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PENN Entertainment, Inc. logo

PENN Entertainment, Inc.

PENN

NASDAQConsumer CyclicalGambling, Resorts & Casinos

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Latest quote

$18.65

+$0.205 · +1.11%

Aug 21, 3:55 PM ET

PENN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

47

Fair Value

Momentum

56

Neutral

Sentiment

52

Mixed

Risk resilience

53

Elevated Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

PENN Entertainment, Inc., along with its various subsidiaries, offers a comprehensive range of entertainment, sports media, and casino gaming services across North America. Its operations are segmented into five distinct divisions: Northeast, South, West, Midwest, and Interactive. The firm manages 44 physical venues across 20 U.S. states, alongside offering online sports wagering in 13 regions and iCasino services in five, all united under a diverse brand umbrella that includes names like Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. Previously known as Penn National Gaming, Inc., the corporation adopted its current name, PENN Entertainment, Inc., in August 2022. Established in 1972, PENN Entertainment, Inc. maintains its headquarters in Wyomissing, Pennsylvania.

Industry
Gambling, Resorts & Casinos
Sector
Consumer Cyclical
Headquarters
US
CEO
Jay A. Snowden
Listed since
May 26, 1994
Employees
23,441

Market position

Volume
1.9M
0.54× average
Average volume
3.55M
Average daily volume
Market cap
2.49B USD
Beta
1.41
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
9.82B USD
P/E (TTM)
-2.94×
P/B (TTM)
1.34×
P/S (TTM)
0.35×
EV / EBITDA
306.99×
Earnings yield
-39.53%
Free cash flow yield
-6.54%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
24.13%
Operating margin
-6.40%
Net margin
-12.66%
Return on equity
-45.97%
Return on assets
-5.91%
Return on invested capital
2.05%

Financial health

Debt / equity
3.66×
Current ratio
0.79×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends53%29%6%-18%Gross margin, FY2021: 46.69%Gross margin, FY2022: 43.27%Gross margin, FY2023: 37.12%Gross margin, FY2024: 32.89%Gross margin, FY2025: 27.37%Operating margin, FY2021: 17.94%Operating margin, FY2022: 15.21%Operating margin, FY2023: -10.85%Operating margin, FY2024: 1.10%Operating margin, FY2025: 3.91%Net margin, FY2021: 7.13%Net margin, FY2022: 3.47%Net margin, FY2023: -7.70%Net margin, FY2024: -4.74%Net margin, FY2025: -12.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 46.69%. Gross margin FY2022 43.27%. Gross margin FY2023 37.12%. Gross margin FY2024 32.89%. Gross margin FY2025 27.37%. Operating margin FY2021 17.94%. Operating margin FY2022 15.21%. Operating margin FY2023 -10.85%. Operating margin FY2024 1.10%. Operating margin FY2025 3.91%. Net margin FY2021 7.13%. Net margin FY2022 3.47%. Net margin FY2023 -7.70%. Net margin FY2024 -4.74%. Net margin FY2025 -12.11%.

