PENN Entertainment, Inc. (PENN) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PENN SEC filings page.
PENN Entertainment, Inc. (PENN) reported $7.2B in revenue over the twelve months to Jun 30, 2026, up 6.1% from the prior twelve months. 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).
Revenue is still growing, but losses, weak operating margins, and rising leverage show a business struggling to convert scale into earnings.
In FY2025, operating cash flow reached$508M despite a net loss of$843M , so reported cash generation and accounting earnings are moving in opposite directions. Depreciation and amortization of$446.9M explains part of that gap, indicating cash flow depends materially on noncash charges and other operating adjustments rather than current-period profitability.
Revenue reached
Debt-to-equity rose to 1.6x from 1.0x in FY2024 as equity contracted. The 0.8x current ratio means current liabilities exceeded current assets, indicating short-term funding tightness alongside greater long-term leverage.
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 Entertainment, Inc.'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 Entertainment, Inc. has an operating margin of -9.7%, meaning the company loses $10 on every $100 of revenue. This results in a profitability score of 25/100. This is down from 1.1% the prior year.
PENN Entertainment, Inc.'s revenue grew 5.8% year-over-year to $7.0B, a solid pace of expansion. This earns a growth score of 48/100.
PENN Entertainment, Inc. has a moderate D/E ratio of 1.55. This balance of debt and equity financing earns a leverage score of 37/100.
PENN Entertainment, Inc.'s current ratio of 0.79 is below the typical benchmark, resulting in a score of 11/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Not available for PENN Entertainment, Inc., and counted as zero in the overall score.
PENN Entertainment, Inc. 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 19/100. This is down from -10.9% the prior year.
PENN Entertainment, Inc. scores 0.26, 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 Entertainment, Inc. 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 Entertainment, Inc. 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 Entertainment, Inc. 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 Entertainment, Inc. generated $1.9B in revenue in Q2 2026. This represents an increase of 5.2% from the same quarter a year earlier. Against the prior quarter it is up 4.4%.
PENN Entertainment, Inc.'s EBITDA was $249.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 32.7% from the same quarter a year earlier. Against the prior quarter it is up 16.5%.
PENN Entertainment, Inc. reported $33.1M in net income in Q2 2026. This represents an increase of 290.2% from the same quarter a year earlier. Against the prior quarter it is up 1539.1%.
PENN Entertainment, Inc. earned $0.24 per diluted share (EPS) in Q2 2026. This represents an increase of 300.0% from the same quarter a year earlier. Against the prior quarter it is up 1300.0%.
Cash & Balance Sheet
PENN Entertainment, Inc. held $887.2M in cash against $2.7B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
PENN Entertainment, Inc.'s operating margin was 7.1% in Q2 2026, reflecting core business profitability. This is up 2.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.
PENN Entertainment, Inc.'s net profit margin was 1.8% in Q2 2026, showing the share of revenue converted to profit. This is up 2.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.
PENN Entertainment, Inc.'s ROE was 1.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.
Not reported for Q2 2026.
Capital Allocation
PENN Entertainment, Inc. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.
Not reported for Q2 2026.
Not reported for Q2 2026.
PENN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B+5.2% | $1.8B+6.4% | $1.8B+8.2% | $1.7B+4.8% | $1.8B+6.1% | $1.7B+4.1% | $1.7B+19.6% | $1.6B+1.2% |
| SG&A Expenses | $441.0M+7.5% | $427.7M+6.1% | $402.6M+1.1% | $417.9M+6.5% | $410.3M+5.6% | $403.0M+3.6% | $398.3M+3.8% | $392.5M-3.4% |
