OakChart

Caesars Entertainment Inc

CZRConsumer Cyclical·Resorts & Casinos·USA·Mid·NASD·Nov 11 • 10:10 AM ET

29.33+0.03 (0.09%)
2026-11-11 16:11 CET
Market cap
5,971.55 USD m
Revenue, TTM
11,719.00 USD m
Net income, TTM
-533.00 USD m
Free cash flow, TTM
484.00 USD m
EPS diluted, TTM
-2.62
P/E
-
Compare

Price

CZR against its 20, 50 and 200-day averages
2050200miss
24.0026.0028.0030.0048.0M95.9MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26CZRclose 29.3320-day 29.0750-day 29.39200-day 27.8929.33

5.0% under 30.88 on 11 Mar 2026. Last 15 sessions, 2.9% high to low

Profile

CZR
52-week range, 88% of the way up
17.8630.88

Caesars Entertainment, Inc. engages in the management of casinos and resorts under the Caesars, Harrah's, Horseshoe, and Eldorado brands. It operates through the following segments: Las Vegas, Regional, Caesars Digital, Managed and Branded, and Corporate and Other. The company was founded in 1937 and is headquartered in Reno, NV.

IndexRUI
Employees50000
IPOFeb 08, 2012
Beta1.88
ATR, 14d0.22
Rel volume0.30
Short float12.59%
Insider own6.21%
Inst own95.61%

Snapshot

6 groups

Valuation

IndexRUI
Market Cap5.98B
Enterprise Value29.93B
Income-533.00M
Sales11.72B
Book/sh16.06
Cash/sh4.70
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees50000
IPOFeb 08, 2012

Ratios

P/E-
Forward P/E-
PEG-
P/S0.51
P/B1.83
P/C6.24
P/FCF12.35
EV/EBITDA8.71
EV/Sales2.55
Quick Ratio0.80
Current Ratio0.82
Debt/Eq7.55
LT Debt/Eq7.52
Option/ShortYes / Yes

Earnings

EPS (ttm)-2.62
EPS next Y-0.23
EPS next Q-0.16
EPS this Y42.15%
EPS next Y83.80%
EPS next 5Y46.18%
EPS past 3/5Y16.87% 29.15%
Sales past 3/5Y2.01% 25.92%
EPS Y/Y TTM-128.00%
Sales Y/Y TTM3.08%
EPS Q/Q-126.91%
Sales Q/Q2.47%
EarningsOct 27 AMC
EPS/Sales Surpr.-395.53% -0.73%

Ownership

Insider Own6.21%
Insider Trans-4.66%
Inst Own95.61%
Inst Trans-7.42%
ROA-1.68%
ROE-15.10%
ROIC-1.91%
Gross Margin37.61%
Oper. Margin17.29%
Profit Margin-4.55%
SMA200.89%
SMA50-0.23%
SMA2005.16%
Trades-

Technical

Shs Outstand204.00M
Shs Float191.16M
Short Float12.59%
Short Ratio4.76
Short Interest24.06M
52W High30.88 -5.04%
52W Low17.86 64.19%
Volatility0.89% 0.89%
ATR (14)0.22
RSI (14)53.12
Beta1.88
Rel Volume0.30
Avg Volume5.05M
Volume226,042

Performance

Perf Week-0.12%
Perf Month-0.49%
Perf Quarter-1.13%
Perf Half Y9.46%
Perf YTD25.37%
Perf Year48.93%
Perf 3Y-32.27%
Perf 5Y-71.22%
Perf 10Y132.74%
Recom2.93
Target Price31.31
Prev Close29.30
Price29.33
Change %0.09%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 09, 2026DowngradeBBarclaysOverweight → Equal Weight$31+5.7%
Jun 15, 2026DowngradeSStifelBuy → Hold$31+5.7%
Jan 08, 2026UpgradeSSusquehannaNeutral → Positive$31+5.7%
Dec 15, 2025DowngradeGGoldmanBuy → Neutral$24-18.2%
Nov 21, 2025InitiatedCCitigroupNeutral$23-21.6%
Nov 18, 2025InitiatedWWells FargoEqual Weight$21-28.4%
Nov 04, 2025DowngradeJJefferiesBuy → Hold$22-25.0%
Jul 07, 2025InitiatedGGoldmanBuy$36+22.8%
Jun 23, 2025InitiatedJJP MorganOverweight$47+60.3%
Apr 03, 2025UpgradeCCapitalOneEqual Weight → Overweight$51 → $47+60.3%

