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PENNPENN Entertainment, Inc.
$20.78$2.8B
Overview & Verdict
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PENN logoPENN Entertainment, Inc.(PENN)Earnings, Financials & Key Ratios

PENN•NASDAQ
$20.78
Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryCasinos & GamingSub-IndustryRegional and Local Casino Operators
AboutPENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.Show more
  • Revenue$6.96B+5.8%
  • EBITDA$719M+42.1%
  • Net Income-$843M-170.7%
  • EPS (Diluted)-5.83-184.4%
  • Gross Margin27.37%-16.8%
  • EBITDA Margin10.33%+34.3%
  • Operating Margin3.91%+254.7%
  • Net Margin-12.11%-155.8%
  • ROE-35.98%-249.9%

PENN Price & Volume

PENN Entertainment, Inc. (PENN) stock price & volume — 10-year historical chart

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Digital Pivot Pressures Penn Entertainment Financial Stability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Strained
Cash Flow:Burning
Primary Risk:High leverage and liquidity

Key Thesis Takeaways

  • PENN Entertainment is currently navigating a high-stakes transition toward its ESPN Bet digital platform, which continues to weigh heavily on the company's core regional casino profitability.
  • While the firm maintains a modest 6.4% revenue growth rate as of 2026Q1, the persistent cash burn and significant debt-to-equity ratio of 4.54 suggest that the digital strategy remains a substantial drag on shareholder value.
  • Investors should monitor whether the company can achieve sustainable operating leverage before its liquidity buffer, currently reflected in a 0.82 current ratio, faces further erosion.

Verdict Logic

the company's inability to generate consistent free cash flow, coupled with a 2026Q1 net income of -$2.3M, suggests that the current digital expansion strategy poses significant risks to long-term solvency.

PENN Growth Metrics

PENN Entertainment, Inc. (PENN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years9.39%
5 Years14.23%
3 Years2.83%
TTM6.38%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-1026.24%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-966.22%

Return on Capital

10 Years4.41%
5 Years2.27%
3 Years-0.64%
Last Year2.04%

PENN Recent Earnings

PENN Entertainment, Inc. (PENN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 23, 2026
Metric
Actual
Est
EPS
$0.11+120.0%
$0.05
Rev
$1.8B+1.7%
$1.7B
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.07+130.4%
$0.23
Rev
$1.8B+2.6%
$1.8B
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.22-120.0%
$0.10
Rev
$1.7B-2.4%
$1.8B
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.10+350.0%
$0.04
Rev
$1.8B+2.6%
$1.7B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 23, 2026
$0.11vs $0.05+120.0%
$1.8Bvs $1.7B+1.7%
Q1 2026Feb 26, 2026
$0.07vs $0.23+130.4%
$1.8Bvs $1.8B+2.6%
Q4 2025Nov 6, 2025
$0.22vs $0.10-120.0%
$1.7Bvs $1.8B-2.4%
Q3 2025Aug 7, 2025
$0.10vs $0.04+350.0%
$1.8Bvs $1.7B+2.6%
Based on last 12 quarters of dataView full earnings history →

Latest PENN News

Recent stock market news and headlines for PENN Entertainment, Inc. (PENN)

Zacks Investment Research·12h ago
Why PENN Entertainment (PENN) is a Top Value Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

GuruFocus·1 day ago
A Look at PENN Entertainment Inc (PENN) After 3.9% Decline -- GF Value $23.35 vs Price $21.15

On July 06, 2026, PENN Entertainment Inc (PENN) shares fell 3.9% today to a current price of $21.15. Over the past week, the stock has decreased by 4.1%, while

The Motley Fool·Jun 30, 2026
3 Reasons Why I'm Loading Up on Penn Entertainment in the Second Half of 2026

Penn Entertainment is already one of this year's best-performing casino stocks. Its core regional casino business is sturdy, and its interactive unit may be turning a corner.

Business Wire·Jun 29, 2026
PENN Entertainment to Report Second Quarter Results and Host Conference Call and Webcast on August 6

WYOMISSING, Pa.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) announced today that it will release its 2026 second quarter financial results at 7:00 a.m. ET on Thursday, August 6, 2026, followed by a conference call and simultaneous webcast at 9:00 a.m. ET. Both the call and webcast are open to the general public. The conference call number is 833-309-3473 (conference ID: PENN); please call five minutes in advance to ensure that you are connected prior to the presentation. Intereste.

Seeking Alpha·Jun 29, 2026
PENN Entertainment: A Cautious Buy As The Turnaround Takes Shape

PENN Entertainment is transitioning from a digital-betting disappointment to a credible turnaround story, supported by improved sentiment and Q1 outperformance. Retail casino stability remains foundational; Q2 results are pivotal for confirming the turnaround, with management raising 2026 retail revenue and EBITDAR guidance. Interactive segment losses have narrowed, with a more disciplined digital strategy and profitability targeted by Q4 2026, excluding Alberta launch costs.

Peers Comparison

Key metrics vs top competitors for PENN Entertainment, Inc. (PENN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
PENN logoPENNPENN Entertainment, Inc.Current
$20.78$2.78B-3.565.82%-12.11%-35.98%—
CZR logoCZRCaesars Entertainment, Inc.
$30.35$6.18B-12.542.14%-4.19%-12.62%—
MGM logoMGMMGM Resorts International
$46.64$11.93B61.371.72%1.03%5.3%—
BYD logoBYDBoyd Gaming Corporation
$88.67$6.59B3.934.12%44.84%79.86%—
RRR logoRRRRed Rock Resorts, Inc.
$66.16$3.88B21.213.74%9.21%61.67%—
CHDN logoCHDNChurchill Downs Incorporated
$86.23$6.01B16.217.01%13.16%35.7%—

Compare PENN vs Peers

PENN Entertainment, Inc. (PENN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CZR

Most directly comparable listed peer for PENN.

Scale Benchmark

vs LVS

Larger-name benchmark to compare PENN against a more recognizable public peer.

Peer Set

Compare Top 5

vs CZR, MGM, BYD, RRR

PENN SEC Filings & Documents

PENN Entertainment, Inc. (PENN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 18, 2026·SEC

Material company update

May 28, 2026·SEC

Material company update

Apr 23, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 26, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 29, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

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PENN Frequently Asked Questions

PENN Entertainment, Inc. (PENN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is PENN Entertainment, Inc.'s revenue?

PENN Entertainment, Inc. (PENN) reported $7.07B in revenue for fiscal year 2025. This represents a 11154% increase from $62.8M in 1996.

How fast is PENN Entertainment, Inc. growing?

PENN Entertainment, Inc. (PENN) grew revenue by 5.8% over the past year. This is steady growth.

Is PENN profitable?

PENN Entertainment, Inc. (PENN) reported a net loss of $957.3M for fiscal year 2025.

Dividend & Returns
What is PENN's return on equity?

PENN Entertainment, Inc. (PENN) has a return on equity (ROE) of -36.0%. Negative ROE indicates the company is unprofitable.

What is PENN Entertainment, Inc.'s free cash flow?

PENN Entertainment, Inc. (PENN) had negative free cash flow of $57.7M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in PENN back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →