Penn National Gaming Inc (PENN)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 72,500 | 363,600 | 974,000 | 1,059,600 | 333,600 |
| Revenue | US$ in thousands | 6,578,100 | 6,362,900 | 6,401,700 | 5,905,000 | 3,578,700 |
| Operating profit margin | 1.10% | 5.71% | 15.21% | 17.94% | 9.32% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $72,500K ÷ $6,578,100K
= 1.10%
Penn National Gaming Inc's operating profit margin has shown some fluctuations over the years. In 2020, the operating profit margin was 9.32%, indicating that for every dollar of revenue generated, the company was able to retain approximately 9.32 cents as operating profit.
By the end of 2021, the operating profit margin increased significantly to 17.94%, suggesting improved operational efficiency and profitability. However, the margin slightly decreased to 15.21% by the end of 2022, indicating a potential decline in profitability compared to the previous year.
In 2023, there was a significant drop in the operating profit margin to 5.71%, which could be a cause for concern as it indicates lower profitability relative to revenue generated. Furthermore, by the end of 2024, the margin further decreased to 1.10%, signaling a substantial decrease in operating profitability.
Overall, the trend in Penn National Gaming Inc's operating profit margin shows fluctuations with a notable peak in 2021 followed by a downward trend in the subsequent years. It is important for the company to closely monitor and address the factors impacting its operating profit margin to ensure sustainable profitability in the long term.
Peer comparison
Dec 31, 2024