Upside case
Bull case
$216+104.7%
WYNN would need investors to value it at roughly 46x earnings — about 24x more generous than today's 23x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
Wynn Resorts, Limited (WYNN) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
45
analysts
29 bullish · 1 bearish · 45 covering WYNN
Strong Buy
0
Buy
29
Hold
15
Sell
1
Strong Sell
0
Consensus Target
$138
+31.1% vs today
Scenario Range
$103 – $216
Model bear to bull value window
Coverage
45
Published analyst ratings
Valuation Context
22.6x
Forward P/E · Market cap $11.0B
WYNN price targets
Three scenarios for where WYNN stock could go
Current
~$106
Confidence
48 / 100
Updated
Jun 18, 2026
Where we are now
Current · $106
Bear
$103
Base
$164
Bull
$216
Market caseClosest to today
Base case
$164+55.3%
At 35x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$103-2.1%
If investor confidence fades or macro conditions deteriorate, a 0x multiple contraction could push WYNN down roughly 2% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Wynn Resorts, Limited
WYNN · NASDAQConsumer CyclicalGambling, Resorts & CasinosDecember year-end
Wynn Resorts operates luxury integrated casino resorts in Las Vegas, Macau, and Boston. It generates revenue primarily from casino gaming — including table games and slot machines — along with hotel rooms, food and beverage, and retail operations, with Macau typically contributing over half of total revenue. The company's competitive advantage lies in its ultra-premium brand positioning, exceptional service standards, and iconic architectural designs that attract high-end customers willing to pay premium prices.
Market Cap
$11.0B
Revenue TTM
$7.3B
Net Income TTM
$375M
Net Margin
5.1%
WYNN Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
42%Exceptional
12 quarters tracked
Revenue Beat Rate
67%Exceptional
vs consensus estimates
Avg EPS Surprise
+16.0%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 1 of 4Q3 2025
EPS
$1.09/$1.20
Revenue
$1.7B/$1.7B
Q4 2025
EPS
$0.86/$1.15
Revenue
$1.8B/$1.8B
Q1 2026
EPS
$1.17/$1.33
Revenue
$1.9B/$1.9B
Q2 2026
EPS
$1.25/$1.25
Revenue
$1.9B/$1.8B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $1.09/$1.20 | -9.2% | $1.7B/$1.7B | -0.6% |
| Q4 2025 | $0.86/$1.15 | -25.2% | $1.8B/$1.8B | +3.3% |
| Q1 2026 | $1.17/$1.33 | -12.0% | $1.9B/$1.9B | +0.7% |
| Q2 2026 | $1.25/$1.25 | +0.0% | $1.9B/$1.8B | +1.9% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$7.9B
+8.3% YoY
FY2
$8.2B
+3.6% YoY
EPS Outlook
FY1
$4.33
+19.8% YoY
FY2
$4.80
+10.8% YoY
Trailing FCF (TTM)$693M
FCF Margin: 9.5%
Next Earnings
August 6, 2026
Expected EPS
$1.08
Expected Revenue
$1.8B
WYNN beat EPS estimates in 1 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
WYNN Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $7.1B
Product Mix
Latest annual revenue by segment or product family
Casino
61.8%
+3.5% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Las Vegas Operations
44.9%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Casino is the largest disclosed segment at 61.8% of FY 2025 revenue, up 3.5% YoY.
Las Vegas Operations is the largest reported region at 44.9%, with no year-over-year comparison yet.
WYNN Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Slightly expensive versus peers
Fair value est. $85 — implies -19.3% from today's price.
