Bally's (BALY) Gross Margin (2018 - 2026)

Bally's' (BALY) quarterly Gross Margin came in at 89.2% in Q1 2026, down 290.0% year-on-year from 46.95% in Q1 2025, and up 5631.06% on a QoQ basis from 1.61% in Q4 2025.

Bally's (BALY) Gross Margin (2018 - 2026) Analysis & Trends

Bally's (BALY) has 9 years of Gross Margin data on file, last reported at 89.2% in Q1 2026.

  • On a quarterly basis, Gross Margin fell 290.0% year-over-year to 89.2% in Q1 2026; TTM through Mar 2026 was 66.81%, a 5087.0% decrease from a year earlier, with the FY2025 full-year figure at 63.69%, down 2860.0% from the prior year.
  • Gross Margin for Q1 2026 stood at 89.2%, up from 1.61% in the prior quarter.
  • Over the last five years, Gross Margin for BALY reached as high as 189.28% in Q4 2024 and fell as low as 18.74% in Q4 2023.
  • Historically, Gross Margin has averaged 83.54% across 5 years, with a median of 91.26% in 2023.
  • Across the five-year window, Gross Margin tumbled 19228 bps in 2023 and surged 20801 bps in 2024, its largest moves.
  • Year by year, Gross Margin stood at 173.55% in 2022, then slumped by 111 bps to 18.74% in 2023, then soared by 1110 bps to 189.28% in 2024, then slumped by 101 bps to 1.61% in 2025, then surged by 5631 bps to 89.2% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 89.2% in Q1 2026, 1.61% in Q4 2025, and 92.58% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Las Vegas Sands 30.75 Bn 27.42 Bn 3.49 Bn 97.43%
2 MGM Resorts International 11.68 Bn 9.38 Bn 4.32 Bn 97.02%
3 Wynn Resorts 9.99 Bn 9.89 Bn 1.75 Bn 94.08%
4 Boyd Gaming 6.73 Bn 6.36 Bn 984.15 Mn 98.68%
5 Melco Resorts & Entertainment 6.48 Bn 5.85 Bn - -
6 Caesars Entertainment 6.11 Bn 5.15 Bn 2.78 Bn 96.69%
7 Vail Resorts 5.23 Bn 5.21 Bn - -
8 Hilton Grand Vacations 4.01 Bn 3.75 Bn 1.23 Bn 95.41%
9 Red Rock Resorts 3.72 Bn 3.12 Bn 433.13 Mn 85.38%
10 Bally's 820.88 Mn 261.58 Mn 674.12 Mn 89.20%

Historic Data

Download Data
DateValue
Mar 31, 2026 89.20%
Dec 31, 2025 -1.61%
Sep 30, 2025 92.58%
Jun 30, 2025 92.70%
Mar 31, 2025 92.10%
Dec 31, 2024 189.28%
Sep 30, 2024 91.85%
Jun 30, 2024 92.16%
Mar 31, 2024 92.22%
Dec 31, 2023 -18.74%
Sep 30, 2023 90.82%
Jun 30, 2023 63.88%
Mar 31, 2023 91.26%
Dec 31, 2022 173.55%
Sep 30, 2022 65.90%
Jun 30, 2022 63.07%
Mar 31, 2022 60.02%
Dec 31, 2021 34.92%
Sep 30, 2021 93.20%
Jun 30, 2021 93.65%