Wynn Resorts Limited (WYNN)

Gross 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
Gross profit (ttm)	US$ in thousands	5,623,930	4,886,480	4,703,191	4,576,761	4,185,790	3,350,898	2,789,328	2,173,569	1,737,047	1,813,814	1,937,135	2,010,736	1,829,209	1,520,145	898,550	30,854	165,375	1,067,464	2,270,787	3,775,341
Revenue (ttm)	US$ in thousands	7,372,650	6,666,970	6,588,390	6,448,030	6,041,540	5,159,544	4,442,929	3,766,258	3,310,708	3,379,932	3,498,822	3,587,922	3,358,884	3,004,247	2,352,118	1,472,938	1,656,562	2,608,751	3,887,865	5,432,936
Gross profit margin		76.28%	73.29%	71.39%	70.98%	69.28%	64.95%	62.78%	57.71%	52.47%	53.66%	55.37%	56.04%	54.46%	50.60%	38.20%	2.09%	9.98%	40.92%	58.41%	69.49%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,623,930K ÷ $7,372,650K
= 76.28%

The gross profit margin of Wynn Resorts Limited has shown fluctuations over the period from March 31, 2020, to December 31, 2024.

The trend indicates a steep decline from March 31, 2020, at 69.49% to December 31, 2020, where the margin dropped significantly to 9.98%. This sharp decrease may raise concerns about the company's cost management or pricing strategy during that period.

However, there was a recovery in the gross profit margin from March 31, 2021, to September 30, 2021, where the margin gradually increased to 50.60%. This positive trend continued, reaching 76.28% by December 31, 2024.

The company seems to have made efforts to improve its cost structure or pricing policies as reflected in the increasing gross profit margin over the analyzed period. This upward trend shows an improvement in the company's ability to generate profits from its core operations.

Overall, the recent trend in the gross profit margin of Wynn Resorts Limited indicates a positive trajectory and suggests improvements in its operational efficiency and profitability.