Caesars Entertainment, Inc.
CZR · Hotels & Motels · 203.7M shares · +29%/yr ↑ dilution · EDGAR filings ↗
Reference price $29.46 · est. market cap ~$6.0B — last insider sale, 2026-06-12 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Large, diversified gaming/hospitality operator with scale and positive FCF but heavy leverage and a net loss year.
Strengths
- Positive free cash flow ($497M) and net income growth +80%; broad 52-property + digital footprint
- Operating margin 62nd pct and recognizable Caesars brand/loyalty program
Risks
- Very high leverage (debt/equity 3.33, 75th pct) with interest coverage below 1.0 (0.8)
- Negative net margin (-4.4%), ROA and ROE — a loss year
- Lease-heavy structure (VICI/GLPI) and regulatory/tax intensity
Notable findings
- No interest coverageInterest coverage 0.80 (cannot cover interest)
- High leverageHigh leverage (debt/equity 3.33)
- Net lossNet loss (net margin -4.4%)
- Weak liquidityCurrent ratio 0.80 (<1)
- Chronic dilutionShare count +29%/yr over 4y (dilution, book value/share -71%)
- Insider sellingInsider selling — 9 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$9M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
16.2%
Net margin
-4.4%
Return on equity
-14.3%
Return on assets
-1.6%
ROIC
9.7%
Revenue growth (QoQ)
-1.6%
Debt / equity
3.3×
Net debt / EBITDA
3.3×
Interest coverage
0.8×
Current ratio
0.8×
Free cash flow
$497M
EBITDA
$3.3B
Tangible book value
-$10.9B
Cash & investments
$887M
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-12 | Pegram Michael E | Sell | 17K | $29.46 |
| 2026-06-11 | Pegram Michael E | Sell | 25K | $29.47 |
| 2026-06-10 | Pegram Michael E | Sell | 50K | $29.41 |
| 2026-06-09 | Quatmann Edmund L Jr | Sell | 82K | $29.35 |
| 2026-06-09 | Pegram Michael E | Sell | 36K | $29.31 |
| 2026-06-08 | Pegram Michael E | Sell | 15K | $29.20 |
| 2026-06-08 | Pegram Michael E | Sell | 14K | $29.36 |
| 2026-06-02 | Pegram Michael E | Sell | 50K | $29.20 |
| 2026-06-02 | Pegram Michael E | Sell | 5.0K | $29.19 |
| 2026-02-17 | Carano Gary L. | Tax withheld | 841 | $18.95 |
| 2026-02-17 | Reeg Thomas | Grant | 26K | — |
| 2026-02-17 | Reeg Thomas | Tax withheld | 10K | $18.95 |
| 2026-02-17 | Quatmann Edmund L Jr | Grant | 4.4K | — |
| 2026-02-17 | Quatmann Edmund L Jr | Tax withheld | 1.9K | $18.95 |
| 2026-02-17 | Carano Gary L. | Grant | 2.1K | — |
| 2026-02-17 | Jones Josh | Grant | 2.3K | — |
| 2026-02-17 | Jones Josh | Tax withheld | 925 | $18.95 |
| 2026-02-17 | Yunker Bret | Grant | 9.8K | — |
| 2026-02-17 | Yunker Bret | Tax withheld | 3.9K | $18.95 |
| 2026-02-17 | Lepori Stephanie | Grant | 4.0K | — |
| 2026-02-17 | Lepori Stephanie | Tax withheld | 1.6K | $18.95 |
| 2026-02-17 | Carano Anthony L. | Grant | 12K | — |
| 2026-02-17 | Carano Anthony L. | Tax withheld | 4.5K | $18.95 |
