Caesars Entertainment vs Penn Entertainment
Caesars Entertainment reported revenue of $11.5 billion in fiscal 2025, 1.7 times Penn Entertainment's $7.0 billion in fiscal 2025. Caesars Entertainment's revenue grew 2.1% in its latest year, and Penn Entertainment's grew 5.8%. Caesars Entertainment had an operating margin of 16.2%, against -9.7% at Penn Entertainment. Free cash flow was $497 million at Caesars Entertainment and −$140 million at Penn Entertainment.
Side by side
| Caesars Entertainment | Penn Entertainment | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $11.5B | $7.0B |
| Revenue growth | 2.1% | 5.8% |
| Revenue growth a year, last 5 years | 25.9% | 14.2% |
| Gross margin | — | — |
| Operating margin | 16.2% | −9.7% |
| Net margin | −4.4% | −12.1% |
| Free cash flow | $497M | −$140M |
| Free cash flow margin | 4.3% | −2.0% |
| Return on capital | 9.6% | −8.1% |
| Net debt to EBITDA | 3.4x | — |
| Dividends and buybacks | $229M | $354M |
| Change in diluted share count | −3.3% | −4.9% |
| Last close | $28.99 | $14.90 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | bought $18,690, sold $18.4 million | bought $1.0 million, sold $115,891 |
| Piotroski F-score | 6 of 8 | 4 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Caesars EntertainmentPenn Entertainment
Operating margin
Percent of revenue
Caesars EntertainmentPenn Entertainment
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Caesars EntertainmentPenn Entertainment
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Caesars Entertainment and Penn Entertainment pages.