Caesars Entertainment, Inc. (CZR) vs PENN Entertainment, Inc. (PENN)

Caesars Entertainment, Inc. and PENN Entertainment, Inc. are both Resorts & Casinos companies. Caesars Entertainment, Inc. is the larger, with a market value of $5.9B against $2.1B — 2.9× the size. PENN Entertainment, Inc. grew revenue faster over the last twelve months: 6.14% against 2.41%. Caesars Entertainment, Inc. has the higher net margin (−3.99% vs −12.7%) and the higher return on invested capital (7.36% vs −4.38%). Across the 19 metrics below, Caesars Entertainment, Inc. leads on 13 and PENN Entertainment, Inc. on 6.

Valuation

Metric CZR PENN Resorts & Casinos median
P/E n/m n/m 17.17
P/S 0.51 0.30 0.58
P/B 1.67 1.14 2.18
Price to free cash flow 7.17 55.88 9.54
EV/EBITDA 4.98 n/m 8.81
EV/Sales 1.56 1.16 1.73
Earnings yield (7.86%) (40.09%) 2.55%
Free cash flow yield 13.95% 1.79% 7.85%

Profitability

Metric CZR PENN Resorts & Casinos median
Gross margin 53.21% 35.16% 49.00%
Operating margin 15.94% (7.89%) 10.92%
Net margin (3.99%) (12.66%) 2.36%
Free cash flow margin 7.25% 0.53% 6.48%
Return on equity (12.12%) (37.49%) 0.14%
Return on assets (1.45%) (6.19%) 1.03%
Return on invested capital 7.36% (4.38%) 7.36%

Growth

Metric CZR PENN Resorts & Casinos median
Revenue growth (TTM) 2.41% 6.14% 2.76%
EPS growth (last fiscal year) (87.60%) (184.39%) 3.45%
Revenue growth, 5-year CAGR 25.92% 14.23% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CZR PENN Resorts & Casinos median
Debt to equity 3.74 3.83 2.08
Current ratio 0.85 0.89 0.91
Net debt to EBITDA 2.95 (30.04) 4.00

Dividend

Metric CZR PENN Resorts & Casinos median
Dividend yield — — 1.95%
Payout ratio — — 0.37

Size

Metric CZR PENN Resorts & Casinos median
Market cap 5.94b 2.06b 2.78b

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