Dave & Buster's Entertainment, Inc. (PLAY) 10-Year Financial Performance & Capital Metrics

PLAY • • Industrial / General

Communication ServicesEntertainmentThemed Entertainment & ExperiencesFamily Entertainment Centers

AboutDave & Buster's Entertainment, Inc. owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events. The company operates its venues under the Dave & Buster's name. As of January 30, 2022, it owned and operated 144 stores located in 40 states, Puerto Rico, and one Canadian Province. The company was founded in 1982 and is headquartered in Coppell, Texas.Show more

Revenue $2.13B -3.3%
EBITDA $459M -11.0%
Net Income $58M -54.1%
EPS (Diluted) 1.46 -49.3%
Gross Margin 85.26% +159.7%
EBITDA Margin 21.5% -7.9%
Operating Margin 10.33% -25.7%
Net Margin 2.73% -52.5%
ROE 29.37% -23.4%
ROIC 5.09% -30.2%
Debt/Equity 21.53 +80.4%
Interest Coverage 1.62 -30.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 35.9%
✓High quality earnings: Operating CF exceeds net income
✓Share count reduced 9.2% through buybacks

✗Weaknesses

✗High debt to equity ratio of 21.5x
✗Profits declining 10.3% over 5 years
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.06%

5Y9.5%

3Y17.82%

TTM-4.07%

Profit (Net Income) CAGR

10Y22.54%

5Y-10.28%

3Y-18.75%

TTM-99.65%

EPS CAGR

10Y21.4%

5Y-13.06%

3Y-12.91%

TTM-101.98%

ROCE

10Y Avg9.63%

5Y Avg4.47%

3Y Avg8.47%

Latest6.39%

Peer Comparison

Family Entertainment Centers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PLAYDave & Buster's Entertainment, Inc.	670.02M	19.32	13.23	-3.29%	0.01%	0.23%		21.53
LUCKLucky Strike Entertainment Corporation	748.71M	9.23	-71	4.05%	-3.8%		4.83%

