PENN Entertainment (PENN)
Market Price (12/23/2025): $14.76 | Market Cap: $2.1 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
PENN Entertainment (PENN)
Market Price (12/23/2025): $14.76Market Cap: $2.1 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Markets & Betting, Digital Content & Streaming, and Experience Economy & Premiumization. Themes include Prediction Markets, Show more. | Weak multi-year price returns2Y Excs Rtn is -86%, 3Y Excs Rtn is -132% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 496% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.1% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -47% | ||
| Key risksPENN key risks include [1] the challenge of gaining significant market share for its pivotal ESPN Bet brand amid intense digital competition and [2] a significant debt burden that amplifies its vulnerability to economic downturns. |
| Megatrend and thematic driversMegatrends include Markets & Betting, Digital Content & Streaming, and Experience Economy & Premiumization. Themes include Prediction Markets, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -86%, 3Y Excs Rtn is -132% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 496% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.1% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -47% |
| Key risksPENN key risks include [1] the challenge of gaining significant market share for its pivotal ESPN Bet brand amid intense digital competition and [2] a significant debt burden that amplifies its vulnerability to economic downturns. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are five key points explaining the stock movement for PENN Entertainment during the approximate time period from August 31, 2025, to December 23, 2025, based on the most recent available information: 1. Termination of ESPN Bet Partnership and Digital Rebrand.PENN Entertainment announced on November 6, 2025, the early termination of its U.S. online sports betting agreement with ESPN, shifting its digital focus to theScore Bet, with a target rebranding date of December 1, 2025. This strategic move came after ESPN Bet consistently failed to meet market share expectations. 2. Q3 2025 Earnings Miss and Wider-than-Expected Digital Losses.
The company reported a larger-than-expected loss for the third quarter of 2025 on November 6, 2025. Earnings per share (EPS) came in at -$0.22, significantly missing the forecast of -$0.05, and revenue of $1.4 billion fell short of the anticipated $1.73 billion. The interactive segment, in particular, reported an EBITDA loss of $76.6 million, which was wider than both Mizuho's and the Street's projections. Show more
Stock Movement Drivers
Fundamental Drivers
The -23.0% change in PENN stock from 9/22/2025 to 12/22/2025 was primarily driven by a -26.7% change in the company's P/S Multiple.| 9222025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 19.17 | 14.76 | -23.00% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6745.70 | 6823.80 | 1.16% |
| P/S Multiple | 0.42 | 0.31 | -26.70% |
| Shares Outstanding (Mil) | 149.00 | 143.50 | 3.69% |
| Cumulative Contribution | -23.11% |
Market Drivers
9/22/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| PENN | -23.0% | |
| Market (SPY) | 2.7% | 41.5% |
| Sector (XLY) | 1.9% | 47.8% |
Fundamental Drivers
The -13.7% change in PENN stock from 6/23/2025 to 12/22/2025 was primarily driven by a -20.9% change in the company's P/S Multiple.| 6232025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 17.11 | 14.76 | -13.73% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6643.70 | 6823.80 | 2.71% |
| P/S Multiple | 0.39 | 0.31 | -20.86% |
| Shares Outstanding (Mil) | 152.30 | 143.50 | 5.78% |
| Cumulative Contribution | -14.02% |
Market Drivers
6/23/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| PENN | -13.7% | |
| Market (SPY) | 14.4% | 37.3% |
| Sector (XLY) | 14.3% | 40.4% |
Fundamental Drivers
