Wynn Resorts (WYNN)
Market Price (12/25/2025): $125.02 | Market Cap: $12.9 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
Wynn Resorts (WYNN)
Market Price (12/25/2025): $125.02Market Cap: $12.9 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.3%, FCF Yield is 5.7% | Weak multi-year price returns2Y Excs Rtn is -3.4%, 3Y Excs Rtn is -24% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 80% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20% | 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 5.3%, FCF Yield is 5.7% |
| 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. |
| Weak multi-year price returns2Y Excs Rtn is -3.4%, 3Y Excs Rtn is -24% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 80% |
| Key risksWYNN key risks include [1] a substantial debt burden, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
While the available information largely indicates a positive overall performance for Wynn Resorts (WYNN) stock during the approximate period from August 31, 2025, to December 25, 2025, with reports of significant year-to-date gains and strong analyst ratings, several factors could have contributed to periods of downward pressure or temporary declines in the stock price. The exact -1.2% overall movement for the entire period is not consistently supported by the comprehensive information found.1. Q3 2025 Earnings Per Share (EPS) Miss: Wynn Resorts reported its third-quarter 2025 earnings, revealing a significant miss on earnings per share expectations. The company posted an EPS of $0.86, which fell short of the forecasted $1.17, marking a surprise of -26.5%.
2. Comparative Growth Rates Below Industry Average: Wynn Resorts' forecast annual earnings growth rate of 13.18% and revenue growth rate of 3.71% for 2025 were not projected to surpass the average forecast growth rates of the US Resorts & Casinos industry, which stood at 32.76% for earnings and 3.91% for revenue. This comparative underperformance in growth projections could temper investor enthusiasm.
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Stock Movement Drivers
Fundamental Drivers
The -0.5% change in WYNN stock from 9/24/2025 to 12/24/2025 was primarily driven by a -24.7% change in the company's P/E Multiple.| 9242025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 125.66 | 125.02 | -0.51% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6970.31 | 7110.74 | 2.01% |
| Net Income Margin (%) | 5.51% | 7.09% | 28.77% |
| P/E Multiple | 33.88 | 25.51 | -24.69% |
| Shares Outstanding (Mil) | 103.49 | 102.91 | 0.56% |
| Cumulative Contribution | -0.51% |
Market Drivers
9/24/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| WYNN | -0.5% | |
| Market (SPY) | 4.4% | 28.9% |
| Sector (XLY) | 2.3% | 33.8% |
Fundamental Drivers
The 36.6% change in WYNN stock from 6/25/2025 to 12/24/2025 was primarily driven by a 15.0% change in the company's Net Income Margin (%).| 6252025 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 91.51 | 125.02 | 36.62% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 6965.45 | 7110.74 | 2.09% |
| Net Income Margin (%) | 6.17% | 7.09% | 14.98% |
| P/E Multiple | 22.47 | 25.51 | 13.54% |
| Shares Outstanding (Mil) | 105.49 | 102.91 | 2.45% |
| Cumulative Contribution | 36.54% |
Market Drivers
6/25/2025 to 12/24/2025| Return | Correlation | |
|---|---|---|
| WYNN | 36.6% | |
| Market (SPY) | 14.0% | 21.5% |
| Sector (XLY) | 15.3% | 25.0% |
Fundamental Drivers
The 42.2% change in WYNN stock from 12/24/2024 to 12/24/2025 was primarily driven by a 152.1% change in the company's P/E Multiple.| 12242024 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 87.92 | 125.02 | 42.19% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 7129.62 | 7110.74 | -0.26% |
| Net Income Margin (%) | 13.37% | 7.09% | -46.96% |
| P/E Multiple | 10.12 | 25.51 | 152.09% |
| Shares Outstanding (Mil) | 109.73 | 102.91 | 6.21% |
| Cumulative Contribution | 41.64% |
Market Drivers
12/24/2024 to 12/24/2025| Return | Correlation | |
|---|---|---|
| WYNN | 42.2% | |
| Market (SPY) | 15.8% | 57.4% |
| Sector (XLY) | 5.3% | 58.8% |
Fundamental Drivers
The 59.3% change in WYNN stock from 12/25/2022 to 12/24/2025 was primarily driven by a 87.4% change in the company's Total Revenues ($ Mil).| 12252022 | 12242025 | Change | |
|---|---|---|---|
| Stock Price ($) | 78.46 | 125.02 | 59.34% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3794.11 | 7110.74 | 87.42% |
| P/S Multiple | 2.33 | 1.81 | -22.37% |
| Shares Outstanding (Mil) | 112.71 | 102.91 | 8.69% |
| Cumulative Contribution | 58.14% |
Market Drivers
12/25/2023 to 12/24/2025| Return | Correlation | |
|---|---|---|
| WYNN | 41.1% | |
| Market (SPY) | 48.9% | 48.2% |
| Sector (XLY) | 38.7% | 47.3% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WYNN Return | -18% | -25% | -3% | 11% | -4% | 46% | -7% |
| Peers Return | 58% | 9% | -22% | 11% | -10% | 1% | 34% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 115% |
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 12/24/2025 (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.
