Wynn Resorts
WYNN on Nasdaq. Wynn Resorts sells hotel rooms, dining, entertainment and casino gambling to travelers. Market value $7.9bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $10.04 of spare cash in the past 12 months. A savings account pays about $4.
You pay 14.6 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 8 cents a year. Above 10 is good.
Quality score: 59 of 100. Price score: 93 of 100. Our list needs 70 on quality and 60 on price.
$76.62 a share, at its 1-year low
Over the past year the price has ranged from $75.75 to $134.72.
Dividend: 2.2% a year
Paid every year for at least 5 years
Payouts have jumped around in recent years, so this may not repeat.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $3.8bn | $3.8bn | $6.5bn | $7.1bn | $7.1bn |
| Operating margin | |||||
| Operating margin | -10.5% | -2.7% | 12.9% | 15.9% | 15.7% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.11bn | 0.11bn | 0.11bn | 0.10bn | 0.10bn |
Health checks
- Free cash flow positive3 of 5 years
- Accounting looks honest (Beneish)Not enough data
- Financial strength (Piotroski)5 of 8 checks we could run
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsStrong, 27.8% a year
- Buying back its own sharesYes, 9% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.9 billion last quarter, up 7% on a year ago.
- Profit: $140 million, up 112% on a year ago.
- It keeps 16 cents of each $1 of sales as operating profit, up from 15 cents a year earlier.
- Spare cash over the past 12 months: $792 million, up from $743 million.
- 1% fewer shares than a year ago. Each share owns a bit more of the company.
- Debt is $9.2 billion more than cash, up from $8.6 billion a year ago.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.7bn |
| December 2024 | $1.8bn |
| March 2025 | $1.7bn |
| June 2025 | $1.7bn |
| September 2025 | $1.8bn |
| December 2025 | $1.9bn |
| March 2026 | $1.9bn |
| June 2026 | $1.9bn |
| Quarter to | Amount |
|---|---|
| September 2024 | -$32m |
| December 2024 | $277m |
| March 2025 | $73m |
| June 2025 | $66m |
| September 2025 | $88m |
| December 2025 | $100m |
| March 2026 | $120m |
| June 2026 | $140m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- 5 November 2026
- Last annual report (10-K)
- 2 March 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
5 long-term investors we follow own it, unchanged from 5 last quarter. 495 funds in all.
- Biglari CapitalSardar Biglari
- Value
- $14m
- Share of fund
- 1.2%
- GAMCO InvestorsMario Gabelli
- Value
- $7m
- Share of fund
- <0.1%
- LSV Asset ManagementJosef Lakonishok
- Value
- $117,000
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Barrow HanleyBarrow Hanley team | $321m | 1.0% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $16m | <0.1% | Added |
| Biglari CapitalSardar Biglari | $14m | 1.2% | |
| GAMCO InvestorsMario Gabelli | $7m | <0.1% | |
| LSV Asset ManagementJosef Lakonishok | $117,000 | <0.1% |
Largest holders overall
- Capital World Investors$955mAdded
- BlackRock$610mAdded
- Vanguard Capital Management$495mCut
- FMR$453m
- Barrow Hanley$321mCut
- State Street$296mAdded
- Vanguard Portfolio Management$287mCut
- Invesco$246m
- Geode Capital Management$233mAdded
- Neuberger Berman Group$190mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
8 investors own more than 5%.
- Tilman J. FertittaPassive investorat least 11.8%(filed with 2 related holders)Since 21 March 2025
- Capital World InvestorsPassive investor9.2%+4.0 ptsSince 30 June 2025
- Wynn Kevyn Q.Passive investor9.2%Since 16 May 2025
- Vanguard Capital ManagementPassive investor5.8%Since 31 March 2026
- Kevyn WynnPassive investorat least 5.7%−3.5 pts(filed with 2 related holders)Since 30 June 2026
- BlackRock, Inc.Passive investor5.3%+0.3 ptsSince 30 June 2026
- Blossom Fountain LimitedPassive investorat least 5.0%(filed with 2 related holders)Since 30 September 2025
- G1 Execution Services, LLCPassive investorat least 4.1%−1.0 pts(filed with 4 related holders)Since 30 June 2026
- SIG Brokerage, LPPassive investorSold down below 5%Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Tilman J. Fertitta Passive investor | at least 11.8% (filed with 2 related holders) | 21 March 2025 | |
Capital World Investors Passive investor | 9.2%+4.0 pts | 30 June 2025 | |
Wynn Kevyn Q. Passive investor | 9.2% | 16 May 2025 | |
Vanguard Capital Management Passive investor | 5.8% | 31 March 2026 | |
Kevyn Wynn Passive investor | at least 5.7%−3.5 pts (filed with 2 related holders) | 30 June 2026 | |
BlackRock, Inc. Passive investor | 5.3%+0.3 pts | 30 June 2026 | |
Blossom Fountain Limited Passive investor | at least 5.0% (filed with 2 related holders) | 30 September 2025 | |
G1 Execution Services, LLC Passive investor | at least 4.1%−1.0 pts (filed with 4 related holders) | 30 June 2026 | |
SIG Brokerage, LP Passive investor | Sold down below 5% | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.