Caesars Entertainment Inc. | Mid-cap | Consumer Cyclical
$23.00
-1.60%
| Caesars Stock Comparison:
Caesars vs Las Vegas SandsCaesars vs Wynn ResortsCaesars vs MGM ResortsCaesars vs Boyd GamingCaesars vs Red Rock ResortsCaesars vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 2.8B
Gross Profit 1.4B 50.54%
Operating Income 490.0M 17.54%
Net Income -98.0M -3.51%

Balance Sheet Metrics

Total Assets 32.4B
Total Liabilities 28.1B
Shareholders Equity 4.3B
Debt to Equity 6.57

Cash Flow Metrics

Operating Cash Flow 252.0M
Free Cash Flow -5.0M

Revenue & Profitability Trend

Caesars Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 11.2B 11.5B 10.8B 9.6B 3.6B
Cost of Goods Sold i 5.4B 5.4B 5.4B 4.6B 1.8B
Gross Profit i 5.8B 6.1B 5.4B 4.9B 1.8B
Gross Margin % i 51.8% 53.2% 50.1% 51.4% 49.1%
Operating Expenses
Research & Development i - - - - -
Selling, General & Administrative i 1.9B 2.0B 2.1B 1.8B 902.0M
Other Operating Expenses i 307.0M 306.0M 286.0M 309.0M 195.0M
Total Operating Expenses i 2.2B 2.3B 2.4B 2.1B 1.1B
Operating Income i 2.3B 2.6B 1.9B 1.7B 102.0M
Operating Margin % i 20.2% 22.2% 17.2% 17.8% 2.8%
Non-Operating Items
Interest Income i 11.0M 12.0M 12.0M 16.0M -
Interest Expense i 2.4B 2.4B 2.3B 2.3B 1.2B
Other Non-Operating Income -33.0M -272.0M -161.0M -680.0M -506.0M
Pre-tax Income i -124.0M -60.0M -565.0M -1.3B -1.6B
Income Tax i 87.0M -888.0M -41.0M -283.0M 132.0M
Effective Tax Rate % i 0.0% 0.0% 0.0% 0.0% 0.0%
Net Income i -211.0M 828.0M -910.0M -1.0B -1.8B
Net Margin % i -1.9% 7.2% -8.4% -10.6% -48.5%
Key Metrics
EBITDA i 3.6B 3.8B 3.1B 2.6B 861.0M
EPS (Basic) i $-1.29 $3.65 $-4.19 $-4.83 $-13.50
EPS (Diluted) i $-1.29 $3.64 $-4.19 $-4.83 $-13.50
Basic Shares Outstanding i 215000000 215000000 214000000 211000000 130000000
Diluted Shares Outstanding i 215000000 215000000 214000000 211000000 130000000

Income Statement Trend

Caesars Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 866.0M 1.0B 1.0B 1.1B 1.8B
Short-term Investments i - - - - -
Accounts Receivable i 470.0M 608.0M 611.0M 472.0M 342.0M
Inventory i 45.0M 46.0M 59.0M 42.0M 44.0M
Other Current Assets 271.0M 264.0M 263.0M 290.0M -
Total Current Assets i 1.7B 2.0B 2.1B 6.0B 6.1B
Non-Current Assets
Property, Plant & Equipment i 0 0 639.0M 662.0M 457.0M
Goodwill i 25.3B 26.5B 26.7B 27.1B 24.0B
Intangible Assets i 4.1B 4.5B 4.7B 4.9B 4.3B
Long-term Investments - - - - -
Other Non-Current Assets 1.2B 895.0M 1.0B 650.0M 810.0M
Total Non-Current Assets i 30.8B 31.3B 31.4B 32.1B 30.3B
Total Assets i 32.6B 33.4B 33.5B 38.0B 36.4B
Liabilities
Current Liabilities
Accounts Payable i 296.0M 408.0M 314.0M 254.0M 167.0M
Short-term Debt i 130.0M 88.0M 158.0M 119.0M 120.0M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - 2.7B 787.0M
Total Current Liabilities i 2.3B 2.7B 2.7B 5.3B 2.5B
Non-Current Liabilities
Long-term Debt i 24.9B 25.0B 25.3B 26.1B 26.4B
Deferred Tax Liabilities i 130.0M 102.0M 987.0M 1.1B 1.2B
Other Non-Current Liabilities 880.0M 871.0M 852.0M 936.0M 1.3B
Total Non-Current Liabilities i 25.9B 26.0B 27.1B 28.2B 28.8B
Total Liabilities i 28.2B 28.6B 29.8B 33.5B 31.4B
Equity
Common Stock i 0 0 0 0 0
Retained Earnings i -2.8B -2.5B -3.3B -2.4B -1.4B
Treasury Stock i 0 23.0M 23.0M 23.0M 9.0M
Other Equity - - - - -
Total Shareholders Equity i 4.4B 4.7B 3.8B 4.5B 5.0B
Key Metrics
Total Debt i 25.1B 25.1B 25.4B 26.3B 26.5B
Working Capital i -525.0M -645.0M -566.0M 667.0M 3.6B

Balance Sheet Composition

Caesars Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i -211.0M 828.0M -910.0M -1.0B -1.8B
Depreciation & Amortization i 1.3B 1.3B 1.2B 1.1B 583.0M
Stock-Based Compensation i 94.0M 104.0M 101.0M 82.0M 79.0M
Working Capital Changes i -462.0M -99.0M -231.0M 361.0M -89.0M
Operating Cash Flow i 1.0B 1.4B 804.0M 678.0M -832.0M
Investing Activities
Capital Expenditures i -742.0M -1.3B -952.0M -520.0M -164.0M
Acquisitions i 0 -2.0M 39.0M -899.0M -5.9B
Investment Purchases i - - - - -
Investment Sales i 14.0M 4.0M 126.0M 239.0M 25.0M
Investing Cash Flow i -728.0M -1.2B -757.0M -1.1B -6.1B
Financing Activities
Share Repurchases i -191.0M -66.0M 0 0 0
Dividends Paid i - - - - -
Debt Issuance i 7.5B 5.5B 1.5B 1.3B 13.0B
Debt Repayment i -7.7B -6.1B -2.7B -2.3B -4.7B
Financing Cash Flow i -498.0M -713.0M -1.3B -1.1B 10.6B
Free Cash Flow i -236.0M 515.0M 12.0M 340.0M -781.0M
Net Change in Cash i -212.0M -522.0M -1.2B -1.6B 3.7B

Cash Flow Trend

Caesars Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 10.42
Forward P/E 18.73
Price to Book 1.34
Price to Sales 0.46
PEG Ratio -0.34

Profitability Ratios

Profit Margin -1.71%
Operating Margin 19.26%
Return on Equity -3.02%
Return on Assets 4.19%

Financial Health

Current Ratio 0.82
Debt to Equity 632.19
Beta 2.38

Per Share Data

EPS (TTM) $-0.93
Book Value per Share $18.73
Revenue per Share $53.65

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
czr 5.1B 10.42 1.34 -3.02% -1.71% 632.19
Las Vegas Sands 36.6B 26.40 18.04 54.15% 12.16% 693.25
Wynn Resorts 12.8B 36.36 -10.57 -51.73% 5.51% -10.07
MGM Resorts 9.0B 18.10 3.03 21.79% 3.14% 844.04
Boyd Gaming 6.7B 12.94 4.83 36.23% 14.02% 305.14
Red Rock Resorts 6.1B 19.65 16.61 129.06% 8.89% 1,149.62

Financial data is updated regularly. All figures are in the company's reporting currency.