— Know what they know.
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Not Investment Advice

WYNN

NASDAQ · USD
Wynn Resorts, Limited
Consumer Cyclical · Gambling, Resorts & Casinos
CEO Craig S. Billings Employees 28,500 R&D / revenue 0.0%
Last price
$75.60−1.78%last session
Market cap
$7.8B
P/E (TTM)
17.3x
From 52w high
−43.9%
From 52w low
+3.5%
1-year return
−34.6%
RSI 14 · vs SMA200
36.0 · −24.8%
IS score
44.8/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

WYNN   SPY   XLY (sector ETF) · weekly closes
80100120Jan 26Apr 26Jul 26Oct 26SPY 116XLY 97WYNN 65

Score DNA

Each bar is a 0-100 score within the scored universe
31
Profitability
67
Growth
47
Value
84
Momentum
15
Risk (safety)
62
Quality
32
Balance sheet
80
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Congress buying
Warnings
▲ Altman distress zone
Observations
Moat model: Weak, Network EffectsPiotroski 7 / 9Altman Z 1.2Beta 0.992 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
29 open-market sales, $524.7M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
2
Last disclosed purchase 2026-09-25
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−13
62 new holders, 71 closed
500 filers hold 73.1% · 151 added, 196 trimmed
ETFETF holdings · 30 days
Net funds accumulating
−17
428 funds adding shares
445 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
56.7%
20-day avg 63.8%, 50-day avg 63.0%
Latest 7.1 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$7.1B
Revenue growth YoY+0.1%
Gross margin32.7%
Operating income$1.2B
Operating margin16.2%
Net income$327.3M
Net margin4.6%
EPS (diluted)$3.14
Cash flow
Operating cash flow$1.4B
Capital expenditure$660.4M
Free cash flow$692.2M
FCF conversion (FCF / OCF)51.2%
Stock-based compensation$91.9M
FCF less SBC$600.3M
Buybacks$380.1M
Dividends$174.7M
Balance sheet & returns
Cash & short-term investments$2.1B
Total debt$10.6B
Net debt$8.5B
Shareholders' equity−$1.0B
Goodwill & intangibles$224.2M
Debt / equity-72.84
ROE (TTM)-174.9%
ROIC (TTM)8.6%
Operating margin by fiscal year
-10.5%FY2021-2.7%FY202212.9%FY202315.9%FY202415.9%FY2025
Revenue $3.8B (FY2021) to $7.1B (FY2025), a 17.4% CAGR.

Valuation

P/E (TTM)17.3x
EV / EBITDA9.5x
Price / sales1.05x
Price / FCF9.8x
FCF yield10.18%
Buyback yield4.88%
SBC / revenue1.2%
Price / bookn/m
Forward P/E FY202617.1x
Forward P/E FY202715.8x
Forward P/E FY202813.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $129.17 across 6 analysts last quarter is theirs, not ours.

WYNN vs industry median

107 companies in Gambling, Resorts & Casinos
Gross margin 38.6% 46.9% Operating margin 16.1% 9.2% Net margin 6.1% 1.8% ROIC 8.6% 9.9%
WYNN (TTM)Industry median Asset turnover 0.56 vs industry 0.53 · financial leverage -77.66

Earnings delivery

Next report 2026-11-05 · consensus EPS $0.72
42%
beat rate, 5 of 12 quarters
−0.9%
median EPS surprise
3
longest beat streak
+25+71+25-2-13+91-12-9-25-12+0+25
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-09 to 2026-08-04. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
WYNN Wynn Resorts, Limited $7.8B17.3x-174.9%6.1%+0.1% −34.6%
MGM MGM Resorts International $7.2B17.1x15.5%6.6%+3.2% −9.8%
LNW Light & Wonder, Inc. $8.4B17.8x89.4%14.5%−6.4% +13.0%
DKNG DraftKings Inc. $9.4Bn/m-21.1%-4.7%+15.0% −46.3%
CZR Caesars Entertainment, Inc. $5.9Bn/m-12.8%-2.1%+2.4% +32.5%
CHDN Churchill Downs Incorporated $5.7B14.0x34.4%24.6%+5.7% —
SGHC Super Group (SGHC) Limited $5.6B15.2x47.5%17.5%+18.9% —
MTN Vail Resorts, Inc. $5.4B36.6x44.4%-77.6%−4.2% —
12-month window: SPY +15.9%, sector ETF XLY −3.2%. Past returns describe history only.

