Penn National Gaming Inc (PENN)

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	81,800	-47,900	-901,800	-779,900	-559,600	-138,900	891,800	988,700	1,081,600	1,064,800	1,059,600	1,135,100	1,059,600	953,100	910,200	366,900	-410,200	-518,500	-534,900	-171,120
Revenue (ttm)	US$ in thousands	6,578,100	6,304,500	6,284,700	6,296,500	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	5,134,890
Operating profit margin		1.24%	-0.76%	-14.35%	-12.39%	-8.79%	-2.12%	13.60%	15.19%	16.90%	16.67%	16.88%	18.32%	17.94%	17.78%	18.29%	9.82%	-11.46%	-13.32%	-12.99%	-3.33%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $81,800K ÷ $6,578,100K
= 1.24%

The operating profit margin of Penn National Gaming Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The company experienced negative operating profit margins in the earlier periods, with margins as low as -13.32% in September 30, 2020.

However, there was a significant turnaround starting from March 31, 2021, where the operating profit margin improved to 9.82% and continued to increase steadily, reaching a peak of 18.32% by March 31, 2022. This trend of improvement was maintained for several quarters before a decline in the operating profit margin from March 31, 2023.

By December 31, 2024, the operating profit margin had recovered slightly, standing at 1.24%. It is essential for investors and stakeholders to monitor this metric closely, as it indicates the company's efficiency in generating profit from its core operations.