The -20.7% change in PENN stock from 12/22/2024 to 12/22/2025 was primarily driven by a -30.9% change in the company's P/S Multiple.| 12222024 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 18.62 | 14.76 | -20.73% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6304.50 | 6823.80 | 8.24% |
| P/S Multiple | 0.45 | 0.31 | -30.95% |
| Shares Outstanding (Mil) | 152.20 | 143.50 | 5.72% |
| Cumulative Contribution | -20.99% |
Market Drivers
12/22/2024 to 12/22/2025| Return | Correlation | |
|---|---|---|
| PENN | -20.7% | |
| Market (SPY) | 16.9% | 58.1% |
| Sector (XLY) | 7.8% | 58.4% |
Fundamental Drivers
The -51.6% change in PENN stock from 12/23/2022 to 12/22/2025 was primarily driven by a -58.8% change in the company's P/S Multiple.| 12232022 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 30.52 | 14.76 | -51.64% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6388.60 | 6823.80 | 6.81% |
| P/S Multiple | 0.75 | 0.31 | -58.77% |
| Shares Outstanding (Mil) | 157.60 | 143.50 | 8.95% |
| Cumulative Contribution | -52.03% |
Market Drivers
12/23/2023 to 12/22/2025| Return | Correlation | |
|---|---|---|
| PENN | -41.2% | |
| Market (SPY) | 47.7% | 47.6% |
| Sector (XLY) | 38.4% | 46.7% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| PENN Return | 238% | -40% | -43% | -12% | -24% | -27% | -43% |
| Peers Return | 88% | 21% | -33% | 60% | -6% | -4% | 118% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 113% |
Monthly Win Rates [3] | |||||||
| PENN Win Rate | 67% | 33% | 33% | 42% | 50% | 42% | |
| Peers Win Rate | 60% | 50% | 33% | 57% | 52% | 65% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| PENN Max Drawdown | -82% | -48% | -50% | -38% | -44% | -31% | |
| Peers Max Drawdown | -59% | -15% | -45% | -2% | -22% | -29% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: CZR, MGM, DKNG, BYD, CHDN. See PENN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/22/2025 (YTD)
How Low Can It Go
| Event | PENN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -86.5% | -25.4% |
| % Gain to Breakeven | 641.3% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -88.2% | -33.9% |
| % Gain to Breakeven | 746.9% | 51.3% |
| Time to Breakeven | 140 days | 148 days |
| 2018 Correction | ||
| % Loss | -54.1% | -19.8% |
| % Gain to Breakeven | 118.1% | 24.7% |
| Time to Breakeven | 180 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -79.8% | -56.8% |
| % Gain to Breakeven | 396.0% | 131.3% |
| Time to Breakeven | 1,844 days | 1,480 days |
Compare to WYNN, MGM, BYD, HGV, PK
In The Past
PENN Entertainment's stock fell -86.5% during the 2022 Inflation Shock from a high on 3/15/2021. A -86.5% loss requires a 641.3% gain to breakeven.
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AI Analysis | Feedback
Here are 1-2 brief analogies to describe PENN Entertainment:
PENN Entertainment is like **MGM Resorts (MGM)** or **Caesars Entertainment (CZR)**, but with a major exclusive partnership with **ESPN** to power its national online sports betting and iGaming platform (ESPN Bet).
Imagine **DraftKings (DKNG)** or **FanDuel**, but with a significant portfolio of regional physical casinos and leveraging the massive brand power of **ESPN** for its online sports betting offerings.
AI Analysis | Feedback
```html- Land-Based Casino Operations: Operating physical casinos that offer slot machines, table games, and other traditional gambling experiences.
- Online Sports Betting: Providing digital platforms for legal sports wagering, prominently through their partnership powering ESPN BET.
- Online Casino (iGaming): Offering online casino games, including slots, table games, and live dealer experiences, through their digital properties.
- Hospitality & Entertainment: Providing amenities such as hotels, restaurants, bars, and live entertainment at their integrated casino resorts.
- Pari-Mutuel Wagering: Operating racetracks and offering betting on horse racing events.
