PENN Entertainment (PENN) Operating Leases (2019 - 2026)
PENN Entertainment (PENN) reported Operating Leases of $3.5 billion for Q1 2026, down 2.35% on a YoY basis from $3.6 billion in Q1 2025, and down 2.77% sequentially from $3.6 billion in Q4 2025.
PENN Entertainment (PENN) Operating Leases (2019 - 2026) Analysis & Trends
PENN Entertainment (PENN) has 8 years of Operating Leases data on file, last reported at $3.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Operating Leases fell 2.35% year-over-year to $3.5 billion; the trailing twelve-month figure through Mar 2026 stood at $3.5 billion (down 2.35% YoY), and the FY2025 full-year result was $3.6 billion, down 1.69% from the prior year.
- Operating Leases declined to $3.5 billion in Q1 2026, 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.
- A 5-year average of $4.1 billion and a median of $3.8 billion in 2024 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases plunged 99.44% in 2022 and soared 52104.29% in 2024, its largest moves.
- Tracing PENN's Operating Leases over 5 years: stood at $26.1 million in 2022, then plunged by 73.18% to $7.0 million in 2023, then soared by 52104.29% to $3.7 billion in 2024, then slipped by 1.69% to $3.6 billion in 2025, then retreated by 2.77% to $3.5 billion in 2026.
- Business Quant data shows PENN's Operating Leases at $3.5 billion in Q1 2026, $3.6 billion in Q4 2025, and $3.5 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn |
| 10 | PENN Entertainment | 2.74 Bn | 2.03 Bn | 1.45 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 4.03 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 |