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Caesars Entertainment, Inc. (CZR)

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Caesars Entertainment, Inc. (CZR) reported revenue of $3.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 3.0% on the same quarter a year earlier. Net income was -$62 million, and diluted earnings per share $-0.30. The figures are the company's own, from the 10-Q it filed with the SEC on 28 July 2026.

Revenue$3.0 billionup 3.0%
Net income-$62 million
Diluted EPS$-0.30
QuarterQ2 FY2026ended 30 June 2026

Caesars Entertainment (CZR) in brief

Caesars Entertainment (CZR) reported revenue of $11.5 billion for fiscal 2025, the year ended 31 December 2025, up 2.1% on the year before.
Read moreNet loss was $502 million and the diluted loss per share $2.42. Revenue was $11.2 billion in fiscal 2024, $11.5 billion in fiscal 2023, $10.8 billion in fiscal 2022 and $9.6 billion in fiscal 2021. Net income in the same years was a loss of $278 million, $786 million, a loss of $899 million and a loss of $1.0 billion. Over the twelve months to 30 June 2026, Caesars Entertainment reported revenue of $11.6 billion and net loss of $465 million. Revenue grew 25.9% a year, compounded, over the five years to fiscal 2025. Caesars Entertainment had 204 million shares outstanding at the latest filed count. At 30 June 2026 it carried $11.8 billion of debt and $965 million of cash. At the close of 9 October 2026 the market cap of Caesars Entertainment was $6.0 billion.

Ratios

From the filings

ROE-13.8%
ROCE12.2%
Operating margin15.9%
Net margin-4.0%
FCF margin5.2%
Interest cover0.80
Debt to equity3.50
Cash conversionn/a
Share count, 1 year-2.1%
Sales CAGR, 3 years2.0%
Profit CAGR, 3 yearsn/a
EPS, TTM-$2.28

At the close of 9 October 2026

Price$29.49
Market cap$6.0 billion
Stock P/En/a
Price to book1.78
EV / EBITDA5.18
Dividend yieldn/a
Market cap / sales0.52
52-week high$30.41
52-week low$18.14
Price, 1 year28.2%
Price CAGR, 3 years-13.6%
Price CAGR, 5 years-23.7%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Caesars Entertainment, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
CZRgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on CZR

Filings20 in twelve months: 11 current reports (8-K), about 4 results of operations; 3 officer or director change; 2 shareholder vote; 2 other events; 1 material agreement
Planned insider sales12 Form 144 notices in twelve months, $20.7 million; latest 10 September 2026
Options tapeput/call 0.48 by open interest at the 9 October 2026 close; the straddle prices a 8.1% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Point72 Asset Management; 12 Schedule 13D or 13G filings in twelve months
Insider trading16 sales and 3 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest20.6 million shares short, 3.46 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,9942,8252,7422,8302,8742,7992,7942,9072,8692,9162,8702,993
Operating income724536485506644669488526513331500513
Operating margin24%19%18%18%22%24%17%18%18%11%17%17%
Interest expense597596607614616601582587582578572577
Pre-tax income139-40.0-127-92.0n/an/an/an/an/an/an/an/a
Tax rate34%n/an/an/an/an/an/an/an/an/an/an/a
Net income74.0-72.0-158-122-9.011.0-115-82.0-55.0-250-98.0-62.0
Net margin2%-3%-6%-4%-0%0%-4%-3%-2%-9%-3%-2%
Diluted EPS$0.34-$0.34-$0.73-$0.56-$0.04$0.05-$0.54-$0.39-$0.27-$1.23-$0.48-$0.30
Operating cash flow34850880.0454232309218462318304204471
Capital expenditure322369264329424279223230195157168167
Free cash flow26.0139-184125-19230.0-5.023212314736.0304
Buybacksn/an/an/an/a141n/an/an/a79.0n/an/an/a
Shares outstanding216m216m216m216m212m211m208m208m204m203m204m204m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Revenue3627209001,4812,0562,5283,6289,57010,82111,52811,24511,48611,648
Operating income17.672.588.794.9310410-3831,4601,7392,4722,3041,8581,857
Operating margin4.9%10.1%9.9%6.4%15.1%16.2%-10.6%15.3%16.1%21.4%20.5%16.2%15.9%
Interest expense30.861.650.999.81722861,2132,3202,3032,3942,4382,3292,309
Pre-tax income-12.644.737.6-43.3135125-1,606-1,269-565-60.0-124-448n/a
Income tax1.8-69.613.1-11740.044.0132-283-41.0-88887.0-11.0-35.0
Effective tax raten/a-155.6%34.8%n/a29.6%35.2%n/an/an/an/an/an/an/a
Net income-14.411424.573.495.081.0-1,757-1,019-899786-278-502-465
Net margin-4.0%15.9%2.7%5.0%4.6%3.2%-48.4%-10.6%-8.3%6.8%-2.5%-4.4%-4.0%
Diluted EPS-$0.48$2.43$0.51$1.08$1.22$1.03-$13.50-$4.83-$4.19$3.64-$1.29-$2.42-$2.28
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Regional5,7785,5395,75650.1%
Las Vegas4,4704,2744,04935.2%
Caesars Digital9731,1631,40812.3%
Managed and Branded3072742792.4%
RegionalLas VegasCaesars DigitalManaged and Branded
11.5FY202311.2FY202411.5FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2024FY2025Share
latest year
Casino6,2676,61757.2%
Hotel2,0001,90016.4%
Food and beverage1,7161,71414.8%
Other1,2461,21010.5%
Real Estate1481281.1%
CasinoHotelFood and beverageOtherReal Estate
11.4FY202411.6FY2025