| Operating Income | $131.7M+69.9% | $97.1M+126.9% | -$17.5M+63.6% | -$776.4M-1250.2% | $77.5M+4.0% | $42.8M+300.0% | -$48.1M+84.4% | $67.5M+108.6% |
| EBITDA | $249.5M+32.7% | $214.1M+42.0% | $96.7M+63.9% | -$662.2M-475.8% | $188.0M+2.4% | $150.8M+72.7% | $59.0M+129.9% | $176.2M+125.9% |
| Interest Expense | $108.1M+0.5% | $108.0M-10.2% | $109.3M-9.7% | $110.4M-10.4% | $107.6M-12.0% | $120.3M-0.2% | $121.0M+1.3% | $123.2M+3.4% |
| Income Tax | $7.1M+10.9% | $8.7M-81.8% | -$34.8M-132.0% | $5.3M+89.3% | $6.4M+300.0% | $47.7M+478.6% | -$15.0M+69.5% | $2.8M+101.7% |
| Net Income | $33.1M+290.2% | -$2.3M-102.1% | -$72.9M+45.3% | -$864.6M-2255.9% | -$17.4M+35.1% | $111.8M+197.5% | -$133.3M+62.8% | -$36.7M+94.9% |
| EPS (Basic) | $0.25+308.3% | -$0.02-102.7% | -$0.63+28.4% | -$6.03-2412.5% | -$0.12+33.3% | $0.73+196.1% | -$0.88+62.6% | -$0.24+95.0% |
| EPS (Diluted) | $0.24+300.0% | -$0.02-102.9% | -$0.63+28.4% | -$6.03-2412.5% | -$0.12+33.3% | $0.68+189.5% | -$0.88+62.6% | -$0.24+95.0% |
| Diluted Shares (Avg) | 137M-8.0% | 133M-20.1% | N/A | 144M-5.7% | 149M-2.0% | 167M+9.9% | N/A | 152M+0.9% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
PENN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $14.1B-7.5% | $14.1B-6.4% | $14.3B-6.5% | $14.3B-7.8% | $15.2B-2.1% | $15.1B-3.4% | $15.3B-5.0% | $15.5B-4.0% |
| Current Assets | $1.3B+20.8% | $1.2B+14.1% | $1.2B+1.0% | $1.1B-15.1% | $1.1B-17.8% | $1.0B-27.0% | $1.2B-30.4% | $1.3B-28.1% |
| Cash & Equivalents | $887.2M+32.1% | $708.0M+19.7% | $686.6M-2.8% | $660.1M-20.9% | $671.6M-23.5% | $591.6M-34.5% | $706.6M-34.1% | $834.0M-36.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $245.9M-2.5% | $241.0M-4.9% | $254.2M-1.0% | $231.0M-3.6% | $252.1M+0.1% | $253.3M-10.3% | $256.8M-19.5% | $239.7M-5.2% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.8B-33.2% | $1.8B-30.6% | $1.8B-30.3% | $1.8B-33.0% | $2.6B-0.2% | $2.6B-3.8% | $2.6B-4.9% | $2.7B-0.9% |
| Total Liabilities | $12.2B-0.1% | $12.3B+1.5% | $12.4B+0.3% | $12.4B-0.8% | $12.2B-2.1% | $12.1B-3.4% | $12.4B-3.6% | $12.5B-1.8% |
| Current Liabilities | $1.5B+7.4% | $1.4B+3.1% | $1.5B+4.3% | $1.4B+6.0% | $1.4B+7.2% | $1.4B+2.7% | $1.4B-5.0% | $1.4B+8.7% |
| Non-Current Liabilities | $10.7B-1.0% | $10.9B+1.2% | $11.0B-0.2% | $10.9B-1.6% | $10.8B-3.2% | $10.7B-4.1% | $11.0B-3.4% | $11.1B-3.0% |
| Long-Term Debt | $2.7B-0.7% | $2.9B+11.7% | $2.8B+4.3% | $2.8B+2.5% | $2.8B+1.4% | $2.6B-5.0% | $2.7B+0.5% | $2.7B+0.4% |
| Total Equity | $1.9B-37.7% | $1.8B-38.5% | $1.8B-35.9% | $2.0B-36.1% | $3.0B-2.2% | $3.0B-3.3% | $2.9B-10.6% | $3.1B-12.0% |
| Retained Earnings | -$1.5B-164.1% | -$1.5B-178.8% | -$1.5B-130.3% | -$1.4B-175.9% | -$552.6M-15.8% | -$535.2M-18.9% | -$647.0M-92.8% | -$513.7M-2373.0% |
Not reported in any period shown, so not listed: Inventory.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $240.7M+35.1% | $122.4M+192.1% | $107.2M+4.2% | $180.9M+3.5% | $178.2M+18.5% | $41.9M+161.0% | $102.9M+221.3% | $174.7M-19.5% |
| Depreciation & Amortization | $117.8M+6.6% | $117.0M+8.3% | $114.2M+6.6% | $114.2M+5.1% | $110.5M+1.3% | $108.0M-0.6% | $107.1M-3.7% | $108.7M+2.7% |
| Stock-Based Compensation | $17.4M+8.1% | $14.1M-9.6% | N/A | $16.8M+30.2% | $16.1M+13.4% | $15.6M+31.1% | N/A | $12.9M-63.4% |
| Investing Cash Flow | $112.1M+182.1% | -$84.7M+37.7% | -$47.8M+79.1% | -$30.8M+81.5% | -$136.6M-38.3% | -$135.9M-187.3% | -$228.5M-45.9% | -$166.6M-35.3% |
| Financing Cash Flow | -$179.1M-502.5% | -$7.0M+56.8% | -$36.6M-218.3% | -$157.3M-239.0% | $44.5M+156.7% | -$16.2M+67.7% | -$11.5M-144.7% | -$46.4M-5.9% |
| Share Buybacks | $0-100.0% | $0-100.0% | $85.0M | $154.1M | $90.3M | $25.0M | $0 | $0 |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
PENN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 7.1%+2.7pp | 5.5%+2.9pp | -1.0%+1.9pp | -45.2%-49.3pp | 4.4%-0.1pp | 2.6%+3.9pp | -2.9%+19.2pp | 4.1%+52.7pp |
| Net Margin | 1.8%+2.8pp | -0.1%-6.8pp | -4.0%+4.0pp | -50.3%-48.1pp | -1.0%+0.6pp | 6.7%+13.8pp | -8.0%+17.7pp | -2.2%+42.5pp |
| Return on Equity | 1.8%+2.4pp | -0.1%-3.9pp | -4.0%+0.7pp | -44.1%-42.9pp | -0.6%+0.3pp | 3.8%+7.5pp | -4.7%+6.5pp | -1.2%+19.6pp |
