MGM Resorts International (MGM)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,583,395 | 1,712,319 | 1,767,398 | 1,662,459 | 1,541,689 | 164,058 | -1,251,848 | 758,224 | 484,126 | 1,810,115 | 4,748,865 | 2,631,175 | 2,278,697 | 1,546,282 | -841,680 | -2,139,970 | -642,440 | 2,681,218 | 3,414,781 | 4,820,796 |
| Revenue (ttm) | US$ in thousands | 17,240,550 | 17,269,550 | 17,059,590 | 16,674,420 | 16,164,250 | 15,380,910 | 14,823,800 | 14,146,480 | 13,127,490 | 12,592,160 | 11,883,630 | 10,886,700 | 9,680,140 | 8,116,790 | 6,535,170 | 4,557,019 | 5,162,089 | 6,853,689 | 9,042,149 | 11,975,580 |
| Operating profit margin | 9.18% | 9.92% | 10.36% | 9.97% | 9.54% | 1.07% | -8.44% | 5.36% | 3.69% | 14.37% | 39.96% | 24.17% | 23.54% | 19.05% | -12.88% | -46.96% | -12.45% | 39.12% | 37.77% | 40.26% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,583,395K ÷ $17,240,550K
= 9.18%
MGM Resorts International's operating profit margin has shown fluctuating performance over the periods outlined. The data indicates a significant dip in profitability towards the end of 2020 and the beginning of 2021, with negative margins recorded during these quarters. However, the company managed to improve its operating profit margin steadily, reaching a peak of 39.96% by June 30, 2022.
Subsequently, MGM Resorts experienced some volatility in its operating profit margin, with fluctuations observed in the following quarters. The margin decreased to 8.44% by June 30, 2023, but then rebounded to 10.36% by June 30, 2024. Overall, the company's operating profit margin has shown resilience, hovering around the 10% mark towards the end of the data set, indicating a reasonable level of profitability in its operations during that period.
It is essential for investors and stakeholders to monitor MGM Resorts International's operating profit margin closely to assess the company's operational efficiency and profitability levels consistently.
Peer comparison
Dec 31, 2024