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Financials · CZR

Caesars Entertainment Inc. (CZR) financials

For the twelve months ended Sep 30, 2026, Caesars Entertainment Inc. reported $11.72B of revenue and -$497.00M of net income.

Revenue, TTM
$11.72B
Revenue growth, YoY
+3.1%
Net income, TTM
-$497.00M
Net margin
-4.2%
Free cash flow, TTM
$582.00M
EPS, diluted, TTM
-$2.61
Cash
$864.00M
Total debt
$11.56B
P/S
0.51
Market cap
$5.96B
Annual revenue$11.49B
FY2016FY2025
Annual net income-$502.00M
FY2016FY2025
Annual free cash flow$497.00M
FY2016FY2025

CZR revenue and earnings growth

CZR revenueQ3 2026$2.94B

Quarter YoY
+2.5%
QoQ
-1.8%
FY YoY
+2.1%
5Y CAGR
+25.9%
10Y CAGR
+31.9%

CZR revenue was $2.94B in fiscal Q3 2026 (ended Sep 30, 2026), up 2.5% from a year earlier and down 1.8% from the prior quarter. For the full fiscal 2025 it was $11.49B, up 2.1% from fiscal 2024. Compound annual growth was +25.9% over 5 years and +31.9% over 10 years. It rose in 9 of the last 10 fiscal years.

CZR net incomeQ3 2026-$123.00M

CZR net income was -$123.00M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$55.00M a year earlier. For the full fiscal 2025 it was -$502.00M, compared with -$278.00M in fiscal 2024.

CZR EPSQ3 2026-$0.61

CZR diluted EPS was -$0.61 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.27 a year earlier. For the full fiscal 2025 it was -$2.42, compared with -$1.29 in fiscal 2024.

CZR free cash flowQ3 2026$95.00M

Quarter YoY
-22.8%
QoQ
-68.8%
10Y CAGR
+37.9%

CZR free cash flow was $95.00M in fiscal Q3 2026 (ended Sep 30, 2026), down 22.8% from a year earlier and down 68.8% from the prior quarter. For the full fiscal 2025 it was $497.00M, compared with -$221.00M in fiscal 2024. Compound annual growth was +37.9% over 10 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$11.49B$11.24B$11.53B$10.82B$9.57B$3.63B$2.53B$2.06B$1.48B$900.47M
Selling, general and admin$1.93B$1.92B$2.01B$2.07B$1.78B$902.00M$503.00M$381.00M$241.04M$130.72M
Operating income$1.86B$2.30B$2.47B$1.74B$1.46B-$383.00M$410.00M$310.00M$94.81M$88.70M
Interest expense$2.33B$2.44B$2.39B$2.30B$2.32B$1.21B$286.00M$172.00M$99.77M$50.92M
Pre-tax income-$448.00M-$124.00M-$60.00M-$565.00M-$1.27B-$1.61B$125.00M$135.00M-$43.39M$37.63M
Income tax-$11.00M$87.00M-$888.00M-$41.00M-$283.00M$132.00M$44.00M$40.00M-$116.77M$13.10M
Net income-$502.00M-$278.00M$786.00M-$899.00M-$1.02B-$1.76B$81.00M$95.00M$73.38M$24.53M
EPS, basic-$2.42-$1.29$3.65-$4.19-$4.83-$13.50$1.04$1.23$1.09$0.52
EPS, diluted-$2.42-$1.29$3.64-$4.19-$4.83-$13.50$1.03$1.22$1.08$0.51
Diluted shares208.0M215.0M216.0M214.0M211.0M130.0M79.0M78.0M68.1M47.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$887.00M$866.00M$1.00B$1.04B$1.07B$1.78B$206.00M$231.00M$134.60M$61.03M
Short-term investments------$34.63M$16.96M$17.63M-
Receivables$476.00M$470.00M$608.00M$611.00M$472.00M$342.00M$54.00M$60.17M$45.80M$14.69M
Inventory$43.00M$45.00M$46.00M$59.00M$42.00M$44.00M$18.00M$20.59M$16.87M$11.05M
Current assets$1.80B$1.75B$2.04B$2.10B$5.96B$6.06B$605.00M$573.20M$251.03M$101.75M
Goodwill$10.44B$10.60B$10.99B$11.00B$11.08B$9.86B$910.00M$1.01B$747.11M$66.83M
Total assets$31.64B$32.59B$33.37B$33.53B$38.03B$36.38B$5.64B$5.91B$3.55B$1.29B
Current liabilities$2.25B$2.27B$2.69B$2.67B$5.30B$2.51B$688.00M$402.18M$223.75M$102.04M
Short-term debt$114.00M$109.00M$65.00M$108.00M$70.00M$67.00M$246.00M$462.0K$615.0K$4.54M
Long-term debt$11.67B$12.03B$12.22B$12.66B$13.72B$14.07B$2.33B$3.26B$2.19B$795.88M
Total debt$11.78B$12.14B$12.29B$12.77B$13.79B$14.14B$2.57B$3.26B$2.19B$800.43M
Total liabilities$27.95B$28.21B$28.65B$29.78B$33.49B$31.35B$4.52B$4.88B$2.60B$995.59M
Shareholders' equity$3.50B$4.38B$4.72B$3.75B$4.54B$5.03B$1.12B$1.03B$942.00M$295.97M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$1.30B$1.07B$1.81B$993.00M$1.20B-$561.00M$313.00M$323.00M$129.89M$95.37M
Capital expenditures$805.00M$1.30B$1.26B$952.00M$520.00M$164.00M$171.00M$147.00M$83.16M$43.17M
Free cash flow$497.00M-$221.00M$545.00M$41.00M$679.00M-$725.00M$142.00M$176.00M$46.73M$52.20M
Investing cash flow-$571.00M-$704.00M-$1.26B-$768.00M-$1.45B-$6.10B$369.00M-$1.27B-$1.40B-$41.81M
Financing cash flow-$763.00M-$498.00M-$713.00M-$1.28B-$1.14B$10.64B-$712.00M$1.04B$1.35B-$73.67M
Share repurchases$229.00M$191.00M$0$0-$0$0$9.00M--
Depreciation and amortization$1.42B$1.32B$1.26B$1.21B$1.13B$583.00M$222.00M$157.00M$105.89M$63.45M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY2.1%-2.5%6.5%13.1%163.8%43.5%23.0%38.8%64.4%25.1%
Net income growth, YoY-------14.7%29.5%199.2%-78.5%
EPS growth, YoY-------15.6%13.0%--79.0%
Operating margin16.2%20.5%21.4%16.1%15.3%-10.6%16.2%15.1%6.4%9.9%
Net margin-4.4%-2.5%6.8%-8.3%-10.6%-48.4%3.2%4.6%5.0%2.7%
Free cash flow margin4.3%-2.0%4.7%0.4%7.1%-20.0%5.6%8.6%3.2%5.8%
Return on equity-14.3%-6.4%16.7%-24.0%-22.4%-34.9%7.3%9.2%7.8%8.3%
Return on assets-1.6%-0.9%2.4%-2.7%-2.7%-4.8%1.4%1.6%2.1%1.9%
Current ratio0.800.770.760.791.132.410.881.431.121.00
Debt to equity3.362.772.603.403.042.812.303.172.332.70