| 2026-01-29 | Jones Josh | Option exercise | 10K | — |
| 2026-01-29 | Jones Josh | Tax withheld | 4.3K | $21.28 |
| 2026-01-29 | Yunker Bret | Option exercise | 44K | — |
| 2026-01-29 | Yunker Bret | Tax withheld | 17K | $21.28 |
| 2026-01-29 | Lepori Stephanie | Option exercise | 21K | — |
| 2026-01-29 | Lepori Stephanie | Tax withheld | 8.4K | $21.28 |
| 2026-01-29 | Carano Anthony L. | Option exercise | 53K | — |
| 2026-01-29 | Carano Anthony L. | Tax withheld | 21K | $21.28 |
| 2026-01-29 | Carano Gary L. | Option exercise | 9.2K | — |
| 2026-01-29 | Carano Gary L. | Tax withheld | 4.0K | $21.28 |
| 2026-01-29 | Reeg Thomas | Option exercise | 67K | — |
| 2026-01-29 | Reeg Thomas | Tax withheld | 26K | $21.28 |
| 2026-01-29 | Reeg Thomas | Option exercise | 49K | — |
| 2026-01-29 | Reeg Thomas | Tax withheld | 19K | $21.28 |
| 2026-01-29 | Quatmann Edmund L Jr | Option exercise | 23K | — |
| 2026-01-29 | Quatmann Edmund L Jr | Tax withheld | 10K | $21.28 |
| 2026-01-23 | MATHER COURTNEY | Grant | 10K | — |
| 2026-01-23 | Biumi Bonnie | Grant | 10K | — |
| 2026-01-23 | FAHRENKOPF FRANK J JR | Grant | 10K | — |
| 2026-01-23 | Jones Blackhurst Janis L | Grant | 10K | — |
| 2026-01-23 | TOMICK DAVID P | Grant | 10K | — |
| 2026-01-02 | Reeg Thomas | Tax withheld | 9.6K | $23.56 |
| 2026-01-02 | Jones Josh | Tax withheld | 1.5K | $23.56 |
| 2026-01-02 | Yunker Bret | Tax withheld | 8.0K | $23.56 |
| 2026-01-02 | Lepori Stephanie | Tax withheld | 2.2K | $23.56 |
| 2026-01-02 | Carano Anthony L. | Tax withheld | 11K | $23.56 |
| 2026-01-02 | Quatmann Edmund L Jr | Tax withheld | 7.7K | $23.56 |
| 2026-01-01 | Carano Anthony L. | Option exercise | 28K | — |
| 2026-01-01 | Lepori Stephanie | Option exercise | 4.9K | — |
| 2026-01-01 | Reeg Thomas | Option exercise | 23K | — |
| 2026-01-01 | Jones Josh | Option exercise | 3.4K | — |
| 2026-01-01 | Quatmann Edmund L Jr | Option exercise | 17K | — |
| 2026-01-01 | Yunker Bret | Option exercise | 19K | — |
| 2025-10-31 | Biumi Bonnie | Buy | 1.0K | $18.69 |
| 2025-03-17 | LYNN JESSE | Grant | 6.1K | — |
| 2025-03-17 | Papapostolou Ted | Grant | 6.1K | — |
| 2025-03-07 | KORNSTEIN DON R | Buy | 4.0K | $27.00 |
| 2025-03-03 | TOMICK DAVID P | Buy | 1.9K | $33.36 |
| 2025-02-25 | Quatmann Edmund L Jr | Grant | 6.7K | — |
| 2025-02-25 | Quatmann Edmund L Jr | Tax withheld | 2.6K | $34.87 |
| 2025-02-25 | Yunker Bret | Grant | 15K | — |
| 2025-02-25 | Yunker Bret | Tax withheld | 5.8K | $34.87 |
| 2025-02-25 | Carano Anthony L. | Grant | 17K | — |
| 2025-02-25 | Carano Anthony L. | Tax withheld | 6.8K | $34.87 |
| 2025-02-25 | Lepori Stephanie | Grant | 6.0K | — |
| 2025-02-25 | Lepori Stephanie | Tax withheld | 2.4K | $34.87 |
| 2025-02-25 | Reeg Thomas | Grant | 39K | — |
| 2025-02-25 | Reeg Thomas | Tax withheld | 15K | $34.87 |
