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Our Company Wynn Resorts, Limited ("Wynn Resorts," "Wynn," or together with its subsidiaries, "we" or the "Company") is a preeminent designer, developer, and operator of integrated resorts featuring luxury hotel rooms, high-end retail space, an array of dining and entertainment options, meeting and convention facilities, and gaming, all supported by an unparalleled focus on our guests, our peop…
15.67% operating margin is respectable but not wide. ROIC at 8.25%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 0.1%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 31% versus the prior year, cash generation momentum has weakened. Net debt of $10.83B represents 15.6x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$7.29B
▲ +0.1% YoY
Net Income (TTM)
$375M
▼ -34.7% YoY
Op. Margin
15.52%
▼ -0.2pp YoY
ROIC
8.43%
▼ -0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$693M
▼ -31.2% YoY
Op. Cash Flow (TTM)
$1.37B
▼ -5.2% YoY
Net Debt
$10.97B
Cash & Equiv.
$1.19B
5Y CAGR: +27.8%
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