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Caesars Entertainment Inc Financials

CZR
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Caesars Entertainment Inc (CZR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 29 / 100
Financial Profile 29/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
58

Caesars Entertainment Inc has an operating margin of 16.2%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 58/100, indicating healthy but not exceptional operating efficiency. This is down from 20.5% the prior year.

Growth
37

Caesars Entertainment Inc's revenue grew a modest 2.1% year-over-year to $11.5B. This slow but positive growth earns a score of 37/100.

Leverage
34

Caesars Entertainment Inc has a moderate D/E ratio of 3.33. This balance of debt and equity financing earns a leverage score of 34/100.

Liquidity
11

Caesars Entertainment Inc's current ratio of 0.80 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 11/100, which could limit financial flexibility.

Cash Flow
36

Caesars Entertainment Inc has a free cash flow margin of 4.3%, earning a moderate score of 36/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
0

Caesars Entertainment Inc generates a -14.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -6.7% the prior year.

Altman Z-Score Distress
0.51

Caesars Entertainment Inc scores 0.51, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
6/9

Caesars Entertainment Inc passes 6 of 9 financial strength tests. 2 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed
-2.59x

For every $1 of reported earnings, Caesars Entertainment Inc generates $-2.59 in operating cash flow ($1.3B OCF vs -$502.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
0.8x

Caesars Entertainment Inc earns $0.8 in operating income for every $1 of interest expense ($1.9B vs $2.3B). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$11.5B
YoY+2.1%
5Y CAGR+25.9%
10Y CAGR+31.9%

Caesars Entertainment Inc generated $11.5B in revenue in fiscal year 2025. This represents an increase of 2.1% from the prior year.

EBITDA
$3.3B
YoY-9.7%
5Y CAGR+74.9%
10Y CAGR+38.1%

Caesars Entertainment Inc's EBITDA was $3.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.7% from the prior year.

Net Income
-$502.0M
YoY-80.6%

Caesars Entertainment Inc reported -$502.0M in net income in fiscal year 2025. This represents a decrease of 80.6% from the prior year.

EPS (Diluted)
$-2.42
YoY-87.6%

Caesars Entertainment Inc earned $-2.42 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 87.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$497.0M
YoY+324.9%
10Y CAGR+38.4%

Caesars Entertainment Inc generated $497.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 324.9% from the prior year.

Cash & Debt
$887.0M
YoY+2.4%
5Y CAGR-13.0%
10Y CAGR+27.5%

Caesars Entertainment Inc held $887.0M in cash against $11.7B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
204M
YoY-3.7%
5Y CAGR-0.4%
10Y CAGR+15.8%

Caesars Entertainment Inc had 204M shares outstanding in fiscal year 2025. This represents a decrease of 3.7% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
16.2%
YoY-4.3pp
5Y CAGR+26.7pp
10Y CAGR+6.1pp

Caesars Entertainment Inc's operating margin was 16.2% in fiscal year 2025, reflecting core business profitability. This is down 4.3 percentage points from the prior year.

Net Margin
-4.4%
YoY-1.9pp
5Y CAGR+44.1pp
10Y CAGR-20.2pp

Caesars Entertainment Inc's net profit margin was -4.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.9 percentage points from the prior year.

Return on Equity
-14.3%
YoY-7.6pp
5Y CAGR+20.7pp
10Y CAGR-56.9pp

Caesars Entertainment Inc's ROE was -14.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 7.6 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$229.0M
YoY+19.9%

Caesars Entertainment Inc spent $229.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 19.9% from the prior year.

Capital Expenditures
$805.0M
YoY-37.9%
5Y CAGR+37.5%
10Y CAGR+36.2%

Caesars Entertainment Inc invested $805.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 37.9% from the prior year.

