What is PENN Entertainment, Inc.'s operating margin?

PENN Entertainment, Inc. (PENN) reported operating margin of -8.8% in Q1 2026.

What is the long-term trend for PENN Entertainment, Inc.'s operating margin?

Over 3 years (2021 to 2025), PENN Entertainment, Inc.'s operating margin has grown at a -18.6% compound annual growth rate (CAGR), from 17.9% to -9.7%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

PENN Entertainment, Inc. PENN Operating margin

Operating margin at other companies

Churchill DownsCHDN

23.5%-2.3pp

MGM Resorts InternationalMGM

5.2%-3.1pp

Boyd GamingBYD

17.4%-5.5pp

Caesars Entertainment, Inc.CZR

16.2%-4.2pp

Flutter EntertainmentFLUT

-0.6%-7.4pp

Rush Street InteractiveRSI

9.3%+5.3pp

Other financials

Income statement

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Revenue$1.8B+6.4%

Operating income$97.1M+127%

Net income-$2.3M-102%

EPS (diluted)-$0.02-103%

Balance sheet

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Cash & equivalents$708.0M+19.7%

Total debt$8.9B+2.6%

Total equity$1.8B-38.5%

Total assets$14.1B-6.4%

Cash flow

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Operating cash flow$122.4M+192%

CapEx$94.6M-24.4%

Free cash flow$27.8M+133%

Valuation

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Market cap$2.74B-19.5%

Enterprise value$10.9B-3.6%

P/S0.4×-0.1×

Profitability

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Net margin-13.5%-15.1pp

FCF margin5.8%-3.3pp

Returns & leverage

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Return on equity-39.9%-43.1pp

Debt / equity4.8×+1.9×

Current ratio0.8×+0.1×

Where this comes from

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

operating income/total revenue=-8.8%

Based on trailing twelve months.

The official record: PENN Entertainment, Inc.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PENN Entertainment, Inc.'s operating margin?: PENN Entertainment, Inc. (PENN) reported operating margin of -8.8% in Q1 2026.
What is the long-term trend for PENN Entertainment, Inc.'s operating margin?: Over 3 years (2021 to 2025), PENN Entertainment, Inc.'s operating margin has grown at a -18.6% compound annual growth rate (CAGR), from 17.9% to -9.7%.
What does operating margin mean?: Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.