Stocks · Consumer discretionary · Hotels & Motels

Caesars Entertainment, Inc.

CZR Clue Score34
United States Fiscal year ends December CIK 0001590895
$29.50 -0.07% Close, 9 Oct 2026
Price $29.50 −74.30% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.90Operating income0.09Net income0.02EPS, diluted0.51Fiscal year 2017Revenue1.48 +64.4%Operating income0.09Net income0.07 +199.2%EPS, diluted1.08Fiscal year 2018Revenue2.06 +38.8%Operating income0.31Net income0.10 +29.5%EPS, diluted1.22Fiscal year 2019Revenue2.53 +23.0%Operating income0.41Net income0.08 −14.7%EPS, diluted1.03Fiscal year 2020Revenue3.63 +43.5%Operating income−0.38Net income−1.76 −2,269.1%EPS, diluted−13.50Fiscal year 2021Revenue9.57 +163.8%Operating income1.46Net income−1.02EPS, diluted−4.83Fiscal year 2022Revenue10.82 +13.1%Operating income1.74Net income−0.90EPS, diluted−4.19Fiscal year 2023Revenue11.53 +6.5%Operating income2.47Net income0.79EPS, diluted3.64Fiscal year 2024Revenue11.25 −2.5%Operating income2.30Net income−0.28 −135.4%EPS, diluted−1.29Fiscal year 2025Revenue11.49 +2.1%Operating income1.86Net income−0.50EPS, diluted−2.42
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.90 1.48 2.06 2.53 3.63 9.57 10.82 11.53 11.25 11.49
Growth +64.4% +38.8% +23.0% +43.5% +163.8% +13.1% +6.5% −2.5% +2.1%
Operating income 0.09 0.09 0.31 0.41 −0.38 1.46 1.74 2.47 2.30 1.86
Net income 0.02 0.07 0.10 0.08 −1.76 −1.02 −0.90 0.79 −0.28 −0.50
Growth +199.2% +29.5% −14.7% −2,269.1% −135.4%
EPS, diluted 0.51 1.08 1.22 1.03 −13.50 −4.83 −4.19 3.64 −1.29 −2.42

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin9.9%Net margin2.7%Free cash flow margin5.8%Fiscal year 2017Operating margin6.4%Net margin5.0%Free cash flow margin3.2%Fiscal year 2018Operating margin15.1%Net margin4.6%Free cash flow margin8.6%Fiscal year 2019Operating margin16.2%Net margin3.2%Free cash flow margin5.6%Fiscal year 2020Operating margin−10.6%Net margin−48.4%Free cash flow margin−20.0%Fiscal year 2021Operating margin15.3%Net margin−10.6%Free cash flow margin7.1%Fiscal year 2022Operating margin16.1%Net margin−8.3%Free cash flow margin0.4%Fiscal year 2023Operating margin21.4%Net margin6.8%Free cash flow margin4.7%Fiscal year 2024Operating margin20.5%Net margin−2.5%Free cash flow margin−2.0%Fiscal year 2025Operating margin16.2%Net margin−4.4%Free cash flow margin4.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 9.9% 6.4% 15.1% 16.2% −10.6% 15.3% 16.1% 21.4% 20.5% 16.2%
Net margin 2.7% 5.0% 4.6% 3.2% −48.4% −10.6% −8.3% 6.8% −2.5% −4.4%
Free cash flow margin 5.8% 3.2% 8.6% 5.6% −20.0% 7.1% 0.4% 4.7% −2.0% 4.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.10Capital expenditure−0.04Free cash flow0.05Fiscal year 2017Operating cash flow0.13Capital expenditure−0.08Free cash flow0.05 −10.5%Fiscal year 2018Operating cash flow0.32Capital expenditure−0.15Free cash flow0.18 +277.3%Buybacks−0.01Fiscal year 2019Operating cash flow0.31Capital expenditure−0.17Free cash flow0.14 −19.7%Buybacks0.00Fiscal year 2020Operating cash flow−0.56Capital expenditure−0.16Free cash flow−0.73 −612.3%Buybacks0.00Fiscal year 2021Operating cash flow1.20Capital expenditure−0.52Free cash flow0.68Fiscal year 2022Operating cash flow0.99Capital expenditure−0.95Free cash flow0.04 −94.0%Buybacks0.00Fiscal year 2023Operating cash flow1.81Capital expenditure−1.26Free cash flow0.55 +1,229.3%Buybacks0.00Fiscal year 2024Operating cash flow1.08Capital expenditure−1.30Free cash flow−0.22 −140.6%Buybacks−0.19Fiscal year 2025Operating cash flow1.30Capital expenditure−0.81Free cash flow0.50Buybacks−0.23
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.10 0.13 0.32 0.31 −0.56 1.20 0.99 1.81 1.08 1.30
Capital expenditure −0.04 −0.08 −0.15 −0.17 −0.16 −0.52 −0.95 −1.26 −1.30 −0.81
Free cash flow 0.05 0.05 0.18 0.14 −0.73 0.68 0.04 0.55 −0.22 0.50
Growth −10.5% +277.3% −19.7% −612.3% −94.0% +1,229.3% −140.6%
Buybacks n/a n/a −0.01 0.00 0.00 n/a 0.00 0.00 −0.19 −0.23

