Symbols / CZR Stock $29.49 -0.07% Caesars Entertainment, Inc.

Consumer Cyclical • Resorts & Casinos • United States • NMS
CZR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Resorts & Casinos
CEO Mr. Thomas Robert Reeg CFA
Exch · Country NMS · United States
Market Cap 6.01B
Enterprise Value 31.31B
Income -485.00M
Sales 11.56B
FCF (ttm) 752.63M
Book/sh 16.75
Cash/sh 4.26
Employees 50,000
Insider 10d —
IPO Sep 22, 2014
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 35.02
PEG 4.51
P/S 0.52
P/B 1.76
P/C —
EV/EBITDA 8.95
EV/Sales 2.71
Quick Ratio 0.62
Current Ratio 0.85
Debt/Eq 722.66
LT Debt/Eq —
EPS (ttm) -2.36
EPS next Y 0.84
EPS Growth —
Revenue Growth 2.70%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-28
Earnings (prior) 2026-04-28
ROA 4.08%
ROE -10.72%
ROIC —
Gross Margin 49.94%
Oper. Margin 17.56%
Profit Margin -4.20%
Shs Outstand 203.69M
Shs Float 192.97M
Insider Own 1.06%
Instit Own 99.36%
Short Float 15.02%
Short Ratio 2.68
Short Interest 23.42M
52W High 31.58
vs 52W High -6.62%
52W Low 17.86
vs 52W Low 65.12%
Beta 1.77
Impl. Vol. 12.26%
Rel Volume 0.57
Avg Volume 6.40M
Volume 3.68M
Target (mean) $31.87
Tgt Median $31.00
Tgt Low $27.00
Tgt High $41.00
# Analysts 15
Recom Buy
Prev Close $29.51
Price $29.49
Change -0.07%
About

Caesars Entertainment, Inc. operates as a gaming and hospitality company. It owns, leases, brands, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. The company also operates and conducts online gaming, retail and online sports wagering across 42 jurisdictions in North America, and iGaming in five jurisdictions in North America; sports betting from retail and online sportsbooks; and other games, such as keno. In addition, it operates casinos, dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. The company was founded in 1937 and is based in Reno, Nevada.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$31.87
Mean price target
2. Current target
$29.49
Latest analyst target
3. DCF / Fair value
$66.51
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$29.49
Low
$27.00
High
$41.00
Mean
$31.87

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-02 main Wells Fargo Equal-Weight → Equal-Weight $31
2026-06-01 down Macquarie Outperform → Neutral $31
2026-06-01 down Deutsche Bank Buy → Hold $31
2026-05-29 down CBRE Buy → Hold $31
2026-05-29 down Truist Securities Buy → Hold $31
2026-05-29 down Susquehanna Positive → Neutral $31
2026-05-29 down JP Morgan Overweight → Neutral $31
2026-05-28 main Macquarie Outperform → Outperform $35
2026-05-19 main Macquarie Outperform → Outperform $35
2026-04-29 main Macquarie Outperform → Outperform $34
2026-04-29 main Citizens Market Outperform → Market Outperform $35
2026-04-29 main Wells Fargo Equal-Weight → Equal-Weight $26
2026-04-29 main Susquehanna Positive → Positive $34