Recent 8-K filings

2026-09-22Material Agreement; Exhibits
2026-09-11Other Events; Exhibits
2026-09-10Other Events; Exhibits
2026-08-31Regulation FD; Exhibits
2026-08-04Earnings Release; Regulation FD; Other Events; Exhibits
2026-07-22Material Agreement; Regulation FD; Exhibits

Context

Shares outstanding102,974,000
Free float75.6%
Institutional ownership73.1%
Beta0.99
Dividend yield1.32%
Last dividend$0.25 on 2026-08-14
50 / 200-day average$88.53 / $100.88
Mid-cap Consumer Cyclical median P/E17.3x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where WYNN sits among 19 scored companies in Gambling, Resorts & Casinos (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureWYNNIndustry medianIndustry percentileSector median
P/E (TTM) 17.3x 15.8x
75th		 17.7x
PEG (P/E ÷ 3-yr EPS CAGR) 0.06 0.98
12th		 0.96
Price / sales 1.1x 1.1x
50th		 1.0x
Price / book —
Price / tangible book —
Price / free cash flow 9.8x 13.2x
44th		 15.2x
Price / operating cash flow 5.3x 7.2x
31st		 10.2x
Enterprise value $18.0B $8.0B
78th		 $5.6B
EV / sales 2.4x 2.2x
61st		 1.4x
EV / EBITDA 9.2x 9.1x
62nd		 11.4x
EV / EBIT 13.7x 12.1x
62nd		 16.0x
EV / free cash flow 22.8x 22.8x
50th		 21.0x
Earnings yield 5.8% 5.8%
50th		 4.8%
FCF yield 10.2% 6.6%
61st		 5.9%
Operating cash flow yield 18.7% 12.3%
72nd		 9.3%
Graham number (per share) —

Profitability (TTM)

MeasureWYNNIndustry medianIndustry percentileSector median
Gross margin 38.6% 38.6%
50th		 34.2%
EBITDA margin 26.3% 25.2%
61st		 11.7%
Operating margin 16.1% 14.8%
56th		 8.7%
EBIT margin 17.7% 15.2%
61st		 8.2%
Net margin 6.1% 4.5%
61st		 4.9%
NOPAT margin 13.6% 12.2%
56th		 6.8%
FCF margin 10.7% 9.9%
56th		 6.5%
Operating cash flow margin 19.7% 13.4%
78th		 10.4%
R&D / revenue 0.0% 0.0%
0th		 0.0%
SG&A / revenue 14.9% 18.5%
28th		 17.2%
Stock comp / revenue 1.2% 0.7%
67th		 0.6%
Effective tax rate 15.8% 21.0%
28th		 22.4%

Returns on capital

MeasureWYNNIndustry medianIndustry percentileSector median
ROE (on average equity) —
ROA 3.5% 3.1%
56th		 4.4%
ROIC 10.0% 9.3%
56th		 9.3%
ROCE 12.8% 10.3%
61st		 9.9%
Return on tangible assets 10.1% 8.5%
56th		 7.4%
Cash ROIC (OCF / invested capital) 14.5% 13.3%
59th		 14.4%
Gross profitability (GP / assets) 21.7% 22.5%
44th		 31.6%
ROIC, 3-yr average 6.9% 6.7%
56th		 7.4%
ROIC, 5-yr average —
ROE, 5-yr average —
Incremental ROIC 153.1% -18.7%
82nd		 11.2%

Growth

MeasureWYNNIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 6.4% 6.1%
59th		 6.0%
Revenue growth (QoQ) 0.0% 3.7%
33rd		 6.6%
Revenue CAGR, 3 yr 14.7% 8.1%
71st		 3.0%
Revenue CAGR, 5 yr 21.6% 20.0%
62nd		 5.9%
Gross profit CAGR, 3 yr 12.9% 3.0%
71st		 3.3%
Operating income CAGR, 3 yr 36.8% 2.8%
75th		 2.1%
Net income growth (TTM YoY) 16.9% 25.4%
36th		 4.7%
Net income CAGR, 3 yr 299.6% 6.6%
100th		 1.4%
EPS growth (TTM YoY) 17.4% 39.4%
36th		 7.6%
EPS CAGR, 3 yr 311.9% 14.2%
100th		 3.4%
EPS CAGR, 5 yr —
FCF growth (TTM YoY) 6.6% 44.7%
27th		 26.3%
FCF CAGR, 3 yr 57.8% 8.6%
82nd		 6.5%
Operating cash flow CAGR, 3 yr 33.2% 6.0%
85th		 6.7%
Book value CAGR, 3 yr —
Dividend CAGR, 3 yr 8.0% 4.5%
78th		 3.2%
Sustainable growth rate —

Margin history & stability

MeasureWYNNIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 41.6% 41.1%
59th		 34.9%
Operating margin, 3-yr average 15.2% 15.0%
53rd		 8.0%
Net margin, 3-yr average 7.9% 3.6%
71st		 4.8%
FCF margin, 3-yr average 11.5% 8.6%
71st		 5.7%
Revenue stability (0-1) 0.90 0.90
47th		 0.80
Earnings stability (0-1) 0.72 0.29
76th		 0.43
Margin stability (0-1) 0.87 0.90
41st		 0.92

Liquidity (latest quarter)

MeasureWYNNIndustry medianIndustry percentileSector median
Cash & short-term investments $2.1B $548.0M
89th		 $278.1M
Net cash (− = net debt) −$10.2B −$3.9B
22nd		 −$1.2B
Working capital −$254.8M −$14.0M
17th		 $298.0M
Current ratio 0.91 1.00
39th		 1.49
Quick ratio 0.88 0.98
33rd		 0.92
Cash ratio (cash + ST investments / current liabilities) 0.72 0.59
61st		 0.31
Defensive interval (days) 534 days 305 days
83rd		 290 days

Leverage & solvency (latest quarter)

MeasureWYNNIndustry medianIndustry percentileSector median
Total debt $12.3B $4.4B
78th		 $1.8B
Debt / equity —
Net debt / equity —
Debt / assets 93.8% 55.1%
94th		 39.7%
Debt / capital —
Debt / EBITDA 6.33 4.63
69th		 3.26
Net debt / EBITDA 5.25 4.27
62nd		 2.42
Interest coverage (EBIT / interest) 2.1x 2.2x
47th		 5.1x
Cash interest coverage 2.4x 2.7x
41st		 6.0x
Debt payback (years of OCF) 8.5 yrs 6.0 yrs
62nd		 3.8 yrs
Liabilities / assets 106.9% 81.5%
94th		 68.1%
IS credit model rating B- — —
Implied credit spread (bps) 900 750
67th		 275

Efficiency

MeasureWYNNIndustry medianIndustry percentileSector median
Asset turnover 0.57 0.57
50th		 1.00
Fixed asset turnover 0.88 1.11
22nd		 3.73
Inventory turnover 53.4 66.4
46th		 5.3
Receivables turnover 22.4 28.8
28th		 19.9
Days sales outstanding 16 days 13 days
72nd		 18 days
Days inventory outstanding 7 days 6 days
54th		 68 days
Days payables outstanding 18 days 18 days
50th		 42 days
Cash conversion cycle (days) 5 days −4 days
61st		 44 days
Capex / revenue 9.0% 5.5%
88th		 3.1%
Capex / depreciation 1.04 0.52
88th		 0.89
Operating expense ratio 24.8% 22.7%
61st		 24.8%

Cash flow & earnings quality

MeasureWYNNIndustry medianIndustry percentileSector median
Operating cash flow / net income 3.25 2.63
67th		 1.76
FCF / net income 1.77 1.73
58th		 1.18
FCF / operating cash flow 54.3% 66.0%
27th		 70.1%
Capex / operating cash flow 45.7% 34.0%
73rd		 29.9%
Accruals ratio -7.8% -7.0%
39th		 -5.7%
Sloan accruals ratio -7.5% -6.1%
28th		 -3.6%
Earnings quality score (0-1) 0.75 0.75
17th		 0.75