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.06Total debt0.80Net cash (debt)−0.74Shareholders’ equity0.30Debt to equity2.70Fiscal year 2017Cash0.13Total debt2.19Net cash (debt)−2.06Shareholders’ equity0.94Debt to equity2.33Fiscal year 2018Cash0.23Total debt3.26Net cash (debt)−3.03Shareholders’ equity1.03Debt to equity3.17Fiscal year 2019Cash0.21Total debt2.57Net cash (debt)−2.37Shareholders’ equity1.12Debt to equity2.30Fiscal year 2020Cash1.78Total debt14.14Net cash (debt)−12.36Shareholders’ equity5.02Debt to equity2.82Fiscal year 2021Cash1.07Total debt13.79Net cash (debt)−12.72Shareholders’ equity4.48Debt to equity3.08Fiscal year 2022Cash1.04Total debt12.77Net cash (debt)−11.73Shareholders’ equity3.71Debt to equity3.44Fiscal year 2023Cash1.01Total debt12.29Net cash (debt)−11.28Shareholders’ equity4.55Debt to equity2.70Fiscal year 2024Cash0.87Total debt12.14Net cash (debt)−11.28Shareholders’ equity4.16Debt to equity2.92Fiscal year 2025Cash0.89Total debt11.78Net cash (debt)−10.90Shareholders’ equity3.50Debt to equity3.36
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.06 0.13 0.23 0.21 1.78 1.07 1.04 1.01 0.87 0.89
Total debt 0.80 2.19 3.26 2.57 14.14 13.79 12.77 12.29 12.14 11.78
Net cash (debt) −0.74 −2.06 −3.03 −2.37 −12.36 −12.72 −11.73 −11.28 −11.28 −10.90
Shareholders’ equity 0.30 0.94 1.03 1.12 5.02 4.48 3.71 4.55 4.16 3.50
Debt to equity 2.70 2.33 3.17 2.30 2.82 3.08 3.44 2.70 2.92 3.36

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020† 31 Dec 2020 FY2021† 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.06 0.13 0.23 0.21 1.78 1.07 1.04 1.01 0.87 0.89
0.01 0.05 0.06 0.05 0.34 0.47 0.61 0.61 0.47 0.48
0.01 0.02 0.02 0.02 0.04 0.04 0.06 0.05 0.05 0.04
0.61 1.50 2.88 2.62 14.33 14.60 n/a n/a n/a n/a
0.07 0.75 1.01 0.91 9.86 11.08 11.00 10.99 10.60 10.44
1.29 3.55 5.91 5.64 36.39 38.03 33.53 33.37 32.59 31.64
Growth +174.1% +66.7% −4.6% +545.0% +4.5% −11.8% −0.5% −2.3% −2.9%
Liabilities
0.00 0.00 0.00 0.25 0.07 0.07 0.11 0.07 0.11 0.11
0.80 2.19 3.26 2.33 14.07 13.72 12.66 12.22 12.03 11.67
calc 0.80 2.19 3.26 2.57 14.14 13.79 12.77 12.29 12.14 11.78
1.00 2.60 4.88 4.52 31.35 33.49 29.78 28.65 28.21 27.95
Equity
0.12 0.19 0.29 0.37 −1.39 −2.41 −3.31 −2.52 −2.80 −3.30
0.30 0.94 1.03 1.12 5.02 4.48 3.71 4.55 4.16 3.50
Growth +218.1% +9.3% +8.5% +349.1% −10.7% −17.1% +22.6% −8.7% −15.7%
Per share and net cash
calc −0.74 −2.06 −3.03 −2.37 −12.36 −12.72 −11.73 −11.28 −11.28 −10.90
47.1 76.8 77.2 77.6 208.0 213.8 214.7 215.8 211.3 202.6
calc 6.28 12.26 13.33 14.40 24.11 20.96 17.30 21.09 19.67 17.29

† The diluted share count jumps at 2020 and 2021, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Lines marked calc are worked out here from filed figures; point at one for how.