PENN PENN Entertainment margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 47

Gross margin

35.9%

Operating margin

4.6%

EBITDA margin

17.4%

Net margin

-0.1%

At present, PENN Entertainment currently has a gross margin of 35.9%, an operating margin of 4.6%, an EBITDA margin of 17.4%, and a net margin of -0.1%; its net margin is negative at -0.1%. Each available margin improved from the same period last year. Operating margin recorded the strongest gain, increasing by 14.9 percentage points.

PENN margin history

Gross, operating, EBITDA and net margin trends

PENN Entertainment's margins averaged 33.94% gross, -5.98% operating, 8.4% EBITDA, and -9.35% net over the last 3 years. Compared with their three-year averages, all four current margins are higher.

PENN margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with operating margin showing the largest gain at 14.9 percentage points.

Gross margin expansion

2.3pp

Operating margin expansion

14.9pp

EBITDA margin expansion

12.4pp

Net margin expansion

13.1pp

PENN Gross margin

PENN Entertainment recorded an average gross margin of 33.94% across the last 3 years. PENN Entertainment currently reports a gross margin of 35.9%, 2 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 -5.98% over the last 3 years. Compared with its three-year average, PENN Entertainment's current operating margin is 4.6% and is 10.6 percentage points above its three-year average. Over the last 3 years, PENN Entertainment's operating margin peaked at 4.6% in Sep 2026 and reached a low of -16.6% in Jun 2024.

PENN EBITDA margin

Over the last 3 years, PENN Entertainment's EBITDA margin averaged 8.4%. Currently, PENN Entertainment's current EBITDA margin is 17.4%, which is 9 percentage points above 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 -9.35%. Currently, PENN Entertainment's current net margin is -0.1%, which is 9.3 percentage points above its three-year average. During this period, net margin reached a high of -0.1% in Sep 2026 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 35.9% is lower than the Consumer Cyclical sector, the industry and its peers average. But when looking at the Consumer Cyclical sector average of 36.3%, PENN Entertainment's gross margin is only 1.1% lower.

PENN margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is PENN Entertainment's gross margin?

For the period ending Sep 30, 2026, PENN recorded a gross margin of 35.9%.

What is PENN Entertainment's operating margin?

The current operating margin for PENN is 4.6% as of Sep 30, 2026.

What is PENN Entertainment's EBITDA margin?

The current EBITDA margin for PENN is 17.4% as of Sep 30, 2026.

What is PENN Entertainment's net margin?

As of Sep 30, 2026, PENN has a negative net margin of -0.1%.

What are the average margins of PENN?

Across the last 3 years, PENN averaged 33.9% gross, -6.0% operating, 8.4% EBITDA, and -9.4% 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.