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CZRCaesars Entertainment, Inc.
$29.23$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 & Resorts
$29.23
At close - Nov 6, 4:00 PM EST - USD
Market Cap$5.95B
P/E-11.2x
52W High$30.88
Volume2.36M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Caesars Faces Margin Compression Amid Leverage Risks

Caesars Entertainment appears to be at an inflection point where post-merger tailwinds are fading, with revenue plateauing near $2.9B and year-over-year growth decelerating to 2.5% in Q3 2026 while operating margin compressed 840 basis points from 23.9% in Q4 2024 to 15.5%.

GrowthDecelerating
ProfitabilityStrained
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

1/12 Beats

EPS beat 1 of last 12 quarters

02

Valuation risk

-171% Peers

P/E is 171% below peer median

03

Market leadership

RS 69 · Avg

Average momentum (RS Rating: 69)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Jan 27
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

Operating margin eroded from 23.9% in Q4 2024 to 15.5% in Q3 2026 as quarterly SG&A rose from $477M to $517M against flat $2.9B revenue, indicating negative operating leverage and persistent losses in nine of the last ten quarters.

Analyst Consensus+6.1% 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 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CZR+24.07%
S&P 500 (^GSPC)+7.63%
1-Year Return
CZR+52.56%
S&P 500 (^GSPC)+9.69%
3-Year Return
CZR-33.42%
S&P 500 (^GSPC)+68.98%
5-Year Return
CZR-72.24%
S&P 500 (^GSPC)+56.99%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-11.2x
Forward P/E
N/A
EV/EBITDA60th %ile
9.2x
FCF YieldCash Flow
9.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-11.2x
12.9x
0th· Low
EV/EBITDA
9.2x
9.2x
60th· Fair
Price/FCF
10.2x
30.3x
25th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$24.61-15.8%
Base (Fair)$109.00+272.9%
Bull$270.77+826.3%
$24.61 Bear$109.00 Base$270.77 Bull
Current Market Price: $29.23
Trades at a 73.2% discount to Base DCF ($109.00)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$11.49B+2.1% YoY
Net income FY25
-$502M-80.6% YoY
Free cash flow FY25
$520M+385.7% YoY
Operating margin FY25
18.1%-2.4 pts YoY
ROIC (FY25)5.4%
Avg ROIC 5Y5.2%
ROE (TTM)-14.9%
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 Rate1/12 (8%)
Revenue Beat Rate5/12 (42%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 27, 2026
-$0.61-395.6%
vs -$0.12
$2.9B-0.7%
vs $3.0B
Q3 2026
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
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·Oct 27, 2026
Caesars Entertainment, Inc. Reports Third Quarter 2026 Results

LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)--Caesars Entertainment, Inc., (NASDAQ: CZR) (“Caesars,” “CZR,” “CEI” or the “Company”) today reported operating results for the third quarter ended September 30, 2026. Third Quarter 2026 and Recent Highlights: GAAP net revenues of $2.9 billion versus $2.9 billion for the comparable prior-year period. GAAP net loss attributable to Caesars of $123 million compared to a net loss attributable to Caesars of $55 million for the comparable prior-year period. Con.

Business Wire·Oct 20, 2026
Cyndi Lauper Announces 2027 Dates at The Colosseum at Caesars Palace

LAS VEGAS--(BUSINESS WIRE)--Due to fan demand, Cyndi Lauper has announced that she will return to The Colosseum at Caesars Palace in 2027. Performances of her Las Vegas residency, Cyndi Lauper: Live In Las Vegas, will take place February 19 through 27 and September 3 through 11, 2027.Full information on ticketing and presales is below, with general on sale starting Friday, Oct. 23 at 10 a.m. PT. The show is created and designed in partnership with Cyndi Lauper & Brian Burke Creative.Ticketin.

Defense World·Oct 15, 2026
Caesars Entertainment, Inc. (NASDAQ:CZR) Stock Has Average Target Price of $30.71

Caesars Entertainment, Inc. (NASDAQ: CZR - Get Free Report) has been assigned a consensus rating of "Hold" from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and two have given a buy recommendation to

Business Wire·Oct 13, 2026
THE VILLAS Caesars Palace Ranked Number One Casino Hotel in AAA's Inaugural List

LAS VEGAS--(BUSINESS WIRE)--THE VILLAS Caesars Palace, the exclusive collection of luxury accommodations within the iconic Las Vegas Strip resort, was named Number One casino hotel among 161 AAA-rated casino hotels and resorts across the U.S., Canada, Mexico, Costa Rica and the Caribbean in the inaugural Top 10 ranking. THE VILLAS Caesars Palace also retained its prestigious AAA Five Diamond designation for the second consecutive year. Caesars Palace and Nobu Hotel Caesars Palace once again ear.

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
$29.23$5.95B-11.192.14%-4.55%-14.93%—
MGM logoMGMMGM Resorts International
$32.34$8.14B11.731.72%3.92%20.79%—
WYNN logoWYNNWynn Resorts, Limited
$83.11$8.63B22.490.14%5.2%—2.02%
LVS logoLVSLas Vegas Sands Corp.
$40.73$26.38B15.9015.22%12.05%146.8%2.95%
BYD logoBYDBoyd Gaming Corporation
$76.57$5.56B11.144.12%12.29%19.91%0.93%
PENN logoPENNPENN Entertainment, Inc.
$17.43$2.33B-256.705.82%-0.13%-0.5%—

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

Oct 27, 2026·SEC

Material company update

Jul 28, 2026·SEC

Material company update

Jul 8, 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

Oct 27, 2026·SEC

FY 2026

Jul 28, 2026·SEC

FY 2026

Apr 28, 2026·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 $11.72B in revenue over the trailing twelve months. Revenue was $11.49B in fiscal year 2025. That is 624% more than the $1.59B of fiscal year 1996.

How fast is Caesars Entertainment, Inc. growing?

Caesars Entertainment, Inc. (CZR) grew revenue by 3.1% over the trailing twelve months, compared with the twelve months before.

Is CZR profitable?

No. Caesars Entertainment, Inc. (CZR) reported a net loss of $533.0M over the trailing twelve months.

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

Caesars Entertainment, Inc. (CZR) had a return on equity (ROE) of -14.9% over the trailing twelve months. A negative ROE means the company lost money over the period.

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

Caesars Entertainment, Inc. (CZR) generated $582.0M in free cash flow over the trailing twelve months.

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

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

See returns →