CZRNasdaqHotels & MotelsFiscal year ends December 31
Caesars Entertainment, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 28, 2026
$29.04+0.24 (+0.83%)
Close on Oct 19, 2026
- Market cap
- $5.92B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
16.2%+26.7 pts over 5 years
Net margin
-4.4%+44.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +2.1% | +2.0% | +25.9% | +31.9% | |
| Operating income | -19.4% | +2.2% | – | +38.3% | |
| Free cash flow | – | +129.7% | – | +37.9% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.7% | -57.3% | -13.1% | |
| Return on assets | 1.9% | -8.4% | -1.6% | |
| Current ratio | 1.00 | 2.41 | 0.80 | |
| Debt to equity | 2.70 | 2.82 | 3.36 | |
| Net debt to EBITDA | 4.86× | 61.82× | 3.33× | |
| Interest coverage | 1.7× | -0.3× | 0.8× | |
| Capex to revenue | 4.8% | 4.5% | 7.0% | |
| Diluted shares | 48M | 130M | 208M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Caesars Entertainment generated $6.38B from operations and spent $5.26B on capital expenditure, dividends and share buybacks. 92% of that went back into the business.
Generated
$6.38B
Used
$5.26B
Capital expenditure$4.84B92%Dividends$00%Share buybacks$420.00M8%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.4%
×Asset turnover0.36×
×Equity multiplier8.38×
=Return on equity, FY2025-13.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -4.4% | 0.36× | 8.38× | -13.1% |
| FY2024 | -2.5% | 0.34× | 7.57× | -6.4% |
| FY2023 | 6.8% | 0.34× | 8.09× | 19.0% |
| FY2022 | -8.3% | 0.30× | 8.73× | -21.9% |
| FY2021 | -10.6% | 0.26× | 7.84× | -21.5% |
| FY2020 | -48.4% | 0.17× | 6.85× | -57.3% |
| FY2019 | 3.2% | 0.44× | 5.38× | 7.5% |
| FY2018 | 4.6% | 0.43× | 4.80× | 9.6% |
| FY2017 | 5.0% | 0.61× | 3.91× | 11.9% |
| FY2016 | 2.7% | 0.69× | 4.64× | 8.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$502.00M
- Cash generatingOperating cash flow above zero$1.30B
- Return on assets improvedROA up on the prior year-0.8% → -1.5%
- Earnings backed by cashOperating cash flow above net income$1.30B vs -$502.00M
- Less leverageLong-term debt to assets fell36.9% → 36.9%
- Better liquidityCurrent ratio rose0.77 → 0.80
- No dilutionShare count did not rise215M → 208M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.34 → 0.35