A Business at a Glance
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Red Rock Resorts, Inc.
RRR
$3.9B
Mkt Cap
$63.92
+1.82%
Red Rock Resorts, Inc. (RRR) has a current P/E ratio of 20.5, compared to its historical median P/E of 16.9. The stock is currently considered Fair based on its historical valuation range.
Red Rock Resorts, Inc. (RRR) has a 5-year average return on invested capital (ROIC) of 15.5%. This indicates strong capital allocation and a potential competitive advantage.
Red Rock Resorts, Inc. (RRR) has a market capitalization of $3.8B. It is classified as a mid-cap stock.
Yes, Red Rock Resorts, Inc. (RRR) pays a dividend with a trailing twelve-month yield of 4.75%. The company also returns capital through share buybacks, with a buyback yield of 3.09%.
Based on historical P/E analysis, Red Rock Resorts, Inc. (RRR) appears fair. The current P/E of 20.5 is 21% above its historical median of 16.9. The estimated fair value CAGR (P/E method) is 31.9%.
Red Rock Resorts, Inc. (RRR) operates in the Hotels & Motels industry, within the Consumer Cyclical sector.
Red Rock Resorts, Inc. (RRR) reported annual revenue of $2.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
Red Rock Resorts, Inc. (“we,” “our,” “us,” “Red Rock” or the “Company”) is a holding company that owns an indirect equity interest in and manages Station Casinos LLC (“Station LLC”), through which we conduct all of our operations. Station LLC is a gaming, development and management company established in 1976 that develops and operates strategically-located casino and entertainment properties. Station LLC owns and operates seven major gaming and entertainment facilities, including Durango Casino & Resort (“Durango”), and 13 smaller casinos (three of which are 50% owned). Durango opened in December of 2023 on approximately 50 acres of land at the intersection of Interstate 215 and Durango Drive in the southwest Las Vegas valley.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.0B | 2.0B | 1.9B | 1.7B | 1.7B | 1.6B |
| Net Income | 186M | 188M | 154M | 176M | 205M | 242M |
| EPS | $2.12 | $3.12 | $2.53 | $2.94 | $3.36 | $2.84 |
| Free Cash Flow | 255M | 291M | 264M | -205M | 214M | 549M |
| ROIC | 13.2% | 15.2% | 14.7% | 15.7% | 18.0% | 13.9% |
| Gross Margin | - | 71.5% | 73.1% | 72.3% | 70.5% | 62.4% |
| Debt/Equity | 24.86 | 16.47 | 16.00 | 19.92 | 68.96 | 48.38 |
| Dividends/Share | $3.03 | $2.00 | $1.94 | $0.98 | $1.91 | $3.00 |
| Operating Income | 587M | 597M | 569M | 559M | 561M | 402M |
| Operating Margin | 29.0% | 29.7% | 29.3% | 32.4% | 33.7% | 24.8% |
| ROE | 130.5% | 88.8% | 80.3% | 165.6% | 397.9% | 117.4% |
| Shares Outstanding | 59M | 60M | 61M | 60M | 61M | 85M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.3B | 1.4B | 1.5B | 1.6B | 1.7B | 1.9B | 1.2B | 1.6B | 1.7B | 1.7B | 1.9B | 2.0B | 2.0B |
| Gross Margin | 64.8% | 66.4% | 63.3% | 62.2% | 64.6% | 52.9% | 65.4% | 62.4% | 70.5% | 72.3% | 73.1% | 71.5% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 320M | 328M | 327M | 381M | 390M | 416M | 325M | 347M | 353M | 374M | 432M | 441M | 451M |
| EBIT | 237M | 287M | 310M | 331M | 372M | 186M | 89M | 402M | 561M | 559M | 569M | 597M | 587M |
| Op. Margin | 18.4% | 21.2% | 21.0% | 20.2% | 22.1% | 10.0% | 7.5% | 24.8% | 33.7% | 32.4% | 29.3% | 29.7% | 29.0% |
