Wynn Resorts Financials
This page shows Wynn Resorts (WYNN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Wynn Resorts has an operating margin of 15.9%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 79/100, reflecting efficient cost management and pricing power. This is up from 12.9% the prior year.
Wynn Resorts's revenue grew 9.1% year-over-year to $7.1B, a solid pace of expansion. This earns a growth score of 55/100.
Wynn Resorts's current ratio of 1.90 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.
Wynn Resorts converts 14.1% of revenue into free cash flow ($1.0B). This strong cash generation earns a score of 71/100.
Wynn Resorts scores 1.30, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Wynn Resorts passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Wynn Resorts generates $2.85 in operating cash flow ($1.4B OCF vs $501.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Wynn Resorts earns $49.2 in operating income for every $1 of interest expense ($1.1B vs $23.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Wynn Resorts generated $7.1B in revenue in fiscal year 2024. This represents an increase of 9.1% from the prior year.
Wynn Resorts's EBITDA was $1.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.3% from the prior year.
Wynn Resorts generated $1.0B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 25.0% from the prior year.
Wynn Resorts reported $501.1M in net income in fiscal year 2024. This represents a decrease of 31.4% from the prior year.
Wynn Resorts earned $4.35 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 31.2% from the prior year.
Wynn Resorts held $2.4B in cash against $10.5B in long-term debt as of fiscal year 2024.
Wynn Resorts had 106M shares outstanding in fiscal year 2024. This represents a decrease of 5.1% from the prior year.
Wynn Resorts's operating margin was 15.9% in fiscal year 2024, reflecting core business profitability. This is up 3.0 percentage points from the prior year.
Wynn Resorts's net profit margin was 7.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.1 percentage points from the prior year.
Wynn Resorts spent $401.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 89.1% from the prior year.
Wynn Resorts invested $419.9M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 5.2% from the prior year.
WYNN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B+5.5% | $1.7B+2.2% | $1.7B-7.5% | $1.8B+6.1% | $1.7B-7.0% | $1.9B+1.2% | $1.8B+10.1% | $1.7B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $275.0M-2.1% | $280.8M+1.9% | $275.7M+1.2% | $272.3M+2.9% | $264.7M-2.5% | $271.6M-2.8% | $279.5M+4.1% | $268.4M |
| Operating Income | $310.5M+17.3% | $264.6M-1.5% | $268.6M-26.8% | $366.9M+36.1% | $269.7M-25.7% | $362.9M+1.5% | $357.7M+471.5% | $62.6M |
| Interest Expense | $157.6M+2.0% | $154.6M-1.9% | $157.6M+131.4% | -$501.9M-387.5% | $174.6M-4.3% | $182.4M-1.4% | $185.0M-1.9% | $188.6M |
| Income Tax | $61.1M+477.4% | $10.6M-3.9% | $11.0M+126.6% | -$41.4M-621.7% | $7.9M-60.4% | $20.0M+104.0% | -$499.4M-18066.9% | -$2.7M |
| Net Income | $88.3M+33.4% | $66.2M-9.0% | $72.7M-73.7% | $277.0M+147.4% | $111.9M-22.4% | $144.2M-80.2% | $729.2M+724.9% | -$116.7M |
| EPS (Diluted) | $0.85+32.8% | $0.64-7.2% | $0.69-71.6% | $2.43+167.0% | $0.91-30.0% | $1.30-80.1% | $6.53+734.0% | $-1.03 |
