PENN Entertainment (PENN) Change in Intangibles (2018 - 2025)
PENN Entertainment (PENN) posted Change in Intangibles of $8.4 million for Q4 2025, down 1.2% from $8.5 million a year earlier and down 8.7% from the prior quarter.
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Analysis
PENN Entertainment (PENN) Change in Intangibles (2018 - 2025) Analysis & Trends
For FY2025, PENN Entertainment's Change in Intangibles came in at $37.7 million, down 34.9% from FY2024.
- Annual Change in Intangibles shows a five-year compound annual growth rate of 51.0% (FY2020 to FY2025).
- In prior years, PENN Entertainment's Change in Intangibles was $57.9 million in FY2024 (+164.4%), $21.9 million in FY2023 (+143.3%), $9 million in FY2022 (-62.8%) and $24.2 million in FY2021 (+404.2%).
- The Q4 2025 figure stands as the lowest quarterly Change in Intangibles since Q4 2023.
- On a year-over-year basis, Change in Intangibles increased in two of the last four quarters, with growth averaging 125.2%.
- The strongest year-over-year quarter for Change in Intangibles in the past five years was Q3 2024, with growth of 496.3%; the weakest was Q3 2025, with a decline of 71.4%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.47 Bn | 9.89 Bn | 1.48 Bn | - |
| 2 | DraftKings | 16.53 Bn | 12.19 Bn | 551.45 Mn | 37.99 Mn |
| 3 | Flutter Entertainment | 12.99 Bn | 6.73 Bn | 1.71 Bn | 135.00 Mn |
| 4 | Madison Square Garden Sports | 9.80 Bn | 9.40 Bn | 119.21 Mn | - |
| 5 | Life Time Group Holdings | 9.15 Bn | 8.39 Bn | 412.26 Mn | - |
| 6 | Wynn Resorts | 7.85 Bn | 1.40 Bn | 758.95 Mn | - |
| 7 | MGM Resorts International | 7.67 Bn | -517.04 Mn | 1.98 Bn | - |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | - |
| 9 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn | - |
| 10 | PENN Entertainment | 1.98 Bn | -969.24 Mn | 690.50 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 8.40 Mn |
| Sep 30, 2025 | 9.20 Mn |
| Dec 31, 2024 | 8.50 Mn |
| Sep 30, 2024 | 32.20 Mn |
| Dec 31, 2023 | 4.80 Mn |
| Sep 30, 2023 | 5.40 Mn |
| Dec 31, 2022 | 4.90 Mn |
| Sep 30, 2022 | 2.20 Mn |
| Dec 31, 2021 | 3.60 Mn |
| Sep 30, 2021 | 1.90 Mn |
| Dec 31, 2020 | 4.80 Mn |
| Dec 31, 2019 | 10.20 Mn |
| Sep 30, 2019 | 123,000.00 |
| Jun 30, 2019 | 1.03 Mn |
| Mar 31, 2019 | 343,000.00 |
| Dec 31, 2018 | 22.90 Mn |
| Sep 30, 2018 | 470,000.00 |
| Jun 30, 2018 | 7.85 Mn |
| Mar 31, 2018 | 50.38 Mn |
API Access
PENN Entertainment Change in Intangibles 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=change-in-intangibles&ticker=PENN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "ticker": "PENN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=PENN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();