Bally's Corporation (BALY) Key Metrics
BALY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $657.1M
- Enterprise value
- $7.13B
- P/E (TTM)
- —
- Forward P/E
- 45.9
- PEG ratio
- —
- Price / sales
- 0.2 10-yr median 0.5
- Price / book
- 1.0 10-yr median 1.4
- EV / EBITDA
- 71.9 10-yr median 19.3
- Dividend yield
- —
- Beta
- 2.05
BALY key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBALY valuation Price multiples at each fiscal year-end price.
Price / sales+6.6%
0.4
2025 · hover or tap a bar for each year
20162025
Price / book−96.4%
1.0
2025 · hover or tap a bar for each year
20162025
EV / EBITDA+44.2%
19.3
2025 · hover or tap a bar for each year
20162025
Free cash flow yield−17.6 pts
−27.5%
2025 · hover or tap a bar for each year
20162025
BALY returns How much profit the business earns on the capital it uses.
Return on equity+33.7 pts
−136.7%
2025 · hover or tap a bar for each year
20162025
Return on invested capital+4.3 pts
0.4%
2025 · hover or tap a bar for each year
20162025
Return on assets+0.7 pts
−8.2%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin−6.9 pts
−10.4%
2025 · hover or tap a bar for each year
20162025
Asset turnover−19.3%
0.31
2025 · hover or tap a bar for each year
20162025
BALY per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−13.4%
$43.78
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$11.55
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
−$4.54
2025 · hover or tap a bar for each year
20162025
Book value per share+2,470.8%
$16.39
2025 · hover or tap a bar for each year
20162025
Shares outstanding+25.2%
60.7M
2025 · hover or tap a bar for each year
20162025
BALY financial health Debt, liquidity and how easily interest is covered.
Debt / equity−96.0%
6.47
2025 · hover or tap a bar for each year
20162025
Net debt+$868.2M
$5.64B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA+5.06
16.37
2025 · hover or tap a bar for each year
20162025
Current ratio+20.8%
0.80
2025 · hover or tap a bar for each year
20162025
Interest coverage
0.1
2025 · hover or tap a bar for each year
20162025
Debt / assets−32.0%
0.57
2025 · hover or tap a bar for each year
20162025
BALY efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding+6 days
28 days
2025 · hover or tap a bar for each year
20162025
Days of inventory+4 days
9 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+9 days
34 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+1 days
3 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−1.2 pts
6.9%
2025 · hover or tap a bar for each year
20162025
BALY valuation history
Fiscal year-endToday10-year median
BALY returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BALY debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BALY cash returned to shareholders
DividendsBuybacksFree cash flow
BALY price vs earnings per share
Share price at year-endEPS (right axis)
BALY key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.00B | $867.1M | $743.7M | $1.13B | $1.89B | $1.57B | $970.1M | — | — | — |
