Tearsheet

PENN Entertainment (PENN)

Market Price (9/16/2025): $18.82 | Market Cap: $2.8 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

PENN Entertainment (PENN)

Market Price (9/16/2025): $18.82
Market Cap: $2.8 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights

0	Weak multi-year price returns 2Y Excs Rtn is -61%, 3Y Excs Rtn is -107%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 372%
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 12%	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 -7.2%

0	Weak multi-year price returns 2Y Excs Rtn is -61%, 3Y Excs Rtn is -107%
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 12%
2	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 372%
3	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.0%
4	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 -7.2%

Market Valuation

	9/16/25	2024	2023	2022	2021
Share Price CYE	$18.82	$19.82	$26.02	$29.70	$51.85
Market Cap CYE ($ Bil)	2.8	3.0	3.9	4.6	8.7
Total Debt ($ Bil)	11.1	11.2	11.5	12.9	11.6
Total Cash ($ Bil)	0.7	0.7	1.1	1.6	1.9
Enterprise Value ($ Bil)	13.2	14.2	15.4	17.5	20.3
Valuation Ratios
P/S TTM	0.4	0.5	0.6	0.8	1.4
P/EBIT TTM	7.0	23.3	-113.4	5.1	7.5
P/E TTM	-37.1	-9.7	-8.1	21.6	19.6
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9	0.8	1.3
P/EBIT TTM (Sector)	7.3	6.9	7.0	5.5	7.4
P/E TTM (Sector)	9.6	8.1	8.9	7.3	9.2

	9/16/25	2024	2023
Share Price CYE	$18.82	$19.82	$26.02
Market Cap CYE ($ Bil)	2.8	3.0	3.9
Total Debt ($ Bil)	11.1	11.2	11.5
Total Cash ($ Bil)	0.7	0.7	1.1
Enterprise Value ($ Bil)	13.2	14.2	15.4
Valuation Ratios
P/S TTM	0.4	0.5	0.6
P/EBIT TTM	7.0	23.3	-113.4
P/E TTM	-37.1	-9.7	-8.1
Sector Ratios
P/S TTM (Sector)	0.8	0.8	0.9
P/EBIT TTM (Sector)	7.3	6.9	7.0
P/E TTM (Sector)	9.6	8.1	8.9

Stock Price
Market Cap

Stock Price Chart

Return (1Y):

Market Cap Chart

Business Description

Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and racing properties, and operates video gaming terminals. It operates through five segments: Northeast, South, West, Midwest, Interactive. The company offers casino gaming, online gaming, live racing, sports betting, and digital sports content. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
PENN Return	238%	-40%	-43%	-12%	-24%	-5%	-23%
Peers Return	-4%	29%	-21%	23%	-2%	14%	34%
S&P 500 Return	16%	27%	-19%	24%	23%	12%	104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: WYNN, MGM, BYD, HGV, PK. See PENN Returns vs. Peers.
[3] 2025 data is for the year up to 9/15/2025 (YTD)

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	PENN Entertainment Earnings Notes
2	PENN Entertainment vs UnitedHealth: Which Is A Better Investment?	Counter-Intuitive Comparisons
3	PENN Entertainment vs General Motors: Which Is A Better Investment?	Counter-Intuitive Comparisons
4	PENN Entertainment vs Churchill Downs: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	How Does PENN Stack Up Against Its Peers?	Peer Comparison
6	Better Bet Than PENN Stock: Pay Less Than PENN Entertainment To Get More From CALM, SKYW
7	PENN Dip Buy Analysis
8	PENN Entertainment Total Shareholder Return (TSR): -23.8% in 2024 and -27.4% 3-yr compounded annual returns (below peer average)
9	PENN Entertainment (PENN) Operating Cash Flow Comparison	Financials
10	PENN Entertainment (PENN) Net Income Comparison	Financials

	Title
0	ARTICLES
1	PENN Entertainment Earnings Notes
2	PENN Entertainment vs UnitedHealth: Which Is A Better Investment?
3	PENN Entertainment vs General Motors: Which Is A Better Investment?
4	PENN Entertainment vs Churchill Downs: Which Is A Better Investment?
5	How Does PENN Stack Up Against Its Peers?
6	Better Bet Than PENN Stock: Pay Less Than PENN Entertainment To Get More From CALM, SKYW
7	PENN Dip Buy Analysis
8	PENN Entertainment Total Shareholder Return (TSR): -23.8% in 2024 and -27.4% 3-yr compounded annual returns (below peer average)
9	PENN Entertainment (PENN) Operating Cash Flow Comparison
10	PENN Entertainment (PENN) Net Income Comparison

