Tearsheet

Wynn Resorts (WYNN)


Market Price (10/25/2025): $125.98 | Market Cap: $13.0 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

Wynn Resorts (WYNN)


Market Price (10/25/2025): $125.98
Market Cap: $13.0 Bil
Sector: Consumer Discretionary
Industry: 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


0 Attractive cash flow generation
CFO/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 11%
Weak multi-year price returns
2Y Excs Rtn is -14%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78%
1 Attractive yield
FCF Yield is 5.7%
  Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.9%
2 Low stock price volatility
Vol 12M is 42%
  
0 Attractive cash flow generation
CFO/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 11%
1 Attractive yield
FCF Yield is 5.7%
2 Low stock price volatility
Vol 12M is 42%
3 Weak multi-year price returns
2Y Excs Rtn is -14%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 78%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.9%

Market Valuation & Key Metrics

WYNN Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
WYNN Return-18%-25%-3%11%-4%47%-12%
Peers Return111%-15%-31%49%17%-1%114%
S&P 500 Return16%27%-19%24%23%15%106%

Monthly Win Rates [3]
WYNN Win Rate42%50%50%58%42%78% 
Peers Win Rate43%44%38%52%48%58% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
WYNN Max Drawdown-69%-33%-39%0%-19%-23% 
Peers Max Drawdown-41%-29%-47%-11%-21%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: LVS, DKNG, MGM, PENN, CDRO. 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 10/24/2025 (YTD)

How Low Can It Go

Unique KeyEventWYNNS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-62.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven169.1%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-71.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven253.8%51.3%
2020 Covid PandemicTime to BreakevenTime to BreakevenNot Fully Recovered days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-54.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven119.0%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-91.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1022.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1690 days1480 days

Compare to LVS, DKNG, MGM, PENN, CDRO


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.

About Wynn Resorts (WYNN)

Better Bets than Wynn Resorts (WYNN)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to WYNN. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-18.6%-18.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.2%1.2%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-8.4%-8.4%-8.4%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.1%5.1%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
9.7%9.7%-11.7%
WYNN_5312019_Dip_Buyer_ValueBuy05312019WYNNWynn ResortsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
14.6%-20.3%-58.8%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-18.6%-18.6%-22.1%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.2%1.2%-6.2%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-8.4%-8.4%-8.4%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
5.1%5.1%-6.1%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
9.7%9.7%-11.7%
WYNN_5312019_Dip_Buyer_ValueBuy05312019WYNNWynn ResortsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
14.6%-20.3%-58.8%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Wynn Resorts

Financials

WYNNLVSDKNGMGMPENNCDROMedian
NameWynn Res.Las Vega.DraftKin.MGM Reso.PENN Ent.Codere O. 
Mkt Price125.5757.6033.0032.8117.726.5632.91
Mkt Cap13.039.316.49.02.6-13.0
Rev LTM6,97012,2645,41017,2126,746-6,970
Op Inc LTM1,2712,817-3331,485244-1,271
FCF LTM7431,2153851,295-201-743
FCF 3Y Avg6601,38951,32135-660
CFO LTM1,2972,7345142,532498-1,297
CFO 3Y Avg1,1002,7151252,357492-1,100

Growth & Margins

WYNNLVSDKNGMGMPENNCDROMedian
NameWynn Res.Las Vega.DraftKin.MGM Reso.PENN Ent.Codere O. 
Rev Chg LTM-1.9%8.4%25.8%0.9%7.3%-7.3%
Rev Chg 3Y Avg22.9%51.6%53.4%13.6%2.6%-22.9%
Rev Chg Q0.3%24.2%36.9%1.8%6.1%-6.1%
QoQ Delta Rev Chg LTM0.1%5.6%8.2%0.5%1.5%-1.5%
Op Mgn LTM18.2%23.0%-6.2%8.6%3.6%-8.6%
Op Mgn 3Y Avg14.6%21.0%-18.7%3.5%5.9%-5.9%
QoQ Delta Op Mgn LTM0.1%1.1%4.2%-0.6%0.2%-0.2%
CFO/Rev LTM18.6%22.3%9.5%14.7%7.4%-14.7%
CFO/Rev 3Y Avg16.9%25.4%1.0%14.4%7.5%-14.4%
FCF/Rev LTM10.7%9.9%7.1%7.5%-3.0%-7.5%
FCF/Rev 3Y Avg9.9%13.0%-1.9%8.1%0.5%-8.1%

