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Full House Resorts, Inc. (FLL) 10-Year Financial Performance & Capital Metrics

FLL • • Industrial / General
Consumer CyclicalCasinos & GamingRegional & Local CasinosLocal Market Casino Operators
AboutFull House Resorts, Inc. owns, develops, invests in, operates, manages, and leases casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 757 slot machines and 24 table games, a surface parking lot, and a 129 hotel rooms; an on-site sportsbook, a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as an oyster bar, a casino bar, and a beachfront bar; and 37-space beachfront RV park. It also owns and operates the Bronco Billy's Casino and Hotel in Cripple Creek, Colorado that has gaming space and 14 hotel rooms, as well as a steakhouse and a casual dining outlet. In addition, the company owns and operates the Rising Star Casino Resort in Rising Sun, Indiana, which has 642 slot machines and 16 table games; a land-based pavilion with approximately 31,500 square feet of meeting and convention space; a contiguous 190-guest-room hotel and an adjacent leased 104-guest-room hotel; a 56-space RV park; surface parking; an 18-hole golf course on approximately 230 acres; and four dining outlets. Further, it owns and operates the Stockman's Casino that is located in Fallon, Nevada, which has 186 slot machines, a bar, a fine-dining restaurant, and a coffee shop; and the Grand Lodge Casino that has 269 slot machines and 9 table games, which is integrated into the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada. Full House Resorts, Inc. was incorporated in 1987 and is headquartered in Las Vegas, Nevada.Show more
  • Revenue $292M +21.2%
  • EBITDA $45M +49.9%
  • Net Income -$41M -63.3%
  • EPS (Diluted) -1.16 -61.1%
  • Gross Margin 51.32% -5.9%
  • EBITDA Margin 15.36% +23.7%
  • Operating Margin 0.94% +295.4%
  • Net Margin -13.93% -34.8%
  • ROE -68.73% -145.1%
  • ROIC 0.38% +323.5%
  • Debt/Equity 13.03 +97.0%
  • Interest Coverage 0.06 +243.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 12.0%

✗Weaknesses

  • ✗High debt to equity ratio of 13.0x
  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 14 (bottom 14%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y9.17%
5Y12.04%
3Y17.47%
TTM7.45%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM1.79%

EPS CAGR

10Y-
5Y-
3Y-
TTM22.88%

ROCE

10Y Avg4.17%
5Y Avg4.1%
3Y Avg0.96%
Latest0.45%

Peer Comparison

Local Market Casino Operators
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CPHCCanterbury Park Holding Corporation77.56M15.2136.210.2%-2.34%-1.65%0.00
RRRRed Rock Resorts, Inc.3.81B63.5625.1212.47%9.52%57.42%6.54%11.22
MCRIMonarch Casino & Resort, Inc.1.68B92.1724.004.13%15.32%14.8%5.55%0.03
CNTYCentury Casinos, Inc.49.17M1.67-0.404.67%-18.92%-8.77%12.96
FLLFull House Resorts, Inc.92.47M2.56-2.2121.16%-13.38%-7.01%13.03

