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PENN Entertainment, Inc.

PENNConsumer CyclicalNASDAQ

Resorts & Casinos · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$6.96B
+5.8% YoY
Net Income
-$843.1M
-170.7% YoY
EBITDA
$32.0M
-94.3% YoY
Free Cash Flow
-$223.5M

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About PENN Entertainment, Inc.

Headquartered within the consumer cyclical sector, PENN Entertainment, Inc. focuses on Resorts & Casinos services and products. PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally. At a $2.69B market cap, PENN Entertainment, Inc. ranks as a mid-cap company within consumer cyclical. The company operates through five segments: Northeast, South, West, Midwest, and Interactive.

Key stats
Market Cap$2.69B
Fwd P/E12.17
EPS$-6.58
Beta1.44
52W Change+30.4%
ROE-40.1%
Analysis

On the balance sheet, PENN has $708.0M in cash with $11.19B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$223.5M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -40.1%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.4% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $6.40B (2022) to $6.96B (2025).

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing PENN.

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