PENN
$14.96+1.70%
PENN Entertainment Inc.Stock · Consumer DiscretionaryRussell 2000 · 0.09% of IWMNasdaq Composite · 0.009% of ONEQUS Stock Market · 0.004% of VTIRussell 3000 · 0.004% of IWV
PENN financial statements
The full income statement, balance sheet, and cash-flow statement for PENN Entertainment Inc. (PENN), 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.
Shares outstanding (point-in-time)
2024-06 152.6M2024-09 152.6M2024-12 152.9M2025-03 151.0M2025-06 146.0M2025-09 133.2M2025-12 133.5M2026-03 133.8M2026-06 134.1M-12.1% 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 item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 6.96B+5.8% | 6.58B+3.4% | 6.36B-0.6% | 6.40B+8.4% | 5.91B+65.0% | |
| Selling, general & administrative | 1.63B+4.2% | 1.57B+0.3% | 1.56B+40.8% | 1.11B-17.9% | 1.35B+19.6% | |
| General & administrative | 1.63B+4.2% | 1.57B+0.3% | 1.56B+40.8% | 1.11B-17.9% | 1.35B+19.6% | |
| Amortization of intangibles | 39.6M-20.6% | 49.9M-15.1% | 58.8M+3.7% | 56.7M+189.3% | 19.6M-9.7% | |
| Operating income | -674M-1029.1% | 72.5M+110.5% | -690M-170.9% | 974M-8.1% | 1.06B+358.3% | |
| Interest expense | 448M-8.1% | 487M+3.7% | 470M-38.2% | 760M+34.1% | 567M+3.8% | |
| Interest & investment income | 9.70M-58.9% | 23.6M-41.4% | 40.3M+120.2% | 18.3M+1563.6% | 1.10M+22.2% | |
| Other non-operating income | 4.70M-11.3% | 5.30M-3.6% | 5.50M+107.6% | -72.1M-2984.0% | 2.50M-97.7% | |
| Equity-method income | 37.7M+34.2% | 28.1M+11.1% | 25.3M+6.8% | 23.7M-38.8% | 38.7M+180.4% | |
| Gain (loss) on equity securities | -5.10M-5000.0% | -100K+98.4% | -6.40M+90.8% | -69.9M-180.7% | -24.9M-123.3% | |
| Pre-tax income | -821M-140.5% | -341M+31.7% | -500M-385.0% | 175M-67.5% | 539M+164.6% | |
| Income tax | 24.6M+187.9% | -28.0M-241.5% | -8.20M+82.3% | -46.4M-139.1% | 119M+171.8% | |
| -843M-170.7% | -312M+36.4% | -490M-320.6% | 222M-47.2% | 421M+162.9% | ||
| Net income to non-controlling interest | -2.20M-22.2% | -1.80M-28.6% | -1.40M-250.0% | -400K-33.3% | -300K-175.0% | |
| Net income to common | -843M-170.7% | -312M+36.4% | -490M-321.5% | 221M-47.2% | 419M+162.5% | |
| -$5.83-184.4% | -$2.05+36.3% | -$3.22-349.6% | $1.29-48.0% | $2.48+149.6% | ||
| EPS (basic) | -$5.83-184.4% | -$2.05+36.3% | -$3.22-335.0% | $1.37-48.1% | $2.64+152.8% | |
| Weighted-avg shares (basic) | 145M-4.9% | 152M+0.0% | 152M-5.6% | 161M+1.6% | 159M+18.4% | |
| Weighted-avg shares (diluted) | 145M-4.9% | 152M+0.0% | 152M-13.9% | 177M+0.6% | 176M+31.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.17B+1.0% | 1.15B-30.4% | 1.66B-17.6% | 2.01B-9.5% | 2.22B+6.6% | ||
| Cash & equivalents | 687M-2.8% | 707M-34.1% | 1.07B-34.0% | 1.62B-12.9% | 1.86B+0.5% | |
| Accounts receivable | 254M-1.0% | 257M-19.5% | 319M+29.1% | 247M+26.7% | 195M+102.3% | |
| Inventory | — | — | — | 11.1M | — | |
