Wynn Resorts (WYNN)
Market Price (12/22/2025): $127.95 | Market Cap: $13.2 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
Wynn Resorts (WYNN)
Market Price (12/22/2025): $127.95Market Cap: $13.2 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 5.6% | Trading close to highsDist 52W High is -3.9%, Dist 3Y High is -3.9% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20% | Weak multi-year price returns3Y Excs Rtn is -19% | Key risksWYNN key risks include [1] a substantial debt burden, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% | ||
| Low stock price volatilityVol 12M is 41% | ||
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Markets & Betting. Themes include Travel & Leisure Tech, Experiential Retail, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, FCF Yield is 5.6% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 10% |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, and Markets & Betting. Themes include Travel & Leisure Tech, Experiential Retail, Show more. |
| Trading close to highsDist 52W High is -3.9%, Dist 3Y High is -3.9% |
| Weak multi-year price returns3Y Excs Rtn is -19% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78% |
| Key risksWYNN key risks include [1] a substantial debt burden, Show more. |
Valuation, Metrics & Events
WYNN Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Wynn Resorts (WYNN) experienced a 1.1% stock movement between August 31, 2025, and December 22, 2025, driven by a combination of strong operational performance in key regions, positive analyst sentiment, strategic capital allocation, and progress on significant development projects.
**1. Strong Q3 2025 Earnings Beat:** Wynn Resorts reported adjusted earnings per share (EPS) of $2.42 for Q3 2025, significantly exceeding analyst estimates of $1.50. This substantial earnings beat likely served as a primary catalyst for positive stock movement during the period.
**2. Solid Q2 2025 Performance and Las Vegas Record:** Although net income saw a decrease, Wynn Resorts reported a modest revenue increase in Q2 2025, with its Las Vegas operations achieving a new record for adjusted property EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent). This regional strength contributed to a positive outlook for the company entering the specified timeframe.
**3. Analyst Confidence and Raised Price Targets:** In December 2025, several prominent financial firms reiterated or upgraded their ratings and increased price targets for WYNN. Jefferies, JP Morgan, and Stifel, for instance, maintained "Buy" or "Strong Buy" recommendations and raised their price targets, indicating a consensus of continued confidence in Wynn Resorts' future performance.
**4. Continued Progress on Wynn Al Marjan Island Project:** The development of the Wynn Al Marjan Island project in the UAE showed ongoing progress, with the tower reaching its 61st floor by August 2025 and an anticipated opening in 2027. This project is seen as a significant long-term growth driver and a source of diversification for the company.
**5. Strategic Stock Repurchases:** Wynn Resorts continued its strategy of share repurchases, executing an additional $158 million in stock buybacks during Q2 2025. This activity signals management's belief that the stock is undervalued and aims to return value to shareholders, providing support for the stock price.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WYNN Return | -18% | -25% | -3% | 11% | -4% | 48% | -5% |
| Peers Return | 58% | 9% | -22% | 11% | -10% | 1% | 33% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| WYNN Win Rate | 42% | 50% | 50% | 58% | 42% | 67% | |
| Peers Win Rate | 57% | 52% | 37% | 50% | 47% | 58% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| WYNN Max Drawdown | -69% | -33% | -39% | 0% | -19% | -23% | |
| Peers Max Drawdown | -73% | -23% | -41% | -11% | -29% | -31% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: LVS, MGM, CZR, PENN, BYD. See WYNN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/19/2025 (YTD)
