PENN Entertainment (PENN) Intangibles (2009 - 2026)
PENN Entertainment's Intangibles came in at $1.39 billion for Q2 2026, down 8.3% from $1.52 billion a year earlier and down 0.6% from the prior quarter.
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Analysis
PENN Entertainment (PENN) Intangibles (2009 - 2026) Analysis & Trends
At the end of FY2025, PENN Entertainment's Intangibles was $1.4 billion, down 8.2% from FY2024.
- Intangibles has declined in each of the last four years, with a five-year compound annual growth rate of -1.5% (FY2020 to FY2025).
- Going back by year, Intangibles was $1.53 billion in FY2024 (-5.5%), $1.62 billion in FY2023 (-6.9%), $1.74 billion in FY2022 (-7.1%) and $1.87 billion in FY2021 (+23.7%).
- The Q2 2026 figure represents the lowest quarterly Intangibles since Q3 2018.
- Year-over-year, Intangibles has declined for 12 consecutive quarters, with an average decline of 6.7% over the last eight quarters.
- The fastest year-over-year change in Intangibles over five years came in Q4 2021 (growth of 23.7%), and the weakest in Q1 2024 (a decline of 27.9%).
- Business Quant data shows PENN's Intangibles at $1.4 billion (Q1 2026), $1.4 billion (Q4 2025) and $1.51 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 23.22 Bn | 10.05 Bn | 1.47 Bn | - |
| 2 | DraftKings | 18.42 Bn | 14.08 Bn | 551.45 Mn | 837.44 Mn |
| 3 | Flutter Entertainment | 13.75 Bn | 7.49 Bn | 1.71 Bn | 6.48 Bn |
| 4 | Life Time Group Holdings | 10.13 Bn | 10.13 Bn | - | 180.41 Mn |
| 5 | Wynn Resorts | 7.67 Bn | 1.23 Bn | 758.95 Mn | 208.23 Mn |
| 6 | MGM Resorts International | 7.26 Bn | -1.18 Bn | 1.73 Bn | 1.23 Bn |
| 7 | Madison Square Garden Sports | 7.23 Bn | 6.83 Bn | 119.21 Mn | 103.64 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.43 Bn | 618.00 Mn | 725.00 Mn |
| 9 | Churchill Downs | 6.25 Bn | 5.51 Bn | 207.00 Mn | 2.51 Bn |
| 10 | PENN Entertainment | 2.06 Bn | -894.16 Mn | 690.50 Mn | 1.39 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.39 Bn |
| Mar 31, 2026 | 1.40 Bn |
| Dec 31, 2025 | 1.40 Bn |
| Sep 30, 2025 | 1.51 Bn |
| Jun 30, 2025 | 1.52 Bn |
| Mar 31, 2025 | 1.52 Bn |
| Dec 31, 2024 | 1.53 Bn |
| Sep 30, 2024 | 1.62 Bn |
| Jun 30, 2024 | 1.61 Bn |
| Mar 31, 2024 | 1.61 Bn |
| Dec 31, 2023 | 1.62 Bn |
| Sep 30, 2023 | 1.72 Bn |
| Jun 30, 2023 | 2.22 Bn |
| Mar 31, 2023 | 2.23 Bn |
| Dec 31, 2022 | 1.74 Bn |
| Sep 30, 2022 | 1.75 Bn |
| Jun 30, 2022 | 1.84 Bn |
| Mar 31, 2022 | 1.86 Bn |
| Dec 31, 2021 | 1.87 Bn |
| Sep 30, 2021 | 1.55 Bn |
API Access
PENN Entertainment 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=intangibles&ticker=PENN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=intangibles&ticker=PENN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();