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Caesars Entertainment, Inc. CZR Las Vegas — Goodwill

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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 us-gaap:Goodwill.

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
Changes in Carrying Value of Goodwill by Segment / (In millions)Changes in Carrying Value of Goodwill by Segment / Las VegasRegionalCaesars DigitalManaged and BrandedCEI Total
Balance as of January 1, 2024(196)(196)
Impairment(182)(182)
Balance as of December 31, 2024(378)(378)
Net carrying value, as of December 31, 2024$6,682$2,715$1,204$10,601
Gross Goodwill:
Balance as of January 1, 2025$6,682$3,093$1,204$10,979
Other
Balance as of December 31, 20256,6823,0931,20410,979

Item 8. Financial Statements and Supplementary Data

FAQ

What is Caesars Entertainment, Inc.'s las vegas — goodwill?
Caesars Entertainment, Inc. (CZR) reported las vegas — goodwill of $6.68B in Q4 2025.
How has Caesars Entertainment, Inc.'s las vegas — goodwill changed year-over-year?
Caesars Entertainment, Inc.'s las vegas — goodwill decreased by 0.0% year-over-year, from $6.68B to $6.68B.
What does las vegas — goodwill mean?
The residual value of acquired assets in the Las Vegas segment that exceeds the fair value of identifiable net assets. It represents the premium paid for brand equity, customer relationships, and market presence in the Las Vegas gaming market. Monitoring this balance helps investors understand the scale of historical capital deployment and potential future impairment risks.

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