Tearsheet
Investment Highlights Market Valuation Price Chart About PENN Interactive Breakdown Better Bets vs. PENN Latest Trefis Analyses Trade Ideas Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

PENN Entertainment (PENN)

Market Price (10/19/2025): $16.35 | Market Cap: $2.4 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

PENN Entertainment (PENN)

Market Price (10/19/2025): $16.35
Market Cap: $2.4 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Low stock price volatility
Vol 12M is 50%		 Weak multi-year price returns
2Y Excs Rtn is -73%, 3Y Excs Rtn is -131%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 430%
1  Meaningful short interest
Short 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 11%		 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.0%
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.7%
0 Low stock price volatility
Vol 12M is 50%
1 Weak multi-year price returns
2Y Excs Rtn is -73%, 3Y Excs Rtn is -131%
2 Meaningful short interest
Short 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 11%
3 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 430%
4 Not cash flow generative
FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.0%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.7%

Market Valuation & Key Metrics

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PENN Stock

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
PENN Return238%-40%-43%-12%-24%-18%-36%
Peers Return-4%29%-21%23%-2%7%26%
S&P 500 Return16%27%-19%24%23%13%106%

Monthly Win Rates [3]
PENN Win Rate67%33%33%42%50%56% 
Peers Win Rate52%55%42%53%48%67% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
PENN Max Drawdown-82%-48%-50%-38%-44%-31% 
Peers Max Drawdown-74%-11%-37%-4%-17%-24% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: WYNN, MGM, BYD, HGV, PK. 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 10/17/2025 (YTD)

Downturns Compared

Unique KeyEventPENNS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-86.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven641.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-88.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven746.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven140 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-54.1%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven118.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven180 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-79.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven396.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1844 days1480 days


How Low Can It Go?

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.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Better Bets than PENN Entertainment (PENN)

 PENNBetter Performance than PENN
MetricValueIndustry (Casinos & Gaming)
Rev Chg LTM7.3%DKNG (25.8%), CHDN (8.2%), SGHC (17.4%), RRR (7.5%), RSI (27.0%)
Rev Chg 3Y Avg2.6%LVS (48.7%), DKNG (53.4%), WYNN (22.9%), MGM (13.6%), BYD (4.5%)
Op Mgn LTM3.6%LVS (21.9%), WYNN (18.2%), MGM (8.6%), BYD (23.7%), CHDN (24.9%)
CFO/Rev LTM7.4%LVS (20.5%), DKNG (9.5%), WYNN (18.6%), MGM (14.7%), BYD (24.3%)
FCF/Rev LTM-3.0%LVS (4.7%), DKNG (7.1%), WYNN (10.7%), MGM (7.5%), BYD (12.2%)
Total Yield-3.1%LVS (6.3%), DKNG (-1.8%), WYNN (4.4%), MGM (6.3%), BYD (8.3%)
 PENNBetter Performance than PENN
MetricValueAll Other Sectors
Rev Chg LTM7.3%NVDA (71.6%), MSFT (14.9%), GOOGL (13.1%), META (19.4%), AVGO (28.0%)
Rev Chg 3Y Avg2.6%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), META (13.0%), AVGO (24.0%)
Op Mgn LTM3.6%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM7.4%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM-3.0%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield-3.1%NVDA (2.0%), MSFT (3.3%), AAPL (3.0%), GOOGL (4.1%), META (4.0%)
 Best Bets In Consumer Discretionary Sector
 PENNABNB BKNG MCD LOPE PRDO ALSN CROX GRMN WH YUM
What You Pay           
P/E-32.029.534.226.225.015.28.919.630.618.028.3
P/EBIT6.029.721.118.219.611.16.717.127.310.616.5
What You Get           
Rev Chg Q6.1%12.7%16.0%5.4%8.8%26.6%-0.2%3.4%20.4%8.2%9.6%
Rev Chg LTM7.3%10.2%11.7%1.2%6.5%6.3%2.7%2.0%19.6%3.9%11.3%
Rev Chg 3Y Avg2.6%16.3%19.9%3.4%5.8%1.7%8.0%14.5%11.0%-3.2%5.9%
FCF/Rev 3Y Avg0.5%40.5%34.6%27.2%22.6%21.0%20.9%19.8%19.4%19.4%19.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 14%, alpha of 2.9%, and sharpe of 0.61

