PENN Entertainment (PENN) Gross Margin (2010 - 2026)
PENN Entertainment (PENN) reported Gross Margin of 81.49% for Q1 2026, up 3253.0% on a YoY basis from 2.43% in Q1 2025, and down 54.29% sequentially from 178.27% in Q4 2025.
PENN Entertainment (PENN) Gross Margin (2010 - 2026) Analysis & Trends
PENN Entertainment (PENN) has 16 years of Gross Margin data on file, last reported at 81.49% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 3253.0% year-over-year to 81.49%; the trailing twelve-month figure through Mar 2026 stood at 99.29% (up 2319.0% YoY), and the FY2025 full-year result was 83.3%, down 171.0% from the prior year.
- Gross Margin retreated to 81.49% in Q1 2026, from 178.27% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 178.27% in Q4 2025 to a low of 48.95% in Q1 2025.
- A 5-year average of 83.72% and a median of 84.02% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 12498 bps in 2022 and jumped 9446 bps in 2025, its largest moves.
- Tracing PENN's Gross Margin over 5 years: stood at 86.8% in 2022, then surged by 75 bps to 152.19% in 2023, then sank by 45 bps to 83.8% in 2024, then soared by 113 bps to 178.27% in 2025, then sank by 54 bps to 81.49% in 2026.
- Business Quant data shows PENN's Gross Margin at 81.49% in Q1 2026, 178.27% in Q4 2025, and 50.36% in Q3 2025.
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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 | PENN Entertainment | 2.74 Bn | 2.03 Bn | 1.45 Bn | 81.49% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 81.49% |
| Dec 31, 2025 | 178.27% |
| Sep 30, 2025 | 50.36% |
| Jun 30, 2025 | 84.02% |
| Mar 31, 2025 | 48.95% |
| Dec 31, 2024 | 83.80% |
| Sep 30, 2024 | 85.09% |
| Jun 30, 2024 | 86.79% |
| Mar 31, 2024 | 84.37% |
| Dec 31, 2023 | 152.19% |
| Sep 30, 2023 | 56.22% |
| Jun 30, 2023 | 57.57% |
| Mar 31, 2023 | 56.40% |
| Dec 31, 2022 | 86.80% |
| Sep 30, 2022 | 53.36% |
| Jun 30, 2022 | 88.52% |
| Mar 31, 2022 | 89.01% |
| Dec 31, 2021 | 211.78% |
| Sep 30, 2021 | 89.41% |
| Jun 30, 2021 | 90.39% |