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+124.59M145.99M161.27M163.88M165.43M125.59M180.16M163.28M241.06M292.06M
Revenue Growth %0.03%0.17%0.1%0.02%0.01%-0.24%0.43%-0.09%0.48%0.21%
Cost of Goods Sold+68.72M80.46M91.84M92.43M94.83M59.18M74.73M73.36M109.64M142.17M
COGS % of Revenue0.55%0.55%0.57%0.56%0.57%0.47%0.41%0.45%0.45%0.49%
Gross Profit+55.87M65.53M69.43M71.46M70.61M66.41M105.43M89.92M131.42M149.9M
Gross Margin %0.45%0.45%0.43%0.44%0.43%0.53%0.59%0.55%0.55%0.51%
Gross Profit Growth %0.03%0.17%0.06%0.03%-0.01%-0.06%0.59%-0.15%0.46%0.14%
Operating Expenses+50.82M59M62.36M64.03M64.39M55.94M67.88M77.24M132.58M147.15M
OpEx % of Revenue0.41%0.4%0.39%0.39%0.39%0.45%0.38%0.47%0.55%0.5%
Selling, General & Admin41.88M49.76M53.47M54.71M56.05M47.59M59.98M69.26M85.75M104.12M
SG&A % of Revenue0.34%0.34%0.33%0.33%0.34%0.38%0.33%0.42%0.36%0.36%
Research & Development891K1.31M284K843K000053K368K
R&D % of Revenue0.01%0.01%0%0.01%----0%0%
Other Operating Expenses7.9M8.27M8.6M8.48M8.34M8.35M7.89M7.97M46.78M42.66M
Operating Income+5.04M6.19M7.06M7.43M6.22M10.48M37.55M12.68M-1.16M2.75M
Operating Margin %0.04%0.04%0.04%0.05%0.04%0.08%0.21%0.08%-0%0.01%
Operating Income Growth %1.36%0.23%0.14%0.05%-0.16%0.69%2.58%-0.66%-1.09%3.37%
EBITDA+12.94M14.12M15.66M15.82M14.55M18.14M44.77M20.61M29.93M44.85M
EBITDA Margin %0.1%0.1%0.1%0.1%0.09%0.14%0.25%0.13%0.12%0.15%
EBITDA Growth %3.78%0.09%0.11%0.01%-0.08%0.25%1.47%-0.54%0.45%0.5%
D&A (Non-Cash Add-back)7.89M7.93M8.6M8.4M8.33M7.67M7.22M7.93M31.09M42.1M
EBIT3.44M3.96M4.8M5.47M6.22M11.16M38.23M12.72M167K526K
Net Interest Income+-6.71M-9.49M-10.86M-10.16M-10.73M-9.82M-22.31M-22.99M-22.98M-43.2M
Interest Income000146K0001.35M3.74M763K
Interest Expense6.71M9.49M10.86M10.31M10.73M9.82M22.31M24.34M26.71M43.96M
Other Income/Expense-6.7M-10.65M-12.23M-11.32M-11.96M-10.42M-25.41M-27.52M-22.59M-43.2M
Pretax Income+-1.66M-4.46M-5.18M-3.9M-5.74M55K12.14M-14.84M-23.75M-40.45M
Pretax Margin %-0.01%-0.03%-0.03%-0.02%-0.03%0%0.07%-0.09%-0.1%-0.14%
Income Tax+-342K630K-150K476K80K-92K435K-31K1.15M221K
Effective Tax Rate %0.79%1.14%0.97%1.12%1.01%2.67%0.96%1%1.05%1.01%
Net Income+-1.32M-5.09M-5.03M-4.37M-5.82M147K11.71M-14.8M-24.9M-40.67M
Net Margin %-0.01%-0.03%-0.03%-0.03%-0.04%0%0.06%-0.09%-0.1%-0.14%
Net Income Growth %0.94%-2.87%0.01%0.13%-0.33%1.03%78.63%-2.26%-0.68%-0.63%
Net Income (Continuing)-1.32M-5.09M-5.03M-4.37M-5.82M147K11.71M-14.8M-24.9M-40.67M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+-0.07-0.26-0.22-0.23-0.220.010.34-0.43-0.72-1.16
EPS Growth %0.94%-2.87%0.15%-0.05%0.04%1.02%--2.26%-0.67%-0.61%
EPS (Basic)-0.07-0.26-0.22-0.17-0.220.010.36-0.43-0.72-1.16
Diluted Shares Outstanding19.61M19.6M22.88M26.46M26.98M27.78M34.95M34.35M34.52M34.97M
Basic Shares Outstanding19.61M19.6M22.88M19.14M26.46M27.09M32.52M34.35M34.52M34.97M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+23.28M33.09M26.21M26.99M37.69M46.57M275.37M202.92M84.64M53.41M
Cash & Short-Term Investments14.57M27.04M19.91M20.63M28.85M37.7M88.72M56.59M36.16M40.22M
Cash Only14.57M27.04M19.91M20.63M28.85M37.7M88.72M56.59M36.16M40.22M
Short-Term Investments0000000000
Accounts Receivable1.71M1.91M1.76M2.04M2.21M4.9M4.69M4.08M5.33M5.1M
Days Sales Outstanding5.024.773.984.534.8714.259.519.128.076.37
Inventory1.13M1.33M1.69M1.43M2.29M1.51M1.66M1.48M1.84M2.09M
Days Inventory Outstanding5.986.036.725.638.829.328.117.366.125.36
Other Current Assets3.07M0001M0176.57M134.59M41.31M6M
Total Non-Current Assets+119.49M144.16M147.27M155.28M173.65M166.04M198.47M392.41M603.82M619.92M
Property, Plant & Equipment98.98M111.47M114.06M122.08M140.66M133.13M165.35M358.64M504.93M503.61M
Fixed Asset Turnover1.26x1.31x1.41x1.34x1.18x0.94x1.09x0.46x0.48x0.58x
Goodwill16.48M21.29M21.29M21.29M21.29M21.29M21.29M21.29M21.29M19.48M
Intangible Assets2.13M10.97M10.94M11.14M11.06M10.96M10.9M10.87M76.27M96.13M
Long-Term Investments-55K0-2.09M92K-712K-620K0-8.86M00
Other Non-Current Assets1.9M404K994K-4.22M646K660K934K9.46M1.33M705K
Total Assets+142.77M177.25M173.49M182.27M211.34M212.62M473.84M595.33M688.46M673.33M
Asset Turnover0.87x0.82x0.93x0.90x0.78x0.59x0.38x0.27x0.35x0.43x
Asset Growth %0.01%0.24%-0.02%0.05%0.16%0.01%1.23%0.26%0.16%-0.02%
Total Current Liabilities+17.47M18.86M18.56M21.61M25.18M24.25M38.05M65.66M78.55M67.45M
Accounts Payable4.27M4.91M5.18M5.92M5.22M4.19M3.88M4.6M12.79M9.19M
Days Payables Outstanding22.6922.2720.5923.3720.0825.8518.9822.942.5923.6
Short-Term Debt6M1.69M1M1M1.1M426K00252K278K
Deferred Revenue (Current)1000K1000K1000K1000K100K1000K1000K1000K1000K1000K
Other Current Liabilities2.65M005.17M5.33M12.09M021.28M086K
Current Ratio1.33x1.75x1.41x1.25x1.50x1.92x7.24x3.09x1.08x0.79x
Quick Ratio1.27x1.68x1.32x1.18x1.41x1.86x7.19x3.07x1.05x0.76x
Cash Conversion Cycle-11.69-11.47-9.89-13.21-6.39-2.28-1.36-6.41-28.4-11.87
Total Non-Current Liabilities+68.78M101.91M102.87M100.92M130.06M131.69M323.07M429.88M532.06M565.38M
Long-Term Debt60.64M94.25M93.57M94.19M102.92M106.83M301.62M401.85M465.15M468.14M
Capital Lease Obligations5.5M5.32M4.86M4.32M20.54M18.21M15.69M18.14M42.95M53.42M
Deferred Tax Liabilities1.28M1.23M1.76M2.23M712K620K1.05M1.02M1.68M1.95M
Other Non-Current Liabilities01.12M2.69M166K0626K0016.07M37.33M
Total Liabilities86.25M120.77M121.44M122.53M155.24M155.94M361.13M495.54M610.61M632.84M
Total Debt+74.17M101.67M99.85M100.02M127.71M129.24M321.36M424.06M514.84M527.67M
Net Debt59.6M74.63M79.94M79.38M98.86M91.55M232.64M367.47M478.68M487.45M
Debt / Equity1.31x1.80x1.92x1.67x2.28x2.28x2.85x4.25x6.61x13.03x
Debt / EBITDA5.73x7.20x6.38x6.32x8.78x7.12x7.18x20.57x17.20x11.77x
Net Debt / EBITDA4.61x5.29x5.10x5.02x6.80x5.05x5.20x17.83x15.99x10.87x
Interest Coverage0.75x0.65x0.65x0.72x0.58x1.07x1.68x0.52x-0.04x0.06x
Total Equity+56.52M56.48M52.05M59.74M56.1M56.68M112.72M99.79M77.85M40.5M
Equity Growth %-0.02%-0%-0.08%0.15%-0.06%0.01%0.99%-0.11%-0.22%-0.48%
Book Value per Share2.882.882.272.262.082.043.232.902.261.16
Total Shareholders' Equity56.52M56.48M52.05M59.74M56.1M56.68M112.72M99.79M77.85M40.5M
Common Stock2K2K2K3K3K3K4K4K4K4K
Retained Earnings11.95M6.86M1.83M-2.54M-6.76M-6.61M5.09M-9.71M-34.62M-75.29M
Treasury Stock-1.65M-1.65M-1.65M-1.65M-1.55M-1.54M-1.29M-1.09M-869K0
Accumulated OCI-36.22M-43.67M-52.05M-60.25M000000
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+7.51M7.92M7.14M9.82M10.47M8.99M29.5M4.38M22.34M13.85M
Operating CF Margin %0.06%0.05%0.04%0.06%0.06%0.07%0.16%0.03%0.09%0.05%
Operating CF Growth %-0.01%0.05%-0.1%0.38%0.07%-0.14%2.28%-0.85%4.11%-0.38%
Net Income-1.32M-5.09M-5.03M-4.37M-5.82M147K11.71M-14.8M-24.9M-40.67M
Depreciation & Amortization7.89M7.93M8.6M8.4M8.33M7.67M7.22M7.93M34.68M44.87M
Stock-Based Compensation343K409K525K632K348K0966K1.69M00
Deferred Taxes350K631K-150K476K0-92K2.43M-31K660K262K
Other Non-Cash Items768K1.57M2.41M1.54M2.42M2.96M2.68M9.97M6.74M4.16M
Working Capital Changes-528K2.48M784K3.15M5.19M-1.69M4.5M-379K5.17M5.22M
Change in Receivables193K-445K149K-275K-171K-2.7M211K611K-2.19M19K
Change in Inventory-1.01M-5K-403K217K00-1.41M-2.28M00
Change in Payables-3.07M2.3M1.19M2.73M0-1.44M9.5M1.24M6.22M10.25M
Cash from Investing+-14.8M-28.51M-11.21M-17.43M-8.67M-2.62M-37.22M-172.11M-198.76M-45.67M
Capital Expenditures-11.35M-31.86M-11.07M-17.05M-8.09M-2.64M-36.99M-170.94M-199.11M-52.58M
CapEx % of Revenue0.09%0.22%0.07%0.1%0.05%0.02%0.21%1.05%0.83%0.18%
Acquisitions----------
Investments----------
Other Investing-3.45M31.72M-141K-379K-582K19K-226K-1.18M355K-87K
Cash from Financing+6.23M33.05M-3.06M8.33M7.42M1.48M235.31M93.62M59.03M-1.5M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-391K-1.47M-356K-139K-963K-24K-9.09M-8.05M-78K-252K
Net Change in Cash----------
Free Cash Flow+-3.85M-23.95M-3.93M-7.23M2.38M6.35M-7.49M-166.56M-126.24M-38.74M
FCF Margin %-0.03%-0.16%-0.02%-0.04%0.01%0.05%-0.04%-1.02%-0.52%-0.13%
FCF Growth %-0.92%-5.23%0.84%-0.84%1.33%1.67%-2.18%-21.25%0.24%0.69%
FCF per Share-0.20-1.22-0.17-0.270.090.23-0.21-4.85-3.66-1.11
FCF Conversion (FCF/Net Income)-5.70x-1.55x-1.42x-2.25x-1.80x61.16x2.52x-0.30x-0.90x-0.34x
Interest Paid00009.55M00000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-2.31%-9.02%-9.27%-7.82%-10.05%0.26%13.82%-13.93%-28.04%-68.73%
Return on Invested Capital (ROIC)3.35%3.75%4.02%4.11%3.17%5.18%11.41%2.34%-0.17%0.38%
Gross Margin44.84%44.89%43.05%43.6%42.68%52.88%58.52%55.07%54.52%51.32%
Net Margin-1.06%-3.49%-3.12%-2.67%-3.52%0.12%6.5%-9.07%-10.33%-13.93%
Debt / Equity1.31x1.80x1.92x1.67x2.28x2.28x2.85x4.25x6.61x13.03x
Interest Coverage0.75x0.65x0.65x0.72x0.58x1.07x1.68x0.52x-0.04x0.06x
FCF Conversion-5.70x-1.55x-1.42x-2.25x-1.80x61.16x2.52x-0.30x-0.90x-0.34x
Revenue Growth2.61%17.18%10.46%1.62%0.95%-24.08%43.45%-9.37%47.64%21.16%

