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Caesars Entertainment (CZR) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Consumer Cyclical•Resorts & Casinos
D
WeakMetricSide Score: 34/100
ProfitabilityProfit10/30
GrowthGrowth9/25
Balance SheetBalance3/25
Cash QualityCash12/20
Price & Volume
Market Cap $6.08B

Caesars Entertainment, Inc. operates as a gaming and hospitality company. It owns, leases, brands, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. The company also operates and conducts online gaming, retail and online sports wagering across 42 jurisdictions in North America, and iGaming in five jurisdictions in North America; sports betting from retail and online sportsbooks; and other games, such as keno. In addition, it operates casinos, dining venues, bars, nightclubs, lounges, hotels, and entertainment venues; and provides staffing and management services. The company was founded in 1937 and is based in Reno, Nevada.

Moat Signals

Competitive analysis based on 47 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~18.3% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Weak Moat

ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.

Risk Signals

Data-driven red flags and warnings across 47 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 20.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 2.1x) — earnings may be inflated by non-cash items or aggressive accounting.

Leverage Risk

Red Flag

D/E ratio is 3.4 — dangerously high. The company is heavily leveraged and vulnerable to rising rates or cash flow dips.

Revenue Decline

Healthy

Revenue is stable or growing over recent quarters — demand appears durable.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Healthy

Shares decreased 5.6% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$11.56B
2.3%
Q. Revenue
$2.87B
TTM EBITDA
$3.28B
10.5%
TTM Op. Income
$1.87B
18.9%
Q. Op. Income
$500.00M
TTM Net Income
$-485.00M
106.4%
Q. Net Income
$-98.00M
EPS
$-0.48
Shares Out.
$204.00M
3.8%
$11.56B in TTM revenue grew 2.3% YoY, reaching $2.87B last quarter. TTM EBITDA of $3.28B and TTM operating income of $1.87B shows growth is flowing through. However, net income is negative at $485.00M — growth is not yet reaching the bottom line. Revenue is growing modestly — monitor for acceleration or deceleration.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
29.5%
Op. Margin
17.4%
0.3%
Net Margin
-3.4%
17.0%
Op. margin of 17.4% is down 0.0% YoY — costs are rising relative to revenue. Net margin at -3.4%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
0.5x
P/B Ratio
1.8x
P/S of 0.5x and P/B of 1.8x. A low P/S may indicate the stock is undervalued.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$31.66B
Cash
$867.00M
Long-Term Debt
$11.69B
Book Value
$3.42B
D/E Ratio
3.4
Debt/EBITDA
13.8
With $31.66B in assets and $11.69B in long-term debt, the D/E of 3.4and book value of $3.42B — indicates elevated leverage — the company has significant financial risk and may struggle in a downturn.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$204.00M
TTM Free Cash Flow
$538.00M
1381.0%
FCF Margin
4.7%
FCF / Net Income
-1.1
TTM FCF of $538.00M on $204.00M in operating cash flow. The FCF / Net Income ratio of -1.1x shows cash consumption — the business is not yet self-funding.

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Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Moderate Moat

Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.