Wynn Resorts, Limited
WYNN Consumer Cyclical Resorts & Casinos
Wynn Resorts, Limited’s revenue for fiscal 2025 (year ended December 2025) was $7.1 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue grew 6.86%, EPS grew 114.1%, free cash flow grew 41.6% and total debt rose 1.71%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for three.
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Wynn Resorts, Limited (WYNN) Altman Z-score
Wynn Resorts, Limited's Altman Z-score for fiscal 2025 is 1.30, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.30 | 0.10 |
| FY2024 | 1.19 | 0.15 |
| FY2023 | 1.04 | 0.50 |
| FY2022 | 0.54 | 0.02 |
| FY2021 | 0.53 | 0.16 |
| FY2020 | 0.37 | (1.18) |
| FY2019 | 1.55 | 0.13 |
| FY2018 | 1.41 | (0.44) |
| FY2017 | 1.85 | 0.73 |
| FY2016 | 1.13 | (0.04) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.08 | — | 0.10 | |
| Retained earnings / total assets | (0.11) | — | −0.16 | |
| EBIT / total assets | 0.09 | — | 0.28 | |
| Market value of equity / total liabilities | 0.88 | — | 0.53 | |
| Sales / total assets | 0.54 | — | 0.54 | |
| Altman Z-score | Distress zone | 1.30 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.66 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| LVS Las Vegas Sands Corp. compare | 2.7× |
| BYD Boyd Gaming Corporation compare | 2.5× |
| RRR Red Rock Resorts, Inc. compare | 1.6× |
| MTN Vail Resorts, Inc. compare | 1.5× |
| HGV Hilton Grand Vacations Inc. compare | 1.4× |
| WYNN Wynn Resorts, Limited | 1.3× |
| VAC Marriott Vacations Worldwide Corporation compare | 1.1× |
| MGM MGM Resorts International compare | 0.8× |
| CZR Caesars Entertainment, Inc. compare | 0.5× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on WYNN
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement