New Royal Holdco I (GDEN) Gross Margin (2012 - 2025)
New Royal Holdco I's (GDEN) quarterly Gross Margin came in at 78.52% in Q4 2025, down 8165.0% year-on-year from 0.97% in Q4 2024, and little changed quarter-over-quarter from 78.77% in Q3 2025.
New Royal Holdco I (GDEN) Gross Margin (2012 - 2025) Analysis & Trends
New Royal Holdco I's Gross Margin history runs 14 years deep, the most recent figure standing at 78.52% for Q4 2025.
- On a quarterly basis, Gross Margin fell 8165.0% year-over-year to 78.52% in Q4 2025; TTM through Dec 2025 was 81.8%, a 2427.0% decrease from a year earlier, with the FY2025 full-year figure at 78.89%, down 2052.0% from the prior year.
- Gross Margin held at 78.52% in Q4 2025 per GDEN's latest filing, from 78.77% in the prior quarter.
- Across five years, Gross Margin topped out at 160.17% in Q4 2024 and bottomed at 57.23% in Q4 2023.
- The 5-year median for Gross Margin is 97.72% (2021), against an average of 86.76%.
- Across the five-year window, Gross Margin sank 11504 bps in 2023 and soared 21740 bps in 2024, its largest moves.
- Year by year, Gross Margin stood at 97.68% in 2021, then sank by 41 bps to 57.81% in 2022, then sank by 199 bps to 57.23% in 2023, then surged by 380 bps to 160.17% in 2024, then tumbled by 51 bps to 78.52% in 2025.
- Per Business Quant, the three latest GDEN Gross Margin figures stand at 78.52% (Q4 2025), 78.77% (Q3 2025), and 79.36% (Q2 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 | New Royal Holdco I | 747.58 Mn | 692.25 Mn | 122.20 Mn | 78.52% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 78.52% |
| Sep 30, 2025 | 78.77% |
| Jun 30, 2025 | 79.36% |
| Mar 31, 2025 | 90.37% |
| Dec 31, 2024 | 160.17% |
| Sep 30, 2024 | 87.51% |
| Jun 30, 2024 | 79.50% |
| Mar 31, 2024 | 97.76% |
| Dec 31, 2023 | -57.23% |
| Sep 30, 2023 | 97.87% |
| Jun 30, 2023 | 97.24% |
| Mar 31, 2023 | 98.62% |
| Dec 31, 2022 | 57.81% |
| Sep 30, 2022 | 98.38% |
| Jun 30, 2022 | 98.15% |
| Mar 31, 2022 | 98.55% |
| Dec 31, 2021 | 97.68% |
| Sep 30, 2021 | 98.36% |
| Jun 30, 2021 | 98.94% |
| Mar 31, 2021 | 98.88% |