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Caesars Entertainment, Inc. CZR

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$11.5B
▲ 2.1% YoY
$-502.0M
$497.0M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Caesars Entertainment generates revenue primarily through its gaming operations, which include casino properties, retail and online sports betting and online gaming, and it also operates hotels, restaurants, bars, entertainment, racing, retail shops and other services at its properties. As of December 31, 2025, it owned, leased or managed an aggregate of 52 domestic properties in 18 states, and it operated sports wagering across 34 jurisdictions in North America, 27 of which offered online sports betting, along with iGaming in five jurisdictions. Its business operations comprise casino operations, including casino properties, retail and online sports betting and iGaming, along with food and beverage, hotel, casino management or branding, entertainment, retail and other business operations. Its casino operations generate revenue from approximately 51,400 slot machines and 2,700 table games, and represented approximately 58% of its total net revenues in 2025. It has approximately 50,000 Team Members throughout its organization, excluding tribal partnerships. Caesars Entertainment was founded in 1973 by the Carano family with the opening of the Eldorado Hotel Casino in Reno, Nevada, and it grew beginning in 2005 through a series of acquisitions that included Caesars Entertainment Corporation in 2020 and William Hill PLC in 2021.

Written from the business description in Caesars Entertainment, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.

Growth

USD 11.5B
Revenue, FY2025 · full 14-year series below
Revenue $B Net income $B
FY2025 · Revenue 11.5 · Net income -0.5
5B10B-1B-2B
201220152018202120242025
Compound annual growth
+2.0%
+25.9%
+31.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.9% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 16.2% · Net -3.8%
10%20%-20%-40%
201220182025
ROE
FY2025 · ROE -13.1%
20%40%-20%-40%
201220182025
Three returns, three denominators.

Each USD of equity lost 13 cents this year.

Cash & shareholders

USD 229.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 497.0
250.0M500.0M-300.0M-600.0M
201220182025
Net buybacks $B Dividends $B
FY2025 · Dividends · · Net buybacks 0.2
-1B-2B
20142018201920202022202320242025

USD 229.0M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 31.6B
EquityUSD 3.5B
CashUSD 887.0M
Gross debtUSD 11.8B
Net debtUSD 10.9B
Current ratio0.80×

Net debt stands at 311% of equity.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
CZR, 14-year financial record
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B11.511.211.510.89.63.62.52.11.50.90.70.40.20.3
Operating income $B1.92.32.51.71.5−0.40.40.30.10.10.10.00.00.0
EBITDA $B3.33.63.72.92.60.20.60.5◌◌◌0.00.00.0
Income tax $B−0.00.1−0.9−0.0−0.30.10.00.0−0.10.0−0.10.00.00.0
Net income $B−0.5−0.30.8−0.9−1.0−1.80.10.10.10.00.1−0.00.0−0.0
Free cash flow $B0.5−0.20.50.00.7−0.70.10.20.00.10.00.00.00.0
EPS, diluted $−2.42−1.293.64−4.19−4.83−13.501.031.221.080.512.43−0.480.81−0.04
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend——————————————
ROE %−13.1−6.419.0−21.9−21.5−57.37.59.611.98.754.4−12.727.7−1.6
Shares out B0.200.210.220.210.210.210.080.080.080.050.050.050.05◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. Five checks were skipped: EPS is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityHotels & Motels
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2012

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