Profit & Loss

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	866.98M	1.01B	1.14B	1.27B	1.35B	436.51M	1.3B	1.96B	2.21B	2.13B
Revenue Growth %	0.16%	0.16%	0.13%	0.11%	0.07%	-0.68%	1.99%	0.51%	0.12%	-0.03%
Cost of Goods Sold+	162.81M	180.3M	196.67M	220.26M	233.31M	74.91M	204.97M	308.86M	1.48B	314.4M
COGS % of Revenue	0.19%	0.18%	0.17%	0.17%	0.17%	0.17%	0.16%	0.16%	0.67%	0.15%
Gross Profit+	704.17M	824.86M	943.12M	1.05B	1.12B	361.61M	1.1B	1.66B	723.9M	1.82B
Gross Margin %	0.81%	0.82%	0.83%	0.83%	0.83%	0.83%	0.84%	0.84%	0.33%	0.85%
Gross Profit Growth %	0.17%	0.17%	0.14%	0.11%	0.07%	-0.68%	2.04%	0.51%	-0.56%	1.51%
Operating Expenses+	594.14M	674.34M	777.35M	884.04M	973.3M	614.22M	911.9M	1.39B	417.3M	1.6B
OpEx % of Revenue	0.69%	0.67%	0.68%	0.7%	0.72%	1.41%	0.7%	0.71%	0.19%	0.75%
Selling, General & Admin	253.73M	283.3M	316.29M	358.44M	392.44M	164.69M	362.8M	607.4M	197.7M	623M
SG&A % of Revenue	0.29%	0.28%	0.28%	0.28%	0.29%	0.38%	0.28%	0.31%	0.09%	0.29%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	340.41M	391.04M	461.06M	525.59M	580.86M	449.53M	549.14M	784.49M	219.6M	974.9M
Operating Income+	110.04M	150.52M	165.77M	161M	148.08M	-252.61M	187.18M	262.51M	306.6M	220.4M
Operating Margin %	0.13%	0.15%	0.15%	0.13%	0.11%	-0.58%	0.14%	0.13%	0.14%	0.1%
Operating Income Growth %	0.49%	0.37%	0.1%	-0.03%	-0.08%	-2.71%	1.74%	0.4%	0.17%	-0.28%
EBITDA+	188.7M	238.82M	268.54M	279.27M	280.54M	-113.82M	325.51M	431.81M	515.1M	458.6M
EBITDA Margin %	0.22%	0.24%	0.24%	0.22%	0.21%	-0.26%	0.25%	0.22%	0.23%	0.22%
EBITDA Growth %	0.3%	0.27%	0.12%	0.04%	0%	-1.41%	3.86%	0.33%	0.19%	-0.11%
D&A (Non-Cash Add-back)	78.66M	88.31M	102.77M	118.28M	132.46M	138.79M	138.33M	169.3M	208.5M	238.2M
EBIT	102.18M	150.64M	164.3M	160.15M	147.41M	-255.68M	187.2M	257.57M	283.4M	205.2M
Net Interest Income+	-11.48M	-6.84M	-8.43M	-13.05M	-20.94M	-36.89M	-53.9M	-83.28M	-127.4M	-135.3M
Interest Income	308K	271K	224K	136K	0	0	53.91M	628K	4.7M	400K
Interest Expense	11.79M	7.11M	8.65M	13.11M	20.94M	36.89M	53.91M	83.9M	132.1M	135.7M
Other Income/Expense	-18.29M	-6.99M	-9.38M	-13.11M	-20.94M	-37.79M	-59.53M	-88.84M	-143.5M	-150.5M
Pretax Income+	91.75M	143.53M	156.39M	147.89M	127.14M	-290.41M	127.65M	173.67M	163.1M	69.9M
Pretax Margin %	0.11%	0.14%	0.14%	0.12%	0.09%	-0.67%	0.1%	0.09%	0.07%	0.03%
Income Tax+	32.13M	52.74M	35.44M	30.67M	26.88M	-83.43M	19.01M	36.53M	36.2M	11.6M
Effective Tax Rate %	0.65%	0.63%	0.77%	0.79%	0.79%	0.71%	0.85%	0.79%	0.78%	0.83%
Net Income+	59.62M	90.8M	120.95M	117.22M	100.26M	-206.97M	108.7M	137.1M	126.9M	58.3M
Net Margin %	0.07%	0.09%	0.11%	0.09%	0.07%	-0.47%	0.08%	0.07%	0.06%	0.03%
Net Income Growth %	6.81%	0.52%	0.33%	-0.03%	-0.14%	-3.06%	1.53%	0.26%	-0.07%	-0.54%
Net Income (Continuing)	59.62M	90.8M	120.95M	117.22M	100.26M	-206.97M	108.7M	137.1M	126.9M	58.3M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.39	2.10	2.84	2.93	2.94	-4.75	2.21	2.79	2.88	1.46
EPS Growth %	5.62%	0.51%	0.35%	0.03%	0%	-2.62%	1.47%	0.26%	0.03%	-0.49%
EPS (Basic)	1.46	2.16	2.93	3.00	3.00	-4.75	2.26	2.83	2.94	1.49
Diluted Shares Outstanding	42.78M	43.29M	42.58M	39.98M	34.1M	43.55M	49.26M	49.18M	44.07M	40.01M
Basic Shares Outstanding	40.97M	41.95M	41.28M	39.05M	33.45M	43.55M	48.14M	48.5M	43.2M	39.07M
Dividend Payout Ratio	-	-	-	0.1%	0.16%	-	-	-	-	-