WYNN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.8B+0.9% | $12.7B-0.3% | $12.7B-2.0% | $13.0B-2.3% | $13.3B-1.3% | $13.5B-3.8% | $14.0B+4.9% | $13.3B |
| Current Assets | $2.5B+1.1% | $2.5B-3.5% | $2.6B-11.2% | $2.9B-13.4% | $3.4B-10.6% | $3.8B-11.1% | $4.2B+5.2% | $4.0B |
| Cash & Equivalents | $1.5B-25.1% | $2.0B-4.1% | $2.1B-14.7% | $2.4B+2.0% | $2.4B-1.7% | $2.4B-15.9% | $2.9B+3.3% | $2.8B |
| Inventory | $87.8M+9.0% | $80.6M0.0% | $80.6M+6.4% | $75.8M+5.0% | $72.2M-2.1% | $73.7M-2.5% | $75.6M+0.6% | $75.1M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | $18.5M-0.2% | $18.5M0.0% | $18.5M+0.2% | $18.5M0.0% | $18.5M |
| Total Liabilities | $13.9B+0.3% | $13.9B+0.5% | $13.8B-0.9% | $13.9B-1.7% | $14.2B-1.6% | $14.4B-4.5% | $15.1B+0.3% | $15.0B |
| Current Liabilities | $1.4B-40.5% | $2.4B+1.1% | $2.4B+55.7% | $1.5B-40.8% | $2.6B-1.2% | $2.6B+19.7% | $2.2B+45.3% | $1.5B |
| Long-Term Debt | $10.6B+10.7% | $9.5B+0.3% | $9.5B-9.4% | $10.5B+7.8% | $9.7B-1.8% | $9.9B-10.1% | $11.0B-5.6% | $11.7B |
| Total Equity | -$370.0M+16.2% | -$441.5M-22.4% | -$360.7M-60.9% | -$224.2M-104.1% | -$109.8M+19.8% | -$137.0M+45.5% | -$251.4M+69.4% | -$821.8M |
| Retained Earnings | -$1.5B+3.9% | -$1.6B+2.5% | -$1.6B+2.8% | -$1.7B+10.2% | -$1.9B+4.3% | -$2.0B+5.6% | -$2.1B+25.3% | -$2.8B |
WYNN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $335.8M-17.1% | $405.1M+202.8% | $133.8M-72.1% | $479.0M+35.8% | $352.8M+12.0% | $315.1M-28.6% | $441.3M+60.0% | $275.8M |
| Capital Expenditures | $164.0M-0.8% | $165.3M+3.3% | $159.9M+25.7% | $127.2M+35.9% | $93.6M-4.2% | $97.7M-13.8% | $113.4M-0.7% | $114.1M |
| Free Cash Flow | $171.8M-28.4% | $239.8M+1016.8% | -$26.2M-107.4% | $351.8M+35.8% | $259.1M+19.2% | $217.4M-33.7% | $328.0M+102.8% | $161.7M |
| Investing Cash Flow | -$743.7M-217.1% | -$234.5M-5.9% | -$221.5M-5.4% | -$210.1M-101.6% | -$104.2M+37.8% | -$167.4M-2.0% | -$164.2M+74.1% | -$634.1M |
| Financing Cash Flow | -$95.3M+61.7% | -$249.0M+6.7% | -$267.0M+81.7% | -$1.5B-399.6% | -$291.4M+51.8% | -$604.4M-215.8% | -$191.4M+62.4% | -$509.0M |
| Dividends Paid | $60.6M-1.5% | $61.5M+129.5% | $26.8M-2.6% | $27.5M-34.7% | $42.2M+50.8% | $28.0M-0.2% | $28.0M0.0% | $28.0M |
| Share Buybacks | $2.0M-98.8% | $165.6M-21.9% | $212.0M+4.2% | $203.6M+193.2% | $69.4M+510.4% | $11.4M-92.0% | $141.4M+140.0% | $58.9M |
WYNN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 16.9%+1.7pp | 15.2%-0.6pp | 15.8%-4.2pp | 20.0%+4.4pp | 15.6%-3.9pp | 19.5%+0.0pp | 19.4%+15.7pp | 3.7% |
| Net Margin | 4.8%+1.0pp | 3.8%-0.5pp | 4.3%-10.8pp | 15.1%+8.6pp | 6.5%-1.3pp | 7.7%-31.9pp | 39.6%+46.6pp | -7.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.7%+0.2pp | 0.5%-0.1pp | 0.6%-1.6pp | 2.1%+1.3pp | 0.8%-0.2pp | 1.1%-4.1pp | 5.2%+6.1pp | -0.9% |
| Current Ratio | 1.76+0.7 | 1.03-0.0 | 1.08-0.8 | 1.90+0.6 | 1.30-0.1 | 1.43-0.5 | 1.93-0.7 | 2.66 |
| Debt-to-Equity | -28.55-6.9 | -21.62+4.8 | -26.38+20.5 | -46.84+41.8 | -88.68-16.2 | -72.43-28.6 | -43.87-29.7 | -14.21 |
| FCF Margin | 9.4%-4.4pp | 13.8%+15.3pp | -1.5%-20.7pp | 19.1%+4.2pp | 14.9%+3.3pp | 11.7%-6.2pp | 17.8%+8.2pp | 9.7% |
Note: Shareholder equity is negative (-$224.2M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Wynn Resorts's annual revenue?