Peers

Mkt cap
TickerCompanyMkt cap
MGMMGM Resorts International8.40B
BYDBoyd Gaming Corp5.50B
PENNPENN Entertainment Inc2.46B
RRRRed Rock Resorts Inc5.29B
WYNNWynn Resorts Ltd8.89B
BALYBallys Corp606.14M
MCRIMonarch Casino & Resort Inc1.93B
CHDNChurchill Downs Inc6.92B
LVSLas Vegas Sands Corp25.36B
DKNGDraftKings Inc17.53B

Insider trading

latest 14 of 40
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
TOMICK DAVID PDirectorSep 15 '26Sale29.717,142212,19017,769Sep 16 06:15 PM
TOMICK DAVID PDirectorSep 14 '26Sale29.667,000207,62824,911Sep 16 06:15 PM
TOMICK DAVID PDirectorSep 11 '26Sale29.687,000207,76031,911Sep 14 06:43 PM
TOMICK DAVID PDirectorSep 10 '26Sale29.677,000207,67238,911Sep 14 06:43 PM
TOMICK DAVID PDirectorSep 10 '26Proposed Sale29.6745,9111,362,179Sep 10 12:05 PM
Courtney R. MatherFormer DirectorAug 31 '26Proposed Sale29.7357,0271,695,413Aug 31 04:45 PM
Jones Blackhurst Janis LDirectorAug 27 '26Sale29.6333,8991,004,4480Aug 28 04:16 PM
Jan Jones BlackhurstDirectorAug 24 '26Proposed Sale29.7533,8991,008,495Aug 24 01:40 PM
Yunker BretChief Financial OfficerAug 19 '26Sale29.62208,1346,165,7820Aug 21 04:32 PM
Bret YunkerOfficerAug 19 '26Proposed Sale29.62208,1346,165,781Aug 19 06:50 PM
Jones JoshChief Marketing OfficerAug 14 '26Sale29.7259,5071,768,7860Aug 17 06:18 PM
Jones JoshOfficerAug 14 '26Proposed Sale29.6659,5071,764,977Aug 14 04:03 PM
Pegram Michael EDirectorJun 12 '26Proposed Sale29.4520,000589,096Jun 15 07:57 AM
Pegram Michael EDirectorJun 11 '26Sale29.4724,800730,97316,897Jun 12 05:58 PM

Held by

AUM
TickerCompanyAUM
IJRiShares Core S&P Small-Cap ETFAUM: 106.27B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
VXFVanguard Extended Market Index ETFAUM: 30.47B
SPSMState Street SPDR Portfolio S&P 600TM Small Cap ETFAUM: 16.06B
IJSiShares S&P Small-Cap 600 Value ETFAUM: 7.74B
SLYVState Street SPDR S&P 600 TM Small Cap Value ETFAUM: 5.01B
SCHASchwab U.S. Small-Cap ETFAUM: 22.25B
IWRiShares Russell Mid-Cap ETFAUM: 58.68B

News

latest 14 of 206
  • Tim McGraw Announces Five New 2027 Dates at The Colosseum at Caesars Palace Following Sold-Out 2026 Engagement (Business Wire)
  • Lodging Lowdown: Trailborn names new CFO, Wyndham Rewards expands with vacation rentals (Hotel Dive)
  • Caesars Entertainment: Q3 Earnings Snapshot (Associated Press)
  • Caesars posts Q3 Las Vegas declines as Fertitta takeover looms (Hotel Dive)
  • Caesars Entertainment, Inc. Reports Third Quarter 2026 Results (Business Wire)
  • Loading…
  • Cyndi Lauper Announces 2027 Dates at The Colosseum at Caesars Palace (Business Wire)
  • Motley Crue to Play The Colosseum at Caesars Palace March 19-April 3, 2027 (Business Wire)
  • Why Are Investors Paying So Little For DraftKings Stocks Cash? (Trefis)
  • Investors May Hit Jackpot with Hacksaws Foray into Prediction Markets (Exec Edge)
  • Is DraftKings Stock A Buy Today As Prediction Markets Grow? (Trefis)
  • THE VILLAS Caesars Palace Ranked Number One Casino Hotel in AAA's Inaugural List (Business Wire)
  • Has Buying DraftKings Stock's Dips Paid Off? (Trefis)
  • Caesars Entertainment, Inc. to Release 2026 Third Quarter Results on October 27, 2026 (Business Wire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-27-0.610-0.123-0.6102,9402,96212
2026Q22026-07-28-0.3000.045-0.3042,9932,97815
2026Q12026-04-28-0.480-0.243-0.4802,8702,84914
2025Q42026-02-17-1.230-0.152-1.2322,9162,88415
2025Q32025-10-28-0.270-0.086-0.2662,8692,89513
2025Q22025-07-29-0.2750.001-0.3922,9072,86013
2025Q12025-04-29-0.540-0.201-0.5422,7942,7869
2024Q42025-02-250.050-0.1330.0522,7992,81411
2024Q32024-10-29-0.0400.215-0.0422,8742,92710
2024Q22024-07-30-0.5600.124-0.5652,8302,85613
2024Q12024-04-30-0.730-0.077-0.7322,7422,82011
2023Q42024-02-20-0.340-0.037-0.3332,8252,85010
2023Q32023-10-310.3400.2860.3432,9942,93610
2023Q22023-08-014.2600.3324.2792,8792,86811
2023Q12023-05-02-0.630-0.007-0.6332,8302,76011
2022Q42023-02-21-0.7000.213-0.6882,8212,8037

