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Red Rock Resorts Inc Financials

RRR
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Red Rock Resorts Inc (RRR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 50 / 100
Financial Profile 50/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
88

Red Rock Resorts Inc has an operating margin of 29.7%, meaning the company retains $30 of operating profit per $100 of revenue. This strong profitability earns a score of 88/100, reflecting efficient cost management and pricing power. This is up from 29.3% the prior year.

Growth
40

Red Rock Resorts Inc's revenue grew a modest 3.7% year-over-year to $2.0B. This slow but positive growth earns a score of 40/100.

Leverage
0

Red Rock Resorts Inc has elevated debt relative to equity (D/E of 16.22), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity
10

Red Rock Resorts Inc's current ratio of 0.79 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 10/100, which could limit financial flexibility.

Cash Flow
61

Red Rock Resorts Inc has a free cash flow margin of 14.4%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
100

Red Rock Resorts Inc earns a strong 90.3% return on equity (ROE), meaning it generates $90 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 71.6% the prior year.

Altman Z-Score Distress
1.53

Red Rock Resorts Inc scores 1.53, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral
6/9

Red Rock Resorts Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
3.24x

For every $1 of reported earnings, Red Rock Resorts Inc generates $3.24 in operating cash flow ($609.5M OCF vs $188.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
3.0x

Red Rock Resorts Inc earns $3.0 in operating income for every $1 of interest expense ($597.4M vs $201.9M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2.0B
YoY+3.7%
5Y CAGR+11.2%
10Y CAGR+4.1%

Red Rock Resorts Inc generated $2.0B in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.

EBITDA
$794.8M
YoY+5.2%
5Y CAGR+20.0%
10Y CAGR+6.5%

Red Rock Resorts Inc's EBITDA was $794.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.2% from the prior year.

Net Income
$188.1M
YoY+22.1%
10Y CAGR+3.2%

Red Rock Resorts Inc reported $188.1M in net income in fiscal year 2025. This represents an increase of 22.1% from the prior year.

EPS (Diluted)
$3.12
YoY+23.3%
10Y CAGR+7.4%

Red Rock Resorts Inc earned $3.12 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$290.5M
YoY+9.9%
5Y CAGR+13.5%
10Y CAGR+2.8%

Red Rock Resorts Inc generated $290.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 9.9% from the prior year.

Cash & Debt
$142.5M
YoY-13.3%
5Y CAGR+3.3%
10Y CAGR+2.0%

Red Rock Resorts Inc held $142.5M in cash against $3.4B in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
29.7%
YoY+0.4pp
5Y CAGR+22.2pp
10Y CAGR+8.5pp

Red Rock Resorts Inc's operating margin was 29.7% in fiscal year 2025, reflecting core business profitability. This is up 0.4 percentage points from the prior year.

Net Margin
9.3%
YoY+1.4pp
5Y CAGR+22.1pp
10Y CAGR-0.8pp

Red Rock Resorts Inc's net profit margin was 9.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.

Return on Equity
90.3%
YoY+18.6pp
5Y CAGR+132.9pp
10Y CAGR+65.4pp

Red Rock Resorts Inc's ROE was 90.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 18.6 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$79.0M
YoY+1915.1%

Red Rock Resorts Inc spent $79.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1915.1% from the prior year.

Capital Expenditures
$319.0M
YoY+12.4%
5Y CAGR+40.4%
10Y CAGR+9.4%

Red Rock Resorts Inc invested $319.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 12.4% from the prior year.

