CZR Chart
About

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. The company was founded in 1937 and is based in Reno, Nevada.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Resorts & Casinos Market Cap 4.15B
Enterprise Value 29.03B Income -502.00M Sales 11.49B
Book/sh 17.29 Cash/sh 4.36 Dividend Yield —
Payout 0.00% Employees 50000 IPO —
P/E — Forward P/E 18.49 PEG —
P/S 0.36 P/B 1.18 P/C —
EV/EBITDA 8.31 EV/Sales 2.53 Quick Ratio 0.60
Current Ratio 0.80 Debt/Eq 695.12 LT Debt/Eq —
EPS (ttm) -2.43 EPS next Y 1.10 EPS Growth —
Revenue Growth 4.20% Earnings 2026-04-28 ROA 4.04%
ROE -10.84% ROIC — Gross Margin 50.00%
Oper. Margin 18.93% Profit Margin -4.37% Shs Outstand 203.52M
Shs Float 192.55M Short Float 17.57% Short Ratio 6.45
Short Interest — 52W High 36.26 52W Low 17.86
Beta 1.99 Avg Volume 6.16M Volume 4.18M
Target Price $31.22 Recom Buy Prev Close $20.22
Price $20.34 Change 0.59%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$31.22
Mean price target
2. Current target
$20.34
Latest analyst target
3. DCF / Fair value
$61.31
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$20.34
Low
$22.00
High
$41.00
Mean
$31.22

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-18 main JP Morgan Overweight → Overweight $36
2026-02-18 main Barclays Overweight → Overweight $35
2026-02-18 main Truist Securities Buy → Buy $29
2026-02-18 main Citizens Market Outperform → Market Outperform $34
2026-02-18 main Stifel Buy → Buy $36
2026-02-18 main Macquarie Outperform → Outperform $32
2026-01-21 main TD Cowen Buy → Buy $35
2026-01-16 main Morgan Stanley Equal-Weight → Equal-Weight $27
2026-01-08 up Susquehanna Neutral → Positive $31
2025-12-15 down Goldman Sachs Buy → Neutral $24
2025-11-21 init Citigroup — → Neutral $23
2025-11-18 init Wells Fargo — → Equal-Weight $21
2025-11-04 down Jefferies Buy → Hold $22
2025-10-29 main Macquarie Outperform → Outperform $33
2025-10-29 main Goldman Sachs Buy → Buy $25
2025-10-29 main Stifel Buy → Buy $37
2025-10-29 main Citizens Market Outperform → Market Outperform $37
2025-10-29 main JP Morgan Overweight → Overweight $38
2025-10-29 main Truist Securities Buy → Buy $30
2025-10-21 main Truist Securities Buy → Buy $32
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2135 — — Stock Award(Grant) at price 0.00 per share. CARANO GARY L. Officer and Director — 2026-02-17 00:00:00 D
1 11533 — — Stock Award(Grant) at price 0.00 per share. CARANO ANTHONY L President — 2026-02-17 00:00:00 D
2 3986 — — Stock Award(Grant) at price 0.00 per share. LEPORI STEPHANIE D. Officer — 2026-02-17 00:00:00 D
3 9824 — — Stock Award(Grant) at price 0.00 per share. YUNKER BRET Chief Financial Officer — 2026-02-17 00:00:00 D
4 2349 — — Stock Award(Grant) at price 0.00 per share. JONES JOSH Officer — 2026-02-17 00:00:00 D
5 4413 — — Stock Award(Grant) at price 0.00 per share. QUATMANN EDMUND L JR Officer — 2026-02-17 00:00:00 D
6 25629 — — Stock Award(Grant) at price 0.00 per share. REEG THOMAS R Chief Executive Officer — 2026-02-17 00:00:00 D
7 9223 nan — — CARANO GARY L. Officer and Director — 2026-01-29 00:00:00 D
8 53398 nan — — CARANO ANTHONY L Chief Executive Officer — 2026-01-29 00:00:00 D
