Caesars Entertainment, Inc. (CZR) Financial Ratios
30 years of historical data (1996–2025) · Consumer Cyclical · Gambling, Resorts & Casinos
EV/EBITDA
↓
8.99
↓-19% vs avg
5yr avg: 11.03
30Y Low7.2·High48.2
P/FCF
↓
11.47
↓-90% vs avg
5yr avg: 111.32
30Y Low3.0·High65.8
P/B Ratio
↓
1.65
↓-30% vs avg
5yr avg: 2.37
30Y Low0.5·High10.1
ROE
↑
-12.5%
↑-45% vs avg
5yr avg: -8.6%
30Y Low-138%·High64%
Debt/EBITDA
↓
7.54
↓-6% vs avg
5yr avg: 7.99
30Y Low2.6·High16.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CZR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Caesars Entertainment, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 11.5x P/FCF, 90% below the 5-year average of 111.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.0B | $4.9B | $7.2B | $10.1B | $8.9B | $19.7B | $9.7B | $1.1B | $530M | $862M | $831M |
| Enterprise Value | $31.4B | $30.3B | $31.4B | $34.2B | $33.3B | $44.9B | $34.8B | $4.6B | $4.5B | $2.9B | $1.6B |
| P/E Ratio → | -12.10 | — | — | 12.88 | — | — | — | 13.20 | 5.57 | 11.71 | 34.00 |
| P/S Ratio | 0.52 | 0.42 | 0.64 | 0.88 | 0.82 | 2.06 | 2.66 | 0.42 | 0.26 | 0.58 | 0.92 |
| P/B Ratio | 1.65 | 1.32 | 1.64 | 2.15 | 2.37 | 4.35 | 1.92 | 0.96 | 0.51 | 0.91 | 2.78 |
| P/FCF | 11.47 | 9.36 | — | 18.58 | 387.06 | 30.27 | — | 7.54 | 3.02 | 18.48 | 17.56 |
| P/OCF | 4.50 | 3.67 | 6.45 | 5.60 | 9.13 | 16.84 | — | 3.42 | 1.64 | 6.64 | 8.77 |
P/E links to full P/E history page with 30-year chart
CZR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Caesars Entertainment, Inc.'s enterprise value stands at 9.0x EBITDA, 19% below its 5-year average of 11.0x. The Consumer Cyclical sector median is 12.1x, placing the stock at a 26% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.64 | 2.79 | 2.97 | 3.08 | 4.69 | 9.60 | 1.82 | 2.20 | 1.98 | 1.74 |
| EV / EBITDA | 8.99 | 8.68 | 8.65 | 9.16 | 11.31 | 17.37 | 174.15 | 7.25 | 9.67 | 14.53 | 10.32 |
| EV / EBIT | 15.12 | 14.59 | 13.93 | 14.91 | 19.45 | 43.12 | — | 11.19 | 14.72 | 51.74 | 17.74 |
| EV / FCF | — | 58.31 | — | 62.74 | 1447.45 | 68.91 | — | 32.45 | 25.80 | 62.57 | 33.18 |
CZR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Caesars Entertainment, Inc. earns an operating margin of 18.1%, significantly above the Consumer Cyclical sector average of 2.0%. Operating margins have compressed from 21.4% to 18.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -12.5% indicates the company is currently destroying shareholder equity. ROIC of 5.4% represents adequate returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.7% | 37.7% | 51.8% | 53.2% | 50.1% | 51.4% | 49.1% | 49.0% | 45.0% | 45.2% | 39.2% |
| Operating Margin | 18.1% | 18.1% | 20.5% | 21.4% | 16.1% | 15.3% | -10.6% | 16.2% | 15.1% | 6.4% | 9.9% |
| Net Profit Margin | -4.4% | -4.4% | -2.5% | 6.8% | -8.3% | -10.6% | -48.4% | 3.2% | 4.6% | 5.0% | 2.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.5% | -12.5% | -6.1% | 18.6% | -21.7% | -21.3% | -57.1% | 7.5% | 9.6% | 11.8% | 8.6% |
| ROA | -1.6% | -1.6% | -0.8% | 2.4% | -2.5% | -2.7% | -8.4% | 1.4% | 2.0% | 3.0% | 1.9% |
| ROIC | 5.4% | 5.4% | 6.0% | 6.5% | 4.5% | 3.7% | -1.6% | 6.4% | 5.8% | 3.5% | 6.3% |
| ROCE | 7.0% | 7.0% | 7.6% | 8.0% | 5.5% | 4.4% | -2.0% | 7.8% | 7.0% | 4.2% | 7.4% |
CZR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Caesars Entertainment, Inc. carries a Debt/EBITDA ratio of 7.5x, which is highly leveraged (58% above the sector average of 4.8x). Net debt stands at $25.5B ($26.3B total debt minus $887M cash). Interest coverage of just 0.9x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 7.15 | 7.15 | 5.73 | 5.31 | 6.78 | 5.78 | 5.35 | 3.35 | 4.10 | 2.32 | 2.68 |
| Debt / EBITDA | 7.54 | 7.54 | 6.91 | 6.72 | 8.64 | 10.16 | 134.66 | 5.89 | 9.03 | 10.91 | 5.26 |
