Caesars Entertainment, Inc.

Hotels & Motels

CZRStrained4 of 9 basics passed

$29.50

-0.07%

Market cap $6.01B

$29.50

-0.07%

Market cap $6.01B

Caesars Entertainment's stand-alone portfolio includes about 50 domestic gaming properties across the Las Vegas (48% of 2025 EBITDAR) and regional (49%) markets. Additionally, the company hosts managed properties and digital assets that produced marginal EBITDA in 2025.

It is a $6.01B consumer company. Revenue grew 2.4% over the last year, it currently loses money, and its net debt equals ~17.7 years of free cash flow.

Website: caesars.com
Location: Reno, NV
Employees: 50 000
Sector: Consumer Cyclical

Share price · 3 years

$45.76 → $29.50-35.5%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $11.6B
Loss: spends more than it earns; -$465M
Free cash flow: cash left after running the business; $610M
Net debt: debt minus cash on hand; $10.8B
Shares: up 336% since 2016 — dilution; 208.0M
Volatility: beta vs the market — under 1 swings less; 1.89

Revenue, last 10 years

52-week range

Low $18.14$29.50High $30.41

Today's price is 93% of the way from the year's low to its high.

P/E vs its history12mo

11.2×median 13.4×

Higher than 20% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

11.2×

80%

P/S

0.5×

80%

EV/EBITDA

16.5×

27%

P/B

1.7×

75%

FCF yield

10.1%

100%

Share of the last ~5 years that was pricier than today (cheaper than usual). Based on the daily valuation record.

Insider activity · 90 days

-$9.77Mnet selling

Purchases$0

Sales$9.77M

Insiders trading, last 14d0 buy · 0 sell

Standing in Consumer Cyclical

Size$6.01Btop 92%
Revenue growth+2%top 73%
Net margin-4%top 99%
Return on equity-13%top 94%

Ranked against 99 Consumer Cyclical companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation; Growth, Profitability, Health and Moat lag behind.

Valuation95

P/E vs own history20th pct · 20/25
FCF yield10.1% · 25/25
P/S0.5x · 25/25
EV/EBITDA9.2x · 25/25

Growth6

Revenue CAGR4.7% · 6/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growthn/a · 0/25

Profitability20

ROIC-3.5% · 0/25
ROE-13.2% · 0/25
Net margin-4.0% · 0/25
Operating margin15.9% · 20/25

Health14

Altman Zn/a · 0/25
Current ratio0.85 · 6/25
Interest coverage0.8x · 3/25
Net cash / debtD/A 34% · 5/25

Quality52

Piotroski F6/9 · 15/25
Beneish M-2.71 · 25/25
FCF conversionn/a · 0/25
Margin stabilityσ 12.4% · 12/25

Moat38

ROIC >12% years2/10 yrs · 0/25
Median gross margin52.5% · 20/25
FCF-positive years8/10 yrs · 18/25
Worst-year net marginworst -50.6% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2023Financial
Best year on record
$786M net income
FY2022Financial
Revenue crossed $10B
$10.8B for the year
FY2017Financial
Revenue crossed $1B
$1.47B for the year
FY2016Financial
First recorded profitable year
$24.8M net income

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$2 862 today — price return only

$11.5B revenue in FY2025

50 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (46.8%)

Watch-outs

Not profitable — 4.0% net margin
Thin interest coverage (0.8×)
Loss-making in 5 of the recent years
Net debt equals ~17.7 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

4 of 9 checks passed

Revenue growing — the company sells more than a year ago+2.4% YoY
Profitable — makes more than it spends-$465M TTM
Profit growing — earnings are higher than last year-80.6% YoY
Generates cash — cash left after running and investing$610M TTM
Debt under control — could handle its obligations~17.7y of cash flow to repay
Established company — not a micro-cap — lower blow-up risk$6.01B market cap
Not printing shares — share count not ballooning — you keep your slice+60.0% shares over ~5y
Proven track record — years of profitability behind it5/10 profitable years
Financially stable — balance sheet not near distresshealth score 9/100
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsno data

Peer comparisonCaesars Entertainment, Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
CZR this company	$6.0B	—	+2.4%	-4.0%	Strained
AMZN Amazon.Com Inc	$2.8T	20.9	+15.8%	17.4%	Mixed
TSLA Tesla, Inc.	$1.5T	397.1	+11.8%	3.7%	Strong
NFLX NetFlix Inc	$292.8B	21.4	+16.0%	28.2%	Solid
HD Home Depot, Inc.	$290.4B	20.4	-16.0%	8.7%	Solid
DIS The Walt Disney Company	$186.5B	21.7	+4.6%	8.7%	Solid
MCD McDonald's Corporation	$166.9B	18.9	+6.3%	31.7%	Strained

Head-to-head: CZR vs AMZN · CZR vs TSLA · CZR vs NFLX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 3Hold 16

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $11.6B · net income -$465M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$11.6B

YoY 2.4%

Net income (TTM)

-$465M

Margin -4.0%

Gross margin

46.8%

Operating margin

15.9%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	3.5	9.6	10.8	11.5	11.2	11.5
Gross profit	-0.4	5.3	5.8	6.1	5.8	5.7
Operating income (EBIT)	-0.4	1.5	1.7	2.5	2.3	1.9
Net income	-1.8	-1.0	-0.9	0.8	-0.3	-0.5
EPS (diluted)	-13.52	-4.83	-4.20	3.64	-1.29	-2.41

Cash flowFree cash flow $610M · operating cash flow $1.30B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$610M

Margin 5.2%

Operating cash flow (TTM)

$1.30B

FCF margin

5.2%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	-0.6	1.2	1.0	1.8	1.1	1.3
Capital expenditure	-0.2	-0.5	-1.0	-1.3	-1.3	-0.8
Free cash flow	-0.7	0.7	0.0	0.5	-0.2	0.5
FCF margin	-21.4%	7.1%	0.4%	4.7%	-2.0%	4.3%

Balance sheetAssets $31.6B · net debt $10.8B (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $31.6B of assets is financed

89%

Liabilities $28.0B — borrowed moneyEquity $3.50B — owners' stake

Cash vs debt

Total debt $11.7B − cash $887M = net debt $10.8B

Cash on hand covers 8% of debt.

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

Interest coverage

0.8x

EBIT ÷ interest expense

ROE

-13.2%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	1.8	1.1	1.0	1.0	0.9	0.9
Total assets	36.4	38.0	33.5	33.4	32.6	31.6
Total liabilities	31.4	33.5	29.8	28.6	28.2	28.0
Total debt	14.1	13.7	12.7	12.2	12.0	11.7
Equity	5.0	4.5	3.7	4.6	4.2	3.5
Net debt	12.3	12.7	11.6	11.2	11.2	10.8

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of CZR on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $29.50 · market cap $6.01B.