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Caesars Entertainment vs Penn Entertainment: CZR and PENN compared
Caesars Entertainment is the larger company: $2.9B of revenue in its latest quarter (Q3 2026) against $1.8B for Penn Entertainment (Q3 2026). Penn Entertainment is growing faster (+7% against +2% a year earlier). Caesars Entertainment is more profitable, with an operating margin of 15.5% against 6.9%.
Where the money goes: CZR and PENN
Caesars Entertainment (CZR) · Q3 2026
Caesars Entertainment, Q3 2026: revenue $2.9B (+2% year over year), operating margin 15.5%, net loss $107M, operating cash flow $267M. The chart follows the revenue to costs, profit and cash.
Penn Entertainment (PENN) · Q3 2026
Penn Entertainment, Q3 2026: revenue $1.8B (+7% year over year), operating margin 6.9%, net earnings $32.6M, operating cash flow $263M. The chart follows the revenue to costs, profit and cash.
| Caesars Entertainment (CZR) | Penn Entertainment (PENN) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $2.9B | $1.8B |
| Revenue growth, Y/Y | +2% | +7% |
| Operating margin | 15.5% | 6.9% |
| Net earnings | −$107M | $32.6M |
| Net margin | -3.6% | 1.8% |
| Operating cash flow | $267M | $263M |
| Free cash flow | $95.0M | $204M |
| Market value | $6.0B | $2.3B |
| Analysts’ mean target | $31.27 | $23.37 |
Where the revenue comes from
Caesars Entertainment
- Casino: $1.8B (60%)
- Hotel: $467M (16%)
- Food and beverage: $410M (14%)
- Other: $309M (11%)
Penn Entertainment
- Gaming: $1.4B (75%)
- Food, beverage, hotel, and other: $469M (25%)
Questions
Which is bigger, Caesars Entertainment or Penn Entertainment?
Caesars Entertainment is the larger company: $2.9B of revenue in its latest quarter (Q3 2026) against $1.8B for Penn Entertainment (Q3 2026).
Is Caesars Entertainment or Penn Entertainment growing faster?
Penn Entertainment is growing faster (+7% against +2% a year earlier).
Which is more profitable, Caesars Entertainment or Penn Entertainment?
Caesars Entertainment is more profitable, with an operating margin of 15.5% against 6.9%.
More: Caesars Entertainment earnings · how Caesars Entertainment makes money · Penn Entertainment earnings · how Penn Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 27, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.