PENN Entertainment, Inc. (PENN) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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PENN Revenue Growth
Revenue Breakdown (FY 2025)
PENN's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PENN Revenue Analysis (2014–2025)
As of May 8, 2026, PENN Entertainment, Inc. (PENN) generated trailing twelve-month (TTM) revenue of $6.96 billion, reflecting solid growth of +8.2% year-over-year. The most recent quarter (Q4 2025) recorded $1.81 billion in revenue, up 5.2% sequentially.
Looking at the longer-term picture, PENN's 5-year compound annual growth rate (CAGR) stands at +14.2%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $6.96 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows PENN's business is primarily driven by Casino (77%), Product and Service, Other (13%), and Food and Beverage (6%). With over half of revenue concentrated in Casino, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Cyclical sector peers including CZR (+2.3% YoY), MGM (+3.4% YoY), and BYD (+4.1% YoY), PENN has outperformed the peer group in terms of revenue growth. Compare PENN vs CZR →
PENN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PENNCurrent | $7.0B | +8.2% | +14.2% | 3.9% | |
 CZR | $11.5B | +2.3% | +25.9% | 18.1% | |
 MGM | $17.5B | +3.4% | +29.0% | 5.7% | |
 BYD | $4.1B | +4.1% | +13.4% | 21.4% | |
 RRR | $2.0B | +3.7% | +11.2% | 29.7% | |
 CHDN | $2.9B | +5.8% | +22.7% | 25.2% |
PENN Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $6.96B | +5.8% | $1.91B | 27.4% | $272.1M | 3.9% |
| 2024 | $6.58B | +3.4% | $2.16B | 32.9% | $72.5M | 1.1% |
| 2023 | $6.36B | -0.6% | $2.36B | 37.1% | $-690,200,000 | -10.8% |
| 2022 | $6.40B | +8.4% | $2.77B | 43.3% | $974.0M | 15.2% |
| 2021 | $5.91B | +65.0% | $2.76B | 46.7% | $1.06B | 17.9% |
| 2020 | $3.58B | -32.5% | $1.71B | 47.8% | $-410,200,000 | -11.5% |
| 2019 | $5.30B | +47.8% | $2.35B | 44.3% | $571.9M | 10.8% |
| 2018 | $3.59B | +14.0% | $1.54B | 42.9% | $634.1M | 17.7% |
| 2017 | $3.15B | +3.7% | $1.34B | 42.4% | $475.1M | 15.1% |
| 2016 | $3.03B | +6.9% | $1.28B | 42.1% | $543.0M | 17.9% |
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Start ComparisonPENN — Frequently Asked Questions
Quick answers to the most common questions about buying PENN stock.
Is PENN's revenue growth accelerating or slowing?
PENN maintains +8.2% revenue growth, in line with its 5-year CAGR of +14.2%. TTM revenue stands at $7.0B. Growth rate remains consistent with historical average.
What is PENN's long-term revenue growth rate?
PENN Entertainment, Inc.'s 5-year revenue CAGR of +14.2% reflects the sustained expansion pattern. Current YoY growth of +8.2% is near this long-term average.
How is PENN's revenue distributed by segment?
PENN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.