Caesars Entertainment, Inc. CZR

Consumer discretionary SIC 7011 - Hotels & Motels NAICS Accommodation and Food Services › Accommodation › Traveler Accommodation derived Nasdaq

We are a geographically diversified gaming and hospitality company that was founded in 1973 by the Carano family with the opening of the Eldorado Hotel Casino in Reno, Nevada. Beginning in 2005, we grew through a series of acquisitions, including the acquisition of MTR Gaming Group, Inc. in 2014, Isle of Capri Casinos, Inc. in 2017, Tropicana Entertainment, Inc. in 2018, Caesars Entertainment Corporation in 2020, and William Hill PLC in 2021. Our ticker symbol on the NASDAQ Stock Market is "CZR."

Our primary source of revenue is generated by our gaming operations, which includes our casino properties, retail and online sports betting and online gaming. Additionally, we utilize our hotels, restaurants, bars, entertainment, racing, retail shops and other services to attract customers to our properties.

Last close 28.80 2026-10-23
Market cap $5.87B 2026-06-30 share count
52-week range 17.86 - 30.88

Valuation FY2025 figures against the last close

P/S0.5x
P/E—
P/FCF11.8x
EV/EBITDA5.1x
Dividend yield—
Diluted EPS-2.42

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $11.49B$11.24B$11.53B$10.82B$9.57B$3.63B$2.53B$2.06B$1.48B$900.5M
SG&A $1.93B$1.92B$2.01B$2.07B$1.78B$902.0M$503.0M$381.0M$241.0M$130.7M
Total operating expenses $9.63B$8.94B$9.06B$9.08B$8.11B$4.01B$2.12B$1.75B$1.31B$801.7M
Operating income $1.86B$2.30B$2.47B$1.74B$1.46B-$383.0M$410.0M$310.0M$94.8M$88.7M
Interest expense $2.33B$2.44B$2.39B$2.30B$2.32B$1.21B$286.0M$172.0M$99.8M$50.9M
Pre-tax income -$448.0M-$124.0M-$60.0M-$565.0M-$1.27B-$1.61B$125.0M$135.0M-$43.4M$37.6M
Income tax $11.0M$87.0M$888.0M$41.0M$283.0M$132.0M$44.0M$40.0M$116.8M$13.1M
Net income -$437.0M-$211.0M$828.0M-$910.0M-$1.02B-$1.76B$81.0M$95.0M$73.4M$24.5M
EPS, basic -2.42-1.293.65-4.19-4.83-13.501.041.231.090.52
EPS, diluted -2.42-1.293.64-4.19-4.83-13.501.031.221.080.51
Shares, diluted (wtd. avg.) 208.0M215.0M216.0M214.0M211.0M130.0M79.0M78.0M68.1M47.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $887.0M$866.0M$1.00B$1.04B$1.07B$1.78B$206.0M$231.0M$134.6M$61.0M
Short-term investments ——————$34.6M$17.0M$17.6M—
Receivables $476.0M$470.0M$608.0M$611.0M$472.0M$342.0M$54.0M$60.2M$45.8M$14.7M
Inventory $43.0M$45.0M$46.0M$59.0M$42.0M$44.0M$18.0M$20.6M$16.9M$11.1M
Total current assets $1.80B$1.75B$2.04B$2.10B$5.96B$6.06B$605.0M$573.2M$251.0M$101.8M
Property, plant and equipment —————$14.33B$2.62B$2.88B$1.50B$612.3M
Goodwill $10.44B$10.60B$10.99B$11.00B$11.08B$9.86B$910.0M$1.01B$747.1M$66.8M
Other intangibles $3.98B$4.13B$4.52B$4.71B$4.92B$4.28B$1.11B$1.36B$996.8M$487.5M
Total assets $31.64B$32.59B$33.37B$33.53B$38.03B$36.38B$5.64B$5.91B$3.55B$1.29B
Accounts payable $297.0M$296.0M$408.0M$314.0M$254.0M$167.0M$62.0M$58.5M$34.8M$21.6M
Short-term debt $114.0M$109.0M$65.0M$108.0M$70.0M$67.0M$246.0M$462.0K$615.0K$4.5M
Total current liabilities $2.25B$2.27B$2.69B$2.67B$5.30B$2.51B$688.0M$402.2M$223.8M$102.0M
Long-term debt $11.67B$12.03B$12.22B$12.66B$13.72B$14.07B$2.33B$3.26B$2.19B$795.9M
Total liabilities $27.95B$28.21B$28.65B$29.78B$33.49B$31.35B$4.52B$4.88B$2.60B$995.6M
Retained earnings -$3.30B-$2.80B-$2.52B-$3.31B-$2.41B-$1.39B$366.0M$290.2M$195.0M$124.6M
Total equity $3.50B$4.16B$4.72B$3.75B$4.54B$5.03B$1.12B$1.03B$942.0M$296.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.30B$1.07B$1.81B$993.0M$1.20B-$561.0M$313.0M$323.0M$129.9M$95.4M
Depreciation and amortisation $1.42B$1.32B$1.26B$1.21B$1.13B$583.0M$222.0M$157.0M——
Capital expenditure $805.0M$1.30B$1.26B$952.0M$520.0M$164.0M$171.0M$147.0M$83.2M$43.2M
Investing cash flow -$571.0M-$704.0M-$1.26B-$768.0M-$1.45B-$6.10B$369.0M-$1.27B-$1.40B-$41.8M
Financing cash flow -$763.0M-$498.0M-$713.0M-$1.28B-$1.14B$10.64B-$712.0M$1.04B$1.35B-$73.7M
Buybacks $229.0M$191.0M$0$0—$0$0$9.0M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-174058.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -5B 0 5B 10B 15B Revenue, FY2016: 900.5M Net income, FY2016: 24.5M Revenue, FY2017: 1.5B Net income, FY2017: 73.4M Revenue, FY2018: 2.1B Net income, FY2018: 95M Revenue, FY2019: 2.5B Net income, FY2019: 81M Revenue, FY2020: 3.6B Net income, FY2020: -1.8B Revenue, FY2021: 9.6B Net income, FY2021: -1B Revenue, FY2022: 10.8B Net income, FY2022: -910M Revenue, FY2023: 11.5B Net income, FY2023: 828M Revenue, FY2024: 11.2B Net income, FY2024: -211M Revenue, FY2025: 11.5B Net income, FY2025: -437M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $900.5M $1.48B $2.06B $2.53B $3.63B $9.57B $10.82B $11.53B $11.24B $11.49B
Gross profit — — — — — — — — — —
Net income $24.5M $73.4M $95.0M $81.0M -$1.76B -$1.02B -$910.0M $828.0M -$211.0M -$437.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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