2026-04-29 main Stifel Buy → Buy $35
2026-04-21 main Truist Securities Buy → Buy $32
2026-04-16 main JP Morgan Overweight → Overweight $35
2026-04-16 main Citigroup Neutral → Neutral $30
2026-04-16 main Wells Fargo Equal-Weight → Equal-Weight $24
2026-04-08 main Morgan Stanley Equal-Weight → Equal-Weight $34
2026-04-06 main Jefferies Hold → Hold $26
News
RSS: Latest CZR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-10 PEGRAM MICHAEL E Director — 115,200 $29.20 $3,380,392
2026-06-09 QUATMANN EDMUND L JR Officer — 81,566 $29.35 $2,393,823
2026-06-02 PEGRAM MICHAEL E Director — 55,000 $29.19 $1,606,030
2026-02-17 CARANO GARY L. Officer and Director — 2,135 $0.00 $0
2026-02-17 CARANO ANTHONY L President — 11,533 $0.00 $0
2026-02-17 LEPORI STEPHANIE D. Officer — 3,986 $0.00 $0
2026-02-17 YUNKER BRET Chief Financial Officer — 9,824 $0.00 $0
2026-02-17 JONES JOSH Officer — 2,349 $0.00 $0
2026-02-17 QUATMANN EDMUND L JR Officer — 4,413 $0.00 $0
2026-02-17 REEG THOMAS R Chief Executive Officer — 25,629 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
11,486.00
+2.14%
11,245.00
-2.45%
11,528.00
+6.53%
10,821.00
Operating Revenue
10,276.00
+2.77%
9,999.00
-1.83%
10,185.00
+6.65%
9,550.00
Cost Of Revenue
5,743.00
+5.98%
5,419.00
+0.44%
5,395.00
-0.11%
5,401.00
Reconciled Cost Of Revenue
5,743.00
+5.98%
5,419.00
+0.44%
5,395.00
-0.11%
5,401.00
Gross Profit
5,743.00
-1.42%
5,826.00
-5.01%
6,133.00
+13.15%
5,420.00
Operating Expense
3,665.00
+3.21%
3,551.00
-0.78%
3,579.00
+0.56%
3,559.00
Selling General And Administration
1,926.00
+0.31%
1,920.00
-4.57%
2,012.00
-2.71%
2,068.00
General And Administrative Expense
1,926.00
+0.31%
1,920.00
-4.57%
2,012.00
-2.71%
2,068.00
Other Gand A
1,926.00
+0.31%
1,920.00
-4.57%
2,012.00
-2.71%
2,068.00
Other Operating Expenses
322.00
+4.89%
307.00
+0.33%
306.00
+6.99%
286.00
Total Expenses
9,408.00
+4.88%
8,970.00
-0.04%
8,974.00
+0.16%
8,960.00
Operating Income
2,078.00
-8.66%
2,275.00
-10.92%
2,554.00
+37.24%
1,861.00
Total Operating Income As Reported
1,858.00
-19.36%
2,304.00
-6.80%
2,472.00
+42.15%
1,739.00
EBITDA
3,293.00
-7.94%
3,577.00
+0.62%
3,555.00
+21.87%
2,917.00
Normalized EBITDA
3,517.00
-3.30%
3,637.00
-5.21%
3,837.00
+22.82%
3,124.00
Reconciled Depreciation
1,417.00
+7.02%
1,324.00
+5.00%
1,261.00
+4.65%
1,205.00
EBIT
1,876.00
-16.73%
2,253.00
-1.79%
2,294.00
+34.00%
1,712.00
Total Unusual Items
-224.00
-273.33%
-60.00
+78.72%
-282.00
-36.23%
-207.00
Total Unusual Items Excluding Goodwill
-224.00
-273.33%
-60.00
+78.72%
-282.00
-36.23%
-207.00
Special Income Charges
-224.00
-273.33%
-60.00
+78.72%
-282.00
-36.23%
-207.00
Other Special Charges
4.00
-95.51%
89.00
-55.50%
200.00
+135.29%
85.00
Impairment Of Capital Assets
—
—
—
108.00
Restructuring And Mergern Acquisition
38.00
