Red Rock Resorts (RRR) Gross Margin (2015 - 2026)
Red Rock Resorts (RRR) posted quarterly Gross Margin of 85.38% for Q1 2026, down 1317.0% year-over-year from 7.02% in Q1 2025, and down 7.4% quarter-over-quarter from 92.2% in Q4 2025.
Red Rock Resorts (RRR) Gross Margin (2015 - 2026) Analysis & Trends
Red Rock Resorts (RRR) has reported Gross Margin for 12 consecutive years, with 85.38% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin fell 1317.0% year-over-year to 85.38%; the TTM figure through Mar 2026 stood at 86.99% (down 360.0% YoY), while the FY2025 annual figure was 96.83%, up 12.0% from the prior year.
- Gross Margin retreated to 85.38% in Q1 2026 per RRR's latest filing, from 92.2% in the prior quarter.
- Across five years, Gross Margin topped out at 98.55% in Q1 2025 and bottomed at 73.4% in Q4 2022.
- Historically, Gross Margin has averaged 88.41% across 5 years, with a median of 85.38% in 2026.
- Annual changes were most pronounced in 2022 — Gross Margin sank 2484 bps — and 2023, when it surged 2343 bps.
- Red Rock Resorts' Gross Margin stood at 73.4% in 2022, then surged by 32 bps to 96.84% in 2023, then slipped by 0 bps to 96.71% in 2024, then dropped by 5 bps to 92.2% in 2025, then fell by 7 bps to 85.38% in 2026.
- Business Quant data shows RRR's Gross Margin at 85.38% in Q1 2026, 92.2% in Q4 2025, and 84.65% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.10 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 | 82.32% |
| Mar 31, 2026 | 85.38% |
| Dec 31, 2025 | 92.20% |
| Sep 30, 2025 | 84.65% |
| Jun 30, 2025 | 85.58% |
| Mar 31, 2025 | 98.55% |
| Dec 31, 2024 | 96.71% |
| Sep 30, 2024 | 84.64% |
| Jun 30, 2024 | 81.94% |
| Mar 31, 2024 | 82.62% |
| Dec 31, 2023 | 96.84% |
| Sep 30, 2023 | 82.81% |
| Jun 30, 2023 | 96.76% |
| Mar 31, 2023 | 96.86% |
| Dec 31, 2022 | 73.40% |
| Sep 30, 2022 | 83.18% |
| Jun 30, 2022 | 97.92% |
| Mar 31, 2022 | 82.85% |
| Dec 31, 2021 | 98.24% |
| Sep 30, 2021 | 82.89% |