Caesars Entertainment vs Wynn Resorts
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KIRA’s take AI analyst
I put Caesars Entertainment and Wynn Resorts side by side, using each one’s latest annual report. Here is what stands out:
- Caesars Entertainment is the larger business, with $11.5B of revenue in fiscal 2025 against $7.1B for Wynn Resorts, about 1.6 times as much.
- Caesars Entertainment grew revenue faster (2.1%, against 0.1%).
- Caesars Entertainment kept more of each dollar of sales as operating profit (16.2% operating margin, against 15.7%).
- Wynn Resorts turned more of its sales into free cash flow (9.7% FCF margin, against 4.3%).
- Wynn Resorts earned a higher return on the capital invested in it (11.6%, against 9.6%).
Who comes out ahead
Of the 9 measures where higher (or lower) is clearly better, how many each company leads.
Caesars Entertainment
CZR
4/9
Revenue growthOperating marginPiotroski F-scoreNet debt / EBITDA
Wynn Resorts
WYNN
5/9
5-year growthNet marginFCF marginReturn on capitalShare count change
Side by side
Best in the row
| Latest fiscal year | CZR FY25 | WYNN FY25 |
|---|---|---|
| Size | ||
| Market cap | $5.9B | $7.6B |
| Revenue | $11.5B | $7.1B |
| Free cash flow | $497M | $692M |
| Net income | −$502M | $327M |
| Growth | ||
| Revenue growth | 2.1% | 0.1% |
| 5-year growth | 25.9% | 27.8% |
| Share count change | −3.3% | −5.5% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 16.2% | 15.7% |
| Net margin | −4.4% | 4.6% |
| FCF margin | 4.3% | 9.7% |
| Return on capital | 9.6% | 11.6% |
| Return on equity | −13.1% | — |
| Balance sheet | ||
| Net debt | $11.2B | $9.2B |
| Net debt / EBITDA | 3.4x | 5.3x |
| Dividends and buybacks | $229M | $555M |
| Valuation & quality | ||
| P/E | — | 17.8x |
| Piotroski F-score | 6 | 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.

