Red Rock Resorts, Inc.

RRR

Consumer CyclicalMid CapUS Equities · NYSE / NASDAQ

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Company Profile

Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and manages casino and entertainment properties in the United States. It owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. was founded in 1976 and is based in Las Vegas, Nevada.

Valuation

Market Cap$5.7B

Current Price$60.94as of Jun 23, 2026

P/E Ratio30.56

P/B Ratio27.59

EV / EBITDA11.29

EV / Sales4.50

Profitability

Operating Margin30.6%

Net Profit Margin9.3%

EBITDA Margin39.9%

Returns

ROE90.3%

ROCE16.2%

ROIC %-

ROA4.5%

Solvency

Current Ratio0.79

Debt / Equity16.52

Debt / Assets0.83

CFO / Net Profit3.24

Price History▲ 19.66% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$2.0B▲ 3.7%

EBITDA$802M▲ 7.7%

Net Profit$188M▲ 22.1%

Cash from Ops (CFO)$610M▲ 11.2%

Free Cash Flow (FCF)$289M▲ 15.8%

Revenue CAGR 3Y6.5%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-2.9%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$2.0B	$802M	$188M	$289M	90.3%	3.7%	22.1%
2024	$1.9B	$744M	$154M	$249M	71.6%	12.5%	-12.5%
2023	$1.7B	$694M	$176M	$-207M	104.2%	3.6%	-14.3%
2022	$1.7B	$693M	$205M	$-19M	469.3%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	1,663.79	1,724.09	1,939.01	2,011.48
Operating Revenue	-	1,573.63	1,628.88	1,838.15	1,910.71
Cost Of Revenue	-	588.72	626.39	744.23	756.31
Gross Profit	-	1,075.07	1,097.69	1,194.78	1,255.18
Operating Expense	-	481.41	507.03	619.39	638.73
Selling General And Administration	-	353.04	374.49	432.28	441.32
Total Expenses	-	1,070.13	1,133.42	1,363.62	1,395.04
Operating Income	-	593.66	590.66	575.40	616.45
Total Operating Income As Reported	-	561.30	558.69	568.69	597.43
EBITDA	-	693.14	694.32	744.12	801.60
Normalized EBITDA	-	725.50	723.22	764.25	812.11
EBIT	-	564.77	561.78	557.01	604.20
Interest Expense	-	129.89	181.02	228.80	201.88
Net Interest Income	-	-129.89	-181.02	-228.80	-201.88
Other Non Operating Income Expenses	-2.59	-	-3.08	-0.70	-4.34
Other Income Expense	-	-28.89	-28.88	-18.39	-12.25
Interest Expense Non Operating	-	129.89	181.02	228.80	201.88
Net Non Operating Interest Income Expense	-	-129.89	-181.02	-228.80	-201.88
Pretax Income	-	434.88	380.76	328.21	402.32
Tax Provision	-	44.53	42.98	36.91	46.65
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	-3.30	-3.27	-2.25	-1.22
Net Income Continuous Operations	-	390.35	337.78	291.29	355.67
Net Income From Continuing And Discontinued Operation	-	205.46	176	154.05	188.07
Net Income From Continuing Operation Net Minority Interest	-	205.46	176	154.05	188.07
Net Income	-	205.46	176	154.05	188.07
Net Income Common Stockholders	-	205.46	176	154.05	188.07
Net Income Including Noncontrolling Interests	-	390.35	337.78	291.29	355.67
Normalized Income	-	234.51	201.64	171.92	197.36
Diluted NI Availto Com Stockholders	-	351.52	303.80	262.47	320.47
Basic Average Shares	-	58.98	57.88	59.02	58.96
Diluted Average Shares	-	104.66	103.22	103.67	102.60
Reconciled Depreciation	-	128.37	132.54	187.11	197.40
Reconciled Cost Of Revenue	-	588.72	626.39	744.23	756.31
Total Unusual Items	-	-32.36	-28.90	-20.13	-10.51
Total Unusual Items Excluding Goodwill	-	-32.36	-28.90	-20.13	-10.51
Minority Interests	-	-184.90	-161.77	-137.24	-167.60
Special Income Charges	-	-32.36	-28.90	-20.40	-6.22
Other Special Charges	-	-47.66	57.40	19.20	6.22
Write Off	-18.68	-47.66	-	-	-
Impairment Of Capital Assets	177.66	80.02	0	0	-
Gain On Sale Of Security	-0.22	-	-	0.27	-4.29
Depreciation Amortization Depletion Income Statement	-	128.37	132.54	187.11	197.40
Depreciation And Amortization In Income Statement	-	128.37	132.54	187.11	197.40
Gain On Sale Of Ppe	-177.66	-	28.50	-1.20	-
Earnings From Equity Interest	-	3.47	3.10	2.45	2.61
Average Dilution Earnings	-	146.07	127.80	108.42	132.41

Peer Comparison

Consumer Cyclical sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Red Rock Resorts, Inc.this co.	RRR	$5.7B	30.56↑ premium	27.59	90.3%	11.29
Mohawk Industries, Inc.	MHK	$6.4B	17.34	0.77	4.4%	7.03
Etsy, Inc.	ETSY	$6.4B	39.04	-	-14.8%	21.30
Caesars Entertainment, Inc.	CZR	$6.0B	-11.87	1.70	-14.3%	9.10
Brinker International, Inc.	EAT	$5.9B

Learn while you research

Hand-picked academy chapters to deepen your understanding of Red Rock Resorts, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$2.0B

$802M

$188M

$289M

90.3%

3.7%

22.1%

2024

$1.9B

$744M

$154M

$249M

71.6%

12.5%

-12.5%

2023

$1.7B

$694M

$176M

$-207M

104.2%

3.6%

-14.3%

2022

$1.7B

$693M

$205M

$-19M

469.3%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

1,663.79

1,724.09

1,939.01

2,011.48

Operating Revenue

1,573.63

1,628.88

1,838.15

1,910.71

Cost Of Revenue

588.72

626.39

744.23

756.31

Gross Profit

1,075.07

1,097.69

1,194.78

1,255.18

Operating Expense

481.41

507.03

619.39

638.73

Selling General And Administration

353.04

374.49

432.28

441.32

Total Expenses

1,070.13

1,133.42

1,363.62

1,395.04

Operating Income

593.66

590.66

575.40

616.45

Total Operating Income As Reported

561.30

558.69

568.69

597.43

EBITDA

693.14

694.32

744.12

801.60

Normalized EBITDA

725.50

723.22

764.25

812.11

EBIT

564.77

561.78

557.01

604.20

Interest Expense

129.89

181.02

228.80

201.88

Net Interest Income

-129.89

-181.02

-228.80

-201.88

Other Non Operating Income Expenses

-2.59

-3.08

-0.70

-4.34

Other Income Expense

-28.89

-28.88

-18.39

-12.25

Interest Expense Non Operating

129.89

181.02

228.80

201.88

Net Non Operating Interest Income Expense

-129.89

-181.02

-228.80

-201.88

Pretax Income

434.88

380.76

328.21

402.32

Tax Provision

44.53

42.98

36.91

46.65

Tax Rate For Calcs

Tax Effect Of Unusual Items

-3.30

-3.27

-2.25

-1.22

Net Income Continuous Operations

390.35

337.78

291.29

355.67

Net Income From Continuing And Discontinued Operation

205.46

176

154.05

188.07

Net Income From Continuing Operation Net Minority Interest

205.46

176

154.05

188.07

Net Income

205.46

176

154.05

188.07

Net Income Common Stockholders

205.46

176

154.05

188.07

Net Income Including Noncontrolling Interests

390.35

337.78

291.29

355.67

Normalized Income

234.51

201.64

171.92

197.36

Diluted NI Availto Com Stockholders

351.52

303.80

262.47

320.47

Basic Average Shares

58.98

57.88

59.02

58.96

Diluted Average Shares

104.66

103.22

103.67

102.60

Reconciled Depreciation

128.37

132.54

187.11

197.40

Reconciled Cost Of Revenue

588.72

626.39

744.23

756.31

Total Unusual Items

-32.36

-28.90

-20.13

-10.51

Total Unusual Items Excluding Goodwill

-32.36

-28.90

-20.13

-10.51

Minority Interests

-184.90

-161.77

-137.24

-167.60

Special Income Charges

-32.36

-28.90

-20.40

-6.22

Other Special Charges

-47.66

57.40

19.20

6.22

Write Off

-18.68

-47.66

Impairment Of Capital Assets

177.66

80.02

Gain On Sale Of Security

-0.22

0.27

-4.29

Depreciation Amortization Depletion Income Statement

128.37

132.54

187.11

197.40

Depreciation And Amortization In Income Statement

128.37

132.54

187.11

197.40

Gain On Sale Of Ppe

-177.66

28.50

-1.20

Earnings From Equity Interest

3.47

3.10

2.45

2.61

Average Dilution Earnings

146.07

127.80

108.42

132.41

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Red Rock Resorts, Inc.this co.

RRR

$5.7B

30.56↑ premium

27.59

90.3%

11.29

Mohawk Industries, Inc.

MHK

$6.4B

17.34

0.77

4.4%

7.03

Etsy, Inc.

ETSY

$6.4B

39.04

-14.8%

21.30

Caesars Entertainment, Inc.

CZR

$6.0B

-11.87

1.70

-14.3%

9.10

Brinker International, Inc.

EAT

$5.9B

Red Rock Resorts, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Red Rock Resorts, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on