PENN Entertainment (PENN) Gross Margin (2010 - 2026)
PENN Entertainment's (PENN) quarterly Gross Margin came in at 55.14% in Q2 2026, up 442.0% year-over-year from 10.17% in Q2 2025, and up 1.01% quarter-over-quarter from 54.59% in Q1 2026.
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PENN Entertainment (PENN) Gross Margin (2010 - 2026) Analysis & Trends
PENN Entertainment has disclosed Gross Margin across 16 years of filings, most recently posting 55.14% for Q2 2026.
- In Q2 2026, Gross Margin rose 442.0% year-over-year to 55.14%; the TTM figure through Jun 2026 stood at 53.02% (up 345.0% YoY), while the FY2025 annual figure was 50.49%, up 262.0% from the prior year.
- Gross Margin came in at 55.14% for Q2 2026 at PENN Entertainment, up from 54.59% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 57.57% in Q2 2023 to a low of 39.78% in Q4 2023.
- Average Gross Margin over 5 years is 51.89%, with a median of 52.58% recorded in 2022.
- Year-over-year, Gross Margin slumped 1567 bps in 2023 and jumped 915 bps in 2024.
- Over 5 years, Gross Margin stood at 55.46% in 2022, then dropped by 28 bps to 39.78% in 2023, then grew by 23 bps to 48.93% in 2024, then climbed by 6 bps to 51.8% in 2025, then advanced by 6 bps to 55.14% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 55.14% in Q2 2026, 54.59% in Q1 2026, and 51.8% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 28.03 Bn | 24.65 Bn | 1.81 Bn | 57.23% |
| 2 | MGM Resorts International | 10.37 Bn | 7.83 Bn | 3.10 Bn | 69.69% |
| 3 | Wynn Resorts | 9.14 Bn | 7.57 Bn | 1.14 Bn | 61.15% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 68.09% |
| 5 | Churchill Downs | 5.78 Bn | 5.59 Bn | 712.00 Mn | 72.65% |
| 6 | Boyd Gaming | 5.65 Bn | 5.33 Bn | 766.76 Mn | 74.13% |
| 7 | Red Rock Resorts | 3.15 Bn | 2.54 Bn | 420.02 Mn | 82.32% |
| 8 | PENN Entertainment | 2.27 Bn | 1.38 Bn | 1.02 Bn | 55.14% |
| 9 | Monarch Casino & Resort | 2.15 Bn | 2.01 Bn | 38.62 Mn | 27.09% |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.42 Bn | 1.05 Bn | 97.34% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 55.14% |
| Mar 31, 2026 | 54.59% |
| Dec 31, 2025 | 51.80% |
| Sep 30, 2025 | 50.36% |
| Jun 30, 2025 | 50.73% |
| Mar 31, 2025 | 48.95% |
| Dec 31, 2024 | 48.93% |
| Sep 30, 2024 | 49.60% |
| Jun 30, 2024 | 47.62% |
| Mar 31, 2024 | 45.27% |
| Dec 31, 2023 | 39.78% |
| Sep 30, 2023 | 56.22% |
| Jun 30, 2023 | 57.57% |
| Mar 31, 2023 | 56.40% |
| Dec 31, 2022 | 55.46% |
| Sep 30, 2022 | 53.36% |
| Jun 30, 2022 | 56.14% |
| Mar 31, 2022 | 56.11% |
| Dec 31, 2021 | 52.97% |
| Sep 30, 2021 | 56.85% |