Wynn Resorts, Limited (WYNN) Stock Analysis
Consumer Cyclical · Resorts & Casinos · NasdaqGS
Wynn Resorts, Limited (WYNN) posted $7.14B in revenue for fiscal 2025 (up 0.1% year over year), at a 4.6% net margin, and has compounded revenue about 27.8%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Wynn Resorts, Limited
Wynn Resorts, Limited has grown revenue from $4.35B to $7.14B over the last 10 fiscal years, compounding about 27.8% a year. The most recent year was up 0.1%, so growth has cooled from its longer-run pace.
Net margin sits at 4.6%, down 2.4 points year over year. It carries about $10.55B of total debt.
At today's valuation the market is pricing in roughly 3.7% annual free-cash-flow growth. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Wynn Resorts, Limited's SEC filings — descriptive, not advice. Ask the analyst your own question →
Wynn Resorts, Limited revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $241.97M | $747.18M | $572.43M | $122.98M | $-2.07B | $-755.79M | $-423.86M | $729.99M | $501.08M | $327.33M |
| Net margin | 5.6% | 12.3% | 8.5% | 1.9% | -98.6% | -20.1% | -11.3% | 11.2% | 7.0% | 4.6% |
Source: Wynn Resorts, Limited SEC filings (10-K). 18 years of history available in the interactive view.
Wynn Resorts, Limited: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 24.3% while revenue rose 0.1% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
- Heavy debt loadTotal debt of $10565.6M is 7.8× last year's operating cash flow — it would take years of cash flow to clear.
What growth is priced into WYNN stock?
At today's market cap of $10.31B, Wynn Resorts, Limited is priced for free-cash-flow growth of about 3.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $692.22M from the FY ending 2025-12-31). For comparison, revenue 27.8%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of Wynn Resorts, Limited financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track WYNN in your portfolio →
Wynn Resorts, Limited financial history by metric
Compare Wynn Resorts, Limited with peers
About Wynn Resorts, Limited
Wynn Resorts, Limited designs, develops, and operates integrated resorts. It operates in four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates casino space, private gaming salons, and sky casinos; a luxury hotel tower with suites and villas, as well as a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and a performance lake, an immersive entertainment center, Western and Asian art displays, and a gondola ride. Its Wynn Macau segment operates casino space, private gaming salons, sky casinos, and a poker room; luxury hotel towers with health clubs, spas, a salon, and a pool; food and beverage outlets; retail space; meeting and convention space; a performance lake; and a rotunda show featuring Chinese zodiac-inspired ceilings. The Las Vegas Operations segment operates casino space, private gaming salons, a sky casino, a poker room, and a race and sports book; a luxury hotel tower with suites, villas, swimming pools, private cabanas, full-service spas and salons, and a wedding chapel; food and beverage outlets; meeting and convention space; retail space; a golf course; nightclubs; a beach club; and theaters. Its Encore Boston Harbor segment operates casino space, private and high-limit gaming areas, and a sports book; a luxury hotel tower with suites, a spa, and a salon; food and beverage outlets; a nightclub; retail space; meeting and convention space; a waterfront park; floral displays; and water shuttle services. Wynn Resorts, Limited was incorporated in 2002 and is based in Las Vegas, Nevada.
Wynn Resorts, Limited — frequently asked questions
What is Wynn Resorts, Limited's revenue?
Wynn Resorts, Limited (WYNN) reported revenue of $7.14B for fiscal year 2025, up 0.1% from the prior year, according to its SEC filings.
Is Wynn Resorts, Limited profitable?
Yes. WYNN earned net income of $327.33M in fiscal 2025, a net margin of 4.6%.
What is WYNN's P/E ratio?
Wynn Resorts, Limited trades at a price-to-earnings ratio of about 28.5 based on the latest data in our nightly-refreshed cache.
How fast is Wynn Resorts, Limited growing?
WYNN's revenue grew at roughly 27.8% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Wynn Resorts, Limited have?
As of fiscal year 2025, WYNN carried roughly $10.55B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Wynn Resorts, Limited's market cap?
Wynn Resorts, Limited (WYNN) has a market capitalization of about $10.31B, based on the latest data in our nightly-refreshed cache.
When does Wynn Resorts, Limited's fiscal year end?
WYNN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into WYNN stock?
At today's market cap of $10.31B, Wynn Resorts, Limited is priced for free-cash-flow growth of about 3.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $692.22M from the FY ending 2025-12-31). For comparison, revenue 27.8%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Wynn Resorts, Limited's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.