Red Rock Resorts, Inc. (RRR) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.47	$0.67	+42.6%	—	$510.3M	—
Q1 26	$0.54	$0.73	+35.2%	—	$507.3M	—
Q4 25	$0.65	$0.5	-23.1%	—	$511.8M	—
Q3 25	$0.52	$0.42	-19.2%	—	$475.6M	—
Q2 25	$0.41	$0.48	+17.1%	—	$526.3M	—
Q1 25	$0.45	$0.51	+13.3%	—	$497.9M	—
Q4 24	$0.47	$0.39	-17.0%	—	$495.7M	—
Q3 24	$0.42	$0.34	-19.0%	—	$468M	—
Q2 24	$0.45	$0.65	+44.4%	—	$486.4M	—
Q4 23	$0.43	$0.44	+2.3%	—	$462.7M	—
Q3 23	$0.48	$0.6	+25.0%	—	$411.6M	—
Q2 23	$0.63	$0.65	+3.2%	—	$416.1M	—
Q1 23	$0.53	$0.75	+41.5%	—	$433.6M	—
Q4 22	$0.59	$1.49	+152.5%	—	$425.5M	—
Q3 22	$0.5	$0.48	-4.0%	—	$414.4M	—
Q2 22	$0.6	$0.26	-56.7%	—	$422.2M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.19	—	—	$2B	—
FY24	—	$2.61	—	—	$1.9B	—
FY23	—	$3.04	—	—	$1.7B	—
FY22	—	$3.48	—	—	$1.7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.5B	$1.6B	$1.7B	$1.9B	$1.2B	$1.6B	$1.7B	$1.7B	$1.9B	$2B
YoY change	+9.14%	+11.3%	+2.37%	+10.4%	-36.3%	+36.8%	+2.84%	+3.62%	+12.5%	+3.74%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.5B	1.6B	1.7B	1.9B	1.2B	1.6B	1.7B	1.7B	1.9B	2B
Cost of revenue	656.7M	759.3M	794.1M	949.9M	501.3M	552.5M	588.7M	626.4M	744.2M	756.3M
Gross profit	819M	882.9M	887M	906.6M	681.1M	1.1B	1.1B	1.1B	1.2B	1.3B
Gross margin	55.5%	53.8%	52.8%	48.8%	57.6%	65.9%	64.6%	63.7%	61.6%	62.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	327.3M	380.9M	390.5M	416.4M	324.6M	347.1M	353M	374.5M	432.3M	441.3M
Operating expenses	328M	380.9M	390.5M	416.4M	324.6M	347.1M	353M	374.5M	432.3M	441.3M
Operating income	334.3M	463M	406.9M	268M	125.1M	560.5M	593.7M	590.7M	575.4M	616.4M
Operating margin	22.7%	28.2%	24.2%	14.4%	10.6%	34.6%	35.7%	34.3%	29.7%	30.6%
Non-operating income, net	-29.9M	-133.3M	-20.4M	-119.8M	-57.1M	-171.8M	-28.9M	-28.9M	-18.4M	-12.3M
Pretax income	164.2M	198.3M	243.4M	-8.5M	-60.5M	285.5M	434.9M	380.8M	328.2M	402.3M
Income tax	8.2M	134.8M	23.9M	-1.7M	114.1M	-69.3M	44.5M	43M	36.9M	46.6M
Net income	156M	63.5M	219.5M	-6.7M	-174.5M	354.8M	390.4M	337.8M	291.3M	355.7M
Net margin	10.6%	3.87%	13.1%	-0.36%	-14.8%	21.9%	23.5%	19.6%	15%	17.7%
EBITDA	492.8M	642.5M	588.9M	491.9M	357.3M	719M	725.5M	723.2M	764.3M	812.1M
EPS	1.03	0.52	2.28	-0.05	-2.13	3.5	3.48	3.04	2.61	3.19
Diluted EPS	1.03	0.42	1.77	-0.05	-2.13	2.84	3.36	2.94	2.53	3.12

