PENN - NASDAQ

PENN Entertainment, Inc.

PENN·NASDAQ

$19.65

-2.9%

Consumer CyclicalGambling, Resorts & Casinos

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.63B

EPS-5.8300

P/E Ratio-3.37

Earnings Date08/06/2026

14.27B

Assets

-7%

3Y-18.0%

5Y-3.0%

10Y+187.0%

12.44B

Total Liabilities

3Y-11.0%

5Y+4.0%

10Y+125.0%

1.83B

Total Equity

-36%

3Y-49.0%

5Y-31.0%

10Y-436.0%

PENN Entertainment, Inc. Funding & Solvency Profile

PENN · NASDAQ

Current Assets

Cash & Cash Equivalents686.60M

Net Receivables254.20M

Inventory0.00

Other Current Assets225.30M

Total Current Assets1 B

Non-Current Assets

Property, Plant & Equipment9.61B

Goodwill & Intangible Assets3.19B

Long-Term Investments79.40M

Other Non-Current Assets223.90M

Total Non-Current Assets10 B

Total Assets

14.27B

Financial Health Analysis

Current Ratio

0.79x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

6.81x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-309400000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

8% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

PENN Entertainment, Inc. Balance Sheet

PENN • NASDAQ

PENN Entertainment, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	686.6M	706.6M	1.1B	1.6B	1.9B	1.9B	437.4M	479.6M	278M	229.5M	237M	208.7M	293M	260.5M	238.4M	246.4M	713.1M	746.3M	174.4M	168.5M
Cash & Short-Term Investments	686.6M	706.6M	1.1B	1.6B	1.9B	1.9B	437.4M	479.6M	278M	229.5M	237M	208.7M	293M	260.5M	238.4M	246.4M	713.1M	746.3M	174.4M	168.5M
Net Receivables	254.2M	256.8M	319M	246.4M	195M	96.4M	88.7M	106.8M	62.8M	61.9M	45.2M	41.6M	52.5M	53.7M	56.5M	44.5M	80.2M	43.6M	56.4M	153.8M
Accounts Receivables	254.2M	256.8M	319M	246.4M	195M	96.4M	88.7M	38.1M	62.8M	61.9M	45.2M	41.6M	52.5M	53.7M	55.5M	44.5M	46.7M	43.6M	56.4M	53.8M
Other Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.1M	0.0	33.5M	0.0	0.0	100M
Inventory	0.0	0.0	0.0	106.1M	132.3M	0.0	76.7M	63M	43.8M	59.7M	76.8M	124.5M	133.8M	134.4M	72.1M	97.6M	0.0	0.0	0.0	0.0
Prepaids	0.0	152.3M	225.6M	106.1M	132.3M	103.5M	76.7M	63M	43.8M	59.7M	76.8M	70.8M	53.1M	94.6M	39.8M	72.4M	70.9M	95.4M	52.8M	57.4M
Other Current Assets	225.3M	38.7M	42.6M	-69.2M	-99.9M	31.3M	-36.7M	28.3M	16.5M	48.2M	13.5M	11.2M	70.9M	78.3M	81M	102.7M	64.6M	116.5M	71.9M	22.2M
Total Current Assets	1.2B	1.2B	1.7B	2B	2.2B	2.1B	642.8M	677.7M	401M	399.3M	372.5M	386M	508.9M	487.1M	415.8M	466M	938.4M	906.3M	302.7M	402M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	9.6B	9.7B	9.8B	10.6B	9.4B	9.3B	10B	6.9B	2.8B	2.8B	3B	769.1M	497.5M	2.7B	2.3B	2B	1.8B	1.8B	1.7B	1.4B
Goodwill	1.8B	2.6B	2.7B	2.7B	2.8B	1.2B	1.3B	1.2B	1B	989.7M	911.9M	277.6M	492.4M	1.4B	1.2B	1.2B	1.4B	1.6B	2B	1.9B
Intangible Assets	1.4B	1.5B	1.6B	1.7B	1.9B	1.5B	2B	1.9B	422.6M	435.5M	391.4M	370.6M	359.6M	706.5M	421.6M	415.2M	377M	693.8M	777.4M	726.1M
Goodwill & Intangible Assets	3.2B	4.1B	4.3B	4.4B	4.7B	2.7B	3.3B	3.1B	1.4B	1.4B	1.3B	648.1M	852M	2.1B	1.6B	1.6B	1.8B	2.3B	2.8B	2.6B
