CluenexWynn Resorts WYNN
Wynn Resorts scores weak on business quality (4.5 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Wynn Resorts does
Wynn Resorts operates luxury hotels and casinos, generating revenue primarily from high-end gaming, rooms, and dining across Las Vegas, Boston, and Macau. Visitors pay for premium entertainment and luxury resort experiences. The company is leaning into shareholder returns, supported by recent dividend discussions against its casino peer group.
- What it does best
Wynn extracts exceptional cash flow from luxury resort operations, posting a 61% fcf margin that ranks near the top of its sector. This edge relies on high-end property assets that are difficult to replicate.
- The main risk
Heavy debt creates severe vulnerability, with net debt sitting at $8.58 billion against an interest coverage ratio of just 1.89x. Higher interest costs squeeze margins quickly if resort traffic dips.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits at 15.7% with a free cash flow margin of 61%. Profitability is stable but constrained by heavy financing costs, meaning scale does not fully insulate the bottom line.
A luxury brand moat locks in high-net-worth consumers through destination properties. Its gross margin of 40.7% sits near peers like LVS at 48.5%, but negative ROE of -244.7% highlights structural capital strains.
Revenue growth crawls at 0.1%, landing in the bottom quartile of its sector at the 22nd percentile. Growth has slowed sharply from prior post-pandemic recovery years.
Total debt of $10.65 billion outweighs cash of $2.07 billion, leaving net debt at $8.58 billion. Free cash flow of $792 million covers modest dividend payments, but leverage remains heavy and softer.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on WYNN
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Wynn Resorts scores weak on the Cluenex quality check (4.5 of 10), measured against its own industry. Profitability is weak, moat weak, growth steady and financial health fair.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 5, 2026, after the close.
See WYNN today
- Today's verdict on WYNN, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Wynn Resorts (WYNN)”, https://cluenex.com/stocks/wynn/, data as of Oct 10, 2026.