Wynn Resorts (WYNN) AI Stock Analysis

• Market Cap: $12.10B
• Dividend Yield: 0.8%
• Average Volume (3M): 1.19M
• Price to Earnings (P/E): 26.1
• Beta (1Y): 0.88
• Revenue Growth: -0.26%
• EPS Growth: -44.45%
• Country: US
• Employees: 28,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.86
• Shares Outstanding: 103,974,480
• 10 Day Avg. Volume: 862,903
• 30 Day Avg. Volume: 1,188,879
• PEG Ratio: -0.64
• Price to Book (P/B): -42.27
• Price to Sales (P/S): 1.33
• P/FCF Ratio: 9.44
• Enterprise Value/Market Cap: 1.98
• Enterprise Value/Revenue: 3.36
• Enterprise Value/Gross Profit: 7.96
• Enterprise Value/Ebitda: 12.61
• 1Y Price Target: $147.22
• Price Target Upside: 24.48% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: $120.00 ▲(1.46% Upside)

The score is held back primarily by balance-sheet risk (negative equity/high leverage) and weak technical momentum. Offsetting factors include a positive earnings-call outlook with strength in Las Vegas and Macau and longer-term growth drivers (UAE development), while valuation and dividend support are only moderate.

Positive Factors

Macau Operating Strength

Sustained strength in Macau signals structural demand recovery in a core, high-margin market. Higher mass volumes and strong EBITDAR underpin durable cash generation and market positioning, supporting long-term revenue stability even amid regional volatility.

Strong Liquidity Position

A large liquidity buffer provides multi-quarter runway to fund operations, capital projects, and refinancing needs. This reduces near-term solvency risk, enables strategic investments (e.g., Al Marjan), and cushions cyclical gaming revenues while management executes growth plans.

Orderly CFO Succession

An internally sourced CFO succession preserves regional financing expertise and continuity during major projects and international operations. This lowers execution and financing risk for ongoing developments and maintains relationships critical to capital allocation and treasury functions.

Negative Factors

Negative Equity / High Leverage

Persistently negative equity and heavy leverage constrain strategic flexibility, increase refinancing and covenant risk, and elevate the cost of capital. Over months, this can limit investment options, impede opportunistic M&A, and pressure cash available for shareholder returns.

Weak Free Cash Flow Growth

A sharp drop in free cash flow growth erodes internal funding capacity for capex, project funding, and dividends. Even with ample liquidity, sustained FCF weakness forces greater reliance on external financing, increasing interest burden and reducing resilience to industry downturns.

Planned Room-Night Loss from Remodel

A planned multi-month room closure materially reduces revenue and RevPAR in the near term and pressures operating leverage at Las Vegas properties. While it may enhance long-term product, the short-to-medium term impact reduces cash flows and complicates comparable performance.

Wynn Resorts Business Overview & Revenue Model

Company Description

Wynn Resorts, Limited designs, develops, and operates integrated resorts. Its Wynn Palace segment operates 424,000 square feet of casino space with 323 table games, 1,035 slot machines, private gaming salons, and sky casinos; a luxury hotel tower with 1,706 guest rooms, suites, and villas, including a health club, spa, salon, and pool; 14 food and beverage outlets; 107,000 square feet of retail space; 37,000 square feet of meeting and convention space; and performance lake and floral art displays. Its Wynn Macau segment operates 252,000 square feet of casino space with 331 table games, 818 slot machines, private gaming salons, sky casinos, and a poker room; two luxury hotel towers with 1,010 guest rooms and suites that include two health clubs, two spas, a salon, and a pool; 14 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; and Chinese zodiac-inspired ceiling attractions. Its Las Vegas Operations segment operates 194,000 square feet of casino space with 223 table games, 1,751 slot machines, private gaming salons, a sky casino, a poker room, and a race and sports book; two luxury hotel towers with 4,748 guest rooms, suites, and villas, including swimming pools, private cabanas, two full service spas and salons, and a wedding chapel; 32 food and beverage outlets; 513,000 square feet of meeting and convention space; 155,000 square feet of retail space; and two theaters, three nightclubs and a beach club. Its Encore Boston Harbor segment operates 211,000 square feet of casino space with 184 table games, 2,766 slot machines, gaming areas, and a poker room; a luxury hotel tower with 671 guest rooms and suites, including a spa and salon; 15 food and beverage outlets and a nightclub; 10,000 square feet of retail space; 71,000 square feet of meeting and convention space; and a waterfront park, floral displays, and water shuttle service. The company was founded in 2002 and is based in Las Vegas, Nevada.

How the Company Makes Money

Wynn Resorts generates revenue primarily through its gaming operations, hotel accommodations, and various entertainment and dining offerings. The company's casino segment is a significant revenue driver, where it earns money from table games and slot machines. Hotel accommodations contribute through room bookings, with luxury pricing reflecting the premium nature of its properties. Additionally, Wynn Resorts benefits from high-end restaurants, bars, and entertainment venues, which attract guests and locals alike. The company also engages in retail operations within its resorts, enhancing the overall guest experience and driving additional sales. Significant partnerships with renowned chefs and entertainment acts further amplify its offerings, while the company's strategic focus on the Asian gaming market, particularly in Macau, plays a crucial role in its revenue generation.

