Red Rock Resorts, Inc. RRR

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
75/100
Strong

About Red Rock Resorts, Inc.

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 … Full RRR analysis →

Competitive advantage assessment

Key strengths

  • Margins Consistently Above Peers Gross margin at 62.4% (top 12%) and operating margin at 29.7% (top 0%) indicate strong pricing power.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.71), demonstrating pricing resilience across cycles.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.18), raising questions about short-term obligations.

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

Strong
81

Where RRR ranks in Resorts & Casinos

Red Rock Resorts, Inc. ranks #2 of 18 scored companies in Resorts & Casinos by moat score — the top 11%. The widest moat in the group is Monarch Casino & Resort, Inc. (MCRI) at 83/100.

Moat scores for companies ranked near RRR in Resorts & Casinos
# Company Moat score Rating
1 Monarch Casino & Resort, Inc. MCRI 83/100 Strong
2 Red Rock Resorts, Inc. RRR 75/100 Strong
3 Las Vegas Sands Corp. LVS 68/100 Moderate
4 Boyd Gaming Corporation BYD 65/100 Moderate
5 Vail Resorts, Inc. MTN 65/100 Moderate
6 Playa Hotels & Resorts N.V. PLYA 58/100 Moderate
7 Caesars Entertainment, Inc. CZR 56/100 Moderate
8 Wynn Resorts, Limited WYNN 54/100 Moderate
9 Hilton Grand Vacations Inc. HGV 54/100 Moderate

See every General Corporate company ranked by moat score →

How RRR scores on the Corporate Default defenses

Pricing Power

Score 81 · 20% of the moat score

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

Cost Advantage

Score 79 · 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 94 · 15% of the moat score

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

Capital Efficiency

Score 60 · 18% of the moat score

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

Resilience

Score 58 · 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 78 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding RRR's moat

What is Red Rock Resorts, Inc.'s moat score?

Red Rock Resorts, Inc. (RRR) scores 75 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #2 of 18 scored companies in Resorts & Casinos, the top 11%. 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 (94/100) and its weakest is Resilience (58/100).

How does Red Rock Resorts, Inc. compare with other Resorts & Casinos companies?

Red Rock Resorts, Inc. ranks #2 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 Monarch Casino & Resort, Inc. (MCRI) at 83 just above it and Las Vegas Sands Corp. (LVS) at 68 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 Red Rock Resorts, 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 Red Rock Resorts, Inc.?

The Corporate Default template measures 6 defenses, and RRR scores: Pricing Power (81), Cost Advantage (79), Customer Stickiness (94), Capital Efficiency (60), Resilience (58), Scale & Market Position (78). 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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