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Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays. Its Wynn Macau segment operates 252,000 square feet of casino space with 331 table games, 818 slot machines, private gaming salons, sky casinos, and a poker room; two luxury hotel towers with 1,010 guest rooms and suites that include two health clubs, two spas, a salon, and a pool; 14 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; and Chinese zodiac-inspired ceiling attractions. Its Las Vegas Operations segment operates 194,000 square feet of casino space with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; two luxury hotel towers with 4,748 guest rooms, suites, and villas, including swimming pools, private cabanas, two full service spas and salons, and a wedding chapel; 32 food and beverage outlets; 513,000 square feet of meeting and convention space; 155,000 square feet of retail space; and two theaters, three nightclubs and a beach club. Its Encore Boston Harbor segment operates 211,000 square feet of casino space with 184 table games, 2,766 slot machines, gaming areas, and a poker room; a luxury hotel tower with 671 guest rooms and suites, including a spa and salon; 15 food and beverage outlets and a nightclub; 10,000 square feet of retail space; 71,000 square feet of meeting and convention space; and a waterfront park, floral displays, and water shuttle service. The company was founded in 2002 and is based in Las Vegas, Nevada.
AI Analysis | Feedback
Here are 1-3 brief analogies for Wynn Resorts (WYNN):
- Wynn Resorts is like the Four Seasons of integrated casino resorts.
- Wynn Resorts is like the LVMH (Louis Vuitton Moët Hennessy) of high-end resorts and casinos.
- Wynn Resorts is like an ultra-luxury MGM Resorts, known for its high-roller appeal in top global gaming destinations.
AI Analysis | Feedback
- Casino Gaming: Operation of various gambling activities including slot machines, table games, and sports wagering.
- Hotel Accommodation: Providing luxury guest rooms, suites, and related concierge services.
- Food and Beverage: Offering a diverse range of dining experiences, from fine dining restaurants to casual eateries and bars.
- Entertainment and Nightlife: Hosting live shows, concerts, and operating nightclubs and lounges.
- Retail: Providing high-end shopping experiences through on-site boutiques and retail spaces.
- Meetings and Conventions: Offering extensive event spaces and services for corporate meetings, conferences, and banquets.
- Spa and Wellness: Providing luxury spa treatments, fitness centers, and other health and wellness amenities.
AI Analysis | Feedback
Wynn Resorts (symbol: WYNN) primarily sells its services and products directly to individuals rather than other companies.
The company serves the following categories of customers:
- High-Net-Worth Individuals / VIP Guests: This segment includes customers who engage in high-stakes gaming and seek luxury accommodations, fine dining, and exclusive services. They are a crucial source of revenue, particularly in the casino operations.
- Leisure Travelers and Tourists: Individuals and groups visiting Wynn's integrated resorts for vacation, entertainment, dining, shopping, and general leisure activities. This broad category encompasses guests looking for a premium resort experience, including those who may not be primarily focused on gaming.
- Business Travelers and Convention Attendees: Individuals attending conferences, conventions, trade shows, and corporate events held at Wynn's facilities. While the event itself might be booked by a company, the individual attendee is the direct consumer of hotel rooms, food and beverage services, and other amenities during their stay.
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- Light & Wonder (LNW)
- International Game Technology PLC (IGT)
- Aristocrat Leisure Limited (ASX: ALL)
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Craig Billings, Chief Executive Officer
Mr. Billings joined Wynn Resorts in March 2017 and was previously the company's President and Chief Financial Officer, as well as the CEO of subsidiary Wynn Interactive. He has held executive and board positions at Goldman Sachs, Aristocrat Leisure Limited, NYX Gaming Group, and International Game Technology. Mr. Billings honed a global perspective with senior executive positions in both Australia and the United Kingdom during his time as Chief Digital Officer and Managing Director of Strategy and Business Development at Aristocrat Leisure. He is also the Lead Independent Director and Audit Committee Chair for AppLovin Corporation.