9 21072 nan — — LEPORI STEPHANIE D. Officer — 2026-01-29 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-12.60M-59.22M-15.02M-107.49M
TaxRateForCalcs0.210.210.070.22
NormalizedEBITDA3.64B3.84B3.12B2.65B
TotalUnusualItems-60.00M-282.00M-207.00M-482.00M
TotalUnusualItemsExcludingGoodwill-60.00M-282.00M-207.00M-482.00M
NetIncomeFromContinuingOperationNetMinorityInterest-278.00M786.00M-513.00M-989.00M
ReconciledDepreciation1.32B1.26B1.21B1.13B
ReconciledCostOfRevenue5.42B5.39B5.40B4.65B
EBITDA3.58B3.56B2.92B2.17B
EBIT2.25B2.29B1.71B1.04B
NetInterestIncome-2.37B-2.34B-2.27B-2.29B
InterestExpense2.38B2.35B2.28B2.31B
InterestIncome11.00M12.00M12.00M16.00M
NormalizedIncome-230.60M1.01B-321.02M-614.49M
NetIncomeFromContinuingAndDiscontinuedOperation-278.00M786.00M-899.00M-1.02B
TotalExpenses8.97B8.97B8.96B7.86B
TotalOperatingIncomeAsReported2.30B2.47B1.74B1.46B
DilutedAverageShares215.00M216.00M214.00M211.00M
BasicAverageShares215.00M215.00M214.00M211.00M
DilutedEPS-1.293.64-4.19-4.83
BasicEPS-1.293.65-4.19-4.83
DilutedNIAvailtoComStockholders-278.00M786.00M-899.00M-1.02B
NetIncomeCommonStockholders-278.00M786.00M-899.00M-1.02B
NetIncome-278.00M786.00M-899.00M-1.02B
MinorityInterests-67.00M-42.00M11.00M-3.00M
NetIncomeIncludingNoncontrollingInterests-211.00M828.00M-910.00M-1.02B
NetIncomeDiscontinuousOperations0.000.00-386.00M-30.00M
NetIncomeContinuousOperations-211.00M828.00M-524.00M-986.00M
TaxProvision87.00M-888.00M-41.00M-283.00M
PretaxIncome-124.00M-60.00M-565.00M-1.27B
OtherIncomeExpense-33.00M-272.00M-161.00M-680.00M
OtherNonOperatingIncomeExpenses27.00M10.00M46.00M-198.00M
SpecialIncomeCharges-60.00M-282.00M-207.00M-482.00M
OtherSpecialCharges89.00M200.00M85.00M236.00M
WriteOff302.00M95.00M108.00M102.00M
ImpairmentOfCapitalAssets108.00M102.00M
RestructuringAndMergernAcquisition-331.00M-13.00M14.00M144.00M
NetNonOperatingInterestIncomeExpense-2.37B-2.34B-2.27B-2.29B
InterestExpenseNonOperating2.38B2.35B2.28B2.31B
InterestIncomeNonOperating11.00M12.00M12.00M16.00M
OperatingIncome2.27B2.55B1.86B1.71B
OperatingExpense3.55B3.58B3.56B3.22B
OtherOperatingExpenses307.00M306.00M286.00M309.00M
DepreciationAmortizationDepletionIncomeStatement1.32B1.26B1.21B1.13B
DepreciationAndAmortizationInIncomeStatement1.32B1.26B1.21B1.13B
SellingGeneralAndAdministration1.92B2.01B2.07B1.78B
GeneralAndAdministrativeExpense1.92B2.01B2.07B1.78B
OtherGandA1.92B2.01B2.07B1.78B
GrossProfit5.83B6.13B5.42B4.92B
CostOfRevenue5.42B5.39B5.40B4.65B
TotalRevenue11.24B11.53B10.82B9.57B
OperatingRevenue10.00B10.19B9.55B8.52B
Line Item2023-12-312022-12-31
TreasurySharesNumber363.02K363.02K
OrdinarySharesNumber211.33M215.80M214.67M213.78M
ShareIssued211.33M216.16M215.03M213.78M
NetDebt11.28B11.28B11.73B12.72B
TotalDebt25.06B25.07B25.43B26.27B
TangibleBookValue-10.58B-10.96B-12.01B-11.52B
InvestedCapital16.30B16.84B16.48B18.27B
WorkingCapital-525.00M-645.00M-566.00M667.00M
NetTangibleAssets-10.58B-10.96B-12.01B-11.52B
CapitalLeaseObligations12.92B12.78B12.66B12.47B
CommonStockEquity4.16B4.55B3.71B4.48B
TotalCapitalization16.19B16.78B16.37B18.20B
TotalEquityGrossMinorityInterest4.38B4.72B3.75B4.54B