AI Analysis | Feedback
Major Customers of PENN Entertainment (PENN)
PENN Entertainment (symbol: PENN) sells primarily to **individuals**. The company operates casinos, resorts, and online sports betting and iGaming platforms, with its revenue derived directly from consumers engaging in these activities. PENN Entertainment serves the following categories of individual customers: *Casino Patrons and Gamblers
This is the core customer base, comprising individuals who visit PENN's land-based casinos to participate in various gaming activities, including slot machines, table games (blackjack, roulette, poker), and in-person sports betting. This category also includes high-frequency players and VIPs who contribute a significant portion of gaming revenue. *Leisure and Hospitality Guests
These customers utilize PENN's non-gaming amenities and services. This includes individuals staying at their hotel properties, dining at their restaurants, attending entertainment events (concerts, shows), utilizing spas, or using conference facilities. While some of these guests may also gamble, their primary intent for visiting may be leisure, entertainment, or business travel. *Online Sports Bettors and iGaming Players
This category specifically targets users of PENN's digital platforms, such as ESPN Bet for online sports wagering and Hollywood Casino for iGaming (online casino games). These customers engage with PENN's services remotely via mobile apps or websites, often characterized by a strong digital preference and a focus on convenience and accessibility for their betting and gaming activities.AI Analysis | Feedback
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Jay Snowden, Chief Executive Officer and President
Jay Snowden is the Chief Executive Officer and President of PENN Entertainment. He is recognized as the architect of PENN's evolution from a regional casino operator to a leading provider of integrated entertainment, sports content, and casino gaming experiences. He assumed the CEO role in January 2020. Prior to his appointment as CEO, he served as PENN's President and Chief Operating Officer beginning in March 2017. Before joining PENN in October 2011, Mr. Snowden spent 12 years with Caesars Entertainment, holding various senior leadership positions, including Senior Vice President and General Manager of Caesars Atlantic City and Harrah's Atlantic City casinos. Under his leadership, PENN has expanded into sports media and technology, including the acquisition of theScore in 2021 and a strategic alliance with ESPN to launch ESPN BET in 2023.
Felicia Hendrix, Executive Vice President, Chief Financial Officer
Felicia Hendrix serves as the Executive Vice President and Chief Financial Officer of PENN Entertainment, a position she has held since March 2021. She brings over 20 years of Wall Street experience to her role. Before joining PENN, Ms. Hendrix was a Managing Director and Equity Research Analyst at Barclays, where she covered the gaming, lodging, and leisure industries. She was consistently recognized in the Institutional Investor All Americas Research Team polls. Prior to Barclays, Ms. Hendrix was a Managing Director at Lehman Brothers.
Todd George, Executive Vice President, Operations
Todd George is the Executive Vice President, Operations at PENN Entertainment. In this role, he oversees PENN's Regional Operations, Marketing, Information Technology, and Design and Construction. He joined PENN National (now PENN Entertainment) in October 2012 as Vice President and General Manager of Hollywood Casino in Lawrenceburg, Indiana. Over his tenure, he also served as Vice President and General Manager of Hollywood Casino St. Louis and was promoted to Senior Vice President, Regional Operations, overseeing nine properties in the Midwest Region. Before joining PENN, Mr. George spent 12 years in various management positions at Pinnacle Entertainment, where he notably led the development and launch of Pinnacle's two St. Louis properties, River City Casino and Lumiere Place.
Chris Rogers, Executive Vice President, Chief Strategy and Legal Officer and Secretary
Chris Rogers holds the title of Executive Vice President, Chief Strategy and Legal Officer and Secretary at PENN Entertainment. He is responsible for developing and pursuing PENN's strategic growth initiatives and oversees the legal department. During his time with PENN, he has also served as Senior Vice President, Corporate Development, and Vice President, Deputy General Counsel. Before joining PENN in August 2013, Mr. Rogers was a corporate attorney at the Dallas-based law firm Vinson & Elkins and the Boston-based law firm Ropes & Gray. He also worked as a CPA for PricewaterhouseCoopers and Arthur Andersen.
Wendy Hamilton, Senior Vice President, Chief Human Resources Officer
Wendy Hamilton serves as the Senior Vice President, Chief Human Resources Officer for PENN Entertainment. She brings over 20 years of leadership and team-building experience to her role.
AI Analysis | Feedback
PENN Entertainment (PENN) faces several key risks to its business, primarily stemming from the highly regulated and competitive nature of the gaming industry, compounded by broader economic sensitivities and its financial leverage.
- Regulatory Challenges and Changes in Gaming Laws: The gaming industry is subject to extensive and evolving regulations at federal, state, and local levels. Changes in legislation, licensing requirements, and compliance costs can significantly impact PENN's operations, particularly its burgeoning online gaming and sports betting segments. The potential for new restrictions, increased taxes, or changes in how existing gaming laws are interpreted introduces substantial uncertainty and could hinder expansion or increase operational expenses.
