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MARKETS / NASDAQ / PENN
NASDAQ · HOTELS & MOTELS · LARGE CAP

Penn Entertainment, Inc. PENN

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$7.0B
▲ 5.8% YoY
$-843.1M
In brief

What this company does

PENN Entertainment, Inc. operates in 28 jurisdictions throughout North America, with a portfolio of casinos, racetracks, and online sports betting and iCasino offerings. It has five reportable segments: Northeast, South, West, Midwest, and Interactive. The Northeast, South, West and Midwest segments generate revenue primarily from gaming operations such as slot machines and table games, food and beverage offerings, and hotel visitation. The Interactive segment includes the company's online sports betting, iCasino and social gaming operations, management of retail sports betting, media, and, between February and August 2023, the operating results of Barstool Sports, Inc. As of December 31, 2025, it owned, managed, or had ownership interests in 42 gaming and racing properties in 19 states, and offered live sports betting at its properties in 14 states. As of December 31, 2025, the company had approximately 23,441 full-time and part-time employees, including approximately 4,286 active union employees covered by 35 collective bargaining agreements. Its PENN Play customer loyalty program has over 33 million members.

Written from the business description in PENN Entertainment, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth
USD 7.0B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 7.0 · Net income -0.8
2.5B5.0B-0.4B-0.8B2008201120142017202020232025
Compound annual growth
+2.8%
+14.2%
+9.4%
+7.2%
−15.8%
+19.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.2% a year over five years.

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
−12 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -9.7% · Net -12.1%
5%10%15%-10%-20%2008201120142017202020232025
ROE
FY2025 · ROE -35.9%
10%20%-20%-40%-60%2008201120142017202020232025

Each USD of equity lost 36 cents this year.

Cash & shareholders
USD 354.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2022 · FCF 614.8
250.0M500.0M2008201120142017202020232025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 0.4
0.2B0.4B-0.5B-1.0B2008201120172019202120232025

USD 354.4M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 14.3B
EquityUSD 1.8B
CashUSD 686.6M
Gross debtUSD 2.9B
Net debtUSD 2.2B
Current ratio0.79×

Net debt stands at 120% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B7.06.66.46.45.93.65.33.63.33.22.82.62.82.72.72.52.42.4
Operating income $B−0.70.1−0.71.01.1−0.40.60.60.40.50.50.3−0.40.40.50.2−0.2−0.1
EBITDA $B−0.40.4−0.41.31.4−0.11.00.90.70.80.70.5−0.10.60.70.4−0.0·
Income tax $B0.0−0.0−0.0−0.00.1−0.20.0−0.0−0.50.00.10.0−0.00.10.10.1−0.10.1
Net income $B−0.8−0.3−0.50.20.4−0.70.00.10.50.10.0−0.2−0.60.20.2−0.1−0.3−0.2
Free cash flow $B···0.60.70.20.50.30.40.30.30.10.30.10.40.10.00.1
EPS, diluted $−5.83−2.05−3.221.292.48−5.000.370.935.071.190.01−2.34−7.442.032.26−0.76−3.39−1.81
Dividend / sh $··················
Payout %··················
ROE %−35.9−10.3−14.45.812.5−29.73.428.4····−68.810.013.0−3.3−14.3·
Shares out B·····0.160.120.120.090.090.080.080.08·····

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

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityHotels & Motels
Listed onNASDAQ
Incorporated inPennsylvania
Fiscal year endsDecember 31
Data on record since2008

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