Caesars Entertainment (CZR) Operating Margin (2013 - 2026)
Caesars Entertainment (CZR) posted Operating Margin of 15.54% for Q3 2026, down 2.34 percentage points from 17.88% a year earlier and down 1.60 percentage points from the prior quarter.
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Analysis
Caesars Entertainment (CZR) Operating Margin (2013 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Operating Margin at Caesars Entertainment was 15.37%, down 3.95 percentage points year-over-year; for FY2025, it was 16.18%, down 4.31 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +26.73 percentage points (FY2020 to FY2025).
- In prior years, Caesars Entertainment's Operating Margin was 20.49% in FY2024 (-0.95 pp), 21.44% in FY2023 (+5.37 pp), 16.07% in FY2022 (+0.81 pp) and 15.26% in FY2021 (+25.81 pp).
- Quarterly Operating Margin has run from a low of -0.44% in Q1 2022 to a high of 24.18% in Q3 2023 over five years.
- On a year-over-year basis, Operating Margin has declined in each of the last five quarters, with an average year-over-year change of -1.94 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2023, with a gain of 21.74 percentage points; the weakest was Q4 2025, with a drop of 12.55 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 17.14% (Q2 2026), 17.42% (Q1 2026) and 11.35% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.26 Bn | 1.47 Bn | 19.22% |
| 2 | Flutter Entertainment | 14.04 Bn | 7.43 Bn | 1.52 Bn | -30.74% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 17.68% |
| 4 | DraftKings | 9.31 Bn | 4.97 Bn | 551.45 Mn | -4.72% |
| 5 | Wynn Resorts | 8.77 Bn | 2.90 Bn | 655.12 Mn | 10.55% |
| 6 | MGM Resorts International | 8.21 Bn | -1.09 Bn | 1.73 Bn | 2.82% |
| 7 | Madison Square Garden Sports | 7.49 Bn | 7.09 Bn | 119.21 Mn | 11.53% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 29.37% |
| 9 | Churchill Downs | 6.90 Bn | 6.13 Bn | 207.00 Mn | 20.55% |
| 10 | Caesars Entertainment | 5.95 Bn | 2.37 Bn | 1.44 Bn | 15.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 15.54% |
| Jun 30, 2026 | 17.14% |
| Mar 31, 2026 | 17.42% |
| Dec 31, 2025 | 11.35% |
| Sep 30, 2025 | 17.88% |
| Jun 30, 2025 | 18.09% |
| Mar 31, 2025 | 17.47% |
| Dec 31, 2024 | 23.90% |
| Sep 30, 2024 | 22.41% |
| Jun 30, 2024 | 17.88% |
| Mar 31, 2024 | 17.69% |
| Dec 31, 2023 | 18.97% |
| Sep 30, 2023 | 24.18% |
| Jun 30, 2023 | 21.15% |
| Mar 31, 2023 | 21.31% |
| Dec 31, 2022 | 17.30% |
| Sep 30, 2022 | 22.83% |
| Jun 30, 2022 | 21.34% |
| Mar 31, 2022 | -0.44% |
| Dec 31, 2021 | 4.71% |
API Access
Caesars Entertainment Operating 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=operating-margin&ticker=CZR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=CZR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();