- Intense Competition and Challenges in the Digital Gaming Market: PENN operates in a highly competitive landscape across both its traditional retail casinos and its increasingly important digital gaming platforms. The company competes with numerous established players, including large casino operators, and new entrants in the online sports betting and iCasino markets. This intense competition can lead to pressure on revenue, profit margins, and market share. A critical risk lies in the performance and market share growth of its digital strategy, particularly with its ESPN Bet brand. Failure to gain significant traction or effectively compete in the digital space could result in a loss of market share to rivals.
- Economic Downturns and High Financial Leverage: As a business reliant on discretionary consumer spending, PENN is highly vulnerable to adverse economic conditions. Economic downturns, inflation, rising interest rates, or other factors that reduce consumer disposable income can lead to decreased visitation and spending at its physical properties and lower engagement in its online offerings. This sensitivity to economic fluctuations is amplified by PENN's significant debt burden and financial leverage, which can limit its operational flexibility, ability to fund growth initiatives, or capacity to withstand sustained economic pressures.
AI Analysis | Feedback
nullAI Analysis | Feedback
PENN Entertainment operates in several key markets, primarily focusing on land-based casino gaming, online sports betting, and online casino gaming (iGaming). The addressable market sizes for these products and services are significant within North America, particularly in the United States and Canada.
Land-Based Casino Gaming
- The domestic commercial casino gaming market in the U.S. was estimated at $72 billion in 2024.
Online Sports Betting
- The North America sports betting market generated approximately $23.91 billion in revenue in 2024 and is projected to reach approximately $45.59 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 11.5% from 2025 to 2030.
- The U.S. online sports betting market is projected to reach $17.94 billion in 2024 and is expected to expand at a CAGR of 10.9% through 2030. Americans wagered a total of $149.90 billion on sports in 2024, generating $13.78 billion in commercial sports betting revenue in the U.S.
Online Casino Gaming (iGaming)
- The North America online gambling market, which includes sports betting, casino games, poker, and lotteries, was valued at approximately $19.22 billion in 2024 and is anticipated to reach $54.42 billion by 2033, growing at a CAGR of 12.26% from 2025 to 2033.
- In 2024, the U.S. online gambling sector (including sports betting and casino operations) generated approximately $22-$23 billion in gross gaming revenue. Online casino gaming contributes about 38% of this U.S. online gaming revenue. This implies a U.S. online casino gaming market size of approximately $8.36 billion to $8.74 billion in 2024.
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PENN Entertainment (PENN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:
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Growth and Profitability of theScore Bet: PENN is transitioning its U.S. online sports betting platform from ESPN Bet to theScore Bet, aiming to achieve profitability in its interactive segment by 2026. This realignment is anticipated to streamline digital operations, reduce fixed marketing costs, and enable more targeted investment towards profitable customer segments. TheScore Bet leverages an established brand in Canada and a digital sports media platform with approximately 4 million monthly active users, which PENN plans to utilize for cross-sell opportunities.
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Momentum and Expansion in iCasino: The company's North American iCasino business has shown significant growth, achieving its highest quarterly gaming revenue to date with a nearly 40% year-over-year improvement. This growth is fueled by increased cross-sell from sports betting and the performance of standalone Hollywood and theScore Bet iCasino apps. Recent launches of the Hollywood Casino app in Pennsylvania and Michigan, with an upcoming launch in New Jersey, are expected to further boost iCasino revenue.
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Strategic Retail Growth Projects and Enhancements: PENN is investing in its land-based casino portfolio with several development projects. These include the opening of a relocated land property in Joliet, Illinois (August 2025), and the second hotel tower at M Resort in Henderson, Nevada (December 2025). Additionally, two more significant projects are scheduled for the first half of 2026, such as the revamped Aurora, Illinois property and a new hotel tower at Hollywood Columbus. These developments are designed to enhance the company's competitive standing, improve customer visitation and spending, and contribute to overall revenue growth.