Julie Cameron-Doe, Chief Financial Officer
Ms. Cameron-Doe joined Wynn Resorts in April 2022. Prior to this, she served as CFO for Aristocrat Leisure Ltd. from 2018 to 2022, and held senior finance roles at Aristocrat since 2013. She also held key financial positions at Healthcare Australia, HotelClub, and ebookers, where she was responsible for overseeing aspects of global finances. While at ebookers, she implemented Oracle Financials across 10 countries and reduced financial headcount and reliance on contractors by $4 million, and was responsible for managing the finance team through a private equity sale. She assisted in the Aristocrat acquisition of VGT, valued at $1.3 billion, through financial due diligence and equity debt raising.
Jacqui Krum, Executive Vice President, General Counsel and Secretary
Ms. Krum joined Wynn Resorts in 2013. She assisted with developing gaming projects and was part of the team that won the competitive gaming license bid that ultimately became Encore Boston Harbor.
Brian Gullbrants, Chief Operating Officer - North America
Mr. Gullbrants was promoted to Chief Operating Officer for North America in early 2023, after serving as President of Wynn and Encore Las Vegas. Previously, he served as President of Encore Boston Harbor, where he played an integral role in that resort's opening.
Chris Gordon, President, Wynn Development
Mr. Gordon is responsible for leading global real estate development efforts for Wynn Resorts, with a focus on identifying new projects and managing their planning and approvals. His recent efforts include the initiation of Wynn Al Marjan Island, a $4 billion resort in the United Arab Emirates, and the development of the $2.6 billion Encore Boston Harbor resort casino. Before joining Wynn, Mr. Gordon served as Chief Operating Officer for the Allston Development Group, the real estate development arm of Harvard University, from 2005 to 2010, where he oversaw Harvard's multi-billion-dollar expansion. He also previously held the role of Director of Capital Programs and Logan Modernization for the Massachusetts Port Authority.
AI Analysis | Feedback
The key risks to Wynn Resorts (WYNN) are primarily concentrated in its significant debt burden, exposure to regulatory and political shifts in Macau, and substantial reliance on a limited number of high-stakes resorts in a competitive global market.
- High Debt Load: Wynn Resorts carries a substantial debt load, totaling approximately $13.41 billion as of late 2024, with a total debt to Adjusted EBITDAR LTM ratio of 4.6x. This elevated debt level could pose serious financial challenges if the company encounters strategic errors or lacks liquidity, potentially impacting investor sentiment and increasing the risk of insolvency if profitability declines. While major loan portfolio repayments are not scheduled until 2027, the high debt could make incremental borrowing more expensive and potentially lead to credit rating downgrades.
- Macau Operations and Regulatory/Political Risks: The company's Macau operations are a critical component of its revenue, and they are subject to significant political, economic, and social risks inherent in doing business in an emerging market like China. These risks include the recovery of the gaming industry in China, the potential for increased competition if the Macau government authorizes additional gaming concessions, and the ongoing shift away from the VIP segment towards mass-market tourism. Changes in Macau's gaming laws and regulations, as well as broader political and economic conditions in Macau and mainland China, could materially harm Wynn's business and its ability to repatriate funds. Recent reports from Q1 2025 indicated a significant decline in the Macau VIP segment's revenue, highlighting this ongoing challenge.
- Dependence on Limited Resorts and Intense Competition: Wynn Resorts is highly dependent on its operations in Macau, Las Vegas, and Encore Boston Harbor for virtually all of its operating cash flow, making it more exposed to risks than a gaming company with broader geographic diversification. The casino resort and hotel industry is highly competitive globally, with potential threats from new or renovated casinos in Macau or elsewhere in Asia, as well as the legalization and expansion of online casino gaming (iGaming) in the United States, which could draw customers away from traditional casinos. This competitive landscape, coupled with the company's concentrated operational footprint, makes it vulnerable to market shifts and increased rivalry.
