Wynn Resorts
WYNN Nasdaq· Casinos & Gaming
Last close · Oct 26, 2026
$74.20
KIRA · Stoqly’s AI analyst, in plain words
- Wynn Resorts had $7.1B of revenue in fiscal 2025, up 0.1% on the year before. Over five years, revenue changed +27.8% a year on average.
- Its operating margin was 15.7%, down 0.2 pts: of every 100 in sales, about 16 is left after running the business.
- Wynn Resorts made $327M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 3.1% a year.
- Free cash flow was $692M in fiscal 2025, 9.7% of revenue.
- Wynn Resorts returned $555M to shareholders in fiscal 2025, 80% of free cash flow. The diluted share count fell 5.5%.
- Wynn Resorts owes $9.2B more than it holds in cash, about 5.3 years of operating profit.
Market cap
$7.6B
P/E
17.8x
Revenue
$7.1B
Net income
$327M
Free cash flow
$692M
Operating margin
15.7%
Wynn Resorts in 30 seconds · fiscal 2025
Are sales growing?
+0.1%
Only a little. Sales grew 0.1% last year.
Does it make a profit?
4.6%
A little. It keeps 4.6% of every sale as profit.
Does profit turn into cash?
9.7%
Partly. 9.7% of sales ends up as free cash.
Is debt under control?
5.3x
Heavy. Repaying its debt would take 5.3 years of operating profit.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
17.8x
One share costs 17.8 times its yearly profit per share. Typical for its sector: 17.9x.
What Wynn Resorts does
Wynn Resorts builds and runs large resort hotels that combine casinos with luxury rooms, shops, restaurants, entertainment and convention space. It has four resorts: Wynn Palace and Wynn Macau in Macau, China, Wynn Las Vegas and Encore in Nevada, and Encore Boston Harbor in Massachusetts. Guests are gamblers, vacationers and groups attending meetings. Its four resorts are its reporting segments, and it gets its money from casino gaming, hotel rooms, food and drink, retail space and entertainment. It owns about 72% of Wynn Macau, Limited, the company that runs its Macau resorts. Macau operators pay a special gaming tax of 35% of gross gaming revenue. Wynn Resorts competes with the other casinos in each market, including the 18 other casinos in Macau. Its right to run casinos in Macau comes from a gaming concession (a government contract) that runs from 2023 to the end of 2032.
Biggest risks, in its own words
- Weaker spending by guests if the economy slows, because casino resorts rely on discretionary spending.
- Depending on a small number of resorts for all of its cash flow.
- The Macau government could end its gaming concession without paying compensation if the terms are not met.
- Strict gaming regulation and licensing in Macau, Nevada and Massachusetts.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 2, 2026
- Legal name
- WYNN RESORTS, LIMITED
- CIK
- 0001174922
Wynn Resorts · WYNN
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $3.8B | $3.8B | $6.5B | $7.1B | $7.1B |
| Revenue growth | 79.6% | −0.2% | 73.9% | 9.1% | 0.1% |
| Operating margin | −10.5% | −2.7% | 12.9% | 15.9% | 15.7% |
| Net income | −$756M | −$424M | $730M | $501M | $327M |
| Net margin | −20.1% | −11.3% | 11.2% | 7.0% | 4.6% |
| Diluted EPS | −$6.64 | −$3.73 | $6.32 | $4.35 | $3.14 |
| Cash | |||||
| Cash from operations | −$223M | −$71.3M | $1.2B | $1.4B | $1.4B |
| Capital expenditure | $291M | $300M | $443M | $420M | $660M |
| Free cash flow | −$513M | −$371M | $805M | $1.0B | $692M |
| FCF margin | −13.6% | −9.9% | 12.3% | 14.1% | 9.7% |
| Dividends paid | $1.6M | $1.4M | $84.7M | $140M | $175M |
| Share buybacks | $13.8M | $188M | $213M | $402M | $380M |
| Share count change | 6.6% | −0.1% | −0.7% | −2.3% | −5.5% |
| Debt and strength | |||||
| Cash and short-term investments | $2.5B | $3.7B | $2.9B | $2.4B | $1.5B |
| Debt incl. finance leases | $12.0B | $12.2B | $11.8B | $10.6B | $10.6B |
| Shareholders' equity | −$214M | −$751M | −$251M | −$224M | −$276M |
| Net debt / EBITDA | 29.5x | 14.4x | 5.8x | 4.6x | 5.3x |
| Current ratio | 2.2x | 2.2x | 1.9x | 1.9x | 1.6x |
| Interest coverage | −0.7x | −0.2x | 1.1x | 1.7x | 1.8x |
| Returns and quality | |||||
| Return on capital | −3.6% | −1.0% | 11.5% | 15.0% | 11.6% |
| Piotroski F-score | 5 | 4 | 7 | 6 | 5 |
| Altman Z'' | −0.0 | 0.3 | 0.8 | 0.8 | 0.7 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Wynn Resorts · WYNN
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Wynn Resorts WYNN | $7.6B | 0.1% | 15.7% | 9.7% | 11.6% | 17.8x | 5 |
| Penn Entertainment PENN | $2.0B | 5.8% | −9.7% | −2.0% | −8.1% | — | 4 |
| DraftKings DKNG | $10.5B | 27.0% | −0.3% | 10.7% | −0.7% | — | 8 |
| Caesars Entertainment CZR | $5.9B | 2.1% | 16.2% | 4.3% | 9.6% | — | 6 |
| Boyd Gaming BYD | $5.4B | 4.1% | 18.3% | 9.5% | 13.5% | 3.2x | 6 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $74.20 a share, the company is worth $7.6B: 17.8 times its earnings of the last four quarters.
Wynn Resorts grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 1 of 1.
Source: SEC EDGAR XBRL filings (CIK 0001174922). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.