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Side-by-side financial comparison of Bally's Corp (BALY) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
Bally's Corp is the larger business by last-quarter revenue ($746.2M vs $629.0M, roughly 1.2× Park Hotels & Resorts Inc.). Park Hotels & Resorts Inc. runs the higher net margin — -32.6% vs -47.3%, a 14.7% gap on every dollar of revenue. On growth, Bally's Corp posted the faster year-over-year revenue change (28.6% vs 0.6%). Over the past eight quarters, Bally's Corp's revenue compounded faster (9.8% CAGR vs -0.8%).
Bally's Corporation is an American gambling, betting, and interactive entertainment company headquartered in Providence, Rhode Island. In the US it operates 19 casinos across 11 states, a horse track in Colorado, a golf course in New York, and online sports betting operations in 14 states. In Australia, it operates two properties across two states through its Star Entertainment Group subsidiary.
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
BALY vs PK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $746.2M | $629.0M |
| Net Profit | $-353.2M | $-205.0M |
| Gross Margin | — | — |
| Operating Margin | -36.8% | -26.1% |
| Net Margin | -47.3% | -32.6% |
| Revenue YoY | 28.6% | 0.6% |
| Net Profit YoY | -311.8% | -410.6% |
| EPS (diluted) | $-5.84 | $-1.04 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $746.2M | $629.0M | ||
| Q3 25 | $663.7M | $610.0M | ||
| Q2 25 | $657.5M | $672.0M | ||
| Q1 25 | $368.7M | $630.0M | ||
| Q4 24 | $580.4M | $625.0M | ||
| Q3 24 | $630.0M | $649.0M | ||
| Q2 24 | $621.7M | $686.0M | ||
| Q1 24 | $618.5M | $639.0M |
| Q4 25 | $-353.2M | $-205.0M | ||
| Q3 25 | $-102.9M | $-16.0M | ||
| Q2 25 | $-228.4M | $-5.0M | ||
| Q1 25 | $34.5M | $-57.0M | ||
| Q4 24 | $-85.8M | $66.0M | ||
| Q3 24 | $-247.9M | $54.0M | ||
| Q2 24 | $-60.2M | $64.0M | ||
| Q1 24 | $-173.9M | $28.0M |
| Q4 25 | -36.8% | -26.1% | ||
| Q3 25 | 0.1% | 9.7% | ||
| Q2 25 | -0.4% | 9.7% | ||
| Q1 25 | -0.5% | 1.1% | ||
| Q4 24 | -5.6% | 13.3% | ||
| Q3 24 | -25.0% | 14.6% | ||
| Q2 24 | 0.9% | 17.6% | ||
| Q1 24 | -12.0% | 14.4% |
| Q4 25 | -47.3% | -32.6% | ||
| Q3 25 | -15.5% | -2.6% | ||
| Q2 25 | -34.7% | -0.7% | ||
| Q1 25 | 9.4% | -9.0% | ||
| Q4 24 | -14.8% | 10.6% | ||
| Q3 24 | -39.3% | 8.3% | ||
| Q2 24 | -9.7% | 9.3% | ||
| Q1 24 | -28.1% | 4.4% |
| Q4 25 | $-5.84 | $-1.04 | ||
| Q3 25 | $-1.70 | $-0.08 | ||
| Q2 25 | $-3.76 | $-0.02 | ||
| Q1 25 | $0.57 | $-0.29 | ||
| Q4 24 | $-1.76 | $0.32 | ||
| Q3 24 | $-5.10 | $0.26 | ||
| Q2 24 | $-1.24 | $0.30 | ||
| Q1 24 | $-3.61 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $798.4M | $232.0M |
| Total DebtLower is stronger | $4.5B | $3.9B |
| Stockholders' EquityBook value | $994.7M | $3.1B |
| Total Assets | $11.2B | $7.7B |
| Debt / EquityLower = less leverage | 4.52× | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $798.4M | $232.0M | ||