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	411.6M	462.7M	488.9M	486.4M	468M	495.7M	497.9M	526.3M	475.6M	511.8M	507.3M	510.3M
Cost of revenue	149.6M	170.7M	181.6M	186M	183.5M	193.2M	186.4M	194.2M	179.8M	195.9M	188.7M	194.8M
Gross profit	262M	292M	307.3M	300.4M	284.5M	302.5M	311.5M	332.1M	295.7M	315.9M	318.6M	315.5M
Gross margin	63.7%	63.1%	62.9%	61.8%	60.8%	61%	62.6%	63.1%	62.2%	61.7%	62.8%	61.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	91.8M	96.7M	104.8M	111.3M	109M	107.1M	104.7M	112M	112.9M	111.7M	114.4M	117.9M
Operating expenses	91.8M	96.7M	104.8M	111.3M	109M	107.1M	104.7M	112M	112.9M	111.7M	114.4M	117.9M
Operating income	137.6M	159.2M	157.7M	142.4M	128.1M	147.2M	158.4M	172M	133.9M	152.1M	148.4M	138.6M
Operating margin	33.4%	34.4%	32.2%	29.3%	27.4%	29.7%	31.8%	32.7%	28.2%	29.7%	29.2%	27.2%
Non-operating income, net	-14.4M	13.6M	-15.8M	-3.4M	-6.6M	7.4M	-8.5M	2.8M	65K	-6.5M	-3M	1.1M
Pretax income	77.7M	124M	84.6M	81.6M	63.4M	98.5M	98.8M	124.2M	83.5M	95.9M	95.8M	90.1M
Income tax	9.3M	15.1M	6.3M	11.8M	8.1M	10.8M	12.8M	15.9M	6.6M	11.3M	13.1M	13.5M
Net income	68.4M	108.9M	78.4M	69.8M	55.4M	87.7M	86M	108.3M	76.9M	84.6M	82.7M	76.6M
Net margin	16.6%	23.5%	16%	14.4%	11.8%	17.7%	17.3%	20.6%	16.2%	16.5%	16.3%	15%
EBITDA	170.8M	193.1M	203.3M	189.9M	176M	195.2M	207.5M	229.1M	183.6M	192M	204.9M	198.2M
EPS	0.61	0.97	0.73	0.6	0.49	0.79	0.76	0.96	0.72	0.76	0.74	0.68
Diluted EPS	0.6	0.95	0.68	0.59	0.48	0.76	0.75	0.95	0.68	0.75	0.73	0.67

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	—	1.4B	1.7B	1.8B	3.8B	—	3.1B	2.7B	3.7B	5.1B
Enterprise value	—	—	4.1B	4.6B	4.6B	6.4B	—	6.3B	6B	7B	6.6B
Shares outstanding	34.1M	67.4M	69.1M	69.6M	70.5M	69.1M	59M	57.9M	59M	59M	59M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	6.4	—	—	10.7	—	9.14	9.37	10.3	17.7
P/S	—	—	0.84	0.9	1.49	2.35	—	1.79	1.41	1.82	2.55
P/B	—	—	1.72	2.13	2.92	75.9	—	12.7	8.9	11	17
EV/EBITDA	—	—	7.04	9.3	12.7	8.87	—	8.69	7.82	8.56	8.31
EV/Sales	—	—	2.47	2.46	3.85	3.94	—	3.64	3.08	3.46	3.27
Earnings yield	—	—	15.6%	—	—	9.34%	—	10.9%	10.7%	9.74%	5.64%
FCF yield	—	—	-19.2%	-5.64%	8.74%	14.3%	—	-6.72%	9.14%	7.91%	3.36%
PEG	—	—	—	—	—	—	—	—	—	—	-0.61

