Pulling SEC filings + quote and writing the call…

Red Rock Resorts, Inc.
Next earnings Jul 27, 2026 (after close) · consensus $0.61 EPS, $511M rev
Last earnings +1.0% on 2026-04-29
High-margin Las Vegas locals casino operator: growing earnings, strong cash flow, ample liquidity at a fair 19.7x P/E.
Sources: SEC EDGAR (CIK 0001653653, latest 10-Q filed 2026-05-07) · EODHD · analysis by claude-code · as of 6/21/2026, 8:57:02 PM.
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Quality fundamentals and an attractive price line up (~28% below fair value) — the rarer case where both the business and the entry look good.
Red Rock Resorts is the leading Las Vegas 'locals' casino operator, a business with a durable competitive position and high-margin economics. FY2025 revenue grew 3.7% to $2.01B (extending a steady climb from $1.62B in FY2021), operating income rose 5.1% to $597M for a strong 29.7% operating margin, net income jumped 22.1% to $188M, and diluted EPS grew 23.3% to $3.12. Operating cash flow was robust at $610M (up 11.2%), funding $319M of capex, a growing dividend ($121M) and a sharply increased buyback ($79M, up from a negligible base).
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $1.62B | $1.66B | $1.72B | $1.94B | $2.01B |
| Gross profit | — | — | — | — | — |
| Operating income | $402M | $561M | $559M | $569M | $597M |
| Net income | $242M | $205M | $176M | $154M | $188M |
| Diluted EPS | $2.84 | $3.36 | $2.94 | $2.53 | $3.12 |
| Net margin | 14.9% | 12.3% | 10.2% | 7.9% | 9.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
1047 tracked peers · median
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
| 2026-06-11 | Cootey Stephen Lawrence EVP & Chief Financial Officer | Award | 38.5K | |
| 2026-06-11 | FERTITTA FRANK J III Chief Executive Officer | Award | 148K | |
| 2026-06-11 | Nichols Kord EVP & Chief Operating Officer | Award | 32.1K | |
| 2026-06-11 | KREEGER SCOTT President | Award | 45.1K | |
| 2026-06-11 | FERTITTA LORENZO J Vice President | Award | 148K | |
| 2026-05-26 | Welch Jeffrey T EVP and Chief Legal Officer | Exercise | 127K @ $24.98 | $3.17M |
| 2026-05-26 | Welch Jeffrey T EVP and Chief Legal Officer | Tax | 84.0K @ $56.25 | $4.73M |
| 2026-03-18 | Cootey Stephen Lawrence EVP & Chief Financial Officer | Tax | 3.95K @ $58.81 | $232K |
| 2026-03-18 | Nichols Kord EVP & Chief Operating Officer | Tax | 4.07K @ $58.81 | $239K |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.