Penn Ent Financials
Penn Ent (PENN) reported $7.0B in revenue for fiscal year 2025, up 5.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
PENN’s top line kept expanding, but fixed charges and balance-sheet shrinkage turned that growth into deeper losses.
From FY2023 to FY2025, revenue climbed from$6.36B to$6.96B even as operating cash flow stayed positive, which means cash still enters the business despite reported losses. The more telling shift is that debt-to-equity nearly doubled to 1.6x while long-term debt barely moved, showing the leverage problem came mainly from equity erosion rather than a fresh borrowing surge.
FY2025 looks less like a revenue problem than a cost-absorption problem: sales reached a reported high at
The balance sheet has become tighter in two different ways: short-term liquidity slipped below comfort with a current ratio of 0.8x. Asset values also appear to be resetting lower, with goodwill down from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Penn Ent's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Penn Ent has an operating margin of -9.7%, meaning the company loses $10 on every $100 of revenue. This results in a profitability score of 28/100. This is down from 1.1% the prior year.
Penn Ent's revenue grew 5.8% year-over-year to $7.0B, a solid pace of expansion. This earns a growth score of 49/100.
Penn Ent has a moderate D/E ratio of 1.55. This balance of debt and equity financing earns a leverage score of 35/100.
Penn Ent's current ratio of 0.79 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for Penn Ent, and counted as zero in the overall score.
Penn Ent posts a -46.0% return on equity (ROE), meaning it loses $46 for every $100 of shareholders' equity. This results in a returns score of 21/100. This is down from -10.9% the prior year.
Penn Ent scores 0.28, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Penn Ent passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Penn Ent reported a net loss of $843.1M while generating $508.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Penn Ent reported an operating loss of $673.6M against $447.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Penn Ent generated $7.0B in revenue in fiscal year 2025. This represents an increase of 5.8% from the prior year.
Penn Ent's EBITDA was -$226.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 144.8% from the prior year.
Penn Ent reported -$843.1M in net income in fiscal year 2025. This represents a decrease of 170.7% from the prior year.
Penn Ent earned -$5.83 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 184.4% from the prior year.
Cash & Balance Sheet
Penn Ent held $686.6M in cash against $2.8B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Penn Ent's operating margin was -9.7% in fiscal year 2025, reflecting core business profitability. This is down 10.8 percentage points from the prior year.
Penn Ent's net profit margin was -12.1% in fiscal year 2025, showing the share of revenue converted to profit. This is down 7.4 percentage points from the prior year.
Penn Ent's ROE was -46.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 35.1 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Penn Ent spent $354.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
