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Penn Entertainment’s origins date back to its 1972 racetrack opening in Pennsylvania. Today, Penn operates 43 properties across 20 states and 12 brands, including Hollywood Casino and Ameristar. Land-based casinos represented 85% of total sales in 2024; 15% was from the interactive segment, which includes sports, iGaming, and media revenue. The retail portfolio generates mid-30s EBITDAR margins and helps position the company to obtain licenses for the digital wagering markets. Additionally, Penn’s media assets, theScore and ESPN (starting with its partnership launch in November 2023), provide access to sports betting/iGaming technology and clientele, helping it form a leading digital position.
1982
23.1K+
LTM Revenue $6.7B
LTM EBITDA $429M
$12.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
PENN Entertainment has a last 12-month revenue of $6.7B and a last 12-month EBITDA of $429M.
In the most recent fiscal year, PENN Entertainment achieved revenue of $6.6B and an EBITDA of $563M.
PENN Entertainment expects next 12-month revenue of XXX and NTM EBITDA of XXX
See PENN Entertainment valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $6.4B | $6.6B | XXX | XXX | XXX |
| Gross Profit | $2.8B | $2.4B | XXX | XXX | XXX |
| Gross Margin | 44% | 36% | XXX | XXX | XXX |
| EBITDA | $400M | $563M | XXX | XXX | XXX |
| EBITDA Margin | 6% | 9% | XXX | XXX | XXX |
| Net Profit | $222M | -$490M | XXX | XXX | XXX |
| Net Margin | 3% | -7% | XXX | XXX | XXX |
| Net Debt | $1.2B | $1.7B | XXX | XXX | XXX |
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As of April 15, 2025, PENN Entertainment's stock price is $14.
PENN Entertainment has current market cap of $2.2B, and EV of $12.7B.
See PENN Entertainment trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $12.7B | $2.2B | XXX | XXX | XXX | XXX | $-1.43 |
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Sign UpAs of April 15, 2025, PENN Entertainment has market cap of $2.2B and EV of $12.7B.
PENN Entertainment's trades at 1.9x LTM EV/Revenue multiple, and 29.7x LTM EBITDA.
Analysts estimate PENN Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for PENN Entertainment and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $12.7B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 22.6x | XXX | XXX | XXX |
| P/E | -7.0x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -70.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpPENN Entertainment's NTM/LTM revenue growth is 6%
PENN Entertainment's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, PENN Entertainment's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate PENN Entertainment's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for PENN Entertainment and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 41% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 15% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 24% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 30% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
PENN Entertainment acquired XXX companies to date.
Last acquisition by PENN Entertainment was XXXXXXXX, XXXXX XXXXX XXXXXX . PENN Entertainment acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was PENN Entertainment founded? | PENN Entertainment was founded in 1982. |
| Where is PENN Entertainment headquartered? | PENN Entertainment is headquartered in United States of America. |
| How many employees does PENN Entertainment have? | As of today, PENN Entertainment has 23.1K+ employees. |
| Who is the CEO of PENN Entertainment? | PENN Entertainment's CEO is Mr. Jay A. Snowden. |
| Is PENN Entertainment publicy listed? | Yes, PENN Entertainment is a public company listed on NAS. |
| What is the stock symbol of PENN Entertainment? | PENN Entertainment trades under PENN ticker. |
| When did PENN Entertainment go public? | PENN Entertainment went public in 1994. |
| Who are competitors of PENN Entertainment? | Similar companies to PENN Entertainment include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of PENN Entertainment? | PENN Entertainment's current market cap is $2.2B |
| What is the current revenue of PENN Entertainment? | PENN Entertainment's last 12-month revenue is $6.7B. |
| What is the current EBITDA of PENN Entertainment? | PENN Entertainment's last 12-month EBITDA is $429M. |
| What is the current EV/Revenue multiple of PENN Entertainment? | Current revenue multiple of PENN Entertainment is 1.9x. |
| What is the current EV/EBITDA multiple of PENN Entertainment? | Current EBITDA multiple of PENN Entertainment is 29.7x. |
| What is the current revenue growth of PENN Entertainment? | PENN Entertainment revenue growth between 2023 and 2024 was 3%. |
| Is PENN Entertainment profitable? | Yes, PENN Entertainment is EBITDA-positive (as of the last 12 months). |
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