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY1.0900.0261.0781,4741,513
2018FY1.2201.6621.2172,0562,068
2019FY1.0301.5871.0312,5282,525
2020FY-13.470-11.542-13.5153,4743,653
2021FY-4.690-3.416-4.8299,5709,706
2022FY-4.190-3.813-4.20110,82110,801
2023FY3.6403.9443.63911,52811,551
2024FY-1.290-1.495-1.29311,24511,258
2025FY-2.420-1.333-2.42011,48611,456
2026FY--1.400--11,816
2027FY--0.227--12,070
2028FY--0.377--12,134

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0612143,0092,9443,056
2026Q4S2026-11-0215143,0112,9443,056
2026Q4S2026-10-2815143,0132,9443,067
2026Q4S2026-10-2715023,0152,9873,067
2026Q4S2026-10-2315013,0162,9873,067
2026Q4S2026-10-2116013,0162,9873,067
2026Q4S2026-10-1916003,0192,9893,067
2026Q4S2026-10-1216003,0202,9893,067
2026Q4S2026-10-1116113,0202,9893,067
2026Q4S2026-10-0716113,0202,9903,067
2026Q4S2026-10-0516113,0212,9903,079
2026Q4S2026-09-2616213,0212,9903,079
2026Q4S2026-09-1816223,0212,9903,079
2026Q4S2026-08-0316223,0222,9903,079

Estimate history

EPS, annual1.0781.2171.031-13.515-4.829-4.2013.639-1.293-2.414-2.6188
Period201720182019202020212022202320242025TTM
EPS, quarterly-0.0420.052-0.542-0.392-0.266-1.232-0.48-0.304-0.603
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual1480.7982056.0072528.249362895701082111528112451148611719
Period201720182019202020212022202320242025TTM
Sales, quarterly287427992794290728692916287029932940
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual76.82677.43977.569208.049213.78214.309215.438211.325202.629204
Period201720182019202020212022202320242025MRQ
Shares, quarterly212.48211.325212208205202.629204204204
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue11,719.0011,486.0011,245.0011,528.0010,821.009,570.003,628.002,528.252,056.01
Cost of Goods Sold Incl. D&A7,312.007,160.006,743.006,656.006,606.005,773.002,429.001,407.671,213.02
Gross Profit4,407.004,326.004,502.004,872.004,215.003,797.001,199.001,120.58842.99
Selling, General and Administrative Excl. Other2,381.002,248.002,227.002,318.002,354.002,091.001,097.00672.12502.39
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income2,026.002,078.002,275.002,554.001,861.001,706.00102.00448.45340.60
Interest Expense2,297.002,324.002,377.002,354.002,265.002,295.001,202.00286.25171.73
Unusual Expense225.00224.0060.00282.00134.00475.00682.0084.3632.19
Net Income Before Taxes-486.00-448.00-124.00-60.00-565.00-1,269.00-1,606.00124.98135.62
Income Taxes-20.00-11.0087.00-888.00-41.00-283.00132.0043.9840.39
Consolidated Net Income-466.00-437.00-211.00828.00-524.00-986.00-1,738.0081.0095.23
Net Income From Continuing Operations-533.00-502.00-278.00786.00-513.00-989.00-1,737.0081.0095.23
Net Income-533.00-502.00-278.00786.00-899.00-1,019.00-1,757.0081.0095.23
EPS (Recurring)-1.84-1.66-1.104.55-3.76-3.25-9.841.781.50
EPS (Basic, Before Extraordinaries)-2.62-2.41-1.293.66-4.20-4.83-13.521.041.23
EPS (Diluted)-2.62-2.41-1.293.64-4.20-4.83-13.521.031.22
EBITDA3,438.003,495.003,599.003,815.003,120.002,871.00699.00673.08498.02
Non-Operating Income (Expense)10.0022.0038.0022.00-27.00-205.00176.0047.13-1.05
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense73.4775.0574.2682.1679.7959.8657.6718.228.28
Price To Earnings Ratio---14.20---57.9429.75
Price To Sales Ratio0.520.420.640.880.822.062.661.851.38
Gross Margin37.6137.6640.0442.2638.9539.6833.0544.3241.00
Operating Margin17.2918.0920.2322.1517.2017.832.8117.7416.57
Net Margin-4.55-4.37-2.476.82-8.31-10.65-48.433.204.63
Shares Outstanding204.00202.63211.33215.44214.31213.78208.0577.5777.44
Market Capitalization5,971.555,971.557,101.0810,112.538,925.9519,994.2815,468.734,638.202,802.33