| Enterprise value | $6.64B | $5.63B | $5.65B | $5.44B | $5.66B | $2.61B | $1.49B | — | — | — |
| P/E ratio | — | — | — | — | — | — | 17.6 | — | — | — |
| Price / sales | 0.4 | 0.4 | 0.3 | 0.5 | 1.4 | 4.2 | 1.9 | — | — | — |
| Price / book | 1.0 | 28.1 | 1.2 | 1.4 | 1.2 | 4.8 | 4.6 | — | — | — |
| Price / free cash flow | — | — | — | — | — | 423.0 | 14.7 | — | — | — |
| Price / operating cash flow | — | 7.6 | 3.9 | 4.2 | 22.8 | 80.7 | 10.3 | — | — | — |
| EV / sales | 2.5 | 2.3 | 2.3 | 2.4 | 4.3 | 7.0 | 2.8 | — | — | — |
| EV / EBITDA | 19.3 | 13.4 | 18.2 | 99.1 | 39.4 | 101.6 | 9.4 | — | — | — |
| EV / free cash flow | — | — | — | — | — | 701.3 | 22.6 | — | — | — |
| Earnings yield | −69.9% | −65.5% | −25.2% | −37.8% | −6.1% | −0.3% | 5.7% | — | — | — |
| Free cash flow yield | −27.5% | −9.9% | −16.5% | −12.5% | −4.2% | 0.2% | 6.8% | — | — | — |
| Dividend yield | — | — | — | 0.0% | 203.1% | 0.2% | 0.8% | — | — | — |
| Shareholder yield (dividends + buybacks) | 41.5% | 0.0% | 13.3% | 13.6% | 207.7% | 2.9% | 23.8% | — | — | — |
| Share price at fiscal year-end | $16.52 | $17.89 | $13.94 | $19.38 | $38.06 | $50.23 | $25.65 | — | — | — |
| Per share | ||||||||||
| Revenue per share | $43.78 | $50.56 | $45.91 | $38.82 | $26.64 | $11.90 | $13.84 | $11.35 | $10.95 | $10.57 |
| Earnings per share | −$11.55 | −$11.71 | −$3.51 | −$7.32 | −$2.31 | −$0.18 | $1.46 | $1.85 | $1.62 | $1.14 |
| Operating cash flow per share | −$1.50 | $2.35 | $3.54 | $4.66 | $1.67 | $0.62 | $2.49 | $2.83 | $2.80 | $1.80 |
| Free cash flow per share | −$4.54 | −$1.77 | −$2.30 | −$2.43 | −$1.61 | $0.12 | $1.74 | −$0.51 | $1.56 | $1.55 |
| Cash per share | $13.16 | $3.53 | $3.06 | $3.66 | $4.15 | $4.09 | $4.83 | $2.01 | $2.23 | $1.41 |
| Book value per share | $16.39 | $0.64 | $11.91 | $13.87 | $32.47 | $10.43 | $5.59 | $7.75 | $4.60 | $2.94 |
| Tangible book value per share | −$89.63 | −$63.47 | −$59.45 | −$49.94 | −$60.20 | −$16.73 | −$0.85 | $1.47 | −$1.84 | −$3.50 |
| Dividends per share | — | — | — | $0.00 | $77.30 | $0.10 | $0.20 | $0.02 | $0.20 | — |
| Capex per share | $3.04 | $4.12 | $5.84 | $7.09 | $3.28 | $0.50 | $0.75 | $3.34 | $1.24 | $0.26 |
| Debt per share | $106.03 | $101.90 | $94.95 | $77.86 | $80.11 | $37.15 | $18.53 | $10.22 | $10.18 | $10.57 |
| Shares outstanding | 60.7M | 48.5M | 53.4M | 58.1M | 49.6M | 31.3M | 37.8M | 38.6M | 38.4M | 39.3M |
| Change in shares outstanding | +25.2% | −9.2% | −8.2% | +17.1% | +58.5% | −17.2% | −1.9% | +0.3% | −2.1% | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −136.7% | −170.4% | −26.0% | −35.2% | −11.8% | −2.0% | 21.6% | 30.0% | 42.6% | 38.8% |
| Return on invested capital (ROIC) | 0.4% | −3.9% | 1.5% | 2.6% | 3.4% | −1.4% | 12.5% | 16.1% | 15.9% | 12.7% |
| Return on assets (ROA) | −8.2% | −8.9% | −2.8% | −6.6% | −2.7% | −0.4% | 6.1% | 9.5% | 9.2% | 7.0% |