| Net Debt / Equity | — | 6.91 | 5.53 | 5.10 | 6.50 | 5.55 | 5.00 | 3.16 | 3.88 | 2.17 | 2.48 |
| Net Debt / EBITDA | 7.28 | 7.28 | 6.67 | 6.45 | 8.28 | 9.74 | 125.87 | 5.57 | 8.54 | 10.24 | 4.86 |
| Debt / FCF | — | 48.96 | — | 44.16 | 1060.39 | 38.64 | — | 24.91 | 22.78 | 44.09 | 15.62 |
| Interest Coverage | 0.89 | 0.89 | 0.95 | 0.97 | 0.75 | 0.45 | -0.34 | 1.44 | 1.79 | 0.57 | 1.74 |
CZR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.80x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.80 | 0.80 | 0.77 | 0.76 | 0.79 | 1.13 | 2.41 | 0.88 | 1.43 | 1.12 | 1.00 |
| Quick Ratio | 0.78 | 0.78 | 0.75 | 0.74 | 0.77 | 1.12 | 2.40 | 0.85 | 1.37 | 1.05 | 0.89 |
| Cash Ratio | 0.39 | 0.39 | 0.38 | 0.37 | 0.39 | 0.20 | 0.71 | 0.35 | 0.62 | 0.68 | 0.60 |
| Asset Turnover | — | 0.36 | 0.35 | 0.35 | 0.32 | 0.25 | 0.10 | 0.45 | 0.35 | 0.42 | 0.70 |
| Inventory Turnover | 166.51 | 166.51 | 120.42 | 117.28 | 91.54 | 110.64 | 41.95 | 71.61 | 54.92 | 47.83 | 49.46 |
| Days Sales Outstanding | — | 15.13 | 15.26 | 19.25 | 20.61 | 18.00 | 38.83 | 7.80 | 13.53 | 12.59 | 5.96 |
CZR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Caesars Entertainment, Inc. returns 3.8% to shareholders annually primarily through share buybacks.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 7.8% | — | — | — | 7.6% | 18.0% | 8.5% | 2.9% |
| FCF Yield | 8.7% | 10.7% | — | 5.4% | 0.3% | 3.3% | — | 13.3% | 33.1% | 5.4% | 5.7% |
| Buyback Yield | 3.8% | 4.7% | 2.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.7% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.8% | 4.7% | 2.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.7% | 0.0% | 0.0% |
| Shares Outstanding | — | $208M | $215M | $216M | $214M | $211M | $130M | $79M | $78M | $68M | $98M |
Peer Comparison
Compare CZR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CZRYou | $6B | -12.1 | 9.0 | 11.5 | 37.7% | 18.1% | -12.5% | 5.4% | 7.5 |
 MGM | $12B | 61.3 | 32.7 | 7.1 | 44.4% | 5.7% | 5.9% | 1.7% | 27.8 |
 WYNN | $11B | 33.0 | 12.1 | 15.5 | 32.7% | 16.2% | — | 9.3% | 6.9 |
 LVS | $32B | 20.3 | 9.5 | 19.2 | 28.2% | 23.7% | 63.9% | 16.9% | 3.5 |
 BYD | $7B | 3.8 | 8.0 | 16.7 | 42.1% | 21.4% | 88.0% | 12.3% | 2.8 |
 PENN | $3B | -3.6 | 14.6 | — | 27.4% | 3.9% | -36.0% | 1.8% | 11.7 |
 DKNG | $13B | -3166.7 | 50.2 | 19.6 | 41.3% | -0.3% | 0.5% | -0.9% | 7.4 |
 RSI | $3B | 218.0 | 23.1 | 19.9 | 34.6% | 7.7% | 13.3% | — | 0.1 |
 GENI | $2B | -13.5 | — | 23.7 | 23.0% | -15.6% | -17.2% | -16.6% | — |
 LNW | $8B | 26.6 | 11.5 | 24.1 | 70.8% | 21.0% | 48.0% | 11.6% | 3.8 |
 VICI | $28B | 10.0 | 7.5 | 11.1 | 99.2% | 91.1% | 10.1% | 7.6% | — |
| Consumer Cyclical Median | — | 20.8 | 12.1 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 30 years · Updated daily
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CZR — Frequently Asked Questions
Quick answers to the most common questions about buying CZR stock.
What is Caesars Entertainment, Inc.'s P/E ratio?
Caesars Entertainment, Inc.'s current P/E ratio is -12.1x. The historical average is 14.0x.
What is Caesars Entertainment, Inc.'s EV/EBITDA?
Caesars Entertainment, Inc.'s current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.3x.
What is Caesars Entertainment, Inc.'s ROE?
Caesars Entertainment, Inc.'s return on equity (ROE) is -12.5%. The historical average is 1.1%.
Is CZR stock overvalued?
Based on historical data, Caesars Entertainment, Inc. is trading at a P/E of -12.1x. Compare with industry peers and growth rates for a complete picture.
What are Caesars Entertainment, Inc.'s profit margins?
Caesars Entertainment, Inc. has 37.7% gross margin and 18.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Caesars Entertainment, Inc. have?
Caesars Entertainment, Inc.'s Debt/EBITDA ratio is 7.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.