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue2,940.002,993.002,870.002,916.002,869.002,907.002,794.002,799.00
Cost of Goods Sold Incl. D&A1,862.001,849.001,774.001,827.001,808.001,786.001,739.001,741.00
Gross Profit1,078.001,144.001,096.001,089.001,061.001,121.001,055.001,058.00
Selling, General and Administrative Excl. Other610.00615.00592.00564.00558.00561.00565.00550.00
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income468.00529.00504.00525.00503.00560.00490.00508.00
Interest Expense573.00576.00571.00577.00581.00586.00580.00591.00
Unusual Expense11.0016.004.00194.00-6.0034.002.00-123.00
Net Income Before Taxes-117.00-53.00-71.00-245.00-64.00-52.00-87.0043.00
Income Taxes-10.00-12.0012.00-10.00-25.0013.0011.0019.00
Consolidated Net Income-107.00-41.00-83.00-235.00-39.00-65.00-98.0024.00
Net Income From Continuing Operations-123.00-62.00-98.00-250.00-55.00-82.00-115.0011.00
Net Income-123.00-62.00-98.00-250.00-55.00-82.00-115.0011.00
EPS (Recurring)-0.57-0.25-0.47-0.56-0.29-0.28-0.54-0.35
EPS (Basic, Before Extraordinaries)-0.60-0.30-0.48-1.23-0.27-0.39-0.540.05
EPS (Diluted)-0.60-0.30-0.48-1.23-0.27-0.39-0.540.05
EBITDA834.00884.00851.00869.00855.00924.00847.00853.00
Non-Operating Income (Expense)-1.0010.000.001.008.008.005.003.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense18.1718.1718.9618.1717.3818.9620.5416.59
Price To Sales Ratio0.520.530.470.410.490.520.470.63
Gross Margin36.6738.2238.1937.3536.9838.5637.7637.80
Operating Margin15.9217.6717.5618.0017.5319.2617.5418.15
Net Margin-4.18-2.07-3.41-8.57-1.92-2.82-4.120.39
Shares Outstanding204.00204.00204.00202.63205.00208.00212.00211.33
Market Capitalization5,971.556,147.485,379.064,774.095,620.985,904.215,300.327,101.08

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments972.00961.001,127.001,169.001,389.003,797.00244.46272.60155.49
Short Term Receivables476.00470.00608.00611.00472.00386.0057.7076.2350.84
Inventories43.0045.0046.0059.0042.0044.0018.3820.5916.87
Other Current Assets312.00271.00264.00263.004,061.001,836.00284.10203.7727.82
Total Current Assets1,803.001,747.002,045.002,102.005,964.006,063.00604.64573.20251.03
Net Property, Plant & Equipment14,962.0015,416.0015,378.0015,237.0015,263.0015,192.002,802.742,882.611,502.82
Total Investments and Advances145.00186.00173.00228.00481.00610.00181.8439.6427.95
Long-Term Note Receivable------14.26--
Intangible Assets14,426.0014,734.0015,513.0015,718.0015,996.0014,147.002,021.122,370.321,743.92
Deferred Tax Assets67.0062.0047.00------
Other Assets236.00445.00210.00242.00327.00373.0015.9645.7020.75
Total Assets31,639.0032,590.0033,366.0033,527.0038,031.0036,385.005,640.555,911.463,546.47
Short Term Debt Incl. Current Port. of LT Debt134.00130.0088.00158.00119.00120.00266.170.460.61
Accounts Payable297.00296.00408.00314.00254.00167.0061.9558.5234.78
Income Tax Payable199.00205.00202.00195.00183.00172.0023.9047.480.17
Other Current Liabilities1,623.001,641.001,992.002,001.004,741.002,054.00336.43295.72188.19
Total Current Liabilities2,253.002,272.002,690.002,668.005,297.002,513.00688.45402.18223.75
Long Term Debt25,488.0025,648.0025,711.0025,979.0026,872.0026,884.003,471.994,221.112,189.58
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities58.00130.00102.00987.001,111.001,166.00197.27200.01162.97
Other Liabilities154.00164.00143.00142.00210.00788.00165.5959.0128.58
Total Liabilities27,953.0028,214.0028,646.0029,776.0033,490.0031,351.004,523.304,882.312,604.88
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity3,504.004,157.004,552.003,713.004,480.005,016.001,117.261,029.15941.60
Total Shareholders Equity3,504.004,157.004,552.003,713.004,480.005,016.001,117.261,029.15941.60
Accumulated Minority Interest182.00219.00168.0038.0061.0018.000.000.000.00
Total Equity3,686.004,376.004,720.003,751.004,541.005,034.001,117.261,029.15941.60
Total Liabilities & Stockholders Equity31,639.0032,590.0033,366.0033,527.0038,031.0036,385.005,640.555,911.463,546.47
Book Value Per Share17.2919.6721.1317.3320.9624.1114.4013.2912.26
Tangible Book Value Per Share-53.90-50.05-50.88-56.02-53.87-43.89-11.65-17.32-10.44
Full-Time Employees50,00050,00051,00049,00049,00054,00015,50018,70012,500
Price to Book Ratio1.821.702.202.334.463.084.142.722.98
Return on Assets-1.56-0.842.35-1.43-2.66-8.271.402.013.03
Return on Equity-13.11-6.3819.02-12.52-20.83-56.647.559.6511.84
Return on Invested Capital-1.73-0.932.60-3.03-3.25-5.511.771.812.34
Quick Ratio0.780.750.740.771.122.400.851.371.05
Current Ratio0.800.770.760.791.132.410.881.431.12

