PENN Entertainment (PENN) Gross Margin (2010 - 2026)
PENN Entertainment (PENN) posted Gross Margin of 81.49% for Q1 2026, down 54.29% sequentially from 178.27% in Q4 2025, and up 3253.0% YoY from 2.43% in Q1 2025.
PENN Entertainment (PENN) Gross Margin (2010 - 2026) Analysis & Trends
PENN Entertainment has reported Gross Margin for 16 years, with the latest figure at 81.49% in Q1 2026.
- Quarterly Gross Margin rose 3253.0% year-over-year to 81.49% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 99.29% (up 2319.0% YoY) and the FY2025 annual result came in at 83.3%, down 171.0% from the prior year.
- Gross Margin retreated to 81.49% in Q1 2026 per PENN's latest filing, from 178.27% in the prior quarter.
- Over five years, Gross Margin peaked at 178.27% in Q4 2025 and troughed at 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.
- The sharpest annual moves came in 2022 and 2025: Gross Margin tumbled 12498 bps in 2022, then soared 9446 bps in 2025.
- Over 5 years, Gross Margin stood at 86.8% in 2022, then surged by 75 bps to 152.19% in 2023, then plunged by 45 bps to 83.8% in 2024, then soared by 113 bps to 178.27% in 2025, then plunged by 54 bps to 81.49% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 81.49%, 178.27%, and 50.36% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 Bn | 26.73 Bn | 1.81 Bn | 57.23% |
| 2 | MGM Resorts International | 10.94 Bn | 8.39 Bn | 3.10 Bn | 69.69% |
| 3 | Wynn Resorts | 10.22 Bn | 8.64 Bn | 1.14 Bn | 61.15% |
| 4 | Boyd Gaming | 6.06 Bn | 5.74 Bn | 766.76 Mn | 74.13% |
| 5 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 68.09% |
| 6 | Vail Resorts | 5.35 Bn | 4.98 Bn | - | - |
| 7 | Marriott Vacations Worldwide | 3.84 Bn | 3.53 Bn | 1.29 Bn | 97.80% |
| 8 | Hilton Grand Vacations | 3.56 Bn | 3.29 Bn | 499.00 Mn | 36.75% |
| 9 | Red Rock Resorts | 3.54 Bn | 2.94 Bn | 420.02 Mn | 82.32% |
| 10 | PENN Entertainment | 2.46 Bn | 1.57 Bn | 1.02 Bn | 55.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 55.14% |
| 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% |