Tearsheet

Wynn Resorts (WYNN)


Market Price (9/17/2025): $120.64 | Market Cap: $12.5 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

Wynn Resorts (WYNN)


Market Price (9/17/2025): $120.64
Market Cap: $12.5 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights

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%
Trading close to highs
Dist 52W High is -4.8%, Dist 3Y High is -4.8%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 82%
1 Attractive yield
FCF Yield is 5.9%
Weak multi-year price returns
2Y Excs Rtn is -19%
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 5.9%
2 Low stock price volatility
Vol 12M is 42%
3 Trading close to highs
Dist 52W High is -4.8%, Dist 3Y High is -4.8%
4 Weak multi-year price returns
2Y Excs Rtn is -19%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 82%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -1.9%

Market Valuation

 9/17/252024202320222021
Share Price CYE$120.64$85.51$89.44$80.33$82.83
Market Cap CYE ($ Bil)12.59.310.09.09.5
Total Debt ($ Bil)12.212.213.413.712.0
Total Cash ($ Bil)2.02.43.73.72.5
Enterprise Value ($ Bil)22.721.523.422.721.5
Valuation Ratios     
P/S TTM1.81.31.62.52.6
P/EBIT TTM11.27.19.9-190.7-23.8
P/E TTM32.518.914.0-22.1-12.8
Sector Ratios     
P/S TTM (Sector)0.80.80.90.81.3
P/EBIT TTM (Sector)7.26.97.05.57.4
P/E TTM (Sector)9.78.18.97.39.2
 9/17/2520242023
Share Price CYE$120.64$85.51$89.44
Market Cap CYE ($ Bil)12.59.310.0
Total Debt ($ Bil)12.212.213.4
Total Cash ($ Bil)2.02.43.7
Enterprise Value ($ Bil)22.721.523.4
Valuation Ratios   
P/S TTM1.81.31.6
P/EBIT TTM11.27.19.9
P/E TTM32.518.914.0
Sector Ratios   
P/S TTM (Sector)0.80.80.9
P/EBIT TTM (Sector)7.26.97.0
P/E TTM (Sector)9.78.18.9

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. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
WYNN Return-18%-25%-3%11%-4%41%-9%
Peers Return108%-20%-20%49%-8%11%102%
S&P 500 Return16%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)

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Financials

WYNNLVSDKNGMGMPENNMedian
NameWynn Res.Las Vega.DraftKin.MGM Reso.PENN Ent. 
Mkt Price120.6851.8642.8835.3618.9242.88
Mkt Cap12.536.021.39.72.812.5
Rev LTM6,97011,6155,41017,2126,7466,970
Op Inc LTM1,2712,542-3331,4852441,271
FCF LTM7435493851,295-201549
FCF 3Y Avg66098751,32135660
CFO LTM1,2972,3805142,5324981,297
CFO 3Y Avg1,1002,2941252,3574921,100

Growth & Margins

WYNNLVSDKNGMGMPENNMedian
NameWynn Res.Las Vega.DraftKin.MGM Reso.PENN Ent. 
Rev Chg LTM-1.9%1.6%25.8%0.9%7.3%1.6%
Rev Chg 3Y Avg22.9%48.7%53.4%13.6%2.6%22.9%
Rev Chg Q0.3%15.0%36.9%1.8%6.1%6.1%
QoQ Delta Rev Chg LTM0.1%3.7%8.2%0.5%1.5%1.5%
Op Mgn LTM18.2%21.9%-6.2%8.6%3.6%8.6%
Op Mgn 3Y Avg14.6%18.3%-18.7%3.5%5.9%5.9%
QoQ Delta Op Mgn LTM0.1%0.9%4.2%-0.6%0.2%0.2%
CFO/Rev LTM18.6%20.5%9.5%14.7%7.4%14.7%
CFO/Rev 3Y Avg16.9%22.2%1.0%14.4%7.5%14.4%
FCF/Rev LTM10.7%4.7%7.1%7.5%-3.0%7.1%
FCF/Rev 3Y Avg9.9%9.0%-1.9%8.1%0.5%8.1%

Valuation

WYNNLVSDKNGMGMPENNMedian
NameWynn Res.Las Vega.DraftKin.MGM Reso.PENN Ent. 
Mkt Cap12.536.021.39.72.812.5
P/S1.83.13.90.60.41.8
P/EBIT11.213.5-73.07.27.07.2
P/E32.525.5-69.917.9-37.317.9
P/CFO9.615.141.43.85.79.6
Total Yield4.3%5.9%-1.4%5.6%-2.7%4.3%
Dividend Yield1.3%2.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg6.6%3.0%-0.4%10.7%-0.1%3.0%
D/E1.00.40.13.23.91.0
Net D/E0.80.30.03.03.70.8

Returns

WYNNLVSDKNGMGMPENNMedian
NameWynn Res.Las Vega.DraftKin.MGM Reso.PENN Ent. 
1M Rtn10.3%-3.4%-4.6%-1.6%3.7%-1.6%
3M Rtn38.6%24.8%12.5%5.3%14.9%14.9%
6M Rtn41.9%21.2%16.2%11.0%14.5%16.2%
12M Rtn54.4%31.6%12.1%-3.0%-5.5%12.1%
3Y Rtn89.4%40.0%130.5%6.0%-38.1%40.0%
1M Excs Rtn7.8%-5.8%-7.0%-4.0%1.3%-4.0%
3M Excs Rtn27.0%12.2%3.7%-6.4%5.2%5.2%
6M Excs Rtn23.9%3.7%-5.7%-7.3%-6.8%-5.7%
12M Excs Rtn41.8%16.3%-7.0%-19.6%-15.0%-7.0%
3Y Excs Rtn34.9%-20.7%80.8%-61.6%-104.2%-20.7%

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 Date8292025
Short Interest: Shares Quantity5,421,300
Short Interest: % Change Since 8152025-20.8%
Average Daily Volume2,514,469
Days-to-Cover Short Interest2.16
Basic Shares Quantity103,491,000
Short % of Basic Shares5.2%

Earnings Returns History

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 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

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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

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 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
4Mulroy Patricia 9172024Sell78.732,650208,634447,922Form