C

CAESARS ENTERTAINMENT, INC.

CZR · CIK 0001590895

14 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$11.49B2.1%
FY2025
Net income (FY)
−$502.0M80.6%
FY2025
Free cash flow (FY)
$497.0M324.9%
FY2025
Diluted EPS (FY)
$-2.4287.6%
FY2025
The story, charted

The shape of the business

FY2012–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2012 · Revenue $296.3M · Net income −$991,000 · 0001047469-15-002278 · filed 2015-03-16FY12Revenue $296.3MNet income −$991,0000001047469-15-002278 · filed 2015-03-16FY2013 · Revenue $247.2M · Net income $18.9M · 0001558370-16-004151 · filed 2016-03-15FY13Revenue $247.2MNet income $18.9M0001558370-16-004151 · filed 2016-03-15FY2014 · Revenue $361.8M · Net income −$14.4M · 0001564590-17-004044 · filed 2017-03-13FY14Revenue $361.8MNet income −$14.4M0001564590-17-004044 · filed 2017-03-13FY2015 · Revenue $719.8M · Net income $114.2M · 0001564590-18-003554 · filed 2018-02-27FY15Revenue $719.8MNet income $114.2M0001564590-18-003554 · filed 2018-02-27FY2016 · Revenue $900.5M · Net income $24.5M · 0001564590-19-005640 · filed 2019-03-01FY16Revenue $900.5MNet income $24.5M0001564590-19-005640 · filed 2019-03-01FY2017 · Revenue $1.48B · Net income $73.4M · 0001564590-20-007599 · filed 2020-02-28FY17Revenue $1.48BNet income $73.4M0001564590-20-007599 · filed 2020-02-28FY2018 · Revenue $2.06B · Net income $95.0M · 0001590895-21-000085 · filed 2021-03-01FY18Revenue $2.06BNet income $95.0M0001590895-21-000085 · filed 2021-03-01FY2019 · Revenue $2.53B · Net income $81.0M · 0001590895-22-000061 · filed 2022-02-24FY19Revenue $2.53BNet income $81.0M0001590895-22-000061 · filed 2022-02-24FY2020 · Revenue $3.63B · Net income −$1.76B · 0001590895-23-000070 · filed 2023-02-22FY20Revenue $3.63BNet income −$1.76B0001590895-23-000070 · filed 2023-02-22FY2021 · Revenue $9.57B · Net income −$1.02B · 0001590895-24-000051 · filed 2024-02-20FY21Revenue $9.57BNet income −$1.02B0001590895-24-000051 · filed 2024-02-20FY2022 · Revenue $10.82B · Net income −$899.0M · 0001590895-25-000068 · filed 2025-02-25FY22Revenue $10.82BNet income −$899.0M0001590895-25-000068 · filed 2025-02-25FY2023 · Revenue $11.53B · Net income $786.0M · 0001590895-26-000011 · filed 2026-02-17FY23Revenue $11.53BNet income $786.0M0001590895-26-000011 · filed 2026-02-17FY2024 · Revenue $11.24B · Net income −$278.0M · 0001590895-26-000011 · filed 2026-02-17FY24Revenue $11.24BNet income −$278.0M0001590895-26-000011 · filed 2026-02-17FY2025 · Revenue $11.49B · Net income −$502.0M · 0001590895-26-000011 · filed 2026-02-17FY25Revenue $11.49BNet income −$502.0M0001590895-26-000011 · filed 2026-02-17FY25Revenue $11.49BNet income −$502.0M0001590895-26-000011 · filed 2026-02-17FY13FY15FY17FY19FY21FY23FY25