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Enhanced Omnichannel Strategy and Cross-Selling: The company continues to prioritize its omnichannel strategy, aiming to leverage its extensive customer database for cross-selling between its digital and land-based properties. This approach is expected to drive higher engagement and spending, particularly among younger, digitally-savvy customers. The rebranding to theScore Bet is also intended to enhance connectivity across PENN's entire entertainment ecosystem.
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Share Repurchases
- PENN Entertainment completed a $750 million share repurchase authorization.
- A new $750 million share repurchase program has been authorized, commencing January 1, 2026, and expiring December 31, 2028.
- As of November 5, 2025, PENN had repurchased $354.4 million of shares in 2025, aiming to meet its goal of at least $350 million for the year.
Share Issuance
- The company filed a shelf registration for 8.2 million shares related to its ESOP plan.
- ESPN will retain vested warrants to purchase approximately 7.96 million shares of PENN stock with a weighted strike price of $28.95, following the termination of the ESPN partnership.
- As of September 30, 2025, 8,217,921 shares were available for future grants under the 2022 Plan – Second Amendment.
Inbound Investments
- PENN received $150 million in funding from Gaming and Leisure Properties, Inc. (GLPI) for the construction of a second hotel tower at M Resort Las Vegas.
- In April 2020, PENN sold the land for the Tropicana Las Vegas to GLPI for $337.5 million in rent credits.
Outbound Investments
- PENN entered into a 10-year, $2 billion licensing agreement with ESPN in August 2023 to rebrand Barstool Sportsbook as ESPN Bet, which included $1.5 billion in cash payments and $500 million in upfront warrants for PENN equity.
- The partnership with ESPN was mutually terminated early, effective December 1, 2025, with PENN paying ESPN $38.1 million in Q4 2025 and an additional $5 million for media support.
- PENN acquired Canadian digital media company Score Media and Gaming for $2 billion in August 2021.
Capital Expenditures
- PENN's total capital expenditures for 2025 are forecasted at $685 million, comprising approximately $255 million for maintenance and $430 million for project capital expenditures, with some project costs shifting to the following year.
- In 2022, PENN spent $263.4 million on capital expenditures, which included maintenance, development projects in York and Morgantown, and construction costs related to hurricane damage at its Lake Charles property.
- Significant development projects include the anticipated relocation of its riverboat casino in Aurora, and new developments in Joliet, Columbus, and M Resort, with openings expected in 2025 and 2026.
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| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.9% | 3.9% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.8% | 3.8% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.9% | 19.9% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.5% | 7.5% | -1.6% |
| 04302024 | PENN | PENN Entertainment | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 25.7% | -8.0% | -16.9% |
| 12312022 | PENN | PENN Entertainment | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -19.1% | -12.4% | -38.0% |
| 09302021 | PENN | PENN Entertainment | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -41.5% | -62.0% | -63.9% |
Research & Analysis
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Peer Comparisons for PENN Entertainment
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 36.22 |
| Mkt Cap | 7.5 |
| Rev LTM | 6,141 |
| Op Inc LTM | 833 |
| FCF LTM | 396 |
| FCF 3Y Avg | 215 |
| CFO LTM | 884 |
| CFO 3Y Avg | 831 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.9% |
| Rev Chg 3Y Avg | 8.3% |
| Rev Chg Q | 4.5% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Mgn LTM | 13.0% |