Dividends & buybacks

MeasureWYNNIndustry medianIndustry percentileSector median
Dividend yield 1.3% 0.5%
67th		 0.8%
Dividend per share (TTM) $1.00 $0.44
72nd		 $0.40
Payout ratio (dividends / net income) 40.4% 7.7%
75th		 17.8%
Dividends / FCF 22.9% 2.3%
73rd		 11.6%
Dividend growth (YoY) 15.4% 2.7%
89th		 4.8%
Buyback yield 2.2% 3.4%
39th		 1.6%
Shareholder yield (dividends + buybacks) 4.5% 4.5%
44th		 3.7%
Share count change (YoY) -0.4% -2.9%
76th		 -0.9%
Buybacks, last 5 years $2.1B $579.5M
78th		 $198.3M

Scores & forensic checks

MeasureWYNNIndustry medianIndustry percentileSector median
IS score 45 44
56th		 50
IS profitability 31 39
44th		 38
IS growth 67 62
65th		 53
IS value 47 47
50th		 50
IS momentum 84 69
65th		 72
IS risk (safety) 15 30
0th		 65
IS quality 62 54
72nd		 63
IS balance sheet 32 25
67th		 48
IS earnings quality 80 73
72nd		 77
IS cash flow 54 54
50th		 56
Piotroski F-score (0-9) 7 6
61st		 6
Altman Z-score 1.2 1.5
33rd		 2.8
Beneish M-score −2.73 −2.78
59th		 −2.69
Ohlson O-score −6.28 −5.81
28th		 −6.83
IS credit score 23 30
28th		 58

Per share

MeasureWYNNIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $4.34 $0.70
83rd		 $2.05
Book value per share −$1.64 $6.72
6th		 $14.46
Tangible book per share −$10.84 −$9.74
39th		 $3.70
Revenue per share $71.70 $42.74
83rd		 $46.29
FCF per share $7.66 $2.59
78th		 $2.72
Operating cash flow per share $14.11 $5.64
94th		 $4.86
Cash per share $20.32 $5.09
100th		 $3.59

Size (TTM)

MeasureWYNNIndustry medianIndustry percentileSector median
Market cap $7.8B $5.2B
83rd		 $3.6B
Revenue $7.4B $4.1B
78th		 $3.9B
EBITDA $1.9B $780.5M
78th		 $442.3M
Net income $448.9M $147.5M
89th		 $178.6M
Free cash flow $792.3M $325.5M
89th		 $206.3M
Total assets $13.2B $7.5B
72nd		 $4.4B
Shareholders' equity −$169.5M $644.8M
6th		 $957.6M
Employees 28,500 11,700
78th		 12,300

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-17Fullalove Craig Jeffrey
CFO
 Award / grant 1,691$82.96$140,2851,691
2026-09-17Fullalove Craig Jeffrey
CFO
 Award / grant 3,414$82.96$283,2253,414
2026-09-17Billings Craig Scott
Director, CEO
 Award / grant 4,228$82.96$350,7554,228
2026-09-17Billings Craig Scott
Director, CEO
 Award / grant 8,535$82.96$708,0648,535
2026-09-15Krum Jacqui
EVP and General Counsel
 Tax withholding 2,171$86.71$188,24749,130
2026-08-12Fertitta Tilman J
10 percent owner
 Open-market sale 100,000$118.00$11.8M100,000
2026-08-12Fertitta Tilman J
10 percent owner
 Open-market sale 100,000$119.00$11.9M100,000
2026-08-12Fertitta Tilman J
10 percent owner
 Open-market sale 100,000$120.00$12.0M100,000
2026-07-30Fertitta Tilman J
10 percent owner
 Open-market sale 30,000$115.00$3.5M30,000
2026-07-30Fertitta Tilman J
10 percent owner
 Open-market sale 157,000$120.00$18.8M157,000
2026-07-27Fertitta Tilman J
10 percent owner
 Open-market sale 100,000$115.00$11.5M100,000
2026-07-27Fertitta Tilman J
10 percent owner
 Open-market sale 100,000$116.00$11.6M100,000

