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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.1B | $1.8B | $327M | $692M | -118.8% | 0.1% | -34.7% |
| 2024 | $7.1B | $2.0B | $501M | $1.0B | -223.5% | 9.1% | -31.4% |
| 2023 | $6.5B | $1.7B | $730M | $794M | -290.4% | 73.9% | -272.2% |
| 2022 | $3.8B | $643M | $-424M | $-384M | 56.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,756.82 | 6,531.90 | 7,127.96 | 7,137.92 |
| Cost Of Revenue | - | 2,390.22 | 3,708.56 | 4,026.42 | 4,180.92 |
| Gross Profit | - | 1,366.60 | 2,823.33 | 3,101.54 | 2,957.01 |
| Operating Expense | - | 1,515.47 | 1,748.33 | 1,744.36 | 1,750.41 |
| Operating Income | - | -148.87 | 1,075.01 | 1,357.18 | 1,206.60 |
| EBITDA | - | 643.17 | 1,724.16 | 1,990.70 | 1,760.33 |
| EBIT | - | -49.15 | 1,036.89 | 1,331.81 | 1,139.70 |
| Pretax Income | - | -700.04 | 285.38 | 643.40 | 514.14 |
| Tax Provision | - | 9.33 | -496.83 | 3.68 | 105 |
| Net Income | - | -423.86 | 729.99 | 501.08 | 327.33 |
| Net Income Common Stockholders | - | -423.86 | 729.99 | 501.08 | 327.33 |
| Total Expenses | - | 3,905.70 | 5,456.89 | 5,770.78 | 5,931.33 |
| Interest Expense | - | 650.88 | 751.51 | 688.41 | 625.56 |
| Interest Income | - | 29.76 | 175.78 | 130.34 | 66.51 |
| Selling General And Administration | - | 830.45 | 1,065.02 | 1,080.47 | 1,116.95 |
| Normalized EBITDA | - | 579.02 | 1,913.90 | 2,172.68 | 1,883.41 |
| Normalized Income | - | -474.53 | 879.89 | 682.01 | 425.31 |
| Market Cap | 11,019.62 | 11,019.62 | 11,019.62 | 11,019.62 | 11,019.62 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Wynn Resorts, Limitedthis co. | WYNN | $10.9B | 33.66↑ premium | -40.00 | -118.8% | 12.35 |
| Deckers Outdoor Corporation | DECK | $16.5B | 15.95 | 6.13 | 38.4% | 10.49 |
| Genuine Parts Company | GPC | $15.3B | 229.41 | 3.42 | 1.5% | 28.11 |
| Aptiv PLC | APTV | $12.8B | 91.48 | 1.64 | 1.8% | 9.40 |
| Best Buy Co., Inc. | BBY | $12.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| 11.85 |
| 4.27 |
| 36.1% |
| 6.60 |
| Avery Dennison Corporation | AVY | $12.7B | 18.50 | 5.68 | 30.7% | 11.71 |
| Amcor plc | AMCR | $12.4B | 35.22 | 1.53 | 4.4% | 18.20 |
| Domino's Pizza, Inc. | DPZ | $12.4B | 20.56 | -3.17 | -15.4% | 16.39 |
| Booking Holdings Inc. | BKNG | $5.8B | 25.96 | -25.15 | -96.9% | 15.44 |
| Peer Median | - | 23.26 | 2.53 | 3.1% | 13.58 | |