Wynn Resorts (WYNN) reported $7.4B in revenue over the twelve months to Jun 30, 2026, up 6.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Operating profitability remains resilient, but heavy financing costs and reinvestment determine what reaches shareholders.
Between FY2024 and FY2025, revenue was essentially flat and operating margin remained about16% , yet net margin fell to4.6% . That compression coincided with reported interest expense jumping to$626M from$23M , while operating cash flow was$1.4B and free cash flow fell to$692M as reinvestment increased.
Negative equity persisted through FY2025, with liabilities exceeding assets, so leverage ratios based on equity are distorted by the denominator. Long-term debt was
Operating cash flow was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Wynn Resorts's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Wynn Resorts has an operating margin of 15.7%, meaning the company retains $16 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is down from 15.9% the prior year.
Wynn Resorts's revenue grew a modest 0.1% year-over-year to $7.1B. This slow but positive growth earns a score of 48/100.
Wynn Resorts's current ratio of 1.63 indicates adequate short-term liquidity, earning a score of 46/100. The company can meet its near-term obligations, though with limited headroom.
Wynn Resorts converts 9.7% of revenue into free cash flow ($692.2M). This strong cash generation earns a score of 71/100.
Wynn Resorts scores 1.18, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Wynn Resorts passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Wynn Resorts generates $4.13 in operating cash flow ($1.4B OCF vs $327.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Wynn Resorts earns $1.79 in operating income for every $1 of interest expense ($1.1B vs $625.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Wynn Resorts generated $7.1B in revenue in fiscal year 2025. This represents an increase of 0.1% from the prior year.
Wynn Resorts's EBITDA was $1.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.9% from the prior year.
Wynn Resorts reported $327.3M in net income in fiscal year 2025. This represents a decrease of 34.7% from the prior year.
Wynn Resorts earned $3.14 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 27.8% from the prior year.
Cash & Balance Sheet
Wynn Resorts generated $692.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 31.2% from the prior year.
Wynn Resorts held $1.5B in cash against $10.5B in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Wynn Resorts's operating margin was 15.7% in fiscal year 2025, reflecting core business profitability. This is down 0.2 percentage points from the prior year.
Wynn Resorts's net profit margin was 4.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.4 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Wynn Resorts spent $380.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 5.4% from the prior year.
Wynn Resorts invested $660.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 57.3% from the prior year.
Not reported for fiscal year 2025.
WYNN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9B0.0% | $1.9B-0.5% | $1.9B+1.8% | $1.8B+5.5% | $1.7B+2.2% | $1.7B-7.5% | $1.8B+8.6% | $1.7B |
| SG&A Expenses | $270.1M-1.8% | $275.2M-3.6% | $285.4M+3.8% | $275.0M-2.1% | $280.8M+1.9% | $275.7M+1.2% | $272.3M+0.2% | $271.8M |
| Operating Income | $297.6M+5.3% | $282.6M+2.9% | $274.7M-11.5% | $310.5M+17.3% | $264.6M-1.5% | $268.6M-26.8% | $366.9M+175.4% | $133.2M |
| Interest Expense | $152.2M-0.1% | $152.4M-2.2% | $155.8M-1.1% | $157.6M+2.0% | $154.6M-1.9% | $157.6M+131.4% | -$501.9M-398.9% | $167.9M |
| Income Tax | $16.2M+59.4% | $10.1M-54.5% | $22.3M-63.6% | $61.1M+477.4% | $10.6M-3.9% | $11.0M+126.6% | -$41.4M-341.7% | $17.1M |
| Net Income | $140.1M+16.3% | $120.5M+20.4% | $100.0M+13.2% | $88.3M+33.4% | $66.2M-9.0% | $72.7M-73.7% | $277.0M+964.1% | -$32.1M |
| EPS (Diluted) | $1.32+26.9% | $1.04+8.3% | $0.96+12.9% | $0.85+32.8% | $0.64-7.2% | $0.69-70.4% | $2.33+903.4% | -$0.29 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
WYNN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.2B+2.0% | $12.9B-1.5% | $13.1B+2.4% | $12.8B+0.9% | $12.7B-0.3% | $12.7B-2.0% | $13.0B-8.0% | $14.1B |
| Current Assets | $2.7B+9.2% | $2.4B-9.5% | $2.7B+6.0% | $2.5B+1.1% | $2.5B-3.5% | $2.6B-11.2% | $2.9B-30.3% | $4.2B |
| Cash & Equivalents | $1.6B+32.5% | $1.2B-18.8% | $1.5B-1.5% | $1.5B-25.1% | $2.0B-4.1% | $2.1B-14.7% | $2.4B+0.8% | $2.4B |
| Inventory | $89.9M-1.8% | $91.6M+3.5% | $88.5M+0.7% | $87.8M+9.0% | $80.6M0.0% | $80.6M+6.4% | $75.8M+0.4% | $75.5M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $18.5M-0.2% | $18.5M |
| Total Liabilities | $14.1B+1.6% | $13.8B-2.1% | $14.1B+1.4% | $13.9B+0.3% | $13.9B+0.5% | $13.8B-0.9% | $13.9B-8.1% | $15.2B |
| Current Liabilities | $2.9B+48.7% | $2.0B+19.1% | $1.6B+14.0% | $1.4B-40.5% | $2.4B+1.1% | $2.4B+55.7% | $1.5B-43.9% | $2.7B |
| Long-Term Debt | $9.3B-6.8% | $10.0B-5.3% | $10.5B-0.2% | $10.6B+10.7% | $9.5B+0.3% | $9.5B-9.4% | $10.5B-0.4% | $10.5B |
| Total Equity | -$169.5M+20.0% | -$211.8M+23.1% | -$275.5M+25.6% | -$370.0M+16.2% | -$441.5M-22.4% | -$360.7M-60.9% | -$224.2M+20.3% | -$281.4M |
| Retained Earnings | -$1.2B+8.4% | -$1.4B+6.5% | -$1.5B+4.8% | -$1.5B+3.9% | -$1.6B+2.5% | -$1.6B+2.8% | -$1.7B+13.0% | -$1.9B |
Not reported in any period shown, so not listed: Accounts Receivable.
