MGM Resorts International (MGM)

Operating profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	1,490,460	1,891,500	-1,814,120	631,332	-2,083,750
Revenue	US$ in thousands	17,240,500	16,164,200	13,127,500	9,680,140	5,162,080
Operating profit margin		8.65%	11.70%	-13.82%	6.52%	-40.37%

December 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,490,460K ÷ $17,240,500K
= 8.65%

Based on the provided data for MGM Resorts International, the operating profit margin has exhibited significant variability over the past five years. In December 2020, the operating profit margin stood at -40.37%, indicating that the company's operating expenses exceeded its revenue, resulting in a negative margin.

By December 2021, there was a notable turnaround as the operating profit margin improved to 6.52%, signaling a shift towards profitability in the company's operations. However, this positive trend was short-lived as by December 2022, the margin declined to -13.82%, suggesting that the company faced challenges in controlling its operating costs relative to its revenue.

In the subsequent years, MGM Resorts International managed to strengthen its operating profit margin. By December 2023, the margin increased to 11.70%, reflecting improved operational efficiency and profitability. This positive momentum continued into December 2024, with the operating profit margin further rising to 8.65%.

Overall, the fluctuating operating profit margin of MGM Resorts International highlights the company's efforts to manage its costs effectively and enhance its profitability over the years, indicating a potential turnaround in its operational performance.