Latest Trefis Analyses

Trade Ideas

Select past ideas related to PENN. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.0%-20.0%-20.0%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-6.8%-6.8%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		0.5%0.5%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-8.1%-8.1%-11.7%
PENN_4302024_Short_Squeeze04302024PENNPENN EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		25.7%-8.0%-16.9%
PENN_12312022_Dip_Buyer_ValueBuy12312022PENNPENN EntertainmentDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-19.1%-12.4%-38.0%
PENN_9302021_Dip_Buyer_FCFYield09302021PENNPENN EntertainmentDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-41.5%-62.0%-63.9%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-20.0%-20.0%-20.0%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-6.8%-6.8%-7.9%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		0.5%0.5%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-8.1%-8.1%-11.7%
PENN_4302024_Short_Squeeze04302024PENNPENN EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		25.7%-8.0%-16.9%
PENN_12312022_Dip_Buyer_ValueBuy12312022PENNPENN EntertainmentDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-19.1%-12.4%-38.0%
PENN_9302021_Dip_Buyer_FCFYield09302021PENNPENN EntertainmentDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-41.5%-62.0%-63.9%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1160.2%365.5%
2PRAXPraxis Precision Medicines320.1%146.9%
3QUREuniQure293.5%228.4%
4FLNCFluence Energy131.4%15.4%
5CLPTClearPoint Neuro123.6%65.0%
6NVTSNavitas Semiconductor117.8%310.6%
7LACLithium Americas110.9%128.6%
8ASTSAST SpaceMobile101.5%295.7%
9BETRBetter Home & Finance97.8%610.2%
10GRALGRAIL97.0%337.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1SOCSable Offshore-50.9%-48.4%
2FLYFirefly Aerospace-41.7% 
3PGYPagaya Technologies-39.5%185.3%
4UPWheels Up Experience-37.1%-6.7%
5ALABAstera Labs-36.6%20.6%
6VGVenture Global-35.8% 
7USNAUsana Health Sciences-32.3%-41.8%
8UPSTUpstart-31.7%-24.5%
9DOMODomo-30.8%73.6%
10TROXTronox-30.6%-63.2%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for PENN Entertainment

Financials

PENNWYNNMGMBYDHGVPKMedian
NamePENN Ent.Wynn Res.MGM Reso.Boyd Gam.Hilton G.Park Hot. 
Mkt Price16.26117.8131.5882.3743.5210.8137.55
Mkt Cap2.412.28.67.04.22.25.6
Rev LTM6,7466,97017,2123,9614,9732,5765,859
Op Inc LTM2441,2711,485941628249784
FCF LTM-2017431,295482208188345
FCF 3Y Avg356601,321568273199421
CFO LTM4981,2972,532963347414730
CFO 3Y Avg4921,1002,357957379448725

Growth & Margins

PENNWYNNMGMBYDHGVPKMedian
NamePENN Ent.Wynn Res.MGM Reso.Boyd Gam.Hilton G.Park Hot. 
Rev Chg LTM7.3%-1.9%0.9%6.1%18.4%-3.2%3.5%
Rev Chg 3Y Avg2.6%22.9%13.6%4.5%20.8%9.0%11.3%
Rev Chg Q6.1%0.3%1.8%3.2%-0.7%-2.0%1.0%
QoQ Delta Rev Chg LTM1.5%0.1%0.5%0.8%-0.2%-0.5%0.3%
Op Mgn LTM3.6%18.2%8.6%23.7%12.6%9.7%11.1%
Op Mgn 3Y Avg5.9%14.6%3.5%26.1%16.0%11.6%13.1%
QoQ Delta Op Mgn LTM0.2%0.1%-0.6%-0.1%-1.8%-2.5%-0.4%
CFO/Rev LTM7.4%18.6%14.7%24.3%7.0%16.1%15.4%
CFO/Rev 3Y Avg7.5%16.9%14.4%25.3%8.8%16.9%15.6%
FCF/Rev LTM-3.0%10.7%7.5%12.2%4.2%7.3%7.4%
FCF/Rev 3Y Avg0.5%9.9%8.1%15.1%6.4%7.5%7.8%

