Latest Ratios: P/E Ratio 20.8x · EV/EBITDA 4.7x · ROE 58.9%. (2013–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.8B | $6.4B | $4.8B | $5.5B | $4.2B | $6.4B | $2.9B | $2.8B | $2.4B | $3.9B | $795M |
| Enterprise Value | $3.7B | $6.3B | $8.1B | $8.7B | $7.1B | $9.0B | $5.7B | $5.7B | $5.1B | $6.3B | $3.1B |
| P/E Ratio → | 20.85 | 19.86 | 18.28 | 18.14 | 11.91 | 19.37 | — | — | 15.04 | 80.33 | 22.51 |
| P/S Ratio | 1.90 | 3.16 | 2.47 | 3.19 | 2.52 | 3.96 | 2.49 | 1.51 | 1.41 | 2.42 | 0.55 |
| P/B Ratio | 20.08 | 19.13 | 15.62 | 22.57 | 129.88 | 128.04 | 4.86 | 3.58 | 2.91 | 6.14 | 1.26 |
| P/FCF | 13.22 | 22.00 | 19.22 | — | — | 11.78 | 19.06 | — | — | 96.27 | 4.33 |
| P/OCF | 6.27 | 10.43 | 8.74 | 11.14 | 7.72 | 10.50 | 13.82 | 8.84 | 6.86 | 13.53 | 2.30 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.12 | 4.16 | 5.05 | 4.26 | 5.57 | 4.86 | 3.07 | 3.04 | 3.90 | 2.12 |
| EV / EBITDA | 4.70 | 7.89 | 10.68 | 12.59 | 10.28 | 16.11 | 17.90 | 13.92 | 9.26 | 12.38 | 6.62 |
| EV / EBIT | 6.25 | 10.38 | 14.49 | 15.49 | 12.55 | 23.17 | 45.94 | 21.32 | 13.23 | 19.10 | 10.13 |
| EV / FCF | — | 21.71 | 32.36 | — | — | 16.56 | 37.25 | — | — | 155.00 | 16.77 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.6% | 52.6% | 61.6% | 63.7% | 64.6% | 65.9% | 57.6% | 48.8% | 52.8% | 54.5% | 56.3% |
| Operating Margin | 29.7% | 29.7% | 29.3% | 32.4% | 33.7% | 24.8% | 7.6% | 10.1% | 22.1% | 20.5% | 21.3% |
| Net Profit Margin | 9.3% | 9.3% | 7.9% | 10.2% | 12.3% | 14.9% | -12.7% | -0.2% | 9.4% | 2.2% | 6.3% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 58.9% | 58.9% | 55.9% | 127.5% | 499.4% | 73.9% | -21.7% | -0.4% | 21.7% | 5.5% | 15.2% |
| ROA | 4.6% | 4.6% | 3.9% | 4.8% | 6.3% | 7.0% | -3.8% | -0.1% | 4.1% | 1.0% | 2.8% |
| ROIC | 23.4% | 23.4% | 12.1% | 13.1% | 15.1% | 9.9% | 1.9% | 3.9% | 8.5% | 8.3% | 8.4% |
| ROCE | 15.9% | 15.9% | 15.5% | 16.8% | 18.7% | 12.4% | 2.4% | 5.0% | 10.5% | 9.9% | 10.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.18 | 0.18 | 11.22 | 13.67 | 93.64 | 57.53 | 4.84 | 3.88 | 3.49 | 4.11 | 3.82 |
| Debt / EBITDA | 0.07 | 0.07 | 4.55 | 4.82 | 4.38 | 5.15 | 9.12 | 7.40 | 5.17 | 5.15 | 5.20 |
| Net Debt / Equity | — | -0.25 | 10.68 | 13.11 | 90.00 | 52.03 | 4.64 | 3.72 | 3.35 | 3.74 | 3.61 |
| Net Debt / EBITDA | -0.11 | -0.11 | 4.34 | 4.62 | 4.21 | 4.65 | 8.74 | 7.09 | 4.96 | 4.69 | 4.91 |
| Debt / FCF | — | -0.29 | 13.14 | — | — | 4.78 | 18.19 | — | — | 58.73 | 12.45 |
| Interest Coverage | 2.99 | 2.99 | 2.43 | 3.10 | 4.35 | 3.77 | 0.97 | 1.71 | 2.70 | 2.51 | 2.17 |
Net cash position: cash ($142M) exceeds total debt ($58M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.79 | 0.79 | 0.91 | 0.81 | 0.75 | 1.85 | 1.12 | 1.02 | 0.79 | 1.43 | 1.01 |
| Quick Ratio | 0.74 | 0.74 | 0.86 | 0.76 | 0.71 | 1.79 | 1.06 | 0.96 | 0.74 | 1.38 | 0.96 |
| Cash Ratio | 0.39 | 0.39 | 0.51 | 0.39 | 0.40 | 1.34 | 0.61 | 0.47 | 0.34 | 0.97 | 0.54 |
| Asset Turnover | — | 0.48 | 0.48 | 0.44 | 0.50 | 0.52 | 0.32 | 0.45 | 0.42 | 0.45 | 0.41 |
| Inventory Turnover | 53.14 | 53.14 | 45.35 | 41.06 | 44.60 | 47.08 | 38.33 | 53.49 | 53.26 | 58.49 | 53.14 |
| Days Sales Outstanding | — | 13.41 | 12.12 | 16.17 | 9.57 | 8.29 | 10.84 | 11.14 | 11.15 | 11.07 | 12.88 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.8% | 1.9% | 1.2% | 1.1% | 2.8% | 3.2% | 0.2% | 1.0% | 1.2% | 0.7% | 1.3% |
| Payout Ratio | 64.2% | 64.2% | 38.4% | 33.3% | 56.8% | 84.3% | — | — | 17.6% | 76.8% | 11.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 5.0% | 5.5% | 5.5% | 8.4% | 5.2% | — | — | 6.6% | 1.2% | 4.4% |
| FCF Yield | 7.6% | 4.5% | 5.2% | — | — | 8.5% | 5.2% | — | — | 1.0% | 23.1% |
| Buyback Yield | 2.1% | 1.2% | 0.4% | 0.3% | 3.4% | 7.8% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% |
| Total Shareholder Yield | 3.9% | 3.1% | 1.6% | 1.3% | 6.2% | 11.0% | 0.3% | 1.0% | 1.2% | 0.8% | 1.3% |