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	11963.5%	11963.5%
2	GIBO	GIBO	7309.3%
3	CHSN	Chanson International	5551.3%	-99.3%
4	LNZA	LanzaTech Global	5145.9%	-85.7%
5	QMMM	QMMM	2490.3%	5505.5%
6	NXTT	Next Technology	2167.7%	1080.3%
7	VTAK	Catheter Precision	1543.9%	-70.5%
8	CURX	Curanex Pharmaceuticals	1282.0%	1282.0%
9	VCIG	VCI Global	1278.3%	-66.8%
10	OCTO	Eightco	800.6%	562.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	CJET	Chijet Motor	-93.3%	-95.1%
2	ELPW	Elong Power	-92.4%	-76.5%
3	STFS	Star Fashion Culture	-92.1%	-97.9%
4	ETS	Elite Express	-92.0%	-92.0%
5	NAKA	Kindly MD	-91.7%
6	BINI	Bollinger Innovations	-90.5%	-100.0%
7	FLYE	Fly-E	-89.8%	-81.2%
8	JEM	707 Cayman	-89.8%	-98.3%
9	NUTR	NusaTrip	-86.7%	-86.7%
10	CUPR	Cuprina	-84.9%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	NXTT	Next Technology	18947.6%	1080.3%
2	VCIG	VCI Global	2528.6%	-66.8%
3	BDSX	Biodesix	1926.1%	-75.2%
4	CLSD	Clearside Biomedical	1136.3%	-72.3%
5	SDOT	Sadot	1033.9%	-78.2%
6	CHEK	Check-Cap	184.2%	114.2%
7	ATCH	AtlasClear	153.8%	-89.7%
8	HSDT	Helius Medical Technologies	141.7%	-96.4%
9	MTVA	MetaVia	115.5%	-26.1%
10	IHT	InnSuites Hospitality Trust	66.0%	54.9%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	ATYR	aTyr Pharma	-83.2%	-72.0%
2	NAKA	Kindly MD	-55.4%
3	REX	REX American Resources	-49.8%	-26.7%
4	FAAS	DigiAsia	-39.2%	-83.2%
5	EVTV	Envirotech Vehicles	-32.8%	-77.4%
6	WLDS	Wearable Devices	-30.0%	-24.4%
7	ZONE	CleanCore Solutions	-29.5%	107.8%
8	CGTX	Cognition Therapeutics	-29.0%	119.6%
9	SIDU	Sidus Space	-28.7%	-80.8%
10	BNGO	Bionano Genomics	-28.6%	-84.0%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NXTT	Next Technology	18985.5%	1080.3%
2	BDSX	Biodesix	1658.4%	-75.2%
3	VCIG	VCI Global	1460.0%	-66.8%
4	CLSD	Clearside Biomedical	1075.2%	-72.3%
5	SDOT	Sadot	806.7%	-78.2%
6	WLDS	Wearable Devices	539.8%	-24.4%
7	QMMM	QMMM	536.6%	5505.5%
8	ATCH	AtlasClear	382.9%	-89.7%
9	OPI	Office Properties Income Trust	274.5%	-8.3%
10	CWD	CaliberCos	246.5%	-46.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	DGNX	Diginex	-83.7%
2	ATYR	aTyr Pharma	-81.4%	-72.0%
3	LGCL	Lucas GC	-73.2%	-78.3%
4	NAKA	Kindly MD	-72.8%
5	OCTO	Eightco	-67.8%	562.1%
6	YYGH	YY	-67.0%	-78.2%
7	SNTG	Sentage	-58.1%	57.5%
8	REX	REX American Resources	-50.7%	-26.7%
9	BINI	Bollinger Innovations	-49.2%	-100.0%
10	SLXN	Silexion Therapeutics	-49.2%	-88.0%

Peer Comparisons for PENN Entertainment

Financials

	PENN	WYNN	MGM	BYD	HGV	PK	Median
Name	PENN Ent.	Wynn Res.	MGM Reso.	Boyd Gam.	Hilton G.	Park Hot.
Mkt Price	18.83	122.85	35.64	83.47	45.55	12.07	40.59
Mkt Cap	2.8	12.7	9.7	7.1	4.4	2.4	5.7
Rev LTM	6,746	6,970	17,212	3,961	4,973	2,576	5,859
Op Inc LTM	244	1,271	1,485	941	628	249	784
FCF LTM	-201	743	1,295	482	208	188	345
FCF 3Y Avg	35	660	1,321	568	273	199	421
CFO LTM	498	1,297	2,532	963	347	414	730
CFO 3Y Avg	492	1,100	2,357	957	379	448	725

