The Tip Desk

WYNN RESORTS LTD

Company Stats

Market Cap
$8.2B
as of Sep 30, 2026
Enterprise Value
$17.3B
Shares Outstanding
103.0M
Free Float
72.4%

Income Statement

Revenue
$7.1B
Operating Income
$1.1B
Net Income
$327.3M
EBITDA
$1.7B
Revenue Growth, 3Y
23.9%
FCF Margin, 3Y Avg
12.0%
FCF Margin, Worst Year
9.7%

Cash Flow

Free Cash Flow
$692.2M
FCF Yield
8.5%
Owner FCF Yield
7.3%

Balance Sheet

Cash & Equivalents
$1.5B
Total Debt
$10.6B
Net Debt
$9.2B
Net Debt / EBITDA
5.44x
EV / EBITDA
10.28x
Net Debt / EBIT
8.20x

Returns & Capital

Dividends Paid
$174.7M
Dividend Yield
2.1%
Dividend Payout, 3Y Avg
30.9%
Share Repurchases
$380.1M
Buyback Yield, 3Y Avg
4.1%
SBC, 3Y Avg
$71.8M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$7.1B$692.2M9.7%
FY2024$7.1B$1.0B14.1%
FY2023$6.5B$805.1M12.3%
FY2022$3.8B-$371.4M-9.9%
FY2021$3.8B-$513.2M-13.6%

Annual filing data through FY ended December 31, 2025; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage