CAESARS ENTERTAINMENT, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:47:58Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 497.00M | -221.00M | 545.00M | 41.00M | 679.00M | -725.00M |
| EBITDA | 3.27B | 3.63B | 3.73B | 2.94B | 2.59B | 200.00M |
| Working Capital | -450.00M | -525.00M | -645.00M | -566.00M | 667.00M | 3.55B |
| Net Debt | 11.91B | 12.23B | 12.26B | 12.88B | 14.07B | 13.81B |
| Operating Margin | 16.18% | 20.49% | 21.44% | 16.07% | 15.26% | -10.56% |
| Net Margin | -4.37% | -2.47% | 6.82% | -8.31% | -10.65% | -48.43% |
| Return on Equity (ROE) | -14.33% | -6.69% | 17.27% | -24.21% | -22.75% | -35.03% |
| Return on Assets (ROA) | -1.59% | -0.85% | 2.36% | -2.68% | -2.68% | -4.83% |
| Current Ratio | 0.80× | 0.77× | 0.76× | 0.79× | 1.13× | 2.41× |
| Debt-to-Equity | 3.65× | 3.15× | 2.91× | 3.75× | 3.38× | 3.11× |
| Effective Tax Rate | 2.46% | -70.16% | 1480.00% | 7.26% | 22.30% | -8.22% |
| Cash Conversion Ratio | -2.59× | -3.87× | 2.30× | -1.10× | -1.18× | 0.32× |
| Accruals Ratio | -0.06× | -0.04× | -0.03× | -0.06× | -0.06× | -0.03× |
| SBC % of Revenue | 0.83% | 0.84% | 0.90% | 0.93% | 0.86% | 2.18% |
| CapEx Coverage | 1.62× | 0.83× | 1.43× | 1.04× | 2.31× | -3.42× |
| Free Cash Flow Per Share | $2.39 | $-1.03 | $2.52 | $0.19 | $3.22 | $-5.58 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | 12.88× | — | — | — |
| P/FCF | 9.79× | — | 18.58× | 217.12× | 29.06× | — |
| FCF Yield | 10.22% | — | 5.38% | 0.46% | 3.44% | — |
| EV / EBITDA | 5.08× | 5.32× | 5.99× | 7.41× | 13.17× | 146.30× |
| P/S | 0.41× | 0.63× | 0.88× | 0.83× | 2.09× | 4.26× |
| P/B | 1.35× | 1.70× | 2.22× | 2.41× | 4.46× | 3.08× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 11.49B | 11.24B | 11.53B | 10.82B | 9.57B | 3.63B |
| Operating Income (Loss) | 1.86B | 2.30B | 2.47B | 1.74B | 1.46B | -383.00M |
| Income Tax Expense (Benefit) | -11.00M | 87.00M | -888.00M | -41.00M | -283.00M | 132.00M |
| Net Income (Loss) Attributable to Parent | -502.00M | -278.00M | 786.00M | -899.00M | -1.02B | -1.76B |
| Earnings Per Share, Basic | $-2.42 | $-1.29 | $3.65 | $-4.19 | $-4.83 | $-13.50 |
| Weighted Average Number of Shares Outstanding, Basic | 208.00M | 215.00M | 215.00M | 214.00M | 211.00M | 130.00M |
| Earnings Per Share, Diluted | $-2.42 | $-1.29 | $3.64 | $-4.19 | $-4.83 | $-13.50 |
| Weighted Average Number of Shares Outstanding, Diluted | 208.00M | 215.00M | 216.00M | 214.00M | 211.00M | 130.00M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 887.00M | 866.00M | 1.00B | 1.04B | 1.07B | 1.78B |
| Assets, Current | 1.80B | 1.75B | 2.04B | 2.10B | 5.96B | 6.06B |
| Assets | 31.64B | 32.59B | 33.37B | 33.53B | 38.03B | 36.38B |
| Long-term Debt | 11.90B | 12.29B | 12.44B | 13.09B | 14.32B | 15.02B |
| Liabilities, Current | 2.25B | 2.27B | 2.69B | 2.67B | 5.30B | 2.51B |
| Long-term Debt, Excluding Current Maturities | 11.67B | 12.03B | 12.22B | 12.66B | 13.72B | 14.07B |
| Liabilities | 27.95B | 28.21B | 28.65B | 29.78B | 33.49B | 31.35B |
| Stockholders' Equity Attributable to Parent | 3.50B | 4.16B | 4.55B | 3.71B | 4.48B | 5.02B |
| Common Stock, Shares, Outstanding | 202.63M | 211.33M | 215.80M | 214.67M | 213.78M | 208.05M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.30B | 1.07B | 1.81B | — | — | — |
| Payments to Acquire Property, Plant, and Equipment | 805.00M | 1.30B | 1.26B | 952.00M | 520.00M | 164.00M |
| Net Cash Provided by (Used in) Investing Activities | -571.00M | -704.00M | -1.26B | — | — | — |