| Net Income | 101M | 138M | 92M | 35M | 158M | -3.4M | -150M | 242M | 205M | 176M | 154M | 188M | 186M |
| Net Margin | 7.8% | 10.2% | 6.2% | 2.2% | 9.4% | -0.2% | -12.7% | 14.9% | 12.3% | 10.2% | 7.9% | 9.3% | 9.2% |
| Non-Recurring | -6.0M | 5.8M | -2.9M | -19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/A | 18.3% | 11.3% | 7.4% | 11.1% | 5.6% | 2.7% | 13.9% | 18.0% | 15.7% | 14.7% | 15.2% | 13.2% |
| ROE | N/A | 23.0% | 20.4% | 9.7% | 35.1% | -0.7% | -35.3% | 117.4% | 397.9% | 165.6% | 80.3% | 88.8% | 130.5% |
| ROA | N/A | 9.3% | 2.8% | 1.0% | 4.1% | -0.1% | -3.8% | 7.0% | 6.3% | 4.8% | 3.9% | 4.6% | 4.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 270M | 349M | 346M | 290M | 346M | 317M | 213M | 610M | 542M | 494M | 548M | 610M | 623M |
| Free Cash Flow | 167M | 220M | 184M | 42M | -233M | -37M | 154M | 549M | 214M | -205M | 264M | 291M | 255M |
| Owner Earnings | 129M | 192M | 183M | 104M | 154M | 78M | -29M | 439M | 396M | 342M | 330M | 380M | 386M |
| CapEx | 103M | 130M | 162M | 248M | 579M | 353M | 58M | 61M | 329M | 700M | 284M | 319M | 368M |
| Maint. CapEx | 128M | 138M | 157M | 178M | 180M | 222M | 231M | 158M | 128M | 133M | 187M | 197M | 205M |
| Growth CapEx | 0 | 0 | 5.7M | 70M | 399M | 131M | 0 | 0 | 200M | 567M | 97M | 122M | 163M |
| D&A | 128M | 138M | 157M | 178M | 180M | 222M | 231M | 158M | 128M | 133M | 187M | 197M | 205M |
| CapEx/OCF | N/A | N/A | 46.9% | 85.7% | 167.4% | 111.6% | 27.5% | 10.0% | 60.6% | 141.5% | 51.8% | 52.3% | 59.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 11M | 27M | 28M | 28M | 7.3M | 204M | 117M | 59M | 118M | 121M | 180M |
| Dividend Yield | N/A | N/A | 0.7% | 1.7% | 1.3% | 2.3% | 0.8% | 7.3% | 5.3% | 2.4% | 3.9% | 3.9% | 4.7% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 376K | 0 | 500M | 142M | 0 | 3.9M | 79M | 117M |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | 0.0% | 13.1% | 6.7% | N/A | 0.1% | 2.1% | 3.1% |
| Stock-Based Comp | 13M | 20M | 6.9M | 7.9M | 11M | 17M | 11M | 13M | 18M | 20M | 31M | 32M | 32M |
| Debt Repayment | 71M | 83M | 1.5B | 636M | 223M | 527M | 1.9B | 696M | 173M | 139M | 2.4B | 416M | 416M |
| Balance Sheet | |||||||||||||
| Net Debt | -122M | 2.1B | 2.2B | 2.4B | 2.7B | 2.9B | 2.8B | 2.6B | 2.9B | 3.2B | 3.3B | 3.3B | 3.4B |
| Cash & Equiv. | 123M | 116M | 134M | 231M | 115M | 129M | 121M | 275M | 117M | 138M | 164M | 142M | 134M |
| Long-Term Debt | N/A | 2.1B | 2.4B | 2.6B | 2.8B | 3.0B | 2.9B | 2.8B | 3.0B | 3.3B | 3.4B | 3.4B | 3.5B |
| Debt/Equity | N/A | 3.93 | 6.77 | 6.91 | 5.50 | 6.09 | 8.27 | 48.38 | 68.96 | 19.92 | 16.00 | 16.47 | 24.86 |
| Interest Coverage | 1.6 | 2.0 | 2.2 | 2.5 | 2.6 | 1.2 | 0.7 | 3.9 | 4.3 | 3.1 | 2.5 | 3.0 | 2.9 |
| Equity | N/A | 553M | 350M | 379M | 520M | 501M | 353M | 59M | 44M | 169M | 215M | 208M | 143M |
| Total Assets | N/A | 2.9B | 3.5B | 3.6B | 4.0B | 4.1B | 3.7B | 3.1B | 3.3B | 4.0B | 4.0B | 4.2B | 4.2B |
| Total Liabilities | N/A | 2.4B | 2.9B | 3.0B | 3.2B | 3.3B | 3.1B | 3.1B | 3.3B | 3.7B | 3.7B | 3.8B | 4.0B |
| Intangibles | N/A | 150M | 149M | 128M | 117M | 109M | 101M | 87M | 84M | 83M | 81M | 80M | 80M |
| Retained Earnings | N/A | 0 | 18M | 26M | 156M | 124M | -33M | 3.9M | 43M | 161M | 196M | 208M | 142M |
| Working Capital | N/A | -47M | 3.1M | 96M | -72M | 5.6M | 24M | 174M | -72M | -67M | -30M | -76M | -67M |