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income-466.00-437.00-211.00828.00-910.00-1,016.00-1,758.0081.0095.23
Depreciation1,412.001,417.001,324.001,261.001,259.001,165.00597.00224.62157.43
Other Funds (Non Cash)527.00557.00389.00668.00929.001,035.00504.00-14.6240.82
Funds from Operations1,453.001,526.001,589.001,869.001,237.00901.00-481.00289.35327.35
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-207.00-201.00-475.00-60.00-262.00271.00-101.0023.17-4.75
Income Taxes Payable-34.00-81.00-48.00-27.00-7.0013.00-40.00-21.856.95
Cash from Operating Activities1,246.001,325.001,114.001,809.00975.001,172.00-582.00312.53322.61
Capital Expenditures-777.00-809.00-1,311.00-1,294.00-963.00-832.00-199.00-170.77-147.41
Net Assets From Acquisitions0.000.000.000.000.00-1,586.00-6,314.000.00-1,113.23
Sale of Fixed Assets and Businesses21.00218.00554.00117.0039.00726.00366.00536.131.00
Purchase or Sale of Investments-3.002.0014.001.00126.00200.0024.004.17-8.59
Purchase of Investments-9.00-6.000.00-3.000.00-39.00-1.00-0.77-8.59
Sale Or Maturity of Investments6.008.0014.004.00126.00239.0025.004.940.00
Other Uses6.00-5.000.000.00-6.00-1,475.00-5.000.000.00
Other Sources2.000.000.0036.00422.0044.0023.000.000.00
Cash from Investing Activities-751.00-594.00-743.00-1,140.00-382.00-2,923.00-6,105.00369.54-1,268.23
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock-50.00-229.00-191.000.001.003.002,718.000.00-8.98
Repurchase of Common Pref Stock-50.00-229.00-191.000.000.000.000.000.00-9.13
Sale of Common Pref Stock0.000.000.000.001.003.002,718.000.000.15
Proceedsfrom Stock Options0.000.000.000.001.003.002,718.000.000.00
Issuance or Reduction of Debt, Net-302.00-415.00-274.00-733.00-1,253.00-1,097.007,939.00-703.461,065.24
Change in Long Term Debt-302.00-415.00-274.00-733.00-1,253.00-1,097.007,939.00-703.461,065.24
Issuance of Long Term Debt1,710.001,580.007,404.005,381.001,488.001,252.0012,633.0032.541,135.60
Reduction of Long Term Debt-2,012.00-1,995.00-7,678.00-6,114.00-2,741.00-2,349.00-4,694.00-736.00-70.36
Net Financing Active Other Cash Flow-105.00-119.00-33.00-96.00-30.00544.00-16.00-8.72-12.37
Other Financing Activities Uses-105.00-119.00-33.00-96.00-30.00-47.00-16.00-8.72-12.37
Cash from Financing Activities-457.00-763.00-498.00-829.00-1,282.00-550.0010,641.00-712.181,043.89
Exchange Rate Effect--0.000.00-29.0042.00109.00--
Net Change in Cash38.00-32.00-127.00-160.00-718.00-2,259.004,063.00-30.1198.27
Free Cash Flow484.00520.00-182.00545.0023.00652.00-746.00141.76175.19
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow12.509.36-18.58387.0630.27-33.0716.18
Deferred Taxes & Investment Tax Credit--11.0087.00-888.00-41.00-283.00176.00-1.6533.87