| Payments for Repurchase of Common Stock | 229.00M | 191.00M | 0 | 0 | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | -763.00M | -498.00M | -713.00M | -1.28B | — | 10.64B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 36.00M | 147.00M | 350.00M | 227.00M | -5.00M | 30.00M |
| EBITDA | 847.00M | 675.00M | 865.00M | 890.00M | 845.00M | 1.01B |
| Working Capital | -318.00M | -450.00M | -493.00M | -411.00M | -352.00M | -525.00M |
| Net Debt | 24.18B | 11.91B | 24.15B | 24.32B | 24.35B | 12.23B |
| Operating Margin | 17.42% | 11.35% | 17.88% | 18.09% | 17.47% | 23.90% |
| Net Margin | -3.41% | -8.57% | -1.92% | -2.82% | -4.12% | 0.39% |
| Return on Equity (ROE) | -2.87% | -7.13% | -1.45% | -2.10% | -2.84% | 0.26% |
| Return on Assets (ROA) | -0.31% | -0.79% | -0.17% | -0.25% | -0.35% | 0.03% |
| Current Ratio | 0.85× | 0.80× | 0.78× | 0.82× | 0.84× | 0.77× |
| Debt-to-Equity | 7.33× | 3.65× | 6.61× | 6.49× | 6.23× | 3.15× |
| Cash Conversion Ratio | -2.08× | -1.22× | -18.15× | -8.29× | -1.90× | 28.09× |
| Accruals Ratio | -0.01× | -0.02× | -0.03× | -0.02× | -0.01× | -0.01× |
| SBC % of Revenue | 0.84% | 0.79% | 0.77% | 0.83% | 0.93% | 0.75% |
| CapEx Coverage | 1.21× | 1.94× | 1.54× | 1.50× | 0.98× | 1.11× |
| Free Cash Flow Per Share | $0.18 | $0.71 | $1.69 | $1.09 | $-0.02 | $0.14 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EV / EBITDA | 9.02× | 5.08× | 8.21× | 8.13× | 8.07× | 5.32× |
| P/S | 0.47× | 0.41× | 0.49× | 0.52× | 0.46× | 0.63× |
| P/B | 1.58× | 1.35× | 1.46× | 1.52× | 1.28× | 1.70× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.87B | 2.92B | 2.87B | 2.91B | 2.79B | 2.80B |
| Operating Income (Loss) | 500.00M | 331.00M | 513.00M | 526.00M | 488.00M | 669.00M |
| Income Tax Expense (Benefit) | 12.00M | -10.00M | -25.00M | 13.00M | 11.00M | 19.00M |
| Net Income (Loss) Attributable to Parent | -98.00M | -250.00M | -55.00M | -82.00M | -115.00M | 11.00M |
| Earnings Per Share, Basic | $-0.48 | $-1.22 | $-0.27 | $-0.39 | $-0.54 | $0.05 |
| Weighted Average Number of Shares Outstanding, Basic | 204.00M | 208.00M | 207.00M | 209.00M | 212.00M | 215.00M |
| Earnings Per Share, Diluted | $-0.48 | $-1.22 | $-0.27 | $-0.39 | $-0.54 | $0.05 |
| Weighted Average Number of Shares Outstanding, Diluted | 204.00M | 208.00M | 207.00M | 209.00M | 212.00M | 215.00M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 867.00M | 887.00M | 836.00M | 982.00M | 884.00M | 866.00M |
| Assets, Current | 1.80B | 1.80B | 1.73B | 1.93B | 1.79B | 1.75B |
| Assets | 31.66B | 31.64B | 31.90B | 32.48B | 32.40B | 32.59B |
| Long-term Debt | 11.92B | 11.90B | 11.92B | 12.27B | 12.30B | 12.29B |
| Liabilities, Current | 2.12B | 2.25B | 2.23B | 2.34B | 2.14B | 2.27B |
| Long-term Debt, Excluding Current Maturities | 11.69B | 11.67B | 11.68B | 12.02B | 12.05B | 12.03B |
| Liabilities | 28.07B | 27.95B | 27.93B | 28.36B | 28.12B | 28.21B |
| Stockholders' Equity Attributable to Parent | 3.42B | 3.50B | 3.78B | 3.90B | 4.05B | 4.16B |
| Common Stock, Shares, Outstanding | — | 202.63M | — | — | — | 211.33M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 204.00M | 304.00M | 998.00M | 680.00M | 218.00M | 309.00M |
| Payments to Acquire Property, Plant, and Equipment | 168.00M | 157.00M | 648.00M | 453.00M | 223.00M | 279.00M |
| Net Cash Provided by (Used in) Investing Activities | -189.00M | -155.00M | -416.00M | -434.00M | -206.00M | 275.00M |
| Payments for Repurchase of Common Stock | — | 50.00M | 179.00M | 100.00M | — | 50.00M |
| Net Cash Provided by (Used in) Financing Activities | -25.00M | -104.00M | -659.00M | -176.00M | -19.00M | -494.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CZR CIK 0001590895),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.