WYNNNasdaqHotels & MotelsFiscal year ends December 31
WYNN RESORTS LTD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$75.98+0.38 (+0.50%)
Close on Oct 19, 2026
- Market cap
- $7.82B
- P/E (TTM)
- 18.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
15.7%+74.5 pts over 5 years
Net margin
4.6%+103.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +0.1% | +23.9% | +27.8% | +5.8% | |
| Operating income | -1.3% | – | – | +5.4% | |
| Net income | -34.7% | – | – | +5.3% | |
| EPS, diluted | -27.8% | – | – | +5.0% | |
| Free cash flow | -31.2% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 1052.8% | -297.2% | -131.0% | |
| Return on assets | 2.2% | -14.9% | 2.5% | |
| Current ratio | 2.11 | 2.03 | 1.63 | |
| Debt to equity | 64.11 | -37.12 | -38.28 | |
| Net debt to EBITDA | 8.07× | -18.91× | 5.22× | |
| Interest coverage | 1.8× | -2.2× | 1.8× | |
| Capex to revenue | 28.2% | 13.8% | 9.3% | |
| Diluted shares | 102M | 107M | 104M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Wynn Resorts generated $4.32B from operations and spent $3.71B on capital expenditure, dividends and share buybacks. 57% of that went back into the business.
Generated
$4.32B
Used
$3.71B
Capital expenditure$2.11B57%Dividends$401.96M11%Share buybacks$1.20B32%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.6%
×Asset turnover0.55×
×Equity multiplier-52.21×
=Return on equity, FY2025-131.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.6% | 0.55× | -52.21× | -131.0% |
| FY2024 | 7.0% | 0.53× | -56.72× | -210.7% |
| FY2023 | 11.2% | 0.48× | -27.35× | -145.7% |
| FY2022 | -11.3% | 0.29× | -26.88× | 87.8% |
| FY2021 | -20.1% | 0.29× | -46.61× | 266.9% |
| FY2020 | -98.6% | 0.15× | 19.94× | -297.2% |
| FY2019 | 1.9% | 0.49× | 7.17× | 6.5% |
| FY2018 | 8.5% | 0.52× | 8.68× | 38.4% |
| FY2017 | 12.3% | 0.49× | 22.28× | 135.1% |
| FY2016 | 5.6% | 0.39× | 487.55× | 1052.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$327.33M
- Cash generatingOperating cash flow above zero$1.35B
- Return on assets improvedROA up on the prior year3.6% → 2.5%
- Earnings backed by cashOperating cash flow above net income$1.35B vs $327.33M
- Less leverageLong-term debt to assets fell80.9% → 80.4%
- Better liquidityCurrent ratio rose1.90 → 1.63
- No dilutionShare count did not rise110M → 104M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.51 → 0.55