PENN Entertainment, Inc. (PENN)
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates a portfolio of casinos, racetracks, and online sports betting; online gaming portfolio, such as theScore Bet, an online sportsbook; theScore Casino, a stand-alone iCasino website and app; Hollywood Casino, an iCasino and theScore Bet website and app; PENN Game Studios, its in-house iCasino and social gaming content studio; and PENN Play, a customer loyalty program. The company also engages in gaming operations, including slot machines and table games; food and beverage offerings; and hotel visitation. It offers its products under the Ameristar, Argosy, Boomtown, Hollywood Casino, Hollywood Gaming, L'Auberge, M Resort, PENN Entertainment, and PENN Play, as well as theScore, theScore Bet, and theScore esports brands. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
- Symbol
- PENN
- Exchange
- Nasdaq
- Sector
- Consumer Cyclical
- Industry
- Resorts & Casinos
- Market cap
- $2.13B
- 52 week range
- 11.65 - 22.36
Valuation
- Share price
- $15.56 (close of 2026-09-23)
- P/E (TTM)
- -2.56x
- Price to book
- 1.15x
- Price to free cash flow
- 3.26x
- Enterprise value
- $12.30B
- Book value per share
- $13.87
Price performance
| Period | Change |
|---|
| 1 day | -3.53% |
| 5 days | -12.29% |
| 1 month | -16.57% |
| 3 months | -24.10% |
| 6 months | +7.76% |
| Year to date | +5.49% |
| 1 year | -21.18% |
| 3 years | -30.41% |
| 5 years | -79.42% |
| 10 years | +16.99% |
| All time | +8089.47% |
Profitability and growth
- Return on equity
- -46.13%
- Return on invested capital
- -5.43%
- Return on assets
- -5.91%
- Return on capital employed
- -5.27%
- Gross margin
- 18.94%
- Net margin
- -12.11%
- EBITDA margin
- -3.26%
- Revenue growth
- 5.82%
- Net income growth
- -170.66%
- Free cash flow growth
- 41.44%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 30.63%
- Current ratio
- 0.89x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $6.96B
- Cost of revenue
- $5.64B
- Gross profit
- $1.32B
- EBITDA
- $-226.70M
- Net income
- $-843.10M
- Earnings per share
- $-5.83
- Shares outstanding
- 144.60M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $6.96B | $1.32B | $-843.10M | $-5.83 |
| 2024-12-31 | $6.58B | $2.10B | $-311.50M | $-2.05 |
| 2023-12-31 | $6.36B | $1.05B | $-490.00M | $-3.22 |
| 2022-12-31 | $6.40B | $2.18B | $222.10M | $1.37 |
| 2021-12-31 | $5.91B | $2.50B | $420.80M | $2.64 |
| 2020-12-31 | $3.58B | $757.30M | $-669.50M | $-5.00 |
| 2019-12-31 | $5.30B | $1.82B | $43.90M | $0.38 |
| 2018-12-31 | $3.59B | $1.25B | $93.50M | $0.96 |
| 2017-12-31 | $3.33B | $960.20M | $473.40M | $5.21 |
| 2016-12-31 | $3.21B | $1.01B | $109.31M | $1.21 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 18.94% | -12.11% | -46.13% | -5.43% |
| 2024-12-31 | 31.88% | -4.74% | -10.90% | 0.54% |
| 2023-12-31 | 16.45% | -7.70% | -15.31% | -4.99% |
| 2022-12-31 | 34.04% | 3.47% | 6.18% | 6.55% |
| 2021-12-31 | 42.35% | 7.13% | 10.27% | 9.66% |
| 2020-12-31 | 21.16% | -18.71% | -25.21% | -3.13% |
| 2019-12-31 | 34.31% | 0.83% | 2.37% | 6.15% |
| 2018-12-31 | 34.92% | 2.61% | 12.79% | 23.80% |
| 2017-12-31 | 28.82% | 14.21% | -645.84% | 49.58% |
| 2016-12-31 | 31.33% | 3.41% | -20.12% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $686.60M | $2.85B |
| 2024-12-31 | $706.60M | $2.73B |
| 2023-12-31 | $1.07B | $2.72B |
| 2022-12-31 | $1.62B | $2.72B |
| 2021-12-31 | $1.86B | $2.64B |
| 2020-12-31 | $1.85B | $2.23B |
| 2019-12-31 | $437.40M | $2.32B |
| 2019-01-01 | $479.60M | $2.35B |
| 2018-12-31 | $479.60M | $2.35B |
| 2017-12-31 | $277.90M | $1.21B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $508.20M | $60.90M |
| 2024-12-31 | $359.30M | $52.90M |
| 2023-12-31 | $455.90M | $85.90M |
| 2022-12-31 | $614.80M | $58.10M |
| 2021-12-31 | $652.00M | $35.10M |
| 2020-12-31 | $201.80M | $14.50M |
| 2019-12-31 | $513.30M | $14.90M |
| 2018-12-31 | $260.20M | $12.00M |
| 2017-12-31 | $378.50M | $7.80M |
| 2016-12-31 | $310.71M | $6.87M |
Dividend history
- Most recent payment
- 2017-06-14
| Payment date | Dividend per share |
|---|
| 2017-06-14 | $0.62 |
| 2017-03-09 | $0.62 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-05
- Consensus EPS estimate
- $0.21
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-06 | Jun/2026 | $0.35 |
| 2026-04-23 | - | - |
| 2026-02-26 | - | - |
| 2025-11-06 | - | - |
| 2025-08-07 | - | - |
| 2025-05-08 | - | - |
| 2025-02-27 | - | - |
| 2024-11-07 | - | - |
Filings and sources
- Company website
- pennentertainment.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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