Wynn Resorts Limited (WYNN)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 504,709 | 498,903 | 394,429 | 384,040 | 233,160 | 41,907 | 19,832 | -218,990 | -414,524 | -632,080 | -655,672 | -657,011 | -755,312 | -845,185 | -1,030,868 | -1,456,822 | -1,502,574 | -1,149,163 | -782,155 | -132,978 |
| 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 |
| Pretax margin | 6.85% | 7.48% | 5.99% | 5.96% | 3.86% | 0.81% | 0.45% | -5.81% | -12.52% | -18.70% | -18.74% | -18.31% | -22.49% | -28.13% | -43.83% | -98.91% | -90.70% | -44.05% | -20.12% | -2.45% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $504,709K ÷ $7,372,650K
= 6.85%
The pretax margin of Wynn Resorts Limited experienced a fluctuating trend over the last few years. Initially, from March 2020 to December 2021, the company consistently reported negative pretax margins, with figures ranging from -2.45% to -98.91%. This indicates that during this period, the company's operating expenses and non-operating costs were higher than its revenues before accounting for taxes.
However, starting from March 2022, the pretax margin began to improve gradually. By the end of December 2024, Wynn Resorts Limited achieved a pretax margin of 6.85%, indicating that the company's profitability before tax expenses had turned positive and reached a relatively healthy level.
Overall, the upward trend in pretax margin from March 2022 to December 2024 suggests that Wynn Resorts Limited has been managing its costs effectively, increasing revenues, or a combination of both, leading to improved profitability before taxes. This positive trend is a good sign for the financial health and performance of the company.
Peer comparison
Dec 31, 2024