PENN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.2B | $7.0B+5.8% | $6.6B+3.4% | $6.4B-0.6% | $6.4B+8.4% | $5.9B+65.0% | $3.6B-32.5% | $5.3B+47.8% | $3.6B+14.0% | $3.1B+3.7% | $3.0B+6.9% | $2.8B+9.6% | $2.6B-6.7% | $2.8B+3.3% | $2.7B-1.9% | $2.7B |
| SG&A Expenses | $1.7B | $1.6B+4.2% | $1.6B+0.3% | $1.6B+40.8% | $1.1B-17.9% | $1.4B+19.6% | $1.1B-4.8% | $1.2B+91.9% | $618.9M+20.3% | $514.5M+11.3% | $462.3M+2.9% | $449.4M+0.7% | $446.4M-13.5% | $516.1M+2.2% | $504.9M+19.2% | $423.7M |
| Operating Income | -$565.1M | -$673.6M-1029.1% | $72.5M+110.5% | -$690.2M-170.9% | $974.0M-8.1% | $1.1B+358.3% | -$410.2M-171.7% | $571.9M-9.8% | $634.1M+42.3% | $445.7M-17.9% | $543.0M+16.1% | $467.8M+81.9% | $257.2M+160.7% | -$423.9M-206.6% | $397.5M-20.4% | $499.6M |
| Interest Expense | $435.8M | $447.6M-8.1% | $487.1M+3.7% | $469.6M-38.2% | $760.1M+34.1% | $566.9M+3.8% | $546.3M+1.9% | $535.9M-0.6% | $539.4M+15.5% | $467.0M+1.7% | $459.2M+3.6% | $443.1M+4.2% | $425.1M+165.9% | $159.9M+94.7% | $82.1M-17.5% | $99.6M |
| Income Tax | -$13.7M | $24.6M+187.9% | -$28.0M-241.5% | -$8.2M+82.3% | -$46.4M-139.1% | $118.6M+171.8% | -$165.1M-484.0% | $43.0M+1294.4% | -$3.6M+99.3% | -$498.5M-4508.8% | $11.3M-79.8% | $55.9M+83.2% | $30.5M+190.9% | -$33.6M-124.4% | $137.4M-6.4% | $146.9M |
| Net Income | -$906.7M | -$843.1M-170.7% | -$311.5M+36.4% | -$490.0M-320.6% | $222.1M-47.2% | $420.8M+162.9% | -$669.5M-1625.1% | $43.9M-53.0% | $93.5M-80.2% | $473.4M+333.1% | $109.3M+15834.4% | $686K+100.4% | -$183.8M+68.4% | -$581.3M-376.1% | $210.5M-13.1% | $242.4M |
| EPS (Diluted) | — | -$5.83-184.4% | -$2.05+36.3% | -$3.22-349.6% | $1.29-48.0% | $2.48+149.6% | -$5.00-1451.4% | $0.37-60.2% | $0.93-81.7% | $5.07+326.1% | $1.19+11800.0% | $0.01+100.4% | -$2.34+68.5% | -$7.44-466.5% | $2.03-10.2% | $2.26 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PENN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.3B-6.5% | $15.3B-5.0% | $16.1B-8.2% | $17.5B+3.7% | $16.9B+15.0% | $14.7B+3.3% | $14.2B+29.5% | $11.0B+109.4% | $5.2B+5.2% | $5.0B-3.2% | $5.1B+11.1% | $4.6B+3.5% | $4.5B-20.8% | $5.6B+22.5% | $4.6B |
| Current Assets | $1.2B+1.0% | $1.2B-30.4% | $1.7B-17.6% | $2.0B-9.5% | $2.2B+6.6% | $2.1B+224.4% | $642.8M-5.1% | $677.6M+69.0% | $401.0M+0.4% | $399.3M+7.2% | $372.5M+12.1% | $332.3M-29.2% | $469.6M-3.6% | $487.1M+17.2% | $415.8M |
| Cash & Equivalents | $686.6M-2.8% | $706.6M-34.1% | $1.1B-34.0% | $1.6B-12.9% | $1.9B+0.5% | $1.9B+323.8% | $437.4M-8.8% | $479.6M+72.6% | $277.9M+21.1% | $229.5M-3.2% | $237.0M+13.6% | $208.7M-28.8% | $293.0M+12.5% | $260.5M+9.2% | $238.4M |
| Inventory | N/A | N/A | N/A | $11.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $254.2M-1.0% | $256.8M-19.5% | $319.0M+29.1% | $247.0M+26.7% | $195.0M+102.3% | $96.4M+8.7% | $88.7M-16.9% | $106.8M+70.1% | $62.8M+1.5% | $61.9M+36.9% | $45.2M+8.6% | $41.6M-20.8% | $52.5M-2.2% | $53.7M-3.1% | $55.5M |
| Goodwill | $1.8B-30.3% | $2.6B-4.9% | $2.7B+0.2% | $2.7B-4.7% | $2.8B+143.9% | $1.2B-8.9% | $1.3B+3.4% | $1.2B+21.9% | $1.0B+1.9% | $989.7M+8.5% | $911.9M+4.3% | $874.2M-8.2% | $952.0M-31.1% | $1.4B+17.0% | $1.2B |