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired1455,232$4.2M
Open-market saleDisposed294,431,900$524.7M
Option exerciseAcquired110,827$882,942
Option exerciseDisposed110,827$882,942
Tax withholdingDisposed12,171$188,247
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

FiledFilerShares proposedEst. proceeds
2025-09-02Mulroy Patricia4,438$554,750
2025-05-29Mulroy Patricia2,262$208,377
2024-09-16Mulroy Family Trust2,650$208,634
2024-05-28Atkins Betsy S2,446$228,518
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 5 trades (3 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-25Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-09-11Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2025-10-30Lisa C. McClainHouseSale (Full)$1,001 - $15,0002025-11-24
2025-10-29Lisa C. McClainHousePurchase$1,001 - $15,0002025-11-24
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
Capital World Investors9,833,108$954.7M9.55%
BlackRock, Inc.6,278,361$609.6M6.10%
VANGUARD CAPITAL MANAGEMENT LLC5,098,656$495.0M4.95%
FMR LLC4,666,063$453.0M4.53%
BARROW HANLEY MEWHINNEY & STRAUSS LLC3,310,354$321.4M3.21%
STATE STREET CORP3,047,930$295.9M2.96%
VANGUARD PORTFOLIO MANAGEMENT LLC2,952,564$286.7M2.87%
Invesco Ltd.2,533,576$246.0M2.46%
GEODE CAPITAL MANAGEMENT, LLC2,402,498$232.9M2.33%
CITADEL ADVISORS LLC1,730,499$168.0M1.68%
JPMORGAN CHASE & CO1,413,047$140.8M1.37%
THRIVENT FINANCIAL FOR LUTHERANS1,287,688$125.0M1.25%
GOLDMAN SACHS GROUP INC1,171,941$113.8M1.14%
RENAISSANCE TECHNOLOGIES LLC1,109,756$107.7M1.08%
NORGES BANK905,912$88.0M0.88%

Institutional ownership by quarter

2023-092026-0673.1%
% of shares held by 13F filers
2023-092026-06500
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3050073.1%6215119671
2026-03-3151369.5%69170184105
2025-12-3156267.5%9620317065
2025-09-3053766.9%9216120664
2025-06-3051769.9%70163229100
2025-03-3155367.6%7718921193
2024-12-3157668.5%11418520385
2024-09-3055972.2%9518721189
2024-06-3055866.0%7920718476
2024-03-3156665.5%10016721681
2023-12-3155867.7%9317820453
2023-09-3052370.3%5516421489

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-08-24SCHEDULE 13G/AElaine P. Wynn Family Trust - 2016 dtd 5/24/20160.0%0
2026-08-14SCHEDULE 13G/ASusquehanna Securities, LLC4.1%4,222,928
2026-07-30SCHEDULE 13GBlackRock, Inc.5.3%5,509,225
2026-04-30SCHEDULE 13GVanguard Capital Management5.8%5,990,543
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.01%$183.5M
VTSAX0.01%$183.5M
VSMPX0.01%$183.5M
VTI0.01%$183.5M
RSP0.16%$161.5M
VOO0.01%$152.4M

Share structure

Shares outstanding102,974,000
Float77,842,989
Free float75.6%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$3.8B$3.8B$6.5B$7.1B$7.1B
Cost of revenue$2.6B$2.4B$3.7B$4.0B$4.8B
Gross profit$1.2B$1.4B$2.8B$3.1B$2.3B
R&D$0$0$0$0$0
SG&A$796.6M$830.5M$1.1B$1.1B$1.1B
Operating income−$394.5M−$100.7M$840.2M$1.1B$1.2B
EBITDA$310.0M$643.2M$1.7B$2.0B$1.8B
Pretax income−$1.0B−$700.0M$285.4M$643.4M$514.1M
Income tax$474,000$9.3M−$496.8M$3.7M$105.0M
Net income−$755.8M−$423.9M$730.0M$501.1M$327.3M
EPS, diluted$-6.64$-3.73$6.32$4.35$3.14
Diluted shares113.8M113.6M112.9M110.3M104.2M