| Prepaid expenses | 152M-0.4% | 152M-32.5% | 226M+112.6% | 106M-19.8% | 132M+27.8% | |
| Other current assets | 73.6M+90.2% | 38.7M-9.2% | 42.6M+17.4% | 36.3M+12.0% | 32.4M+3.5% | |
| 14.3B-6.5% | 15.3B-5.0% | 16.1B-8.2% | 17.5B+3.7% | 16.9B+15.0% | ||
| Property, plant & equipment | 3.72B+0.3% | 3.71B+5.4% | 3.51B-22.2% | 4.52B-1.5% | 4.58B+1.2% | |
| Operating lease right-of-use | 3.97B-0.3% | 3.98B-6.8% | 4.26B+299.2% | 1.07B-78.0% | 4.85B+0.7% | |
| Goodwill | 1.79B-30.3% | 2.56B-4.9% | 2.70B+0.2% | 2.69B-4.7% | 2.82B+143.9% | |
| Intangible assets | 1.40B-8.2% | 1.53B-5.5% | 1.62B-6.9% | 1.74B-7.1% | 1.87B+23.7% | |
| Other non-current assets | 224M-3.5% | 232M+23.9% | 187M-2.9% | 193M-26.7% | 263M-11.7% | |
| 1.48B+4.3% | 1.42B-5.0% | 1.49B+28.6% | 1.16B+2.3% | 1.13B+31.8% | ||
| Accounts payable | 54.2M+6.7% | 50.8M+38.8% | 36.6M-8.7% | 40.1M-24.8% | 53.3M+60.5% | |
| Accrued liabilities | 906M-0.2% | 907M-11.2% | 1.02B+27.0% | 805M+0.8% | 799M+38.8% | |
| Short-term & current debt | 38.2M+0.0% | 38.2M-19.7% | 47.6M-15.3% | 56.2M-43.5% | 99.5M+22.2% | |
| Current lease liability | 386M+19.8% | 322M+6.5% | 302M+288.6% | 77.8M-41.4% | 133M+4.2% | |
| Other current liabilities | — | 308M-19.4% | 382M+87.6% | 204M+1.3% | 201M+46.3% | |
| Finance lease liability (current) | 45.7M-14.1% | 53.2M+32.0% | 40.3M-65.4% | 117M+1053.5% | 10.1M+46.4% | |
| 12.4B+0.3% | 12.4B-3.6% | 12.9B-7.5% | 13.9B+8.8% | 12.8B+6.4% | ||
| Long-term debt | 2.85B+4.3% | 2.73B+0.5% | 2.72B-0.1% | 2.72B+3.2% | 2.64B+18.2% | |
| Non-current lease liability | 3.59B-1.7% | 3.65B-7.3% | 3.94B+306.9% | 969M-77.6% | 4.32B-1.0% | |
| Operating lease liability (total) | 3.98B+0.1% | 3.98B-6.4% | 4.25B+305.5% | 1.05B-76.5% | 4.45B-0.9% | |
| Finance lease liability (total) | 2.06B-2.5% | 2.12B+0.6% | 2.10B-58.4% | 5.05B+1491.1% | 317M+44.7% | |
| Finance lease liability | 2.02B-2.2% | 2.06B-0.0% | 2.06B-58.2% | 4.93B+1505.5% | 307M+44.6% | |
| Deferred tax liabilities | 87.8M+43.9% | 61.0M-48.1% | 118M+246.9% | 33.9M-82.1% | 189M+49.7% | |
| Other non-current liabilities | 121M-10.2% | 135M-7.7% | 146M+24.1% | 118M-8.6% | 129M+8.0% | |
| 1.83B-35.9% | 2.86B-10.6% | 3.20B-11.0% | 3.60B-12.2% | 4.10B+54.3% | ||
| Additional paid-in capital | 4.65B+2.4% | 4.54B+2.4% | 4.44B+5.1% | 4.22B-0.5% | 4.24B+33.9% | |
| Retained earnings | -1.49B-130.3% | -647M-92.8% | -336M-317.2% | 155M+278.6% | -86.5M+82.9% | |
| Treasury stock | 1.14B+45.9% | 780M+0.0% | 780M+23.8% | 630M+2116.5% | 28.4M+0.0% | |
| Accumulated other comprehensive income | -193M+24.2% | -255M-110.2% | -121M+28.1% | -169M-209.9% | -54.4M | |
| Non-controlling interest | -6.50M-51.2% | -4.30M-72.0% | -2.50M-127.3% | -1.10M-57.1% | -700K-75.0% | |
| Total equity incl. non-controlling | 1.83B-36.1% | 2.86B-10.7% | 3.20B-11.0% | 3.60B-12.2% | 4.10B+54.3% | |