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments958.001,061.00959.00972.00923.001,067.00
Short Term Receivables459.00485.00441.00476.00426.00487.00
Inventories48.0049.0047.0043.0041.0044.00
Other Current Assets337.00382.00353.00312.00342.00330.00
Total Current Assets1,802.001,977.001,800.001,803.001,732.001,928.00
Net Property, Plant & Equipment13,941.0014,125.0014,233.0014,962.0014,496.0014,646.00
Total Investments and Advances144.00140.00141.00145.00130.00130.00
Intangible Assets14,379.0014,400.0014,383.0014,426.0014,637.0014,669.00
Deferred Tax Assets82.0068.0066.0067.0069.0068.00
Other Assets1,023.001,032.001,041.00236.00836.001,037.00
Total Assets31,371.0031,742.0031,664.0031,639.0031,900.0032,478.00
Short Term Debt Incl. Current Port. of LT Debt114.00114.00114.00134.00114.00110.00
Accounts Payable237.00290.00258.00297.00253.00263.00
Income Tax Payable---199.00--
Other Current Liabilities1,834.001,918.001,746.001,623.001,858.001,966.00
Total Current Liabilities2,185.002,322.002,118.002,253.002,225.002,339.00
Long Term Debt24,632.0024,742.0024,814.0025,488.0024,746.0025,050.00
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities45.0057.0069.0058.0080.0090.00
Other Liabilities1,063.001,069.001,066.00154.00874.00880.00
Total Liabilities27,925.0028,190.0028,067.0027,953.0027,925.0028,359.00
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity3,277.003,375.003,416.003,504.003,782.003,896.00
Total Shareholders Equity3,277.003,375.003,416.003,504.003,782.003,896.00
Accumulated Minority Interest169.00177.00181.00182.00193.00223.00
Total Equity3,446.003,552.003,597.003,686.003,975.004,119.00
Total Liabilities & Stockholders Equity31,371.0031,742.0031,664.0031,639.0031,900.0032,478.00
Book Value Per Share16.0616.5416.7517.2918.4518.73
Tangible Book Value Per Share-54.42-54.04-53.76-53.90-52.95-51.79
Full-Time Employees---50,000--
Price to Book Ratio1.821.801.531.271.441.49
Return on Assets-1.68-1.45-1.51-1.56-0.74-0.59
Return on Equity-15.10-12.79-12.99-13.11-6.06-4.76
Return on Invested Capital-0.44-0.22-0.35-0.86-0.19-0.28
Quick Ratio0.800.830.830.780.760.81
Current Ratio0.820.850.850.800.780.82

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income-107.00-41.00-83.00-235.00-39.00-65.00
Depreciation366.00355.00347.00344.00352.00364.00
Other Funds (Non Cash)93.0085.0083.00266.0089.0089.00
Funds from Operations342.00387.00359.00365.00377.00401.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-75.0084.00-155.00-61.00-59.0061.00
Income Taxes Payable-3.00-8.00-3.00-20.00-3.00-58.00
Cash from Operating Activities267.00471.00204.00304.00318.00462.00
Capital Expenditures-184.00-223.00-210.00-160.00-196.00-230.00
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.001.0019.001.00214.003.00
Purchase or Sale of Investments-1.000.000.00-2.003.001.00
Purchase of Investments-1.00-2.000.00-6.000.000.00
Sale Or Maturity of Investments0.002.000.004.003.001.00
Other Uses0.000.000.006.00-3.00-2.00
Other Sources0.000.002.000.000.000.00
Cash from Investing Activities-185.00-222.00-189.00-155.0018.00-228.00
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.000.000.00-50.00-79.00-100.00
Repurchase of Common Pref Stock0.000.000.00-50.00-79.00-100.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-158.00-120.003.00-27.00-358.00-36.00
Change in Long Term Debt-158.00-120.003.00-27.00-358.00-36.00
Issuance of Long Term Debt450.00410.00475.00375.00615.00275.00
Reduction of Long Term Debt-608.00-530.00-472.00-402.00-973.00-311.00
Net Financing Active Other Cash Flow-24.00-26.00-28.00-27.00-46.00-21.00
Other Financing Activities Uses-24.00-26.00-28.00-27.00-46.00-21.00
Cash from Financing Activities-182.00-146.00-25.00-104.00-483.00-157.00
Net Change in Cash-100.00103.00-10.0045.00-147.0077.00
Free Cash Flow95.00248.00-6.00147.00123.00232.00
Price to Free Cash Flow12.5012.0210.879.1313.8846.72