+111.48%
-331.00
-2446.15%
-13.00
-192.86%
14.00
Write Off
182.00
-39.74%
302.00
+217.89%
95.00
-12.04%
108.00
Net Income
-502.00
-80.58%
-278.00
-135.37%
786.00
+187.43%
-899.00
Pretax Income
-448.00
-261.29%
-124.00
-106.67%
-60.00
+89.38%
-565.00
Net Non Operating Interest Income Expense
-2,304.00
+2.62%
-2,366.00
-1.02%
-2,342.00
-3.40%
-2,265.00
Interest Expense Non Operating
2,324.00
-2.23%
2,377.00
+0.98%
2,354.00
+3.38%
2,277.00
Net Interest Income
-2,304.00
+2.62%
-2,366.00
-1.02%
-2,342.00
-3.40%
-2,265.00
Interest Expense
2,324.00
-2.23%
2,377.00
+0.98%
2,354.00
+3.38%
2,277.00
Interest Income Non Operating
20.00
+81.82%
11.00
-8.33%
12.00
+0.00%
12.00
Interest Income
20.00
+81.82%
11.00
-8.33%
12.00
+0.00%
12.00
Other Income Expense
-222.00
-572.73%
-33.00
+87.87%
-272.00
-68.94%
-161.00
Other Non Operating Income Expenses
2.00
-92.59%
27.00
+170.00%
10.00
-78.26%
46.00
Tax Provision
-11.00
-112.64%
87.00
+109.80%
-888.00
-2065.85%
-41.00
Tax Rate For Calcs
0.00
-88.31%
0.00
+0.00%
0.00
+189.39%
0.00
Tax Effect Of Unusual Items
-5.50
+56.35%
-12.60
+78.72%
-59.22
-294.24%
-15.02
Net Income Including Noncontrolling Interests
-437.00
-107.11%
-211.00
-125.48%
828.00
+190.99%
-910.00
Net Income From Continuing Operation Net Minority Interest
-502.00
-80.58%
-278.00
-135.37%
786.00
+253.22%
-513.00
Net Income From Continuing And Discontinued Operation
-502.00
-80.58%
-278.00
-135.37%
786.00
+187.43%
-899.00
Net Income Continuous Operations
-437.00
-107.11%
-211.00
-125.48%
828.00
+258.02%
-524.00
Net Income Discontinuous Operations
—
0.00
0.00
+100.00%
-386.00
Minority Interests
-65.00
+2.99%
-67.00
-59.52%
-42.00
-481.82%
11.00
Normalized Income
-283.50
-22.94%
-230.60
-122.86%
1,008.78
+414.24%
-321.02
Net Income Common Stockholders
-502.00
-80.58%
-278.00
-135.37%
786.00
+187.43%
-899.00
Diluted EPS
-2.42
-87.60%
-1.29
-135.44%
3.64
+186.87%
-4.19
Basic EPS
-2.42
-87.60%
-1.29
-135.34%
3.65
+187.11%
-4.19
Basic Average Shares
208.00
-3.26%
215.00
+0.00%
215.00
+0.47%
214.00
Diluted Average Shares
208.00
-3.26%
215.00
-0.46%
216.00
+0.93%
214.00
Diluted NI Availto Com Stockholders
-502.00
-80.58%
-278.00
-135.37%
786.00
+187.43%
-899.00
Depreciation Amortization Depletion Income Statement
1,417.00
+7.02%
1,324.00
+5.00%
1,261.00
+4.65%
1,205.00
Depreciation And Amortization In Income Statement
1,417.00
+7.02%
1,324.00
+5.00%
1,261.00
+4.65%
1,205.00
Line Item Trend 2023-12-31 2022-12-31
Total Assets
33,366.00
-0.48%
33,527.00
Current Assets
2,045.00
-2.71%
2,102.00
Cash Cash Equivalents And Short Term Investments
1,005.00
-3.18%
1,038.00
Cash And Cash Equivalents
1,005.00
-3.18%
1,038.00
Receivables
608.00
-0.49%
611.00
Accounts Receivable
608.00
-0.49%
611.00
Gross Accounts Receivable
701.00
-3.84%
729.00
Allowance For Doubtful Accounts Receivable
