Penn National Gaming Inc (PENN)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -311,500 | -490,000 | 222,100 | 420,800 | -669,100 |
| Revenue | US$ in thousands | 6,578,100 | 6,362,900 | 6,401,700 | 5,905,000 | 3,578,700 |
| Net profit margin | -4.74% | -7.70% | 3.47% | 7.13% | -18.70% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-311,500K ÷ $6,578,100K
= -4.74%
Based on the data provided, Penn National Gaming Inc's net profit margin has shown fluctuations over the years. In 2020, the net profit margin was negative at -18.70%, indicating that the company incurred a loss relative to its revenue.
However, there was a significant improvement in 2021, with a net profit margin of 7.13%, indicating that the company generated a profit of about 7.13 cents for every dollar of revenue.
In 2022, the net profit margin decreased to 3.47%, suggesting a reduction in the company's efficiency in converting revenue into profit.
The trend reversed in 2023, with a negative net profit margin of -7.70%, indicating a loss once again. This was followed by another negative net profit margin in 2024 at -4.74%, showing further financial challenges for the company.
Overall, Penn National Gaming Inc's net profit margin has been volatile, with periods of profitability and losses. It is important for the company to closely monitor and address the factors impacting its profitability to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2024