Wynn Resorts (WYNN)
Market Price (9/17/2025): $120.64 | Market Cap: $12.5 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
Wynn Resorts (WYNN)
Market Price (9/17/2025): $120.64Market Cap: $12.5 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights
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 11% | Trading close to highsDist 52W High is -4.8%, Dist 3Y High is -4.8% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 82% |
Attractive yieldFCF Yield is 5.9% | Weak multi-year price returns2Y Excs Rtn is -19% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.9% |
Low stock price volatilityVol 12M is 42% |
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 11% |
Attractive yieldFCF Yield is 5.9% |
Low stock price volatilityVol 12M is 42% |
Trading close to highsDist 52W High is -4.8%, Dist 3Y High is -4.8% |
Weak multi-year price returns2Y 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 82% |
Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.9% |
Market Valuation
9/17/25 | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Share Price CYE | $120.64 | $85.51 | $89.44 | $80.33 | $82.83 |
Market Cap CYE ($ Bil) | 12.5 | 9.3 | 10.0 | 9.0 | 9.5 |
Total Debt ($ Bil) | 12.2 | 12.2 | 13.4 | 13.7 | 12.0 |
Total Cash ($ Bil) | 2.0 | 2.4 | 3.7 | 3.7 | 2.5 |
Enterprise Value ($ Bil) | 22.7 | 21.5 | 23.4 | 22.7 | 21.5 |
Valuation Ratios | |||||
P/S TTM | 1.8 | 1.3 | 1.6 | 2.5 | 2.6 |
P/EBIT TTM | 11.2 | 7.1 | 9.9 | -190.7 | -23.8 |
P/E TTM | 32.5 | 18.9 | 14.0 | -22.1 | -12.8 |
Sector Ratios | |||||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 | 0.8 | 1.3 |
P/EBIT TTM (Sector) | 7.2 | 6.9 | 7.0 | 5.5 | 7.4 |
P/E TTM (Sector) | 9.7 | 8.1 | 8.9 | 7.3 | 9.2 |
9/17/25 | 2024 | 2023 | |
---|---|---|---|
Share Price CYE | $120.64 | $85.51 | $89.44 |
Market Cap CYE ($ Bil) | 12.5 | 9.3 | 10.0 |
Total Debt ($ Bil) | 12.2 | 12.2 | 13.4 |
Total Cash ($ Bil) | 2.0 | 2.4 | 3.7 |
Enterprise Value ($ Bil) | 22.7 | 21.5 | 23.4 |
Valuation Ratios | |||
P/S TTM | 1.8 | 1.3 | 1.6 |
P/EBIT TTM | 11.2 | 7.1 | 9.9 |
P/E TTM | 32.5 | 18.9 | 14.0 |
Sector Ratios | |||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 |
P/EBIT TTM (Sector) | 7.2 | 6.9 | 7.0 |
P/E TTM (Sector) | 9.7 | 8.1 | 8.9 |
Business Description
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.
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Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
WYNN Return | -18% | -25% | -3% | 11% | -4% | 41% | -9% |
Peers Return | 108% | -20% | -20% | 49% | -8% | 11% | 102% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 104% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: LVS, DKNG, MGM, PENN, WYNN. See WYNN Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Wynn Resorts
Financials
Median | |
---|---|
Name | |
Mkt Price | 42.88 |
Mkt Cap | 12.5 |
Rev LTM | 6,970 |
Op Inc LTM | 1,271 |
FCF LTM | 549 |
FCF 3Y Avg | 660 |
CFO LTM | 1,297 |
CFO 3Y Avg | 1,100 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | 1.6% |
Rev Chg 3Y Avg | 22.9% |
Rev Chg Q | 6.1% |
QoQ Delta Rev Chg LTM | 1.5% |
Op Mgn LTM | 8.6% |
Op Mgn 3Y Avg | 5.9% |
QoQ Delta Op Mgn LTM | 0.2% |
CFO/Rev LTM | 14.7% |
CFO/Rev 3Y Avg | 14.4% |
FCF/Rev LTM | 7.1% |
FCF/Rev 3Y Avg | 8.1% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 12.5 |
P/S | 1.8 |
P/EBIT | 7.2 |
P/E | 17.9 |
P/CFO | 9.6 |
Total Yield | 4.3% |
Dividend Yield | 0.0% |
FCF Yield 3Y Avg | 3.0% |
D/E | 1.0 |
Net D/E | 0.8 |
Returns
Median | |
---|---|
Name | |
1M Rtn | -1.6% |
3M Rtn | 14.9% |
6M Rtn | 16.2% |
12M Rtn | 12.1% |
3Y Rtn | 40.0% |
1M Excs Rtn | -4.0% |
3M Excs Rtn | 5.2% |
6M Excs Rtn | -5.7% |
12M Excs Rtn | -7.0% |
3Y Excs Rtn | -20.7% |
Comparison Analyses
Segment Financials
Revenue by Segment
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Las Vegas Operations | 2,481 | 2,132 | 1,504 | ||
Wynn Palace | 1,887 | 410 | 883 | ||
Wynn Macau | 1,214 | 311 | 626 | ||
Encore Boston Harbor | 866 | 831 | 692 | ||
Corporate and other | 85 | 72 | |||
Wynn Interactive | 59 | ||||
Casino | 1,237 | 4,574 | |||
Entertainment, retail and other | 221 | 414 | |||
Food and beverage | 330 | 819 | |||
Rooms | 308 | 804 | |||
Total | 6,532 | 3,757 | 3,764 | 2,096 | 6,611 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Las Vegas Operations | 3,173 | 3,169 | 3,064 | ||
Corporate and other | 3,130 | 3,584 | 1,657 | ||
Wynn Palace | 2,936 | 2,884 | 3,122 | ||
Encore Boston Harbor | 2,007 | 2,080 | 2,193 | ||
Wynn Macau | 1,864 | 1,430 | 1,033 | ||
Other Macau | 886 | 268 | 1,174 | ||
Wynn Interactive | 288 | ||||
Total | 13,996 | 13,415 | 12,531 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
8/7/2025 | -0.8% | 4.1% | 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% |
11/9/2023 | -5.7% | -5.1% | -4.9% |
... | |||
SUMMARY STATS | |||
# Positive | 10 | 14 | 14 |
# Negative | 14 | 10 | 10 |
Median Positive | 5.1% | 6.4% | 9.8% |
Median Negative | -2.0% | -4.1% | -6.5% |
Max Positive | 10.4% | 21.4% | 38.9% |
Max Negative | -9.3% | -9.6% | -38.4% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
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 |
9302021 | 11092021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | FERTITTA TILMAN J | 4082025 | Buy | 70.40 | 200,000 | 14,079,560 | 901,091,840 | Form | |
1 | FERTITTA TILMAN J | 3252025 | Buy | 80.99 | 5,025 | 406,954 | 883,153,264 | Form | |
2 | Liu Paul Albert | 2202025 | Buy | 92.44 | 1,600 | 147,904 | 147,904 | Form | |
3 | SATRE PHILIP G | 2182025 | Buy | 92.18 | 22,200 | 2,046,396 | 3,152,095 | Form | |
4 | Mulroy Patricia | 9172024 | Sell | 78.73 | 2,650 | 208,634 | 447,922 | Form |
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