Caesars Entertainment (CZR) Operating Margin (2013 - 2026)
Caesars Entertainment's (CZR) quarterly Operating Margin came in at 17.42% in Q1 2026, down 4.0% year-on-year from 18.15% in Q1 2025, and up 53.48% quarter-over-quarter from 11.35% in Q4 2025.
Caesars Entertainment (CZR) Operating Margin (2013 - 2026) Analysis & Trends
Caesars Entertainment's Operating Margin history runs 14 years deep, the most recent figure standing at 17.42% for Q1 2026.
- On a quarterly basis, Operating Margin fell 4.0% year-over-year to 17.42% in Q1 2026; TTM through Mar 2026 was 16.17%, a 425.0% decrease from a year earlier, with the FY2025 full-year figure at 16.18%, down 431.0% from the prior year.
- Operating Margin improved to 17.42% in Q1 2026 per CZR's latest filing, from 11.35% in the prior quarter.
- Across five years, Operating Margin topped out at 24.18% in Q3 2023 and bottomed at 0.44% in Q1 2022.
- The 5-year median for Operating Margin is 18.09% (2025), against an average of 18.28%.
- Across the five-year window, Operating Margin jumped 2174 bps in 2023 and slumped 1255 bps in 2025, its largest moves.
- Year by year, Operating Margin stood at 17.3% in 2022, then advanced by 10 bps to 18.97% in 2023, then climbed by 26 bps to 23.9% in 2024, then tumbled by 53 bps to 11.35% in 2025, then soared by 53 bps to 17.42% in 2026.
- Per Business Quant, the three latest CZR Operating Margin figures stand at 17.42% (Q1 2026), 11.35% (Q4 2025), and 17.88% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 25.22% |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 6.76% |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 15.22% |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 16.44% |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | - |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | 17.42% |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | 41.00% |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 6.54% |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 28.32% |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | 172.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 19.81% |
| Jun 30, 2021 | 23.58% |