CZR NASDAQ
Caesars Entertainment, Inc.
1W: -0.2%
1M: -2.0%
3M: -3.2%
YTD: +23.1%
1Y: +25.6%
3Y: -30.8%
5Y: -74.3%
$28.85
-0.14 (-0.48%)
After Hours: $28.88 (+0.03, +0.10%)
Weekly Expected Move ±1.2%
$28
$28
$29
$29
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Credit Risk of going bust: higher than 74% of companies Debt: 80.8% of company value Bonds: $725.2M held by 402 funds, 275 bp over Treasuries → details ▾
Of US companies ranked in the third-riskiest tenth, about 1 in 140 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $3.18 (down 89%), Caesars Entertainment, Inc. would be worth roughly what it owes.
Total debt $24.86B against a stock market value of $5.91B.
Distance to default 3.08 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $5.91B (short-term plus half of long-term), stock volatility 43.8%; Altman Z'' 0.09. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $3.18 (down 89%), Caesars Entertainment, Inc. would be worth roughly what it owes.
Total debt $24.86B against a stock market value of $5.91B.
Distance to default 3.08 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $5.91B (short-term plus half of long-term), stock volatility 43.8%; Altman Z'' 0.09. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Operating Cash Flow
$1.3B
+18.9% ▲
Capital Expenditures
$805M
+37.9% ▲
5Y CAGR: +37.5%
Free Cash Flow
$520M
+385.7% ▲
Dividends Paid
$0
+0.0% ▲
Buybacks
$229M
-19.9% ▼
Net Change in Cash
$11M
+106.6% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | -$989M | -$513M | $786M | -$278M | -$437M |
| Depreciation & Amort. | $1.2B | $1.3B | $1.3B | $1.3B | $1.4B |
| Stock-Based Comp. | $0 | $0 | $0 | $0 | $95M |
| Change in Working Capital | $271M | -$262M | -$60M | -$475M | -$201M |
| Other Non-Cash Items | $1.0B | $532M | $710M | $456M | $462M |
| Operating Cash Flow | $1.2B | $975M | $1.8B | $1.1B | $1.3B |
| — Investing Activities — | |||||
| Capital Expenditures | -$832M | -$963M | -$1.3B | -$1.3B | -$805M |
| Acquisitions (Net) | -$860M | $39M | $117M | $554M | $0 |
| Investment Purchases | -$39M | $0 | -$3M | $0 | $0 |
| Investment Sales | $239M | $126M | $4M | $14M | $8M |
| Other Investing | -$1.4B | $416M | $36M | $0 | $203M |
| Investing Cash Flow | -$2.9B | -$382M | -$1.1B | -$743M | -$594M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$1.1B | -$1.3B | -$733M | -$274M | -$415M |
| Stock Repurchased | $0 | $0 | $0 | -$191M | -$229M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | $544M | -$30M | -$96M | -$33M | -$119M |
| Financing Cash Flow | -$550M | -$1.3B | -$829M | -$498M | -$763M |
| Net Change in Cash | -$2.4B | -$220M | -$42M | -$166M | $11M |
| Cash End of Period | $1.4B | $1.2B | $1.1B | $961M | $972M |
| Free Cash Flow | $652M | $23M | $545M | -$182M | $520M |