Wynn Resorts Limited (WYNN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 233,160 | -414,524 | -755,312 | -1,502,570 | 299,825 |
| Revenue | US$ in thousands | 6,041,540 | 3,310,710 | 3,369,780 | 1,656,560 | 6,181,400 |
| Pretax margin | 3.86% | -12.52% | -22.41% | -90.70% | 4.85% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $233,160K ÷ $6,041,540K
= 3.86%
The pretax margin of Wynn Resorts Ltd. has been fluctuating over the past five years. In 2023, the pretax margin improved to 4.37%, indicating that the company generated 4.37 cents of profit for every dollar of revenue before accounting for taxes.
However, in 2022 and 2021, the company experienced negative pretax margins of -18.63% and -26.88% respectively, implying that the company incurred losses before taxes during those years.
The most significant decline was observed in 2020, with a pretax margin of -84.08%, suggesting significant financial challenges faced by the company that year.
On the other hand, in 2019, the company had a relatively healthy pretax margin of 7.38%, signifying a strong profitability performance compared to the other years in the analysis.
Overall, the pretax margin trend for Wynn Resorts Ltd. reflects a combination of fluctuations in profitability and financial challenges faced by the company in recent years.
Peer comparison
Dec 31, 2023