Eldorado Resorts, Inc.

EDGAR

Annual consolidated revenue for 2025: about USD 11.49B, using the latest reported figures. The previous period, 2024, was about USD 11.25B.

Watchlist

Latest quarter

Revenue

2.94 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 2940000000 USD Source

Operating margin

15.54%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 457000000 USD Source
  • Revenue: 2940000000 USD Source

Operating cash flow

267 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 942000000 USD Source
  • Operating Cash Flow: 675000000 USD Source

Free cash flow

95 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 942000000 USD Source
  • Operating Cash Flow: 675000000 USD Source
  • Capital Expenditure: 507000000 USD Source
  • Capital Expenditure: 335000000 USD Source
Cash and cash equivalents
864 million USD Source
Exact value

864000000 USD

Long-term debt including current maturities
11.7 billion USD Source
Exact value

11659000000 USD

Shares outstanding
203 million shares Source
Exact value

202629159 shares

Reported share-count change

-4.11% · -8.7 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 211325086 shares · 2024-12-31· Source
  • 202629159 shares · 2025-12-31· Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-27.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 11 of 11 periods available· newest 2025-12-31
  • Total assets: 11 of 11 periods available· newest 2025-12-31
  • Total liabilities: 11 of 11 periods available· newest 2025-12-31
  • Current assets: 11 of 11 periods available· newest 2025-12-31
  • Current liabilities: 11 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-12-31
  • Long-term debt including current maturities: 10 of 11 periods available· newest 2025-12-31
  • Shares outstanding: 11 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +2.1%

    Prior period

    USD 11.25 billion

    –

    Current period

    USD 11.49 billion

    –

    Exact inputs and evidence

    11486000000 − 11245000000 = 241000000 USD

    11245000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    11486000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Net income

    −USD 224 million

    Prior period

    −USD 278 million

    –

    Current period

    −USD 502 million

    –

    Exact inputs and evidence

    -502000000 − -278000000 = -224000000 USD

    -278000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -502000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    +21.1%

    Prior period

    USD 1.08 billion

    –

    Current period

    USD 1.3 billion

    –

    Exact inputs and evidence

    1302000000 − 1075000000 = 227000000 USD

    1075000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1302000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Capital expenditure

    -37.9%

    Prior period

    USD 1.3 billion

    –

    Current period

    USD 805 million

    –

    Exact inputs and evidence

    805000000 − 1296000000 = -491000000 USD

    1296000000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    805000000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 11.49 billion 100% of revenue
  • Operating costs Derived USD 9.63 billion 84% of revenue
  • Operating income USD 1.86 billion 16% of revenue
  • Tax, interest and other Derived USD 2.36 billion 21% of revenue
  • Net income −USD 502 million −4.4% of revenue

Cash

  • Operating cash flow USD 1.3 billion 11% of revenue
  • Capital expenditure USD 805 million 7% of revenue
  • Free cash flow Derived USD 497 million 4.3% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 90%
  • 2017 94%
  • 2018 10%85%
  • 2019 13%84%
  • 2020 Operating loss: operating costs were 111% of revenue.
  • 2021 Net loss: net income was −11% of revenue.
  • 2022 Net loss: net income was −8.3% of revenue.
  • 2023 15%79%
  • 2024 Net loss: net income was −2.5% of revenue.
  • 2025 Net loss: net income was −4.4% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-31900465000 811765000 Derived 88700000 64173000 Derived 24527000 52199000 Derived
Source
2017 2017-01-01 – 2017-12-311480798000 1385988000 Derived 94810000 21430000 Derived 73380000 46725000 Derived
Source
2018 2018-01-01 – 2018-12-312056000000 1746000000 Derived 310000000 215000000 Derived 95000000 176000000 Derived
Source
2019 2019-01-01 – 2019-12-312528000000 2118000000 Derived 410000000 329000000 Derived 81000000 142000000 Derived
Source
2020 2020-01-01 – 2020-12-313628000000 4011000000 Derived -383000000 1374000000 Derived -1757000000 -725000000 Derived
Source
2021 2021-01-01 – 2021-12-319570000000 8110000000 Derived 1460000000 2479000000 Derived -1019000000 679000000 Derived
Source
2022 2022-01-01 – 2022-12-3110821000000 9082000000 Derived 1739000000 2638000000 Derived -899000000 41000000 Derived
Source
2023 2023-01-01 – 2023-12-3111528000000 9056000000 Derived 2472000000 1686000000 Derived 786000000 545000000 Derived
Source
2024 2024-01-01 – 2024-12-3111245000000 8941000000 Derived 2304000000 2582000000 Derived -278000000 -221000000 Derived
Source
2025 2025-01-01 – 2025-12-3111486000000 9628000000 Derived 1858000000 2360000000 Derived -502000000 497000000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 11.5B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12.5B9.3B6.2B3.1B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue900465000
2017Revenue1480798000
2018Revenue2056000000
2019Revenue2528000000
2020Revenue3628000000
2021Revenue9570000000
2022Revenue10821000000
2023Revenue11528000000
2024Revenue11245000000
2025Revenue11486000000

Revenue growth

Change in revenue from the same financial period one year earlier.

