Wynn Resorts Limited (WYNN)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	501,078	729,994	-423,856	-755,786	-2,067,240
Revenue	US$ in thousands	7,372,660	6,041,540	3,310,710	3,369,780	1,656,560
Net profit margin		6.80%	12.08%	-12.80%	-22.43%	-124.79%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $501,078K ÷ $7,372,660K
= 6.80%

Based on the data provided, Wynn Resorts Limited's net profit margin has exhibited significant fluctuations over the past few years. In particular:

1. In December 31, 2020, the net profit margin was -124.79%, indicating that the company incurred a substantial net loss relative to its revenue during that period. This may suggest operational inefficiencies, high costs, or non-recurring expenses adversely impacting profitability.

2. By December 31, 2021, the net profit margin improved to -22.43%, albeit still negative. This reduction in the negative margin indicates that the company may have taken steps to enhance its operational efficiency or control costs.

3. As of December 31, 2022, the net profit margin further improved to -12.80%, signaling continued progress towards profitability but still reflecting a negative margin.

4. Notably, by December 31, 2023, the net profit margin turned positive at 12.08%, indicating that Wynn Resorts Limited generated a profit relative to its revenue during that period. This positive trend suggests improved financial performance, efficient cost management, or revenue growth.

5. For December 31, 2024, the net profit margin stood at 6.80%, indicating a slight decrease from the previous year. Despite the decrease, maintaining a positive net profit margin reflects the company's ability to generate profits after accounting for all expenses.

In conclusion, while Wynn Resorts Limited experienced challenges with negative net profit margins in the earlier years, the subsequent improvements and eventual achievement of positive net profit margins indicate a positive trajectory towards profitability and financial stability. Continued monitoring of the net profit margin will be essential to assess the company's ongoing financial performance and sustainability.