revenue 38.8× since FY2012 · net margin -0.3% → -4.4%

MarginsNet marginFCF margin
-40%-20%0%20%FY2012 · Net margin -0.3% · FCF margin 6.5%FY12Net margin -0.3%FCF margin 6.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 7.6% · FCF margin 6.5%FY13Net margin 7.6%FCF margin 6.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin -4.0% · FCF margin 5.8%FY14Net margin -4.0%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 15.9% · FCF margin 2.8%FY15Net margin 15.9%FCF margin 2.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 2.7% · FCF margin 5.8%FY16Net margin 2.7%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 5.0% · FCF margin 3.2%FY17Net margin 5.0%FCF margin 3.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin 4.6% · FCF margin 8.6%FY18Net margin 4.6%FCF margin 8.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 3.2% · FCF margin 5.6%FY19Net margin 3.2%FCF margin 5.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -48.4% · FCF margin -20.0%FY20Net margin -48.4%FCF margin -20.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin -10.6% · FCF margin 7.1%FY21Net margin -10.6%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin -8.3% · FCF margin 0.4%FY22Net margin -8.3%FCF margin 0.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 6.8% · FCF margin 4.7%FY23Net margin 6.8%FCF margin 4.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin -2.5% · FCF margin -2.0%FY24Net margin -2.5%FCF margin -2.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin -4.4% · FCF margin 4.3%FY25Net margin -4.4%FCF margin 4.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin -4.4%FCF margin 4.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’13’16’19’22’25

FY2025: net -4.4% · free cash flow 4.3% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2BFY2012 · OCF $28.4M · FCF $19.2M · 0001047469-15-002278 · filed 2015-03-16FY12OCF $28.4MFCF $19.2M0001047469-15-002278 · filed 2015-03-16FY2013 · OCF $23.5M · FCF $16.1M · 0001558370-16-004151 · filed 2016-03-15FY13OCF $23.5MFCF $16.1M0001558370-16-004151 · filed 2016-03-15FY2014 · OCF $31.6M · FCF $21.0M · 0001564590-17-004044 · filed 2017-03-13FY14OCF $31.6MFCF $21.0M0001564590-17-004044 · filed 2017-03-13FY2015 · OCF $56.7M · FCF $20.0M · 0001564590-18-003554 · filed 2018-02-27FY15OCF $56.7MFCF $20.0M0001564590-18-003554 · filed 2018-02-27FY2016 · OCF $95.4M · FCF $52.2M · 0001564590-19-005640 · filed 2019-03-01FY16OCF $95.4MFCF $52.2M0001564590-19-005640 · filed 2019-03-01FY2017 · OCF $129.9M · FCF $46.7M · 0001564590-20-007599 · filed 2020-02-28FY17OCF $129.9MFCF $46.7M0001564590-20-007599 · filed 2020-02-28FY2018 · OCF $323.3M · FCF $176.3M · 0001564590-20-007599 · filed 2020-02-28FY18OCF $323.3MFCF $176.3M0001564590-20-007599 · filed 2020-02-28FY2019 · OCF $312.5M · FCF $141.5M · 0001564590-20-007599 · filed 2020-02-28FY19OCF $312.5MFCF $141.5M0001564590-20-007599 · filed 2020-02-28FY2020 · OCF −$561.0M · FCF −$725.0M · 0001590895-23-000070 · filed 2023-02-22FY20OCF −$561.0MFCF −$725.0M0001590895-23-000070 · filed 2023-02-22FY2021 · OCF $1.20B · FCF $679.0M · 0001590895-24-000051 · filed 2024-02-20FY21OCF $1.20BFCF $679.0M0001590895-24-000051 · filed 2024-02-20FY2022 · OCF $993.0M · FCF $41.0M · 0001590895-25-000068 · filed 2025-02-25FY22OCF $993.0MFCF $41.0M0001590895-25-000068 · filed 2025-02-25FY2023 · OCF $1.81B · FCF $545.0M · 0001590895-26-000011 · filed 2026-02-17FY23OCF $1.81BFCF $545.0M0001590895-26-000011 · filed 2026-02-17FY2024 · OCF $1.07B · FCF −$221.0M · 0001590895-26-000011 · filed 2026-02-17FY24OCF $1.07BFCF −$221.0M0001590895-26-000011 · filed 2026-02-17FY2025 · OCF $1.30B · FCF $497.0M · 0001590895-26-000011 · filed 2026-02-17FY25OCF $1.30BFCF $497.0M0001590895-26-000011 · filed 2026-02-17FY25OCF $1.30BFCF $497.0M0001590895-26-000011 · filed 2026-02-17’13’16’19’22’25

