Last 47 quarters of trend data · Consumer Cyclical · Gambling, Resorts & Casinos
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
EV/EBITDA has compressed 79.3% YoY to 11.9x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -2.88 | — | — | — | 6.09 | — | — | — | — | — | — | 12.78 | 2.44 |
| — | — | — | — | — | — | — | — | — | — | — | -76.5% | -93.6% | |
| P/S Ratio | 0.32 | 0.27 | 0.40 | 0.38 | 0.41 | 0.45 | 0.44 | 0.44 | 0.43 | 0.71 | 0.53 | 0.60 | 0.75 |
| — | -39.5% | -8.1% | -14.8% | -5.4% | -35.9% | -18.1% | -26.5% | -42.4% | -11.2% | -27.0% | -28.5% | -40.2% | |
| P/B Ratio | 1.33 | 1.08 | 1.42 | 0.89 | 0.92 | 1.06 | 0.94 | 0.96 | 0.90 | 1.23 | 0.99 | 0.96 | 1.20 |
| — | +2.3% | +50.9% | -7.4% | +1.9% | -14.2% | -5.7% | +0.6% | -24.8% | -12.2% | -24.4% | -34.1% | -39.4% | |
| P/FCF | — | — | — | — | — | — | 16.85 | 11.84 | — | — | 6.34 | 10.65 | 14.79 |
| — | — | — | — | — | — | +165.8% | +11.1% | — | — | +37.1% | +16.3% | +20.7% | |
| EV / EBITDA | 13.81 | 11.87 | — | 16.12 | 21.79 | 57.45 | 18.95 | 18.35 | 38.06 | — | — | 11.38 | 9.76 |
| — | -79.3% | — | -12.2% | -42.8% | — | — | +61.3% | +289.8% | — | — | +23.0% | -15.7% | |
| EV / EBIT | 36.50 | — | — | 38.95 | 12.17 | — | 39.88 | 37.82 | — | — | — | 15.75 | 4.83 |
| — | — | — | +3.0% | — | — | — | +140.2% | — | — | — | +4.3% | -73.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
PENN Entertainment, Inc.'s operating margin was 4.9% in Q4 2025, up 50.2 pp QoQ and up 7.8 pp YoY. The trailing four-quarter average of -8.1% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 17.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.4% | 27.2% | 33.8% | 28.5% | 33.1% | 32.7% | 34.7% | 34.4% | 29.6% | 22.7% | 40.1% | 41.6% | 41.8% |
| — | -17.1% | -2.5% | -17.2% | +11.7% | +44.0% | -13.4% | -17.2% | -29.1% | -46.2% | -2.5% | -6.9% | -7.3% | |
| Operating Margin | 3.9% | 4.9% | -45.2% | 5.2% | 2.6% | -2.9% | 4.1% | 4.5% | -1.3% | -22.1% | -48.6% | 12.3% | 11.9% |
| — | +271.7% | -1197.9% | +17.0% | +292.1% | +87.0% | +108.5% | -63.5% | -111.2% | -244.3% | -677.3% | -34.0% | -36.3% | |
| Net Margin | -12.1% | -4.0% | -50.3% | -1.0% | 6.7% | -8.0% | -2.2% | -1.6% | -7.1% | -25.7% | -44.8% | 4.7% | 30.7% |
| — | +49.4% | -2148.7% | +38.8% | +193.6% | +68.9% | +95.0% | -134.6% | -123.2% | -2056.3% | -688.9% | +190.7% | +831.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -36.0% | -3.9% | -35.0% | -0.6% | 3.8% | -4.5% | -1.2% | -0.9% | -3.7% | -10.7% | -18.9% | 1.9% | 13.2% |
| — | +14.2% | -2818.3% | +33.2% | +204.9% | +58.0% | +93.6% | -147.0% | -127.6% | -1958.7% | -663.4% | +175.5% | +932.6% | |
| ROA | -5.7% | -0.5% | -5.9% | -0.1% | 0.7% | -0.9% | -0.2% | -0.2% | -0.7% | -2.2% | -4.4% | 0.5% | 3.0% |
| — | +41.0% | -2378.1% | +33.2% | +201.7% | +61.0% | +94.6% | -137.5% | -124.3% | -1971.9% | -726.1% | +215.8% | +908.6% | |
| ROIC | 1.8% | 0.6% | -4.5% | 0.5% | 0.2% | -0.3% | 0.4% | 0.4% | -0.1% | -1.7% | -4.2% | 1.1% | 1.0% |
| — | +328.1% | -1307.6% | +26.0% | +303.7% | +84.2% | +108.9% | -61.2% | -111.6% | -237.9% | -708.3% | -29.5% | -32.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
PENN Entertainment, Inc.'s Debt/EBITDA ratio is 41.1x — elevated, raising questions about debt serviceability.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.58 | 4.58 | 5.72 | 3.72 | 3.71 | 3.94 | 3.70 | 3.74 | 3.73 | 3.61 | 3.30 | 2.76 | 2.79 |
| — | +16.5% | +54.7% | -0.5% | -0.5% | +9.1% | +11.9% | +35.4% | +33.4% | +0.5% | -7.5% | -19.9% | -15.0% | |
| Debt / EBITDA | 11.65 | 41.15 | — | 54.65 | 73.01 | 190.66 | 64.23 | 62.15 | 131.16 | — | — | 36.77 | 29.67 |
| — | -78.4% | — | -12.1% | -44.3% | — | — | +69.0% | +342.1% | — | — | +28.2% | -6.3% | |
| Current Ratio | 0.79 | 0.79 | 0.75 | 0.79 | 0.74 | 0.82 | 0.94 | 1.03 | 1.04 | 1.11 | 1.42 | 1.41 | 1.38 |
| — | -3.1% | -19.9% | -23.3% | -28.9% | -26.7% | -33.8% | -27.5% | -24.5% | -35.9% | -20.7% | -25.4% | -26.7% | |
| Quick Ratio | 0.79 | 0.79 | 0.75 | 0.79 | 0.74 | 0.82 | 0.94 | 1.03 | 1.04 | 1.11 | 1.41 | 1.39 | 1.35 |
| — | -3.1% | -19.9% | -23.3% | -28.9% | -26.7% | -33.4% | -26.1% | -23.0% | -31.4% | -21.2% | -26.8% | -28.1% | |
| Interest Coverage | -1.02 | -0.06 | -7.85 | 0.88 | 2.44 | -0.31 | 0.71 | 0.75 | -0.07 | -2.44 | -6.55 | 1.98 | 7.04 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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PENN Entertainment, Inc.'s current P/E is -2.9x. The average P/E over the last 1 quarters is 6.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
PENN Entertainment, Inc.'s current operating margin is 3.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking PENN Entertainment, Inc.'s business trajectory between earnings reports.