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The Macau government's sustained and increasing pressure on casino concessionaires, including Wynn, to significantly diversify their revenue streams away from traditional high-margin VIP gaming and towards non-gaming attractions and mass-market tourism. This regulatory shift mandates a fundamental alteration of the business model in Wynn's most profitable region, requiring substantial investment in potentially lower-margin entertainment, retail, and hospitality offerings, thereby challenging the historical profitability and operational focus of its Macau operations.
AI Analysis | Feedback
Wynn Resorts (symbol: WYNN) operates luxury integrated resorts that primarily offer casino gaming, luxury accommodations, fine dining, entertainment, and retail. The addressable markets for these main products and services are as follows:
-
Casino Gaming:
- Globally, the casino and online gambling industry reached approximately $305.8 billion in April 2024. The global casino gambling market is projected to reach $315.62 billion in 2025.
- In Macau, the total gaming gross revenue (GGR) for 2024 was USD 28.3 billion, with a projection of USD 30 billion for 2025.
- For the Las Vegas Strip in Nevada, commercial casino-resorts reported total gaming revenue of $8.62 billion in 2024. Nevada statewide commercial casino gaming revenue reached a record $15.61 billion in 2024.
-
Luxury Hotels/Accommodations:
- The global luxury hotel market size was estimated at USD 154.32 billion in 2024. It is projected to grow to USD 369.36 billion by 2032.
- In North America, the luxury hotels market generated a revenue of USD 37.86 billion in 2024.
-
Integrated Resorts (encompassing Casino Gaming, Luxury Hotels, Food & Beverage, Entertainment, Retail, Convention Space):
- The global casino resort market size was valued at $75.2 billion in 2024 and is forecasted to reach $138.6 billion by 2033.
- The global casino hotels market size was projected to reach USD 219.6 billion in 2024 and is anticipated to reach USD 321.4 billion by 2033.
- The broader global resort market (which includes integrated resorts) was estimated at USD 347.1 billion in 2024 and is anticipated to reach USD 945.4 billion by 2030.
AI Analysis | Feedback
Wynn Resorts (WYNN) is anticipated to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Wynn Al Marjan Island Project (UAE): The development of Wynn Al Marjan Island in the United Arab Emirates is a significant long-term growth driver, with its opening targeted for early 2027. This project is expected to expand Wynn's global reach, diversify its EBITDAR base, and tap into a new gaming market. Construction is progressing rapidly, with the hotel tower expected to top out in December 2025.
- Sustained Performance and Market Share Gains in Las Vegas: Wynn Resorts anticipates continued strong performance in its Las Vegas operations. The company reported ongoing gaming market share gains and healthy demand in its casinos. Strong group and convention bookings are projected for 2026, with expectations for growth in both room nights and rates over 2025.
- Macau Market Recovery and Property Enhancements: Wynn Resorts maintains a "mid and long-term bullish" outlook on the Macau market. The company has demonstrated robust revenue performance and mass volume gains in Macau, complemented by ongoing capital projects such as the expansion of the Chairman's Club at Wynn Palace and renovations of Wynn Tower rooms at Wynn Macau. These enhancements are slated for completion ahead of Chinese New Year 2026 and by the end of 2025, respectively, aiming to further elevate offerings at both properties.
- Strategic Acquisition of Wynn Mayfair (Crown London): The acquisition of Crown London, now rebranded as Wynn Mayfair, in January 2025, is a strategic move to establish a presence in Central London. This asset is intended to help build a customer database and enhance brand awareness for the upcoming Wynn Al Marjan Island resort, targeting a significant demographic of potential high-value customers.
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Capital Allocation Decisions (2020-2025)
Share Repurchases
- Wynn Resorts' Board of Directors authorized a total of up to $1.0 billion for common stock repurchases in November 2024, increasing the previously available authorization.
- In 2024, the company repurchased 4,349,779 shares for an aggregate cost of $386.0 million.
- During the first three quarters of 2025, Wynn Resorts repurchased a total of 4,365,212 shares for $358.2 million. The CEO noted the company will continue to repurchase equity, believing its stock price inappropriately reflects the value of its assets, especially before the Wynn Al Marjan Island resort debuts.
Outbound Investments
- Wynn Resorts has made significant cash contributions to the Wynn Al Marjan Island development in the UAE, a 40%-owned joint venture, with life-to-date cash contributions reaching $835.0 million by the third quarter of 2025.
