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WYNNWynn Resorts, Limited
$81.45$8.5B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
WYNN logo

Wynn Resorts, Limited

WYNN
NASDAQ · Casinos & Gaming
$81.45
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$8.45B
P/E25.9x
52W High$134.72
Volume1.45M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Recovery Masks Negative Equity Leverage

Wynn Resorts is demonstrating a stabilizing revenue base near $1.9B with improving gross margins (40.9% in 2026Q2) and operating leverage, yet the balance sheet remains strained with negative equity of -$906.7M and total debt of $12.3B. The company's cash flow...

GrowthStable
ProfitabilityModerate
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

WYNN price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

+20% Peers

P/E is 20% above peer median

03

Market leadership

RS 22 · Lag

Laggard (Underperforming 78% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth stabilized at 6.9% in 2026Q2 with gross margin recovering to 40.9% from a 32.0% trough, though still below peers like LVS (49.8%).

Analyst Consensus+62.5% target
Buy(45 analysts)
29 Buy15 Hold1 Sell

The Bull Case

Upside Catalysts

Strong Macau Performance

Wynn's Macau operations generated $989.2M in operating revenue and $279.4M in adjusted property EBITDAR, driving overall revenue growth.

Luxury Resort Appeal

Wynn Resorts' global luxury resorts continue to attract high-spend visitors, supporting premium pricing and revenue stability.

Strategic Expansion Projects

Investments like Wynn Al Marjan Island demonstrate growth potential without overstretching the balance sheet.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
WYNN-32.94%
S&P 500 (^GSPC)+12.39%
1-Year Return
WYNN-35.34%
S&P 500 (^GSPC)+15.77%
3-Year Return
WYNN-6.84%
S&P 500 (^GSPC)+77.28%
5-Year Return
WYNN+1.34%
S&P 500 (^GSPC)+65.67%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
25.9x
Forward P/EExpansion
17.5x
EV/EBITDA20th %ile
10.8x
FCF YieldCash Flow
8.2%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
25.9x
19.8x
67th· Fair
EV/EBITDA
10.8x
13.6x
20th· Low
Price/FCF
12.2x
13.9x
33rd· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$84.60+3.9%
Base (Fair)$229.05+180.5%
Bull$397.95+388.6%
$84.60 Bear$229.05 Base$397.95 Bull
Current Market Price: $81.45
Trades at a 64.4% discount to Base DCF ($229.05)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$7.14B+0.1% YoY
Net income
$327M-34.7% YoY
Free cash flow
$692M-31.1% YoY
Operating margin
16.2%+0.3 pts YoY
ROIC (TTM)9.3%
Avg ROIC 5Y-
ROE (TTM)-
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 4, 2026
$1.24+25.0%
vs $0.99
$1.9B+1.3%
vs $1.8B
Q2 2026
May 7, 2026
$1.25+0.0%
vs $1.25
$1.9B+1.9%
vs $1.8B
Q1 2026
Feb 12, 2026
$1.17-12.0%
vs $1.33
$1.9B+0.7%
vs $1.9B
Q4 2025
Nov 6, 2025
$0.86-25.2%
vs $1.15
$1.8B+3.3%
vs $1.8B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·Sep 16, 2026
Baron Real Estate Fund Q2 2026 Portfolio Activity

Baron Real Estate Fund delivered strong results in the second quarter. The Fund increased 11.89% (Institutional Shares). Shares of Hyatt Hotels Corporation appreciated materially following strong first quarter results and an Investor Day in May that outlined strong long-term growth targets. Shares of AAON, Inc. rose during the quarter following an exceptionally strong earnings report which saw the company see drastically faster growth in its data center business, BasX, than expected.