FY2025: $1.30B operating cash − $805.0M capex = $497.0M free cash flow

Returns on capitalReturn on equityReturn on assets
0%FY2013 · ROE 25.0% · ROA 7.0%FY13ROE 25.0%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE -9.5% · ROA -1.2%FY14ROE -9.5%ROA -1.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 42.2% · ROA 8.6%FY15ROE 42.2%ROA 8.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 8.2% · ROA 1.9%FY16ROE 8.2%ROA 1.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 7.8% · ROA 2.1%FY17ROE 7.8%ROA 2.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE 9.2% · ROA 1.6%FY18ROE 9.2%ROA 1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 7.3% · ROA 1.4%FY19ROE 7.3%ROA 1.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE -35.0% · ROA -4.8%FY20ROE -35.0%ROA -4.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE -22.7% · ROA -2.7%FY21ROE -22.7%ROA -2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE -24.2% · ROA -2.7%FY22ROE -24.2%ROA -2.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 17.3% · ROA 2.4%FY23ROE 17.3%ROA 2.4%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -6.7% · ROA -0.9%FY24ROE -6.7%ROA -0.9%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE -14.3% · ROA -1.6%FY25ROE -14.3%ROA -1.6%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE -14.3%ROA -1.6%derived: net income ÷ equity · derived: net income ÷ assets’13’16’19’22’25

return on equity 25% (FY2013) → -14% (FY2025) · on assets -1.6%

Balance sheetLiabilitiesEquity
$0$20B$40BFY2013 · Liabilities $194.6M · Equity $75.6MFY13Liabilities $194.6MEquity $75.6M0001047469-15-002278 · filed 2015-03-16FY2014 · Liabilities $1.02B · Equity $151.5MFY14Liabilities $1.02BEquity $151.5M0001558370-16-004151 · filed 2016-03-15FY2015 · Liabilities $1.05B · Equity $270.7MFY15Liabilities $1.05BEquity $270.7M0001564590-17-004044 · filed 2017-03-13FY2016 · Liabilities $995.6M · Equity $298.5MFY16Liabilities $995.6MEquity $298.5M0001564590-18-003554 · filed 2018-02-27FY2017 · Liabilities $2.60B · Equity $941.6MFY17Liabilities $2.60BEquity $941.6M0001564590-19-005640 · filed 2019-03-01FY2018 · Liabilities $4.88B · Equity $1.03BFY18Liabilities $4.88BEquity $1.03B0001564590-20-007599 · filed 2020-02-28FY2019 · Liabilities $4.52B · Equity $1.12BFY19Liabilities $4.52BEquity $1.12B0001590895-21-000085 · filed 2021-03-01FY2020 · Liabilities $31.35B · Equity $5.02BFY20Liabilities $31.35BEquity $5.02B0001590895-22-000061 · filed 2022-02-24FY2021 · Liabilities $33.49B · Equity $4.48BFY21Liabilities $33.49BEquity $4.48B0001590895-23-000070 · filed 2023-02-22FY2022 · Liabilities $29.78B · Equity $3.71BFY22Liabilities $29.78BEquity $3.71B0001590895-24-000051 · filed 2024-02-20FY2023 · Liabilities $28.65B · Equity $4.55BFY23Liabilities $28.65BEquity $4.55B0001590895-25-000068 · filed 2025-02-25FY2024 · Liabilities $28.21B · Equity $4.16BFY24Liabilities $28.21BEquity $4.16B0001590895-26-000011 · filed 2026-02-17FY2025 · Liabilities $27.95B · Equity $3.50BFY25Liabilities $27.95BEquity $3.50B0001590895-26-000011 · filed 2026-02-17FY25Liabilities $27.95BEquity $3.50B0001590895-26-000011 · filed 2026-02-17’13’16’19’22’25

FY2025: $31.64B assets · $27.95B liabilities · $3.50B equity

The receipts