Premium to Fair Value
19.3%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
WYNN
33.6x
vs
S&P 500
24.4x
+37% premium
vs Consumer Cyclical Trailing P/E
WYNN
33.6x
vs
Consumer Cyclical
21.2x
+59% premium
vs WYNN 5Y Avg P/E
Today
33.6x
vs
5Y Average
24.2x
+39% premium
Forward PE
22.6x
S&P 500
18.8x
+20%
Consumer Cyclical
16.3x
+38%
5Y Avg
—
—
Trailing PE
33.6x
S&P 500
24.4x
+37%
Consumer Cyclical
21.2x
+59%
5Y Avg
24.2x
+39%
PEG Ratio
—
S&P 500
1.66x
—
Consumer Cyclical
0.92x
—
5Y Avg
—
—
EV/EBITDA
12.3x
S&P 500
15.2x
-19%
Consumer Cyclical
12.2x
+1%
5Y Avg
26.0x
-53%
Price/FCF
15.8x
S&P 500
20.7x
-24%
Consumer Cyclical
15.6x
+2%
5Y Avg
13.8x
+14%
Price/Sales
1.5x
S&P 500
3.1x
-50%
Consumer Cyclical
0.7x
+120%
5Y Avg
1.9x
-21%
Dividend Yield
1.59%
S&P 500
1.91%
-17%
Consumer Cyclical
2.17%
-27%
5Y Avg
0.74%
+114%
| Metric | WYNN | S&P 500 | Consumer Cyclical | 5Y Avg WYNN |
|---|---|---|---|---|
| Forward PE | 22.6x | 18.8x+20% | 16.3x+38% | — |
| Trailing PE | 33.6x | 24.4x+37% | 21.2x+59% | 24.2x+39% |
| PEG Ratio | — | 1.66x | 0.92x | — |
| EV/EBITDA | 12.3x | 15.2x-19% | 12.2x | 26.0x-53% |
| Price/FCF | 15.8x | 20.7x-24% | 15.6x | 13.8x+14% |
| Price/Sales | 1.5x | 3.1x-50% | 0.7x+120% | 1.9x-21% |
| Dividend Yield | 1.59% | 1.91% | 2.17% | 0.74% |
WYNN trades above S&P 500 benchmarks on 2 of 5 measured multiples — is elevated on some multiples, but competitive on others — a mixed valuation picture.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolWYNN Financial Health
Verdict
Strong
WYNN generates $693M in free cash flow at a 9.5% margin — returns 5.1% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$7.3B
Revenue Growth
TTM vs prior year
+4.7%
Gross Margin
Gross profit as a share of revenue
36.5%
Operating Margin
Operating income divided by revenue
15.9%
Net Margin
Net income divided by revenue
5.1%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$3.61
Free Cash Flow (TTM)
Cash generation after capex
$693M
FCF Margin
FCF as share of revenue — the primary cash quality signal
9.5%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
9.3%
ROA
Return on assets, trailing twelve months
2.9%
Cash & Equivalents
Liquid assets on the balance sheet
$1.5B
Net Debt
Total debt minus cash
$10.8B
Debt Serviceability
Net debt as a multiple of annual free cash flow
15.6× FCF
~15.6 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
—
Shareholder Returns
How capital is returned to owners
Total shareholder yield
5.1%
Dividend
1.6%
Buyback
3.5%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$380M
Dividend / Share
Annualized trailing dividend per share
$1.68
Payout Ratio
Share of earnings distributed as dividends
53.4%
Shares Outstanding
Declining as buybacks retire shares
104M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageWYNN Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Cybersecurity breach
Wynn Resorts faces significant risk from the ShinyHunters cybersecurity breach, which compromised over 800,000 employee and customer records due to a vulnerability in Oracle PeopleSoft.
High Risk
Massive debt
The company's substantial debt load poses a high-risk factor, potentially impacting financial flexibility and growth prospects.
Medium
Concentration risk
Wynn Resorts' operations are heavily concentrated in specific regions like Macau and Las Vegas, making it vulnerable to local economic downturns or regulatory changes.
Medium
Profit decline
Despite bullish market sentiment, Wynn Resorts reported a drop in profit, indicating potential underlying operational challenges.
Lower
Valuation concerns
High valuation multiples may limit upside potential and increase susceptibility to market corrections.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why WYNN Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
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.
Revenue Growth Momentum
Q1 2026 revenue grew 9.2% year over year to $1.86B, with adjusted EPS rising to $1.25 from $1.07.