How Low Can It Go
| Event | WYNN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -62.8% | -25.4% |
| % Gain to Breakeven | 169.1% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -71.7% | -33.9% |
| % Gain to Breakeven | 253.8% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -54.3% | -19.8% |
| % Gain to Breakeven | 119.0% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -91.1% | -56.8% |
| % Gain to Breakeven | 1022.7% | 131.3% |
| Time to Breakeven | 1,690 days | 1,480 days |
Compare to LVS, DKNG, MGM, PENN, FLUT
In The Past
Wynn Resorts's stock fell -62.8% during the 2022 Inflation Shock from a high on 3/17/2021. A -62.8% loss requires a 169.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Latest Trefis Analyses
Trade Ideas
Select past ideas related to WYNN. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 13.7% | 13.7% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.8% | 5.8% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.6% | 3.6% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.4% | 18.4% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 11.9% | 11.9% | -1.6% |
| 05312019 | WYNN | Wynn Resorts | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 14.6% | -20.3% | -58.8% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 13.7% | 13.7% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.8% | 5.8% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.6% | 3.6% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.4% | 18.4% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 11.9% | 11.9% | -1.6% |
| 05312019 | WYNN | Wynn Resorts | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 14.6% | -20.3% | -58.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Wynn Resorts
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 52.12 |
| Mkt Cap | 8.6 |
| Rev LTM | 9,240 |
| Op Inc LTM | 1,412 |
| FCF LTM | 575 |
| FCF 3Y Avg | 625 |
| CFO LTM | 1,330 |
| CFO 3Y Avg | 1,339 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.4% |
| Rev Chg 3Y Avg | 8.3% |
| Rev Chg Q | 4.6% |
| QoQ Delta Rev Chg LTM | 1.1% |
| Op Mgn LTM | 19.3% |
| Op Mgn 3Y Avg | 18.3% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 16.9% |
| CFO/Rev 3Y Avg | 16.4% |
| FCF/Rev LTM | 8.9% |
| FCF/Rev 3Y Avg | 9.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 8.6 |
| P/S | 1.2 |
| P/EBIT | 6.5 |
| P/E | 14.9 |
| P/CFO | 5.7 |
| Total Yield | 2.9% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 5.3% |
| D/E | 2.0 |
| Net D/E | 1.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.1% |
| 3M Rtn | 1.4% |
| 6M Rtn | 12.0% |
| 12M Rtn | 15.8% |
| 3Y Rtn | 30.6% |
| 1M Excs Rtn | 6.2% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | -1.0% |
| 12M Excs Rtn | -1.2% |
| 3Y Excs Rtn | -48.6% |
Comparison Analyses
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | 2.9% | 0.6% | 1.6% |
| 8/7/2025 | -0.8% | 3.9% | 14.7% |
| 5/6/2025 | 0.7% | 15.9% | -0.1% |
| 2/13/2025 | 10.4% | 12.8% | 7.7% |
| 11/4/2024 | -9.3% | -9.6% | -0.6% |
| 8/6/2024 | -1.9% | -2.7% | 1.4% |
| 5/7/2024 | -1.5% | 0.8% | -4.6% |
| 2/7/2024 | 6.3% | 5.4% | 0.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 15 | 14 |
| # Negative | 14 | 9 | 10 |
| Median Positive | 5.1% | 5.4% | 9.8% |
| Median Negative | -2.0% | -5.1% | -6.5% |
| Max Positive | 10.4% | 21.4% | 38.9% |
| Max Negative | -9.3% | -9.6% | -38.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11062025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5062025 | 10-Q 3/31/2025 |
| 12312024 | 2132025 | 10-K 12/31/2024 |
| 9302024 | 11042024 | 10-Q 9/30/2024 |
| 6302024 | 8062024 | 10-Q 6/30/2024 |
| 3312024 | 5072024 | 10-Q 3/31/2024 |
| 12312023 | 2232024 | 10-K 12/31/2023 |
| 9302023 | 11092023 | 10-Q 9/30/2023 |
| 6302023 | 8092023 | 10-Q 6/30/2023 |
| 3312023 | 5092023 | 10-Q 3/31/2023 |
| 12312022 | 2272023 | 10-K 12/31/2022 |
| 9302022 | 11092022 | 10-Q 9/30/2022 |
| 6302022 | 8092022 | 10-Q 6/30/2022 |
| 3312022 | 5102022 | 10-Q 3/31/2022 |
| 12312021 | 2282022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |