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CZR
$29.35+1.00%
as of close, Nov 4, 2026
☾ AH $29.35 +1.00%
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CZR financial statements

The full income statement, balance sheet, and cash-flow statement for Caesars Entertainment (CZR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Financial overview#

Revenue

5Y CAGR +25.9%10Y CAGR +31.8%YoY +2.5%
$11.7B TTM$2.9B Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Operating income

5Y n/m10Y CAGR +38.3%YoY −10.9%
$1.8B TTM$457M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Net income

5Y n/m10Y n/mYoY n/m
−$533M TTM−$123M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

EPS (diluted)

5Y n/m10Y n/mYoY n/m
−$2.61 TTM−$0.61 Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Operating cash flow

5Y n/m10Y CAGR +37.0%YoY −16.0%
$1.2B TTM$267M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Capital expenditure

5Y CAGR +37.5%10Y CAGR +36.2%YoY −11.8%
$664M TTM$172M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Free cash flow

5Y n/m10Y CAGR +38.4%YoY −22.8%
$582M TTM$95M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Shares (diluted)

5Y +60.0%10Y +342.5%YoY −1.4%
204.3M TTM204M Q3 '26
FY15FY16FY17FY18FY19FY20FY21FY22FY23FY24FY25TTM
Q4 '16Q1 '17Q2 '17Q3 '17Q4 '17Q1 '18Q2 '18Q3 '18Q4 '18Q1 '19Q2 '19Q3 '19Q4 '19Q1 '20Q2 '20Q3 '20Q4 '20Q1 '21Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Shares outstanding (point-in-time)

