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Side-by-side financial comparison of Bally's Corp (BALY) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
Bally's Corp is the larger business by last-quarter revenue ($746.2M vs $334.0M, roughly 2.2× WYNDHAM HOTELS & RESORTS, INC.). WYNDHAM HOTELS & RESORTS, INC. runs the higher net margin — -18.0% vs -47.3%, a 29.4% 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 4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
BALY vs WH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $746.2M | $334.0M |
| Net Profit | $-353.2M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | -36.8% | -11.4% |
| Net Margin | -47.3% | -18.0% |
| Revenue YoY | 28.6% | -0.6% |
| Net Profit YoY | -311.8% | -170.6% |
| EPS (diluted) | $-5.84 | $-0.77 |
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 | $334.0M | ||
| Q3 25 | $663.7M | $382.0M | ||
| Q2 25 | $657.5M | $397.0M | ||
| Q1 25 | $368.7M | $316.0M | ||
| Q4 24 | $580.4M | $336.0M | ||
| Q3 24 | $630.0M | $396.0M | ||
| Q2 24 | $621.7M | $367.0M | ||
| Q1 24 | $618.5M | $305.0M |
| Q4 25 | $-353.2M | $-60.0M | ||
| Q3 25 | $-102.9M | $105.0M | ||
| Q2 25 | $-228.4M | $87.0M | ||
| Q1 25 | $34.5M | $61.0M | ||
| Q4 24 | $-85.8M | $85.0M | ||
| Q3 24 | $-247.9M | $102.0M | ||
| Q2 24 | $-60.2M | $86.0M | ||
| Q1 24 | $-173.9M | $16.0M |
| Q4 25 | -36.8% | -11.4% | ||
| Q3 25 | 0.1% | 46.6% | ||
| Q2 25 | -0.4% | 37.8% | ||
| Q1 25 | -0.5% | 35.4% | ||
| Q4 24 | -5.6% | 38.4% | ||
| Q3 24 | -25.0% | 43.2% | ||
| Q2 24 | 0.9% | 39.5% | ||
| Q1 24 | -12.0% | 16.4% |
| Q4 25 | -47.3% | -18.0% | ||
| Q3 25 | -15.5% | 27.5% | ||
| Q2 25 | -34.7% | 21.9% | ||
| Q1 25 | 9.4% | 19.3% | ||
| Q4 24 | -14.8% | 25.3% | ||
| Q3 24 | -39.3% | 25.8% | ||
| Q2 24 | -9.7% | 23.4% | ||
| Q1 24 | -28.1% | 5.2% |
| Q4 25 | $-5.84 | $-0.77 | ||
| Q3 25 | $-1.70 | $1.36 | ||
| Q2 25 | $-3.76 | $1.13 | ||
| Q1 25 | $0.57 | $0.78 | ||
| Q4 24 | $-1.76 | $1.06 | ||
| Q3 24 | $-5.10 | $1.29 | ||
| Q2 24 | $-1.24 | $1.07 | ||
| Q1 24 | $-3.61 | $0.19 |
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 | $64.0M |
| Total DebtLower is stronger | $4.5B | $2.5B |
| Stockholders' EquityBook value | $994.7M | $468.0M |
| Total Assets | $11.2B | $4.2B |
| Debt / EquityLower = less leverage | 4.52× | 5.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $798.4M | $64.0M | ||
| Q3 25 | $160.7M | $70.0M | ||
| Q2 25 | $174.6M | $50.0M | ||
| Q1 25 | $209.7M | $48.0M | ||
| Q4 24 | $171.2M | $103.0M | ||
| Q3 24 | $191.0M | $72.0M | ||
| Q2 24 | $154.7M | $70.0M | ||
| Q1 24 | $169.4M | $50.0M |
| Q4 25 | $4.5B | $2.5B | ||
| Q3 25 | $3.7B | $2.6B | ||
| Q2 25 | $3.6B | $2.5B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.3B | $2.4B | ||
| Q3 24 | $3.7B | $2.4B | ||
| Q2 24 | $3.7B | $2.4B | ||
| Q1 24 | $3.7B | $2.2B |
| Q4 25 | $994.7M | $468.0M | ||
| Q3 25 | $521.5M | $583.0M | ||
| Q2 25 | $630.1M | $570.0M | ||
| Q1 25 | $796.5M | $579.0M | ||
| Q4 24 | $30.9M | $650.0M | ||
| Q3 24 | $233.4M | $583.0M | ||
| Q2 24 | $393.1M | $623.0M | ||
| Q1 24 | $449.4M | $674.0M |
| Q4 25 | $11.2B | $4.2B | ||
| Q3 25 | $7.6B | $4.3B | ||
| Q2 25 | $7.8B | $4.3B | ||
| Q1 25 | $7.5B | $4.2B | ||
| Q4 24 | $5.9B | $4.2B | ||
| Q3 24 | $6.4B | $4.2B | ||
| Q2 24 | $6.6B | $4.2B | ||
| Q1 24 | $6.6B | $4.1B |
| Q4 25 | 4.52× | 5.37× | ||
| Q3 25 | 7.17× | 4.43× | ||
| Q2 25 | 5.68× | 4.44× | ||
| Q1 25 | 4.33× | 4.29× | ||
| Q4 24 | 107.40× | 3.72× | ||
| Q3 24 | 15.73× | 4.19× | ||
| Q2 24 | 9.34× | 3.83× | ||
| Q1 24 | 8.19× | 3.27× |
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 | — | $152.0M |
| Free Cash FlowOCF − Capex | — | $136.0M |
| FCF MarginFCF / Revenue | — | 40.7% |
| Capex IntensityCapex / Revenue | 5.1% | 4.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $321.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $152.0M | ||
| Q3 25 | $-88.6M | $86.0M | ||
| Q2 25 | — | $70.0M | ||
| Q1 25 | $42.0M | $59.0M | ||
| Q4 24 | $37.8M | $134.0M | ||
| Q3 24 | $36.5M | $79.0M | ||
| Q2 24 | $47.6M | $1.0M | ||
| Q1 24 | $-7.9M | $76.0M |
| Q4 25 | — | $136.0M | ||
| Q3 25 | $-139.3M | $75.0M | ||
| Q2 25 | — | $58.0M | ||
| Q1 25 | $11.5M | $52.0M | ||
| Q4 24 | $-5.9M | $109.0M | ||
| Q3 24 | $-55.8M | $71.0M | ||
| Q2 24 | $11.8M | $-6.0M | ||
| Q1 24 | $-35.9M | $67.0M |
| Q4 25 | — | 40.7% | ||
| Q3 25 | -21.0% | 19.6% | ||
| Q2 25 | — | 14.6% | ||
| Q1 25 | 3.1% | 16.5% | ||
| Q4 24 | -1.0% | 32.4% | ||
| Q3 24 | -8.9% | 17.9% | ||
| Q2 24 | 1.9% | -1.6% | ||
| Q1 24 | -5.8% | 22.0% |
| Q4 25 | 5.1% | 4.8% | ||
| Q3 25 | 7.6% | 2.9% | ||
| Q2 25 | 7.4% | 3.0% | ||
| Q1 25 | 8.3% | 2.2% | ||
| Q4 24 | 7.5% | 7.4% | ||
| Q3 24 | 14.7% | 2.0% | ||
| Q2 24 | 5.7% | 1.9% | ||
| Q1 24 | 4.5% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | 1.22× | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 4.75× |
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% |
WH
Segment breakdown not available.