Income trends

Revenue

6.96B USD+5.82%

Operating income

272.1M USD+275.31%

Net income

−843.1M USD-170.66%
Income trends across reported periods7.74B USD4.62B USD1.5B USD−1.62B USDRevenue, FY2021: 5.91B USDRevenue, FY2022: 6.4B USDRevenue, FY2023: 6.36B USDRevenue, FY2024: 6.58B USDRevenue, FY2025: 6.96B USDOperating income, FY2021: 1.06B USDOperating income, FY2022: 974M USDOperating income, FY2023: −690.2M USDOperating income, FY2024: 72.5M USDOperating income, FY2025: 272.1M USDNet income, FY2021: 420.8M USDNet income, FY2022: 222.1M USDNet income, FY2023: −490M USDNet income, FY2024: −311.5M USDNet income, FY2025: −843.1M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 5.91B USD. Revenue FY2022 6.4B USD. Revenue FY2023 6.36B USD. Revenue FY2024 6.58B USD. Revenue FY2025 6.96B USD. Operating income FY2021 1.06B USD. Operating income FY2022 974M USD. Operating income FY2023 −690.2M USD. Operating income FY2024 72.5M USD. Operating income FY2025 272.1M USD. Net income FY2021 420.8M USD. Net income FY2022 222.1M USD. Net income FY2023 −490M USD. Net income FY2024 −311.5M USD. Net income FY2025 −843.1M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue6.96B USD6.58B USD6.36B USD6.4B USD5.91B USD
Cost of goods sold5.06B USD4.41B USD4B USD3.63B USD3.15B USD
Gross profit1.91B USD2.16B USD2.36B USD2.77B USD2.76B USD
Selling, general, and administrative1.63B USD1.57B USD1.56B USD1.11B USD1.35B USD
Operating expenses1.63B USD2.09B USD3.05B USD1.8B USD1.7B USD
Interest income9.7M USD23.6M USD40.3M USD18.3M USD1.1M USD
Interest expense405.8M USD470.5M USD464.7M USD758.2M USD562.8M USD
Depreciation and amortization446.9M USD433.6M USD435.1M USD567.5M USD344.5M USD
Operating income272.1M USD72.5M USD−690.2M USD974M USD1.06B USD
Net income−843.1M USD−311.5M USD−490M USD222.1M USD420.8M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
9%
1 beat, 9 misses, 1 met estimate
Average EPS surprise
-644.65%
11 comparable reports
Latest EPS result
0.25
Estimate 0.37 · Miss by 33.08%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.89-1.59-4.07-6.54Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual -0.88, estimate -0.29, surprise -203.45%, Miss. Q2 2025, reported May 8, 2025: actual -0.68, estimate -0.29, surprise -134.48%, Miss. Q3 2025, reported Aug 7, 2025: actual -0.12, estimate -0.04, surprise -200.00%, Miss. Q4 2025, reported Nov 6, 2025: actual -6.03, estimate -0.1, surprise -5930.00%, Miss. Q1 2026, reported Feb 26, 2026: actual -0.55, estimate -0.23, surprise -139.13%, Miss. Q2 2026, reported Apr 23, 2026: actual -0.017, estimate 0.05, surprise -134.40%, Miss. Q3 2026, reported Aug 6, 2026: actual 0.25, estimate 0.374, surprise -33.08%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.152, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.93B1.82B1.71B1.59BQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 1.67B USD, estimate 1.67B USD, surprise -0.36%, Miss. Q2 2025, reported May 8, 2025: actual 1.67B USD, estimate 1.7B USD, surprise -1.41%, Miss. Q3 2025, reported Aug 7, 2025: actual 1.77B USD, estimate 1.73B USD, surprise +2.01%, Beat. Q4 2025, reported Nov 6, 2025: actual 1.72B USD, estimate 1.72B USD, surprise -0.31%, Miss. Q1 2026, reported Feb 26, 2026: actual 1.81B USD, estimate 1.76B USD, surprise +2.63%, Beat. Q2 2026, reported Apr 23, 2026: actual 1.78B USD, estimate 1.75B USD, surprise +1.71%, Beat. Q3 2026, reported Aug 6, 2026: actual 1.86B USD, estimate 1.86B USD, surprise -0.16%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 1.84B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$24.60

31.94% upside
Past 12 months12-month forecastHigh $28.00Average $24.60Low $17.00

Recent analyst actions

12 institutions

PENN news

zacks.com

PENN Expands Its Casino Footprint: Can New Projects Drive Growth?

PENN's new casino projects are boosting revenues, while further developments could extend growth through 2030.

Read source
businesswire.com

PENN Entertainment Announces Plans to Relocate Boomtown Casino New Orleans Riverboat and Construct New $195 Million Landside Hollywood Casino New Orleans

WYOMISSING, Pa. & JEFFERSON PARISH, La.--(BUSINESS WIRE)--PENN Entertainment, Inc. (Nasdaq: PENN) (“PENN” or the “Company”) today announced plans to invest approximately $195 million to relocate its Boomtown Casino &…

Read source
seekingalpha.com

Vornado Realty: PENN District Drives Remarkable Quarter For Leasing Volume

VNO's New York office occupancy hit 92.2% in the second quarter, up 550 basis points year-over-year, with guidance to exceed 93% by the end of fiscal year 2026. Leasing spreads remain positive, with a positive GAAP…

Read source
defenseworld.net

Assenagon Asset Management S.A. Grows Stock Position in PENN Entertainment, Inc. $PENN

Assenagon Asset Management S.A. raised its position in PENN Entertainment, Inc. (NASDAQ: PENN) by 47.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange…

Read source
defenseworld.net

PENN Entertainment, Inc. $PENN Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in PENN Entertainment, Inc. (NASDAQ: PENN) by 28.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange…

Read source
defenseworld.net

Dimensional Fund Advisors LP Trims Stock Position in PENN Entertainment, Inc. $PENN

Dimensional Fund Advisors LP reduced its position in shares of PENN Entertainment, Inc. (NASDAQ: PENN) by 6.8% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission…

Read source

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ETFs holding PENN

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core S&P Small-Cap ETF logoiShares Core S&P Small-Cap ETFIJR
Market value
144.15M
Weight
0.13%
AUM
111.19B USD
Expense ratio
0.06%
Price / 1D
$147.31+0.64%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
87.65M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
63.17M
Weight
0.03%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
60.43M
Weight
0.07%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
40.12M
Weight
0.06%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
29.99M
Weight
0.03%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
22.16M
Weight
0.15%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
22.03M
Weight
0.13%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%

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