-93.00
+21.19%
-118.00
Inventory
46.00
-22.03%
59.00
Prepaid Assets
—
—
Restricted Cash
122.00
-6.87%
131.00
Assets Held For Sale Current
—
0.00
Other Current Assets
264.00
+0.38%
263.00
Total Non Current Assets
31,321.00
-0.33%
31,425.00
Net PPE
14,756.00
+1.08%
14,598.00
Gross PPE
18,802.00
+6.88%
17,591.00
Accumulated Depreciation
-4,046.00
-35.18%
-2,993.00
Properties
0.00
0.00
Land And Improvements
2,088.00
-0.19%
2,092.00
Buildings And Improvements
13,543.00
+3.43%
13,094.00
Machinery Furniture Equipment
2,409.00
+17.28%
2,054.00
Construction In Progress
762.00
+117.09%
351.00
Other Properties
—
639.00
Goodwill And Other Intangible Assets
15,513.00
-1.30%
15,718.00
Goodwill
10,990.00
-0.13%
11,004.00
Other Intangible Assets
4,523.00
-4.05%
4,714.00
Investments And Advances
157.00
+67.02%
94.00
Long Term Equity Investment
157.00
+67.02%
94.00
Non Current Deferred Assets
47.00
0.00
Non Current Deferred Taxes Assets
47.00
0.00
Other Non Current Assets
848.00
-16.45%
1,015.00
Total Liabilities Net Minority Interest
28,646.00
-3.80%
29,776.00
Current Liabilities
2,690.00
+0.82%
2,668.00
Payables And Accrued Expenses
1,653.00
+5.96%
1,560.00
Payables
610.00
+19.84%
509.00
Accounts Payable
408.00
+29.94%
314.00
Current Accrued Expenses
1,043.00
-0.76%
1,051.00
Total Tax Payable
202.00
+3.59%
195.00
Current Debt And Capital Lease Obligation
88.00
-44.30%
158.00
Current Debt
65.00
-39.81%
108.00
Other Current Borrowings
65.00
-39.81%
108.00
Current Capital Lease Obligation
23.00
-54.00%
50.00
Current Deferred Liabilities
749.00
+0.27%
747.00
Current Deferred Revenue
749.00
+0.27%
747.00
Other Current Liabilities
—
—
Total Non Current Liabilities Net Minority Interest
25,956.00
-4.25%
27,108.00
Long Term Debt And Capital Lease Obligation
24,983.00
-1.13%
25,269.00
Long Term Debt
12,224.00
-3.44%
12,659.00
Long Term Capital Lease Obligation
12,759.00
+1.18%
12,610.00
Non Current Deferred Liabilities
102.00
-89.67%
987.00
Non Current Deferred Taxes Liabilities
102.00
-89.67%
987.00
Other Non Current Liabilities
871.00
+2.23%
852.00
Stockholders Equity
4,552.00
+22.60%
3,713.00
Common Stock Equity
4,552.00
+22.60%
3,713.00
Capital Stock
0.00
0.00
Common Stock
0.00
0.00
Preferred Stock
0.00
0.00
Share Issued
216.16
+0.52%
215.03
Ordinary Shares Number
215.80
+0.53%
214.67
Treasury Shares Number
0.36
+0.00%
0.36
Additional Paid In Capital
7,001.00
+0.69%
6,953.00
Retained Earnings
-2,523.00
+23.75%
-3,309.00
Gains Losses Not Affecting Retained Earnings
97.00
+5.43%
92.00
Treasury Stock
23.00
+0.00%
23.00
Minority Interest
168.00
+342.11%
38.00
Other Equity Adjustments
97.00
+5.43%
92.00
Total Equity Gross Minority Interest
4,720.00
+25.83%
3,751.00
Total Capitalization
16,776.00
+2.47%
16,372.00
Working Capital
-645.00
-13.96%
-566.00
Invested Capital
