Saturday 10 October 2026
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Caesars Entertainment, Inc.
CZR Consumer Cyclical Resorts & Casinos
Caesars Entertainment, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.5 billion, up 2.14% from fiscal 2024. In the quarter to June 2026, revenue grew 2.96%, EPS grew 23.1%, free cash flow grew 29.8% and total debt fell 47.3%, each against the same quarter a year earlier.
29.50
0.02
−0.07%
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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 | 8.94 | 14.90 | 29.16 | 34.64 | 6.02 | 66.34 | 31.31 | 38.33 | 31.74 | 18.25 |
Analyst estimates 2026–2028 Powerpack |
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| High | 17.00 | 34.03 | 50.64 | 59.92 | 78.16 | 119.81 | 97.39 | 60.27 | 48.57 | 40.00 | |||||
| People | |||||||||||||||
| People | Employees | 7,400 | 12,500 | 18,700 | 15,500 | 21,000 | 23,000 | 21,000 | 24,000 | 22,000 | 21,000 | ||||
| Revenue/emp, $m | 0.12 | 0.12 | 0.11 | 0.16 | 0.17 | 0.42 | 0.52 | 0.48 | 0.51 | 0.55 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 900 | 1,481 | 2,056 | 2,528 | 3,628 | 9,570 | 10,821 | 11,528 | 11,245 | 11,486 | ||||
| Gross margin, % | 42.69 | 47.22 | 46.89 | 50.83 | 52.98 | 55.34 | 53.89 | 56.97 | 55.33 | 53.66 | |||||
| EBT | 38 | (43) | 135 | 125 | (1,606) | (1,269) | (565) | (60) | (124) | (448) | |||||
| EBT margin, % | 4.18 | (2.93) | 6.57 | 4.94 | (44.27) | (13.26) | (5.22) | (0.52) | (1.10) | (3.90) | |||||
| Net income | 25 | 73 | 95 | 81 | (1,758) | (1,016) | (910) | 828 | (211) | (437) | |||||
| Depreciation | 67 | 150 | 180 | 244 | 968 | 1,614 | 1,664 | 1,607 | 1,831 | 1,801 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 19.15 | 22.06 | 26.70 | 32.41 | 27.91 | 45.36 | 50.57 | 53.62 | 52.30 | 55.22 | ||||
| Earnings | 0.53 | 1.10 | 1.23 | 1.04 | (13.50) | (4.83) | (4.20) | 3.65 | (1.29) | (2.42) | |||||
| Cash flow | 2.03 | 1.93 | 4.19 | 4.01 | (4.32) | 5.68 | 4.64 | 8.41 | 5.00 | 6.26 | |||||
| Capex | (0.88) | (1.24) | (1.90) | 4.68 | 1.28 | (0.50) | (4.32) | (6.01) | (3.52) | (2.84) | |||||
| Free cash flow | 1.14 | 0.70 | 2.30 | 8.69 | (3.03) | 5.18 | 0.32 | 2.40 | 1.48 | 3.42 | |||||
| Book value | 6.35 | 14.03 | 13.37 | 14.32 | 38.72 | 21.52 | 17.53 | 21.95 | 20.35 | 17.72 | |||||
| Shares, m | 47 | 67 | 77 | 78 | 130 | 211 | 214 | 215 | 215 | 208 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 32.46 | 35.97 | 29.20 | 57.35 | 0.00 | 0.00 | 0.00 | 13.13 | 0.00 | 0.00 | ||||
| P/S | 0.89 | 1.43 | 1.36 | 1.84 | 2.66 | 2.06 | 0.84 | 0.89 | 0.64 | 0.42 | |||||
| P/B | 2.69 | 2.26 | 2.71 | 4.16 | 1.92 | 4.35 | 2.41 | 2.18 | 1.64 | 1.32 | |||||
| EV/Sales | 1.71 | 2.81 | 3.28 | 2.77 | 5.51 | 3.36 | 1.91 | 1.86 | 1.63 | 1.49 | |||||
| EV/FCF | 28.63 | 88.76 | 38.06 | 10.34 | (55.70) | 29.40 | 711.78 | 41.54 | 60.61 | 24.57 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 95 | 130 | 323 | 313 | (561) | 1,199 | 993 | 1,809 | 1,075 | 1,302 | ||||
