PENN
Penn National Gaming Inc
NASDAQ: PENN · CONSUMER CYCLICAL · RESORTS & CASINOS
$15.94
-4.78% today
Updated 2026-05-11
Market cap
$2.13B
P/E ratio
—
P/S ratio
0.30x
EPS (TTM)
$-6.58
Dividend yield
—
52W range
$12 – $21
Volume
4.1M
Penn National Gaming Inc (PENN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.35B | $2.44B | $2.42B | $2.37B | $2.46B | $2.74B | $2.90B | $2.92B | $2.59B | $2.84B | $3.03B | $3.15B | $3.59B | $5.30B | $3.58B | $5.91B | $6.40B | $6.36B | $6.58B | $6.96B |
| Revenue growth (YoY) | — | +3.6% | -0.6% | -2.2% | +3.8% | +11.5% | +5.7% | +0.7% | -11.2% | +9.6% | +6.9% | +3.7% | +14.0% | +47.8% | -32.5% | +65.0% | +8.4% | -0.6% | +3.4% | +5.8% |
| Cost of revenue | $1.31B | $1.40B | $1.43B | $1.43B | $1.46B | $1.62B | $1.69B | $1.66B | $1.47B | $1.62B | $1.76B | $1.81B | $2.05B | $2.95B | $1.87B | $3.15B | $3.63B | $4.00B | $4.41B | $5.06B |
| Gross profit | $1.04B | $1.03B | $995.58M | $941.41M | $994.21M | $1.12B | $1.21B | $1.25B | $1.12B | $1.22B | $1.28B | $1.34B | $1.54B | $2.35B | $1.71B | $2.76B | $2.77B | $2.36B | $2.16B | $1.91B |
| Gross margin | 44.4% | 42.4% | 41.1% | 39.7% | 40.4% | 40.9% | 41.8% | 43.0% | 43.3% | 42.9% | 42.1% | 42.4% | 42.9% | 44.3% | 47.8% | 46.7% | 43.3% | 37.1% | 32.9% | 27.4% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — | — |
| SG&A | $329.72M | $388.43M | $427.15M | $409.20M | $418.94M | $410.46M | $532.24M | $595.98M | $867.79M | $449.43M | $463.03M | $514.78M | $618.95M | $1.19B | $1.13B | $1.35B | $1.11B | $1.56B | $1.57B | $1.63B |
| Operating income | $577.84M | $497.81M | $-86.44M | $-194.60M | $153.23M | $499.58M | $442.59M | $-771.97M | $-240.42M | $467.85M | $543.02M | $475.11M | $634.09M | $571.90M | $-410.20M | $1.06B | $974.00M | $-690.20M | $72.50M | $272.10M |
| Operating margin | 24.6% | 20.4% | -3.6% | -8.2% | 6.2% | 18.2% | 15.3% | -26.4% | -9.3% | 16.5% | 17.9% | 15.1% | 17.7% | 10.8% | -11.5% | 17.9% | 15.2% | -10.8% | 1.1% | 3.9% |
| EBITDA | $713.15M | $638.21M | $295.79M | $-28.46M | $322.64M | $692.09M | $640.56M | $-163.08M | $538.55M | $759.20M | $851.07M | $708.78M | $898.33M | $1.04B | $76.60M | $1.45B | $1.50B | $400.20M | $562.80M | $32.00M |
| EBITDA margin | 30.3% | 26.2% | 12.2% | -1.2% | 13.1% | 25.2% | 22.1% | -5.6% | 20.8% | 26.7% | 28.0% | 22.5% | 25.0% | 19.5% | 2.1% | 24.5% | 23.4% | 6.3% | 8.6% | 0.5% |
| EBIT | $577.84M | $477.29M | $122.24M | $-222.90M | $110.25M | $480.61M | $395.21M | $-461.40M | $359.57M | $499.74M | $579.86M | $441.72M | $629.34M | $621.70M | $-290.10M | $1.10B | $933.50M | $-34.90M | $129.20M | $-414.90M |
| Interest expense | $0.00 | $0.00 | $169.83M | $134.98M | $130.22M | $99.56M | $81.44M | $159.90M | $425.11M | $443.13M | $459.24M | $466.76M | $539.42M | $534.20M | $543.20M | $561.70M | $758.20M | $464.70M | $470.50M | $405.80M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% | 0.0% |
| Net income | $327.09M | $160.05M | $-153.32M | $-264.95M | $-59.47M | $242.35M | $211.97M | $-794.34M | $-233.19M | $686000.00 | $109.31M | $502.86M | $93.51M | $43.90M | $-669.50M | $420.80M | $222.10M | $-490.00M | $-311.50M | $-843.10M |
| Net income growth (YoY) | — | -51.1% | -195.8% | -72.8% | +77.6% | +507.5% | -12.5% | -474.7% | +70.6% | +100.3% | +15834.4% | +360.0% | -81.4% | -53.1% | -1625.1% | +162.9% | -47.2% | -320.6% | +36.4% | -170.7% |
| Profit margin | 13.9% | 6.6% | -6.3% | -11.2% | -2.4% | 8.8% | 7.3% | -27.2% | -9.0% | 0.0% | 3.6% | 16.0% | 2.6% | 0.8% | -18.7% | 7.1% | 3.5% | -7.7% | -4.7% | -12.1% |