PENN Entertainment (PENN) Operating Leases (2019 - 2026)
PENN Entertainment (PENN) recorded Operating Leases of $3.48 billion in Q2 2026, down 0.4% from $3.5 billion a year earlier and down 0.3% from the prior quarter.
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Analysis
PENN Entertainment (PENN) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, PENN Entertainment reported Operating Leases of $3.59 billion, down 1.7% from FY2024.
- Annual Operating Leases has declined for three straight years, with a five-year compound annual growth rate of -4.7% (FY2020 to FY2025).
- Across earlier years, Operating Leases came in at $3.65 billion in FY2024 (-7.3%), $3.94 billion in FY2023 (-33.2%), $5.9 billion in FY2022 (+27.5%) and $4.63 billion in FY2021 (+1.1%).
- The Q2 2026 figure is the lowest quarterly Operating Leases in data going back to Q1 2019.
- On a year-over-year basis, Operating Leases has declined for 11 consecutive quarters, with an average decline of 8.7% over the last eight quarters.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 31.0% in Q2 2022, against a decline of 37.8% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $3.49 billion (Q1 2026), $3.59 billion (Q4 2025) and $3.53 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.50 Bn | 10.92 Bn | 1.48 Bn |
| 2 | DraftKings | 16.89 Bn | 12.55 Bn | 551.45 Mn |
| 3 | Flutter Entertainment | 12.94 Bn | 6.68 Bn | 1.71 Bn |
| 4 | Madison Square Garden Sports | 9.77 Bn | 9.37 Bn | 119.21 Mn |
| 5 | Life Time Group Holdings | 8.91 Bn | 8.14 Bn | 412.26 Mn |
| 6 | Wynn Resorts | 8.21 Bn | 1.77 Bn | 758.95 Mn |
| 7 | MGM Resorts International | 7.81 Bn | -371.12 Mn | 1.98 Bn |
| 8 | Caesars Entertainment | 6.04 Bn | 2.66 Bn | 1.50 Bn |
| 9 | Super Group (SGHC) | 5.74 Bn | 3.73 Bn | - |
| 10 | PENN Entertainment | 1.96 Bn | -985.32 Mn | 690.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.48 Bn |
| Mar 31, 2026 | 3.49 Bn |
| Dec 31, 2025 | 3.59 Bn |
| Sep 30, 2025 | 3.53 Bn |
| Jun 30, 2025 | 3.50 Bn |
| Mar 31, 2025 | 3.58 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 | 3.94 Bn |
| Sep 30, 2023 | 5.97 Bn |
| Jun 30, 2023 | 6.07 Bn |
| Mar 31, 2023 | 6.10 Bn |
| Dec 31, 2022 | 5.90 Bn |
| 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 |
API Access
PENN Entertainment Operating Leases 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-leases&ticker=PENN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=PENN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();