Penn Entertainment vs Wynn Resorts
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KIRA’s take AI analyst
I put Penn Entertainment and Wynn Resorts side by side, using each one’s latest annual report. Here is what stands out:
- Wynn Resorts is the larger business, with $7.1B of revenue in fiscal 2025 against $7.0B for Penn Entertainment.
- Penn Entertainment grew revenue faster (5.8%, against 0.1%).
- Wynn Resorts kept more of each dollar of sales as operating profit (15.7% operating margin, against −9.7%).
- Wynn Resorts turned more of its sales into free cash flow (9.7% FCF margin, against −2.0%).
- Wynn Resorts earned a higher return on the capital invested in it (11.6%, against −8.1%).
Who comes out ahead
Of the 8 measures where higher (or lower) is clearly better, how many each company leads.
Penn Entertainment
PENN
1/8
Revenue growth
Wynn Resorts
WYNN
7/8
5-year growthOperating marginNet marginFCF marginReturn on capitalPiotroski F-scoreShare count change
Side by side
Best in the row
| Latest fiscal year | PENN FY25 | WYNN FY25 |
|---|---|---|
| Size | ||
| Market cap | $2.0B | $7.6B |
| Revenue | $7.0B | $7.1B |
| Free cash flow | −$140M | $692M |
| Net income | −$843M | $327M |
| Growth | ||
| Revenue growth | 5.8% | 0.1% |
| 5-year growth | 14.2% | 27.8% |
| Share count change | −4.9% | −5.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | −9.7% | 15.7% |
| Net margin | −12.1% | 4.6% |
| FCF margin | −2.0% | 9.7% |
| Return on capital | −8.1% | 11.6% |
| Return on equity | −35.9% | — |
| Balance sheet | ||
| Net debt | $4.3B | $9.2B |
| Net debt / EBITDA | — | 5.3x |
| Dividends and buybacks | $354M | $555M |
| Valuation & quality | ||
| P/E | — | 17.8x |
| Piotroski F-score | 4 | 5 |
Ten years
Revenue
Operating margin
Free cash flow
Return on capital
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.