Long-Term Investments	79.4M	86.2M	84.9M	248.6M	255.1M	266.8M	128.3M	128.5M	148.9M	156.2M	168.1M	179.6M	193.3M	204.5M	174.1M	64.1M	26.3M	14.4M	16M	16M
Tax Assets	0.0	0.0	0.0	33.9M	189.1M	126.3M	244.6M	80.6M	390.9M	126.9M	107.9M	79.1M	71.1M	39.8M	32.3M	25.2M	23.6M	21.1M	19.1M	22.2M
Other Non-Current Assets	223.9M	232M	187.3M	159M	74M	171.6M	-75.9M	120.2M	106.6M	46.6M	206.8M	174.5M	61.2M	94.7M	105M	340.9M	129.8M	143.4M	150.3M	112.5M
Total Non-Current Assets	13.1B	14.1B	14.4B	15.5B	14.6B	12.6B	13.6B	10.3B	4.8B	4.6B	4.8B	1.9B	1.7B	5.2B	4.2B	4B	3.8B	4.3B	4.7B	4.1B
Total Assets	14.3B	15.3B	16.1B	17.5B	16.9B	14.7B	14.2B	11B	5.2B	5B	5.1B	2.2B	2.2B	5.6B	4.6B	4.5B	4.7B	5.2B	5B	4.5B
LIABILITIES
CURRENT LIABILITIES
Total Payables	54.2M	50.8M	36.6M	40.1M	53.3M	33.2M	40.3M	30.5M	26M	35.1M	72.8M	43.1M	22.6M	93.9M	45.3M	17.3M	19.9M	35.5M	28.6M	37.9M
Accounts Payable	54.2M	50.8M	36.6M	40.1M	53.3M	33.2M	40.3M	30.5M	26M	35.1M	72.8M	43.1M	22.6M	38.3M	39.6M	17.3M	19.9M	35.5M	28.6M	37.9M
Other Payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	55.6M	5.7M	0.0	0.0	0.0	0.0	0.0
Accrued Expenses	0.0	762.9M	639.7M	671.8M	597.5M	437.7M	222.2M	203.3M	176M	92.2M	98.7M	84M	86.6M	251.6M	85.3M	73.4M	65.6M	55.4M	54.1M	60.2M
Short Term Debt	469.9M	38.2M	47.6M	56.2M	99.5M	81.4M	62.9M	62.1M	35.6M	85.6M	92.1M	30.9M	27.6M	81.5M	44.6M	357.9M	86.1M	105.3M	93.5M	40.1M
Capital Lease Obligations (Current)	0.0	418.8M	383.9M	257.7M	181.9M	170.3M	171.1M	67.8M	56.2M	56.6M	50.5M	46.9M	42M	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	0.0	0.0	110.2M	103.6M	75M	103.3M	105.8M	69.6M	60.4M	57.5M	52.1M	52.1M	55.6M	55.3M	46.4M	38.9M	0.0	3.6M	21M
Deferred Revenue	0.0	181.1M	0.0	165.1M	189.1M	126.3M	484.2M	465.4M	320.1M	260.9M	256.9M	272.1M	241.6M	307.2M	272.2M	257.9M	276.4M	242.3M	274.4M	222.4M
Other Current Liabilities	951.4M	-36.7M	382.2M	-32.2M	11.9M	11.1M	-75.1M	374.8M	236.1M	266.8M	243.6M	279.7M	229.7M	72.6M	251.2M	242.9M	258.7M	274.3M	317.7M	277.5M
Total Current Liabilities	1.5B	1.4B	1.5B	1.2B	1.1B	860M	905.6M	738.4M	530M	536.3M	557.8M	435.5M	361.5M	499.6M	426.3M	691.5M	430.3M	470.5M	493.9M	415.7M
NON-CURRENT LIABILITIES
Long Term Debt	7.9B	2.7B	2.7B	2.7B	2.6B	2.2B	2.3B	2.4B	4.7B	4.8B	5.1B	1.2B	1B	2.6B	2B	1.8B	2.2B	2.3B	2.9B	2.8B
Deferred Revenue (Non-Current)	0.0	0.0	60.6M	46.2M	0.0	0.0	0.0	-1.9B	-542.8M	26.8M	0.0	0.0	20M	20.4M	0.0	0.0	0.0	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	87.8M	61M	117.6M	33.9M	189.1M	126.3M	244.6M	1.9B	542.8M	126.9M	107.9M	0.0	13.9M	216.4M	201.4M	171.4M	173.8M	334.2M	385.1M	387.6M
Other Non-Current Liabilities	3B	135M	85.7M	71.7M	129M	119.4M	98M	60.7M	-3.4B	-3.3B	-3.5B	97.9M	99.8M	28.1M	42.2M	45.8M	54.5M	71.4M	79.4M	243K
Total Non-Current Liabilities	11B	11B	11.4B	12.7B	11.6B	11.2B	11.4B	9.5B	4.8B	5B	5.3B	1.2B	1.1B	2.9B	2.2B	2B	2.4B	2.7B	3.4B	3.2B
