Companies: 10,795·Total market cap: $144.5T
PENN Entertainment, Inc.

PENN Entertainment, Inc.

PENNNASDAQConsumer Cyclical● Active
$18.96
$-0.28(-1.43%)
Market Cap$2.5B
P/E Ratio—
52W High$20.61
52W Low$11.65
Free Cash FlowFinancialsRevenue

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

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

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
penn free cash flow history · penn free cash flow chart · penn free cash flow growth rate · penn free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$139.5M▼ 13.0%-2.0%
FY2024−$123.4M▼ 266.8%-1.9%
FY2023$74.0M▼ 87.8%1.2%
FY2022$605.8M▼ 3.5%9.5%
FY2021$627.8M▲ +218.7%10.6%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
penn free cash flow 2025 · penn free cash flow 2024 · penn free cash flow 2023 · penn operating cash flow

FCF valuation metrics

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
penn price to free cash flow · penn free cash flow yield · penn free cash flow per share · penn price to cash flow ratio

Cash flow statement summary

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 →
penn cash flow statement · penn cash flow statement 2025 · penn operating cash flow · penn cash flow from operations

Free cash flow vs peers (Consumer Cyclical)

#CompanyFree Cash FlowYoY
#1
PENN Entertainment, Inc.
PENN Entertainment, Inc.YOU
PENN
−$139.5M-13.0%
#2
Toyota Motor Corporation
Toyota Motor Corporation
TM
$592.05B+137.9%#3
The Home Depot, Inc.
The Home Depot, Inc.
HD
$12.65B-22.5%#4
Amazon.com, Inc.
Amazon.com, Inc.
AMZN
$7.70B-76.6%#5
Tesla, Inc.
Tesla, Inc.
TSLA
$6.22B+73.7%#6
Alibaba Group Holding Limited
Alibaba Group Holding Limited
BABA
−$50.72B-164.9%
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.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/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