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Side-by-side financial comparison of PENN Entertainment, Inc. (PENN) and Voya Financial, Inc. (VOYA). Click either name above to swap in a different company.
Voya Financial, Inc. is the larger business by last-quarter revenue ($2.0B vs $1.8B, roughly 1.1× PENN Entertainment, Inc.). Voya Financial, Inc. runs the higher net margin — 9.6% vs -0.2%, a 9.8% gap on every dollar of revenue. On growth, PENN Entertainment, Inc. posted the faster year-over-year revenue change (6.4% vs 3.1%). Over the past eight quarters, Voya Financial, Inc.'s revenue compounded faster (96.1% CAGR vs 3.4%).
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming.
Voya Financial is an American financial, retirement, investment and insurance company based in New York City. Voya began as ING U.S., the United States operating subsidiary of ING Group, which was spun off in 2013 and established independent financial backing through an initial public offering. In April 2014, the company rebranded itself as Voya Financial. Voya's predecessors had first entered the U.S. market in the 1970s.
PENN vs VOYA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $2.0B |
| Net Profit | $-2.8M | $195.0M |
| Gross Margin | — | — |
| Operating Margin | 5.5% | — |
| Net Margin | -0.2% | 9.6% |
| Revenue YoY | 6.4% | 3.1% |
| Net Profit YoY | — | 29.1% |
| EPS (diluted) | $-0.02 | $1.75 |
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.
| Q1 26 | $1.8B | $2.0B | ||
| Q4 25 | $1.8B | $603.0M | ||
| Q3 25 | $1.7B | $572.0M | ||
| Q2 25 | $1.8B | $542.0M | ||
| Q1 25 | $1.7B | $538.0M | ||
| Q4 24 | $1.7B | $561.0M | ||
| Q3 24 | $1.6B | $542.0M | ||
| Q2 24 | $1.7B | $528.0M |
| Q1 26 | $-2.8M | $195.0M | ||
| Q4 25 | $-72.9M | $140.0M | ||
| Q3 25 | $-864.6M | $192.0M | ||
| Q2 25 | $-17.4M | $166.0M | ||
| Q1 25 | $111.8M | $156.0M | ||
| Q4 24 | $-133.3M | $97.0M | ||
| Q3 24 | $-36.7M | $114.0M | ||
| Q2 24 | $-26.8M | $205.0M |
| Q1 26 | 5.5% | — | ||
| Q4 25 | -1.0% | 28.0% | ||
| Q3 25 | -45.2% | 53.7% | ||
| Q2 25 | 4.4% | 34.7% | ||
| Q1 25 | 2.6% | 32.2% | ||
| Q4 24 | -2.9% | 21.4% | ||
| Q3 24 | 4.1% | 21.4% | ||
| Q2 24 | 4.5% | 52.3% |
| Q1 26 | -0.2% | 9.6% | ||
| Q4 25 | -4.0% | 23.2% | ||
| Q3 25 | -50.3% | 33.6% | ||
| Q2 25 | -1.0% | 30.6% | ||
| Q1 25 | 6.7% | 29.0% | ||
| Q4 24 | -8.0% | 17.3% | ||
| Q3 24 | -2.2% | 21.0% | ||
| Q2 24 | -1.6% | 38.8% |
| Q1 26 | $-0.02 | $1.75 | ||
| Q4 25 | $-0.36 | $1.41 | ||
| Q3 25 | $-6.03 | $1.80 | ||
| Q2 25 | $-0.12 | $1.66 | ||
| Q1 25 | $0.68 | $1.42 | ||
| Q4 24 | $-0.87 | $0.99 | ||
| Q3 24 | $-0.24 | $0.98 | ||
| Q2 24 | $-0.18 | $1.96 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $708.0M | $969.0M |
| Total DebtLower is stronger | — | $2.5B |
| Stockholders' EquityBook value | — | $6.5B |
| Total Assets | — | $173.4B |
| Debt / EquityLower = less leverage | — | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $708.0M | $969.0M | ||
| Q4 25 | $686.6M | — | ||
| Q3 25 | $660.1M | — | ||
| Q2 25 | $671.6M | — | ||
| Q1 25 | $591.6M | — | ||
| Q4 24 | $706.6M | — | ||
| Q3 24 | $834.0M | — | ||
| Q2 24 | $877.6M | — |
| Q1 26 | — | $2.5B | ||
| Q4 25 | $2.9B | $2.1B | ||
| Q3 25 | $2.9B | $2.1B | ||
| Q2 25 | $2.8B | $2.1B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.8B | $2.5B | ||
| Q3 24 | $2.8B | $2.5B | ||
| Q2 24 | $2.8B | $2.1B |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $1.8B | $5.0B | ||
| Q3 25 | $2.0B | $5.0B | ||
| Q2 25 | $3.0B | $4.6B | ||
| Q1 25 | $3.0B | $4.4B | ||
| Q4 24 | $2.9B | $4.0B | ||
| Q3 24 | $3.1B | $4.7B | ||
| Q2 24 | $3.1B | $4.0B |
| Q1 26 | — | $173.4B | ||
| Q4 25 | $14.3B | $178.9B | ||
| Q3 25 | $14.3B | $177.4B | ||
| Q2 25 | $15.2B | $172.4B | ||
| Q1 25 | $15.1B | $163.9B | ||
| Q4 24 | $15.3B | $163.9B | ||
| Q3 24 | $15.5B | $166.9B | ||
| Q2 24 | $15.5B | $161.3B |
| Q1 26 | — | 0.39× | ||
| Q4 25 | 1.58× | 0.42× | ||
| Q3 25 | 1.46× | 0.42× | ||
| Q2 25 | 0.94× | 0.45× | ||
| Q1 25 | 0.89× | 0.48× | ||
| Q4 24 | 0.98× | 0.62× | ||
| Q3 24 | 0.91× | 0.53× | ||
| Q2 24 | 0.91× | 0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PENN
| Northeast segment (1) | $687.1M | 39% |
| Interactive (5) | $358.3M | 20% |
| Midwest segment (4) | $305.9M | 17% |
| South segment (2) | $281.3M | 16% |
| West segment (3) | $145.8M | 8% |
VOYA
| Premiums | $744.0M | 37% |
| Fee income | $604.0M | 30% |
| Other | $574.0M | 28% |
| Other revenues | $109.0M | 5% |