Source: XBRL data Caesars Entertainment Inc. files with the SEC, latest filing dated Oct 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

CZR peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
CZR$11.72B+3.1%-$497.00M-4.2%$5.96B
MAR$27.42B+5.8%$2.65B9.7%$107.24B
HLT$12.69B+8.1%$1.70B13.4%$82.43B
IHG$5.19B+5.4%$758.00M14.6%$26.30B
LVS$13.60B+10.9%$1.61B11.8%$25.53B
H$7.11B+2.8%$188.00M2.6%$17.21B
HTHTCN¥25.31B+5.9%CN¥5.08B20.1%$15.69B
LTH$3.29B+13.0%$418.95M12.7%$10.58B
WYNN$7.27B+2.2%$377.87M5.2%$8.56B

CZR FAQ

8 questions
  • What is CZR revenue?
    Caesars Entertainment Inc. (CZR) reported $11.72B of revenue for the twelve months ended Sep 30, 2026. That is up 3.1% from the year before. Revenue for fiscal 2025 was $11.49B.
  • Is CZR profitable?
    No. Caesars Entertainment Inc. reported a net loss of $497.00M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does CZR have?
    Caesars Entertainment Inc. reported $864.00M in cash and cash equivalents and $11.56B of debt on its most recent balance sheet in SEC filings.
  • How fast is CZR revenue growing?
    Caesars Entertainment Inc.'s revenue changed +2.1% in fiscal 2025, to $11.49B. Its compound annual growth rate was +25.9% over 5 years and +31.9% over 10 years.
  • What is CZR free cash flow?
    Caesars Entertainment Inc. generated $582.00M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $1.25B less capital expenditures.
  • What is CZR earnings per share?
    Diluted earnings per share were -$2.61 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did CZR last report financial results?
    The latest statements here come from Caesars Entertainment Inc.'s 10-Q filed on Oct 27, 2026, covering the period ended Sep 30, 2026.
  • Where does this CZR financial data come from?
    Quantisnow builds these statements from the structured XBRL data Caesars Entertainment Inc. files with the SEC. It is provided for information only and is not investment advice.