CZR Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $2.9B+1.6% $2.9B-1.3% $2.9B+4.0% $2.8B-0.2% $2.8B-2.6% $2.9B+1.6% $2.8B+3.2% $2.7B
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $483.0M0.0% $483.0M+1.3% $477.0M-1.2% $483.0M+1.3% $477.0M-0.2% $478.0M+2.8% $465.0M-7.0% $500.0M
Operating Income $331.0M-35.5% $513.0M-2.5% $526.0M+7.8% $488.0M-27.1% $669.0M+3.9% $644.0M+27.3% $506.0M+4.3% $485.0M
Interest Expense $578.0M-0.7% $582.0M-0.9% $587.0M+0.9% $582.0M-3.2% $601.0M-2.4% $616.0M+0.3% $614.0M+1.2% $607.0M
Income Tax -$10.0M+60.0% -$25.0M-292.3% $13.0M+18.2% $11.0M-42.1% $19.0M-55.8% $43.0M+330.0% $10.0M-33.3% $15.0M
Net Income -$250.0M-354.5% -$55.0M+32.9% -$82.0M+28.7% -$115.0M-1145.5% $11.0M+222.2% -$9.0M+92.6% -$122.0M+22.8% -$158.0M
EPS (Diluted) N/A $-0.27+30.8% $-0.39+27.8% $-0.54 N/A $-0.04+92.9% $-0.56+23.3% $-0.73

CZR Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $31.6B-0.8% $31.9B-1.8% $32.5B+0.2% $32.4B-0.6% $32.6B-1.1% $33.0B-0.3% $33.1B+0.1% $33.1B
Current Assets $1.8B+4.1% $1.7B-10.2% $1.9B+8.0% $1.8B+2.2% $1.7B-8.1% $1.9B+4.2% $1.8B+5.0% $1.7B
Cash & Equivalents $887.0M+6.1% $836.0M-14.9% $982.0M+11.1% $884.0M+2.1% $866.0M+8.0% $802.0M-3.4% $830.0M+14.3% $726.0M
Inventory $43.0M+4.9% $41.0M-6.8% $44.0M+2.3% $43.0M-4.4% $45.0M+4.7% $43.0M-4.4% $45.0M+2.3% $44.0M
Accounts Receivable $476.0M+11.7% $426.0M-12.5% $487.0M+10.7% $440.0M-6.4% $470.0M+0.2% $469.0M-14.1% $546.0M-0.9% $551.0M
Goodwill $10.4B-1.5% $10.6B0.0% $10.6B0.0% $10.6B0.0% $10.6B-3.2% $10.9B0.0% $10.9B-0.4% $11.0B
Total Liabilities $28.0B+0.1% $27.9B-1.5% $28.4B+0.9% $28.1B-0.3% $28.2B-1.3% $28.6B0.0% $28.6B+0.4% $28.5B
Current Liabilities $2.3B+1.3% $2.2B-4.9% $2.3B+9.4% $2.1B-5.9% $2.3B+0.2% $2.3B-13.2% $2.6B+3.0% $2.5B
Long-Term Debt $11.7B-0.1% $11.7B-2.8% $12.0B-0.2% $12.0B+0.1% $12.0B-3.2% $12.4B+2.2% $12.2B-0.1% $12.2B
Total Equity $3.5B-7.4% $3.8B-2.9% $3.9B-3.9% $4.1B-2.5% $4.2B-0.5% $4.2B-3.0% $4.3B-2.2% $4.4B
Retained Earnings -$3.3B N/A N/A N/A -$2.8B N/A N/A N/A

CZR Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $304.0M-4.4% $318.0M-31.2% $462.0M+111.9% $218.0M-29.4% $309.0M+33.2% $232.0M-48.9% $454.0M+467.5% $80.0M
Capital Expenditures $157.0M-19.5% $195.0M-15.2% $230.0M+3.1% $223.0M-20.1% $279.0M-34.2% $424.0M+28.9% $329.0M+24.6% $264.0M
Free Cash Flow $147.0M+19.5% $123.0M-47.0% $232.0M+4740.0% -$5.0M-116.7% $30.0M+115.6% -$192.0M-253.6% $125.0M+167.9% -$184.0M
Investing Cash Flow -$155.0M-961.1% $18.0M+107.9% -$228.0M-10.7% -$206.0M-174.9% $275.0M+171.1% -$387.0M-18.0% -$328.0M-24.2% -$264.0M
Financing Cash Flow -$104.0M+78.5% -$483.0M-207.6% -$157.0M-726.3% -$19.0M+96.2% -$494.0M-504.9% $122.0M+481.3% -$32.0M+66.0% -$94.0M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $50.0M-36.7% $79.0M N/A N/A $50.0M-64.5% $141.0M N/A N/A