| Shares Outstanding | — | $103M | $104M | $103M | $105M | $116M | $117M | $117M | $117M | $116M | $34M |
Regional Economic Concentration
According to recent market data, RRR trades at a forward P/E of 23.84, which appears elevated relative to its decelerating revenue growth and suggests that investors are pricing in significant future development optionality rather than current earnings, as reported in the latest quarterly financial disclosures.
The current valuation multiple reflects a market expectation that the company's land bank will yield superior long-term returns, yet this premium appears difficult to justify given the recent compression in operating margins. Investors should monitor whether this valuation remains sustainable if the regional gaming market experiences a prolonged period of stagnant consumer discretionary spending.
Based on reported figures, RRR's ROIC has shown extreme volatility, spiking to 50.0% in 2026Q1 from a low of 2.7% in 2025Q3, which indicates that the company's return on invested capital is heavily influenced by the timing of major project completions rather than consistent operational compounding.
The wide variance in ROIC suggests that traditional return metrics may be misleading during periods of heavy capital expenditure, such as the Durango project. Analysts should look past these headline figures to assess whether the underlying assets are generating sufficient cash flow to justify the significant capital intensity required to maintain the company's competitive moat.
As indicated by the company's financial statements, the cash conversion cycle has remained relatively stable, averaging roughly 10 days over the last ten quarters, which suggests that RRR maintains a lean operational structure despite the inherent complexities of managing large-scale hospitality and gaming floor labor requirements.
The company's ability to maintain a short cash conversion cycle is a positive indicator of operational discipline, yet the low current ratio of 0.81 warrants further investigation into potential liquidity constraints. This efficiency is necessary to offset the high fixed-cost nature of the business, but it leaves little room for error if regional demand shifts unexpectedly.
As reported in financial filings, the P/B ratio of 20.77 is frequently misapplied to RRR, as it fails to account for the significant market value of the company's entitled land bank, which is carried at historical cost and thus obscures the true underlying asset value.
Investors should instead focus on the intrinsic value of the land bank and the cash-generating potential of the management contracts, rather than relying on book value. Using P/B as a primary valuation tool for this business model likely leads to an inaccurate assessment of the company's true financial health and growth potential.
Includes 30+ ratios · 13 years · Updated daily
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Quick answers to the most common questions about buying RRR stock.
Red Rock Resorts, Inc.'s current P/E ratio is 20.8x. The historical average is 25.7x. This places it at the 75th percentile of its historical range.
Red Rock Resorts, Inc.'s current EV/EBITDA is 4.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
Red Rock Resorts, Inc.'s return on equity (ROE) is 58.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 66.1%.
Based on historical data, Red Rock Resorts, Inc. is trading at a P/E of 20.8x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Red Rock Resorts, Inc.'s current dividend yield is 1.81% with a payout ratio of 64.2%.
Red Rock Resorts, Inc. has 52.6% gross margin and 29.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Red Rock Resorts, Inc.'s Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.