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
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
Earnings & Revenue
Caesars Entertainment Inc generated $11.5B in revenue in fiscal year 2025. This represents an increase of 2.1% from the prior year.
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.
Caesars Entertainment Inc reported -$502.0M in net income in fiscal year 2025. This represents a decrease of 80.6% from the prior year.
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
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.
Caesars Entertainment Inc held $887.0M in cash against $11.7B in long-term debt as of fiscal year 2025.
Caesars Entertainment Inc had 204M shares outstanding in fiscal year 2025. This represents a decrease of 3.7% from the prior year.
Margins & Returns
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.
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.
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
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.
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
What is Caesars Entertainment Inc's annual revenue?
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.
How fast is Caesars Entertainment Inc's revenue growing?
Caesars Entertainment Inc (CZR) revenue grew by 2.1% year-over-year, from $11.2B to $11.5B in fiscal year 2025.
Is Caesars Entertainment Inc profitable?
No, Caesars Entertainment Inc (CZR) reported a net income of -$502.0M in fiscal year 2025, with a net profit margin of -4.4%.
What is Caesars Entertainment Inc's EBITDA?
Caesars Entertainment Inc (CZR) had EBITDA of $3.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Caesars Entertainment Inc have?
As of fiscal year 2025, Caesars Entertainment Inc (CZR) had $887.0M in cash and equivalents against $11.7B in long-term debt.
What is Caesars Entertainment Inc's operating margin?
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.
What is Caesars Entertainment Inc's net profit margin?
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.
What is Caesars Entertainment Inc's return on equity (ROE)?
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.
What is Caesars Entertainment Inc's free cash flow?
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.
What is Caesars Entertainment Inc's operating cash flow?
Caesars Entertainment Inc (CZR) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Caesars Entertainment Inc's total assets?
Caesars Entertainment Inc (CZR) had $31.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Caesars Entertainment Inc's capital expenditures?
Caesars Entertainment Inc (CZR) invested $805.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Caesars Entertainment Inc's current ratio?
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.
What is Caesars Entertainment Inc's debt-to-equity ratio?
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.
What is Caesars Entertainment Inc's return on assets (ROA)?
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.
What is Caesars Entertainment Inc's Altman Z-Score?
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.
What is Caesars Entertainment Inc's Piotroski F-Score?
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.
Are Caesars Entertainment Inc's earnings high quality?
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.
Can Caesars Entertainment Inc cover its interest payments?
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.
How financially healthy is Caesars Entertainment Inc?
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.