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Golden Entertainment

GDEN
24
Gambling, Resorts & Casinos · Consumer Cyclical
Exchange
NASDAQ
Winston Score
24
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available
Dividends
Exceptional

Winston Score History

The full picture

Golden Entertainment owns and operates casinos, taverns, and distributed gaming locations, mainly in Nevada and Montana. The company runs full-scale casino resorts under brands like The STRAT Hotel, Casino & SkyPod in Las Vegas, along with a large network of smaller tavern-style gaming spots spread across Nevada neighborhoods. Its customers are everyday gamblers, hotel guests, and locals looking for casual entertainment.

Golden Entertainment earns money through slot machines, table games, hotel rooms, food and beverage sales, and fees from its distributed gaming business, where it places gaming machines in bars and restaurants it does not own. The company operates almost entirely in the western United States and generates roughly $1 billion in annual revenue. Its distributed gaming network — one of the largest in Nevada — gives it a footprint that larger casino operators rarely bother to build. The main risk is that the business carries meaningful debt and thin operating margins, leaving little cushion if consumer spending on entertainment weakens.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-5.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-390.9% YoY

YoY Growth Rate

Earnings declining

Insider Activity

27.9%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 years

$55M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

$55M cash & investments at current burn rate

Revenue declining

Golden Entertainment's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
-4.7%
Thin — -4.7% gross margin
Profit after running costs
Operating Margin
4.0%
Thin — 4.0% operating margin
Return on the money invested
ROCE
3.2%
Weak — 3.2% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
-4.8%
Shrinking sales (-4.8% YoY)
Profit growth
EPS YoY
-112.7%
Earnings shrinking (-112.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
5.6%
Thin free cash flow (5.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
1.23
Elevated debt (1.23)
Covers its interest
Interest Cover
0.98x
Dangerous — barely covers interest (1.0x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
no trend
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
12.26%
no trend
Healthy income — 12.26% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+250.0%
no trend
Dividend growing fast (250.0% YoY)

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