$ billion; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Operating cash flown/a56.095.4130323313-5821,1729751,8091,0751,3021,297
Capital expenditure10.636.843.283.21471711645209521,2641,296805687
Free cash flown/a19.252.246.7176142-74665223.0545-221497610
Free cash flow marginn/a2.7%5.8%3.2%8.6%5.6%-20.6%6.8%0.2%4.7%-2.0%4.3%5.2%
Cash from investingn/a-161-41.8-1,397-1,268370n/an/an/a-1,256-704-571-548
Cash from financingn/a92.7-73.71,3511,044-71210,641n/a-1,282-713-498-763-758
Depreciation and amortisation28.656.963.41061572225831,1261,2051,2611,3241,4171,398
Share-based compensation0.01.53.36.313.020.079.082.010110494.095.092.0
Buybacks0.1n/an/an/a9.00.00.0n/a0.00.0191229n/a
Diluted shares, weighted30m47m48m68m78m79m130m211m214m216m215m208m204m
Shares outstanding at period end46m47m47m77m77m78m208m214m215m216m211m203m204m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021 †FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1522682969421,0291,1175,0164,4803,7134,5524,1573,5043,375
Non-controlling interest0.1n/an/a0.4n/a0.018.061.038.0168219182177
Debt7798628232,2103,3012,59715,02314,32313,08512,43912,29411,90511,807
Operating lease liabilitiesn/an/an/an/an/a177516726710728716722n/a
Finance lease liabilitiesn/an/an/an/an/a97112,29512,42412,61012,75912,89913,09613,157
Other liabilities2411951753941,5827783,5176,0173,3712,7202,3052,2303,226
Total liabilities and equity1,1721,3251,2943,5465,9115,64136,38538,03133,52733,36632,59031,63931,742
Owned
Fixed assets4566256121,5032,8832,61514,33314,601n/an/an/an/an/a
Goodwill66.866.866.87471,0089109,86411,07611,00410,99010,60110,44110,441
Intangible assetsn/a4924879971,3621,1114,2834,9204,7144,5234,1333,9853,959
Investmentsn/an/an/a17.617.034.6n/an/an/an/an/an/an/a
Cash and equivalents87.678.361.01352312061,7761,0701,0381,005866887965
Receivables7.110.014.745.860.253.9342472611608470476485
Inventory7.211.711.116.920.618.044.042.059.046.045.043.049.0
Other assets54740.740.684.83306925,7435,85016,10116,19416,47515,80715,843
Total assets1,1721,3251,2943,5465,9115,64136,38538,03133,52733,36632,59031,63931,742
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded31.9%25.9%2.0%2.4%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-5.3%-10.1%-1.2%-14.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Caesars Entertainment's revenue in fiscal 2025?

Caesars Entertainment (CZR) reported revenue of $11.5 billion for fiscal 2025, the year ended 31 December 2025, up 2.1% on the year before.

How much did Caesars Entertainment earn in fiscal 2025?

Net loss was $502 million for fiscal 2025, and the diluted loss per share $2.42.

What is Caesars Entertainment's market cap?

The market cap of Caesars Entertainment was $6.0 billion at the close of 9 October 2026.

How much debt does Caesars Entertainment have?

At 30 June 2026 Caesars Entertainment carried $11.8 billion of debt and $965 million of cash.