16,841.00
+2.19%
16,480.00
Total Debt
25,071.00
-1.40%
25,427.00
Net Debt
11,284.00
-3.79%
11,729.00
Capital Lease Obligations
12,782.00
+0.96%
12,660.00
Net Tangible Assets
-10,961.00
+8.70%
-12,005.00
Tangible Book Value
-10,961.00
+8.70%
-12,005.00
Current Provisions
200.00
-1.48%
203.00
Duefrom Related Parties Current
—
—
Interest Payable
369.00
+16.04%
318.00
Investmentsin Associatesat Cost
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,302.00
+21.12%
1,075.00
-40.57%
1,809.00
+85.54%
975.00
Cash Flow From Continuing Operating Activities
1,302.00
+21.12%
1,075.00
-40.57%
1,809.00
+82.18%
993.00
Cash From Discontinued Operating Activities
—
0.00
0.00
+100.00%
-18.00
Net Income From Continuing Operations
-437.00
-107.11%
-211.00
-125.48%
828.00
+190.99%
-910.00
Depreciation Amortization Depletion
1,417.00
+7.02%
1,324.00
+5.00%
1,261.00
+4.65%
1,205.00
Depreciation
1,284.00
+7.99%
1,189.00
+6.45%
1,117.00
+9.72%
1,018.00
Amortization Cash Flow
133.00
-1.48%
135.00
-6.25%
144.00
-22.99%
187.00
Depreciation And Amortization
1,417.00
+7.02%
1,324.00
+5.00%
1,261.00
+4.65%
1,205.00
Amortization Of Intangibles
133.00
-1.48%
135.00
-6.25%
144.00
-22.99%
187.00
Other Non Cash Items
194.00
+6.59%
182.00
-13.74%
211.00
-68.97%
680.00
Stock Based Compensation
95.00
+1.06%
94.00
-9.62%
104.00
+2.97%
101.00
Provisionand Write Offof Assets
43.00
-12.24%
49.00
+19.51%
41.00
+64.00%
25.00
Asset Impairment Charge
182.00
-39.74%
302.00
+217.89%
95.00
-12.04%
108.00
Deferred Tax
-11.00
-112.64%
87.00
+109.80%
-888.00
-2065.85%
-41.00
Deferred Income Tax
-11.00
-112.64%
87.00
+109.80%
-888.00
-2065.85%
-41.00
Operating Gains Losses
20.00
+107.22%
-277.00
-227.65%
217.00
+205.63%
71.00
Gain Loss On Investment Securities
-1.00
+85.71%
-7.00
-40.00%
-5.00
+73.68%
-19.00
Net Foreign Currency Exchange Gain Loss
—
—
0.00
0.00
Gain Loss On Sale Of PPE
17.00
+104.74%
-359.00
-1731.82%
22.00
+340.00%
5.00
Change In Working Capital
-201.00
+57.68%
-475.00
-691.67%
-60.00
+75.61%
-246.00
Change In Receivables
-53.00
-161.63%
86.00
+204.88%
-82.00
+42.66%
-143.00
Changes In Account Receivables
-53.00
-161.63%
86.00
+204.88%
-82.00
+42.66%
-143.00
Change In Prepaid Assets
-49.00
-276.92%
-13.00
-133.33%
39.00
+360.00%
-15.00
Change In Payables And Accrued Expense
-18.00
+96.40%
-500.00
-5100.00%
10.00
+112.20%
-82.00
Change In Payable
-18.00
+96.40%
-500.00
-5100.00%
10.00
+112.20%
-82.00
Change In Account Payable
-18.00
+96.40%
-500.00
-5100.00%
10.00
+112.20%
-82.00
Change In Other Working Capital
-81.00
-68.75%
-48.00
-77.78%
-27.00
-350.00%
-6.00
Investing Cash Flow
-571.00
+18.89%
-704.00
+43.95%
-1,256.00
-228.80%
-382.00
Cash Flow From Continuing Investing Activities
-571.00
+18.89%
-704.00
+43.95%
-1,256.00
-63.54%
-768.00
Cash From Discontinued Investing Activities
