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Caesars Entertainment, Inc. CZR Building — Lessee, operating lease, lease year

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Other financials

Income statement

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Revenue$3.0B+3.0%
Operating income$513.0M-2.5%
Net income-$62.0M+24.4%
EPS (diluted)-$0.30+23.1%

Balance sheet

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Cash & equivalents$965.0M-1.7%
Total debt$24.9B-1.2%
Total equity$3.4B-13.4%
Total assets$31.7B-2.3%

Cash flow

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Operating cash flow$471.0M+1.9%
CapEx$167.0M-27.4%
Free cash flow$304.0M+31.0%

Valuation

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Market cap$6.12B+18.3%
Enterprise value$30.01B+2.2%
P/S0.5×+0.1×

Profitability

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Operating margin15.9%-4.5pp
Net margin-4%-23.5pp
FCF margin5.2%

Returns & leverage

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Return on equity-12.8%-36.2pp
Debt / equity7.4×+0.9×
Current ratio0.9×0.0×

Where this comes from

Reported directly by Caesars Entertainment, Inc. in its filing.

Tagged under the XBRL concept czr:LesseeOperatingLeaseLeaseYear.

The source filing: Caesars Entertainment, Inc.’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 4:18 PM EST
Fiscal year
FY2025
Accession
0001590895-26-000011

CEI also leases the real estate underlying Horseshoe St. Louis from GLPI, (the “Lumière Lease”). The Lumière Lease, inclusive of all amendments, provides for (i) an initial term commencing on September 29, 2020 and ending on October 31, 2033, (ii) four five-year renewal options, (iii) annual rent payments of $23 million, (iv) escalation provisions commencing in lease year two equal to 101.25% of the rent for the preceding year for lease years two through five, 101.75% for lease years six and seven and 102% for each lease year thereafter, and (v) certain relief under the financial covenant in the event of involuntary closures.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Caesars Entertainment, Inc.'s building — lessee, operating lease, lease year?
Caesars Entertainment, Inc. (CZR) reported building — lessee, operating lease, lease year of 8 in Q4 2025.
How has Caesars Entertainment, Inc.'s building — lessee, operating lease, lease year changed year-over-year?
Caesars Entertainment, Inc.'s building — lessee, operating lease, lease year decreased by 0.0% year-over-year, from 8 to 8.
What does building — lessee, operating lease, lease year mean?
This metric represents the total lease expense or obligation incurred for the current fiscal year related to operating leases within the building segment. It is a key component of the company's fixed operating cost structure and reflects the current financial impact of its real estate strategy. Analyzing this figure allows stakeholders to measure the current burden of lease agreements on segment profitability.

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