WYNN RESORTS LTD WYNN

Consumer discretionary SIC 7011 - Hotels & Motels NAICS Accommodation and Food Services › Accommodation › Traveler Accommodation derived Nasdaq

Wynn Resorts, Limited ("Wynn Resorts," "Wynn," or together with its subsidiaries, "we" or the "Company") is a preeminent designer, developer, and operator of integrated resorts featuring luxury hotel rooms, high-end retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming, all supported by an unparalleled focus on our guests, our people, and our community. We believe that our extensive design and operational experience across numerous gaming jurisdictions provides us with a distinct advantage over other gaming enterprises.

Through our approximately 72% ownership of Wynn Macau, Limited ("WML"), we operate two integrated resorts in the Macau Special Administrative Region of the People's Republic of China ("Macau"), Wynn Palace and Wynn Macau (collectively, our "Macau Operations"). In Las Vegas, Nevada, we operate and, with the exception of certain retail space, own 100% of Wynn Las Vegas and Encore at Wynn Las Vegas, which we also refer to as our Las Vegas Operations. In Everett, Massachusetts, we operate Encore Boston Harbor, an integrated resort. Additionally, the Company has a 40% equity interest in Island 3 AMI FZ-LLC, an unconsolidated affiliate, which is constructing an integrated resort property ("Wynn Al Marjan Island") in Ras Al Khaimah, United Arab Emirates, currently expected to open in 2027.

Last close 72.73 2026-10-23
Market cap $7.49B 2026-06-30 share count
52-week range 72.29 - 134.72