| Op Mgn 3Y Avg | 13.4% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 13.5% |
| CFO/Rev 3Y Avg | 13.8% |
| FCF/Rev LTM | 8.6% |
| FCF/Rev 3Y Avg | 3.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.5 |
| P/S | 1.2 |
| P/EBIT | 2.5 |
| P/E | 0.7 |
| P/CFO | 5.7 |
| Total Yield | -0.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.8% |
| D/E | 1.8 |
| Net D/E | 1.7 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 11.9% |
| 3M Rtn | 0.7% |
| 6M Rtn | 0.4% |
| 12M Rtn | -13.2% |
| 3Y Rtn | 10.4% |
| 1M Excs Rtn | 10.7% |
| 3M Excs Rtn | -4.9% |
| 6M Excs Rtn | -15.8% |
| 12M Excs Rtn | -27.7% |
| 3Y Excs Rtn | -72.3% |
Comparison Analyses
Price Behavior
| Market Price | $14.76 | |
| Market Cap ($ Bil) | 2.1 | |
| First Trading Date | 05/26/1994 | |
| Distance from 52W High | -35.1% | |
| 50 Days | 200 Days | |
| DMA Price | $15.32 | $16.77 |
| DMA Trend | down | down |
| Distance from DMA | -3.7% | -12.0% |
| 3M | 1YR | |
| Volatility | 45.0% | 50.3% |
| Downside Capture | 143.78 | 124.63 |
| Upside Capture | -1.80 | 82.56 |
| Correlation (SPY) | 40.9% | 57.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.70 | 1.88 | 1.58 | 1.60 | 1.51 | 1.61 |
| Up Beta | 3.10 | 3.71 | 3.50 | 1.96 | 1.71 | 1.67 |
| Down Beta | 0.93 | 1.99 | 2.18 | 2.19 | 1.75 | 1.63 |
| Up Capture | 191% | 18% | -20% | 97% | 79% | 180% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 9 | 17 | 25 | 61 | 114 | 348 |
| Down Capture | 322% | 206% | 158% | 144% | 122% | 110% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 11 | 25 | 38 | 64 | 132 | 399 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of PENN With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| PENN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -23.0% | 3.1% | 14.7% | 67.3% | 6.8% | -0.5% | -16.6% |
| Annualized Volatility | 50.2% | 24.7% | 19.7% | 19.3% | 15.2% | 17.6% | 35.4% |
| Sharpe Ratio | -0.36 | 0.07 | 0.57 | 2.54 | 0.23 | -0.18 | -0.25 |
| Correlation With Other Assets | 58.4% | 58.2% | 2.0% | 23.7% | 45.7% | 28.9% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of PENN With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| PENN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -28.5% | 10.2% | 15.0% | 18.9% | 11.8% | 5.1% | 35.8% |
| Annualized Volatility | 54.8% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | -0.40 | 0.39 | 0.71 | 0.98 | 0.51 | 0.18 | 0.63 |
| Correlation With Other Assets | 52.2% | 52.0% | 5.5% | 13.9% | 41.1% | 25.8% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of PENN With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| PENN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -0.0% | 13.3% | 14.9% | 14.9% | 6.7% | 5.5% | 69.9% |
| Annualized Volatility | 60.3% | 22.0% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.26 | 0.56 | 0.71 | 0.84 | 0.30 | 0.23 | 0.90 |
| Correlation With Other Assets | 52.5% | 49.7% | 4.8% | 21.7% | 42.4% | 17.7% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | -10.4% | -6.5% | -15.8% |
| 8/7/2025 | -0.6% | 4.6% | 20.3% |
| 5/8/2025 | -2.7% | 3.0% | -0.8% |
| 2/27/2025 | -0.1% | -1.6% | -16.1% |
| 11/7/2024 | 5.1% | 10.4% | 7.9% |
| 8/8/2024 | 8.5% | 7.3% | 4.7% |
| 5/2/2024 | -8.8% | -4.7% | 6.4% |
| 2/15/2024 | -13.8% | -26.2% | -21.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 10 | 12 |
| # Negative | 16 | 14 | 12 |
| Median Positive | 8.7% | 10.0% | 10.4% |
| Median Negative | -4.5% | -5.7% | -15.4% |
| Max Positive | 14.0% | 21.6% | 88.7% |
| Max Negative | -21.1% | -26.2% | -41.5% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5122025 | 10-Q 3/31/2025 |
| 12312024 | 2272025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8082024 | 10-Q 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 2222024 | 10-K 12/31/2023 |
| 9302023 | 11022023 | 10-Q 9/30/2023 |
| 6302023 | 8092023 | 10-Q 6/30/2023 |
| 3312023 | 5042023 | 10-Q 3/31/2023 |
| 12312022 | 2232023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 2282022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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