Caesars Entertainment, Inc. (CZR)
Caesars Entertainment, Inc. operates as a gaming and hospitality company. It owns, leases, brands, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. The company also operates and conducts online gaming, retail and online sports wagering across 42 jurisdictions in North America, and iGaming in five jurisdictions in North America; sports betting from retail and online sportsbooks; and other games, such as keno. In addition, it operates casinos, dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. In addition, the company operates as a real estate leasing company, that constructs and develops the Grand Bazaar. The company was founded in 1937 and is based in Reno, Nevada.
- Symbol
- CZR
- Exchange
- Nasdaq
- Sector
- Consumer Cyclical
- Industry
- Resorts & Casinos
- Market cap
- $6.05B
- 52 week range
- 17.86 - 30.88
Valuation
- Share price
- $29.65 (close of 2026-10-02)
- P/E (TTM)
- -13.06x
- Price to book
- 1.70x
- Price to free cash flow
- 9.92x
- Enterprise value
- $29.94B
- Book value per share
- $17.41
Price performance
| Period | Change |
|---|---|
| 1 day | +0.10% |
| 5 days | +0.20% |
| 1 month | -0.13% |
| 3 months | -2.44% |
| 6 months | +11.76% |
| Year to date | +26.76% |
| 1 year | +10.22% |
| 3 years | -36.73% |
| 5 years | -75.19% |
| 10 years | +110.88% |
| All time | +581.61% |
Members of Congress who disclosed CZR trades
Super investors holding CZR
Carl Icahn (Icahn Capital Management) · Ken Griffin (Citadel) · George Soros (Soros Fund Mgmt)
Profitability and growth
- Return on equity
- -13.62%
- Return on invested capital
- 6.71%
- Return on assets
- -1.59%
- Return on capital employed
- 6.32%
- Gross margin
- 32.94%
- Net margin
- -4.37%
- EBITDA margin
- 28.51%
- Revenue growth
- 2.14%
- Net income growth
- -80.58%
- Free cash flow growth
- 324.89%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 10.08%
- Current ratio
- 0.85x
- Net debt to EBITDA
- 7.31x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $11.49B
- Cost of revenue
- $7.70B
- Gross profit
- $3.78B
- EBITDA
- $3.27B
- Net income
- -$502.00M
- Earnings per share
- $-2.42
- Interest expense
- $2.33B
- Shares outstanding
- 208.00M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $11.49B | $3.78B | -$502.00M | $-2.42 |
| 2024-12-31 | $11.24B | $4.22B | -$278.00M | $-1.29 |
| 2023-12-31 | $11.53B | $4.48B | $786.00M | $3.65 |
| 2022-12-31 | $10.82B | $3.81B | -$899.00M | $-4.19 |
| 2021-12-31 | $9.57B | $3.24B | -$1.02B | $-4.83 |
| 2020-12-31 | $3.63B | $519.00M | -$1.76B | $-13.50 |
| 2019-12-31 | $2.53B | $1.04B | $81.00M | $1.04 |
| 2018-12-31 | $2.06B | $797.16M | $95.00M | $1.23 |
| 2017-12-31 | $1.48B | $419.02M | $73.38M | $1.09 |
| 2016-12-31 | $900.47M | $260.31M | $24.53M | $0.52 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 32.94% | -4.37% | -13.62% | 6.71% |
| 2024-12-31 | 37.56% | -2.47% | -6.35% | 7.76% |
| 2023-12-31 | 38.90% | 6.82% | 16.65% | 8.59% |
| 2022-12-31 | 35.18% | -8.31% | -23.97% | 6.18% |
| 2021-12-31 | 33.88% | -10.65% | -22.44% | 4.79% |
| 2020-12-31 | 14.31% | -48.43% | -34.90% | -1.27% |
| 2019-12-31 | 41.23% | 3.20% | 7.25% | 7.87% |
| 2018-12-31 | 38.77% | 4.62% | 9.23% | 6.65% |
| 2017-12-31 | 28.30% | 4.96% | 7.79% | 3.16% |
| 2016-12-31 | 28.91% | 2.72% | 8.22% | 7.28% |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $887.00M | $11.67B |
| 2024-12-31 | $866.00M | $12.03B |
| 2023-12-31 | $1.00B | $12.22B |
| 2022-12-31 | $1.04B | $12.66B |
| 2021-12-31 | $1.07B | $13.72B |
| 2020-12-31 | $1.78B | $14.07B |
| 2019-12-31 | $206.00M | $2.33B |
| 2018-12-31 | $231.00M | $3.26B |
| 2017-12-31 | $134.60M | $2.19B |
| 2016-12-31 | $61.03M | $795.88M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $497.00M | $95.00M |
| 2024-12-31 | -$221.00M | $94.00M |
| 2023-12-31 | $545.00M | $104.00M |
| 2022-12-31 | $41.00M | $101.00M |
| 2021-12-31 | $679.00M | $82.00M |
| 2020-12-31 | -$725.00M | $79.00M |
| 2019-12-31 | $141.53M | $20.00M |
| 2018-12-31 | $176.28M | $13.00M |
| 2017-12-31 | $46.73M | $6.32M |
| 2016-12-31 | $52.20M | $3.34M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $-0.07
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-28 | Jun/2026 | $0.04 |
| 2026-04-28 | Mar/2026 | $-0.19 |
| 2026-02-17 | Dec/2025 | $-0.18 |
| 2025-10-28 | Sep/2025 | $-0.11 |
| 2025-07-29 | Jun/2025 | $0.07 |
| 2025-04-29 | Mar/2025 | $-0.19 |
| 2025-02-25 | Dec/2024 | $-0.15 |
| 2025-02-18 | - | - |
Filings and sources
- Company website
- caesars.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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All Consumer Cyclical companies
Understanding these figures
Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart
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