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Red Rock Resorts, Inc.

RRR

Red Rock Resorts is a leading gaming, development, and management company that primarily serves the Las Vegas local market.

Market cap
$3.8B+5.5%
Revenue$2.0B+3.8%
Net income$186.2M+19.4%
Free cash flow$255.1M-13.2%
EPS (diluted)$3.11+20.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$500.1M
EPS estimate$0.51

Financials

Q1 2026

Income statement

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Revenue$507.3M+1.9%
Operating income$143.7M-6.9%
Net income$42.9M-4.2%
EPS (diluted)$0.73-2.7%

Balance sheet

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Cash & equivalents$134.0M-11.0%
Total debt$3.6B+6.0%
Total equity$142.7M-42.2%
Total assets$4.2B+3.4%

Cash flow

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Operating cash flow$139.8M+10.8%
CapEx$117.2M+71.8%
Free cash flow$22.6M-61.0%

Valuation & ratios

Valuation

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Market cap$3.8B+5.5%
Enterprise value$7.28B+11.1%
P/E20.4×+1.8×
P/S1.9×+0.2×

Profitability

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Operating margin29%-0.1pp
Net margin9.2%+1.2pp
FCF margin12.6%-2.5pp

Returns & leverage

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Return on equity95.5%+14.0pp
Debt / equity25.3×+11.5×
Current ratio0.8×-0.1×

Segments

By product

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Casino$340.5M+2.2%
Food and beverage$90.3M+1.2%
Room$45.5M-9.3%
Other$26.2M+4.2%
Native American management and development fees$4.7M

By segment

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Las Vegas Operations$499.5M+0.9%
Native American Management$4.7M

Competitors

Profile

Red Rock Resorts is a leading gaming, development, and management company that primarily serves the Las Vegas local market. The company operates a portfolio of major gaming and entertainment facilities and smaller casinos, offering a value-oriented experience characterized by high-density slot play and extensive non-gaming amenities. Its core value proposition centers on strategically located neighborhood assets that capture repeat visitation from the growing Las Vegas metropolitan population.

Competitive position

A dominant operator in the Las Vegas locals market with a significant land bank for future development and a high-margin operational structure.

GeographiesUnited States, Nevada, California
Customer segmentsLocal residents, Leisure travelers, Business travelers
Business modelAsset-heavy, B2C, Management services
SuppliersGaming equipment manufacturers, Food and beverage wholesalers, Utility providers, Construction contractors
CustomersIndividual retail gamblers, Leisure travelers, Local diners, Event and convention organizers
Listed2016
Employees7.9K
CEOFrank J. Fertitta
FilingsSEC EDGAR

Questions, answered.

What is Red Rock Resorts, Inc.'s market cap?
Red Rock Resorts, Inc. (RRR) has a market capitalization of $3.8B and trades on NASDAQ.
What is Red Rock Resorts, Inc.'s revenue and profitability?
Red Rock Resorts, Inc. generated $2.0B in trailing twelve-month revenue with net income of $186.2M, representing a net margin of 9.2%, with free cash flow of $255.1M. These figures are based on the Q1 2026 filing.
Who are Red Rock Resorts, Inc.'s competitors?
Red Rock Resorts, Inc.'s key competitors include Caesars Entertainment, Boyd Gaming Corporation, MGM Resorts International, and others. These companies compete in similar markets and product categories.
Who does Red Rock Resorts, Inc. partner with?
Red Rock Resorts, Inc.'s notable partners include North Fork Rancheria of Mono Indians, Regal Cinebarre.
What subsidiaries does Red Rock Resorts, Inc. have?
Red Rock Resorts, Inc.'s subsidiaries include Station Casinos LLC, Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, and others.
Where is Red Rock Resorts, Inc. headquartered?
Red Rock Resorts, Inc. is headquartered in United States of America and employs approximately 7,850 people. It has been publicly traded since 2016.