Growth & Margins

	PENN	WYNN	MGM	BYD	HGV	PK	Median
Name	PENN Ent.	Wynn Res.	MGM Reso.	Boyd Gam.	Hilton G.	Park Hot.
Rev Chg LTM	7.3%	-1.9%	0.9%	6.1%	18.4%	-3.2%	3.5%
Rev Chg 3Y Avg	2.6%	22.9%	13.6%	4.5%	20.8%	9.0%	11.3%
Rev Chg Q	6.1%	0.3%	1.8%	3.2%	-0.7%	-2.0%	1.0%
QoQ Delta Rev Chg LTM	1.5%	0.1%	0.5%	0.8%	-0.2%	-0.5%	0.3%
Op Mgn LTM	3.6%	18.2%	8.6%	23.7%	12.6%	9.7%	11.1%
Op Mgn 3Y Avg	5.9%	14.6%	3.5%	26.1%	16.0%	11.6%	13.1%
QoQ Delta Op Mgn LTM	0.2%	0.1%	-0.6%	-0.1%	-1.8%	-2.5%	-0.4%
CFO/Rev LTM	7.4%	18.6%	14.7%	24.3%	7.0%	16.1%	15.4%
CFO/Rev 3Y Avg	7.5%	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 Avg	0.5%	9.9%	8.1%	15.1%	6.4%	7.5%	7.8%

Valuation

	PENN	WYNN	MGM	BYD	HGV	PK	Median
Name	PENN Ent.	Wynn Res.	MGM Reso.	Boyd Gam.	Hilton G.	Park Hot.
Mkt Cap	2.8	12.7	9.7	7.1	4.4	2.4	5.7
P/S	0.4	1.8	0.6	1.8	0.9	0.9	0.9
P/EBIT	7.0	11.4	7.3	7.8	9.3	8.1	7.9
P/E	-37.1	33.1	18.1	12.9	127.9	41.4	25.6
P/CFO	5.6	9.8	3.8	7.4	12.5	5.8	6.6
Total Yield	-2.7%	4.3%	5.5%	8.2%	0.8%	14.3%	4.9%
Dividend Yield	0.0%	1.2%	0.0%	0.4%	0.0%	11.9%	0.2%
FCF Yield 3Y Avg	-0.1%	6.6%	10.7%	8.9%	6.0%	7.8%	7.2%
D/E	4.0	1.0	3.2	0.6	1.6	2.0	1.8
Net D/E	3.7	0.8	3.0	0.5	1.6	1.9	1.7

Returns

	PENN	WYNN	MGM	BYD	HGV	PK	Median
Name	PENN Ent.	Wynn Res.	MGM Reso.	Boyd Gam.	Hilton G.	Park Hot.
1M Rtn	3.2%	12.2%	-0.8%	1.1%	2.6%	10.6%	2.9%
3M Rtn	14.2%	39.0%	3.9%	11.9%	15.7%	19.6%	14.9%
6M Rtn	9.1%	42.8%	9.9%	20.8%	23.8%	7.9%	15.4%
12M Rtn	-5.4%	58.2%	-2.4%	37.6%	23.3%	-4.1%	10.5%
3Y Rtn	-38.4%	92.8%	6.8%	66.6%	17.8%	17.5%	17.6%
1M Excs Rtn	2.5%	8.0%	-4.2%	-2.6%	-1.6%	6.6%	0.4%
3M Excs Rtn	9.9%	35.6%	1.6%	3.8%	8.3%	14.2%	9.1%
6M Excs Rtn	-7.1%	25.9%	-5.1%	5.4%	13.1%	-5.8%	0.2%
12M Excs Rtn	-12.3%	44.7%	-18.4%	24.5%	9.5%	-20.6%	-1.4%
3Y Excs Rtn	-106.7%	39.4%	-60.5%	-8.4%	-51.0%	-50.7%	-50.8%

