Penn National Gaming Inc (PENN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-490,000	222,100	420,800	-669,500	43,900
Revenue	US$ in thousands	6,362,900	6,401,700	5,905,000	3,578,700	5,301,400
Net profit margin		-7.70%	3.47%	7.13%	-18.71%	0.83%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-490,000K ÷ $6,362,900K
= -7.70%

The net profit margin of PENN Entertainment Inc has shown fluctuations over the past five years. In 2023, the net profit margin was -7.70%, indicating that the company incurred a loss relative to its revenue. This negative profit margin could be a result of increased expenses exceeding the revenue generated during the year.

In the prior year, 2022, the net profit margin improved to 3.47%, suggesting that the company was able to generate a profit equivalent to 3.47% of its total revenue. This positive trend indicates better cost management or increased revenue streams compared to the year before.

In 2021, the net profit margin was 7.13%, indicating that the company's profitability improved significantly from the previous period. This could be attributed to higher revenue growth, effective cost control, or a combination of both.

Conversely, in 2020, PENN Entertainment Inc experienced a notably low net profit margin of -18.71%, indicating a substantial loss relative to its revenue. This could have been a result of extraordinary expenses, write-downs, or other one-off events impacting the company's financial performance negatively.

In 2019, the net profit margin was 0.83%, indicating a modest profitability level relative to the total revenue generated. Overall, the fluctuating net profit margins suggest that PENN Entertainment Inc has experienced varying levels of profitability and financial performance over the past five years, possibly due to changes in revenue, costs, and economic conditions impacting the company's operations.