CZRCaesars Entertainment, Inc.
Is the business good?
The checks split: nothing decisive, though margins compressing.
Operating profit is mostly backed by cash. Conversion is improving vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CZR?
Caesars Entertainment, Inc. earns 10% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 1.4 points above what the capital costs: growth creates value
- Operating margin
- 16%
Operating margin · Resorts & Casinos median 15% · 12 months to Q2 2026
- Cash conversion
- 0.88×
Cash conversion · 0.66× a year ago · most of the operating profit arrived as cash, working capital took the rest
- Share count, year on year
- −2.4%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −11% |
| FY2021 | 15% |
| FY2022 | 16% |
| FY2023 | 21% |
| FY2024 | 20% |
| FY2025 | 16% |
Details›
- Operating margin12 months to Q2 2026
- 16%
- Net margin12 months to Q2 2026
- −4.0%
- Free cash flow margin
- 5.2%
- Revenue, trailing twelve months
- $11.6B
- Free cash flow, trailing twelve months
- $610M
- Net income, trailing twelve months
- −$465M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 10%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.