| 2025-02-25 | Jones Josh | Grant | 2.7K | — |
| 2025-02-25 | Jones Josh | Tax withheld | 1.1K | $34.87 |
| 2025-02-25 | Carano Gary L. | Grant | 3.2K | — |
| 2025-02-25 | Carano Gary L. | Tax withheld | 1.3K | $34.87 |
| 2025-01-30 | Yunker Bret | Tax withheld | 13K | $35.58 |
| 2025-01-30 | Lepori Stephanie | Tax withheld | 5.7K | $35.58 |
| 2025-01-30 | Carano Anthony L. | Tax withheld | 15K | $35.58 |
| 2025-01-30 | Jones Josh | Tax withheld | 2.9K | $35.58 |
| 2025-01-30 | Reeg Thomas | Tax withheld | 34K | $35.58 |
| 2025-01-30 | Quatmann Edmund L Jr | Tax withheld | 6.3K | $35.58 |
| 2025-01-30 | Carano Gary L. | Tax withheld | 2.9K | $35.58 |
| 2025-01-29 | Lepori Stephanie | Option exercise | 14K | — |
| 2025-01-29 | Jones Josh | Option exercise | 7.3K | — |
| 2025-01-29 | Yunker Bret | Option exercise | 32K | — |
| 2025-01-29 | Quatmann Edmund L Jr | Option exercise | 16K | — |
| 2025-01-29 | Carano Anthony L. | Option exercise | 39K | — |
| 2025-01-29 | Carano Gary L. | Option exercise | 6.9K | — |
| 2025-01-29 | Reeg Thomas | Option exercise | 85K | — |
| 2025-01-24 | TOMICK DAVID P | Grant | 7.6K | — |
| 2025-01-24 | KORNSTEIN DON R | Grant | 7.6K | — |
| 2025-01-24 | Jones Blackhurst Janis L | Grant | 7.6K | — |
| 2025-01-24 | FAHRENKOPF FRANK J JR | Grant | 7.6K | — |
| 2025-01-24 | Biumi Bonnie | Grant | 7.6K | — |
| 2025-01-02 | Jones Josh | Tax withheld | 1.5K | $32.59 |
| 2025-01-02 | Yunker Bret | Tax withheld | 7.8K | $32.59 |
| 2025-01-02 | Reeg Thomas | Tax withheld | 9.5K | $32.59 |
| 2025-01-02 | Quatmann Edmund L Jr | Tax withheld | 6.7K | $32.59 |
| 2025-01-02 | Lepori Stephanie | Tax withheld | 2.2K | $32.59 |
| 2025-01-02 | Carano Anthony L. | Tax withheld | 11K | $32.59 |
| 2025-01-01 | Carano Anthony L. | Option exercise | 28K | — |
| 2025-01-01 | Quatmann Edmund L Jr | Option exercise | 17K | — |
| 2025-01-01 | Reeg Thomas | Option exercise | 23K | — |
| 2025-01-01 | Jones Josh | Option exercise | 3.4K | — |
| 2025-01-01 | Lepori Stephanie | Option exercise | 4.9K | — |
| 2025-01-01 | Yunker Bret | Option exercise | 19K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-12 | 2026-06-09 | 0001590895-26-000022 ↗ |
| 8-K | 2026-05-28 | 2026-05-27 | 0001193125-26-242995 ↗ |
| 10-Q | 2026-04-28 | 2026-03-31 | 0001590895-26-000016 ↗ |
| 8-K | 2026-04-28 | 2026-04-28 | 0001590895-26-000015 ↗ |
| 10-K | 2026-02-17 | 2025-12-31 | 0001590895-26-000011 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001590895-26-000010 ↗ |
| 8-K | 2025-12-03 | 2025-12-03 | 0001590895-25-000132 ↗ |
| 10-Q | 2025-10-28 | 2025-09-30 | 0001590895-25-000130 ↗ |
| 8-K | 2025-10-28 | 2025-10-28 | 0001590895-25-000129 ↗ |
| 8-K | 2025-07-29 | 2025-07-29 | 0001590895-25-000125 ↗ |
| 10-Q | 2025-07-29 | 2025-06-30 | 0001590895-25-000126 ↗ |
| 8-K | 2025-07-28 | 2025-07-23 | 0001590895-25-000122 ↗ |