Comparison Analyses

	Title
0	How Does PENN Stack Up Against Its Peers?
1	Penn National Gaming vs. Boyd Gaming: With Return Forecast Of 61%, Penn National Gaming Is A Better Bet
2	Penn National Gaming vs. MGM Resorts: With Return Forecast Of 62%, Penn National Gaming Is A Better Bet
3	With 42% Gains On The Table, WYNN May Outshine PENN
4	Penn National Gaming vs. Churchill Downs: With Return Forecast Of 45%, Penn National Gaming Is A Better Bet
5	Penn National Gaming vs. Edwards Lifesciences: With Return Forecast Of 57%, Penn National Gaming Is A Better Bet
6	Penn National Gaming vs. Synopsys: With Return Forecast Of 57%, Penn National Gaming Is A Better Bet
7	Penn National Gaming vs. L3Harris Technologies: With Return Forecast Of 57%, Penn National Gaming Is A Better Bet
8	Penn National Gaming vs. ServiceNow: With Return Forecast Of 76%, ServiceNow Is A Better Bet
9	Penn National Gaming vs. Intuitive Surgical: With Return Forecast Of 54%, Intuitive Surgical Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End		12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date		2/27/2025	2/22/2024	2/23/2023	2/28/2022	2/26/2021	2/27/2020
Key Financials
Total Revenue	6,746	6,578	6,363	6,402	5,905	3,579	5,301
Ebitda	837	563	400	1,501	1,446	77	1,036
Operating Income	244	162	364	1,092	1,060	213	745
Net Income	-76	-312	-490	222	421	-670	44
EPS	-0.51	-2.05	-3.22	1.37	2.64	-5.00	0.38
Growth Rates
Total Revenue Growth	7.3%	3.4%	-0.6%	8.4%	65.0%	-32.5%	47.8%
EBITDA Growth	254.1%	40.6%	-73.3%	3.8%	1788.3%	-92.6%	15.3%
Operating Income Growth	1914.9%	-55.6%	-66.7%	3.1%	397.0%	-71.4%	11.4%
Net Income Growth	93.8%	36.4%	-320.6%	-47.2%	162.9%	-1625.1%	-53.0%
Margins
EBITDA Margin	12.4%	8.6%	6.3%	23.4%	24.5%	2.1%	19.5%
Operating Income Margin	3.6%	2.5%	5.7%	17.1%	17.9%	6.0%	14.1%
Net Income Margin	-1.1%	-4.7%	-7.7%	3.5%	7.1%	-18.7%	0.8%
Cash & Debt
Total Cash	672	707	1,072	1,624	1,864	1,854	437
Total Debt	11,095	11,249	11,542	12,909	11,605	11,158	11,328
Net Debt / (Cash)	10,423	10,543	10,470	11,285	9,741	9,304	10,891
Cash Flows
Net Cash from Operations	498	359	456	878	896	339	704
Free Cash from Operations	-201	-181	74	606	628	197	502
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	115	-0	150	601	-0	-0	25

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/7/2025	5/12/2025	2/27/2025	11/7/2024	8/8/2024	5/2/2024	2/22/2024	11/2/2023	8/9/2023	5/4/2023	2/23/2023	11/3/2022
Key Financials Quarterly
Total Revenue	1,765	1,672	1,669	1,639	1,663	1,607	1,395	1,619	1,675	1,673	1,586	1,625
Ebitda	194	378	72	192	198	100	-178	-664	339	903	406	288
Operating Income	92	43	41	68	74	-21	-178	137	206	199	256	241
Net Income	-17	112	-133	-37	-27	-115	-358	-725	78	514	21	124
EPS	-0.12	0.73	-0.88	-0.24	-0.18	-0.76	-2.37	-4.80	0.51	3.35	0.13	0.78
Key Financials TTM
Total Revenue TTM	6,746	6,644	6,578	6,304	6,285	6,296	6,363	6,553	6,559	6,511	6,402	6,389
Ebitda TTM	837	840	563	313	-543	-402	400	985	1,936	2,025	1,501	1,389
Operating Income TTM	244	226	162	-57	12	143	364	798	902	999	1,092	1,062
Net Income TTM	-76	-85	-312	-536	-1,224	-1,120	-490	-112	737	685	222	246
Growth Rates Quarterly
Total Revenue Growth	6.1%	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 Growth	24.2%	300.0%	123.1%	-50.7%	-63.7%	-110.7%	-169.3%	-43.3%	-32.0%	-31.8%	13.4%	0.9%
Net Income Growth	35.1%	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 Margin	11.0%	22.6%	4.3%	11.7%	11.9%	6.2%	-12.8%	-41.0%	20.2%	54.0%	25.6%	17.7%
Operating Income Margin	5.2%	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 Cash	672	592	707	834	878	904	1,072	1,318	1,272	1,311	1,624	1,728
Total Debt	11,095	11,010	11,249	11,317	11,412	11,450	11,542	11,499	11,622	11,662	12,909	12,917
Net Debt / (Cash)	10,423	10,418	10,543	10,483	10,534	10,546	10,470	10,181	10,351	10,351	11,285	11,188
Cash Flows Quarterly
FCF from Operations	178	42	103	175	150	-69	-85	217	176	148	118	324
Cash Flows TTM
FCF from Operations TTM	498	470	359	172	214	240	456	659	766	801	878	877
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	90	25	-0	-0	-0	-0	-0	-0	100	50	91	168
Return on Invested Capital (ROIC) Quarterly
ROIC	2.8%	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 TTM	1.9%	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