—
0.00
0.00
-100.00%
386.00
Net PPE Purchase And Sale
-587.00
+20.89%
-742.00
+41.25%
-1,263.00
-38.34%
-913.00
Purchase Of PPE
-805.00
+37.89%
-1,296.00
-2.53%
-1,264.00
-32.77%
-952.00
Sale Of PPE
218.00
-60.65%
554.00
+55300.00%
1.00
-97.44%
39.00
Capital Expenditure
-809.00
+38.29%
-1,311.00
-1.31%
-1,294.00
-34.37%
-963.00
Net Investment Purchase And Sale
8.00
-42.86%
14.00
+250.00%
4.00
-96.83%
126.00
Sale Of Investment
8.00
-42.86%
14.00
+250.00%
4.00
-96.83%
126.00
Net Business Purchase And Sale
-6.00
0.00
+100.00%
-3.00
0.00
Purchase Of Business
-6.00
0.00
+100.00%
-3.00
0.00
Gain Loss On Sale Of Business
—
—
22.00
+340.00%
5.00
Net Intangibles Purchase And Sale
-4.00
+73.33%
-15.00
+50.00%
-30.00
-172.73%
-11.00
Purchase Of Intangibles
-4.00
+73.33%
-15.00
+50.00%
-30.00
-172.73%
-11.00
Net Other Investing Changes
-5.00
—
36.00
+20.00%
30.00
Financing Cash Flow
-763.00
-53.21%
-498.00
+30.15%
-713.00
+44.38%
-1,282.00
Cash Flow From Continuing Financing Activities
-763.00
-53.21%
-498.00
+30.15%
-713.00
+44.38%
-1,282.00
Net Issuance Payments Of Debt
-415.00
-171.24%
-153.00
+76.61%
-654.00
+47.30%
-1,241.00
Issuance Of Debt
1,580.00
-79.00%
7,525.00
+37.82%
5,460.00
+264.00%
1,500.00
Repayment Of Debt
-1,995.00
+74.02%
-7,678.00
-25.58%
-6,114.00
-123.06%
-2,741.00
Long Term Debt Issuance
1,580.00
-79.00%
7,525.00
+37.82%
5,460.00
+264.00%
1,500.00
Long Term Debt Payments
-1,995.00
+74.02%
-7,678.00
-25.58%
-6,114.00
-123.06%
-2,741.00
Net Long Term Debt Issuance
-415.00
-171.24%
-153.00
+76.61%
-654.00
+47.30%
-1,241.00
Net Common Stock Issuance
-229.00
-19.90%
-191.00
0.00
-100.00%
1.00
Common Stock Payments
-229.00
-19.90%
-191.00
0.00
0.00
Repurchase Of Capital Stock
-229.00
-19.90%
-191.00
0.00
0.00
Net Other Financing Charges
-119.00
+22.73%
-154.00
-161.02%
-59.00
-40.48%
-42.00
Changes In Cash
-32.00
+74.80%
-127.00
+20.63%
-160.00
+76.78%
-689.00
Effect Of Exchange Rate Changes
—
0.00
0.00
+100.00%
-29.00
Beginning Cash Position
1,016.00
-11.11%
1,143.00
-12.28%
1,303.00
-35.53%
2,021.00
End Cash Position
984.00
-3.15%
1,016.00
-11.11%
1,143.00
-12.28%
1,303.00
Free Cash Flow
493.00
+308.90%
-236.00
-145.83%
515.00
+4191.67%
12.00
Interest Paid Supplemental Data
2,162.00
-9.01%
2,376.00
+11.44%
2,132.00
+6.07%
2,010.00
Income Tax Paid Supplemental Data
81.00
+68.75%
48.00
+84.62%
26.00
+18.18%
22.00
Common Stock Issuance
—
0.00
0.00
-100.00%
1.00
Dividends Received CFI
23.00
-41.03%
39.00
0.00
0.00
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
1.00
Other Cash Adjustment Inside Changein Cash
—
—
0.00
+100.00%
-29.00
Sale Of Business
—
—
1.00
-97.44%
39.00
Cash From Discontinued Financing Activities
—
—
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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