| Current Assets | N/A | 212M | 250M | 342M | 262M | 282M | 225M | 379M | 221M | 282M | 295M | 287M | 278M |
| Current Liabilities | N/A | 259M | 247M | 245M | 334M | 276M | 200M | 205M | 293M | 349M | 325M | 363M | 345M |
| Per Share Data | |||||||||||||
| EPS | 1.12 | 1.53 | 1.03 | 0.42 | 1.77 | -0.05 | -2.13 | 2.84 | 3.36 | 2.94 | 2.53 | 3.12 | 2.12 |
| Owner EPS | 1.44 | 2.13 | 2.05 | 1.23 | 1.74 | 1.16 | -0.42 | 5.16 | 6.48 | 5.71 | 5.42 | 6.30 | 6.50 |
| Book Value | N/A | 6.15 | 3.92 | 4.49 | 5.84 | 7.47 | 4.99 | 0.70 | 0.72 | 2.82 | 3.53 | 3.46 | 2.40 |
| Cash Flow/Share | 3.01 | 3.88 | 3.88 | 3.44 | 3.89 | 4.72 | 3.01 | 7.16 | 8.87 | 8.26 | 9.00 | 10.11 | 6.59 |
| Dividends/Share | 0.00 | 0.00 | 0.12 | 0.40 | 0.40 | 0.40 | 0.10 | 3.00 | 1.91 | 0.98 | 1.94 | 2.00 | 3.03 |
| Shares Out. | 89.8M | 90.0M | 89.3M | 84.3M | 89.0M | 67.0M | 70.6M | 85.2M | 61.1M | 59.9M | 60.9M | 60.3M | 59.4M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | 17.0 | 63.3 | 8.9 | N/A | N/A | 15.8 | 10.4 | 16.7 | 17.3 | 19.8 | 30.2 |
| P/FCF | N/A | N/A | 8.5 | 53.9 | N/A | N/A | 9.2 | 7.0 | 10.0 | N/A | 10.1 | 12.8 | 14.9 |
| EV/EBIT | N/A | N/A | 12.2 | 13.4 | 10.9 | 22.0 | 46.4 | 15.3 | 8.7 | 10.8 | 10.1 | 11.5 | 12.3 |
| Price/Book | N/A | N/A | 4.5 | 5.9 | 2.7 | 2.5 | 4.0 | 64.1 | 48.6 | 17.4 | 12.4 | 17.9 | 26.6 |
| Price/Sales | N/A | N/A | 1.0 | 1.0 | 1.2 | 0.7 | 0.8 | 1.7 | 1.3 | 1.4 | 1.6 | 1.5 | 1.9 |
| FCF Yield | N/A | N/A | 11.8% | 1.9% | -16.7% | -2.9% | 10.8% | 14.4% | 10.0% | -7.0% | 9.9% | 7.8% | 6.7% |
| Market Cap | 0 | N/A | 1.6B | 2.2B | 1.4B | 1.3B | 1.4B | 3.8B | 2.1B | 2.9B | 2.7B | 3.7B | 3.8B |
| Avg. Price | 0.00 | N/A | 16.53 | 18.50 | 23.46 | 18.26 | 13.34 | 32.89 | 36.04 | 40.52 | 50.49 | 50.90 | 63.92 |
| Year-End Price | 0.00 | N/A | 17.54 | 26.57 | 15.69 | 19.05 | 20.18 | 44.80 | 34.78 | 49.13 | 43.67 | 61.79 | 63.92 |
Red Rock Resorts, Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Red Rock Resorts, Inc. trades at 20.5x trailing earnings, compared to its 15-year median P/E of 16.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 13.0x vs a median of 10.0x. The company's 5-year average ROIC is 15.5% with a gross margin of 70.0%. Total shareholder yield (dividends + buybacks) is 7.8%. At current prices, the estimated annualized return to fair value is +15.1%.
Red Rock Resorts, Inc. (RRR) has a net profit margin of 9.3%. This is a modest margin.
Red Rock Resorts, Inc. (RRR) generated $291 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Red Rock Resorts, Inc. (RRR) has a debt-to-equity ratio of 16.47. This indicates higher leverage, which may increase financial risk.
Red Rock Resorts, Inc. (RRR) reported earnings per share (EPS) of $3.12 in its most recent fiscal year.
Red Rock Resorts, Inc. (RRR) has a return on equity (ROE) of 88.8%. This indicates the company generates strong returns for shareholders.
Red Rock Resorts, Inc. (RRR) has a 5-year average gross margin of 70.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 12 years of financial data for Red Rock Resorts, Inc. (RRR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Red Rock Resorts, Inc. (RRR) has a book value per share of $3.46, based on its most recent annual SEC filing.
No recent press releases.