Golden Entertainment

GDEN

Gambling, Resorts & Casinos · Consumer Cyclical

Price

$28.55

+0.00 (+0.00%)

Market Cap

$753.7M

Exchange

NASDAQ

Winston Score

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

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Share count falling — buybacks

−18.2% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 32.1M (2021) → 26.3M (2025)

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

For growth stock investors

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

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

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

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%

Healthy income — 12.26% yield

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

Dividend record

Dividend Growth

+250.0%

Dividend growing fast (250.0% YoY)

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