Valuation

WYNNLVSDKNGMGMPENNCDROMedian
NameWynn Res.Las Vega.DraftKin.MGM Reso.PENN Ent.Codere O. 
Mkt Cap13.039.316.49.02.6-13.0
P/S1.93.23.00.50.4-1.9
P/EBIT11.613.7-56.26.76.6-6.7
P/E33.925.2-53.816.6-34.9-16.6
P/CFO10.014.431.93.55.3-10.0
Total Yield4.2%6.0%-1.9%6.0%-2.9%-4.2%
Dividend Yield1.2%2.1%0.0%0.0%0.0%-0.0%
FCF Yield 3Y Avg6.6%3.8%-0.4%10.7%-0.1%-3.8%
D/E0.90.40.13.54.2-0.9
Net D/E0.80.30.03.33.9-0.8

Returns

WYNNLVSDKNGMGMPENNCDROMedian
NameWynn Res.Las Vega.DraftKin.MGM Reso.PENN Ent.Codere O. 
1M Rtn-0.3%8.7%-23.2%-5.0%-10.0%-4.4%-4.7%
3M Rtn15.0%10.4%-26.4%-14.6%-7.9%-22.4%-11.2%
6M Rtn53.7%62.3%-2.3%3.6%9.7%-8.5%6.7%
12M Rtn29.6%12.1%-10.3%-18.2%-7.7%-18.2%-9.0%
3Y Rtn124.4%72.8%134.0%-4.0%-43.6%140.3%98.6%
1M Excs Rtn-3.0%5.7%-25.9%-7.7%-12.1%-10.7%-9.2%
3M Excs Rtn6.8%4.0%-31.8%-21.2%-12.3%-27.7%-16.7%
6M Excs Rtn30.8%39.4%-25.3%-19.3%-13.2%-31.4%-16.3%
12M Excs Rtn11.6%-2.4%-28.5%-35.1%-22.2%-35.6%-25.3%
3Y Excs Rtn52.8%-15.0%67.3%-82.7%-120.8%59.2%18.9%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Las Vegas Operations2,4812,1321,504  
Wynn Palace1,887410883  
Wynn Macau1,214311626  
Encore Boston Harbor866831692  
Corporate and other8572   
Wynn Interactive  59  
Casino   1,2374,574
Entertainment, retail and other   221414
Food and beverage   330819
Rooms   308804
Total6,5323,7573,7642,0966,611


Assets by Segment
$ Mil20242023202220212020
Las Vegas Operations3,1733,1693,064  
Corporate and other3,1303,5841,657  
Wynn Palace2,9362,8843,122  
Encore Boston Harbor2,0072,0802,193  
Wynn Macau1,8641,4301,033  
Other Macau8862681,174  
Wynn Interactive  288  
Total13,99613,41512,531  


Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity4,625,043
Short Interest: % Change Since 9302025-9.6%
Average Daily Volume1,944,244
Days-to-Cover Short Interest2.38
Basic Shares Quantity103,491,000
Short % of Basic Shares4.5%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/2025-0.8%4.1%14.7%
5/6/20250.7%15.9%-0.1%
2/13/202510.4%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%
2/7/20246.3%5.4%0.8%
11/9/2023-5.7%-5.1%-4.9%
...
SUMMARY STATS   
# Positive101414
# Negative141010
Median Positive5.1%6.4%9.8%
Median Negative-2.0%-4.1%-6.5%
Max Positive10.4%21.4%38.9%
Max Negative-9.3%-9.6%-38.4%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025807202510-Q 6/30/2025
3312025506202510-Q 3/31/2025
12312024213202510-K 12/31/2024
93020241104202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023223202410-K 12/31/2023
93020231109202310-Q 9/30/2023
6302023809202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022227202310-K 12/31/2022
93020221109202210-Q 9/30/2022
6302022809202210-Q 6/30/2022
3312022510202210-Q 3/31/2022
12312021228202210-K 12/31/2021
93020211109202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0FERTITTA TILMAN J4082025Buy70.40200,00014,079,560901,091,840Form
1FERTITTA TILMAN J3252025Buy80.995,025406,954883,153,264Form
2Liu Paul Albert 2202025Buy92.441,600147,904147,904Form
3SATRE PHILIP G 2182025Buy92.1822,2002,046,3963,152,095Form