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$2.5B$3.7B$3.7B$2.4B$2.1B
Receivables$199.5M$216.0M$341.7M$324.0M$415.3M
Inventory$70.0M$70.1M$75.6M$75.8M$88.5M
Total current assets$2.9B$4.0B$4.2B$2.9B$2.7B
PP&E, net$9.1B$8.7B$8.5B$8.3B$8.5B
Goodwill & intangibles$307.6M$245.3M$329.7M$273.1M$224.2M
Total assets$12.5B$13.4B$14.0B$13.0B$13.5B
Accounts payable$170.5M$197.5M$208.3M$205.1M$255.3M
Total current liabilities$1.3B$1.8B$2.2B$1.5B$1.6B
Long-term debt$11.9B$11.6B$11.0B$10.5B$10.5B
Total liabilities$13.4B$15.1B$15.1B$13.9B$14.5B
Shareholders' equity−$836.2M−$1.6B−$1.1B−$968.6M−$1.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income−$1.0B−$709.4M$730.0M$639.7M$409.1M
Depreciation & amortization$716.0M$692.3M$687.3M$658.9M$620.6M
Stock-based compensation$95.2M$67.6M$64.5M$59.0M$91.9M
Change in working capital−$141.0M−$56.6M$1.8M−$35.8M−$38.8M
Operating cash flow−$222.6M−$71.3M$1.2B$1.4B$1.4B
Capital expenditure−$346.7M−$352.5M−$507.2M−$422.5M−$660.4M
Free cash flow−$569.3M−$423.8M$740.7M$1.0B$692.2M
Investing cash flow−$342.4M$1.3B−$1.3B−$83.6M−$1.7B
Net debt issued / repaid−$1.2B$143.2M−$352.4M−$1.2B−$64.2M
Buybacks−$13.8M−$187.5M−$212.5M−$401.8M−$380.1M
Dividends paid−$1.6M−$1.4M−$84.7M−$139.6M−$174.7M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin32.0%36.4%43.2%43.5%39.2%
Operating margin-10.5%-2.7%12.9%15.9%15.9%
Net margin-20.1%-11.3%11.2%7.0%4.6%
FCF margin-15.1%-11.3%11.3%14.1%9.7%
ROE266.9%87.8%-145.7%-210.7%-131.0%
ROIC-3.3%-0.9%24.5%11.8%9.1%
ROA-5.7%-3.3%5.3%3.7%2.5%
Debt / equity-56.20-18.29-53.19-54.27-44.62
Interest coveragen/mn/m1.4x1.9x1.8x
Current ratio2.232.221.931.901.63
Revenue growth+79.6%−0.2%+73.9%+9.1%+0.1%
EPS growth+66.0%+42.9%+273.4%−30.3%−30.6%
P/E at year endn/mn/m13.7x18.8x38.2x
EV / EBITDA at year end61.3x29.7x11.4x9.6x12.9x
FCF yield at year end-6.00%-4.69%7.41%10.67%5.54%
Dividend payout——11.6%27.9%53.4%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Casino$2.1B$1.6B$3.7B$4.3B$4.4B
Occupancy$592.6M$802.1M$1.2B$1.2B$1.1B
Food and Beverage$633.9M$846.2M$1.0B$1.1B$1.0B
Entertainment Retail And Other$403.8M$475.9M$599.2M$555.4M$548.6M

Revenue by region · FY2025

Las Vegas Operations$2.6B · 45%
Macau Operations$2.3B · 40%
Encore Boston Harbor$846.9M · 15%