Wynn Resorts Financial Statement Overview

Summary

Wynn Resorts shows mixed financial performance. Revenue growth and profitability have improved, but significant leverage and negative equity pose financial risks. Cash flow generation is moderate but declining, necessitating careful management to ensure liquidity and operational efficiency.

Income Statement

Wynn Resorts has shown a positive revenue growth trend with a 2.02% increase in TTM, indicating recovery from previous years. The gross profit margin is healthy at 31.62%, though it has decreased from the previous year. The net profit margin improved to 9.38% TTM, reflecting better profitability. However, the EBIT and EBITDA margins have declined, suggesting potential operational inefficiencies.

Balance Sheet

The balance sheet reveals significant financial leverage with a negative equity position, resulting in a high debt-to-equity ratio of -10.68 TTM. The return on equity is negative, indicating challenges in generating returns for shareholders. The equity ratio is also negative, highlighting financial instability.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth by 84% TTM, raising concerns about cash generation. The operating cash flow to net income ratio is 0.71, indicating moderate cash conversion efficiency. The free cash flow to net income ratio is 0.56, suggesting some ability to generate cash relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.11B	7.13B	6.53B	3.76B	3.76B	2.10B
Gross Profit	3.00B	3.10B	2.82B	1.37B	1.21B	352.64M
EBITDA	1.90B	1.99B	1.72B	643.17M	310.01M	-480.30M
Net Income	504.28M	501.08M	729.99M	-423.86M	-755.79M	-2.07B
Balance Sheet
Total Assets	12.80B	12.98B	14.00B	13.42B	12.53B	13.87B
Cash, Cash Equivalents and Short-Term Investments	1.96B	2.43B	3.72B	3.65B	2.52B	3.48B
Total Debt	12.20B	12.17B	13.37B	13.73B	12.05B	13.19B
Total Liabilities	13.94B	13.95B	15.10B	15.06B	13.37B	14.61B
Stockholders Equity	-370.04M	-224.16M	-251.38M	-750.84M	-214.42M	-352.00M
Cash Flow
Free Cash Flow	736.71M	1.00B	740.70M	-423.78M	-569.28M	-1.36B
Operating Cash Flow	1.35B	1.43B	1.25B	-71.27M	-222.59M	-1.07B
Investing Cash Flow	-1.41B	-83.56M	-1.34B	1.35B	-342.42M	-265.76M
Financing Cash Flow	-2.07B	-1.79B	-719.21M	-23.68M	-388.00M	2.46B

Wynn Resorts Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 118.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WYNN, the sentiment is Negative. The current price of 118.27 is below the 20-day moving average (MA) of 123.25, below the 50-day MA of 123.85, and above the 200-day MA of 107.79, indicating a neutral trend. The MACD of -1.70 indicates Positive momentum. The RSI at 40.23 is Neutral, neither overbought nor oversold. The STOCH value of 18.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WYNN.

Wynn Resorts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BYD	75 Outperform	$6.72B	3.86	87.17%	0.84%	5.91%	336.91%
LVS	74 Outperform	$41.53B	27.93	62.28%	1.51%	8.37%	10.20%
MGM	63 Neutral	$9.33B	220.65	2.25%	―	0.05%	-94.07%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
MLCO	56 Neutral	$2.73B	26.18	―	―	11.32%	―
WYNN	53 Neutral	$12.10B	26.08	―	0.80%	-0.26%	-44.45%
CZR	51 Neutral	$4.69B	-21.82	-6.06%	―	0.87%	31.28%

Wynn Resorts Corporate Events

Wynn Resorts Announces Planned CFO Transition and Succession

On January 7, 2026, Wynn Resorts announced that Chief Financial Officer Julie Cameron‑Doe will retire from her CFO role effective March 31, 2026 and from her officer role effective June 1, 2026, after helping drive the group’s recent expansion into Europe via the Wynn Mayfair acquisition and into the Middle East through financing for the $5.1 billion Wynn Al Marjan Island project. To ensure continuity, she will remain a consultant to the company and a non‑executive director of Wynn Macau, while Craig Fullalove, currently CFO and Chief Administrative Officer of Wynn Macau, Limited, will assume the Wynn Resorts CFO post on April 1, 2026 under a three‑year employment agreement featuring an $800,000 base salary, substantial incentive and equity components, and defined severance protections, signaling a planned, internally sourced finance leadership transition that preserves strategic and regional expertise as the company continues its global growth initiatives.

The most recent analyst rating on (WYNN) stock is a Buy with a $155.00 price target. To see the full list of analyst forecasts on Wynn Resorts stock, see the WYNN Stock Forecast page.

Wynn Resorts Reports Strong Q3 2025 Financial Results

Wynn Resorts reported strong financial results for the third quarter of 2025, with operating revenues reaching $1.83 billion, a significant increase from the previous year. The company achieved a net income of $88.3 million, reversing a net loss from the same period in 2024, driven by impressive growth in Macau and continued success in Las Vegas. The Board of Directors declared a cash dividend of $0.25 per share, reflecting confidence in the company’s financial health. Additionally, Wynn Resorts made notable progress on its Wynn Al Marjan Island project, contributing $93.9 million to the development, which is expected to open in 2027.

The most recent analyst rating on (WYNN) stock is a Hold with a $126.00 price target. To see the full list of analyst forecasts on Wynn Resorts stock, see the WYNN Stock Forecast page.