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Caesars Entertainment, Inc. CZR Building — Lessee, operating lease, preceding 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:LesseeOperatingLeasePrecedingYear.

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 leases certain real property assets from GLPI under the Master Lease (as amended, the “GLPI Master Lease”). The GLPI Master Lease, encompassing a portfolio of properties within the United States, provides for the lease of land, buildings, structures and other improvements on the land, easements and similar appurtenances to the land and improvements relating to the operation of the leased properties. The GLPI Master Lease, inclusive of all amendments, provides for (i) an initial term of 20 years (through September 2038), (ii) four five-year renewals at the Company’s option, (iii) annual land and building base rent of $24 million and $63 million, respectively, (iv) escalating provisions of building base rent equal to 101.25% of the rent for the preceding year for lease years five and six, 101.75% for lease years seven and eight and 102% for each lease year thereafter and (v) relief from the operating, capital expenditure and financial covenants in the event of involuntary closures.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Caesars Entertainment, Inc.'s building — lessee, operating lease, preceding year?
Caesars Entertainment, Inc. (CZR) reported building — lessee, operating lease, preceding year of 6 in Q4 2025.
How has Caesars Entertainment, Inc.'s building — lessee, operating lease, preceding year changed year-over-year?
Caesars Entertainment, Inc.'s building — lessee, operating lease, preceding year decreased by 0.0% year-over-year, from 6 to 6.
What does building — lessee, operating lease, preceding year mean?
This metric captures the total financial obligation or expense recognized for operating leases within the building segment during the prior fiscal period. It provides a baseline for historical comparison to evaluate trends in real estate occupancy costs and asset utilization. Investors use this to track year-over-year changes in the company's commitment to leased physical infrastructure.

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