MGM Resorts International (MGM)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,142,180	1,112,722	374,775	1,957,919	1,473,096	1,320,107	3,247,367	1,568,180	1,254,367	675,749	-1,209,412	-2,171,422	-1,032,724	1,426,461	1,924,059	2,824,721	2,049,149	14,242	194,253	274,625
Revenue (ttm)	US$ in thousands	15,642,020	14,936,500	14,365,390	15,941,210	14,865,260	14,215,440	13,432,030	10,091,140	8,870,390	7,329,990	5,774,612	3,842,475	5,850,905	7,589,185	9,735,953	12,610,310	12,110,220	12,119,940	11,844,790	11,514,580
Net profit margin		7.30%	7.45%	2.61%	12.28%	9.91%	9.29%	24.18%	15.54%	14.14%	9.22%	-20.94%	-56.51%	-17.65%	18.80%	19.76%	22.40%	16.92%	0.12%	1.64%	2.39%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,142,180K ÷ $15,642,020K
= 7.30%

MGM Resorts International's net profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the net profit margin was 7.08%, slightly lower compared to the previous quarter's 7.12%. The net profit margin significantly dropped in Q2 2023 to 2.47% but saw a substantial increase in Q1 2023 to 13.69%.

Comparing the latest results to the same quarter a year ago, there has been a decrease in net profit margin from 10.98% in Q4 2022 to 7.08% in Q4 2023. The net profit margin was highest in Q2 2022 at 26.88% but has since declined.

Overall, the net profit margin trend for MGM Resorts International indicates some volatility and fluctuation in profitability over the quarters, suggesting potential challenges in maintaining consistent profitability levels. Further analysis and understanding of the underlying factors driving these fluctuations would be necessary to assess the company's financial performance effectively.