RRR Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $511.8M+7.6% $475.6M-9.6% $526.3M+5.7% $497.9M+0.4% $495.7M+5.9% $468.0M-3.8% $486.4M-0.5% $488.9M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $111.7M-1.0% $112.9M+0.7% $112.0M+7.0% $104.7M-2.2% $107.1M-1.8% $109.0M-2.0% $111.3M+6.2% $104.8M
Operating Income $143.6M+9.2% $131.5M-21.7% $168.0M+8.9% $154.4M+8.5% $142.3M+8.9% $130.6M-6.8% $140.2M-9.8% $155.5M
Interest Expense $49.6M-1.7% $50.5M-0.3% $50.6M-0.9% $51.1M-9.0% $56.2M-3.2% $58.0M+1.0% $57.4M+0.4% $57.2M
Income Tax $11.3M+70.7% $6.6M-58.4% $15.9M+24.3% $12.8M+18.7% $10.8M+34.0% $8.1M-31.7% $11.8M+87.9% $6.3M
Net Income $44.7M+5.7% $42.3M-25.1% $56.4M+26.0% $44.7M-3.9% $46.6M+60.9% $29.0M-18.8% $35.7M-16.7% $42.8M
EPS (Diluted) N/A $0.68-28.4% $0.95+26.7% $0.75 N/A $0.48-18.6% $0.59-13.2% $0.68

RRR Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $4.2B+1.7% $4.1B+1.6% $4.0B-1.3% $4.1B+1.0% $4.0B+1.3% $4.0B-0.5% $4.0B+0.8% $4.0B
Current Assets $286.8M+7.1% $267.7M-6.7% $286.9M-1.7% $291.9M-1.2% $295.4M+10.6% $267.0M-6.6% $285.9M+3.8% $275.3M
Cash & Equivalents $142.5M+9.8% $129.8M-10.6% $145.2M-3.6% $150.6M-8.4% $164.4M+39.9% $117.5M-13.9% $136.4M+5.2% $129.7M
Inventory $17.9M+9.2% $16.4M+3.2% $15.9M-2.4% $16.3M-0.6% $16.4M-2.7% $16.9M+8.6% $15.5M-2.8% $16.0M
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $195.7M0.0% $195.7M0.0% $195.7M0.0% $195.7M0.0% $195.7M0.0% $195.7M0.0% $195.7M0.0% $195.7M
Total Liabilities $3.8B+1.8% $3.8B+0.8% $3.7B+0.5% $3.7B-0.6% $3.7B-0.4% $3.8B-0.9% $3.8B-0.2% $3.8B
Current Liabilities $363.2M+1.2% $358.9M+11.3% $322.4M+2.1% $315.6M-2.9% $325.2M+24.5% $261.2M-14.5% $305.3M-0.5% $306.9M
Long-Term Debt $3.4B+2.0% $3.3B-1.1% $3.3B+0.2% $3.3B-0.4% $3.4B-2.0% $3.4B+0.1% $3.4B-0.3% $3.4B
Total Equity $208.3M-5.1% $219.6M+8.0% $203.4M-17.7% $247.1M+14.9% $215.1M+22.5% $175.5M+10.4% $159.0M+17.5% $135.2M
Retained Earnings $207.7M-4.7% $218.0M+7.5% $202.8M-10.1% $225.6M+15.2% $195.8M+19.3% $164.2M+9.4% $150.1M+16.1% $129.3M

RRR Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $156.6M-7.0% $168.3M+6.2% $158.4M+25.5% $126.2M-14.8% $148.2M+13.1% $131.0M-8.1% $142.5M+12.7% $126.5M
Capital Expenditures $78.9M-15.8% $93.7M+19.9% $78.2M+14.6% $68.2M+154.0% $26.9M-66.6% $80.3M+2.2% $78.6M-19.9% $98.1M
Free Cash Flow $77.7M+4.1% $74.6M-7.1% $80.3M+38.4% $58.0M-52.2% $121.4M+139.4% $50.7M-20.7% $64.0M+125.4% $28.4M
Investing Cash Flow -$79.5M+15.3% -$93.8M-567.6% $20.1M+121.7% -$92.5M-158.5% -$35.8M+64.5% -$100.9M-18.6% -$85.1M+14.9% -$100.0M
Financing Cash Flow -$64.4M+28.4% -$89.9M+51.1% -$183.9M-287.7% -$47.4M+27.6% -$65.5M-33.6% -$49.1M+3.3% -$50.7M-47.7% -$34.3M
Dividends Paid $15.4M+3.1% $14.9M-80.0% $74.5M+367.4% $15.9M+7.8% $14.8M+0.3% $14.8M-0.1% $14.8M-80.1% $74.1M
Share Buybacks $48.2M $0 N/A N/A $0 $0 N/A N/A

