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Red Rock Resorts, Inc. logo

Red Rock Resorts, Inc.

RRR

NASDAQConsumer CyclicalGambling, Resorts & Casinos

Open in GoAI

Latest quote

$61.06

$0.00 · 0.00%

Aug 21, 3:55 PM ET

RRR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

91

Deep Value

Momentum

54

Neutral

Sentiment

69

Bullish

Risk resilience

68

Moderate 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

Red Rock Resorts, Inc. is a company that develops and operates casino and entertainment properties throughout the United States. This is primarily achieved through its investments in Station Holdco and Station LLC. The business is categorized into two main divisions: Las Vegas Operations and Native American Management. In the Las Vegas regional market, the company owns and runs a total of 19 gaming facilities, comprising 9 larger entertainment complexes and 10 smaller casinos. Additionally, Red Rock Resorts manages the Graton Resort & Casino, situated in northern California. By December 31, 2021, its Las Vegas properties featured roughly 13,894 slot machines, 240 table games, and 3,081 hotel rooms. The enterprise, originally founded in Las Vegas, Nevada, in 1976, officially became Red Rock Resorts, Inc. in January 2016, after operating for years as Station Casinos Corp.

Industry
Gambling, Resorts & Casinos
Sector
Consumer Cyclical
Headquarters
US
CEO
Frank J. Fertitta
Listed since
Apr 27, 2016
Employees
9,500

Market position

Volume
496.51K
0.6× average
Average volume
824.27K
Average daily volume
Market cap
3.57B USD
Beta
1.34
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.57B USD
P/E (TTM)
15.66×
P/B (TTM)
20.67×
P/S (TTM)
1.78×
EV / EBITDA
4.45×
Earnings yield
5.15%
Free cash flow yield
7.91%
Dividend yield
3.32%

Profitability & efficiency

Gross margin
56.75%
Operating margin
27.67%
Net margin
8.43%
Return on equity
90.27%
Return on assets
4.51%
Return on invested capital
13.79%

Financial health

Debt / equity
21.21×
Current ratio
0.79×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends72%48%25%2%Gross margin, FY2021: 65.85%Gross margin, FY2022: 64.62%Gross margin, FY2023: 63.67%Gross margin, FY2024: 61.62%Gross margin, FY2025: 52.59%Operating margin, FY2021: 24.82%Operating margin, FY2022: 33.74%Operating margin, FY2023: 32.40%Operating margin, FY2024: 29.33%Operating margin, FY2025: 29.70%Net margin, FY2021: 14.95%Net margin, FY2022: 12.35%Net margin, FY2023: 10.21%Net margin, FY2024: 7.94%Net margin, FY2025: 9.35%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 65.85%. Gross margin FY2022 64.62%. Gross margin FY2023 63.67%. Gross margin FY2024 61.62%. Gross margin FY2025 52.59%. Operating margin FY2021 24.82%. Operating margin FY2022 33.74%. Operating margin FY2023 32.40%. Operating margin FY2024 29.33%. Operating margin FY2025 29.70%. Net margin FY2021 14.95%. Net margin FY2022 12.35%. Net margin FY2023 10.21%. Net margin FY2024 7.94%. Net margin FY2025 9.35%.