- The company expects to deploy an additional $650 million to $725 million as its remaining pro rata share of equity for the Wynn Al Marjan Island project through the remainder of 2025 and into 2026.
- This project, expected to open in 2027, marks Wynn's first non-U.S. and non-Asia resort and casino.
Capital Expenditures
- Wynn Resorts invested approximately $420 million in expansion efforts, primarily on renovations to existing properties, during fiscal year 2024.
- For 2025, estimated project capital expenditures are between $200 million and $225 million for enhancements at Las Vegas Operations. Additionally, Macau concession-related capital expenditures are projected to be between $250 million and $300 million.
- Expected capital expenditures for 2026 include $375 million to $400 million for further enhancements at its Las Vegas Operations.
Latest Trefis Analyses
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Trade Ideas
Select 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 | 13.3% | 13.3% | 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 | 5.3% | 5.3% | -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 | 3.4% | 3.4% | -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 | 19.7% | 19.7% | 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 | 1.8% | 1.8% | -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
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Peer Comparisons for Wynn Resorts
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.70 |
| Mkt Cap | 8.5 |
| 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 | 8.5 |
| P/S | 1.1 |
| P/EBIT | 6.3 |
| P/E | 14.6 |
| P/CFO | 5.7 |
| Total Yield | 3.0% |
| Dividend Yield | 0.1% |
| FCF Yield 3Y Avg | 5.3% |
| D/E | 2.0 |
| Net D/E | 1.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.1% |
| 3M Rtn | 0.4% |
| 6M Rtn | 9.6% |
| 12M Rtn | 13.5% |
| 3Y Rtn | 29.5% |
| 1M Excs Rtn | 2.8% |
| 3M Excs Rtn | -4.5% |
| 6M Excs Rtn | -2.9% |
| 12M Excs Rtn | -2.1% |
| 3Y Excs Rtn | -52.5% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $125.02 | |
| Market Cap ($ Bil) | 12.9 | |
| First Trading Date | 10/25/2002 | |
| Distance from 52W High | -6.1% | |
| 50 Days | 200 Days | |
| DMA Price | $123.88 | $105.98 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 0.9% | 18.0% |
| 3M | 1YR | |
| Volatility | 39.3% | 40.7% |
| Downside Capture | 117.69 | 86.79 |
| Upside Capture | 91.47 | 108.99 |
| Correlation (SPY) | 29.2% | 57.5% |
WYNN Betas & Captures as of 11/30/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.61 | 1.09 | 1.04 | 0.92 | 1.20 | 1.09 |
| Up Beta | 1.37 | -0.14 | -0.13 | 0.20 | 1.38 | 1.12 |
| Down Beta | 0.21 | 0.48 | 0.58 | 1.09 | 1.24 | 1.24 |
| Up Capture | 271% | 164% | 146% | 151% | 119% | 94% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 9 | 20 | 31 | 64 | 121 | 383 |
| Down Capture | 143% | 164% | 162% | 80% | 94% | 100% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 10 | 21 | 31 | 61 | 127 | 365 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of WYNN With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| WYNN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 42.9% | 8.3% | 19.2% | 71.9% | 8.9% | 6.0% | -10.4% |
| Annualized Volatility | 40.5% | 24.3% | 19.5% | 19.3% | 15.3% | 17.1% | 35.0% |
| Sharpe Ratio | 0.97 | 0.27 | 0.78 | 2.69 | 0.36 | 0.18 | -0.12 |
| Correlation With Other Assets | 58.7% | 57.3% | -1.7% | 21.1% | 43.2% | 28.1% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of WYNN With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| WYNN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 2.2% | 9.8% | 14.9% | 18.7% | 11.7% | 4.8% | 32.6% |
| Annualized Volatility | 41.8% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | 0.18 | 0.37 | 0.70 | 0.97 | 0.51 | 0.17 | 0.59 |
| Correlation With Other Assets | 50.7% | 49.8% | 4.7% | 17.6% | 34.9% | 19.8% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of WYNN With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| WYNN | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 7.5% | 13.1% | 14.7% | 14.9% | 6.9% | 5.2% | 69.2% |
| Annualized Volatility | 48.0% | 22.0% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.33 | 0.55 | 0.70 | 0.83 | 0.31 | 0.22 | 0.90 |
| Correlation With Other Assets | 52.6% | 52.3% | 0.1% | 24.7% | 40.4% | 11.5% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
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 |
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