Diversified Portfolio Strength
Operations across Las Vegas, Macau, and Boston Harbor provide geographic and operational diversification.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
WYNN Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$105.53
52W Range Position
39%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$86.53
+22.0% from the low
52-Week High
$134.72
-21.7% from the high
1 Month
+10.49%
3 Month
+3.85%
YTD
-13.9%
1 Year
+21.4%
3Y CAGR
-0.2%
5Y CAGR
-3.2%
10Y CAGR
+0.5%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
WYNN vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
22.6x
vs 21.1x median
+7% above peer median
Revenue Growth
+8.3%
vs +8.3% median
-0% below peer median
Net Margin
5.1%
vs 1.0% median
+398% above peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
WYN WYNN Wynn Resorts, Limited | $11.0B | 22.6x | +8.3% | 5.1% | Buy | +31.1% |
LVS LVS Las Vegas Sands Corp. | $32.3B | 14.7x | +8.7% | 13.4% | Buy | +39.3% |
MGM MGM MGM Resorts International | $12.0B | 27.5x | +5.7% | 1.0% | Buy | -7.7% |
MLC MLCO Melco Resorts & Entertainment Limited | $2.2B | 9.8x | +10.0% | 3.6% | Buy | +41.0% |
CZR CZR Caesars Entertainment, Inc. | $6.0B | — | +5.1% | -4.2% | Hold | +5.7% |
PEN PENN PENN Entertainment, Inc. | $2.8B | 28.3x | +8.3% | -12.1% | Buy | -3.4% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
WYNN Dividend and Capital Return
WYNN returns capital mainly through $380M/year in buybacks (3.5% buyback yield), with a modest 1.59% dividend — combining for 5.1% total shareholder yield.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
5.1%
Dividend + buyback return per year
Buyback Yield
3.5%
Dividend Yield
1.59%
Payout Ratio
53.4%
How WYNN Splits Its Return
Div 1.59%
Buyback 3.5%
Dividend 1.59%Buybacks 3.5%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.68
Growth Streak
Consecutive years of dividend increases
0Y
3Y Div CAGR
-37.0%
5Y Div CAGR
0.0%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$380M
Estimated Shares Retired
4M
Approx. Share Reduction
3.5%
Shares Outstanding
Current diluted share count from the screening snapshot
104M
At 3.5%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.50 | — | — | — |
| 2025 | $1.00 | 0.0% | 3.0% | 4.4% |
| 2024 | $1.00 | +33.3% | 4.2% | 5.7% |
| 2023 | $0.75 | — | 2.1% | 2.9% |
| 2020 | $1.00 | -73.3% | 0.1% | 1.0% |
FAQ
7 questionsWYNN Investor Questions
Common questions answered from live analyst data and company financials.
01Is Wynn Resorts, Limited (WYNN) stock a buy or sell in 2026?
Wynn Resorts, Limited (WYNN) is rated Buy by Wall Street analysts as of 2026. Of 45 analysts covering the stock, 29 rate it Buy or Strong Buy, 15 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $138, implying +31.1% from the current price of $106. The bear case scenario is $103 and the bull case is $216.
02What is the WYNN stock price target for 2026?
The Wall Street consensus price target for WYNN is $138 based on 45 analyst estimates. The high-end target is $150 (+42.1% from today), and the low-end target is $127 (+20.3%). The base case model target is $164.
03Is Wynn Resorts, Limited (WYNN) stock overvalued in 2026?
WYNN trades at 22.6x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals slightly expensive versus peers. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Wynn Resorts, Limited (WYNN) stock in 2026?
The primary risks for WYNN in 2026 are: (1) Cybersecurity breach — Wynn Resorts faces significant risk from the ShinyHunters cybersecurity breach, which compromised over 800,000 employee and customer records due to a vulnerability in Oracle PeopleSoft. (2) Massive debt — The company's substantial debt load poses a high-risk factor, potentially impacting financial flexibility and growth prospects. (3) Concentration risk — Wynn Resorts' operations are heavily concentrated in specific regions like Macau and Las Vegas, making it vulnerable to local economic downturns or regulatory changes. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Wynn Resorts, Limited's revenue and earnings forecast?
Analyst consensus estimates WYNN will report consensus revenue of $7.9B (+8.3% year-over-year) and EPS of $4.33 (+19.8% year-over-year) for the upcoming fiscal year. The following year, analysts project $8.2B in revenue.
06When does Wynn Resorts, Limited (WYNN) report its next earnings?
Wynn Resorts, Limited is expected to report its next earnings on approximately 2026-08-06. Consensus expects EPS of $1.08 and revenue of $1.8B. Over recent quarters, WYNN has beaten EPS estimates 42% of the time.
07How much free cash flow does Wynn Resorts, Limited generate?
Wynn Resorts, Limited (WYNN) generated $693M in free cash flow over the trailing twelve months — a free cash flow margin of 9.5%. WYNN returns capital to shareholders through dividends (1.6% yield) and share repurchases ($380M TTM).