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Caesars Entertainment, Inc. CZR Managed and Branded — Goodwill, Gross

Other segment segments

Las Vegas
$6.68B0.0%
Regional
$3.09B0.0%
Caesars Digital
$1.2B0.0%

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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:GoodwillGross.

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
Gross Goodwill:
Balance as of January 1, 2024$6,889$3,093$1,204$11,186
Other (a)(207)(207)
Balance as of December 31, 20246,6823,0931,20410,979
Accumulated Impairment:
Balance as of January 1, 2024(196)(196)
Impairment(182)(182)
Balance as of December 31, 2024(378)(378)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Caesars Entertainment, Inc.'s managed and branded — goodwill, gross?
Caesars Entertainment, Inc. (CZR) reported managed and branded — goodwill, gross of $0 in Q4 2025.
What does managed and branded — goodwill, gross mean?
Represents the total historical cost of goodwill associated with the Managed and Branded business segment. This reflects the premium paid over the fair value of net identifiable assets during acquisitions within this specific operational segment.

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