WYNN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $491.9M+220.6% | $153.5M-67.9% | $478.0M+42.4% | $335.8M-17.1% | $405.1M+202.8% | $133.8M-72.1% | $479.0M+71.5% | $279.3M |
| Capital Expenditures | $153.0M-14.5% | $179.1M+4.6% | $171.2M+4.4% | $164.0M-0.8% | $165.3M+3.3% | $159.9M+25.7% | $127.2M+25.5% | $101.4M |
| Free Cash Flow | $338.9M+1423.4% | -$25.6M-108.3% | $306.8M+78.5% | $171.8M-28.4% | $239.8M+1016.8% | -$26.2M-107.4% | $351.8M+97.7% | $178.0M |
| Investing Cash Flow | -$131.2M+54.4% | -$287.7M+37.1% | -$457.4M+38.5% | -$743.7M-217.1% | -$234.5M-5.9% | -$221.5M-5.4% | -$210.1M-152.8% | $398.1M |
| Financing Cash Flow | $22.8M+116.5% | -$138.0M-228.6% | -$42.0M+56.0% | -$95.3M+61.7% | -$249.0M+6.7% | -$267.0M+81.7% | -$1.5B-360.9% | $558.1M |
| Dividends Paid | $68.1M+153.5% | $26.9M+4.2% | $25.8M-57.4% | $60.6M-1.5% | $61.5M+129.5% | $26.8M-2.6% | $27.5M-34.4% | $41.9M |
| Share Buybacks | $95.5M+36.3% | $70.0M+15535.5% | $448K-77.8% | $2.0M-98.8% | $165.6M-21.9% | $212.0M+4.2% | $203.6M+73.3% | $117.5M |
WYNN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 16.0%+0.8pp | 15.2%+0.5pp | 14.7%-2.2pp | 16.9%+1.7pp | 15.2%-0.6pp | 15.8%-4.2pp | 20.0%+12.1pp | 7.9% |
| Net Margin | 7.5%+1.0pp | 6.5%+1.1pp | 5.4%+0.5pp | 4.8%+1.0pp | 3.8%-0.5pp | 4.3%-10.8pp | 15.1%+17.0pp | -1.9% |
| Return on Assets | 1.1%+0.1pp | 0.9%+0.2pp | 0.8%+0.1pp | 0.7%+0.2pp | 0.5%-0.1pp | 0.6%-1.6pp | 2.1%+2.4pp | -0.2% |
| Current Ratio | 0.91-0.3x | 1.24-0.4x | 1.63-0.1x | 1.76+0.7x | 1.030.0x | 1.08-0.8x | 1.90+0.4x | 1.53 |
| FCF Margin | 18.3%+19.6pp | -1.4%-17.8pp | 16.4%+7.1pp | 9.4%-4.4pp | 13.8%+15.3pp | -1.5%-20.7pp | 19.1%+8.6pp | 10.5% |
Not reported in any period shown, so not listed: Gross Margin, Return on Equity, Debt-to-Equity.
Note: Shareholder equity is negative (-$275.5M), 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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Where Wynn Resorts Ranks
Frequently Asked Questions
What is Wynn Resorts's annual revenue?
Wynn Resorts (WYNN) reported $7.1B in total revenue for fiscal year 2025. This represents a 0.1% 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 0.1% year-over-year, from $7.1B to $7.1B in fiscal year 2025.
Is Wynn Resorts profitable?
Yes, Wynn Resorts (WYNN) reported a net income of $327.3M in fiscal year 2025, with a net profit margin of 4.6%.
What is Wynn Resorts's EBITDA?
Wynn Resorts (WYNN) had EBITDA of $1.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Wynn Resorts have?
As of fiscal year 2025, Wynn Resorts (WYNN) had $1.5B 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 15.7% in fiscal year 2025, 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 4.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Wynn Resorts's free cash flow?
Wynn Resorts (WYNN) generated $692.2M in free cash flow during fiscal year 2025. This represents a -31.2% 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 2025, representing cash generated from core business activities.
What are Wynn Resorts's total assets?
Wynn Resorts (WYNN) had $13.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Wynn Resorts's capital expenditures?
Wynn Resorts (WYNN) invested $660.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Wynn Resorts's current ratio?
Wynn Resorts (WYNN) had a current ratio of 1.63 as of fiscal year 2025, which is generally considered healthy.
What is Wynn Resorts's return on assets (ROA)?
Wynn Resorts (WYNN) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Wynn Resorts's debt-to-equity ratio negative or not reported?
Wynn Resorts (WYNN) has negative shareholder equity of -$275.5M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 1.18, 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 4.13x, 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 1.79x, meaning it can struggle to 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 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.