Capital Lease Obligations	0.0	8.5B	8.8B	10.1B	8.9B	8.8B	4.8B	7.1B	3.5B	3.5B	3.6B	3.6B	3.5B	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	12.4B	12.4B	12.9B	13.9B	12.8B	12B	12.3B	10.2B	5.3B	5.5B	5.8B	1.7B	1.4B	3.4B	2.6B	2.7B	2.9B	3.1B	3.8B	3.6B
SHAREHOLDERS' EQUITY
Treasury Stock	0.0	-779.5M	-779.5M	-629.5M	-28.4M	-28.4M	-28.4M	-28.4M	-28.4M	-28.4M	-28.4M	-28.4M	-28.4M	0.0	0.0	0.0	0.0	0.0	-2.4M	-2.4M
Preferred Stock	0.0	0.0	0.0	19.4M	25.8M	23.1M	0.0	0.0	453K	0.0	0.0	282K	0.0	0.0	0.0	0.0	28K	0.0	0.0	0.0
Common Stock	1.8M	1.8M	1.8M	1.7M	1.7M	1.6M	1.2M	1.2M	933K	932K	830K	786K	775K	769K	756K	779K	786K	782K	887K	868K
Additional Paid-In Capital	0.0	4.5B	4.4B	4.2B	4.2B	3.2B	1.7B	1.7B	1B	1B	988.7M	956.1M	925.3M	1.5B	1.4B	1.4B	1.5B	1.4B	322.8M	251.9M
Retained Earnings	-1.5B	-647M	-335.5M	154.5M	-86.5M	-507.3M	161.6M	-967.9M	-1.1B	-1.5B	-1.6B	-363.4M	-130.3M	795.2M	583.2M	337.9M	397.4M	662.4M	815.7M	667.6M
Accumulated Other Comprehensive Income/Loss	-193.3M	-255M	-121.3M	-168.6M	-54.4M	0.0	0.0	-2.4B	-1.5M	-4.7M	-4.6M	-1.3M	383K	3M	2.3M	-7.9M	-26M	-48.7M	-16M	3.2M
Other Total Stockholders' Equity	3.5B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	1.8B	2.9B	3.2B	3.6B	4.1B	2.7B	1.9B	731.2M	-73.1M	-543.3M	-678M	554.5M	758.4M	2.3B	2B	1.8B	1.9B	2.1B	1.1B	921.2M
Total Equity	1.8B	2.9B	3.2B	3.6B	4.1B	2.7B	1.9B	731.2M	-73.1M	-543.3M	-678M	554.5M	758.4M	2.3B	2B	1.8B	1.9B	2.1B	1.1B	921.2M
Minority Interest	-6.5M	-4.3M	-2.5M	-1.1M	-700K	-400K	-800K	-5K	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-565K	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	14.3B	15.3B	16.1B	17.5B	16.9B	14.7B	14.2B	11B	5.2B	5B	5.1B	2.2B	2.2B	5.6B	4.6B	4.5B	4.7B	5.2B	5B	4.5B
Total Investments	79.4M	86.2M	84.9M	248.6M	255.1M	266.8M	128.3M	128.5M	148.9M	156.2M	168.1M	179.6M	193.3M	204.5M	174.1M	64.1M	26.3M	14.4M	16M	16M
Total Debt	8.4B	11.2B	11.5B	12.9B	11.6B	11.2B	11.3B	9.6B	4.8B	4.9B	5.3B	1.3B	1.1B	2.7B	2B	2.2B	2.3B	2.4B	3B	2.8B
Net Debt	7.7B	10.5B	10.5B	11.3B	9.7B	9.3B	10.9B	9.1B	4.5B	4.7B	5B	1.1B	757.8M	2.5B	1.8B	1.9B	1.6B	1.7B	2.8B	2.7B
Shares Outstanding	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657	149,173,657

SEC Filings

PENN - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 28, 2026	May 28, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 29, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 27, 2026	June 16, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 23, 2026	April 23, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 16, 2026	April 16, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 16, 2026	March 16, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 26, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 26, 2026	February 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 23, 2026	February 22, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 09, 2026	January 05, 2026	2026	View Filing

Showing 1 to 10 of 508 filings

Related Guides

Blog Categories

Continue your PENN research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.