| Total liabilities & equity | 14.3B-6.5% | 15.3B-5.0% | 16.1B-8.2% | 17.5B+3.7% | 16.9B+15.0% | |
| Shares outstanding (cover) | 134M-12.7% | 153M+0.3% | 152M-0.1% | 153M-9.3% | 168M+7.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 508M+41.4% | 359M-21.2% | 456M-48.1% | 878M-2.0% | 896M+164.5% | ||
| Depreciation & amortization | 447M+3.1% | 434M-0.3% | 435M-23.3% | 568M+64.7% | 345M-6.1% | |
| Intangible amortization | 39.6M-20.6% | 49.9M-15.1% | 58.8M+3.7% | 56.7M+189.3% | 19.6M-9.7% | |
| Share-based compensation | 60.9M+15.1% | 52.9M-38.4% | 85.9M+47.8% | 58.1M+65.5% | 35.1M+142.1% | |
| Deferred income taxes | 26.3M+145.3% | -58.1M-71.4% | -33.9M+77.5% | -151M-3248.9% | -4.50M+96.2% | |
| Change in receivables | -1.60M+97.3% | -58.9M-178.7% | 74.8M-7.9% | 81.2M-1.3% | 82.3M+398.8% | |
| Change in payables | -2.40M-116.9% | 14.2M+265.1% | -8.60M+35.8% | -13.4M+55.9% | -30.4M-360.6% | |
| -351M+35.1% | -541M+27.1% | -743M-187.2% | -259M+78.8% | -1.22B-422.8% | ||
| Capital expenditure | 648M+34.2% | 483M+34.1% | 360M+36.7% | 263M+7.9% | 244M+78.2% | |
| Free cash flow | -140M-13.0% | -123M-228.7% | 95.9M-84.4% | 615M-5.7% | 652M+223.1% | |
| Acquisitions | 0.00 | 0.00-100.0% | 315M | 0.00-100.0% | 878M+29153.3% | |
| Purchases of investments | — | — | — | — | 26.0M | |
| Proceeds from sale of PP&E | — | 4.00M+700.0% | 500K-89.8% | 4.90M+226.7% | 1.50M-90.7% | |
| Other investing activities | -54.3M-9150.0% | 600K+112.5% | -4.80M-420.0% | 1.50M-84.0% | 9.40M+448.1% | |
| -166M+11.2% | -187M+29.0% | -263M+69.2% | -853M-351.0% | 340M-74.1% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 354M | 0.00-100.0% | 150M-75.1% | 601M | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -18.0M-60.7% | -11.2M-138.3% | -4.70M+59.5% | -11.6M-17.2% | -9.90M-41.4% | |
| FX effect on cash | -500K+78.3% | -2.30M-475.0% | -400K+84.0% | -2.50M+44.4% | -4.50M | |
| Net change in cash | -9.00M+97.6% | -371M+32.6% | -550M-133.0% | -236M-2532.0% | 9.70M-99.3% | |
| Interest paid | 383M-7.8% | 416M-1.1% | 420M-41.8% | 722M+40.2% | 515M+45.0% | |
| Income taxes paid | 4.70M+223.7% | -3.80M-105.1% | 73.9M+1.5% | 72.8M-32.8% | 108M+812.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.97B-35.0% | 3.03B-23.2% | 3.95B-14.3% | 4.61B-47.2% | 8.73B-35.4% | |
| P/E | — | — | — | 18.7×-9.8% | 20.7× | |
| P/S | 0.3×-38.6% | 0.5×-23.5% | 0.6×-16.4% | 0.7×-51.2% | 1.5×-60.9% | |
| P/B | 1.1×+1.4% | 1.1×-6.6% | 1.1×-11.0% | 1.3×-40.2% | 2.1×-58.1% | |
| P/FCF | — | — | 10.5×+32.0% | 7.9×-40.8% | 13.4×-80.0% | |
| Earnings yield | — | — | — | 5.3%+10.9% | 4.8% | |
| FCF yield | — | — | 9.6%-24.3% | 12.6%+68.9% | 7.5%+400.4% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PENN’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 PENN filings on SEC EDGAR → Not investment advice.