Income trends

Revenue

2.01B USD+3.74%

Operating income

597.43M USD+5.05%

Net income

188.07M USD+22.08%
Income trends across reported periods2.2B USD1.45B USD711.28M USD−31.69M USDRevenue, FY2021: 1.62B USDRevenue, FY2022: 1.66B USDRevenue, FY2023: 1.72B USDRevenue, FY2024: 1.94B USDRevenue, FY2025: 2.01B USDOperating income, FY2021: 401.54M USDOperating income, FY2022: 561.3M USDOperating income, FY2023: 558.69M USDOperating income, FY2024: 568.69M USDOperating income, FY2025: 597.43M USDNet income, FY2021: 241.85M USDNet income, FY2022: 205.46M USDNet income, FY2023: 176M USDNet income, FY2024: 154.05M USDNet income, FY2025: 188.07M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.62B USD. Revenue FY2022 1.66B USD. Revenue FY2023 1.72B USD. Revenue FY2024 1.94B USD. Revenue FY2025 2.01B USD. Operating income FY2021 401.54M USD. Operating income FY2022 561.3M USD. Operating income FY2023 558.69M USD. Operating income FY2024 568.69M USD. Operating income FY2025 597.43M USD. Net income FY2021 241.85M USD. Net income FY2022 205.46M USD. Net income FY2023 176M USD. Net income FY2024 154.05M USD. Net income FY2025 188.07M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.01B USD1.94B USD1.72B USD1.66B USD1.62B USD
Cost of goods sold953.71M USD744.23M USD626.39M USD588.72M USD552.49M USD
Gross profit1.06B USD1.19B USD1.1B USD1.08B USD1.07B USD
Selling, general, and administrative441.32M USD432.28M USD374.49M USD353.04M USD347.09M USD
Operating expenses460.34M USD626.09M USD539.01M USD513.77M USD663.87M USD
Interest expense201.88M USD228.8M USD181.02M USD129.89M USD103.21M USD
Depreciation and amortization197.41M USD187.11M USD132.54M USD128.37M USD157.79M USD
Operating income597.43M USD568.69M USD558.69M USD561.3M USD401.54M USD
Net income188.07M USD154.05M USD176M USD205.46M USD241.85M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 1 miss, 0 met estimates
Average EPS surprise
+54.20%
11 comparable reports
Latest EPS result
0.67
Estimate 0.51 · Beat by 32.41%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates10.770.540.31Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 0.76, estimate 0.42, surprise +80.95%, Beat. Q2 2025, reported May 1, 2025: actual 0.433, estimate 0.55, surprise -21.31%, Miss. Q3 2025, reported Jul 29, 2025: actual 0.95, estimate 0.4, surprise +137.50%, Beat. Q4 2025, reported Oct 28, 2025: actual 0.68, estimate 0.36, surprise +88.89%, Beat. Q1 2026, reported Feb 10, 2026: actual 0.75, estimate 0.41, surprise +82.93%, Beat. Q2 2026, reported Apr 29, 2026: actual 0.73, estimate 0.54, surprise +35.19%, Beat. Q3 2026, reported Aug 4, 2026: actual 0.67, estimate 0.506, surprise +32.41%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 0.46, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates547.32M516.39M485.46M454.52MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 495.7M USD, estimate 490.4M USD, surprise +1.08%, Beat. Q2 2025, reported May 1, 2025: actual 497.86M USD, estimate 495.95M USD, surprise +0.39%, Beat. Q3 2025, reported Jul 29, 2025: actual 526.27M USD, estimate 488.07M USD, surprise +7.83%, Beat. Q4 2025, reported Oct 28, 2025: actual 475.57M USD, estimate 479.52M USD, surprise -0.82%, Miss. Q1 2026, reported Feb 10, 2026: actual 511.78M USD, estimate 503.54M USD, surprise +1.64%, Beat. Q2 2026, reported Apr 29, 2026: actual 507.32M USD, estimate 505.63M USD, surprise +0.33%, Beat. Q3 2026, reported Aug 4, 2026: actual 510.26M USD, estimate 500.08M USD, surprise +2.04%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 478.34M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$71.22

16.58% upside
Past 12 months12-month forecastHigh $75.00Average $71.22Low $61.00

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$2.01

2025 complete year+402.5% since 2019

2026 partial: $1.52

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 15, 2026

$0.26

Quarterly

Record Sep 15, 2026 · Payment Sep 30, 2026

Dividend

Ex-dividend Jun 15, 2026

$0.26

Quarterly

Record Jun 15, 2026 · Payment Jun 30, 2026

Dividend

Ex-dividend Mar 16, 2026

$0.26

Quarterly

Record Mar 16, 2026 · Payment Mar 31, 2026

Dividend

Ex-dividend Feb 20, 2026

$1.00

Special

Record Feb 20, 2026 · Payment Feb 27, 2026

Dividend

Ex-dividend Dec 15, 2025

$0.26

Quarterly

Record Dec 15, 2025 · Payment Dec 31, 2025

Dividend

Ex-dividend Sep 15, 2025

$0.25

Quarterly

Record Sep 15, 2025 · Payment Sep 30, 2025

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ETFs holding RRR

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
182.43M
Weight
0.16%
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
108.38M
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
77.97M
Weight
0.04%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
75.53M
Weight
0.09%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
35.16M
Weight
0.04%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares S&P Small-Cap 600 Growth ETF logoiShares S&P Small-Cap 600 Growth ETFIJT
Market value
27.71M
Weight
0.33%
AUM
8.22B USD
Expense ratio
0.18%
Price / 1D
$173.9+0.61%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
27.27M
Weight
0.18%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$387.37+1.24%
State Street SPDR Portfolio S&P 600 Small Cap ETF logoState Street SPDR Portfolio S&P 600 Small Cap ETFSPSM
Market value
27.24M
Weight
0.16%
AUM
17.03B USD
Expense ratio
0.03%
Price / 1D
$57.28+0.61%

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