$ Mil	2024	2023	2022	2021	2020
Gaming	4,906	5,202	4,945	3,051	4,269
Other	799	541	405	156	210
Food and beverage	411	397	323	224	512
Hotel	247	262	231	147	311
Total	6,363	6,402	5,905	3,579	5,301

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$18.83
Market Cap ($ Bil)	2.8
First Trading Date	05/26/1994
Distance from 52W High	-17.2%
	50 Days	200 Days
DMA Price	$18.64	$18.17
DMA Trend	indeterminate	up
Distance from DMA	1.0%	3.7%
	3M	1YR
Volatility	37.4%	49.7%
Downside Capture	91.28	126.25
Upside Capture	117.72	99.16
Correlation (SPY)	32.6%	58.3%

PENN Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.45	1.40	1.59	1.65	1.50	1.58
Up Beta	-0.39	0.24	0.48	1.61	1.58	1.60
Down Beta	1.55	0.82	2.30	1.85	1.78	1.56
Up Capture	116%	242%	261%	154%	128%	285%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	13	23	36	60	120	359
Down Capture	-69%	209%	124%	145%	115%	108%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	8	18	26	64	126	388

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

Short Interest

Short Interest: As Of Date	8292025
Short Interest: Shares Quantity	17,392,159
Short Interest: % Change Since 8152025	-9.0%
Average Daily Volume	3,358,295
Days-to-Cover Short Interest	5.18
Basic Shares Quantity	149,000,000
Short % of Basic Shares	11.7%

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D 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%
11/7/2024	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%
11/2/2023	14.0%	18.3%	30.5%
...
SUMMARY STATS
# Positive	9	11	13
# Negative	15	13	11
Median Positive	8.5%	9.7%	9.5%
Median Negative	-4.0%	-4.9%	-15.0%
Max Positive	14.0%	21.6%	88.7%
Max Negative	-21.1%	-26.2%	-41.5%

	Forward 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%
11/7/2024	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%
11/2/2023	14.0%	18.3%	30.5%
8/9/2023	9.1%	-2.7%	-11.5%
5/4/2023	-13.6%	-14.9%	-12.3%
2/2/2023	-5.4%	-7.5%	-13.1%
11/3/2022	-5.1%	-1.8%	6.7%
8/4/2022	-4.0%	-2.3%	-16.5%
5/5/2022	-5.6%	-24.4%	-15.0%
2/3/2022	-0.7%	11.3%	1.5%
11/4/2021	-21.1%	-22.6%	-34.0%
8/5/2021	-0.6%	1.3%	13.0%
5/6/2021	3.2%	-9.3%	0.4%
2/4/2021	8.9%	-4.9%	-7.7%
10/29/2020	-3.2%	17.4%	25.6%
8/6/2020	11.7%	21.6%	23.5%
5/7/2020	1.4%	-2.5%	88.7%
2/6/2020	-1.7%	9.7%	-41.5%
10/31/2019	0.6%	2.7%	9.5%
SUMMARY STATS
# Positive	9	11	13
# Negative	15	13	11
Median Positive	8.5%	9.7%	9.5%
Median Negative	-4.0%	-4.9%	-15.0%
Max Positive	14.0%	21.6%	88.7%
Max Negative	-21.1%	-26.2%	-41.5%

SEC Filings

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Report Date	Filing Date	Filing
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
9302021	11042021	10-Q 9/30/2021

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	HANDLER DAVID A		8122025	Buy	16.96	20,000	339,300	5,817,994	Form
1	HANDLER DAVID A		5222025	Buy	14.83	10,000	148,264	4,788,052	Form
2	Snowden Jay A	CEO and President	5222025	Buy	14.70	34,000	499,766	15,913,505	Form
3	Rogers Christopher Byron	See Remarks	5122025	Buy	16.00	3,737	59,792	1,459,472	Form
4	HANDLER DAVID A		9122024	Buy	17.51	10,000	175,100	5,138,310	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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PENN Entertainment (PENN)

Market Price (9/16/2025): $18.82 | Market Cap: $2.8 BilSector: Consumer Discretionary | Industry: Casinos & Gaming

PENN Entertainment (PENN)

Market Price (9/16/2025): $18.82Market Cap: $2.8 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming

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Market Price (9/16/2025): $18.82 | Market Cap: $2.8 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

Market Price (9/16/2025): $18.82
Market Cap: $2.8 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming