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PENN
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PENNPENN Entertainment, Inc.
$17.43$2.3B
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
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PENN logo

PENN Entertainment, Inc.

PENN
NASDAQ · Casinos & Resorts
$17.43
At close - Nov 6, 4:00 PM EST - USD
Market Cap$2.33B
P/E-256.7x
52W High$22.36
Volume4.31M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Deleveraging Balance Sheet Masks Digital Margin Volatility

PENN Entertainment is executing a deleveraging strategy, reducing total debt from $11.5B in 2024Q1 to $6.8B in 2026Q2, while revenue grows modestly at 5.2% YoY.

GrowthStable
ProfitabilityStrained
ValuationExpensive
TechnicalsNeutral
Explore valuation models
MARKET ACTION

PENN 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

-1861% Peers

P/E is 1861% below peer median

03

Market leadership

RS 61 · Avg

Average momentum (RS Rating: 61)

04

Trend Check

N/A

Trend data unavailable

Next CatalystEstimated earnings · Feb 5

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
PENN+17.37%
S&P 500 (^GSPC)+7.63%
1-Year Return
PENN+18.98%
S&P 500 (^GSPC)+9.69%
3-Year Return
PENN-25.06%
S&P 500 (^GSPC)+69.43%
5-Year Return
PENN-70.45%
S&P 500 (^GSPC)+57.38%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-256.7x
Forward P/E
19.6x
EV/EBITDA25th %ile
10.9x
FCF YieldCash Flow
3.8%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-256.7x
23.0x
0th· Low
EV/EBITDA
10.9x
13.7x
25th· Low
Price/FCF
26.5x
14.5x
67th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$6.96B+5.8% YoY
Net income FY25
-$843M-170.7% YoY
Free cash flow FY25
-$140M-13.0% YoY
Operating margin FY25
3.9%+2.8 pts YoY
ROIC (FY25)1.8%
Avg ROIC 5Y2%
ROE (TTM)-0.5%
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 Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
$0.32+85.9%
vs $0.17
$1.8B-0.1%
vs $1.8B
Q3 2026
Aug 6, 2026
$0.25-33.1%
vs $0.37
$1.9B-0.2%
vs $1.9B
Q2 2026
Apr 23, 2026
-$0.02-134.4%
vs $0.05
$1.8B+1.7%
vs $1.7B
Q1 2026
Feb 26, 2026
-$0.55-139.1%
vs -$0.23
$1.8B+2.6%
vs $1.8B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
24/7 Wall Street·1d ago
DraftKings Plunges After Cutting Its Outlook. Here's Which ETFs Feel It Most

A brutal earnings miss sent DraftKings spiraling, but most retirement portfolios will barely notice. One narrow thematic fund could take a far deeper hit, and a bet on prediction markets explains why the damage may not be over.

24/7 Wall Street·2d ago
DraftKings Plunges 27% on Weak 2027 Forecast and Prediction-Market Spending; Flutter Sinks 8%, Penn Entertainment Drops 4%

The cost of competing in prediction markets is hitting DraftKings (NASDAQ:DKNG | DKNG Price Prediction) hard after its third-quarter report and first 2027 forecast both fell short of Wall Street's hopes. DraftKings stock is trading at $17.13, down 27%.

Seeking Alpha·2d ago
PENN Entertainment, Inc. (PENN) Q3 2026 Earnings Call Transcript

PENN Entertainment, Inc. ( PENN ) Q3 2026 Earnings Call November 5, 2026 9:00 AM EST Company Participants Jay Snowden - President, CEO & Director Felicia Kantor Hendrix - Executive VP & CFO Aaron LaBerge - Chief Technology Officer & Head of Interactive Conference Call Participants Joseph Jaffoni - JCIR Brandt Montour - Barclays Bank PLC, Research Division Barry Jonas - Truist Securities, Inc., Research Division Samuel Nielsen - JPMorgan Chase & Co, Research Division Joseph Stauff - Susquehanna Financial Group, LLLP, Research Division Jordan Bender - Citizens JMP Securities, LLC, Research Division Jeffrey Stantial - Stifel, Nicolaus & Company, Incorporated, Research Division Steven Pizzella - Deutsche Bank AG, Research Division John DeCree - CBRE Securities, LLC, Research Division Chad Beynon - Macquarie Research Benjamin Chaiken - Mizuho Securities USA LLC, Research Division Raymond Bowers - Wells Fargo Securities, LLC, Research Division Presentation Operator Greetings, and welcome to the PENN Entertainment Third Quarter 2026 Earnings Call. I would now like to turn the conference over to Joe Jaffoni, Investor Relations.

MarketBeat·2d ago
PENN Entertainment Q3 Earnings Call Highlights

PENN Entertainment NASDAQ: PENN raised its 2026 retail guidance after reporting higher third-quarter revenue and earnings, as growth at existing casinos and contributions from recently completed projects helped offset higher gaming taxes and unfavorable table game results.

Filtered for PENN Entertainment, Inc.More Headlines
04

Compare before deciding

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

Peers Comparison

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

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PENN logoPENNPENN Entertainment, Inc.Current
$17.43$2.33B-256.705.82%-0.13%-0.5%—
CZR logoCZRCaesars Entertainment, Inc.
$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%—
BYD logoBYDBoyd Gaming Corporation
$76.57$5.56B11.144.12%12.29%19.91%0.93%
RRR logoRRRRed Rock Resorts, Inc.
$48.22$2.82B23.983.74%5.79%40.44%2.44%
CHDN logoCHDNChurchill Downs Incorporated
$97.94$6.83B15.177.01%15.04%36.19%0.44%

Compare PENN vs Peers

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

Closest Rival

vs CZR

Most directly comparable listed peer for PENN.

Scale Benchmark

vs VICI

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

Peer Set

Compare Top 5

vs CZR, MGM, BYD, RRR

05

Keep researching

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

PENN SEC Filings & Documents

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

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jun 18, 2026·SEC

Material company update

May 28, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

Apr 29, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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PENN Frequently Asked Questions

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

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

PENN Entertainment, Inc. (PENN) reported $7.28B in revenue over the trailing twelve months. Revenue was $6.96B in fiscal year 2025. That is 10984% more than the $62.8M of fiscal year 1996.

How fast is PENN Entertainment, Inc. growing?

PENN Entertainment, Inc. (PENN) grew revenue by 6.7% over the trailing twelve months, compared with the twelve months before.

Is PENN profitable?

No. PENN Entertainment, Inc. (PENN) reported a net loss of $9.2M over the trailing twelve months.

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

PENN Entertainment, Inc. (PENN) had a return on equity (ROE) of -0.5% over the trailing twelve months. A negative ROE means the company lost money over the period.

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

PENN Entertainment, Inc. (PENN) generated $87.9M in free cash flow over the trailing twelve months.

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

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

See returns →