| Return on tangible assets | −14.6% | −20.6% | −6.1% | −16.4% | −5.9% | −0.5% | 7.1% | 13.2% | 13.2% | 11.6% |
| Free cash flow margin | −10.4% | −3.5% | −5.0% | −6.3% | −6.0% | 1.0% | 12.6% | −4.5% | 14.2% | 14.6% |
| Income quality (OCF / net income) | — | — | — | — | — | — | 1.71 | 1.53 | 1.73 | 1.58 |
| Financial health | ||||||||||
| Total debt | $6.43B | $4.94B | $5.07B | $4.52B | $3.98B | $1.16B | $700.8M | $394.2M | $391.2M | $415.0M |
| Cash & short-term investments | $798.4M | $171.2M | $163.2M | $212.5M | $206.2M | $128.1M | $182.6M | $77.6M | $85.8M | $55.4M |
| Net debt | $5.64B | $4.77B | $4.90B | $4.31B | $3.77B | $1.04B | $518.2M | $316.6M | $305.4M | $359.6M |
| Debt / equity | 6.47 | 159.83 | 7.97 | 5.62 | 2.47 | 3.56 | 3.32 | 1.32 | 2.21 | 3.59 |
| Debt / assets | 0.57 | 0.84 | 0.74 | 0.72 | 0.61 | 0.60 | 0.69 | 0.50 | 0.54 | 0.65 |
| Net debt / EBITDA | 16.37 | 11.31 | 15.80 | 78.60 | 26.25 | 40.34 | 3.28 | 2.03 | 2.09 | 2.52 |
| Current ratio | 0.80 | 0.66 | 0.65 | 0.69 | 0.99 | 2.02 | 2.73 | 1.62 | 1.15 | 1.61 |
| Quick ratio | 0.77 | 0.63 | 0.64 | 0.67 | 0.97 | 1.95 | 2.64 | 1.54 | 1.09 | 1.51 |
| Interest coverage | 0.1 | -0.8 | 0.4 | 0.8 | 1.2 | -0.3 | 2.9 | 5.2 | 5.4 | 4.2 |
| Working capital | −$340.3M | −$229.9M | −$302.4M | −$233.1M | −$2.9M | $145.8M | $155.2M | $46.9M | $17.8M | $40.2M |
| Invested capital | $6.63B | $4.80B | $5.54B | $5.12B | $5.38B | $1.36B | $729.7M | $615.3M | $482.2M | $475.2M |
| Tangible asset value | −$3.89B | −$3.08B | −$3.17B | −$2.90B | −$2.98B | −$523.8M | −$32.0M | $56.5M | −$70.6M | −$137.4M |
| Net current asset value | −$7.34B | −$5.38B | −$5.65B | −$4.97B | −$4.37B | −$1.31B | −$565.4M | −$361.2M | −$407.3M | −$419.8M |
| Graham number | — | — | — | — | — | — | $13.54 | $17.97 | $12.94 | $8.70 |
| Graham net-net per share | −$126.00 | −$114.71 | −$111.17 | −$88.61 | −$92.00 | −$46.75 | −$16.04 | −$10.00 | −$11.29 | −$11.55 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $0 | $3.84B | $3.2M | $7.5M | $640,000 | $7.5M | — |
| Share buybacks (net) | $416.2M | $0 | $99.1M | $153.4M | $87.0M | $43.1M | $223.5M | $8.0M | $2.3M | $20.0M |
| Dividend payout ratio | — | — | — | — | — | — | 13.7% | 0.9% | 12.1% | — |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | 350.8% | — | 16.4% | 33.0% |
| Capex / revenue | 6.9% | 8.2% | 12.7% | 18.3% | 12.3% | 4.2% | 5.4% | 29.5% | 11.4% | 2.4% |
| Capex / operating cash flow | — | 175.3% | 165.1% | 152.1% | 196.6% | 80.9% | 30.0% | 118.0% | 44.4% | 14.2% |
| Capex / depreciation | 0.58 | 0.53 | 0.89 | 1.37 | 1.12 | 0.41 | 0.84 | 5.77 | 2.16 | 0.40 |
| Stock-based compensation / revenue | 0.6% | 0.6% | 1.0% | 1.2% | 1.5% | 4.7% | 0.7% | −0.3% | 4.2% | 1.5% |
| SG&A / revenue | 29.0% | 40.2% | 42.2% | 34.4% | 41.2% | 55.3% | 34.5% | 33.4% | 36.9% | 35.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 27.6 | 21.1 | 24.7 | 30.5 | 30.3 | 15.6 | 16.1 | 19.5 | 17.8 | 15.4 |