Street estimates by fiscal year

Next report 2026-11-05 · consensus EPS $0.72 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$7.4B$7.4B – $7.5B$4.43$3.96 – $5.161117.1x
2027$7.7B$7.5B – $8.1B$4.80$4.21 – $5.65915.8x
2028$8.0B$7.5B – $9.3B$5.79$4.82 – $6.73713.1x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-04$0.99$1.24+25.0%$1.8B$1.9B+1.3%
2026-05-07$1.25$1.250.0%$1.8B$1.9B+1.9%
2026-02-12$1.33$1.17−12.0%$1.9B$1.9B+0.7%
2025-11-06$1.15$0.86−25.2%$1.8B$1.8B+3.3%
2025-08-07$1.20$1.09−9.2%$1.7B$1.7B−0.6%
2025-05-06$1.22$1.07−12.3%$1.7B$1.7B−2.0%
2025-02-13$1.27$2.42+90.6%$1.8B$1.8B+3.9%
2024-11-04$1.04$0.90−13.5%$1.7B$1.7B−2.0%
2024-08-06$1.14$1.12−1.8%$1.8B$1.7B−1.1%
2024-05-07$1.27$1.59+25.2%$1.8B$1.9B+3.6%
2024-02-07$1.12$1.91+70.5%$1.7B$1.8B+5.8%
2023-11-09$0.79$0.99+25.3%$1.6B$1.7B+5.5%
2023-08-09$0.59$0.91+54.2%$1.5B$1.6B+3.8%
2023-05-09$-0.18$0.29+261.1%$1.4B$1.4B+4.0%
2023-02-08$-1.17$-1.23−5.1%$954.5M$1.0B+5.3%
2022-11-09$-1.20$-1.200.0%$871.2M$889.7M+2.1%
2022-08-09$-0.94$-0.82+12.8%$980.9M$908.8M−7.3%
2022-05-10$-1.15$-1.21−5.2%$986.4M$953.3M−3.3%
2022-02-15$-1.24$-1.37−10.5%$994.1M$1.1B+5.9%
2021-11-09$-1.17$-1.24−6.0%$1.0B$994.6M−3.2%
2021-08-04$-1.41$-1.12+20.6%$932.5M$990.1M+6.2%
2021-05-10$-2.00$-2.41−20.5%$792.0M$725.8M−8.4%
2021-02-04$-2.22$-2.45−10.4%$723.9M$686.0M−5.2%
2020-11-05$-3.32$-7.04−112.0%$348.1M$370.5M+6.4%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.106-150.206-220.106-290.207-060.107-130.207-200.207-270.308-030.208-100.208-170.208-240.208-31
Week ofNotionalSharesTrades
2026-08-31$184.0M2,009,01755,286
2026-08-24$172.6M1,773,95544,430
2026-08-17$175.1M1,746,07252,131
2026-08-10$176.1M1,707,63853,981
2026-08-03$267.2M2,637,74870,637
2026-07-27$223.6M2,251,29259,283

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1556.7%
DateShort shareShort volumeTotal volume
2026-10-1556.7%516,061910,462
2026-10-1462.6%492,061785,449
2026-10-1358.2%368,913634,252
2026-10-1244.6%440,306987,182
2026-10-0972.0%592,870823,780
2026-10-0864.4%496,162769,992
2026-10-0770.5%744,0351,054,702
2026-10-0669.6%581,105834,843
2026-10-0553.4%483,989906,090
2026-10-0264.3%547,814852,297
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+1.4Jan+0.2Feb-0.2Mar+7.5Apr-4.0May-3.9Jun+3.9Jul+1.8Aug+0.5Sep+1.2Oct+2.3Nov+0.5Dec
MonthAvg returnUp yearsYears
Jan+1.4%60%20
Feb+0.2%45%20
Mar−0.2%52%21
Apr+7.5%65%20
May−4.0%45%20
Jun−3.9%35%20
Jul+3.9%65%20
Aug+1.8%50%20
Sep+0.5%60%20
Oct+1.2%55%20
Nov+2.3%40%20
Dec+0.5%45%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1436.0
MFI42.5
ADX46.9
Stochastic %K / %D27.0 / 24.2
Williams %R-70.0
CCI-49
TSI / signal-41.9 / -47.0
Chaikin money flow-0.11
ATR$2.46
Bollinger width14.3%
Volume vs 20-day avg0.70x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$77.81 (−2.8%)
SMA 50$87.98 (−14.1%)
SMA 200$100.59 (−24.8%)
EMA 21$78.67 (−3.9%)
EMA 50$85.10 (−11.2%)
EMA 200$97.57 (−22.5%)
Bollinger upper$83.37 (−9.3%)
Bollinger lower$72.24 (+4.7%)
Parabolic SAR$73.07 (+3.5%)
Open the live chart, 110+ indicators