CZR Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 11.3%-6.5pp 17.9%-0.2pp 18.1%+0.6pp 17.5%-6.4pp 23.9%+1.5pp 22.4%+4.5pp 17.9%+0.2pp 17.7%
Net Margin -8.6%-6.7pp -1.9%+0.9pp -2.8%+1.3pp -4.1%-4.5pp 0.4%+0.7pp -0.3%+4.0pp -4.3%+1.4pp -5.8%
Return on Equity -7.1%-5.7pp -1.5%+0.7pp -2.1%+0.7pp -2.8%-3.1pp 0.3%+0.5pp -0.2%+2.6pp -2.8%+0.8pp -3.6%
Return on Assets -0.8%-0.6pp -0.2%+0.1pp -0.3%+0.1pp -0.4%-0.4pp 0.0%+0.1pp -0.0%+0.3pp -0.4%+0.1pp -0.5%
Current Ratio 0.80+0.0 0.78-0.0 0.82-0.0 0.84+0.1 0.77-0.1 0.84+0.1 0.70+0.0 0.69
Debt-to-Equity 3.33+0.2 3.090.0 3.09+0.1 2.97+0.1 2.89-0.1 2.98+0.2 2.83+0.1 2.76
FCF Margin 5.0%+0.8pp 4.3%-3.7pp 8.0%+8.2pp -0.2%-1.3pp 1.1%+7.8pp -6.7%-11.1pp 4.4%+11.1pp -6.7%

Note: The current ratio is below 1.0 (0.80), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Caesars Entertainment Inc (CZR) reported $11.5B in total revenue for fiscal year 2025. This represents a 2.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Caesars Entertainment Inc (CZR) revenue grew by 2.1% year-over-year, from $11.2B to $11.5B in fiscal year 2025.

No, Caesars Entertainment Inc (CZR) reported a net income of -$502.0M in fiscal year 2025, with a net profit margin of -4.4%.

Caesars Entertainment Inc (CZR) reported diluted earnings per share of $-2.42 for fiscal year 2025. This represents a -87.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Caesars Entertainment Inc (CZR) had EBITDA of $3.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Caesars Entertainment Inc (CZR) had $887.0M in cash and equivalents against $11.7B in long-term debt.

Caesars Entertainment Inc (CZR) had an operating margin of 16.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Caesars Entertainment Inc (CZR) had a net profit margin of -4.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Caesars Entertainment Inc (CZR) has a return on equity of -14.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Caesars Entertainment Inc (CZR) generated $497.0M in free cash flow during fiscal year 2025. This represents a 324.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Caesars Entertainment Inc (CZR) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Caesars Entertainment Inc (CZR) had $31.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Caesars Entertainment Inc (CZR) invested $805.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Caesars Entertainment Inc (CZR) spent $229.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Caesars Entertainment Inc (CZR) had 204M shares outstanding as of fiscal year 2025.

Caesars Entertainment Inc (CZR) had a current ratio of 0.80 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Caesars Entertainment Inc (CZR) had a debt-to-equity ratio of 3.33 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Caesars Entertainment Inc (CZR) had a return on assets of -1.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Caesars Entertainment Inc (CZR) has an Altman Z-Score of 0.51, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Caesars Entertainment Inc (CZR) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Caesars Entertainment Inc (CZR) has an earnings quality ratio of -2.59x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Caesars Entertainment Inc (CZR) has an interest coverage ratio of 0.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Caesars Entertainment Inc (CZR) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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