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	110.08M	75.6M	94.91M	91.09M	78.98M	118.87M	145.57M	293.71M	137.5M	94.4M
Cash & Short-Term Investments	25.5M	20.08M	18.8M	21.59M	24.66M	11.89M	25.91M	181.59M	37.3M	6.9M
Cash Only	25.5M	20.08M	18.8M	21.59M	24.66M	11.89M	25.91M	181.59M	37.3M	6.9M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	4.15M	5.9M	0	0	0	70.06M	64.92M	47.2M	44.8M	29.2M
Days Sales Outstanding	1.75	2.14	-	-	-	58.59	18.17	8.77	7.41	5
Inventory	19.53M	21.86M	27.56M	27.32M	34.48M	23.81M	40.32M	45.42M	37.2M	39.8M
Days Inventory Outstanding	43.78	44.25	51.15	45.26	53.94	116.01	71.8	53.68	9.17	46.21
Other Current Assets	47.96M	11.93M	29.5M	21.48M	5.58M	1.23M	3.1M	21.7M	0	0
Total Non-Current Assets+	894.46M	977.13M	1.1B	1.18B	2.29B	2.23B	2.2B	3.47B	3.62B	3.92B
Property, Plant & Equipment	523.89M	606.87M	726.46M	805.34M	1.91B	1.85B	1.82B	2.51B	2.66B	2.95B
Fixed Asset Turnover	1.65x	1.66x	1.57x	1.57x	0.71x	0.24x	0.72x	0.78x	0.83x	0.72x
Goodwill	272.69M	272.63M	272.57M	272.63M	272.64M	272.6M	272.6M	744.48M	742.5M	742.6M
Intangible Assets	81.24M	79.84M	79M	79M	79M	79M	79M	178.2M	178.2M	178.2M
Long-Term Investments	-46.89M	-17.8M	-24.1M	-25.13M	-27.32M	-29.76M	0	0	0	0
Other Non-Current Assets	16.63M	15.35M	16.31M	18.4M	19.68M	23.89M	-9.96M	-526K	34.2M	37.5M
Total Assets+	1B	1.05B	1.2B	1.27B	2.37B	2.35B	2.35B	3.76B	3.75B	4.02B
Asset Turnover	0.86x	0.95x	0.95x	0.99x	0.57x	0.19x	0.56x	0.52x	0.59x	0.53x
Asset Growth %	0.06%	0.05%	0.14%	0.06%	0.86%	-0.01%	-0%	0.6%	-0%	0.07%
Total Current Liabilities+	156.65M	177.8M	207.82M	244.39M	290.87M	271.64M	311.51M	438.04M	435.6M	433.9M
Accounts Payable	42.84M	55.28M	54.63M	60.43M	65.36M	36.4M	62.49M	84.7M	118.6M	134.4M
Days Payables Outstanding	96.03	111.91	101.38	100.13	102.25	177.37	111.28	100.09	29.22	156.03
Short-Term Debt	7.5M	7.5M	15M	15M	18.52M	8.35M	3.82M	8.5M	9.3M	7M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	49.23M	56.18M	73.81M	79.2M	48.54M	76.35M	66.96M	220.13M	156.1M	33.5M
Current Ratio	0.70x	0.43x	0.46x	0.37x	0.27x	0.44x	0.47x	0.67x	0.32x	0.22x
Quick Ratio	0.58x	0.30x	0.32x	0.26x	0.15x	0.35x	0.34x	0.57x	0.23x	0.13x
Cash Conversion Cycle	-50.51	-65.51	-	-	-	-2.78	-21.32	-37.64	-12.64	-104.83
Total Non-Current Liabilities+	501.55M	435.48M	567.56M	640.96M	1.91B	1.93B	1.76B	2.91B	3.07B	3.44B
Long-Term Debt	329.92M	256.63M	351.25M	378.47M	632.69M	596.39M	431.39M	1.22B	1.28B	1.48B
Capital Lease Obligations	0	0	0	0	1.22B	1.27B	1.28B	1.57B	1.64B	1.58B
Deferred Tax Liabilities	35.35M	14.5M	10.21M	14.63M	19.1M	13.66M	12.01M	66.25M	89.8M	73M
Other Non-Current Liabilities	135.45M	164.36M	206.1M	247.86M	35.78M	50.12M	37.87M	55.67M	51.6M	308.9M
Total Liabilities	658.2M	613.28M	775.38M	885.35M	2.2B	2.2B	2.07B	3.35B	3.5B	3.87B
Total Debt+	330.75M	256.63M	351.25M	378.47M	1.85B	1.86B	1.75B	2.86B	3B	3.14B
Net Debt	305.25M	236.54M	332.45M	356.88M	1.83B	1.85B	1.73B	2.68B	2.96B	3.13B
Debt / Equity	0.95x	0.58x	0.83x	0.98x	10.93x	12.17x	6.37x	6.97x	11.94x	21.53x
Debt / EBITDA	1.75x	1.07x	1.31x	1.36x	6.61x	-	5.39x	6.63x	5.82x	6.84x
Net Debt / EBITDA	1.62x	0.99x	1.24x	1.28x	6.52x	-	5.31x	6.21x	5.75x	6.83x
Interest Coverage	9.33x	21.18x	19.16x	12.28x	7.07x	-6.85x	3.47x	3.13x	2.32x	1.62x
Total Equity+	346.34M	439.45M	421.65M	387.84M	169.65M	153.23M	275.46M	410.54M	251.2M	145.8M
Equity Growth %	0.34%	0.27%	-0.04%	-0.08%	-0.56%	-0.1%	0.8%	0.49%	-0.39%	-0.42%
Book Value per Share	8.10	10.15	9.90	9.70	4.98	3.52	5.59	8.35	5.70	3.64
