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Net debt / EBITDA at other companies

Churchill Downs logo
Churchill DownsCHDN
2.1×+0.3×
MGM Resorts International logo
MGM Resorts InternationalMGM
13.1×+0.3×
FLL
Full House ResortsFLL
10×-1.2×
Boyd Gaming logo
Boyd GamingBYD
2.4×-0.8×
Monarch Casino & Resort logo
Monarch Casino & ResortMCRI
-0.7×+1.8×
PENN Entertainment, Inc. logo
PENN Entertainment, Inc.PENN
22.4×

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

Calculated from Caesars Entertainment, Inc.’s reported figures.

Based on the most recent quarter.

The source filing: Caesars Entertainment, Inc.’s 10-Q, filed July 28, 2026. Open the filing →

Filed
Jul 28, 2026, 4:14 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001590895-26-000028

FAQ

What is Caesars Entertainment, Inc.'s net debt / EBITDA?
Caesars Entertainment, Inc. (CZR) reported net debt / EBITDA of 7.3× in Q2 2026.
How has Caesars Entertainment, Inc.'s net debt / EBITDA changed year-over-year?
Caesars Entertainment, Inc.'s net debt / EBITDA increased by 12.9% year-over-year, from 6.5× to 7.3×.
What is the long-term trend for Caesars Entertainment, Inc.'s net debt / EBITDA?
Over 5 years (2020 to 2025), Caesars Entertainment, Inc.'s net debt / EBITDA has grown at a -47.3% compound annual growth rate (CAGR), from 88.1× to 3.6×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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