PRNewsWire·Sep 10, 2026
Wynn Resorts Announces Pricing of Private Offering of $900 Million of Wynn Resorts Finance 6.875% Senior Notes due 2035

LAS VEGAS, Sept. 10, 2026 /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts") announced today the pricing by Wynn Resorts Finance, LLC ("Wynn Resorts Finance") and its subsidiary Wynn Resorts Capital Corp. ("Wynn Resorts Capital" and, together with Wynn Resorts Finance, the "Issuers"), each an indirect wholly-owned subsidiary of Wynn Resorts, of $900 million aggregate principal amount of 6.875% Senior Notes due 2035 (the "Notes") in a private offering.

PRNewsWire·Sep 10, 2026
Wynn Resorts Announces Private Offering of $900 Million of Wynn Resorts Finance Senior Notes due 2035

LAS VEGAS, Sept. 10, 2026 /PRNewswire/ -- Wynn Resorts, Limited (NASDAQ: WYNN) ("Wynn Resorts") announced today that Wynn Resorts Finance, LLC ("Wynn Resorts Finance") and its subsidiary Wynn Resorts Capital Corp. ("Wynn Resorts Capital" and, together with Wynn Resorts Finance, the "Issuers"), each an indirect wholly-owned subsidiary of Wynn Resorts, are offering $900 million aggregate principal amount of Senior Notes due 2035 (the "Notes") in a private offering.

Zacks Investment Research·Sep 3, 2026
Why Is Wynn (WYNN) Down 9.5% Since Last Earnings Report?

Wynn (WYNN) reported earnings 30 days ago. What's next for the stock?

Filtered for Wynn Resorts, LimitedMore Headlines
04

Compare before deciding

Benchmark WYNN against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Wynn Resorts, Limited (WYNN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WYNN logoWYNNWynn Resorts, LimitedCurrent
$81.45$8.45B25.940.14%4.59%—2.06%
LVS logoLVSLas Vegas Sands Corp.
$39.19$25.38B16.6815.22%12.79%108.81%—
MGM logoMGMMGM Resorts International
$37.85$9.52B49.801.72%2.4%12.69%—
MLCO logoMLCOMelco Resorts & Entertainment Limited
$4.72$1.83B10.4911.32%4.5%——
CZR logoCZRCaesars Entertainment, Inc.
$29.61$6.03B-12.242.14%-3.81%-11.99%—
PENN logoPENNPENN Entertainment, Inc.
$15.56$2.08B-2.675.82%-12.66%-48.65%—

Compare WYNN vs Peers

Wynn Resorts, Limited (WYNN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LVS

Most directly comparable listed peer for WYNN.

Scale Benchmark

vs MAR

Larger-name benchmark to compare WYNN against a more recognizable public peer.

Peer Set

Compare Top 5

vs LVS, MGM, MLCO, CZR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

WYNN SEC Filings & Documents

Wynn Resorts, Limited (WYNN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 4, 2026·SEC

Material company update

Jul 22, 2026·SEC

Material company update

May 8, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 2, 2026·SEC

FY 2025

Feb 13, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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WYNN Frequently Asked Questions

Wynn Resorts, Limited (WYNN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Wynn Resorts, Limited's revenue?

Wynn Resorts, Limited (WYNN) reported $7.41B in revenue for fiscal year 2025. This represents a 639540% increase from $1.2M in 2002.

How fast is Wynn Resorts, Limited growing?

Wynn Resorts, Limited (WYNN) grew revenue by 0.1% over the past year. Growth has been modest.

Is WYNN profitable?

Yes, Wynn Resorts, Limited (WYNN) is profitable, generating $448.9M in net income for fiscal year 2025 (4.6% net margin).

Dividend & Returns
Does WYNN pay dividends?

Yes, Wynn Resorts, Limited (WYNN) pays a dividend with a yield of 2.06%. This makes it attractive for income-focused investors.

What is Wynn Resorts, Limited's free cash flow?

Wynn Resorts, Limited (WYNN) generated $479.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in WYNN back in 2002?

Total return calculator · dividends reinvested · 24+ years of data

See returns →