2.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.177%129%81%32%-16%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year25.1%
2017Year over year64.4%
2018Year over year38.8%
2019Year over year23%
2020Year over year43.5%
2021Year over year163.8%
2022Year over year13.1%
2023Year over year6.5%
2024Year over year-2.5%
2025Year over year2.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 16.2% 2025
Net margin -4.4% 2025
Free cash flow margin 4.3% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.27%7%-13%-34%-54%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin9.9%
2017Operating margin6.4%
2018Operating margin15.1%
2019Operating margin16.2%
2020Operating margin-10.6%
2021Operating margin15.3%
2022Operating margin16.1%
2023Operating margin21.4%
2024Operating margin20.5%
2025Operating margin16.2%
2016Net margin2.7%
2017Net margin5%
2018Net margin4.6%
2019Net margin3.2%
2020Net margin-48.4%
2021Net margin-10.6%
2022Net margin-8.3%
2023Net margin6.8%
2024Net margin-2.5%
2025Net margin-4.4%
2016Free cash flow margin5.8%
2017Free cash flow margin3.2%
2018Free cash flow margin8.6%
2019Free cash flow margin5.6%
2020Free cash flow margin-20%
2021Free cash flow margin7.1%
2022Free cash flow margin0.4%
2023Free cash flow margin4.7%
2024Free cash flow margin-2%
2025Free cash flow margin4.3%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.3B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.0B1.3B624.0M-63.3M-750.6M201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow95372000
2017Operating cash flow129886000
2018Operating cash flow323000000
2019Operating cash flow313000000
2020Operating cash flow-561000000
2021Operating cash flow1199000000
2022Operating cash flow993000000
2023Operating cash flow1809000000
2024Operating cash flow1075000000
2025Operating cash flow1302000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 497M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.791.3M384.2M-23.0M-430.2M-837.3M201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow52199000
2017Free cash flow46725000
2018Free cash flow176000000
2019Free cash flow142000000
2020Free cash flow-725000000
2021Free cash flow679000000
2022Free cash flow41000000
2023Free cash flow545000000
2024Free cash flow-221000000
2025Free cash flow497000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

88.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.96%72%48%24%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets76.9%
2017Liabilities / assets73.4%
2018Liabilities / assets82.6%
2019Liabilities / assets80.2%
2020Liabilities / assets86.2%
2021Liabilities / assets88.1%
2022Liabilities / assets88.8%
2023Liabilities / assets85.9%
2024Liabilities / assets86.6%
2025Liabilities / assets88.3%

Current assets to current liabilities

Current assets divided by current liabilities.

0.8× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.61×1.95×1.30×0.65×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1×
2017Current assets / current liabilities1.12×
2018Current assets / current liabilities1.43×
2019Current assets / current liabilities0.88×
2020Current assets / current liabilities2.41×
2021Current assets / current liabilities1.13×
2022Current assets / current liabilities0.79×
2023Current assets / current liabilities0.76×
2024Current assets / current liabilities0.77×
2025Current assets / current liabilities0.8×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
USD 24.53 million
Exact value

Exact value: 24527000 USD

2016-01-01 – 2016-12-31: 24527000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 95.37 million
Exact value

Exact value: 95372000 USD

2016-01-01 – 2016-12-31: 95372000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 43.17 million
Exact value

Exact value: 43173000 USD

2016-01-01 – 2016-12-31: 43173000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 52.2 million
Calculation and evidence

95372000 − 43173000 USD

Exact free cash flow: 52199000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2017 2017-01-01 – 2017-12-31
USD 73.38 million
Exact value

Exact value: 73380000 USD

2017-01-01 – 2017-12-31: 73380000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 129.89 million
Exact value

Exact value: 129886000 USD

2017-01-01 – 2017-12-31: 129886000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 83.16 million
Exact value