| Capex | (42) | (83) | (146) | 365 | 167 | (106) | (924) | (1,293) | (757) | (591) | |||||
| Free cash flow | 54 | 47 | 177 | 678 | (394) | 1,093 | 69 | 516 | 318 | 711 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 0 | 27 | 171 | (83) | 3,550 | 667 | (566) | (645) | (525) | (450) | ||||
| Total debt | 800 | 2,190 | 4,222 | 2,571 | 14,140 | 13,792 | 12,767 | 12,289 | 12,142 | 11,784 | |||||
| Net debt | 737 | 2,035 | 3,949 | 2,361 | 10,343 | 12,403 | 11,598 | 11,162 | 11,181 | 10,812 | |||||
| Shareholders’ equity | 298 | 942 | 1,029 | 1,117 | 5,034 | 4,541 | 3,751 | 4,720 | 4,376 | 3,686 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 1.87 | 3.03 | 2.01 | 1.40 | (8.36) | (2.74) | (2.51) | 2.35 | (0.84) | (1.56) | ||||
| ROIC | 5.35 | 1.99 | 3.89 | 7.37 | (1.56) | 5.39 | 7.08 | 9.73 | 9.26 | 8.01 | |||||
| ROE | 8.62 | 11.84 | 9.64 | 7.55 | (57.13) | (21.28) | (21.68) | 18.56 | (6.11) | (12.45) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Caesars Entertainment, Inc. 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 |
|---|---|---|---|---|---|---|---|---|---|
| WYNN Wynn Resorts, Limited | $7.8B | 17.2× | 22.7× | +6.86% (above 0%: growing) | +114.06% (above 0%: growing) | +41.56% (above 0%: growing) | 40.87% | 16.03% | Compare |
| MGM MGM Resorts International | $7.6B | 17.4× | 22.8× | +1.05% (above 0%: growing) | +522.22% (above 0%: growing) | +118.40% (above 0%: growing) | 44.47% | 11.32% | Compare |
| CZR Caesars Entertainment, Inc. | $6.0B | — (loss-making) | — (loss-making) | +2.96% (above 0%: growing) | n/m | +29.79% (above 0%: growing) | 53.26% | 17.14% | |
| RRR Red Rock Resorts, Inc. | $5.3B | 17.1× | 34.7× | −3.04% (below 0%: shrinking) | −29.17% (below 0%: shrinking) | −76.90% (below 0%: shrinking) | 61.83% | 26.65% | Compare |
| MTN Vail Resorts, Inc. | $5.2B | 37.7× | 19.3× | +2.50% (above 0%: growing) | n/m | +29.42% (above 0%: growing) | (8.85%) | (75.09%) | Compare |
| BYD Boyd Gaming Corporation | $5.1B | 3.0× | 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 | $3.6B | — (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. | $2.7B | 19.4× | 9.8× | +7.27% (above 0%: growing) | −42.31% (below 0%: shrinking) | +318.52% (above 0%: growing) | 36.75% | 6.70% | Compare |
| PENN PENN Entertainment, Inc. | $2.1B | — (loss-making) | 17.8× | +5.24% (above 0%: growing) | n/m | +9,546.15% (above 0%: growing) | 37.18% | 7.09% | Compare |
| Median of peers | $5.2B | 17.3× | 18.6× | +3.87% | +3.37% | +79.98% | 42.67% | 11.76% |
Caesars Entertainment, Inc. (CZR) key facts
- Strength: Caesars Entertainment, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $11.5 billion, up 2.14% from fiscal 2024.
- Caesars Entertainment, Inc. (CZR) is a Resorts & Casinos company in the Consumer Cyclical sector, listed on Nasdaq.
- As of October 9, 2026, CZR traded at $29.50, a market capitalization of $6.0 billion.
- Return on equity was −12.5% and debt-to-equity 3.74.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.50 (distress zone) for fiscal 2025.