MinorityInterest219.00M168.00M38.00M61.00M
StockholdersEquity4.16B4.55B3.71B4.48B
GainsLossesNotAffectingRetainedEarnings96.00M97.00M92.00M36.00M
OtherEquityAdjustments96.00M97.00M92.00M36.00M
TreasuryStock0.0023.00M23.00M23.00M
RetainedEarnings-2.80B-2.52B-3.31B-2.41B
AdditionalPaidInCapital6.86B7.00B6.95B6.88B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest28.21B28.65B29.78B33.49B
TotalNonCurrentLiabilitiesNetMinorityInterest25.94B25.96B27.11B28.19B
OtherNonCurrentLiabilities880.00M871.00M852.00M936.00M
NonCurrentDeferredLiabilities130.00M102.00M987.00M1.11B
NonCurrentDeferredTaxesLiabilities130.00M102.00M987.00M1.11B
LongTermDebtAndCapitalLeaseObligation24.93B24.98B25.27B26.15B
LongTermCapitalLeaseObligation12.90B12.76B12.61B12.42B
LongTermDebt12.03B12.22B12.66B13.72B
CurrentLiabilities2.27B2.69B2.67B5.30B
OtherCurrentLiabilities2.68B
CurrentDeferredLiabilities592.00M749.00M747.00M614.00M
CurrentDeferredRevenue592.00M749.00M747.00M614.00M
CurrentDebtAndCapitalLeaseObligation130.00M88.00M158.00M119.00M
CurrentCapitalLeaseObligation21.00M23.00M50.00M49.00M
CurrentDebt109.00M65.00M108.00M70.00M
OtherCurrentBorrowings109.00M65.00M108.00M70.00M
CurrentProvisions204.00M200.00M203.00M221.00M
PayablesAndAccruedExpenses1.35B1.65B1.56B1.66B
CurrentAccruedExpenses845.00M1.04B1.05B1.23B
InterestPayable242.00M369.00M318.00M320.00M
Payables501.00M610.00M509.00M437.00M
TotalTaxPayable205.00M202.00M195.00M183.00M
AccountsPayable296.00M408.00M314.00M254.00M
TotalAssets32.59B33.37B33.53B38.03B
TotalNonCurrentAssets30.84B31.32B31.43B32.07B
OtherNonCurrentAssets1.10B848.00M1.01B650.00M
NonCurrentDeferredAssets62.00M47.00M0.00
NonCurrentDeferredTaxesAssets62.00M47.00M0.00
InvestmentsAndAdvances131.00M157.00M94.00M158.00M
LongTermEquityInvestment131.00M157.00M94.00M158.00M
InvestmentsinAssociatesatCost158.00M
GoodwillAndOtherIntangibleAssets14.73B15.51B15.72B16.00B
OtherIntangibleAssets4.13B4.52B4.71B4.92B
Goodwill10.60B10.99B11.00B11.08B
NetPPE14.81B14.76B14.60B15.26B
AccumulatedDepreciation-5.16B-4.05B-2.99B-2.00B
GrossPPE19.97B18.80B17.59B17.27B
ConstructionInProgress167.00M762.00M351.00M395.00M
OtherProperties639.00M662.00M
MachineryFurnitureEquipment2.88B2.41B2.05B1.65B
BuildingsAndImprovements14.87B13.54B13.09B12.43B
LandAndImprovements2.06B2.09B2.09B2.12B
Properties0.000.000.000.00
CurrentAssets1.75B2.04B2.10B5.96B
OtherCurrentAssets271.00M264.00M263.00M290.00M
AssetsHeldForSaleCurrent0.003.77B
RestrictedCash95.00M122.00M131.00M319.00M
PrepaidAssets290.00M
Inventory45.00M46.00M59.00M42.00M
Receivables470.00M608.00M611.00M472.00M
DuefromRelatedPartiesCurrent0.00
AccountsReceivable470.00M608.00M611.00M472.00M
AllowanceForDoubtfulAccountsReceivable-99.00M-93.00M-118.00M-130.00M
GrossAccountsReceivable569.00M701.00M729.00M602.00M
CashCashEquivalentsAndShortTermInvestments866.00M1.00B1.04B1.07B
CashAndCashEquivalents866.00M1.00B1.04B1.07B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-236.00M515.00M12.00M340.00M
RepurchaseOfCapitalStock-191.00M0.000.000.00
RepaymentOfDebt-7.68B-6.11B-2.74B-2.35B
IssuanceOfDebt7.53B5.46B1.50B1.31B
IssuanceOfCapitalStock0.000.001.00M3.00M
