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Luxury casino resort operator with properties in Las Vegas, Macau and Boston, known for high-end gaming and hospitality.
Luxury casino resort operator with properties in Las Vegas, Macau and Boston, known for high-end gaming and hospitality.
Earns from gaming wins, rooms, restaurants and shops at its resorts, so high-end gamblers' spending and visitor numbers matter more than the number of properties. Macau and Las Vegas are the main earners, with Macau run through its Hong Kong-listed Wynn Macau subsidiary under a ten-year concession renewed in 2022.
Moat: narrow (brand, regulatory licence, scale). Premium luxury brand positioning plus scarce Macau/Las Vegas gaming licences support pricing power.
Headquarters: Las Vegas, Nevada, US · Founded: 2002 · Employees: 28,500
Size Wynn Resorts (WYNN) is a United States Consumer Discretionary company (Casinos/Gaming) with a market value of $8.56B, the 858th largest of 3,117 United States companies the cockpit tracks. Shares closed at $83.11 on 6 Nov 2026.
Performance Over six months the shares fell 18.6%, against -10.6% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 18 in its peer set.
Growth Revenue grew 6.4% over the last twelve months (peer median +6.1%); the operating margin is 16.3% (peer median 20.9%).
Valuation It trades at 20.8× forward earnings against a peer median of 12.6× (3rd most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.0 points above its cost of capital (7.2% WACC).
Credit Wynn Resorts has 6 bonds outstanding ($5.55B), rated BB- by the agencies and trading like BB at a weighted spread of 219 bp.
Short interest Short interest is 9.7% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $7.41B | $7.14B | $7.13B | $6.53B | $3.76B |
| Revenue growth | — | 0% | +9% | +74% | — |
| Gross profit | $2.38B | $2.34B | $2.44B | $2.14B | $674M |
| EBITDA | $1.85B | $1.78B | $1.80B | $1.63B | $538M |
| Net income | $449M | $327M | $501M | $730M | -$424M |
| Free cash flow | $792M | $692M | $1.01B | $805M | -$371M |
| Capital expenditure | $667M | $661M | $423M | $507M | $353M |
| Total debt | $12.3B | $12.3B | $12.3B | $13.4B | $13.8B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Wynn Resorts WYNN | $8.56B | -19% | +6% | 16% | 20.8× | 1.7% |
| Las Vegas Sands LVS | $25.5B | -23% | +11% | 22% | 14.2× | -2.5% |
| MGM Resorts MGM | $8.18B | -17% | +3% | 6% | 24.0× | 16.0% |
| Melco Resorts & Entertainment Ltd. Sponsored ADR MLCO | $1.79B | -16% | +6% | 12% | 7.5× | -6.2% |
| Galaxy Ent 0027.HK | $19.4B | +8% | +8% | 32% | 14.2× | 2.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WYNN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.4% | +6.7% | 6th highest of 18 |
| 6-month return | -18.6% | -10.6% | 6th lowest of 18 |
| Distance from 52-week high | -38.0% | -36.8% | 8th lowest of 18 |
| Revenue growth (TTM) | +6.4% | +6.1% | 9th highest of 18 |
| Operating margin | 16.3% | 20.9% | 7th lowest of 18 |
| Forward P/E | 20.8× | 12.6× | 3rd most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 1.7% | 2.6% | 8th least demanding of 17 |
| Growth delivered (Del g) | +27.8% | +26.8% | 8th highest of 17 |
| Hurdle (Req g minus delivered) | -26.0 pp | -19.5 pp | 6th least demanding of 17 |
| ROIC minus cost of capital | +4.0 pp | +6.6 pp | 8th lowest of 18 |
| EV / EBITDA | 9.8× | 8.5× | 8th most expensive of 18 |
| Net debt / EBITDA | 5.5× | 2.8× | 4th most indebted of 18 |
| Bond spread | 219 bp | 160 bp | 3rd widest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Wynn Resorts WYNN | United States | $8.56B | -19% | +6% | 16% | 20.8× | 1.7% | +27.8% |
| MGM Resorts MGM | United States | $8.18B | -17% | +3% | 6% | 24.0× | 16.0% | +27.7% |
| Lottomatica LTMC.MI | Italy | $7.17B | +4% | +4% | 21% | 15.4× | -1.4% | +42.7% |
| Sands China 1928.HK | Hong Kong | $11.4B | -30% | +9% | 26% | 12.9× | 2.5% | +34.0% |
| Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh LNW.AX | Australia | $6.22B | +1% | 0% | 27% | 9.4× | -8.5% | +15.8% |
| Caesars Entertainment CZR | United States | $5.96B | +4% | +3% | 17% | n/a | 5.8% | +25.9% |
| Super Group (SGHC) SGHC | United States | $5.77B | -13% | +14% | 23% | 11.7× | -0.2% | +16.6% |
| Boyd Gaming BYD | United States | $5.41B | -11% | 0% | 19% | 10.1× | n/a | n/a |
| Flutter Entertainment FLUT | United States | $14.2B | -19% | +12% | 2% | 14.3× | 26.3% | +23.7% |
| MGM China 2282.HK | Hong Kong | $4.85B | -12% | +11% | 31% | 9.3× | -3.1% | +48.5% |
| FDJ United FDJU.PA | France | $4.49B | -5% | +3% | 15% | 10.6× | -2.8% | +13.9% |
| Entain ENT.L | United Kingdom | $4.05B | -11% | 0% | 11% | 8.9× | 3.2% | +8.1% |
| Galaxy Ent 0027.HK | Hong Kong | $19.4B | +8% | +8% | 32% | 14.2× | 2.8% | +28.7% |
| Wynn Macau 1128.HK | Hong Kong | $2.99B | -24% | +9% | 29% | 8.7× | -2.4% | +31.1% |
| Las Vegas Sands LVS | United States | $25.5B | -23% | +11% | 22% | 14.2× | -2.5% | +34.7% |
| Rush Street Interactive RSI | United States | $2.83B | -56% | +39% | 11% | 16.9× | 13.5% | +32.4% |
| Aristocrat Leisure ALL.AX | Australia | $26.9B | +27% | -1% | 32% | 24.8× | 9.5% | +8.8% |
| PENN Entertainment PENN | United States | $2.34B | +4% | +6% | 6% | 12.3× | 15.2% | +14.2% |
Wynn Resorts has 6 bonds outstanding with $5.55B face value. The agencies rate it BB-; its bonds trade like BB. Weighted yield 6.86%, a spread of 219 bp over government bonds.