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Nasdaq · Consumer Discretionary

Red Rock Resorts, Inc. (RRR)

As-reported financials and SEC filings for Red Rock Resorts, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Red Rock Resorts, Inc.

Red Rock Resorts, Inc. is a holding company that owns and manages Station Casinos LLC, which develops and operates casino and entertainment properties primarily in the Las Vegas valley. The company operates seven major gaming facilities and 13 smaller casinos, offering gaming, dining, hotel, and entertainment services mainly to local residents and visitors. Its primary revenue comes from gaming activities, especially slot play, supplemented by non-gaming amenities such as restaurants and hotels.

Snapshot

Revenue
$2.01B
Revenue growth (YoY)
3.7%
Net income
$188.1M
Diluted EPS
$3.12
Gross margin
Operating margin
29.7%
Net margin
9.3%
FCF margin
14.4%
ROE
56.6%
net income / fiscal-year-end equity
P/E
21.1×
trailing when available, otherwise FY EPS
Market cap
$6.09B
Long-term debt / equity
10.17×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Red Rock Resorts

  • Revenue grew 3.7% to $2.0B in FY2025, slower than the 12.5% the year before.
  • Operating margin is 29.7% in FY2025, +4.9 pp against 24.8% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $510M, down 3.0% from Q2 FY2025.
  • Free cash flow was $291M in FY2025, 14.4% of revenue.
  • Net income rose 22.1% to $188M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Red Rock Resorts’s fundamentals sit among the 403 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin29.7%
99th percentile of 348
Net margin9.3%
80th percentile of 377
FCF margin14.4%
90th percentile of 351
Revenue growth (YoY)+3.7%
51st percentile of 394
ROE56.6%
95th percentile of 343
P/E21.1×
60th percentile of 249
Long-term debt / equity10.17×
97th percentile of 234
Short interest3.74d
47th percentile of 401

Red Rock Resorts’s operating margin of 29.7% ranks in the 99th percentile of the 348 Consumer Discretionary companies reporting it. Red Rock Resorts’s long-term debt to equity of 10.17 ranks in the 97th percentile of the 234 Consumer Discretionary companies reporting it. Red Rock Resorts’s return on equity of 56.6% ranks in the 95th percentile of the 343 Consumer Discretionary companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $2.5M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 4 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+4 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
4
2 trimmed, 2 exited
Combined position
$42.8M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$25.0M384.2KAdded
Citadel AdvisorsquantQ2 2026$12.9M198.1KAdded
AQR Capital ManagementquantQ2 2026$3.3M51.1KAdded
Two Sigma InvestmentsquantQ2 2026$1.2M18.1KReduced
Gotham Asset ManagementQ2 2026$422,3046.5KReduced

No longer held by: D. E. Shaw (as of Q2 2026), Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$2.5M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-12
filed 2026-08-13
Nichols KordEVP & Chief Operating OfficerSell9.8K$63.00$617K
2026-08-07
filed 2026-08-10
KREEGER SCOTTPresidentSell31.2K$61.78$1.9M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.4M
settled 2026-08-14
Change vs prior
+10.2%
vs previous settlement
Days to cover
3.74
at avg daily volume
Avg daily volume
911.3K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.4M+10.2%3.74
2026-07-313.1M-6.8%5.32
2026-07-153.3M+1.9%5.15
2026-06-303.3M-26.9%3.85
2026-06-154.5M+10.7%5.68
2026-05-294.0M+20.5%4.42
2026-05-153.3M-3.2%4.03
2026-04-303.4M+4.3%2.89

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.01B$1.94B$1.72B$1.66B$1.62B
Gross profit
Operating income$597.4M$568.7M$558.7M$561.3M$401.5M
Net income$188.1M$154.1M$176.0M$205.5M$241.8M
Diluted EPS$3.12$2.53$2.94$3.36$2.84

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$609.5M$548.3M$494.3M$542.2M$610.0M
Capital expenditure$319.0M$283.9M$699.5M$328.6M$61.3M
Free cash flow$290.5M$264.4M$-205.2M$213.6M$548.7M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$510.3M-3.0%$39.1M$0.67
Q1 FY2026$507.3M1.9%$42.9M$0.73
Q4 FY2025$511.8M3.2%$44.7M$0.44
Q3 FY2025$475.6M1.6%$42.3M$0.68
Q2 FY2025$526.3M8.2%$56.4M$0.95
Q1 FY2025$497.9M1.8%$44.7M$0.75
Q4 FY2024$495.7M7.1%$46.6M$0.45
Q3 FY2024$468.0M13.7%$29.0M$0.48

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorConsumer Discretionary
SIC industryHotels & Motels
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2015
SEC CIK1653653

Selected SEC filings

10-K2026-02-20
View on EDGAR →
10-Q2026-08-07
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-11-06
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-06-12
View on EDGAR →
8-K2026-06-08
View on EDGAR →
8-K2026-04-29
View on EDGAR →

Largest Consumer Discretionary peers

All Consumer Discretionary companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.