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	55.5%	53.8%	52.8%	48.8%	57.6%	65.9%	64.6%	63.7%	61.6%	62.4%	61.8%
Operating margin	22.7%	28.2%	24.2%	14.4%	10.6%	34.6%	35.7%	34.3%	29.7%	30.6%	26.7%
Net margin	10.6%	3.87%	13.1%	-0.36%	-14.8%	21.9%	23.5%	19.6%	15%	17.7%	8.43%
ROE	24.6%	10.1%	26.9%	-0.86%	-28.9%	709.2%	1.2K%	138.5%	94.9%	107%	108.9%
ROA	4.42%	1.75%	5.47%	-0.16%	-4.67%	11.3%	11.7%	8.54%	7.2%	8.54%	8.54%
ROIC	10.9%	4.91%	10.3%	7.26%	3.69%	21.3%	18.3%	15.2%	14.4%	15%	13.3%
Return on tangible assets	5.5%	2.14%	6.49%	-0.19%	-5.55%	13.8%	14%	9.94%	8.34%	9.84%	8.41%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.01	1.39	0.79	1.02	1.12	1.85	0.75	0.81	0.91	0.79	0.68
Quick ratio	0.96	1.34	0.74	0.96	1.06	1.79	0.71	0.76	0.86	0.74	0.63
Debt / equity	3.82	4.14	3.49	3.88	4.8	57.1	92.7	13.7	11.1	10.4	12.5
Debt / assets	0.69	0.72	0.71	0.74	0.78	0.91	0.89	0.84	0.84	0.83	0.83
Net debt / EBITDA	4.64	3.71	4.65	5.91	7.79	3.59	3.96	4.42	4.25	4.06	4.49
Interest coverage	2.17	2.51	2.7	0.95	0.53	3.77	4.35	3.1	2.43	2.99	2.83
Effective tax rate	5.02%	68%	9.81%	0%	0%	0%	10.2%	11.3%	11.2%	11.6%	12.2%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	43.2	24.4	24.3	26.7	16.8	23.4	28.2	29.8	32.9	34.1	34.3
EPS (basic)	1.03	0.52	2.28	-0.05	-2.13	3.5	3.48	3.04	2.61	3.19	3.19
EPS (diluted)	1.03	0.42	1.77	-0.05	-2.13	2.84	3.36	2.94	2.53	3.12	2.83
Book value per share	18.6	9.37	11.8	11.2	8.57	0.72	0.55	4.21	5.2	5.64	2.95
FCF per share	5.39	0.62	-3.9	-1.35	2.19	7.88	-0.32	-3.58	4.23	4.9	3.28
Cash per share	3.92	3.43	1.66	1.85	1.72	3.99	1.99	2.38	2.78	2.42	2.36
Capex per share	0	0	0.52	0.82	0	0.07	3.95	0.04	0.25	5.41	7.31

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0%	0%	2.15%	3.09%	0%	0.29%	14%	0.12%	0.77%	15.9%	21.4%
Capex / operating cash flow	0%	0%	10.4%	22.4%	0%	1.03%	43.1%	0.41%	2.89%	52.3%	69%
Payout ratio	6.83%	42.5%	12.6%	-414.1%	-4.19%	57.4%	29.9%	17.3%	40.6%	34%	36.4%
Dividend yield	—	—	1.97%	1.67%	0.41%	5.36%	—	1.9%	4.34%	3.31%	2.06%

Yield

2.06%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.26

ex-dividend Sep 15, 2026

Payout ratio

36%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 15, 2026	$0.26
Jun 15, 2026	$0.26
Mar 16, 2026	$0.26
Feb 20, 2026	$1.00
Dec 15, 2025	$0.26
Sep 15, 2025	$0.25
Jun 16, 2025	$0.25
May 14, 2025	$1.00