Valuation

PENNWYNNMGMBYDHGVPKMedian
NamePENN Ent.Wynn Res.MGM Reso.Boyd Gam.Hilton G.Park Hot. 
Mkt Cap2.412.28.67.04.22.25.6
P/S0.41.70.51.80.80.80.8
P/EBIT6.010.96.57.78.87.27.5
P/E-32.031.816.012.7122.237.123.9
P/CFO4.99.43.47.312.05.26.2
Total Yield-3.1%4.4%6.3%8.3%0.8%16.0%5.3%
Dividend Yield0.0%1.3%0.0%0.4%0.0%13.3%0.2%
FCF Yield 3Y Avg-0.1%6.6%10.7%8.9%6.0%7.8%7.2%
D/E4.61.03.60.61.72.22.0
Net D/E4.30.83.40.61.62.11.9

Returns

PENNWYNNMGMBYDHGVPKMedian
NamePENN Ent.Wynn Res.MGM Reso.Boyd Gam.Hilton G.Park Hot. 
1M Rtn-15.4%-8.4%-12.1%-1.1%-3.0%-8.9%-8.7%
3M Rtn-9.9%10.6%-15.1%0.5%-6.9%2.6%-3.2%
6M Rtn13.4%58.3%9.3%27.9%31.2%15.1%21.5%
12M Rtn-14.4%19.7%-23.3%28.0%12.3%-13.4%-0.6%
3Y Rtn-42.2%122.0%-2.7%63.3%15.4%20.5%18.0%
1M Excs Rtn-15.8%-8.9%-12.6%-1.6%-3.5%-9.4%-9.2%
3M Excs Rtn-17.0%5.3%-20.7%-5.7%-14.3%-2.4%-10.0%
6M Excs Rtn-12.8%32.2%-16.9%1.8%5.0%-11.0%-4.6%
12M Excs Rtn-26.8%5.4%-34.4%15.0%5.5%-30.2%-10.7%
3Y Excs Rtn-130.8%19.7%-84.1%-19.3%-64.9%-58.4%-61.6%

Comparison Analyses

Title
0How Does PENN Stack Up Against Its Peers?
1Penn National Gaming vs. Boyd Gaming: With Return Forecast Of 61%, Penn National Gaming Is A Better Bet
2Penn National Gaming vs. MGM Resorts: With Return Forecast Of 62%, Penn National Gaming Is A Better Bet
3WYNN Looks Stronger Than PENN With 44% Return Potential
4Penn National Gaming vs. Churchill Downs: With Return Forecast Of 45%, Penn National Gaming Is A Better Bet
5Penn National Gaming vs. Edwards Lifesciences: With Return Forecast Of 57%, Penn National Gaming Is A Better Bet
6Penn National Gaming vs. Synopsys: With Return Forecast Of 57%, Penn National Gaming Is A Better Bet
7Penn National Gaming vs. L3Harris Technologies: With Return Forecast Of 57%, Penn National Gaming Is A Better Bet
8Penn National Gaming vs. ServiceNow: With Return Forecast Of 76%, ServiceNow Is A Better Bet
9Penn National Gaming vs. Intuitive Surgical: With Return Forecast Of 54%, Intuitive Surgical Is A Better Bet

