Caesars Entertainment (CZR) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Caesars Entertainment

NasdaqGS•Consumer Cyclical•Resorts & Casinos

$28.57-0.28(-0.01%)Pre-market

Market Cap

$5.91B

P/S

0.5x

P/B

1.8x

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. In addition, the company operates as a real estate leasing company, that constructs and develops the Grand Bazaar. The company was founded in 1937 and is based in Reno, Nevada.

How this company scores

AverageMetricSide Score: 41/100

Strongest: Cash & Earnings Quality (16/25); weakest: Balance Sheet & Red Flags (6/25).

Profitability6/25

Growth13/25

Balance Sheet & Red Flags6/25

Cash & Earnings Quality16/25

Strengths

Rising free cash flowConsistent growthNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 12.2x5y range 12.2x – 15.6x

Currently near its 4-quarter median.

P/S · 0.5x5y range 0.4x – 2.1x

Currently below its 20-quarter median.

P/B · 1.8x5y range 1.3x – 4.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 20.5% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -1.1x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $5.91B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $11.72B
Q. Revenue: $2.94B
TTM EBITDA: $3.21B
TTM Op. Income: $1.80B
Q. Op. Income: $457.00M
TTM Net Income: $-533.00M
Q. Net Income: $-123.00M
EPS: $-0.61
Shares Out.: $204.00M

$11.72B in TTM revenue grew 3.1% YoY, reaching $2.94B last quarter. TTM EBITDA of $3.21B and TTM operating income of $1.80B show growth is flowing through to the bottom line. However, net income is negative at $533.00M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 28.0%
Op. Margin: 15.5%
Net Margin: -4.2%

Op. margin of 15.5% is down 2.3% YoY — costs are rising relative to revenue. Net margin at -4.2% Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 0.5x
P/B Ratio: 1.8x

P/S of 0.5x and P/B of 1.8x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $31.37B
Cash: $864.00M
Long-Term Debt: $11.44B
Book Value: $3.28B
D/E Ratio: 3.5
Debt/EBITDA: 13.9

With $31.37B in assets and $11.44B in long-term debt, D/E is 3.5and book value is $3.28B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has risen for 7 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $267.00M
TTM Free Cash Flow: $582.00M
FCF Margin: 5.0%
FCF / Net Income: -1.1

TTM FCF of $582.00M on $267.00M in operating cash flow. The FCF / Net Income ratio of -1.1x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is up 53% — a weakening trend.