PENN · Penn 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.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | $1.64B | $1.66B | $1.61B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $427.70M | - | $417.90M | $410.30M | $403.00M | - | $392.50M | $388.70M | $388.90M | - |
| Total Operating Expenses | $1.68B | - | $2.49B | $1.69B | $1.63B | - | $1.57B | $1.59B | $1.63B | - |
| D&A | $117.00M | - | $114.20M | $110.50M | $108.00M | - | $108.70M | $109.10M | $108.70M | - |
| Operating Income | $97.10M | - | ($776.40M) | $77.50M | $42.80M | - | $67.50M | $74.50M | ($21.40M) | - |
| Interest Expense | $108.00M | - | $110.40M | $107.60M | $120.60M | - | $123.20M | $117.10M | $120.60M | - |
| Income Tax | $8.70M | - | $5.30M | $6.40M | $47.70M | - | $2.80M | ($3.20M) | ($12.60M) | - |
| Net Income | ($2.30M) | - | ($864.60M) | ($17.40M) | $111.80M | - | ($36.70M) | ($26.80M) | ($114.70M) | - |
| EPS - Basic | ($0.02) | - | ($6.03) | ($0.12) | $0.73 | - | ($0.24) | ($0.18) | ($0.76) | - |
| EPS - Diluted | ($0.02) | - | ($6.03) | ($0.12) | $0.68 | - | ($0.24) | ($0.18) | ($0.76) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $708.00M | $686.60M | $660.10M | $671.60M | $591.60M | $706.60M | $834.00M | $877.60M | $903.60M | $1.07B |
| Accounts Receivable | $241.00M | $254.20M | $231.00M | $252.10M | $253.30M | $256.80M | $239.70M | $251.90M | $282.30M | $319.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $71.00M | $54.20M | $69.70M | $64.80M | $65.60M | $50.80M | $66.70M | $46.10M | $38.20M | $36.60M |
| Current Assets | $1.16B | $1.17B | $1.09B | $1.10B | $1.02B | $1.15B | $1.28B | $1.33B | $1.39B | $1.66B |
| Total Assets | $14.12B | $14.27B | $14.31B | $15.21B | $15.09B | $15.26B | $15.51B | $15.54B | $15.61B | $16.06B |
| Current Liabilities | $1.42B | $1.48B | $1.44B | $1.39B | $1.37B | $1.42B | $1.36B | $1.30B | $1.34B | $1.49B |
| Long-term Debt | $2.89B | $2.85B | $2.80B | $2.76B | $2.58B | $2.73B | $2.73B | $2.72B | $2.72B | $2.72B |
| Total Liabilities | $12.30B | $12.44B | $12.36B | $12.22B | $12.12B | $12.40B | $12.45B | $12.49B | $12.54B | $12.86B |
| Stockholders' Equity | $1.83B | $1.83B | $1.96B | $2.99B | $2.97B | $2.86B | $3.06B | $3.06B | $3.07B | $3.20B |
| Retained Earnings | ($1.49B) | ($1.49B) | ($1.42B) | ($552.60M) | ($535.20M) | ($647.00M) | ($513.70M) | ($477.00M) | ($450.20M) | ($335.50M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $122.40M | - | - | - | $41.90M | - | - | - | ($68.70M) | - |
| Investing Cash Flow | ($84.70M) | - | - | - | ($135.90M) | - | - | - | ($47.30M) | - |
| Financing Cash Flow | ($7.00M) | - | - | - | ($16.20M) | - | - | - | ($50.10M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | 4.1% | 4.5% | -1.3% | - |
| EBITDA margin | - | - | - | - | - | - | 10.7% | 11.0% | 5.4% | - |
| Net margin | - | - | - | - | - | - | -2.2% | -1.6% | -7.1% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | 23.9% | 23.4% | 24.2% | - |
| Effective tax rate | 135.9% | - | - | - | 29.9% | - | - | - | - | - |
| Return on assets | -0.0% | - | -6.0% | -0.1% | 0.7% | - | -0.2% | -0.2% | -0.7% | - |
| Return on equity | -0.1% | - | -44.1% | -0.6% | 3.8% | - | -1.2% | -0.9% | -3.7% | - |
| Return on invested capital | 1.0% | - | -12.9% | 1.1% | 0.5% | - | 0.9% | 1.0% | -0.3% | - |
| Liquidity | ||||||||||
| Current ratio | 0.82 | 0.79 | 0.75 | 0.79 | 0.74 | 0.82 | 0.94 | 1.03 | 1.04 | 1.11 |
| Quick ratio | 0.82 | 0.79 | 0.75 | 0.79 | 0.74 | 0.82 | 0.94 | 1.03 | 1.04 | 1.11 |
| Cash ratio | 0.50 | 0.47 | 0.46 | 0.48 | 0.43 | 0.50 | 0.61 | 0.68 | 0.68 | 0.72 |
| Leverage | ||||||||||
| Debt / Equity | 1.58 | 1.55 | 1.43 | 0.92 | 0.87 | 0.95 | 0.89 | 0.89 | 0.88 | 0.85 |
| Debt / Assets | 0.20 | 0.20 | 0.20 | 0.18 | 0.17 | 0.18 | 0.18 | 0.18 | 0.17 | 0.17 |
| Debt / EBITDA | 13.48 | - | - | 14.69 | 17.13 | - | 15.48 | 14.83 | 31.14 | - |
| Interest coverage | 0.9x | - | -7.0x | 0.7x | 0.4x | - | 0.5x | 0.6x | -0.2x | - |
| Equity multiplier | 7.72 | 7.78 | 7.31 | 5.09 | 5.07 | 5.33 | 5.06 | 5.08 | 5.08 | 5.02 |
| Liabilities / Assets | 0.87 | 0.87 | 0.86 | 0.80 | 0.80 | 0.81 | 0.80 | 0.80 | 0.80 | 0.80 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | 0.11 | 0.11 | 0.10 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | 53d | 55d | 64d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | 24.0x | - | - | - | - | - |
| P / B | 1.1x | - | 1.4x | 0.9x | 0.9x | - | 0.9x | 1.0x | 0.9x | - |
| P / S | - | - | - | - | - | - | 1.8x | 1.8x | 1.7x | - |
| EV / EBITDA | 19.5x | - | - | 25.3x | 31.3x | - | 27.0x | 26.1x | 52.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | 1.2% | -0.7% | -4.0% | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | 2.7% | 2.5% | 8.0% | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | 3.9% | 4.7% | 4.6% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 126.9% | - | - | 4.0% | - | - | - | -63.7% | - | - |
| Net income growth (YoY) | - | - | -2255.9% | 35.1% | - | - | 94.9% | - | - | - |
| EPS growth (YoY) | - | - | -2412.5% | 33.3% | - | - | 95.0% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | 32.9% | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -38.5% | -35.9% | -36.1% | -2.2% | -3.3% | -10.6% | -12.0% | -27.4% | -26.4% | -11.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$6.37B totalNortheast Segment$2.74B · 43.0%
South Segment$1.22B · 19.1%
Midwest Segment$1.17B · 18.4%
Interactive Segment$718.80M · 11.3%
West Segment$528.50M · 8.3%
Product / service
$6.79B totalCasino$4.91B · 72.3%
Food Beverage Hotel And Other$1.46B · 21.5%
Food And Beverage$144.00M · 2.1%
Advertising$105.80M · 1.6%
Product And Service Other$87.70M · 1.3%
Occupancy$55.30M · 0.8%
Retail$29.80M · 0.4%
Peer comparison
Same SIC group: Hotels & Motels
Comparing PENN Entertainment against the 5 most active filers in the same SIC group.