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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Caesars Entertainment, Inc. stands as a prominent gaming and lodging enterprise with extensive operations throughout the United States. The company manages numerous casinos, offering diverse gambling options like poker, keno, horse racing, and digital sports wagering platforms. Beyond its gaming ventures, Caesars provides a broad spectrum of leisure and accommodation services, including dining establishments, bars, nightclubs, lounges, hotels, and various entertainment facilities.
How they make money
Caesars Entertainment generates revenue primarily through gaming operations at its casino properties, including retail and online sports betting and iGaming. The company complements these gaming activities by operating hotels, restaurants, bars, entertainment venues, and retail shops to attract customers and drive visitation to its properties.
Products & services
The company provides diversified gaming, entertainment, and hospitality services, including casino gaming, hotel accommodations, food and beverage services, and a suite of mobile and online sports betting and iGaming experiences.
Brands & revenue mix
Caesars
Flagship brand for gaming and hospitality properties.
Separate brand revenue is not available in this research.Source
Harrah's
Major gaming and hospitality brand.
Separate brand revenue is not available in this research.Source
Horseshoe
Gaming and hospitality brand.
Separate brand revenue is not available in this research.Source
Eldorado
Gaming and hospitality brand.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Gaming equipment and technology providers — The company relies on various third-party vendors for gaming machines, digital platforms, and technology infrastructure necessary for casino and online operations.Source
Strengths
Diversified portfolio of gaming and hospitality assets across multiple jurisdictionsSource
Strong brand recognition through established names like Caesars, Harrah's, and HorseshoeSource
Risks
Regulatory and legal risks associated with gaming and sports betting legalizationSource
Competitive pressures in regional gaming marketsSource
Overall investment score · Quality, value, risk and opportunity
23
Poor
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
37
Poor
Financial Strength
38
Business Quality / Moat
68
Management
19
Growth Quality
26
Risk / Durability
12
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
29
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
37/100
Building Historical Record
Model Score 37/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Recent buyback activity is present
What to watch
•Elevated debt risk
•M&A headline · Sep 17, 2026
•M&A headline · Sep 10, 2026
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for CZR
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can CZR maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is CZR's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•Is CZR's debt load manageable relative to cash generation, interest costs and upcoming maturities?
•What specifically needs to improve for CZR to reach sustainable profitability?
•What future growth or profitability would be needed to justify CZR's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CZR
Detected from reported data — verify before acting.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
M&A headline · Sep 17, 2026
FTC Requests Additional Information Regarding Fertitta, Caesars Merger — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Looming Merger Shareholder Vote - AUUD, TECH, CZR and CBAN — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Diversified portfolio of gaming and hospitality assets across multiple jurisdictions.
+Strong brand recognition through established names like Caesars, Harrah's, and Horseshoe.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Debt risk (elevated): Total debt is at least one year of revenue.
−Interest coverage is below 2x.
−Cash covers less than 20% of total debt.
−Regulatory and legal risks associated with gaming and sports betting legalization.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Very Weak23/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Weak
41
Debt Cost8.8%
Debt Reduction YoY-5.1%
Debt / Equity7.52x
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Revenue
Poor
21
Revenue YoY1.4%
Revenue CAGR-0.2%
Net Margin-3.8%
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Asset
Weak
49
Asset Growth YoY-2.9%
Liquidation/Share$17.08
Net Assets/MCap1.14x
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Capital
Poor
12
Earnings Yield-7.4%
Buyback Yield1.7%
Debt Cost8.8%
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Management
Poor
19
ROIC7.6%
ROE-13.2%
ROA-1.4%
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Moat
Fair
68
EPS Growth—
FCF/Share Growth72.0%
Rev/Share Growth11.3%
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Valuation
Poor
0
Intrinsic Value—
Value Reference—
MOS—
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Buffett
Poor
35
Revenue21
Moat68
Valuation0
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MOS
Poor
0
MOS %—
Value Reference—
Deep Discount Reference—
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Financial
Poor
19
Interest Coverage0.9x
ROIC7.6%
FCF Yield8.6%
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Master
Poor
16
Financial19
Valuation0
Debt41
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Resilience
Poor
19
Survival Years0.5 yrs
Current Ratio0.80x
FCF Margin4.5%
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Score Changes
6 historical score records available
Previous Score
23
Sep 17, 2026
Change
Unchanged
Current Score
23
Oct 1, 2026
Category Changes
Revenue0
Debt0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett0
CZR score was unchanged.
Projected Score
Projected Score
25
Projected Change
+1.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.8 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailable
Current Price
$28.69
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Value Reference: —
Deep Discount Reference: —
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$11.65B
$11.49B
$11.24B
$11.53B
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····
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····
····
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Cost of Revenue
$5.06B
$7.16B
$5.42B
$5.39B
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····
····
····
····
····
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Gross Profit
$6.59B
$4.33B
$5.83B
$6.13B
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····
····
····
····
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Research & Development
$0.00
$0.00
$0.00
$0.00
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SG&A Expenses
$2.16B
$1.93B
$1.92B
$2.01B
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····
····
····
····
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Operating Expenses
$4.54B
$2.25B
$3.52B
$3.66B
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····
····
····
····
····
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EBITDA
$3.27B
$3.29B
$3.58B
$3.56B
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····
····
····
····
····
····
Operating Income
$2.04B
$2.08B
$2.30B
$2.47B
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····
····
····
····
····
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Interest Expense
$2.30B
$2.32B
$2.38B
$2.35B
····
····
····
····
····
····
····
Income Before Tax
-$433.0M
-$448.0M
-$124.0M
-$60.0M
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····
····
····
····
····
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Income Tax Expense
-$11.0M
-$11.0M
$87.0M
-$888.0M
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····
····
····
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Net Income
-$444.0M
-$502.0M
-$278.0M
$786.0M
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····
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Basic EPS
$-2.28
$-2.42
$-1.29
$3.66
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Basic Shares
204M
208M
215M
215M
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····
····
····
····
····
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Diluted Shares
204M
208M
215M
216M
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····
····
····
····
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····
Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026
Revenue
$2.99B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.30
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-1.2%
Cash Change
+8.0%
Margin Change
+1.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
Debt reduced
Potential Score Impact
Positive indicators included revenue growth, cash levels, debt levels, net income margin. Pressure indicators included EPS growth. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 3.0%. EPS declined 23.1%. Cash increased 8.0%. Total debt declined 1.2%. Net income margin improved by 1.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.