Revenue breakdown

Casino2024: 6.27B 2025: 6.62B
Food and Beverage2024: 1.72B 2025: 1.71B
Hotel, Owned2024: 2.02B 2025: 1.95B
Product and Service, Other2024: 1.25B 2025: 1.21B
United States2024: 11.25B 2025: 11.49B
Caesars Digital2024: 1.16B 2025: 1.41B
Consolidation, Policy2024: -5.00M 2025: -6.00M
Las Vegas2024: 4.27B 2025: 4.05B
Managed And Branded2024: 274.00M 2025: 279.00M
Regional2024: 5.54B 2025: 5.76B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3012.59%24.1M191.2M4.99M
2026-10-1510.78%20.6M191.1M4.25M
2026-09-3010.78%20.6M191.1M3.97M
2026-09-159.82%18.8M191.1M3.83M
2026-08-3110.46%20.0M191.1M4.74M
2026-08-149.73%18.6M190.8M6.68M
2026-07-319.27%17.7M190.7M6.46M
2026-07-159.74%18.6M190.7M6.60M
2026-06-308.24%15.7M190.7M6.40M
2026-06-158.55%15.9M186.6M6.36M
2026-05-2912.30%23.4M190.5M6.08M
2026-05-1511.96%22.8M190.4M5.26M
2026-04-3011.56%22.0M190.2M5.85M
2026-04-159.20%17.5M190.1M6.12M
2026-03-3110.86%20.7M190.1M6.38M
2026-03-1314.14%26.9M190.1M6.29M
2026-02-2716.06%30.5M190.1M6.30M
2026-02-1318.29%34.8M190.1M6.44M
2026-01-3016.49%31.4M190.5M6.83M
2026-01-1518.63%35.5M190.8M7.46M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call19.008.2012.450.008.3820.000.000.897-0.5110.004
call20.007.2011.450.007.7320.000.000.888-0.4960.004
call21.006.2010.450.007.1100.000.000.877-0.4800.005
call22.005.209.450.006.5130.000.000.864-0.4620.005
call23.004.208.450.005.9350.000.000.849-0.4420.005
call24.003.157.450.005.3720.000.000.832-0.4190.006
call24.502.686.950.005.0950.000.000.821-0.4070.006
call25.002.186.450.004.8210.000.000.809-0.3930.006
call25.501.685.950.004.5480.000.000.796-0.3780.006
call26.001.185.450.004.0800.000.000.781-0.3620.007
call26.500.704.950.003.9920.000.000.761-0.3530.007
call27.001.904.450.003.7800.000.000.726-0.3680.007
call27.500.023.950.003.4540.000.000.690-0.3760.008
call28.000.003.450.003.1770.000.000.650-0.3780.008
call28.500.002.940.003.8710.000.000.600-0.4450.009
call29.000.000.340.452.60941.000.000.560-0.3570.009
call29.500.000.010.000.2510.000.000.449-0.1230.009
call30.000.000.010.350.1663.000.000.414-0.1820.010
call30.500.000.050.000.2550.000.000.331-0.1590.009
call31.000.000.140.030.33821.000.000.239-0.1220.008
call31.500.002.130.000.4790.000.000.148-0.1070.005
call32.000.000.450.010.4913.000.000.049-0.0280.003
call32.500.002.130.000.6490.000.000.019-0.0160.001
call33.000.002.130.000.7290.000.000.017-0.0170.001
call33.500.002.130.000.8070.000.000.016-0.0170.001
call34.000.002.130.000.8830.000.000.015-0.0170.001
call35.000.002.130.001.0290.000.000.013-0.0180.001
call36.000.002.130.001.1670.000.000.012-0.0190.001
call37.000.002.130.001.3000.000.000.010-0.0190.001
call38.000.002.130.001.4280.000.000.010-0.0200.001
call39.000.002.130.001.5550.000.000.009-0.0200.001
call40.000.002.130.001.6680.000.000.008-0.0200.001
put19.000.002.130.005.3730.000.00-0.103-0.5070.004
put20.000.002.130.004.8930.000.00-0.112-0.4930.004
put21.000.002.130.004.4320.000.00-0.123-0.4770.005
put22.000.002.130.003.9870.000.00-0.136-0.4590.005
put23.000.002.130.003.5540.000.00-0.150-0.4390.005
put24.000.002.130.003.1310.000.00-0.168-0.4160.006
put24.500.002.130.002.9220.000.00-0.179-0.4030.006
put25.000.002.130.002.7130.000.00-0.190-0.3890.006
put25.500.002.130.002.5060.000.00-0.204-0.3740.006
put26.000.002.130.002.2980.000.00-0.219-0.3580.007
put26.500.002.130.002.0890.000.00-0.240-0.3490.007
put27.000.002.130.001.8770.000.00-0.274-0.3650.007
put27.500.002.130.001.6620.000.00-0.314-0.3900.008
put28.000.002.130.001.4410.000.00-0.357-0.4150.008
put28.500.002.140.001.2100.000.00-0.400-0.4420.009
put29.000.000.701.122.29251.000.00-0.442-0.3340.010