| Days of inventory on hand | 9.1 | 5.5 | 4.8 | 4.6 | 7.1 | 22.6 | 14.1 | 18.5 | 21.4 | 20.1 |
| Days payables outstanding | 34.0 | 25.2 | 23.0 | 28.5 | 35.3 | 40.5 | 28.7 | 53.0 | 60.4 | 43.0 |
| Cash conversion cycle (days) | 2.6 | 1.4 | 6.5 | 6.7 | 2.1 | -2.3 | 1.5 | -15.1 | -21.1 | -7.5 |
| Receivables turnover | 13.23 | 17.30 | 14.76 | 11.96 | 12.06 | 23.38 | 22.69 | 18.75 | 20.45 | 23.74 |
| Payables turnover | 10.72 | 14.50 | 15.88 | 12.81 | 10.35 | 9.01 | 12.71 | 6.89 | 6.04 | 8.49 |
| Inventory turnover | 40.32 | 66.17 | 76.70 | 78.60 | 51.49 | 16.13 | 25.87 | 19.78 | 17.02 | 18.17 |
| Asset turnover | 0.31 | 0.39 | 0.37 | 0.35 | 0.31 | 0.25 | 0.58 | 0.58 | 0.62 | 0.65 |
| Average receivables | $200.9M | $141.7M | $165.9M | $188.6M | $109.7M | $15.9M | $23.1M | $23.3M | $20.6M | $17.5M |
| Average payables | $141.3M | $77.5M | $69.6M | $78.8M | $51.7M | $15.4M | $14.6M | $19.6M | $19.8M | $14.5M |
| Average inventory | $37.6M | $17.0M | $14.4M | $12.8M | $10.4M | $8.6M | $7.2M | $6.8M | $7.0M | $6.8M |
| Intangibles / total assets | 57.3% | 53.0% | 55.5% | 58.9% | 70.2% | 44.1% | 23.8% | 31.0% | 34.5% | 39.5% |
Computed from BALY's annual financial statements (latest annual report filed March 23, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BALY valuation and financial ratios
Bally's earned a return on equity of −136.7% and a return on invested capital of 0.4% in fiscal 2025. It ended the year with $6.4 billion of debt and $798.4 million in cash and short-term investments, net debt of $5.6 billion. It returned $416.2 million to shareholders: $0 in dividends and $416.2 million in share buybacks. The share count rose 54.6% from 39.3M to 60.7M over 9 years.
See the BALY income statement, the BALY chart for price history, or the BALY stock overview for the latest quote and news.
BALY key metrics FAQ
What is Bally's's EV/EBITDA?
Bally's's enterprise value was 19.3 times EBITDA at the end of fiscal 2025 (enterprise value $6.6 billion, EBITDA $344.2 million); the current EV/EBITDA is 71.9.
What is Bally's's return on equity?
Bally's's return on equity (ROE) was −136.7% in fiscal 2025: net income of -$701.1 million on average shareholders' equity of $512.8 million.
What is Bally's's ROIC?
Bally's's return on invested capital was 0.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Bally's have?
Bally's had total debt of $6.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 6.47 and $5.6 billion of net debt (16.37 times EBITDA).
Does Bally's buy back its shares?
Yes. Bally's spent $416.2 million on net share repurchases in fiscal 2025 Shares outstanding changed +25.2% over the year, to 60.7M..
What is Bally's's free cash flow yield?
Bally's generated -$275.5 million of free cash flow in fiscal 2025, a free cash flow yield of −27.5% on its market value at year-end ($1.0 billion).
What is Bally's's current ratio?
Bally's's current ratio was 0.80 at the end of fiscal 2025: current assets were 0.80 times current liabilities.