About Wynn Resorts, Limited

Wynn Resorts, Limited excels in the conceptualization, development, and operation of upscale integrated resort properties. The Wynn Palace, situated in Cotai, boasts a gaming floor spanning 424,000 square feet, which includes 323 table games, 1,035 slot machines, exclusive private gaming salons, and sky casinos. Accommodations are offered in a luxurious hotel tower featuring 1,706 guest rooms, suites, and villas, complemented by a health club, spa, salon, and swimming pool. This location further provides 14 distinct food and beverage establishments, 107,000 square feet for retail, 37,000 square feet of conference and event space, alongside a performance lake and elaborate floral displays. The Wynn Macau resort presents a 252,000 square-foot casino housing 331 table games, 818 slot machines, private gaming salons, sky casinos, and a dedicated poker room. Its two opulent hotel towers collectively feature 1,010 guest rooms and suites, enhanced by two health clubs, two spas, a salon, and a swimming pool. Guests also have access to 14 dining and drinking venues, 59,000 square feet of shopping areas, 31,000 square feet of meeting and convention facilities, and a unique Chinese zodiac-inspired ceiling. The company's Las Vegas operations encompass a 194,000 square-foot casino, equipped with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book. Two lavish hotel towers offer 4,748 guest rooms, suites, and villas, complete with multiple swimming pools, private cabanas, two full-service spas and salons, and a wedding chapel. Additional amenities include 32 food and beverage outlets, a substantial 513,000 square feet of meeting and convention space, 155,000 square feet of retail offerings, two theaters, three nightclubs, and a beach club. Finally, the Encore Boston Harbor facility comprises a 211,000 square-foot casino area, featuring 184 table games, 2,766 slot machines, various gaming zones, and a poker room. Its high-end hotel tower contains 671 guest rooms and suites, alongside a spa and salon. This property also includes 15 food and beverage options, a nightclub, 10,000 square feet of retail space, 71,000 square feet dedicated to meetings and conventions, a waterfront park, floral arrangements, and water shuttle services. Established in 2002, Wynn Resorts maintains its corporate headquarters in Las Vegas, Nevada.

https://www.wynnresorts.com

Key executives

NameTitlePayBorn
Craig Scott BillingsChief Executive Officer & Director$5.5M1973
Jacqui KrumExecutive Vice President, General Counsel & Secretary$2.0M1975
Brian GullbrantsChief Operating Officer - North America——
Craig Jeffrey FullaloveCFO and Principal Financial & Accounting Officer—1982
Erik HansenChief Sustainability Officer——
Jenny HoladayPresident of Encore Boston Harbor——
Max TappeinerPresident of Wynn Al Marjan Island——
Michael WeaverChief Communications Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
CRAIG S. BILLINGS Chief Executive Officer2025$2.0M$9.6M$3.4M$15.1M
JULIE M. CAMERON-DOE Chief Financial Officer2025$950,000$2.3M$1.3M$4.5M
JACQUI KRUM Executive Vice President, General Counsel and Secretary2025$825,000$1.6M$1.1M$3.6M

Employees

26k201830k201928k202027k202127k202228k202328k202428k2025

Dividends

Ex-dateAmountPaid
2026-08-14$0.252026-08-28
2026-05-18$0.252026-05-29
2026-02-23$0.252026-03-04
2025-11-17$0.252025-11-26
2025-08-18$0.252025-08-29
2025-05-16$0.252025-05-30
2025-02-24$0.252025-03-05
2024-11-15$0.252024-11-27

Moat model

Weak · Network Effects · 2026-06-30
Cost advantage57
Intangibles25
Switching costs43
Network effect60
Efficient scale56
Our component scores (0-100) and overall 45.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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