RRR Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 28.1%+0.4pp 27.7%-4.3pp 31.9%+0.9pp 31.0%+2.3pp 28.7%+0.8pp 27.9%-0.9pp 28.8%-3.0pp 31.8%
Net Margin 8.7%-0.2pp 8.9%-1.8pp 10.7%+1.7pp 9.0%-0.4pp 9.4%+3.2pp 6.2%-1.1pp 7.3%-1.4pp 8.8%
Return on Equity 21.4%+2.2pp 19.2%-8.5pp 27.7%+9.6pp 18.1%-3.5pp 21.7%+5.2pp 16.5%-5.9pp 22.4%-9.2pp 31.7%
Return on Assets 1.1%+0.0pp 1.0%-0.4pp 1.4%+0.3pp 1.1%-0.1pp 1.1%+0.4pp 0.7%-0.2pp 0.9%-0.2pp 1.1%
Current Ratio 0.79+0.0 0.75-0.1 0.89-0.0 0.92+0.0 0.91-0.1 1.02+0.1 0.94+0.0 0.90
Debt-to-Equity 16.22+1.1 15.08-1.4 16.47+2.9 13.53-2.1 15.60-3.9 19.50-2.0 21.51-3.8 25.36
FCF Margin 15.2%-0.5pp 15.7%+0.4pp 15.3%+3.6pp 11.7%-12.8pp 24.5%+13.7pp 10.8%-2.3pp 13.2%+7.4pp 5.8%

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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Frequently Asked Questions

Red Rock Resorts Inc (RRR) reported $2.0B in total revenue for fiscal year 2025. This represents a 3.7% 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.

Red Rock Resorts Inc (RRR) revenue grew by 3.7% year-over-year, from $1.9B to $2.0B in fiscal year 2025.

Yes, Red Rock Resorts Inc (RRR) reported a net income of $188.1M in fiscal year 2025, with a net profit margin of 9.3%.

Red Rock Resorts Inc (RRR) reported diluted earnings per share of $3.12 for fiscal year 2025. This represents a 23.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Red Rock Resorts Inc (RRR) had EBITDA of $794.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Red Rock Resorts Inc (RRR) had $142.5M in cash and equivalents against $3.4B in long-term debt.

Red Rock Resorts Inc (RRR) had an operating margin of 29.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Red Rock Resorts Inc (RRR) had a net profit margin of 9.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Red Rock Resorts Inc (RRR) has a return on equity of 90.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Red Rock Resorts Inc (RRR) generated $290.5M in free cash flow during fiscal year 2025. This represents a 9.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Red Rock Resorts Inc (RRR) generated $609.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Red Rock Resorts Inc (RRR) had $4.2B in total assets as of fiscal year 2025, including both current and long-term assets.

Red Rock Resorts Inc (RRR) invested $319.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Red Rock Resorts Inc (RRR) spent $79.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Red Rock Resorts Inc (RRR) had a current ratio of 0.79 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Red Rock Resorts Inc (RRR) had a debt-to-equity ratio of 16.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Red Rock Resorts Inc (RRR) had a return on assets of 4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Red Rock Resorts Inc (RRR) has an Altman Z-Score of 1.53, 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.

Red Rock Resorts Inc (RRR) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Red Rock Resorts Inc (RRR) has an earnings quality ratio of 3.24x, considered cash-backed (high quality). 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.

Red Rock Resorts Inc (RRR) has an interest coverage ratio of 3.0x, meaning it can adequately cover its interest obligations. 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.

Red Rock Resorts Inc (RRR) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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