| Return on Assets | 0.2%+0.3pp | 0.0%-0.8pp | -0.5%+0.4pp | -6.0%-5.8pp | -0.1%+0.1pp | 0.7%+1.5pp | -0.9%+1.4pp | -0.2%+4.2pp |
| Current Ratio | 0.89+0.1x | 0.82+0.1x | 0.790.0x | 0.75-0.2x | 0.79-0.2x | 0.74-0.3x | 0.82-0.3x | 0.94-0.5x |
| Debt-to-Equity | 1.47+0.5x | 1.58+0.7x | 1.55+0.6x | 1.43+0.5x | 0.920.0x | 0.870.0x | 0.95+0.1x | 0.89+0.1x |
| Asset Turnover | 0.130.0x | 0.130.0x | 0.130.0x | 0.120.0x | 0.120.0x | 0.110.0x | 0.110.0x | 0.110.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF 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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| PENN Entertainment, Inc. PENN | FY2025 | $7.0B | -$843.1M | -12.1% | $2.1B | 23/100 |
| MARRIOTT VACATIONS WORLDWIDE CORPORATION VAC | FY2025 | $5.0B | -$308.0M | -6.1% | $3.6B | 15/100 |
| Melco Resorts & Entertainment Limited MLCO | FY2025 | $5.2B | $185.0M | 3.6% | $1.6B | 34/100 |
| Hilton Grand Vacations Inc. HGV | FY2025 | $5.0B | $81.0M | 1.6% | $2.7B | 23/100 |
| Caesars Entertainment, Inc. CZR | FY2025 | $11.5B | -$437.0M | -3.8% | $6.0B | 40/100 |
| Vail Resorts, Inc. MTN | FY2026 | $2.8B | $147.5M | 5.2% | $5.2B | 47/100 |
Where PENN Entertainment, Inc. Ranks
Frequently Asked Questions
What is PENN Entertainment, Inc.'s annual revenue?
PENN Entertainment, Inc. (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 Entertainment, Inc.'s revenue growing?
PENN Entertainment, Inc. (PENN) revenue grew by 5.8% year-over-year, from $6.6B to $7.0B in fiscal year 2025.
Is PENN Entertainment, Inc. profitable?
No, PENN Entertainment, Inc. (PENN) reported a net income of -$843.1M in fiscal year 2025, with a net profit margin of -12.1%.
What is PENN Entertainment, Inc.'s EBITDA?
PENN Entertainment, Inc. (PENN) had EBITDA of -$226.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does PENN Entertainment, Inc. have?
As of fiscal year 2025, PENN Entertainment, Inc. (PENN) had $686.6M in cash and equivalents against $2.8B in long-term debt.
What is PENN Entertainment, Inc.'s operating margin?
PENN Entertainment, Inc. (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 Entertainment, Inc.'s net profit margin?
PENN Entertainment, Inc. (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 Entertainment, Inc.'s return on equity (ROE)?
PENN Entertainment, Inc. (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 Entertainment, Inc.'s operating cash flow?
PENN Entertainment, Inc. (PENN) generated $508.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are PENN Entertainment, Inc.'s total assets?
PENN Entertainment, Inc. (PENN) had $14.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What is PENN Entertainment, Inc.'s current ratio?
PENN Entertainment, Inc. (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 Entertainment, Inc.'s debt-to-equity ratio?
PENN Entertainment, Inc. (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 Entertainment, Inc.'s return on assets (ROA)?
PENN Entertainment, Inc. (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 Entertainment, Inc.'s P/E ratio?
PENN Entertainment, Inc. (PENN) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $2.1B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PENN Entertainment, Inc.'s price-to-sales ratio?
PENN Entertainment, Inc. (PENN) trades at 0.3x sales, its market capitalization divided by revenue of $7.2B revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.1B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is PENN Entertainment, Inc.'s Altman Z-Score?
PENN Entertainment, Inc. (PENN) has an Altman Z-Score of 0.26, 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 Entertainment, Inc.'s Piotroski F-Score?
PENN Entertainment, Inc. (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 Entertainment, Inc.'s earnings high quality?
PENN Entertainment, Inc. (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 Entertainment, Inc. cover its interest payments?
PENN Entertainment, Inc. (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 Entertainment, Inc.?
PENN Entertainment, Inc. (PENN) scores 23 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.