| Q3 25 | $160.7M | $278.0M | ||
| Q2 25 | $174.6M | $319.0M | ||
| Q1 25 | $209.7M | $233.0M | ||
| Q4 24 | $171.2M | $402.0M | ||
| Q3 24 | $191.0M | $480.0M | ||
| Q2 24 | $154.7M | $449.0M | ||
| Q1 24 | $169.4M | $378.0M |
| Q4 25 | $4.5B | $3.9B | ||
| Q3 25 | $3.7B | $3.9B | ||
| Q2 25 | $3.6B | $3.9B | ||
| Q1 25 | $3.5B | $3.9B | ||
| Q4 24 | $3.3B | $3.9B | ||
| Q3 24 | $3.7B | $3.9B | ||
| Q2 24 | $3.7B | $3.9B | ||
| Q1 24 | $3.7B | $3.8B |
| Q4 25 | $994.7M | $3.1B | ||
| Q3 25 | $521.5M | $3.4B | ||
| Q2 25 | $630.1M | $3.4B | ||
| Q1 25 | $796.5M | $3.5B | ||
| Q4 24 | $30.9M | $3.6B | ||
| Q3 24 | $233.4M | $3.8B | ||
| Q2 24 | $393.1M | $3.8B | ||
| Q1 24 | $449.4M | $3.8B |
| Q4 25 | $11.2B | $7.7B | ||
| Q3 25 | $7.6B | $8.8B | ||
| Q2 25 | $7.8B | $8.9B | ||
| Q1 25 | $7.5B | $8.9B | ||
| Q4 24 | $5.9B | $9.2B | ||
| Q3 24 | $6.4B | $9.2B | ||
| Q2 24 | $6.6B | $9.2B | ||
| Q1 24 | $6.6B | $9.1B |
| Q4 25 | 4.52× | 1.23× | ||
| Q3 25 | 7.17× | 1.14× | ||
| Q2 25 | 5.68× | 1.12× | ||
| Q1 25 | 4.33× | 1.11× | ||
| Q4 24 | 107.40× | 1.06× | ||
| Q3 24 | 15.73× | 1.03× | ||
| Q2 24 | 9.34× | 1.03× | ||
| Q1 24 | 8.19× | 1.00× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $105.0M |
| Free Cash FlowOCF − Capex | — | $-3.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | 5.1% | 17.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $102.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $105.0M | ||
| Q3 25 | $-88.6M | $99.0M | ||
| Q2 25 | — | $108.0M | ||
| Q1 25 | $42.0M | $86.0M | ||
| Q4 24 | $37.8M | $80.0M | ||
| Q3 24 | $36.5M | $140.0M | ||
| Q2 24 | $47.6M | $117.0M | ||
| Q1 24 | $-7.9M | $92.0M |
| Q4 25 | — | $-3.0M | ||
| Q3 25 | $-139.3M | $31.0M | ||
| Q2 25 | — | $65.0M | ||
| Q1 25 | $11.5M | $9.0M | ||
| Q4 24 | $-5.9M | $17.0M | ||
| Q3 24 | $-55.8M | $97.0M | ||
| Q2 24 | $11.8M | $66.0M | ||
| Q1 24 | $-35.9M | $22.0M |
| Q4 25 | — | -0.5% | ||
| Q3 25 | -21.0% | 5.1% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | 3.1% | 1.4% | ||
| Q4 24 | -1.0% | 2.7% | ||
| Q3 24 | -8.9% | 14.9% | ||
| Q2 24 | 1.9% | 9.6% | ||
| Q1 24 | -5.8% | 3.4% |
| Q4 25 | 5.1% | 17.2% | ||
| Q3 25 | 7.6% | 11.1% | ||
| Q2 25 | 7.4% | 6.4% | ||
| Q1 25 | 8.3% | 12.2% | ||
| Q4 24 | 7.5% | 10.1% | ||
| Q3 24 | 14.7% | 6.6% | ||
| Q2 24 | 5.7% | 7.4% | ||
| Q1 24 | 4.5% | 11.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.22× | — | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | 2.59× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | — | 3.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BALY
| Casinos Resorts | $366.2M | 49% |
| Non Casino | $172.7M | 23% |
| Food And Beverage | $74.6M | 10% |
| Hotel | $69.9M | 9% |
| North America Interactive | $62.3M | 8% |
| Loyalty Programs | $6.7M | 1% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