put29.500.000.950.002.1870.000.00-0.484-0.3360.010
put30.000.002.830.001.6190.000.00-0.649-0.1430.008
put30.500.001.820.002.6020.000.00-0.669-0.1560.009
put31.000.003.851.513.6720.000.00-0.737-0.1850.007
put31.500.224.352.283.5910.000.00-0.852-0.1040.005
put32.000.584.650.003.3780.000.00-0.953-0.0320.002
put32.501.085.200.003.6160.000.00-0.981-0.0130.001
put33.001.585.700.003.7890.000.00-0.983-0.0130.001
put33.502.086.000.003.7300.000.00-0.984-0.0130.001
put34.002.586.700.004.1140.000.00-0.985-0.0140.001
put35.003.607.500.004.1720.000.00-0.987-0.0140.001
put36.004.608.650.004.6430.000.00-0.988-0.0150.001
put37.005.609.550.004.7770.000.00-0.990-0.0150.001
put38.006.6010.550.005.0290.000.00-0.990-0.0150.001
put39.007.6011.500.005.2090.000.00-0.991-0.0160.001
put40.008.6012.500.005.4310.000.00-0.992-0.0160.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-10-2710-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-278-KCurrent report2026-10-27SEC
2026-09-238-KCurrent report2026-09-22SEC
2026-09-22DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-09-228-KCurrent report2026-09-15SEC
2026-09-17DEFA14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-09-178-KCurrent report2026-09-14SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-14SEC
2026-09-144Statement of changes in beneficial ownership of securities2026-09-10SEC
2026-09-144/A2025-03-03SEC
2026-09-10144Filing for proposed sale of securities under Rule 144.SEC
2026-08-31144Filing for proposed sale of securities under Rule 144.SEC
2026-08-284Statement of changes in beneficial ownership of securities2026-08-27SEC
2026-08-26DEFM14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934SEC
2026-08-24144Filing for proposed sale of securities under Rule 144.SEC
2026-08-214Statement of changes in beneficial ownership of securities2026-08-19SEC
2026-08-19144Filing for proposed sale of securities under Rule 144.SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-14SEC
2026-08-14144Filing for proposed sale of securities under Rule 144.SEC
2026-08-14SCHEDULE 13GSEC
2026-08-12SCHEDULE 13G/ASEC
2026-08-12PREM14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-08-11SEC
2026-07-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-288-KCurrent report2026-07-28SEC
2026-07-088-KCurrent report2026-07-06SEC
2026-06-15144Filing for proposed sale of securities under Rule 144.SEC
2026-06-128-KCurrent report2026-06-09SEC
2026-06-124Statement of changes in beneficial ownership of securities2026-06-11SEC
2026-06-10144Filing for proposed sale of securities under Rule 144.SEC
2026-06-104Statement of changes in beneficial ownership of securities2023-05-12SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-0900835.25K4
2026-08008.94M3
2026-070000
2026-06008.61M7
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
BlackRock, Inc.13.50%
Pentwater Capital Management LP5.63%
VANGUARD PORTFOLIO MANAGEMENT LLC5.06%
VANGUARD CAPITAL MANAGEMENT LLC4.36%
MORGAN STANLEY3.90%
SG Americas Securities, LLC3.75%
STATE STREET CORP3.28%
BALYASNY ASSET MANAGEMENT L.P.2.94%
Kite Lake Capital Management2.71%
GEODE CAPITAL MANAGEMENT, LLC1.74%

Funds

Fund% owned
Franklin Income Fund98.19%
PGIM High Yield Fund50.55%
Fidelity Advisor Floating Rate High Income Fund22.25%
Income Fund of America22.09%
VANGUARD HIGH-YIELD CORPORATE FUND20.76%
LORD ABBETT BOND DEBENTURE FUND INC20.10%
American High Income Trust19.74%
iShares Broad USD High Yield Corporate Bond ETF14.59%
iShares iBoxx $ High Yield Corporate Bond ETF13.42%
Janus Henderson Multi-Sector Income Fund12.52%

OakChart. CZR. Cached 15 minutes.