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MARKETS / NASDAQ / Consumer discretionary / Hotels and lodging / 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

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

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-0.3B-0.6B
2008201120142017202020232025
Compound annual growth
+2.8%
+14.2%
+9.4%
+7.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.2% 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

−12 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -9.7% · Net -12.1%
5%10%15%-10%-20%
200820162025
ROE
FY2025 · ROE -35.9%
5%10%-10%-20%-30%
200820162025
Three returns, three denominators.
Gross margin·
Operating margin-9.7%
Net margin-12.1%
EBITDAUSD -357.3M

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
250.0M500.0M
200820162025
Net buybacks $B Dividends $B
FY2025 · Dividends · · Net buybacks 0.4
0.25B0.50B-0.50B-1.00B
2008201120172019202120232025
Dividends paid·
Net buybacksUSD 354.4M
Share of profit-42.0%
Consecutive raises·

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—not applicable◌not available in our data
PENN, 18-year financial record
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 % — not applicable: no dividend——————————————————
ROE %−35.9−10.3−14.45.812.5−29.73.4——————10.013.0−3.3−13.6−7.5
Shares out B◌◌◌◌◌0.160.120.120.090.090.080.080.08◌◌◌◌◌

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

Compare

This company against its peers

Penn Entertainment, Inc.vsMarriott International Inc.Same industry: Hotels & MotelsPenn Entertainment, Inc.vsMGM Resorts InternationalSame industry: Hotels & MotelsPenn Entertainment, Inc.vsLAS Vegas Sands Corp.Same industry: Hotels & MotelsPenn Entertainment, Inc.vsHilton Worldwide Holdings Inc.Same industry: Hotels & MotelsPenn Entertainment, Inc.vsCaesars Entertainment, Inc.Same industry: Hotels & MotelsPenn Entertainment, Inc.vsWynn Resorts Ltd.Same industry: Hotels & MotelsPenn Entertainment, Inc.vsHyatt Hotels Corp.Same industry: Hotels & Motels
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Provenance

Company facts, as filed

How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: the share count is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityHotels & Motels
Listed onNASDAQ
Incorporated inPennsylvania
Fiscal year endsDecember 31
Data on record since2008

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