PENN Entertainment (PENN) Operating Leases (2019 - 2026)

PENN Entertainment's (PENN) quarterly Operating Leases came in at $3.9 billion in Q1 2026, down 0.56% year-on-year from $3.9 billion in Q1 2025, and up 8.21% quarter-over-quarter from $3.6 billion in Q4 2025.

PENN Entertainment (PENN) Operating Leases (2019 - 2026) Analysis & Trends

PENN Entertainment has disclosed Operating Leases across 8 years of filings, most recently posting $3.9 billion for Q1 2026.

  • Operating Leases for Q1 2026 came in at $3.9 billion, down 0.56% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.9 billion (down 0.56% YoY), and the FY2025 annual result was $3.6 billion, down 1.69% from the prior year.
  • Operating Leases came in at $3.9 billion for Q1 2026 at PENN Entertainment, up from $3.6 billion in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $6.1 billion in Q1 2023 to a low of $7.0 million in Q4 2023.
  • The 5-year median for Operating Leases is $3.9 billion (2024), against an average of $4.1 billion.
  • Across the five-year window, Operating Leases slumped 99.44% in 2022 and soared 52104.29% in 2024, its largest moves.
  • PENN Entertainment's Operating Leases stood at $26.1 million in 2022, then tumbled by 73.18% to $7.0 million in 2023, then jumped by 52104.29% to $3.7 billion in 2024, then dropped by 1.69% to $3.6 billion in 2025, then increased by 8.21% to $3.9 billion in 2026.
  • The last three Operating Leases figures came in at $3.9 billion (Q1 2026), $3.6 billion (Q4 2025), and $3.5 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Wynn Resorts 10.77 Bn 9.94 Bn 1.77 Bn
2 Boyd Gaming 6.75 Bn 6.74 Bn 742.51 Mn
3 Melco Resorts & Entertainment 6.64 Bn 6.49 Bn -
4 Caesars Entertainment 5.96 Bn 5.18 Bn 2.71 Bn
5 Vail Resorts 4.85 Bn 4.81 Bn -
6 Hilton Grand Vacations 4.07 Bn 3.97 Bn 1.10 Bn
7 Red Rock Resorts 3.34 Bn 3.31 Bn 491.72 Mn
8 Marriott Vacations Worldwide 3.09 Bn 2.82 Bn 1.23 Bn
9 PENN Entertainment 2.57 Bn 1.85 Bn 971.20 Mn
10 Monarch Casino & Resort 2.19 Bn 2.07 Bn 34.95 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.89 Bn
Dec 31, 2025 3.59 Bn
Sep 30, 2025 3.53 Bn
Jun 30, 2025 3.50 Bn
Mar 31, 2025 3.91 Bn
Dec 31, 2024 3.65 Bn
Sep 30, 2024 3.71 Bn
Jun 30, 2024 3.79 Bn
Mar 31, 2024 3.87 Bn
Dec 31, 2023 7.00 Mn
Sep 30, 2023 5.97 Bn
Jun 30, 2023 6.07 Bn
Mar 31, 2023 6.10 Bn
Dec 31, 2022 26.10 Mn
Sep 30, 2022 5.89 Bn
Jun 30, 2022 5.94 Bn
Mar 31, 2022 5.94 Bn
Dec 31, 2021 4.63 Bn
Sep 30, 2021 4.60 Bn
Jun 30, 2021 4.53 Bn