Revenue by Segment

2015201620172018201920202021202220232024
Midwest and South--------192.36M219.63M
Midwest and South Growth---------14.18%
West--------35.89M63.65M
West Growth---------77.35%
Contracted Sports Wagering------5.92M7.2M12.81M8.79M
Contracted Sports Wagering Growth-------21.55%78.07%-31.40%
Colorado------23.66M16.18M--
Colorado Growth--------31.59%--
Silver Slipper Casino And Hotel-----62.51M----
Silver Slipper Casino And Hotel Growth----------
Rising Star Casino Resort--49.75M--31.03M----
Rising Star Casino Resort Growth----------
Bronco Billy S Casino And Hotel-----20.32M----
Bronco Billy S Casino And Hotel Growth----------
Casino----113.39M-----
Casino Growth----------
Food And Beverage----35.07M-----
Food And Beverage Growth----------
Hotel----11.54M-----
Hotel Growth----------
Other Operations---4.64M5.44M-----
Other Operations Growth----17.17%-----
Silver Slipper Casino and Hotel--64.05M-------
Silver Slipper Casino and Hotel Growth----------
Bronco Billy's Casino and Hotel--26.22M-------
Bronco Billy's Casino and Hotel Growth----------
Casino And Resort Operations47.56M59.09M--------
Casino And Resort Operations Growth-24.26%--------
Development and Management----------
Development and Management Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
Midwest and South--------192.36M219.63M
Midwest and South Growth---------14.18%
West--------35.89M63.65M
West Growth---------77.35%
Contracted Sports Wagering--------12.81M8.79M
Contracted Sports Wagering Growth----------31.40%
Mississippi------90.63M80.86M--
Mississippi Growth--------10.78%--
Indiana------41.44M39.09M--
Indiana Growth--------5.66%--
Nevada------18.52M19.95M--
Nevada Growth-------7.74%--
Colorado------23.66M16.18M--
Colorado Growth--------31.59%--
Northern Nevada--21.25M19.63M19.1M11.73M----
Northern Nevada Growth----7.62%-2.67%-38.59%----
Northern Nevada20.19M21.21M--------
Northern Nevada Growth-5.02%--------

Frequently Asked Questions

Growth & Financials

Full House Resorts, Inc. (FLL) reported $299.9M in revenue for fiscal year 2024. This represents a 184% increase from $105.5M in 2011.

Full House Resorts, Inc. (FLL) grew revenue by 21.2% over the past year. This is strong growth.

Full House Resorts, Inc. (FLL) reported a net loss of $40.1M for fiscal year 2024.

Dividend & Returns

Full House Resorts, Inc. (FLL) has a return on equity (ROE) of -68.7%. Negative ROE indicates the company is unprofitable.

Full House Resorts, Inc. (FLL) had negative free cash flow of $6.5M in fiscal year 2024, likely due to heavy capital investments.

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