CapitalExpenditure-1.31B-1.29B-963.00M-832.00M
InterestPaidSupplementalData2.38B2.13B2.01B1.92B
IncomeTaxPaidSupplementalData48.00M26.00M22.00M9.00M
EndCashPosition1.02B1.14B1.30B2.02B
BeginningCashPosition1.14B1.30B2.02B4.28B
EffectOfExchangeRateChanges0.000.00-29.00M32.00M
ChangesInCash-127.00M-160.00M-689.00M-2.29B
OtherCashAdjustmentInsideChangeinCash0.00-29.00M10.00M
FinancingCashFlow-498.00M-713.00M-1.28B-550.00M
CashFromDiscontinuedFinancingActivities0.000.00591.00M
CashFlowFromContinuingFinancingActivities-498.00M-713.00M-1.28B-1.14B
NetOtherFinancingCharges-154.00M-59.00M-42.00M-103.00M
NetCommonStockIssuance-191.00M0.001.00M3.00M
CommonStockPayments-191.00M0.000.000.00
CommonStockIssuance0.000.001.00M3.00M
NetIssuancePaymentsOfDebt-153.00M-654.00M-1.24B-1.04B
NetLongTermDebtIssuance-153.00M-654.00M-1.24B-1.04B
LongTermDebtPayments-7.68B-6.11B-2.74B-2.35B
LongTermDebtIssuance7.53B5.46B1.50B1.31B
InvestingCashFlow-704.00M-1.26B-382.00M-2.92B
CashFromDiscontinuedInvestingActivities0.000.00386.00M-1.48B
CashFlowFromContinuingInvestingActivities-704.00M-1.26B-768.00M-1.45B
NetOtherInvestingChanges36.00M30.00M44.00M
DividendsReceivedCFI39.00M0.000.00
NetInvestmentPurchaseAndSale14.00M4.00M126.00M239.00M
SaleOfInvestment14.00M4.00M126.00M239.00M
NetBusinessPurchaseAndSale0.00-3.00M0.00-899.00M
SaleOfBusiness1.00M39.00M726.00M
PurchaseOfBusiness0.00-3.00M0.00-1.62B
NetIntangiblesPurchaseAndSale-15.00M-30.00M-11.00M-312.00M
PurchaseOfIntangibles-15.00M-30.00M-11.00M-312.00M
NetPPEPurchaseAndSale-742.00M-1.26B-913.00M-520.00M
SaleOfPPE554.00M1.00M39.00M
PurchaseOfPPE-1.30B-1.26B-952.00M-520.00M
OperatingCashFlow1.07B1.81B975.00M1.17B
CashFromDiscontinuedOperatingActivities0.000.00-18.00M-27.00M
CashFlowFromContinuingOperatingActivities1.07B1.81B993.00M1.20B
ChangeInWorkingCapital-475.00M-60.00M-246.00M294.00M
ChangeInOtherWorkingCapital-48.00M-27.00M-6.00M14.00M
ChangeInPayablesAndAccruedExpense-500.00M10.00M-82.00M482.00M
ChangeInPayable-500.00M10.00M-82.00M482.00M
ChangeInAccountPayable-500.00M10.00M-82.00M482.00M
ChangeInPrepaidAssets-13.00M39.00M-15.00M-67.00M
ChangeInReceivables86.00M-82.00M-143.00M-135.00M
ChangesInAccountReceivables86.00M-82.00M-143.00M-135.00M
OtherNonCashItems182.00M211.00M680.00M408.00M
StockBasedCompensation94.00M104.00M101.00M82.00M
ProvisionandWriteOffofAssets49.00M41.00M25.00M26.00M
AssetImpairmentCharge302.00M95.00M108.00M102.00M
DeferredTax87.00M-888.00M-41.00M-283.00M
DeferredIncomeTax87.00M-888.00M-41.00M-283.00M
DepreciationAmortizationDepletion1.32B1.26B1.21B1.13B
DepreciationAndAmortization1.32B1.26B1.21B1.13B
AmortizationCashFlow135.00M144.00M187.00M
AmortizationOfIntangibles135.00M144.00M187.00M
Depreciation1.19B1.12B1.02B1.13B
OperatingGainsLosses-277.00M217.00M71.00M460.00M
GainLossOnInvestmentSecurities-7.00M-5.00M-19.00M234.00M
NetForeignCurrencyExchangeGainLoss0.000.00-21.00M
GainLossOnSaleOfPPE-359.00M22.00M5.00M
GainLossOnSaleOfBusiness22.00M5.00M11.00M
NetIncomeFromContinuingOperations-211.00M828.00M-910.00M-1.02B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for CZR
Date User Asset Broker Type Position Size Entry Price Patterns