Red Rock Resorts, Inc. (RRR) intrinsic value & 10-year financials
Red Rock Resorts, Inc. (RRR) has a Graham intrinsic value of $65.95 per share. At $49.28 on Oct 17, 2026, the stock trades 25% below that value. Over the last 10 fiscal years revenue grew 3.7% a year to $2.0B, with an average return on invested capital of 10.6%.
- Graham intrinsic value
- $65.95
- Share price (Oct 17, 2026)
- $49.28
- Price vs Graham value
- 25% below
- Market cap
- $5.1B
- Revenue (FY2025)
- $2.0B
- Revenue growth (10-yr CAGR)
- 3.7%
- ROIC (10-yr avg)
- 10.6%
- Free cash flow (FY2025)
- $290.5M
RRR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.0B | $188.1M | $3.12 | $290.5M | 29.7% | 13.7% |
| FY2024 | $1.9B | $154.1M | $2.53 | $264.4M | 29.3% | 13.3% |
| FY2023 | $1.7B | $176.0M | $2.94 | -$205.2M | 32.4% | 14.2% |
| FY2022 | $1.7B | $205.5M | $3.36 | $213.6M | 33.7% | 16.5% |
| FY2021 | $1.6B | $241.8M | $2.84 | $548.7M | 24.8% | 13.8% |
| FY2020 | $1.2B | -$150.4M | -$2.13 | $154.3M | 7.5% | 2.7% |
| FY2019 | $1.9B | -$3.4M | -$0.05 | -$36.6M | 10.0% | 3.7% |
| FY2018 | $1.7B | $157.5M | $1.77 | -$233.3M | 22.1% | 10.7% |
| FY2017 | $1.6B | $35.2M | $0.42 | $40.6M | 20.1% | 6.1% |
| FY2016 | $1.5B | $92.0M | $1.03 | $183.8M | 21.3% | 10.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Red Rock Resorts, Inc. has demonstrated mature, steady growth, with revenue compounding at 3.7% annually over the past decade.
Red Rock Resorts, Inc. returns on capital have been average, hovering around 10.5% ROIC over the decade.
Red Rock Resorts, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Red Rock Resorts, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $65.95 per share.