Wynn Resorts Limited (WYNN)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 501,078 | 953,262 | 868,637 | 861,878 | 729,994 | 33,249 | 7,035 | -228,200 | -423,856 | -633,457 | -656,814 | -658,132 | -755,786 | -848,098 | -1,439,991 | -1,946,186 | -2,067,245 | -1,870,685 | -1,116,039 | -383,924 |
| 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 |
| Net profit margin | 6.80% | 14.30% | 13.18% | 13.37% | 12.08% | 0.64% | 0.16% | -6.06% | -12.80% | -18.74% | -18.77% | -18.34% | -22.50% | -28.23% | -61.22% | -132.13% | -124.79% | -71.71% | -28.71% | -7.07% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $501,078K ÷ $7,372,650K
= 6.80%
The net profit margin of Wynn Resorts Limited has shown a fluctuating trend over the past few years. Starting from negative percentages, the company faced significant losses in profitability in 2020 and early 2021, with margins reaching as low as -132.13% in March 2021.
However, there was a notable improvement in profitability starting from the second quarter of 2023. The net profit margin gradually increased from 0.16% in June 2023 to 14.30% in September 2024. This positive trend indicates that the company has been able to effectively manage its expenses and generate higher profits in relation to its revenue during this period.
Despite the improvement, there was a slight decline in the net profit margin in the fourth quarter of 2024, dropping to 6.80%. This might be a point of concern for stakeholders as it indicates a slight decrease in profitability compared to the previous quarter.
Overall, the recent positive trend in net profit margin signifies a potential turnaround in the company's financial performance, but continuous monitoring is necessary to assess the sustainability of this improvement.
Peer comparison
Dec 31, 2024