PENNPENN Entertainment, Inc.
Is the business good?
Margins compressing. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is PENN?
PENN Entertainment, Inc. earns −12% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 21 points below what the capital costs: growth destroys value
- Operating margin
- −7.9%
Operating margin · Resorts & Casinos median 15% · 12 months to Q2 2026
- Share count, year on year
- −8.0%
Share count, year on year · bought back, each share owns more of the company
| Year | Operating margin |
|---|---|
| FY2020 | −11% |
| FY2021 | 18% |
| FY2022 | 15% |
| FY2023 | −11% |
| FY2024 | 1.1% |
| FY2025 | −9.7% |
Details›
- Operating margin12 months to Q2 2026
- −7.9%
- Net margin12 months to Q2 2026
- −13%
- Free cash flow margin
- 1.3%
- Revenue, trailing twelve months
- $7.16B
- Free cash flow, trailing twelve months
- $96M
- Net income, trailing twelve months
- −$907M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −12%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.