Penn National Gaming Inc (PENN)
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 | -490,000 | -111,100 | 737,200 | 684,900 | 222,100 | 246,300 | 208,900 | 381,500 | 420,800 | 386,900 | 442,700 | 30,100 | -669,500 | -773,100 | -871,100 | -605,600 | 44,000 | 94,500 | 86,700 | 89,088 |
| Revenue (ttm) | US$ in thousands | 6,362,900 | 6,553,100 | 6,558,700 | 6,510,800 | 6,401,700 | 6,388,600 | 6,275,400 | 6,194,300 | 5,905,000 | 5,359,900 | 4,977,800 | 3,737,500 | 3,578,700 | 3,892,500 | 4,117,300 | 5,134,900 | 5,301,400 | 5,115,500 | 4,550,700 | 4,054,500 |
| Net profit margin | -7.70% | -1.70% | 11.24% | 10.52% | 3.47% | 3.86% | 3.33% | 6.16% | 7.13% | 7.22% | 8.89% | 0.81% | -18.71% | -19.86% | -21.16% | -11.79% | 0.83% | 1.85% | 1.91% | 2.20% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-490,000K ÷ $6,362,900K
= -7.70%
The net profit margin of PENN Entertainment Inc has exhibited fluctuations over the past eight quarters. In Q4 2023, the net profit margin was negative at -7.70%, reflecting that the company incurred a net loss. This contrasts with the previous quarter, Q3 2023, where the net profit margin was -1.70%, also indicating a loss but to a lesser extent.
Moving back in time, Q2 2023 saw a significant improvement in the net profit margin to 11.24%, suggesting a strong profitability during that period. This positive trend continued into Q1 2023 with a net profit margin of 10.52%, indicating sustained profitability.
Comparing these recent quarters to the same periods in the previous year, there has been variability in the net profit margin. In Q4 2022, it stood at 3.47%, slightly lower than the profitability seen in the first two quarters of 2022 when the net profit margin ranged between 3.33% and 3.86%. The highest net profit margin in recent memory was in Q2 2022 at 6.16%.
Overall, the net profit margin of PENN Entertainment Inc has shown variability, reflecting fluctuations in the company's profitability over the examined quarters. It is important for stakeholders to monitor these fluctuations closely and understand the underlying factors influencing the company's financial performance.
Peer comparison
Dec 31, 2023