RRRNasdaqHotels & MotelsFiscal year ends December 31
Red Rock Resorts, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$49.89+0.61 (+1.24%)
Close on Oct 19, 2026
- Market cap
- $2.93B
- P/E (TTM)
- 19.8
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2014 to 2025
Operating margin
29.7%+22.2 pts over 5 years
Net margin
9.3%+22.1 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 | +3.7% | +6.5% | +11.2% | +4.1% | |
| Operating income | +5.1% | +2.1% | +46.5% | +7.6% | |
| Net income | +22.1% | -2.9% | – | +3.2% | |
| EPS, diluted | +23.3% | -2.4% | – | +7.4% | |
| Free cash flow | +9.9% | +10.8% | +13.5% | +2.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 20.4% | -35.3% | 88.8% | |
| Return on assets | 2.8% | -3.8% | 4.6% | |
| Current ratio | 1.01 | 1.12 | 0.79 | |
| Debt to equity | 6.93 | 8.23 | 16.30 | |
| Net debt to EBITDA | 4.90× | 8.68× | 4.09× | |
| Interest coverage | 2.2× | 0.7× | 3.0× | |
| Capex to revenue | 11.0% | 4.9% | 15.9% | |
| Diluted shares | 34M | 71M | 103M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Red Rock Resorts generated $2.80B from operations and spent $3.04B on capital expenditure, dividends and share buybacks. 56% of that went back into the business.
Generated
$2.80B
Used
$3.04B
Capital expenditure$1.69B56%Dividends$618.31M20%Share buybacks$724.63M24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.3%
×Asset turnover0.49×
×Equity multiplier19.40×
=Return on equity, FY202588.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.3% | 0.49× | 19.40× | 88.8% |
| FY2024 | 7.9% | 0.48× | 20.84× | 80.3% |
| FY2023 | 10.2% | 0.47× | 34.33× | 165.6% |
| FY2022 | 12.3% | 0.51× | 62.80× | 397.9% |
| FY2021 | 14.9% | 0.47× | 16.70× | 117.4% |
| FY2020 | -12.7% | 0.30× | 9.20× | -35.3% |
| FY2019 | -0.2% | 0.46× | 7.96× | -0.7% |
| FY2018 | 9.4% | 0.44× | 8.49× | 35.1% |
| FY2017 | 2.2% | 0.46× | 9.81× | 9.7% |
| FY2016 | 6.2% | 0.46× | 7.15× | 20.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$188.07M
- Cash generatingOperating cash flow above zero$609.51M
- Return on assets improvedROA up on the prior year3.9% → 4.6%
- Earnings backed by cashOperating cash flow above net income$609.51M vs $188.07M
- Less leverageLong-term debt to assets fell82.9% → 81.1%
- Better liquidityCurrent ratio rose0.91 → 0.79
- No dilutionShare count did not rise104M → 103M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.49 → 0.50