Saturday 17 October 2026
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Bally's Corporation
BALY Consumer Cyclical Resorts & Casinos
Bally's Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 8.42% from fiscal 2024. In the quarter to June 2026, revenue grew 20.5%, EPS grew 35.9%, free cash flow fell 279.6% and total debt rose 25.8%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
13.02
0.40
−2.98%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | 16.04 | 8.46 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | — | 18.48 | 22.41 | |||||
| People | |||||||||||||||
| People | Employees | — | — | 4,900 | 4,831 | 5,455 | 9,460 | 10,500 | 10,500 | 10,000 | 11,700 | ||||
| Revenue/emp, $m | 0.00 | 0.00 | 0.09 | 0.11 | 0.07 | 0.14 | 0.21 | 0.23 | 0.25 | 0.23 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 415 | 421 | 438 | 524 | 373 | 1,322 | 2,256 | 2,449 | 2,450 | 2,657 | ||||
| Gross margin, % | 70.22 | 70.21 | 69.09 | 64.63 | 62.80 | 59.54 | 55.26 | 54.87 | 54.17 | 54.84 | |||||
| EBT | 83 | 101 | 98 | 75 | (75) | (119) | (454) | (186) | (553) | (668) | |||||
| EBT margin, % | 20.10 | 24.01 | 22.35 | 14.36 | (20.07) | (9.00) | (20.15) | (7.58) | (22.55) | (25.16) | |||||
| Net income | 45 | 62 | 71 | 55 | (5) | (115) | (426) | (187) | (568) | (717) | |||||
| Depreciation | 29 | 25 | 26 | 35 | 42 | 152 | 311 | 362 | 450 | 483 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 11.08 | 11.54 | 11.84 | 13.89 | 11.90 | 26.64 | 38.82 | 45.90 | 50.56 | 43.87 | ||||
| Earnings | 1.20 | 1.71 | 1.88 | 1.46 | (0.18) | (2.31) | (7.32) | (3.24) | (11.71) | (14.32) | |||||
| Cash flow | 1.89 | 2.96 | 2.96 | 2.50 | 0.62 | 1.67 | 4.66 | 3.54 | 2.35 | (1.51) | |||||
| Capex | (0.27) | (1.31) | (3.30) | (0.75) | (0.49) | (3.28) | (5.25) | (9.41) | (5.10) | (2.58) | |||||
| Free cash flow | 1.62 | 1.64 | (0.34) | 1.75 | 0.13 | (1.61) | (0.59) | (5.88) | (2.75) | (4.09) | |||||
| Book value | 0.00 | 4.85 | 8.09 | 5.61 | 10.43 | 32.55 | 13.87 | 11.92 | 0.64 | 42.02 | |||||
| Shares, m | 37 | 36 | 37 | 38 | 31 | 50 | 58 | 53 | 48 | 61 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | 0.37 | 0.38 | |||||
| P/B | 3.66 | 3.66 | 3.66 | 3.66 | 3.66 | 3.66 | 3.66 | 3.66 | 28.97 | 0.39 | |||||
| EV/Sales | 1.71 | 1.71 | 1.71 | 1.71 | 1.71 | 1.71 | 1.71 | 1.71 | 1.63 | 1.73 | |||||
| EV/FCF | (16.18) | (16.18) | (16.18) | (16.18) | (16.18) | (16.18) | (16.18) | (16.18) | (25.11) | (18.57) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 71 | 108 | 109 | 94 | 20 | 83 | 271 | 189 | 114 | (91) | ||||
| Capex | (10) | (48) | (122) | (28) | (15) | (163) | (305) | (502) | (247) | (156) | |||||
| Free cash flow | 61 | 60 | (13) | 66 | 4 | (80) | (34) | (314) | (133) | (247) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | 18 | 47 | 155 | 146 | (3) | (233) | (302) | (230) | (340) | ||||
| Total debt | — | 391 | 394 | 684 | 1,100 | 3,446 | 3,489 | 3,663 | 3,319 | 4,501 | |||||
| Net debt | — | 298 | 313 | 498 | 973 | 3,171 | 3,223 | 3,347 | 3,088 | 3,594 | |||||
| Shareholders’ equity | — | 177 | 299 | 211 | 327 | 1,616 | 806 | 636 | 31 | 2,545 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 0.00 | 16.68 | 9.61 | 6.11 | (0.37) | (2.70) | (6.62) | (2.85) | (8.93) | (8.20) | ||||
| ROIC | 0.00 | 16.29 | 12.33 | 10.10 | (0.88) | 1.22 | (4.54) | 1.63 | (5.18) | (3.04) | |||||
| ROE | 0.00 | 0.00 | 30.32 | 21.62 | (2.04) | (11.81) | (35.14) | (26.00) | (170.30) | (54.44) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Bally's Corporation vs peers in Resorts & Casinos (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| RRR Red Rock Resorts, Inc. | $5.3B | 17.0× | 34.7× | −3.04% (below 0%: shrinking) | −29.17% (below 0%: shrinking) | −76.90% (below 0%: shrinking) | 61.83% | 26.65% | Compare |
| BYD Boyd Gaming Corporation | $5.2B | 3.1× | 13.2× | +0.04% (above 0%: growing) | −4.89% (below 0%: shrinking) | −235.57% (below 0%: shrinking) | 50.29% | 19.40% | Compare |
| VAC Marriott Vacations Worldwide Corporation | $3.9B | — (loss-making) | 14.5× | +5.94% (above 0%: growing) | +11.62% (above 0%: growing) | +123.53% (above 0%: growing) | 90.83% | 12.20% | Compare |
| HGV Hilton Grand Vacations Inc. | $2.8B | 19.9× | 9.8× | +7.27% (above 0%: growing) | −42.31% (below 0%: shrinking) | +318.52% (above 0%: growing) | 36.75% | 6.70% | Compare |
| MCRI Monarch Casino & Resort, Inc. | $2.1B | 17.8× | 18.6× | +4.15% (above 0%: growing) | +23.81% (above 0%: growing) | −1.37% (below 0%: shrinking) | 55.71% | 27.09% | Compare |
| PENN PENN Entertainment, Inc. | $2.0B | — (loss-making) | 17.8× | +5.24% (above 0%: growing) | n/m | +9,546.15% (above 0%: growing) | 37.18% | 7.09% | Compare |
| MLCO Melco Resorts & Entertainment Limited | $1.6B | 6.9× | 9.9× | −5.72% (below 0%: shrinking) | +50.00% (above 0%: growing) | +513.61% (above 0%: growing) | 34.83% | 10.20% | Compare |
| BALY Bally's Corporation | $677.3M | — (loss-making) | — (loss-making) | +20.49% (above 0%: growing) | n/m | −279.58% (below 0%: shrinking) | 49.46% | (4.29%) | |
| MSC STUDIO CITY IH | $191.7M | — (loss-making) | — (loss-making) | −13.41% (below 0%: shrinking) | n/m | +237.71% (above 0%: growing) | 69.84% | 9.10% | Compare |
| Median of peers | $2.4B | 17.0× | 14.5× | +2.10% | +3.37% | +180.62% | 53.00% | 11.20% |
Bally's Corporation (BALY) key facts
- Strength: Bally's Corporation’s revenue for fiscal 2025 (year ended December 2025) was $2.7 billion, up 8.42% from fiscal 2024.
- Bally's Corporation (BALY) is a Resorts & Casinos company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
- As of October 16, 2026, BALY traded at $13.02, a market capitalization of $677.3 million.
- Return on equity was −54.4% and debt-to-equity 2.08.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.10 (distress zone) for fiscal 2025.