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CZRCaesars Entertainment, Inc.
$29.61$6.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CZR logo

Caesars Entertainment, Inc.

CZR
NASDAQ · Casinos & Gaming
$29.61
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$6.03B
P/E-12.2x
52W High$30.88
Volume15.36M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Leverage and Losses Mask Stable Cash Generation

Caesars Entertainment presents a complex investment case characterized by stable top-line performance and robust operating cash flow, yet undermined by extreme leverage and persistent net losses. Revenue has plateaued near $2.9B per quarter with modest 3.0% gr...

GrowthStable
ProfitabilityWeak
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

CZR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

2/12 Beats

EPS beat 2 of last 12 quarters

02

Valuation risk

-171% Peers

P/E is 171% below peer median

03

Market leadership

RS 64 · Avg

Average momentum (RS Rating: 64)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Oct 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue has been stable near $2.9B with 3.0% growth in Q2 2026, but net losses persist at -$41M due to interest drag, despite operating margins around 17%.

Analyst Consensus+5.1% target
Hold(31 analysts)
10 Buy21 Hold0 Sell

The Bull Case

Upside Catalysts

Upscale casino and hospitality

Caesars offers high-end hotels, casinos, shows, and dining, positioning it as a leader in luxury entertainment.

Strong loyalty program

Caesars Rewards provides access to over 50 destinations with exclusive member benefits, driving customer retention.

Improving free cash flow

Declining capex and growth in the digital segment are boosting free cash flow, supporting financial health.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CZR+25.68%
S&P 500 (^GSPC)+12.39%
1-Year Return
CZR+12.16%
S&P 500 (^GSPC)+15.77%
3-Year Return
CZR-35.80%
S&P 500 (^GSPC)+77.27%
5-Year Return
CZR-73.47%
S&P 500 (^GSPC)+71.38%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-12.2x
Forward P/E
N/A
EV/EBITDA40th %ile
9.0x
FCF YieldCash Flow
8.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-12.2x
12.9x
0th· Low
EV/EBITDA
9.0x
9.2x
40th· Fair
Price/FCF
11.6x
30.3x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$20.10-32.1%
Base (Fair)$101.35+241.9%
Bull$251.41+749.1%
$20.10 Bear$101.35 Base$251.41 Bull
Current Market Price: $29.61
Trades at a 70.8% discount to Base DCF ($101.35)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$11.49B+2.1% YoY
Net income
-$502M-80.6% YoY
Free cash flow
$520M+385.7% YoY
Operating margin
18.1%-2.4 pts YoY
ROIC (TTM)5.4%
Avg ROIC 5Y-
ROE (TTM)-12.5%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate2/12 (17%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 28, 2026
-$0.30-765.0%
vs $0.05
$3.0B+0.5%
vs $3.0B
Q2 2026
Apr 28, 2026
-$0.48-152.6%
vs -$0.19
$2.9B+0.8%
vs $2.8B
Q1 2026
Feb 17, 2026
-$1.23-583.3%
vs -$0.18
$2.9B+1.1%
vs $2.9B
Q4 2025
Oct 28, 2025
-$0.27-145.5%
vs -$0.11
$2.9B-0.9%
vs $2.9B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
WSJ·6d ago
FTC Requests Additional Information Regarding Fertitta, Caesars Merger

The request comes after billionaire Tilman Fertitta in May reached an agreement to buy Caesars Entertainment for $5.7 billion.

Business Wire·Sep 14, 2026
Alex Warren Set to Celebrate New Year's Eve With Two-Night Engagement at The Colosseum at Caesars Palace December 30 & 31, 2026

LAS VEGAS--(BUSINESS WIRE)--GRAMMY-nominated, chart-topping singer-songwriter Alex Warren, whose new album WILDCHILD is out now, will close out 2026 with two special performances at The Colosseum at Caesars Palace on Wednesday, Dec. 30, and Thursday, Dec. 31, 2026. Pre-sales will run throughout the week ahead of the general on sale beginning Friday, Sept. 18 at 10 a.m. PT at ticketmaster.com. About Alex Warren After years of grinding to be heard, GRAMMY® Award-nominated multiplatinum Southern C.

Seeking Alpha·Sep 14, 2026
2 REITs, $0 I'd Invest: Here's My Case Against The Crowd Favorites

Most equity REITs are uninvestable for high dividend-seeking investors. However, there are some gems to be found. Bargain-hunting high-quality names could be a reasonable approach.

PRNewsWire·Sep 11, 2026
Are LNTH, ITGR, CZR Obtaining Fair Deals for their Shareholders?

/PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws

Filtered for Caesars Entertainment, Inc.More Headlines
04

Compare before deciding

Benchmark CZR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Caesars Entertainment, Inc. (CZR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CZR logoCZRCaesars Entertainment, Inc.Current
$29.61$6.03B-12.242.14%-4.37%-12.45%—
MGM logoMGMMGM Resorts International
$37.85$9.52B49.801.72%2.4%12.69%—
WYNN logoWYNNWynn Resorts, Limited
$81.45$8.45B25.940.14%6.05%——
LVS logoLVSLas Vegas Sands Corp.
$39.19$25.38B16.6815.22%12.79%108.81%—
BYD logoBYDBoyd Gaming Corporation
$71.74$5.21B3.184.12%44.34%70.52%—
PENN logoPENNPENN Entertainment, Inc.
$15.56$2.08B-2.675.82%-12.66%-48.65%—

Compare CZR vs Peers

Caesars Entertainment, Inc. (CZR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MGM

Most directly comparable listed peer for CZR.

Scale Benchmark

vs MAR

Larger-name benchmark to compare CZR against a more recognizable public peer.

Peer Set

Compare Top 5

vs MGM, WYNN, LVS, BYD

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CZR SEC Filings & Documents

Caesars Entertainment, Inc. (CZR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 28, 2026·SEC

Material company update

Jul 8, 2026·SEC

Material company update

Jun 12, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 17, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 20, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 28, 2026·SEC

FY 2026

Apr 28, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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CZR Frequently Asked Questions

Caesars Entertainment, Inc. (CZR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Caesars Entertainment, Inc.'s revenue?

Caesars Entertainment, Inc. (CZR) reported $11.65B in revenue for fiscal year 2025. This represents a 634% increase from $1.59B in 1996.

How fast is Caesars Entertainment, Inc. growing?

Caesars Entertainment, Inc. (CZR) grew revenue by 2.1% over the past year. Growth has been modest.

Is CZR profitable?

Caesars Entertainment, Inc. (CZR) reported a net loss of $444.0M for fiscal year 2025.

Dividend & Returns
What is CZR's return on equity?

Caesars Entertainment, Inc. (CZR) has a return on equity (ROE) of -12.5%. Negative ROE indicates the company is unprofitable.

What is Caesars Entertainment, Inc.'s free cash flow?

Caesars Entertainment, Inc. (CZR) generated $610.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in CZR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →