CZR · Caesars Entertainment, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · CZR

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$11.49B	$11.24B	$11.53B	$10.82B	$9.57B	$3.47B
Cost of Revenue	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-
R&D	-	-	-	-	-	-
SG&A	$1.93B	$1.92B	$2.01B	$2.07B	$1.78B	$882.00M
Total Operating Expenses	$9.63B	$8.94B	$9.06B	$9.08B	$8.11B	$3.91B
D&A	$1.42B	$1.32B	$1.26B	$1.21B	$1.13B	$583.00M
Operating Income	$1.86B	$2.30B	$2.47B	$1.74B	$1.46B	($437.00M)
Interest Expense	$2.33B	$2.44B	$2.39B	$2.30B	$2.29B	$1.17B
Income Tax	($11.00M)	$87.00M	($888.00M)	($41.00M)	($283.00M)	$126.00M
Net Income	($502.00M)	($278.00M)	$786.00M	($899.00M)	($1.02B)	($1.76B)
EPS - Basic	($2.42)	($1.29)	$3.65	($4.19)	($4.83)	($13.50)
EPS - Diluted	($2.42)	($1.29)	$3.64	($4.19)	($4.83)	($13.50)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$887.00M	$866.00M	$1.00B	$1.04B	$1.07B	$1.76B
Accounts Receivable	$476.00M	$470.00M	$608.00M	$611.00M	$472.00M	$338.00M
Inventory	$43.00M	$45.00M	$46.00M	$59.00M	$42.00M	$44.00M
Accounts Payable	$297.00M	$296.00M	$408.00M	$314.00M	$254.00M	$165.00M
Current Assets	$1.80B	$1.75B	$2.04B	$2.10B	$5.96B	$6.67B
Total Assets	$31.64B	$32.59B	$33.37B	$33.53B	$38.03B	$36.38B
Current Liabilities	$2.25B	$2.27B	$2.69B	$2.67B	$5.30B	$2.58B
Long-term Debt	$11.67B	$12.03B	$12.22B	$12.66B	$13.72B	$14.07B
Total Liabilities	$27.95B	$28.21B	$28.65B	$29.78B	$33.49B	$31.35B
Stockholders' Equity	$3.50B	$4.16B	$4.55B	$3.71B	$4.48B	$5.02B
Retained Earnings	($3.30B)	($2.80B)	($2.52B)	($3.31B)	($2.41B)	($1.39B)

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$1.07B	$1.07B	$1.81B	$993.00M	$1.20B	($582.00M)
Investing Cash Flow	($704.00M)	($704.00M)	($1.26B)	($768.00M)	($1.45B)	($6.18B)
Financing Cash Flow	($763.00M)	($498.00M)	($713.00M)	($1.28B)	$10.64B	$10.64B
CapEx	$805.00M	$1.30B	$1.26B	$952.00M	$520.00M	$163.00M
Free Cash Flow	$270.00M	($221.00M)	$545.00M	$41.00M	$679.00M	($745.00M)

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	-	-	-	-	-	-
Operating margin	16.2%	20.5%	21.4%	16.1%	15.3%	-12.6%
EBITDA margin	28.5%	32.3%	32.4%	27.2%	27.0%	4.2%
Net margin	-4.4%	-2.5%	6.8%	-8.3%	-10.6%	-50.6%
Free cash flow margin	2.4%	-2.0%	4.7%	0.4%	7.1%	-21.4%
FCF / Net income	-0.54	0.79	0.69	-0.05	-0.67	0.42
R&D / Revenue	-	-	-	-	-	-
SG&A / Revenue	16.8%	17.1%	17.5%	19.1%	18.6%	25.4%
Effective tax rate	-	-	-	-	-	-
Return on assets	-1.6%	-0.9%	2.4%	-2.7%	-2.7%	-4.8%
Return on equity	-14.3%	-6.7%	17.3%	-24.2%	-22.7%	-35.0%
Return on invested capital	9.7%	11.2%	11.6%	8.4%	6.3%	-1.8%
Liquidity
Current ratio	0.80	0.77	0.76	0.79	1.13	2.58
Quick ratio	0.78	0.75	0.74	0.77	1.12	2.56
Cash ratio	0.39	0.38	0.37	0.39	0.20	0.68
Leverage
Debt / Equity	3.33	2.89	2.69	3.41	3.06	2.81
Debt / Assets	0.37	0.37	0.37	0.38	0.36	0.39
Debt / EBITDA	3.56	3.32	3.27	4.30	5.31	96.39
Interest coverage	0.8x	0.9x	1.0x	0.8x	0.6x	-0.4x
Equity multiplier	9.03	7.84	7.33	9.03	8.49	7.25
Liabilities / Assets	0.88	0.87	0.86	0.89	0.88	0.86
Efficiency
Asset turnover	0.36	0.35	0.35	0.32	0.25	0.10
Inventory turnover	-	-	-	-	-	-
Days sales outstanding	15d	15d	19d	21d	18d	36d
Days inventory outstanding	-	-	-	-	-	-
Days payable outstanding	-	-	-	-	-	-
Cash conversion cycle	-	-	-	-	-	-
Valuation
P / E	-	-	12.9x	-	-	-
P / B	1.4x	1.7x	2.2x	2.4x	4.4x	1.9x
P / S	0.4x	0.6x	0.9x	0.8x	2.1x	2.8x
EV / EBITDA	4.8x	5.1x	5.7x	7.0x	12.5x	150.5x
Growth
Revenue growth (YoY)	2.1%	-2.5%	6.5%	13.1%	175.5%	37.4%
Revenue CAGR (3y)	2.0%	5.5%	49.2%	62.4%	67.0%	32.9%
Revenue CAGR (5y)	27.0%	34.8%	41.2%	48.9%	60.4%	36.8%
Gross profit growth (YoY)	-	-	-	-	-	-
Operating income growth (YoY)	-19.4%	-6.8%	42.2%	19.1%	-	-
Net income growth (YoY)	-80.6%	-	-	11.8%	42.0%	-
EPS growth (YoY)	-87.6%	-	-	13.3%	64.2%	-
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	24.4%	-	-	-
FCF growth (YoY)	-	-	1229.3%	-94.0%	-	-
FCF CAGR (5y)	-	-	25.4%	-2.4%	70.3%	-
Book value growth (YoY)	-15.7%	-8.7%	22.6%	-17.1%	-10.7%	349.0%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$11.49B total

Regional$5.76B · 50.1%

Las Vegas$4.05B · 35.2%

Caesars Digital$1.41B · 12.3%

Managed And Branded$279.00M · 2.4%

Product / service

$12.91B total

Casino$6.62B · 51.2%

Hotel Owned$1.95B · 15.1%

Food And Beverage$1.71B · 13.3%

Complimentaries And Loyalty Point Redemptions$1.30B · 10.1%

Product And Service Other$1.21B · 9.4%

Real Estate$128.00M · 1.0%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

0.50

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9

Neutral

✗Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✓Current ratio improved
✓No share dilution
-Gross margin improved
✓Asset turnover improved

Peer comparison

Same SIC group: Hotels & Motels

Company	Revenue (last FY)	Net margin	ROE
H	$7.10B	-0.7%	-1.6%
TNL	$4.02B	5.7%	-23.4%
WH	$1.43B	13.5%	41.2%
CHH	$1.60B	23.2%	204.1%
MAR	$26.19B	9.9%	-69.0%

Comparing Caesars Entertainment against the 5 most active filers in the same SIC group.