Caesars Entertainment (CZR) Gross Margin (2017 - 2026)
Caesars Entertainment (CZR) posted Gross Margin of 49.12% for Q3 2026, down 0.13 percentage points from 49.25% a year earlier and down 0.97 percentage points from the prior quarter.
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Analysis
Caesars Entertainment (CZR) Gross Margin (2017 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at Caesars Entertainment was 49.65%, down 0.60 percentage points year-over-year; for FY2025, it was 50.00%, down 1.81 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of -2.98 percentage points (FY2020 to FY2025).
- In prior years, Caesars Entertainment's Gross Margin was 51.81% in FY2024 (-1.39 pp), 53.20% in FY2023 (+3.11 pp), 50.09% in FY2022 (-1.35 pp) and 51.44% in FY2021 (-1.53 pp).
- The Q3 2026 figure stands as the lowest quarterly Gross Margin since Q1 2022.
- On a year-over-year basis, Gross Margin has declined in each of the last 12 quarters, with an average year-over-year change of -1.19 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q4 2022, with a gain of 20.84 percentage points; the weakest was Q4 2021, with a drop of 20.02 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 50.08% (Q2 2026), 50.28% (Q1 2026) and 49.14% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 45.62% |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | 39.18% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 46.89% |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | 38.21% |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 38.79% |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 41.16% |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 42.77% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 75.61% |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 29.74% |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | 49.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 49.12% |
| Jun 30, 2026 | 50.08% |
| Mar 31, 2026 | 50.28% |
| Dec 31, 2025 | 49.14% |
| Sep 30, 2025 | 49.25% |
| Jun 30, 2025 | 51.08% |
| Mar 31, 2025 | 50.54% |
| Dec 31, 2024 | 50.13% |
| Sep 30, 2024 | 52.85% |
| Jun 30, 2024 | 53.29% |
| Mar 31, 2024 | 50.91% |
| Dec 31, 2023 | 51.08% |
| Sep 30, 2023 | 54.54% |
| Jun 30, 2023 | 53.84% |
| Mar 31, 2023 | 53.25% |
| Dec 31, 2022 | 53.88% |
| Sep 30, 2022 | 54.10% |
| Jun 30, 2022 | 57.43% |
| Mar 31, 2022 | 39.75% |
| Dec 31, 2021 | 33.04% |
API Access
Caesars Entertainment Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CZR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CZR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CZR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();