Total Shareholders' Equity	346.34M	439.45M	421.65M	387.84M	169.65M	153.23M	275.46M	410.54M	251.2M	145.8M
Common Stock	416K	425K	427K	432K	434K	605K	616K	624K	600K	600K
Retained Earnings	66.06M	144.34M	248.31M	353.96M	433.46M	226.49M	335.13M	472.27M	599.2M	657.5M
Treasury Stock	0	-14.82M	-147.33M	-297.13M	-595.04M	-595.97M	-605.43M	-638.98M	-945.3M	-1.12B
Accumulated OCI	-970K	-723K	-249K	-683K	-8.37M	-9.09M	-3.63M	-860K	-900K	-1.6M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	186.98M	231.33M	264.67M	337.62M	288.95M	-49.22M	283.13M	444.47M	364.2M	312.3M
Operating CF Margin %	0.22%	0.23%	0.23%	0.27%	0.21%	-0.11%	0.22%	0.23%	0.17%	0.15%
Operating CF Growth %	1.16%	0.24%	0.14%	0.28%	-0.14%	-1.17%	6.75%	0.57%	-0.18%	-0.14%
Net Income	59.62M	90.8M	120.95M	117.22M	100.26M	-206.97M	108.64M	137.13M	126.9M	58.3M
Depreciation & Amortization	78.66M	88.31M	102.77M	118.28M	132.46M	138.79M	138.33M	169.3M	208.5M	238.2M
Stock-Based Compensation	4.11M	5.83M	8.92M	7.42M	6.86M	6.99M	12.5M	20M	16M	4.6M
Deferred Taxes	7.85M	6.96M	-8.85M	5.47M	6.47M	-3.37M	-7.79M	27.63M	17.2M	-21M
Other Non-Cash Items	-7.5M	-16.3M	3.46M	2.17M	2.88M	21.74M	19.67M	17.25M	36.1M	60.9M
Working Capital Changes	44.24M	55.74M	37.42M	87.05M	40.01M	-6.39M	11.81M	73.16M	-40.5M	-28.7M
Change in Receivables	16.51M	37.09M	9.49M	36.73M	41.86M	-8.58M	5.14M	39.4M	2.5M	15.5M
Change in Inventory	-1.07M	-2.33M	-5.7M	245K	-7.16M	10.67M	-16.51M	-176K	8.1M	-2.6M
Change in Payables	3.39M	832K	-4.07M	11.12M	2.03M	-9.58M	14.29M	1.2M	-1.3M	-11.9M
Cash from Investing+	-161.54M	-159.49M	-216.62M	-203.81M	-227.29M	-81.96M	-91.47M	-1.05B	-329.1M	-529.8M
Capital Expenditures	-162.89M	-180.58M	-219.9M	-216.29M	-228.09M	-83.02M	-92.2M	-234.22M	-330.2M	-530.2M
CapEx % of Revenue	0.19%	0.18%	0.19%	0.17%	0.17%	0.19%	0.07%	0.12%	0.15%	0.25%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	1.35M	21.09M	3.28M	12.48M	800K	595K	700K	1.3M	1.1M	0
Cash from Financing+	-70.82M	-77.26M	-49.34M	-131.02M	-58.59M	118.42M	-177.64M	762.81M	-179.4M	187.1M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-11.57M	-15.72M	-4.89M	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	19.82M	25.07M	76K	3.35M	1.05M	162.49M	1.86M	-9.09M	-7.7M	-181.4M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	24.09M	50.75M	44.77M	121.33M	60.85M	-132.24M	190.93M	210.24M	34M	-217.9M
FCF Margin %	0.03%	0.05%	0.04%	0.1%	0.04%	-0.3%	0.15%	0.11%	0.02%	-0.1%
FCF Growth %	1.56%	1.11%	-0.12%	1.71%	-0.5%	-3.17%	2.44%	0.1%	-0.84%	-7.41%
FCF per Share	0.56	1.17	1.05	3.04	1.78	-3.04	3.88	4.28	0.77	-5.45
FCF Conversion (FCF/Net Income)	3.14x	2.55x	2.19x	2.88x	2.88x	0.24x	2.60x	3.24x	2.87x	5.36x
Interest Paid	10.72M	6.6M	7.85M	12.25M	20.11M	17.92M	44.5M	0	122.3M	0
Taxes Paid	8.01M	28.21M	43.07M	13.46M	27.25M	9.35M	21.5M	0	9.7M	20.1M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	19.71%	23.11%	28.09%	28.96%	35.97%	-128.2%	50.71%	39.97%	38.35%	29.37%
Return on Invested Capital (ROIC)	13.01%	17.01%	17.39%	16.11%	8.09%	-9.46%	7%	7.73%	7.29%	5.09%
Gross Margin	81.22%	82.06%	82.74%	82.59%	82.78%	82.84%	84.28%	84.28%	32.83%	85.26%
Net Margin	6.88%	9.03%	10.61%	9.26%	7.4%	-47.42%	8.34%	6.98%	5.75%	2.73%
Debt / Equity	0.95x	0.58x	0.83x	0.98x	10.93x	12.17x	6.37x	6.97x	11.94x	21.53x
Interest Coverage	9.33x	21.18x	19.16x	12.28x	7.07x	-6.85x	3.47x	3.13x	2.32x	1.62x
FCF Conversion	3.14x	2.55x	2.19x	2.88x	2.88x	0.24x	2.60x	3.24x	2.87x	5.36x
Revenue Growth	16.1%	15.94%	13.39%	11.01%	7.06%	-67.78%	198.74%	50.64%	12.26%	-3.29%