| Total Liabilities | $12.4B+0.3% | $12.4B-3.6% | $12.9B-7.5% | $13.9B+8.8% | $12.8B+6.4% | $12.0B-2.7% | $12.3B+20.7% | $10.2B+92.7% | $5.3B-3.8% | $5.5B-5.1% | $5.8B+9.1% | $5.3B+6.3% | $5.0B+47.5% | $3.4B+28.8% | $2.6B |
| Current Liabilities | $1.5B+4.3% | $1.4B-5.0% | $1.5B+28.6% | $1.2B+2.3% | $1.1B+31.8% | $860.0M-5.0% | $905.6M+22.6% | $738.4M+39.3% | $530.0M-1.2% | $536.3M-3.8% | $557.8M+15.1% | $484.6M+18.6% | $408.4M-18.2% | $499.6M+17.2% | $426.3M |
| Long-Term Debt | $2.8B+4.3% | $2.7B+0.5% | $2.7B-0.1% | $2.7B+3.2% | $2.6B+18.2% | $2.2B-3.9% | $2.3B-1.2% | $2.4B+93.5% | $1.2B-8.7% | $1.3B-17.8% | $1.6B+33.7% | $1.2B+19.0% | $1.0B-61.6% | $2.6B+32.5% | $2.0B |
| Total Equity | $1.8B-35.9% | $2.9B-10.6% | $3.2B-11.0% | $3.6B-12.2% | $4.1B+54.3% | $2.7B+43.4% | $1.9B+153.4% | $731.2M+1099.6% | -$73.1M+86.5% | -$543.3M+19.9% | -$678.0M+4.2% | -$708.0M-28.5% | -$550.9M-124.6% | $2.2B+14.1% | $2.0B |
| Retained Earnings | -$1.5B-130.3% | -$647.0M-92.8% | -$335.5M-317.2% | $154.5M+278.6% | -$86.5M+82.9% | -$507.3M-413.9% | $161.6M+116.7% | -$968.0M+8.0% | -$1.1B+31.0% | -$1.5B+6.7% | -$1.6B0.0% | -$1.6B-12.9% | -$1.4B-282.2% | $795.2M+36.3% | $583.2M |
PENN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $651.2M | $508.2M+41.4% | $359.3M-21.2% | $455.9M-48.1% | $878.2M-2.0% | $896.1M+164.5% | $338.8M-51.9% | $703.9M+99.5% | $352.8M-26.2% | $477.8M+17.1% | $408.0M-1.4% | $413.8M+57.8% | $262.2M-42.2% | $453.8M-10.5% | $507.2M-10.6% | $567.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $263.4M+7.9% | $244.1M+78.2% | $137.0M-28.1% | $190.6M+105.8% | $92.6M-6.7% | $99.3M+2.1% | $97.2M-28.8% | $136.5M-5.6% | $144.7M+21.6% | $119.1M-69.2% | $386.3M+78.8% | $216.0M |
| Free Cash Flow | N/A | N/A | N/A | N/A | $614.8M-5.7% | $652.0M+223.1% | $201.8M-60.7% | $513.3M+97.3% | $260.2M-31.3% | $378.5M+21.8% | $310.7M+12.1% | $277.3M+135.9% | $117.5M-64.9% | $334.7M+177.0% | $120.8M-65.6% | $351.3M |
| Investing Cash Flow | -$51.2M | -$351.1M+35.1% | -$541.2M+27.1% | -$742.6M-187.2% | -$258.6M+78.8% | -$1.2B-422.8% | -$233.7M+61.5% | -$607.5M+57.3% | -$1.4B-542.2% | -$221.6M-179.5% | -$79.3M+89.8% | -$781.0M | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$380.0M | -$165.6M+11.2% | -$186.5M+29.0% | -$262.6M+69.2% | -$853.0M-351.0% | $339.9M-74.1% | $1.3B+1170.3% | -$122.4M-109.6% | $1.3B+714.5% | -$207.0M+39.1% | -$339.9M-185.9% | $395.5M | N/A | N/A | N/A | N/A |
| Share Buybacks | $239.1M | $354.4M | $0-100.0% | $149.8M-75.1% | $601.1M | $0 | $0-100.0% | $24.9M-50.2% | $50.0M+101.6% | $24.8M | $0 | N/A | N/A | N/A | N/A | $105.2M |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PENN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -9.7%-10.8pp | 1.1%+11.9pp | -10.8%-26.1pp | 15.2%-2.7pp | 17.9%+29.4pp | -11.5%-22.2pp | 10.8%-6.9pp | 17.7%+3.5pp | 14.2%-3.7pp | 17.9%+1.4pp | 16.5%+6.6pp | 9.9%+25.2pp | -15.3%-30.0pp | 14.8%-3.4pp | 18.2% |
| Net Margin | -12.1%-7.4pp | -4.7%+3.0pp | -7.7%-11.2pp | 3.5%-3.7pp | 7.1%+25.8pp | -18.7%-19.5pp | 0.8%-1.8pp | 2.6%-12.4pp | 15.0%+11.4pp | 3.6%+3.6pp | 0.0%+7.1pp | -7.1%+13.8pp | -20.9%-28.7pp | 7.8%-1.0pp | 8.8% |
| Return on Equity | -46.0%-35.1pp | -10.9%+4.4pp | -15.3%-21.5pp | 6.2%-4.1pp | 10.3%+35.5pp | -25.2%-27.6pp | 2.4%-10.4pp | 12.8% | N/A | N/A | N/A | N/A | N/A | 9.4%-2.9pp | 12.3% |