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$411.6M	$462.7M	$488.9M	$486.4M	$468M	$495.7M	$497.9M	$526.3M	$475.6M	$511.8M	$507.3M	$510.3M
YoY change	-0.68%	+8.75%	+12.7%	+16.9%	+13.7%	+7.13%	+1.83%	+8.2%	+1.61%	+3.24%	+1.9%	-3.04%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	133.8M	231.5M	114.6M	128.8M	121.2M	275.3M	117.3M	137.6M	164.4M	142.5M
Receivables	43.5M	48.7M	51.4M	56.7M	35.1M	36.7M	43.6M	61.9M	64.4M	73.9M
Inventory	12M	12.6M	14.9M	17.8M	13.1M	11.7M	13.2M	15.3M	16.4M	17.9M
Total current assets	249.8M	341.6M	262M	281.6M	224.7M	378.5M	221M	282.3M	295.4M	286.8M
Property, plant & equipment	182.5M	227M	349.4M	71.5M	-143.3M	-247.2M	12.1M	-184.5M	-273.1M	-265M
Goodwill & intangibles	689.8M	647.4M	625.8M	608.4M	593M	565.7M	560.1M	557M	553.8M	551.6M
Total assets	3.5B	3.6B	4B	4.1B	3.7B	3.1B	3.3B	4B	4B	4.2B
Accounts payable	30.7M	21.6M	25.9M	34M	11.2M	17.5M	11.4M	25.4M	31.8M	21.6M
Short-term debt	46.1M	30.1M	33.9M	37.6M	25.8M	28.9M	30.9M	32.2M	59.4M	32.9M
Total current liabilities	246.8M	245.3M	333.7M	276M	200.3M	204.8M	293.2M	349.2M	325.2M	363.2M
Long-term debt	2.4B	2.6B	2.8B	3B	2.9B	2.8B	3B	3.3B	3.4B	3.4B
Total liabilities	2.9B	3B	3.2B	3.3B	3.1B	3.1B	3.3B	3.7B	3.7B	3.8B
Shareholders' equity	633.4M	631.7M	817M	782.6M	604.6M	50M	32.2M	243.9M	306.8M	332.3M
Total debt	2.4B	2.6B	2.9B	3B	2.9B	2.9B	3B	3.3B	3.4B	3.4B
Net debt	2.3B	2.4B	2.7B	2.9B	2.8B	2.6B	2.9B	3.2B	3.2B	3.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	122.8M	137.6M	129.7M	136.4M	117.5M	164.4M	150.6M	145.2M	129.8M	142.5M	134M	136.5M
Receivables	77M	61.9M	62.6M	65.8M	62.7M	64.4M	68.9M	68.2M	56.1M	73.9M	68.3M	66.7M
Inventory	13.6M	15.3M	16M	15.5M	16.9M	16.4M	16.3M	15.9M	16.4M	17.9M	17.6M	17.5M
Total current assets	289.9M	282.3M	275.3M	285.9M	267M	295.4M	291.9M	286.9M	267.7M	286.8M	278.3M	281.2M
Property, plant & equipment	3.1B	-184.5M	2.8B	2.8B	2.8B	-273.1M	2.8B	2.8B	2.9B	-265M	3.1B	3.2B
Goodwill & intangibles	557.8M	557M	556.2M	555.4M	554.6M	553.8M	553M	552.2M	551.4M	551.6M	550.8M	550M
Total assets	3.9B	4B	4B	4B	4B	4B	4.1B	4B	4.1B	4.2B	4.2B	4.4B
Accounts payable	13.4M	25.4M	19.5M	22.7M	33.8M	31.8M	27.6M	15.5M	21.8M	21.6M	17.2M	20M
Short-term debt	32M	32.2M	23.2M	27.1M	23.2M	59.4M	59.1M	58.2M	67.4M	32.9M	36.3M	36.8M
Total current liabilities	362.5M	349.2M	306.9M	305.3M	261.2M	325.2M	315.6M	322.4M	358.9M	363.2M	345M	415.5M
Long-term debt	3.3B	3.3B	3.4B	3.4B	3.4B	3.4B	3.3B	3.3B	3.3B	3.4B	3.6B	3.6B
Total liabilities	3.7B	3.7B	3.8B	3.8B	3.8B	3.7B	3.7B	3.7B	3.8B	3.8B	4B	4.1B