Wynn Resorts (WYNN) reported $7.1B in total revenue for fiscal year 2024. This represents a 9.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Wynn Resorts's revenue growing?
Wynn Resorts (WYNN) revenue grew by 9.1% year-over-year, from $6.5B to $7.1B in fiscal year 2024.
Is Wynn Resorts profitable?
Yes, Wynn Resorts (WYNN) reported a net income of $501.1M in fiscal year 2024, with a net profit margin of 7.0%.
What is Wynn Resorts's earnings per share (EPS)?
Wynn Resorts (WYNN) reported diluted earnings per share of $4.35 for fiscal year 2024. This represents a -31.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Wynn Resorts's EBITDA?
Wynn Resorts (WYNN) had EBITDA of $1.8B in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wynn Resorts have?
As of fiscal year 2024, Wynn Resorts (WYNN) had $2.4B in cash and equivalents against $10.5B in long-term debt.
What is Wynn Resorts's operating margin?
Wynn Resorts (WYNN) had an operating margin of 15.9% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Wynn Resorts's net profit margin?
Wynn Resorts (WYNN) had a net profit margin of 7.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Wynn Resorts's free cash flow?
Wynn Resorts (WYNN) generated $1.0B in free cash flow during fiscal year 2024. This represents a 25.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Wynn Resorts's operating cash flow?
Wynn Resorts (WYNN) generated $1.4B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Wynn Resorts's total assets?
Wynn Resorts (WYNN) had $13.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Wynn Resorts's capital expenditures?
Wynn Resorts (WYNN) invested $419.9M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Wynn Resorts buy back shares?
Yes, Wynn Resorts (WYNN) spent $401.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Wynn Resorts have outstanding?
Wynn Resorts (WYNN) had 106M shares outstanding as of fiscal year 2024.
What is Wynn Resorts's current ratio?
Wynn Resorts (WYNN) had a current ratio of 1.90 as of fiscal year 2024, which is generally considered healthy.
What is Wynn Resorts's debt-to-equity ratio?
Wynn Resorts (WYNN) had a debt-to-equity ratio of -46.84 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Wynn Resorts's return on assets (ROA)?
Wynn Resorts (WYNN) had a return on assets of 3.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Wynn Resorts's debt-to-equity ratio negative or unusual?
Wynn Resorts (WYNN) has negative shareholder equity of -$224.2M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Wynn Resorts's Altman Z-Score?
Wynn Resorts (WYNN) has an Altman Z-Score of 1.30, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Wynn Resorts's Piotroski F-Score?
Wynn Resorts (WYNN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Wynn Resorts's earnings high quality?
Wynn Resorts (WYNN) has an earnings quality ratio of 2.85x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Wynn Resorts cover its interest payments?
Wynn Resorts (WYNN) has an interest coverage ratio of 49.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Wynn Resorts?
Wynn Resorts (WYNN) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.