Revenue by Segment

	2014	2018	2019	2020	2021	2022	2023	2024
Entertainment	-	-	-	-	-	-	1.43B	1.39B
Entertainment Growth	-	-	-	-	-	-	-	-3.05%
Food and Beverage	-	536.47M	563.58M	159.5M	436.64M	678.33M	770.5M	741.7M
Food and Beverage Growth	-	-	5.05%	-71.70%	173.75%	55.35%	13.59%	-3.74%
Product and Service, Other	-	728.83M	791.12M	277.01M	867.42M	1.29B	-	-
Product and Service, Other Growth	-	-	8.55%	-64.98%	213.14%	48.27%	-	-

Revenue by Geography

	2014	2018	2019	2020	2021	2022	2023	2024
CANADA	-	-	18.65M	2.9M	6.86M	24.12M	-	-
CANADA Growth	-	-	-	-84.47%	136.81%	251.74%	-	-
MARYLAND	5.42M	-	-	-	-	-	-	-
MARYLAND Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Dave & Buster's Entertainment, Inc. (PLAY) has a price-to-earnings (P/E) ratio of 13.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Dave & Buster's Entertainment, Inc. (PLAY) reported $2.11B in revenue for fiscal year 2024. This represents a 289% increase from $541.5M in 2011.

Dave & Buster's Entertainment, Inc. (PLAY) saw revenue decline by 3.3% over the past year.

Yes, Dave & Buster's Entertainment, Inc. (PLAY) is profitable, generating $0.3M in net income for fiscal year 2024 (2.7% net margin).

Dividend & Returns

Dave & Buster's Entertainment, Inc. (PLAY) has a return on equity (ROE) of 29.4%. This is excellent, indicating efficient use of shareholder capital.

Dave & Buster's Entertainment, Inc. (PLAY) had negative free cash flow of $175.0M in fiscal year 2024, likely due to heavy capital investments.

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