PENN Entertainment, Inc.

PENNNASDAQConsumer Cyclical● Active

$19.23

$-0.40(-2.04%)

Market Cap$2.6B

P/E Ratio—

52W High$20.61

52W Low$11.65

Avg Volume3.9M

Open$19.83

Beta1.45

Overview

PENN Entertainment, Inc. (PENN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PENN · free cash flow · updated Jun 8, 2026

Core FCF metrics

PENN · FCF · TTM · margin & CAGR

Free cash flow was −$139.5M for FY2025 (fiscal year ending 2025-12-31), down 13.0% year-over-year The FCF margin was -2.0%.

FY2025 Free Cash Flow−$139.5M▼ -13.0% YoY

Trailing 12M (TTM)−$57.7Mtrailing 4 quarters sum

FCF Margin-2.0%−$139.5M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PENN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$508.2M(648M)−$139.5M▼ 13.0%-2.0%

FY2024$359.3M(483M)−$123.4M▼ 266.8%-1.9%

FY2023$455.9M(382M)$74.0M▼ 87.8%1.2%

FY2022$878.2M(272M)$605.8M▼ 3.5%9.5%

FY2021$896.1M(268M)$627.8M▲ +218.7%10.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PENN · P/FCF · FCF yield · FCF per share

PENN Entertainment, Inc. (PENN) reported negative free cash flow of −$0.14B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PENN · cash flow statement · operating / investing / financing

For FY2025, PENN Entertainment, Inc. generated $508.2M in operating cash flow and spent 648M in capital expenditures, yielding −$139.5M in free cash flow.

Operating Activities

+$508.2M

Cash from core business operations

2025-12-31

Investing Activities

−$351.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$165.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($508.2M) − |CapEx| (648M) = FCF (−$139.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

PENN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

PENN Entertainment, Inc.YOU

PENN

−$139.5M-13.0%-2.0%

Loss

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

PENN Entertainment, Inc. (PENN) reported free cash flow of −$139.5M for FY2025 (fiscal year ending 2025-12-31), down 13.0% year-over-year. The FCF margin was -2.0%.

Based on available data, PENN Entertainment, Inc. has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $627.8M in FY2021.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PENN free cash flow · 8 questions

PENN Entertainment, Inc. free cash flow was −$139.5M for FY2025, down 13.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$57.7M.

PENN free cash flowPENN FCFPENN FCF 2025PENN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · PENN Entertainment, Inc. · PENN Entertainment, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026