Shareholders' equity	157.6M	243.9M	185.5M	225.7M	239.8M	306.8M	369.6M	297.1M	330.9M	332.3M	247.6M	291.9M
Total debt	3.3B	3.3B	3.5B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.6B	3.6B
Net debt	3.2B	3.2B	3.3B	3.3B	3.3B	3.2B	3.3B	3.3B	3.3B	3.3B	3.5B	3.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	156M	63.5M	219.5M	-6.7M	-174.5M	354.8M	390.4M	337.8M	291.3M	355.7M
Depreciation & amortization	156.7M	178.2M	180.3M	222.2M	231.4M	157.8M	128.4M	132.5M	187.1M	197.4M
Stock-based compensation	-11.8M	7.9M	11.3M	16.8M	10.9M	12.7M	17.5M	19.7M	30.9M	32.1M
Change in working capital	-3.6M	-5M	-16.7M	8.2M	5.4M	-8.3M	-16.6M	-26.8M	7.7M	-10M
Operating cash flow	326M	263.6M	347.7M	256.5M	196.7M	449.4M	540.1M	510.4M	518.4M	609.5M
Capital expenditure	0	0	-36.1M	-57.4M	0	-4.7M	-232.8M	-2.1M	-15M	-319M
Investing cash flow	-280.6M	-34.3M	-28.8M	-51.9M	-11.1M	647.6M	-113.6M	45.7M	-37.9M	-244.1M
Dividends paid	-10.6M	-27M	-27.7M	-27.9M	-7.3M	-203.8M	-116.7M	-58.6M	-118.4M	-120.8M
Share repurchases	—	—	—	-376K	0	-500.2M	-141.5M	0	-3.9M	-79M
Financing cash flow	-1.5B	-548.1M	-83.9M	-424.3M	-2.1B	-1.7B	-462.8M	41M	-2.6B	-801.3M
Net change in cash	-1.4B	-318.8M	235.1M	-219.7M	-1.9B	-615.1M	-36.3M	597.1M	-2.2B	-436M
Free cash flow	184.1M	41.5M	-269.4M	-94M	154.3M	544M	-19.1M	-207.3M	249.4M	288.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	68.4M	108.9M	78.4M	69.8M	55.4M	87.7M	86M	108.3M	76.9M	84.6M	82.7M	76.6M
Depreciation & amortization	32.5M	36.2M	44.9M	46.7M	47.4M	48.2M	48.3M	48M	49M	52.1M	55.9M	59M
Stock-based compensation	4.4M	5.2M	5.9M	11.8M	6.7M	6.5M	7.6M	8.7M	7.3M	8.5M	7.7M	9.8M
Change in working capital	-33.8M	15.4M	-8.5M	532K	7.3M	8.4M	1.3M	-6.3M	-622K	-4.4M	6.7M	1M
Operating cash flow	74.1M	205.5M	123.6M	122.4M	122.1M	150.3M	143.4M	158.4M	168.3M	156.6M	139.8M	157.9M
Capital expenditure	0	0	0	-1.9M	-13M	0	—	-78.2M	-93.7M	-78.9M	-117.2M	-139.8M
Investing cash flow	-989K	53.7M	-1.9M	-6.5M	-20.6M	-8.9M	-24.3M	21.7M	-93.8M	-79.5M	-118.2M	-140.5M
Dividends paid	-14.5M	-14.6M	-74.1M	-14.8M	-14.8M	-14.8M	-15.9M	-74.5M	-14.9M	-15.4M	-75.3M	-15.3M
Share repurchases	0	0	—	—	0	0	—	-30.9M	0	-48.2M	-38.3M	0
Financing cash flow	58.1M	-96.1M	-2.3B	1.9B	-49.1M	-2.1B	-131.4M	-113.9M	-89.9M	-464.4M	-99M	-110M
Net change in cash	131.1M	163.2M	-2.2B	2B	52.5M	-2B	-12.2M	66.2M	-15.4M	-387.3M	-77.4M	-92.6M
Free cash flow	-35.2M	-28.1M	28.4M	62M	37.7M	121.4M	58M	78.6M	74.6M	77.7M	22.6M	18.2M

Red Rock Resorts, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement