PENN Entertainment (PENN) Operating Margin (2009 - 2026)
PENN Entertainment's Operating Margin came in at 7.09% for Q2 2026, up 2.70 percentage points from 4.39% a year earlier and up 1.63 percentage points from the prior quarter.
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Analysis
PENN Entertainment (PENN) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, PENN Entertainment reported Operating Margin of -7.89%, down 9.96 percentage points year-over-year; for FY2025, it was -9.68%, down 10.78 percentage points from FY2024.
- Operating Margin carries a five-year change of +1.79 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 1.10% in FY2024 (+11.95 pp), -10.85% in FY2023 (-26.06 pp), 15.21% in FY2022 (-2.73 pp) and 17.94% in FY2021 (+29.41 pp).
- The Q2 2026 figure represents the highest quarterly Operating Margin since Q2 2023.
- Year-over-year, Operating Margin has increased for three consecutive quarters, with an average year-over-year change of +4.24 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q3 2024 (a gain of 52.68 percentage points), and the weakest in Q3 2023 (a drop of 56.97 percentage points).
- Business Quant data shows PENN's Operating Margin at 5.46% (Q1 2026), -0.97% (Q4 2025) and -45.21% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn | 19.59% |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn | -4.72% |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn | -3.33% |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn | 11.53% |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn | 17.29% |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn | 16.03% |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn | 11.32% |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | 17.14% |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - | - |
| 10 | PENN Entertainment | 1.96 Bn | -985.32 Mn | 690.50 Mn | 7.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 7.09% |
| Mar 31, 2026 | 5.46% |
| Dec 31, 2025 | -0.97% |
| Sep 30, 2025 | -45.21% |
| Jun 30, 2025 | 4.39% |
| Mar 31, 2025 | 2.56% |
| Dec 31, 2024 | -2.88% |
| Sep 30, 2024 | 4.12% |
| Jun 30, 2024 | 4.48% |
| Mar 31, 2024 | -1.33% |
| Dec 31, 2023 | -22.10% |
| Sep 30, 2023 | -48.56% |
| Jun 30, 2023 | 12.27% |
| Mar 31, 2023 | 11.90% |
| Dec 31, 2022 | 15.32% |
| Sep 30, 2022 | 8.41% |
| Jun 30, 2022 | 18.59% |
| Mar 31, 2022 | 18.67% |
| Dec 31, 2021 | 14.38% |
| Sep 30, 2021 | 15.82% |
API Access
PENN Entertainment Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=PENN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PENN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=PENN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();