Peers: Restaurants, Hotels, Motels

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Marriott International Inc. MAR$95.4 billion37.92n/a15.8%4.7%n/a0.7%
Hilton Worldwide Holdings Inc. HLT$73.7 billion47.95n/a23.3%8.7%n/a0.2%
InterContinental Hotels Group PLC IHG *$24.4 billion33.05n/a23.1%5.4%n/a1.1%
Las Vegas Sands Corp. LVS$23.4 billion14.07297.2%21.5%18.1%23.572.8%
Hyatt Hotels Corp. H$15.7 billion197.462.4%n/a5.8%1.110.4%
Wynn Resorts Ltd. WYNN$7.8 billion18.65n/a15.7%6.4%n/a1.3%
MGM Resorts International MGM$7.4 billion17.7316.9%5.7%3.2%2.410.0%
Caesars Entertainment, Inc. CZR$6.0 billionn/a-13.8%15.9%2.4%3.50n/a
Wyndham Hotels & Resorts, Inc. WH$5.5 billion27.2343.3%30.2%-2.1%5.532.2%
Boyd Gaming Corp. BYD$5.0 billion3.0372.7%16.4%1.7%1.051.0%
Choice Hotels International Inc. CHH$4.8 billion14.92230.9%25.2%2.6%14.081.1%
Travel & Leisure Co. TNL$3.8 billion17.12n/a13.7%4.5%n/a3.7%
All 36 in Restaurants, Hotels, Motels
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
McDonald's Corp. MCD$166.5 billion19.11n/a46.2%6.3%n/a3.0%
Starbucks Corp. SBUX$103.5 billion52.16n/a7.8%4.5%n/a2.7%
Marriott International Inc. MAR$95.4 billion37.92n/a15.8%4.7%n/a0.7%
Hilton Worldwide Holdings Inc. HLT$73.7 billion47.95n/a23.3%8.7%n/a0.2%
Chipotle Mexican Grill Inc. CMG$40.0 billion28.9764.5%14.7%7.3%0.00n/a
Yum! Brands, Inc. YUM$39.5 billion18.22n/a31.0%10.3%n/a2.0%
InterContinental Hotels Group PLC IHG *$24.4 billion33.05n/a23.1%5.4%n/a1.1%
Las Vegas Sands Corp. LVS$23.4 billion14.07297.2%21.5%18.1%23.572.8%
Darden Restaurants Inc. DRI$22.4 billion19.3257.2%11.7%8.1%0.793.0%
Hyatt Hotels Corp. H$15.7 billion197.462.4%n/a5.8%1.110.4%
Aramark ARMK$14.5 billion38.4211.3%4.4%11.0%1.800.8%
Texas Roadhouse, Inc. TXRH$10.6 billion25.8326.5%7.7%9.9%0.031.7%
Brinker International, Inc. EAT$8.2 billion17.80109.8%10.7%7.9%0.950.6%
Wynn Resorts Ltd. WYNN$7.8 billion18.65n/a15.7%6.4%n/a1.3%
MGM Resorts International MGM$7.4 billion17.7316.9%5.7%3.2%2.410.0%
Cava Group, Inc. CAVA$6.3 billion97.587.9%5.2%26.8%0.00n/a
Caesars Entertainment, Inc. CZR$6.0 billionn/a-13.8%15.9%2.4%3.50n/a
Dutch Bros Inc. BROS$5.9 billion52.8511.6%9.6%29.6%0.25n/a
Wyndham Hotels & Resorts, Inc. WH$5.5 billion27.2343.3%30.2%-2.1%5.532.2%
Cheesecake Factory Inc. CAKE$5.4 billion29.3934.4%5.3%5.7%1.081.0%
Boyd Gaming Corp. BYD$5.0 billion3.0372.7%16.4%1.7%1.051.0%
Choice Hotels International Inc. CHH$4.8 billion14.92230.9%25.2%2.6%14.081.1%
Travel & Leisure Co. TNL$3.8 billion17.12n/a13.7%4.5%n/a3.7%
Wingstop Inc. WING$3.3 billion29.04n/a27.9%7.6%n/a0.9%
Park Hotels & Resorts Inc. PK$3.1 billionn/a-5.3%2.0%-1.4%1.276.6%
Red Rock Resorts, Inc. RRR$2.9 billion17.5098.7%27.7%0.9%20.832.0%
Shake Shack Inc. SHAK$2.8 billion71.197.3%3.6%17.3%0.46n/a
Hilton Grand Vacations Inc. HGV$2.7 billion19.5213.7%9.9%5.4%4.42n/a
Sunstone Hotel Investors, Inc. SHO$2.1 billion51.362.2%9.1%7.3%0.523.2%
Penn Entertainment, Inc. PENN$2.1 billionn/a-48.7%-7.9%6.1%1.51n/a
Monarch Casino & Resort Inc. MCRI$2.0 billion18.3319.9%25.1%5.1%0.001.0%
Xenia Hotels & Resorts, Inc. XHR$1.7 billionn/a-0.7%6.7%1.6%1.223.1%
Cracker Barrel OLD Country Store, Inc. CBRL$1.3 billion41.046.6%-0.4%-4.7%0.711.7%
BJs Restaurants Inc. BJRI$1.3 billion31.9910.3%2.7%3.5%0.110.8%
Wendy's Co. WEN$1.2 billion9.47104.6%13.6%-1.0%22.8210.7%
Papa Johns International Inc. PZZA$649 million24.99n/a4.3%-5.6%n/a9.3%
17 companies share its SEC industry code (Hotels & Motels); the rest are the names nearest in size in its wider industry, Restaurants, Hotels, Motels, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202628 July 2026EDGAR
10-Q31 March 202628 April 2026EDGAR
10-K31 December 202517 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202529 July 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 202425 February 2025EDGAR
10-Q30 September 202429 October 2024EDGAR
10-Q30 June 202430 July 2024EDGAR
10-Q31 March 202430 April 2024EDGAR

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