Wynn Resorts (WYNN) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Consumer Cyclical•Resorts & Casinos

AverageMetricSide Score: 43/100

ProfitabilityProfit15/30

GrowthGrowth12/25

Balance SheetBalance8/25

Cash QualityCash8/20

Price & Volume

Market Cap $9.89B

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.

Moat Signals

Competitive analysis based on 61 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~15.2%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Moderate Moat

Limited ROE data for a reliable assessment.

Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.

Risk Signals

Data-driven red flags and warnings across 61 quarters

Some Concerns

Margin Pressure

Healthy

Margins are stable or improving at ~15.5% — no sign of cost or pricing stress.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Red Flag

TTM revenue has contracted 23.9% — significant decline indicating deteriorating demand.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Healthy

Shares decreased 7.1% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.29B
Q. Revenue: $1.86B
TTM EBITDA: $1.76B
TTM Op. Income: $1.13B
Q. Op. Income: $282.60M
TTM Net Income: $375.04M
Q. Net Income: $120.45M
EPS: $1.17
Shares Out.: $103.08M

$7.29B in TTM revenue grew 4.7% YoY, reaching $1.86B last quarter. TTM EBITDA of $1.76B and TTM operating income of $1.13B shows growth is flowing through. Net income of $375.04M TTM confirms the company is converting revenue into profit. Revenue is growing modestly — monitor for acceleration or deceleration.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 23.9%
Op. Margin: 15.2%
Net Margin: 6.5%

Op. margin of 15.2% is down 0.6% YoY — costs are rising relative to revenue. Net margin at 6.5%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 26.4x
P/S Ratio: 1.4x
P/B Ratio: N/A

At 26.4x P/E, the stock trades in line with market averages — fairly valued. P/S of 1.4x and P/B of 0.0x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $12.91B
Cash: $1.19B
Long-Term Debt: $9.98B
Book Value: $-211.82M
D/E Ratio: N/A
Debt/EBITDA: 22.5

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $153.46M
Free Cash Flow: $-25.61M
FCF Margin: -0.4%
FCF / Net Income: -0.2

FCF of $-25.61M on $153.46M in operating cash flow. The FCF / Net Income ratio of -0.1x shows cash consumption — the business is not yet self-funding.

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Wynn Resorts (WYNN) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NasdaqGS•Consumer Cyclical•Resorts & Casinos

AverageMetricSide Score: 43/100

ProfitabilityProfit15/30

GrowthGrowth12/25

Balance SheetBalance8/25

Cash QualityCash8/20

Price & Volume

Market Cap $9.89B

Moat Signals

Competitive analysis based on 61 quarters of fundamental data

Pricing Power

Strong Moat

Operating margins are expanding at ~15.2%, suggesting durable pricing power and cost discipline.

Competitive Advantage

Moderate Moat

Limited ROE data for a reliable assessment.

Cash Generation

Moderate Moat

6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.

Risk Signals

Data-driven red flags and warnings across 61 quarters

Some Concerns

Margin Pressure

Healthy

Margins are stable or improving at ~15.5% — no sign of cost or pricing stress.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Leverage Risk

Healthy

Limited debt-to-equity data available.

Revenue Decline

Red Flag

TTM revenue has contracted 23.9% — significant decline indicating deteriorating demand.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Healthy

Shares decreased 7.1% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $7.29B
Q. Revenue: $1.86B
TTM EBITDA: $1.76B
TTM Op. Income: $1.13B
Q. Op. Income: $282.60M
TTM Net Income: $375.04M
Q. Net Income: $120.45M
EPS: $1.17
Shares Out.: $103.08M

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 23.9%
Op. Margin: 15.2%
Net Margin: 6.5%

Op. margin of 15.2% is down 0.6% YoY — costs are rising relative to revenue. Net margin at 6.5%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 26.4x
P/S Ratio: 1.4x
P/B Ratio: N/A

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $12.91B
Cash: $1.19B
Long-Term Debt: $9.98B
Book Value: $-211.82M
D/E Ratio: N/A
Debt/EBITDA: 22.5

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $153.46M
Free Cash Flow: $-25.61M
FCF Margin: -0.4%
FCF / Net Income: -0.2

FCF of $-25.61M on $153.46M in operating cash flow. The FCF / Net Income ratio of -0.1x shows cash consumption — the business is not yet self-funding.