| Return on Assets | -5.9%-3.9pp | -2.0%+1.0pp | -3.0%-4.3pp | 1.3%-1.2pp | 2.5%+7.1pp | -4.6%-4.9pp | 0.3%-0.5pp | 0.9%-8.2pp | 9.0%+6.8pp | 2.2%+2.2pp | 0.0%+4.0pp | -4.0%+9.0pp | -13.0%-16.7pp | 3.7%-1.5pp | 5.3% |
| Current Ratio | 0.790.0x | 0.82-0.3x | 1.11-0.6x | 1.74-0.2x | 1.96-0.5x | 2.42+1.7x | 0.71-0.2x | 0.92+0.2x | 0.760.0x | 0.74+0.1x | 0.670.0x | 0.69-0.5x | 1.15+0.2x | 0.970.0x | 0.98 |
| Debt-to-Equity | 1.55+0.6x | 0.95+0.1x | 0.85+0.1x | 0.76+0.1x | 0.64-0.2x | 0.84-0.4x | 1.25-2.0x | 3.21 | N/A | N/A | N/A | N/A | N/A | 1.18+0.2x | 1.02 |
| FCF Margin | N/A | N/A | N/A | 9.6%-1.4pp | 11.0%+5.4pp | 5.6%-4.0pp | 9.7%+2.4pp | 7.2%-4.8pp | 12.0%+1.8pp | 10.2%+0.5pp | 9.8%+5.2pp | 4.5%-7.5pp | 12.0%+7.6pp | 4.5%-8.3pp | 12.8% |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.79), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Penn Ent Ranks
Frequently Asked Questions
What is Penn Ent's annual revenue?
Penn Ent (PENN) reported $7.0B in total revenue for fiscal year 2025. This represents a 5.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Penn Ent's revenue growing?
Penn Ent (PENN) revenue grew by 5.8% year-over-year, from $6.6B to $7.0B in fiscal year 2025.
Is Penn Ent profitable?
No, Penn Ent (PENN) reported a net income of -$843.1M in fiscal year 2025, with a net profit margin of -12.1%.
What is Penn Ent's EBITDA?
Penn Ent (PENN) had EBITDA of -$226.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Penn Ent have?
As of fiscal year 2025, Penn Ent (PENN) had $686.6M in cash and equivalents against $2.8B in long-term debt.
What is Penn Ent's operating margin?
Penn Ent (PENN) had an operating margin of -9.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Penn Ent's net profit margin?
Penn Ent (PENN) had a net profit margin of -12.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Penn Ent's return on equity (ROE)?
Penn Ent (PENN) has a return on equity of -46.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Penn Ent's operating cash flow?
Penn Ent (PENN) generated $508.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Penn Ent's total assets?
Penn Ent (PENN) had $14.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Penn Ent's current ratio?
Penn Ent (PENN) had a current ratio of 0.79 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Penn Ent's debt-to-equity ratio?
Penn Ent (PENN) had a debt-to-equity ratio of 1.55 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Penn Ent's return on assets (ROA)?
Penn Ent (PENN) had a return on assets of -5.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Penn Ent's Altman Z-Score?
Penn Ent (PENN) has an Altman Z-Score of 0.28, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Penn Ent's Piotroski F-Score?
Penn Ent (PENN) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Penn Ent's earnings high quality?
Penn Ent (PENN) reported a net loss of $843.1M while generating $508.2M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Penn Ent cover its interest payments?
Penn Ent (PENN) reported an operating loss of $673.6M against $447.6M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Penn Ent?
Penn Ent (PENN) scores 24 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.