Exact value: 83161000 USD

2017-01-01 – 2017-12-31: 83161000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 46.73 million
Calculation and evidence

129886000 − 83161000 USD

Exact free cash flow: 46725000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2018 2018-01-01 – 2018-12-31
USD 95 million
Exact value

Exact value: 95000000 USD

2018-01-01 – 2018-12-31: 95000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 323 million
Exact value

Exact value: 323000000 USD

2018-01-01 – 2018-12-31: 323000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 147 million
Exact value

Exact value: 147000000 USD

2018-01-01 – 2018-12-31: 147000000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 176 million
Calculation and evidence

323000000 − 147000000 USD

Exact free cash flow: 176000000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2019 2019-01-01 – 2019-12-31
USD 81 million
Exact value

Exact value: 81000000 USD

2019-01-01 – 2019-12-31: 81000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 313 million
Exact value

Exact value: 313000000 USD

2019-01-01 – 2019-12-31: 313000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 171 million
Exact value

Exact value: 171000000 USD

2019-01-01 – 2019-12-31: 171000000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 142 million
Calculation and evidence

313000000 − 171000000 USD

Exact free cash flow: 142000000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2020 2020-01-01 – 2020-12-31
−USD 1.76 billion
Exact value

Exact value: -1757000000 USD

2020-01-01 – 2020-12-31: -1757000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 561 million
Exact value

Exact value: -561000000 USD

2020-01-01 – 2020-12-31: -561000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 164 million
Exact value

Exact value: 164000000 USD

2020-01-01 – 2020-12-31: 164000000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 725 million
Calculation and evidence

-561000000 − 164000000 USD

Exact free cash flow: -725000000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2021 2021-01-01 – 2021-12-31
−USD 1.02 billion
Exact value

Exact value: -1019000000 USD

2021-01-01 – 2021-12-31: -1019000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.2 billion
Exact value

Exact value: 1199000000 USD

2021-01-01 – 2021-12-31: 1199000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 520 million
Exact value

Exact value: 520000000 USD

2021-01-01 – 2021-12-31: 520000000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 679 million
Calculation and evidence

1199000000 − 520000000 USD

Exact free cash flow: 679000000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2022 2022-01-01 – 2022-12-31
−USD 899 million
Exact value

Exact value: -899000000 USD

2022-01-01 – 2022-12-31: -899000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 993 million
Exact value

Exact value: 993000000 USD

2022-01-01 – 2022-12-31: 993000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 952 million
Exact value

Exact value: 952000000 USD

2022-01-01 – 2022-12-31: 952000000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 41 million
Calculation and evidence

993000000 − 952000000 USD

Exact free cash flow: 41000000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2023 2023-01-01 – 2023-12-31
USD 786 million
Exact value

Exact value: 786000000 USD

2023-01-01 – 2023-12-31: 786000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.81 billion
Exact value

Exact value: 1809000000 USD

2023-01-01 – 2023-12-31: 1809000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.26 billion
Exact value

Exact value: 1264000000 USD

2023-01-01 – 2023-12-31: 1264000000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 545 million
Calculation and evidence

1809000000 − 1264000000 USD

Exact free cash flow: 545000000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2024 2024-01-01 – 2024-12-31
−USD 278 million
Exact value

Exact value: -278000000 USD

2024-01-01 – 2024-12-31: -278000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.08 billion
Exact value

Exact value: 1075000000 USD

2024-01-01 – 2024-12-31: 1075000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.3 billion
Exact value

Exact value: 1296000000 USD

2024-01-01 – 2024-12-31: 1296000000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 221 million
Calculation and evidence

1075000000 − 1296000000 USD

Exact free cash flow: -221000000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2025 2025-01-01 – 2025-12-31
−USD 502 million
Exact value

Exact value: -502000000 USD

2025-01-01 – 2025-12-31: -502000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1.3 billion
Exact value

Exact value: 1302000000 USD

2025-01-01 – 2025-12-31: 1302000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 805 million
Exact value

Exact value: 805000000 USD

2025-01-01 – 2025-12-31: 805000000 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 497 million
Calculation and evidence

1302000000 − 805000000 USD

Exact free cash flow: 497000000 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

110 filings · 13,576 latest values · 13,576 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001590895, 1590895, CZR, ERI, edgar:1590895

Also known as CAESARS ENTERTAINMENT, INC., CAESARS ENTERTAINMENT, INC., Caesars Entertainment, Inc., ELDORADO RESORTS, INC., ELDORADO RESORTS, INC., Eclair Holdings Co, Eldorado Resorts, Inc.