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/7/20255/12/20252/27/202511/7/20248/8/20245/2/20242/22/202411/2/20238/9/20235/4/20232/23/202311/3/2022
Key Financials Quarterly            
Total Revenue1,7651,6721,6691,6391,6631,6071,3951,6191,6751,6731,5861,625
Ebitda19437872192198100-178-664339903406288
Operating Income9243416874-21-178137206199256241
Net Income-17112-133-37-27-115-358-7257851421124
EPS-0.120.73-0.88-0.24-0.18-0.76-2.37-4.800.513.350.130.78
Key Financials TTM            
Total Revenue TTM6,7466,6446,5786,3046,2856,2966,3636,5536,5596,5116,4026,389
Ebitda TTM837840563313-543-4024009851,9362,0251,5011,389
Operating Income TTM244226162-57121433647989029991,0921,062
Net Income TTM-76-85-312-536-1,224-1,120-490-112737685222246
Growth Rates Quarterly            
Total Revenue Growth6.1%4.1%19.6%1.2%-0.7%-4.0%-12.0%-0.3%2.9%7.0%0.8%7.5%
EBITDA Growth-1.9%276.9%140.4%129.0%-41.5%-88.9%-143.8%-330.1%-20.7%138.4%38.0%-17.9%
Operating Income Growth24.2%300.0%123.1%-50.7%-63.7%-110.7%-169.3%-43.3%-32.0%-31.8%13.4%0.9%
Net Income Growth35.1%197.5%62.8%94.9%-134.3%-122.3%-1821.6%-686.9%199.2%896.9%-53.8%43.4%
Margins Quarterly            
EBITDA Margin11.0%22.6%4.3%11.7%11.9%6.2%-12.8%-41.0%20.2%54.0%25.6%17.7%
Operating Income Margin5.2%2.6%2.5%4.1%4.5%-1.3%-12.7%8.4%12.3%11.9%16.2%14.8%
Net Income Margin-1.0%6.7%-8.0%-2.2%-1.6%-7.1%-25.7%-44.8%4.7%30.7%1.3%7.6%
Cash & Debt            
Total Cash6725927078348789041,0721,3181,2721,3111,6241,728
Total Debt11,09511,01011,24911,31711,41211,45011,54211,49911,62211,66212,90912,917
Net Debt / (Cash)10,42310,41810,54310,48310,53410,54610,47010,18110,35110,35111,28511,188
Cash Flows Quarterly            
FCF from Operations17842103175150-69-85217176148118324
Cash Flows TTM            
FCF from Operations TTM498470359172214240456659766801878877
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases9025-0-0-0-0-0-01005091168
Return on Invested Capital (ROIC) Quarterly            
ROIC2.8%0.9%1.1%2.0%2.0%-0.6%-4.7%3.5%4.4%4.6%2.9%6.8%
Return on Invested Capital (ROIC) TTM            
ROIC TTM1.9%1.7%1.1%-0.4%0.1%0.9%2.7%6.2%6.5%6.8%7.7%7.5%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Gaming4,9065,2024,9453,0514,269
Other799541405156210
Food and beverage411397323224512
Hotel247262231147311
Total6,3636,4025,9053,5795,301


Price Behavior

PENN Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta-0.950.060.851.581.481.57
Up Beta0.850.430.231.621.591.60
Down Beta-0.951.110.961.771.771.60
Up Capture-126%1%105%138%106%239%
Bmk +ve Days13233574144420
Stock +ve Days8213261119356
Down Capture-117%-89%108%131%114%109%
Bmk -ve Days8192952107330
Stock -ve Days13213163129391

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity15,985,008
Short Interest: % Change Since 9152025-8.2%
Average Daily Volume3,183,353
Days-to-Cover Short Interest5.02
Basic Shares Quantity149,000,000
Short % of Basic Shares10.7%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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%
11/7/20245.1%10.4%7.9%
8/8/20248.5%7.3%4.7%
5/2/2024-8.8%-4.7%6.4%
2/15/2024-13.8%-26.2%-21.6%
11/2/202314.0%18.3%30.5%
...
SUMMARY STATS   
# Positive91113
# Negative151311
Median Positive8.5%9.7%9.5%
Median Negative-4.0%-4.9%-15.0%
Max Positive14.0%21.6%88.7%
Max Negative-21.1%-26.2%-41.5%

SEC Filings

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Report DateFiling DateFiling
6302025807202510-Q 6/30/2025
3312025512202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241107202410-Q 9/30/2024
6302024808202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023222202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023809202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022505202210-Q 3/31/2022
12312021228202210-K 12/31/2021
93020211104202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0HANDLER DAVID A 8122025Buy16.9620,000339,3005,817,994Form
1HANDLER DAVID A 5222025Buy14.8310,000148,2644,788,052Form
2Snowden Jay ACEO and President5222025Buy14.7034,000499,76615,913,505Form
3Rogers Christopher ByronSee Remarks5122025Buy16.003,73759,7921,459,472Form

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