Valuation FY2025 figures against the last close

P/S1.0x
P/E23.2x
P/FCF10.8x
EV/EBITDA9.8x
Dividend yield2.3%
Diluted EPS3.14

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $7.14B$7.13B$6.53B$3.76B$3.76B$2.10B$6.61B$6.72B$6.07B$4.35B
SG&A $1.12B$1.08B$1.07B$830.5M$796.6M$720.8M$896.7M$761.4M$685.5M$548.1M
Total operating expenses $6.02B$6.00B$5.69B$3.86B$4.16B$3.33B$5.73B$5.98B$5.01B$3.82B
Operating income $1.12B$1.13B$840.2M-$100.7M-$394.5M-$1.23B$878.3M$735.5M$1.06B$521.7M
Interest expense $625.6M$688.4M$751.5M$650.9M$605.6M$556.5M$414.0M$381.8M$388.7M$289.4M
Pre-tax income $514.1M$643.4M$285.4M-$700.0M-$1.01B-$1.76B$488.2M$305.7M$560.3M$310.6M
Income tax $105.0M$3.7M$496.8M$9.3M$474.0K$564.7M$176.8M$497.3M$329.0M$8.1M
Net income $327.3M$501.1M$730.0M-$423.9M-$755.8M-$2.07B$123.0M$572.4M$747.2M$242.0M
EPS, basic 3.164.566.49-3.73-6.64-19.371.155.377.322.39
EPS, diluted 3.144.356.32-3.73-6.64-19.371.155.357.282.38
Shares, diluted (wtd. avg.) 104.2M110.3M112.9M113.6M113.8M106.7M107.0M107.0M102.6M101.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.46B$2.43B$2.97B$3.78B$2.53B$3.49B$2.36B$2.22B$2.81B$2.65B
Short-term investments ———————$0$166.8M$173.4M
Receivables $402.6M$324.0M$341.7M$216.0M$199.5M$200.2M$346.4M$276.6M$224.1M$219.0M
Inventory $88.5M$75.8M$75.6M$70.1M$70.0M$66.3M$88.5M$66.6M$71.6M$91.5M
Total current assets $2.68B$2.92B$4.24B$4.03B$2.88B$3.81B$2.86B$2.64B$3.42B$2.99B
Property, plant and equipment $6.63B$6.52B$6.69B$6.90B$8.77B$9.20B$9.62B$9.39B$8.50B$8.26B
Goodwill —$18.5M$18.5M$90.5M$129.7M$144.1M$18.5M$0——
Other intangibles $224.2M$254.6M$302.8M$146.3M$169.4M$125.7M$119.6M$222.5M$123.7M$113.6M
Total assets $13.11B$12.98B$14.00B$13.42B$12.53B$13.87B$13.87B$13.22B$12.68B$11.95B
Accounts payable $255.3M$205.1M$208.3M$197.5M$170.5M$148.5M$262.4M$321.8M$285.4M$298.5M
Short-term debt $9.4M$41.2M$709.6M$547.5M$50.0M$596.4M$323.9M$12.0M$62.7M$0
Total current liabilities $1.64B$1.54B$2.20B$1.81B$1.29B$1.88B$1.98B$1.88B$1.93B$1.42B
Long-term debt $10.54B$10.50B$11.03B$11.57B$11.88B$12.47B$10.08B$9.41B$9.57B$10.13B
Total liabilities $14.14B$13.95B$15.10B$15.06B$13.37B$14.61B$12.33B$11.40B$11.60B$11.70B
Retained earnings -$1.45B-$1.68B-$2.07B-$2.71B-$2.29B-$1.53B$641.8M$921.8M$635.1M$95.1M
Total equity -$275.5M-$224.2M-$1.10B-$1.64B-$836.2M-$737.3M$1.54B$1.81B$1.08B$257.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.35B$1.43B$1.25B-$71.3M-$222.6M-$1.07B$901.1M$961.5M$1.88B$970.5M
Depreciation and amortisation $568.5M$601.4M$625.0M$652.1M$685.7M$699.6M$602.9M$546.1M$547.9M$398.2M
Stock-based compensation $91.9M$59.0M$64.5M$67.6M$95.2M$62.3M$39.7M$36.5M$44.0M$43.2M
Capital expenditure $660.4M$419.9M$442.8M$300.1M$290.7M$290.1M$1.06B$1.48B$935.5M$1.23B
Investing cash flow -$1.66B-$83.6M-$1.34B$1.35B-$342.4M-$265.8M-$1.07B-$1.22B-$957.6M-$1.29B
Financing cash flow -$653.3M-$1.79B-$719.2M-$23.7M-$388.0M$2.46B$299.0M-$324.3M-$754.4M$882.6M
Dividends paid $174.7M$139.6M$84.7M$1.4M$1.6M$108.8M$566.5M$569.8M$320.8M$325.2M
Buybacks $380.1M$401.8M$212.5M$187.5M$13.8M$11.5M$67.0M$159.5M$17.8M$14.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001174922-26-000013.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2.5B 0 2.5B 5B 7.5B Revenue, FY2016: 4.3B Net income, FY2016: 242M Revenue, FY2017: 6.1B Net income, FY2017: 747.2M Revenue, FY2018: 6.7B Net income, FY2018: 572.4M Revenue, FY2019: 6.6B Net income, FY2019: 123M Revenue, FY2020: 2.1B Net income, FY2020: -2.1B Revenue, FY2021: 3.8B Net income, FY2021: -755.8M Revenue, FY2022: 3.8B Net income, FY2022: -423.9M Revenue, FY2023: 6.5B Net income, FY2023: 730M Revenue, FY2024: 7.1B Net income, FY2024: 501.1M Revenue, FY2025: 7.1B Net income, FY2025: 327.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $4.35B $6.07B $6.72B $6.61B $2.10B $3.76B $3.76B $6.53B $7.13B $7.14B
Gross profit — — — — — — — — — —
Net income $242.0M $747.2M $572.4M $123.0M -$2.07B -$755.8M -$423.9M $730.0M $501.1M $327.3M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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CZR Caesars Entertainment, Inc. $5.87B — 2.1%
WH WYNDHAM HOTELS & RESORTS, INC. $5.37B 29.0x 1.8%
BYD BOYD GAMING CORP $5.21B 3.2x 4.1%