Penn National Gaming Inc (PENN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -341,300 | -600,400 | -1,452,500 | -1,309,400 | -499,600 | -39,200 | 788,800 | 758,400 | 175,300 | 176,100 | 357,400 | 526,800 | 539,100 | 505,600 | 510,000 | -14,600 | -834,200 | -956,900 | -1,020,500 | -677,804 |
| 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 |
| Pretax margin | -5.19% | -9.52% | -23.11% | -20.80% | -7.85% | -0.60% | 12.03% | 11.65% | 2.74% | 2.76% | 5.70% | 8.50% | 9.13% | 9.43% | 10.25% | -0.39% | -23.31% | -24.58% | -24.79% | -13.20% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-341,300K ÷ $6,578,100K
= -5.19%
Penn National Gaming Inc's pretax margin has shown significant fluctuations over the past few years.
From March 31, 2020, to June 30, 2021, the company experienced negative pretax margins, indicating that its earnings before taxes were consistently lower than its revenues during this period. However, starting from March 31, 2021, the company's pretax margin started to improve, turning positive in the subsequent quarters.
The trend continued into 2023, with pretax margins reaching double-digit percentages, indicating stronger profitability before tax expenses. However, in the later quarters of 2023 and throughout 2024, the pretax margin started to decline again, showing negative percentages.
The most recent data for December 31, 2024, highlights a negative pretax margin, suggesting that the company's profitability before tax deductions has decreased towards the end of the period.
Overall, the analysis of Penn National Gaming Inc's pretax margin indicates fluctuations in profitability trends over the years, with both positive and negative performances in different quarters. Further investigation into the company's cost structures and revenue sources may provide insights into the driving factors behind these fluctuations in pretax margin.
Peer comparison
Dec 31, 2024