2024-09 212.5M2024-12 212.0M2025-03 208.0M2025-06 208.0M2025-09 204.1M2025-12 203.5M2026-03 203.7M2026-06 203.7M2026-09 203.8M-4.1% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeFiguresAs-reported fiscal years.
Line itemTrendFY2025FY2024FY2023FY2022FY2021
Income Statementas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
Revenue11.5B+2.1%11.2B-2.5%11.5B+6.5%10.8B+13.1%9.57B+163.8%
Selling, general & administrative1.93B+0.3%1.92B-4.6%2.01B-2.7%2.07B+16.0%1.78B+97.6%
General & administrative1.93B+0.3%1.92B-4.6%2.01B-2.7%2.07B+16.0%1.78B+97.6%
Amortization of intangibles133M-1.5%135M-6.3%144M-23.0%187M+34.5%139M+148.2%
Provision for credit losses43.0M-12.2%49.0M+19.5%41.0M+64.0%25.0M-3.8%26.0M-10.3%
Operating income1.86B-19.4%2.30B-6.8%2.47B+42.2%1.74B+19.1%1.46B+481.2%
Interest expense2.33B-4.5%2.44B+1.8%2.39B+4.0%2.30B+0.3%2.29B+90.9%
Interest & investment income20.0M+81.8%11.0M-8.3%12.0M+0.0%12.0M-25.0%16.0M+60.0%
Other non-operating income2.00M-92.6%27.0M+170.0%10.0M-78.3%46.0M+123.2%-198M-212.5%
Pre-tax income-448M-261.3%-124M-106.7%-60.0M+89.4%-565M+55.5%-1.27B+21.0%
Income tax-11.0M-112.6%87.0M+109.8%-888M-2065.9%-41.0M+85.5%-283M-314.4%
-502M-80.6%-278M-135.4%786M+187.4%-899M+11.8%-1.02B+42.0%
Income from continuing operations—-278M-135.4%786M+253.2%-513M+48.1%-989M+43.1%
Net income to non-controlling interest65.0M-3.0%67.0M+59.5%42.0M+481.8%-11.0M-466.7%3.00M+400.0%
Net income to common-502M-80.6%-278M-135.4%786M+187.4%-899M+11.8%-1.02B+42.0%
-$2.42-87.6%-$1.29-135.4%$3.64+186.9%-$4.19+13.3%-$4.83+64.2%
EPS (basic)-$2.42-87.6%-$1.29-135.3%$3.65+187.1%-$4.19+13.3%-$4.83+64.2%
Weighted-avg shares (basic)208M-3.3%215M+0.0%215M+0.5%214M+1.4%211M+62.3%
Weighted-avg shares (diluted)208M-3.3%215M-0.5%216M+0.9%214M+1.4%211M+62.3%
Balance Sheetas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
1.80B+3.2%1.75B-14.6%2.04B-2.7%2.10B-64.8%5.96B-1.6%
Cash & equivalents887M+2.4%866M-13.8%1.00B-3.2%1.04B-3.0%1.07B-39.8%
Accounts receivable476M+1.3%470M-22.7%608M-0.5%611M+29.4%472M+38.0%
Inventory43.0M-4.4%45.0M-2.2%46.0M-22.0%59.0M+40.5%42.0M-4.5%
Prepaid expenses312M+15.1%271M+2.7%264M+0.4%263M-9.3%290M+14.6%
31.6B-2.9%32.6B-2.3%33.4B-0.5%33.5B-11.8%38.0B+4.5%
Property, plant & equipment
————14.6B-0.9%
Operating lease right-of-use604M+0.0%604M-2.9%622M-2.7%639M-3.5%662M+44.9%
Goodwill10.4B-1.5%10.6B-3.5%11.0B-0.1%11.0B-0.7%11.1B+12.3%
Intangible assets3.98B-3.6%4.13B-8.6%4.52B-4.1%4.71B-4.2%4.92B+14.9%
Deferred tax assets67.0M+8.1%62.0M+31.9%47.0M0.00—
Other non-current assets852M-22.8%1.10B+30.2%848M-16.5%1.01B-22.6%1.31B+3.6%
2.25B-0.8%2.27B-15.5%2.69B+0.8%2.67B-49.6%5.30B+110.8%
Accounts payable297M+0.3%296M-27.5%408M+29.9%314M+23.6%254M+52.1%
Deferred revenue546M-7.8%592M-21.0%749M+0.3%747M+21.7%614M+144.6%
Short-term & current debt114M+4.6%109M+67.7%65.0M-39.8%108M+54.3%70.0M+4.5%
Current lease liability20.0M-4.8%21.0M-8.7%23.0M-54.0%50.0M+2.0%49.0M-7.5%
Other current liabilities384M+11.6%344M+0.6%342M-15.3%404M+31.2%308M+6.6%
28.0B-0.9%28.2B-1.5%28.6B-3.8%29.8B-11.1%33.5B+6.8%
Long-term debt11.7B-3.0%12.0B-1.6%12.2B-3.4%12.7B-7.7%13.7B-2.5%
Non-current lease liability722M+0.8%716M-1.6%728M+2.5%710M-2.2%726M+40.7%
Operating lease liability (total)742M+0.7%737M-1.9%751M-1.2%760M-1.9%775M+55.9%
Finance lease liability (total)147M+116.2%68.0M-11.7%77.0M-1.3%78.0M+81.4%43.0M-32.8%
Finance lease liability13.1B+1.5%12.9B+1.1%12.8B+1.2%12.6B+1.5%12.4B+1.0%
Deferred tax liabilities58.0M-55.4%130M+27.5%102M-89.7%987M-11.2%1.11B-4.7%
Other non-current liabilities876M-0.5%880M+1.0%871M+2.2%852M-9.0%936M-28.2%
3.50B-15.7%4.16B-8.7%4.55B+22.6%3.71B-17.1%4.48B-10.7%
Preferred stock0.000.000.000.000.00
Common stock0.000.000.000.000.00
Additional paid-in capital6.71B-2.2%6.86B-2.0%7.00B+0.7%6.95B+1.1%6.88B+7.8%
Retained earnings-3.30B-17.9%-2.80B-11.0%-2.52B+23.8%-3.31B-37.3%-2.41B-73.3%
Treasury stock0.000.00-100.0%23.0M+0.0%23.0M+0.0%23.0M+155.6%
Accumulated other comprehensive income98.0M+2.1%96.0M-1.0%97.0M+5.4%92.0M+155.6%36.0M+5.9%
Non-controlling interest182M-16.9%219M+30.4%168M+342.1%38.0M-37.7%61.0M+238.9%
Total equity incl. non-controlling3.69B-15.8%4.38B-7.3%4.72B+25.8%3.75B-17.4%4.54B-9.8%
Total liabilities & equity31.6B-2.9%32.6B-2.3%33.4B-0.5%33.5B-11.8%38.0B+4.5%
Common shares issued203M-4.1%211M-2.1%216M+0.5%215M+0.4%214M+2.8%
Common shares outstanding203M-4.1%211M-2.1%216M+0.5%215M+0.4%214M+2.8%
Shares outstanding (cover)204M-4.0%212M-2.0%216M+0.5%215M+0.5%214M+2.8%
Treasury shares——363K+0.0%363K+0.0%363K+62.2%
Cash Flowas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
1.30B+21.1%1.07B-40.6%1.81B+82.2%993M-17.2%1.20B+313.7%
Depreciation & amortization1.42B+7.0%1.32B+5.0%1.26B+4.6%1.21B+7.0%1.13B+93.1%
Intangible amortization133M-1.5%135M-6.3%144M-23.0%187M+34.5%139M+148.2%
Change in receivables53.0M+161.6%-86.0M-204.9%82.0M-42.7%143M+5.9%135M+92.9%
-571M+18.9%-704M+43.9%-1.26B——
Capital expenditure805M-37.9%1.30B+2.5%1.26B+32.8%952M+83.1%520M+217.1%
Free cash flow497M+324.9%-221M-140.6%545M+1229.3%41.0M-94.0%679M+193.7%
Acquisitions0.000.000.000.00—
Other investing activities5.00M0.00+100.0%-36.0M-700.0%6.00M0.00+100.0%
-763M-53.2%-498M+30.2%-713M+44.4%-1.28B—
Long-term debt issued0.000.000.000.000.00
Long-term debt repaid0.000.000.000.000.00
Common stock issued0.000.000.00-100.0%1.00M-66.7%3.00M-99.9%
Common stock repurchased229M+19.9%191M0.000.000.00
Dividends paid0.000.000.000.000.00
Net change in cash-32.0M+74.8%-127M+20.6%-160M+77.7%-718M+68.2%-2.26B-155.6%
Interest paid813M-22.7%1.05B+24.3%846M+5.1%805M-3.1%831M-6.8%
Income taxes paid81.0M+68.8%48.0M+84.6%26.0M+18.2%22.0M+144.4%9.00M+228.6%
Valuation Ratiosas ofDec 31 ’25as ofDec 31 ’24as ofDec 31 ’23as ofDec 31 ’22as ofDec 31 ’21
Market cap4.76B-32.8%7.09B-29.9%10.1B+13.3%8.93B-55.4%20.0B+29.5%
P/E
——14.2×——
P/S0.4×-34.2%0.6×-28.2%0.9×+4.1%0.8×-59.7%2.1×-50.9%
P/B1.4×-20.3%1.7×-22.4%2.2×-5.6%2.3×-48.0%4.5×+45.0%
P/FCF9.6×—14.6×—29.5×
Earnings yield
——7.0%——
FCF yield10.4%—6.9%—3.4%
Source filing10-K10-K10-K10-K10-K

About this data

Source: CZR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CZR filings on SEC EDGAR → Not investment advice.