PENN Entertainment, Inc. PENN

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
25/100
Weak

Ranked against 17 peers in Resorts & Casinos

About PENN Entertainment, Inc.

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates portfolio of casinos, racetracks, and online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore BET Sportsbook and Casino brands. The company also engages … Full PENN analysis →

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.71), suggesting sticky customer base.

Key risks

  • Commodity Pressure / Weak Differentiation Gross margin at 5.9th percentile with high volatility suggests weak pricing power or commoditized products.
  • Elevated Debt Risk Debt serviceability is weak (score 0.09), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Weak
18
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where PENN ranks in Resorts & Casinos

PENN Entertainment, Inc. ranks #17 of 18 scored companies in Resorts & Casinos by moat score — the top 94%. The widest moat in the group is Monarch Casino & Resort, Inc. (MCRI) at 83/100.

# Company Moat score Rating
10 MGM Resorts International MGM 51/100 Moderate
11 Studio City International Holdi MSC 50/100 Developing
12 Marriott Vacations Worldwide Co VAC 48/100 Developing
13 Melco Resorts & Entertainment L MLCO 43/100 Developing
14 Golden Entertainment, Inc. GDEN 39/100 Developing
15 Century Casinos, Inc. CNTY 34/100 Developing
16 Bally's Corporation BALY 25/100 Weak
17 PENN Entertainment, Inc. PENN 25/100 Weak
18 Full House Resorts, Inc. FLL 24/100 Weak

See every General Corporate company ranked by moat score →

How PENN scores on the Corporate Default defenses

Pricing Power

Score 18 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 30 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 49 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 29 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 16 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 7 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding PENN's moat

What is PENN Entertainment, Inc.'s moat score?

PENN Entertainment, Inc. (PENN) scores 25 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #17 of 18 scored companies in Resorts & Casinos, the top 94%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 17 companies in Resorts & Casinos. Its strongest defense is Customer Stickiness (49/100) and its weakest is Scale & Market Position (7/100).

How does PENN Entertainment, Inc. compare with other Resorts & Casinos companies?

PENN Entertainment, Inc. ranks #17 of 18 scored companies in Resorts & Casinos by moat score. The widest moat in Resorts & Casinos is Monarch Casino & Resort, Inc. (MCRI) at 83/100. The companies ranked closest are Bally's Corporation (BALY) at 25 just above it and Full House Resorts, Inc. (FLL) at 24 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 17 companies in Resorts & Casinos. The defenses are then weighted to produce the overall score out of 100.

Why is PENN Entertainment, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for PENN Entertainment, Inc.?

The Corporate Default template measures 6 defenses, and PENN scores: Pricing Power (18), Cost Advantage (30), Customer Stickiness (49), Capital Efficiency (29), Resilience (16), Scale & Market Position (7). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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