Wynn Resorts, Limited (WYNN) Stock

Wynn Resorts, Limited (WYNN) is a Consumer Discretionary stock trading at $99.69 (as of 2026-07-27), with a market capitalization of $10.35B and a trailing P/E of 27.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Wynn Resorts, Limited develops and operates integrated casino resorts across Wynn Las Vegas, Wynn Macau, and Wynn Palace. These segments include casino gaming, hotel accommodations, dining and retail facilities, meeting and convention space, and entertainment offerings, serving guests and visitors at properties in Las Vegas, Macau, and Cotai.

Understand Wynn Resorts, Limited: how it makes money

Wynn Resorts designs, develops, and operates integrated resorts that combine casino gaming with luxury hotels, restaurants, retail, and event space, and it earns money through the resort operations reflected in its operating revenues segments (Wynn Macau, Wynn Las Vegas, and Boston).

Wynn’s profit model is structurally driven by casino-and-hospitality performance at its integrated resorts, with operating revenue reported separately across Wynn Macau, Wynn Las Vegas, and its Boston property.

Revenue by segment (latest quarter)
Macau	$1.0B
Las Vegas	$0.7B
Boston	$0.2B

Business quality (Weak): Clear segment structure by operating revenue (Macau, Las Vegas, Boston), and the largest operating segment shown is Wynn Macau.

Valuation: At 30× earnings, WYNN trades 9% above the Restaurants, Hotels & Motels average (27×). Note: one-time items can distort reported P/E.

Bull case

Segment visibility: Operating revenues are broken out by major operating areas, including Macau, Las Vegas, and Boston, which helps track where results are coming from.
Integrated-resort breadth: The Wynn Palace and Wynn Macau operations combine casino gaming space with luxury hotel offerings and multiple non-casino amenities (food and beverage, retail, and meeting or convention space), which supports multiple revenue streams within a single resort footprint.

Bear case

Concentration by geography: Macau is the largest operating segment by the provided operating revenue figures, so weakness in Macau Operations Operating Revenue could disproportionately affect total operating revenue.
Consumer discretionary exposure: As a company in Restaurants, Hotels & Motels, results depend on discretionary travel and leisure demand, which can pressure operating revenues across its resorts.

Valuation — source: SEC EDGAR (first-party)
Price	$99.69
Market Cap	$10.35B
P/E Ratio	27.6
EV / EBITDA	11.1
Price / Sales	1.42
FCF Yield	6.7%
DCF Value (model)	$113.09
DCF Upside vs Price	13.4%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$7.14B
Net Margin	4.6%
Revenue Growth (YoY)	9.2%
EPS Growth (YoY)	69.6%
FCF Growth (YoY)	-2.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.21 (distress)

Valuation vs Sector & Industry
Stock P/E	27.6
Sector P/E (Consumer Discretionary)	22.0
Industry P/E (Restaurants, Hotels & Motels)	26.6
vs Sector	25.7%
vs Industry	3.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($1.08B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Consumer Discretionary
Industry	Restaurants, Hotels & Motels
CEO	Craig Scott Billings
Employees	28,000
Country	US
IPO Date	2002-10-25

Related Companies (Business model: Hotels & Lodging (Asset-Light Franchisors and Asset-Heavy Lodging REITs) + Cruise Lines and Experiential Leisure (Cruise, Live Events, Fitness, Ski/Parks, Timeshare); 8 closest by market cap; US-domiciled)

Data as of 2026-07-27.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.