Caesars Entertainment
CZR Nasdaq· Casinos & Gaming
Last close · Oct 26, 2026
$28.99
KIRA · Stoqly’s AI analyst, in plain words
- Caesars Entertainment had $11.5B of revenue in fiscal 2025, up 2.1% on the year before. Over five years, revenue changed +25.9% a year on average.
- Its operating margin was 16.2%, down 4.3 pts: of every 100 in sales, about 16 is left after running the business.
- Caesars Entertainment lost $502M in fiscal 2025.
- Free cash flow was $497M in fiscal 2025, 4.3% of revenue.
- Caesars Entertainment returned $229M to shareholders in fiscal 2025, 46% of free cash flow. The diluted share count fell 3.3%.
- Caesars Entertainment owes $11.2B more than it holds in cash, about 3.4 years of operating profit.
Market cap
$5.9B
P/E
—
Revenue
$11.5B
Net income
−$502M
Free cash flow
$497M
Operating margin
16.2%
Caesars Entertainment in 30 seconds · fiscal 2025
Are sales growing?
+2.1%
Only a little. Sales grew 2.1% last year.
Does it make a profit?
−4.4%
No. It lost money last year.
Does profit turn into cash?
4.3%
Partly. 4.3% of sales ends up as free cash.
Is debt under control?
3.4x
Heavy. Repaying its debt would take 3.4 years of operating profit.
How healthy are the accounts?
6 / 8
Mixed. It passes 6 of 8 health tests.
What Caesars Entertainment does
Caesars Entertainment owns, leases or manages casino resorts and runs online betting and gaming. It says it has 52 properties in 18 states, and it offers sports betting in 34 jurisdictions in North America and online casino games in five. Its apps include Caesars Sportsbook, Caesars Racebook, Caesars Palace Online Casino and Horseshoe Online Casino. It also draws customers with hotels, restaurants, bars, entertainment, racing and shops. Gaming is its main source of revenue. Casino operations, which include slot machines, table games and retail and online sports betting and iGaming, brought in approximately 58% of net revenues in 2025. Hotel stays brought in approximately 17%, and food and beverage approximately 15%. The company expects its Caesars Digital segment to grow as more states allow online betting. Caesars says its business is highly competitive. It competes with other casinos near its properties, tribal casinos, online operators, lotteries and other entertainment.
Biggest risks, in its own words
- Strong competition from other casinos, online operators and other forms of gaming and entertainment.
- Weaker customer spending on leisure when the economy turns down.
- Large debt and rent payments that use up much of its cash flow, and leases that could be ended if it defaults.
- Strict gaming regulation and taxes, and its growth in online betting depending on new states legalizing it.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 17, 2026
- Legal name
- Caesars Entertainment, Inc.
- CIK
- 0001590895
Caesars Entertainment · CZR
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $9.6B | $10.8B | $11.5B | $11.2B | $11.5B |
| Revenue growth | 163.8% | 13.1% | 6.5% | −2.5% | 2.1% |
| Operating margin | 15.3% | 16.1% | 21.4% | 20.5% | 16.2% |
| Net income | −$1.0B | −$899M | $786M | −$278M | −$502M |
| Net margin | −10.7% | −8.3% | 6.8% | −2.5% | −4.4% |
| Diluted EPS | −$4.83 | −$4.19 | $3.64 | −$1.29 | −$2.42 |
| Cash | |||||
| Cash from operations | $1.2B | $993M | $1.8B | $1.1B | $1.3B |
| Capital expenditure | $520M | $952M | $1.3B | $1.3B | $805M |
| Free cash flow | $679M | $41.0M | $545M | −$221M | $497M |
| FCF margin | 7.1% | 0.4% | 4.7% | −2.0% | 4.3% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $191M | $229M |
| Share count change | 62.3% | 1.4% | 0.9% | −0.5% | −3.3% |
| Debt and strength | |||||
| Cash and short-term investments | $1.1B | $1.0B | $1.0B | $866M | $887M |
| Debt incl. finance leases | $14.4B | $13.2B | $12.5B | $12.4B | $12.1B |
| Shareholders' equity | $4.5B | $3.7B | $4.6B | $4.2B | $3.5B |
| Net debt / EBITDA | 5.1x | 4.1x | 3.1x | 3.2x | 3.4x |
| Current ratio | 1.1x | 0.8x | 0.8x | 0.8x | 0.8x |
| Interest coverage | 0.6x | 0.8x | 1.0x | 1.0x | 0.8x |
| Returns and quality | |||||
| Return on capital | 6.4% | 8.2% | 12.2% | 11.3% | 9.6% |
| Return on equity | −21.5% | −22.0% | 19.0% | −6.4% | −13.1% |
| Piotroski F-score | 4 | 5 | 5 | 4 | 6 |
| Altman Z'' | 0.3 | 0.1 | 0.3 | 0.3 | 0.1 |
Insiders bought, 12 months
$0.0M
1 insider
Insiders sold, 12 months
$18.4M
6 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Caesars Entertainment · CZR
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Caesars Entertainment CZR | $5.9B | 2.1% | 16.2% | 4.3% | 9.6% | — | 6 |
| Las Vegas Sands LVS | $23.4B | 15.2% | 21.7% | 14.3% | 17.5% | 15.0x | 7 |
| Flutter Entertainment FLUT | $14.0B | 16.6% | 0.2% | 6.6% | 0.2% | — | 5 |
| MGM Resorts MGM | $7.4B | 1.7% | 5.7% | 8.3% | 12.8% | 17.6x | 6 |
| Wynn Resorts WYNN | $7.6B | 0.1% | 15.7% | 9.7% | 11.6% | 17.8x | 5 |
KIRA
At $28.99 a share, the company is worth $5.9B.
Caesars Entertainment grew sales faster than 2 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001590895). Data updated October 11, 2026. For information only — not investment advice. Check the original filings before relying on any figure.