Wynn Resorts Limited (WYNN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 729,994 | -423,856 | -755,786 | -2,067,240 | 122,985 |
| Revenue | US$ in thousands | 6,041,540 | 3,310,710 | 3,369,780 | 1,656,560 | 6,181,400 |
| Net profit margin | 12.08% | -12.80% | -22.43% | -124.79% | 1.99% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $729,994K ÷ $6,041,540K
= 12.08%
The net profit margin of Wynn Resorts Ltd. has experienced significant fluctuations over the past five years. In 2023, the net profit margin improved to 11.18%, indicating that the company generated 11.18 cents of profit for every dollar of revenue. This marks a substantial recovery from the negative margins reported in the previous two years, namely -11.28% in 2022 and -20.08% in 2021.
In 2020, Wynn Resorts Ltd. faced a substantial decline in profitability, with a net profit margin of -98.63%, implying that the company incurred losses almost equivalent to its revenue during that period. However, the company managed to recover in 2019, posting a net profit margin of 1.86%.
Overall, Wynn Resorts Ltd.'s net profit margin has shown volatility in recent years, with a drastic turnaround in 2023. It is essential for investors to closely monitor the company's financial performance and management strategies to navigate through such fluctuations effectively.
Peer comparison
Dec 31, 2023