Red Rock Resorts
Operator of slot-led casino resorts and neighborhood gaming venues across the Las Vegas Valley.
Something off on this page? Send us feedback.
Profile
Operates Station Casinos' Las Vegas neighborhood resorts and smaller casinos, earning most revenue from slot-led gaming alongside dining, hotel rooms and entertainment. Operations are concentrated in the Las Vegas Valley, with a much smaller Native American development and management business.
Operates Station Casinos properties across the Las Vegas Valley, from Red Rock, Green Valley Ranch and Durango resorts to Palace, Boulder, Sunset and Santa Fe Stations and smaller Wildfire and Seventy Six venues. Slot-led casino gaming supplies most revenue, complemented by restaurants, bars, hotel rooms, entertainment, bowling, theaters and meeting space.
Targets Las Vegas residents and repeat visitors through convenient locations, a shared loyalty program, customer-level promotions and regular property refreshes. A much smaller Native American activity develops and will manage the North Fork casino in California.
Performance depends on local discretionary spending, property cash flow for debt service and expansion, and continued gaming and liquor approvals. The listed holding company controls Station LLC but owns only part of its economic interests.
Company facts
Categories
Key statistics
Year to date −9.5% · Average volume (30d) 711.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 5, 2026 | Stifel Nicolaus | Target | $70 | $74 | ||
| Aug 5, 2026 | Barclays | Reiterate | Overweight | $72 | $73 | |
| Jul 22, 2026 | Morgan Stanley | Target | $59 | $61 | ||
| Jul 15, 2026 | Goldman Sachs | Reiterate | Buy | $72 | $73 | |
| Jul 14, 2026 | Wells Fargo | Upgrade | Market Outperform | Overweight | $58 | $75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.51 | $0.67 | +32.4% | $500.1M | $510.3M | +2.0% | −5.13% |
| Apr 29, 2026Q1 FY26 | $0.54 | $0.73 | +35.2% | $505.6M | $507.3M | +0.3% | −3.75% |
| Feb 10, 2026Q4 FY25 | $0.41 | $0.75 | +82.9% | $503.5M | $511.8M | +1.6% | −2.87% |
| Oct 28, 2025Q3 FY25 | $0.36 | $0.68 | +88.9% | $500.9M | $475.6M | −5.1% | −11.73% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $497.9M | $526.3M | $475.6M | $511.8M | $507.3M | $510.3M | |
| Gross profit | $311.5M | $332.1M | $295.7M | $263.8M | $262.7M | $315.5M | |
| Operating income | $154.4M | $168.0M | $131.5M | $143.6M | $143.7M | $136.0M | |
| Net income | $44.7M | $56.4M | $42.3M | $44.7M | $42.9M | $39.1M | |
| Diluted EPS | $0.75 | $0.55 | $0.68 | $0.75 | $0.73 | $0.67 | |
| Gross margin | 62.6% | 63.1% | 62.2% | 51.5% | 51.8% | 61.8% | |
| Operating margin | 31.0% | 31.9% | 27.6% | 28.1% | 28.3% | 26.7% |
Fiscal years (4-quarter sums)FY21 $1.62B · FY22 $1.66B · FY23 $1.72B · FY24 $1.94B · FY25 $2.01B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $136.5M · Total debt $3.63B · Total assets $4.37B · Shareholders' equity $171.1M
Dividends
Raised for 3 straight years — most recently to $0.26 from $0.25 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.26 | |
| Mar 16, 2026 | Mar 16 | Mar 31 | $0.26 | |
| Feb 20, 2026 | Feb 20 | Feb 27 | $1.00 | special dividend |
| Dec 15, 2025 | Dec 15 | Dec 31 | $0.26 | raised from $0.25 |
| Sep 15, 2025 | Sep 15 | Sep 30 | $0.25 | |
| Jun 16, 2025 | Jun 16 | Jun 30 | $0.25 | |
| May 14, 2025 | May 14 | May 21 | $1.00 | special dividend |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.25 |
Ownership
Shares outstanding 58.47M · Float 46.84M · 80.1% free float
Insiders — filings are in another share unit.
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
The Form 4 positions here total more than the shares outstanding, so the filings and the share count are not on the same basis — usually an unlisted unit behind the listed one — and no insider percentage is shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Lorenzo J. Fertitta | 45.66M | 45.53% | 13D | Dec 17, 2025 |
| Bamco Inc /NY/ | 16.39M | 28.04% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 7.33M | 12.53% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 3.44M | 5.88% | 13F | Aug 13, 2026 |
| FMR LLC | 2.73M | 4.67% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | Kord Nichols | officer: EVP & Chief Operating Officer | −9,791 | $63.00 |
| Aug 7, 2026 | Scott Kreeger | officer: President | −31,159 | $61.78 |
Peers
- Boyd Gaming
Closest public peer in Las Vegas locals casinos
- PENN® Entertainment
Henderson resort and sportsbook/digital overlap
- MGM Resorts International
Broad Las Vegas resort and entertainment rival
- Caesars Entertainment
Las Vegas, regional, and digital casino overlap
- Wynn Resorts
Premium Las Vegas gaming and hospitality peer
- Monarch Casino & Resort
Smaller Nevada/regional casino-resort comparable
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Red Rock Resorts | $56.97 | −0.04% | $3.33B | 20.1 | 22.2 | 1.7 | −3.0% |
| Boyd Gaming | $79.95 | +0.63% | $5.77B | 3.5 | 10.7 | 1.4 | +0.0% |
| PENN® Entertainment | $17.36 | +0.03% | $2.32B | — | 11.9 | 0.3 | +5.2% |
| MGM Resorts International | $42.20 | −0.13% | $10.64B | 25.6 | 25.7 | 0.6 | +1.1% |
| Caesars Entertainment | $29.74 | +0.02% | $6.06B | — | — | 0.5 | +3.0% |
| Wynn Resorts | $95.55 | +0.30% | $9.89B | 22.8 | 21.4 | 1.3 | +6.9% |
| Monarch Casino & Resort | $122.57 | −0.08% | $2.20B | 19.6 | 17.7 | 3.9 | +4.2% |
| Median | 21.2 | 17.7 | 1.0 | +3.6% |