RRRRed Rock Resorts, Inc.
Hotels & Motels
- Revenue
- $2.0B
- 3.7% YoY
- Operating margin
- 29.7%
- 1.3% YoY
- EBITDA
- $795M
- 5.2% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 4.1×
- $3.3B net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear171% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear33% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear4% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.7B | $1.7B | $1.9B | $2.0B | 3.7% |
| Operating income | $402M | $561M | $559M | $569M | $597M | 5.1% |
| Net income | $355M | $390M | $338M | $291M | $356M | 22% |
| Operating cash flow | $610M | $542M | $494M | $548M | $610M | 11% |
| Capex | $61M | $329M | $700M | $284M | $319M | 12% |
| Stock-based comp | $13M | $18M | $20M | $31M | $32M | 3.8% |
| Buybacks | $500M | $142M | $0 | $4M | $79M | 1915% |
| Dividends | $204M | $117M | $59M | $118M | $121M | 2.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $13M | $14M | 304 | 91 |
| FY2024 | $3M | $3M | 231 | 97 |
| FY2023 | $3M | $3M | 257 | 104 |
| FY2022 | $3M | $3M | 188 | 90 |
| FY2021 | $3M | $3M | 247 | 114 |