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Operates Las Vegas-area 'locals' casinos and resorts catering mainly to local residents rather than tourists.
Operates Las Vegas-area 'locals' casinos and resorts catering mainly to local residents rather than tourists.
Earns from gambling at its own casinos, mainly slot machines but also tables, plus hotel, dining and entertainment income, with repeat local visitors encouraged by its Boarding Pass loyalty programme. The Fertitta family controls it. It opened Durango, a new Las Vegas casino, in late 2023.
Moat: narrow (scale, brand, regulatory licence). Dominant network of locals-oriented casino properties around Las Vegas, protected by gaming licensing.
Headquarters: Las Vegas, Nevada, US · Founded: 1976 · Employees: 9,500
Size Red Rock Resorts (RRR) is a United States Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $5.06B, the 1178th largest of 3,117 United States companies the cockpit tracks. Shares closed at $48.22 on 6 Nov 2026.
Performance Over six months the shares fell 11.5%, against +7.1% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue grew 1.1% over the last twelve months (peer median +4.7%); the operating margin is 23.1% (peer median 14.9%).
Valuation It trades at 17.9× forward earnings against a peer median of 16.7× (8th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.1 points below its cost of capital (9.2% WACC).
Short interest Short interest is 7.2% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.02B | $2.01B | $1.94B | $1.72B | $1.66B |
| Revenue growth | — | +4% | +12% | +4% | — |
| Gross profit | $959M | $1.06B | $1.01B | $965M | $947M |
| EBITDA | $695M | $814M | $763M | $723M | $722M |
| Net income | $117M | $188M | $154M | $176M | $205M |
| Free cash flow | n/a | $289M | $249M | -$207M | -$19.1M |
| Capital expenditure | n/a | $355M | $321M | $706M | $561M |
| Total debt | $3.70B | $3.48B | $3.44B | $3.36B | $3.02B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Red Rock Resorts RRR | $5.06B | -11% | +1% | 23% | 17.9× | 13.3% |
| Boyd Gaming BYD | $5.41B | -11% | 0% | 19% | 10.1× | n/a |
| MGM Resorts MGM | $8.18B | -17% | +3% | 6% | 24.0× | 16.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | RRR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.3% | +10.9% | 2nd lowest of 21 |
| 6-month return | -11.5% | +7.1% | 3rd lowest of 21 |
| Distance from 52-week high | -30.1% | -12.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | +1.1% | +4.7% | 6th lowest of 21 |
| Operating margin | 23.1% | 14.9% | 6th highest of 21 |
| Forward P/E | 17.9× | 16.7× | 8th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 13.3% | 3.2% | 4th most demanding of 17 |
| Growth delivered (Del g) | +11.2% | +17.2% | 7th lowest of 17 |
| Hurdle (Req g minus delivered) | +2.1 pp | -19.3 pp | 2nd most demanding of 17 |
| ROIC minus cost of capital | -0.1 pp | -0.2 pp | 10th highest of 20 |
| EV / EBITDA | 12.7× | 12.2× | 9th most expensive of 18 |
| Net debt / EBITDA | 4.8× | 3.9× | 6th most indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Red Rock Resorts RRR | United States | $5.06B | -11% | +1% | 23% | 17.9× | 13.3% | +11.2% |
| Choice Hotels International CHH | United States | $5.29B | +12% | +2% | 25% | 15.8× | 4.8% | +15.6% |
| Atour Lifestyle Holdings Ltd. Sponsored ADR ATAT | United States | $4.82B | -6% | +45% | 21% | 15.8× | 1.8% | +43.1% |
| Wyndham Hotels & Resorts WH | United States | $5.64B | -6% | +1% | 37% | 15.2× | 1.8% | +1.8% |
| Travel + Leisure TNL | United States | $4.54B | +15% | +5% | 17% | 8.8× | 3.2% | +11.2% |
| Vail Resorts MTN | United States | $5.66B | +26% | -4% | 16% | 27.9× | 9.6% | +8.2% |
| Seibu 9024.T | Japan | $6.11B | +2% | -41% | 10% | 29.6× | n/a | n/a |
| Monte-Carlo Societe des Bains de Mer BAIN.PA | France | $4.06B | +9% | +12% | 9% | n/a | 24.2% | +20.7% |
| Whitbread WTB.L | United Kingdom | $6.37B | +25% | +2% | 21% | 15.8× | 9.7% | +37.7% |
| ITC Hotels ITCHOTELS.NS | India | $3.85B | +5% | +65% | 25% | 34.6× | 37.0% | +64.8% |
| Shanghai Jin Jiang International Hotels 600754.SS | China | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% | +6.9% |
| Norwegian Cruise Line NCLH | United States | $8.23B | +5% | +5% | 14% | 13.8× | n/a | n/a |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| Hanjinkal 180640.KS | South Korea | $9.60B | +74% | +7% | 1% | 43.3× | n/a | n/a |
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Resorttrust 4681.T | Japan | $2.36B | -1% | +8% | 12% | 16.4× | -6.4% | +9.4% |
| Scandic Hotels SHOT.ST | Sweden | $2.29B | +16% | +3% | 13% | 17.2× | 3.2% | +24.4% |
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | China | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% | +7.6% |
| Lindblad Expeditions LIND | United States | $2.23B | +61% | +17% | 8% | 89.0× | 33.0% | +56.4% |
| Hbx Group International HBX.MC | Spain | $2.19B | +29% | +4% | 38% | 9.6× | -4.2% | +18.4% |