CZR vs PENN
Caesars Entertainment, Inc. and Penn Entertainment, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CZR | PENN |
|---|---|---|
| Revenue | $11.5B | $7.0B |
| Net income | $-502.0M | $-843.1M |
| Gross margin | · | · |
| Net margin | −3.8% | −12.1% |
| Return on equity | −13.1% | −35.9% |
| Diluted EPS | −$2.42 | −$5.83 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $497.0M | · |
| Equity | $3.5B | $1.8B |
| Net debt / equity | 3.11× | 1.20× |
| Current ratio | 0.80× | 0.79× |
| Revenue CAGR 5y | 25.9% | 14.2% |
| Profit CAGR 5y | · | · |
CZR bills 1.7× the revenue of PENN, and both closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CZR | PENN |
|---|---|---|
| FY2025 | $11.5B | $7.0B |
| FY2024 | $11.2B | $6.6B |
| FY2023 | $11.5B | $6.4B |
| FY2022 | $10.8B | $6.4B |
| FY2021 | $9.6B | $5.9B |
| FY2020 | $3.6B | $3.6B |
| FY2019 | $2.5B | $5.3B |
| FY2018 | $2.1B | $3.6B |
| FY2017 | $1.5B | $3.3B |
| FY2016 | $900.5M | $3.2B |
Bottom line
| Fiscal year | CZR | PENN |
|---|---|---|
| FY2025 | $-502.0M | $-843.1M |
| FY2024 | $-278.0M | $-311.5M |
| FY2023 | $786.0M | $-490.0M |
| FY2022 | $-899.0M | $222.1M |
| FY2021 | $-1.0B | $420.8M |
| FY2020 | $-1.8B | $-669.5M |
| FY2019 | $81.0M | $43.9M |
| FY2018 | $95.0M | $93.5M |
| FY2017 | $73.4M | $473.4M |
| FY2016 | $24.5M | $109.3M |
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$4,525,000,000 | CZR |
| FY2024 | +$4,666,900,000 | CZR |
| FY2023 | +$5,165,100,000 | CZR |
| FY2022 | +$4,419,300,000 | CZR |
| FY2021 | +$3,665,000,000 | CZR |
| FY2020 | +$49,300,000 | CZR |
| FY2019 | −$2,773,400,000 | PENN |
| FY2018 | −$1,531,900,000 | PENN |
| FY2017 | −$1,850,702,000 | PENN |
| FY2016 | −$2,308,576,000 | PENN |
| FY2015 | −$2,118,574,000 | PENN |
| FY2014 | −$2,228,704,000 | PENN |
| FY2013 | −$2,530,700,000 | PENN |
| FY2012 | −$2,392,552,000 | PENN |
The higher-revenue side has changed between CZR and PENN over this period. The gap has widened since the earliest year compared.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +8.3 pp | CZR |
| FY2024 | +2.9 pp | CZR |
| FY2023 | +14.9 pp | CZR |
| FY2022 | −11.9 pp | PENN |
| FY2021 | −17.7 pp | PENN |
| FY2020 | −29.8 pp | PENN |
| FY2019 | +2.4 pp | CZR |
| FY2018 | +2.0 pp | CZR |
| FY2017 | −9.3 pp | PENN |
| FY2016 | −0.7 pp | PENN |
| FY2015 | +15.8 pp | CZR |
| FY2014 | +3.1 pp | CZR |
| FY2013 | +28.6 pp | CZR |
| FY2012 | −8.2 pp | PENN |
The higher net margin has changed hands between CZR and PENN over this period.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CZR's net margin has been more volatile than PENN's over the 14 comparable fiscal years — 14.4 percentage points of standard deviation against 9.8.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CZR and PENN over these 14 fiscal years — CZR led in 8 and PENN in 6.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CZR's return on equity has been more volatile than PENN's over the 8 comparable fiscal years — 21.6 percentage points of standard deviation against 17.2.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CZR and PENN over these 8 fiscal years — CZR led in 4 and PENN in 4.
8 of 18 comparable fiscal years — a year missing data on either side is not counted.