PENN PENN Entertainment margins

?
Relative Growth: Rel. Growth: 32
Relative Strength: Rel. Strength: 38
Relative Valuation: Rel. Valuation: 41
Relative Profitability: Rel. Profitability: 15
Gross margin
35.2%
Operating margin
-7.9%
EBITDA margin
4.9%
Net margin
-12.7%

At present, PENN Entertainment currently has a gross margin of 35.2%, an operating margin of -7.9%, an EBITDA margin of 4.9%, and a net margin of -12.7%; its operating margin is negative at -7.9%, and its net margin is negative at -12.7%. Gross margin recorded the largest improvement, increasing by 1.4 percentage points. EBITDA margin recorded the largest decline, decreasing by 12.4 percentage points.

PENN margin history

Gross, operating, EBITDA and net margin trends

PENN Entertainment's margins averaged 33.76% gross, -6.94% operating, 7.58% EBITDA, and -10.19% net over the last 3 years. Compared with the three-year averages, gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.

PENN margin expansion

Year-over-year margin changes in percentage points

Year over year, gross margin expanded by 1.4 percentage points, while operating margin contracted by 10 percentage points, EBITDA margin by 12.4 percentage points, and net margin by 11.6 percentage points.

Gross margin expansion
1.4pp
Operating margin expansion
-10pp
EBITDA margin expansion
-12.4pp
Net margin expansion
-11.6pp

PENN Gross margin

PENN Entertainment recorded an average gross margin of 33.76% across the last 3 years. PENN Entertainment currently reports a gross margin of 35.2%, 1.4 percentage points above its three-year average. Gross margin was highest at 37.1% in Dec 2023 and lowest at 30.7% in Sep 2024.

PENN Operating margin

PENN Entertainment's operating margin averaged -6.94% over the last 3 years. Compared with its three-year average, PENN Entertainment's current operating margin is -7.9% and is 1 percentage points below its three-year average. Over the last 3 years, PENN Entertainment's operating margin peaked at 2.1% in Jun 2025 and reached a low of -16.6% in Jun 2024.

PENN EBITDA margin

Over the last 3 years, PENN Entertainment's EBITDA margin averaged 7.58%. Currently, PENN Entertainment's current EBITDA margin is 4.9%, which is 2.7 percentage points below its three-year average. During this period, EBITDA margin reached a high of 17.5% in Mar 2025 and a low of -3.7% in Jun 2024.

PENN Net margin

Over the last 3 years, PENN Entertainment's net margin averaged -10.19%. Currently, PENN Entertainment's current net margin is -12.7%, which is 2.5 percentage points below its three-year average. During this period, net margin reached a high of -1.1% in Jun 2025 and a low of -19.5% in Jun 2024.

PENN margin group comparison

Margins compared with peer-group, industry and sector averages

PENN Entertainment's gross margin of 35.2% is lower than the Consumer Cyclical sector, the industry and its peers average. But when looking at the Consumer Cyclical sector average of 36.2%, PENN Entertainment's gross margin is only 2.8% lower.

PENN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is PENN Entertainment's gross margin?

For the period ending Jun 30, 2026, PENN recorded a gross margin of 35.2%.

What is PENN Entertainment's operating margin?

As of Jun 30, 2026, PENN has a negative operating margin of -7.9%.

What is PENN Entertainment's EBITDA margin?

The current EBITDA margin for PENN is 4.9% as of Jun 30, 2026.

What is PENN Entertainment's net margin?

As of Jun 30, 2026, PENN has a negative net margin of -12.7%.

What are the average margins of PENN?

Across the last 3 years, PENN averaged 33.8% gross, -6.9% operating, 7.6% EBITDA, and -10.2% net.

What are the highest historical margins of PENN?

Looking back across 5 years, PENN reached 46.7% gross in Dec 2021, 18.3% operating in Mar 2022, 33.4% EBITDA in Mar 2023, and 11.2% net in Jun 2023.

What are the lowest historical margins of PENN?

Within the 5-year period, PENN recorded its lowest margins at 30.7% gross in Sep 2024, -16.6% operating in Jun 2024, -3.7% EBITDA in Jun 2024, and -19.5% net in Jun 2024.