Wynn Resorts, Limited (WYNN)财务
NASDAQ · Consumer Cyclical · Gambling, Resorts & Casinos · 员工28,500人 · CEO Craig S. Billings
- 股价
- $74.66 +0.61%
- 市值
- $76.9亿
- 企业价值
- $185亿
- 最近财报
- Q2 '26 2026-08-06提交
- 下次财报
- 2026-11-05 EPS预期 $0.54
营收(TTM)$74.1亿+6.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)16.1%+1.3 百分点 对比去年同期营业利润 $11.9亿
净利润(TTM)$4.49亿+16.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$7.92亿+6.6% 对比去年同期资本支出 $6.67亿
稀释EPS(TTM)$4.17+22.6% 对比去年同期最近4个季度之和
净现金-$102亿-0.6% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $76.9亿 EV $185亿
- 营收
- $74.1亿 过去12个月
- 营收增速
- +4% FY2026年一致预期
- 净利润率
- 6.1% 净利润 / 营收,TTM
- P/E
- 17.1× 预期 17.8×(FY2026)
- P/S
- 1.0× 股价 / 营收,TTM
- EV / EBITDA
- 9.5× TTM
- 自由现金流
- $7.92亿 过去12个月
- 净利润
- $4.49亿 过去12个月
- 营收预期
- $74亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $17.5亿
- 股息
- $1.00 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-04):营收超预期1.3%,EPS 超预期25.0%营收$18.6亿,预期$18.3亿(+1.3%);EPS $1.24,预期$0.99(+25.0%)。
- 营收增长加速:同比6.9%Q2 '26营收$18.6亿,此前四个季度的平均值为4.8%。
- 营业利润率16.1%(TTM),较去年同期+1.3 百分点营收增长6.4%,营业利润增长15.5%。
- 税前利润的72.1%被营业外亏损吞噬税前利润$6.94亿,营业利润$11.9亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的9.0%(去年为8.0%)最近4个季度投入$6.67亿(同比+20.3%)。自由现金流$7.92亿,相当于净利润的176.5%。
- 股东回报$3.49亿 = 自由现金流的44.1%回购$1.68亿(去年为$6.99亿),股息$1.81亿,股权激励$8630万(TTM)。
- 稀释股数一年内减少0.4%Q2 '26稀释股数1.03亿,一年前为1.04亿。
- 净债务 $102亿现金 + 短期投资 $21亿,含租赁债务 $123亿;一年前净债务 $102亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $18.6亿 | $17.4亿 | +6.9% |
| 毛利率 | 40.9% | 41.8% | -0.9 百分点 |
| 营业利润 | $2.99亿 | $2.65亿 | +13.1% |
| 营业利润率 | 16.1% | 15.2% | +0.9 百分点 |
| 净利润 | $1.4亿 | $6620万 | +111.5% |
| 稀释EPS | $1.32 | $0.64 | +106.3% |
| 经营现金流 | $4.92亿 | $4.05亿 | +21.4% |
| 资本支出 | $1.53亿 | $1.65亿 | -7.5% |
| 自由现金流 | $3.39亿 | $2.4亿 | +41.4% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $1690万 | $2880万 | -41.4% |
实际 vs 一致预期
2026-08-04| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $18.6亿 | $18.3亿 | +1.3% |
| EPS(一致预期口径) | $1.24 | $0.99 | +25.0% |
来自2026-08-04发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Casino | $11.8亿 | +11.7% | 63.3% | $46.7亿 | -10.7% | |
| Occupancy | $2.9亿 | -0.3% | 15.6% | $11.6亿 | -21.9% | |
| Food and Beverage | $2.64亿 | +1.3% | 14.2% | $10.5亿 | -20.0% | |
| Entertainment Retail And Other | $1.27亿 | -5.1% | 6.8% | $5.36亿 | -20.9% |
按地区划分的营收
占总额比例| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Las Vegas Operations | $6.43亿 | +0.7% | 42.7% | $32.4亿 | – | |
| Macau Operations | $6.53亿 | +21.1% | 43.4% | $22.1亿 | -30.9% | |
| Encore Boston Harbor | $2.09亿 | -3.0% | 13.9% | $8.37亿 | -1.7% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $14.6亿
- 资本支出
- -$6.67亿
- 股票回购
- -$1.68亿
- 股息
- -$1.81亿
- 收购
- -$1.05亿
- 债务净发行
- $1.85亿
- 股权激励费用
- $8630万
- 自由现金流
- $7.92亿
- 股东回报 / FCF
- 44.1%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 17.1× | 23.7× 5年中的3年 | 14.0× – 38.1× |
| EV / EBITDA | 9.5× | 25.4× | 9.7× – 61.9× |
| EV / 营收 | 2.5× | 3.9× | 2.7× – 5.2× |
| 股价 / FCF | 9.7× | 13.8× 5年中的3年 | 9.4× – 18.0× |
| 股价 / 净资产 | -45.3× | – | – |
| FCF收益率 | 10.3% | 2.6% | -5.9% – 10.6% |
| 投入资本回报率 | 8.6% | 4.0% | -3.5% – 9.8% |
| 净资产收益率 | -174.9% | -44.8% | -290.4% – 352.5% |
分析师
一致目标价 $125.40 (+68.0%)
区间 $102.00 – $143.00 · 评级 Buy
强烈买入0
买入30
持有15
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $74亿 | +3.7% | $4.20 | +33.7% | 17.8× | 11 |
| FY2027 | $76.2亿 | +2.9% | $4.39 | +4.7% | 17.0× | 9 |
| FY2028 | $79.4亿 | +4.2% | $5.36 | +21.9% | 13.9× | 7 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Wynn Resorts, Limited在近期10-Q / 10-K文件中标记的全部259项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $2.41亿 | $2.02亿 | +19.3% | $2.55亿 | $2.05亿 | +24.5% |
| Accounts Receivable, Allowance for Credit Loss | $5490万 | $4290万 | +27.9% | $4560万 | $3770万 | +21.1% |
| Accounts Receivable, Allowance for Credit Loss, Current | $5490万 | $4290万 | +27.9% | $4560万 | $3770万 | +21.1% |
| Accounts Receivable, Allowance for Credit Loss, Recovery | $25.6万 | $75.3万 | -66.0% | $668万 | $580万 | +15.2% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $243万 | $166万 | +45.9% | $1150万 | $1330万 | -13.1% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $3.92亿 | $3.69亿 | +6.0% | $4.48亿 | $3.62亿 | +23.9% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $693万 | $335万 | +106.7% | $1280万 | $499万 | +157.2% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $77.4亿 | $72.8亿 | +6.3% | $75.1亿 | $70.6亿 | +6.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $674万 | $1060万 | -36.3% | -$314万 | -$570万 | +45.0% |
| Additional Paid in Capital | $38.5亿 | $37.6亿 | +2.6% | $38亿 | $37亿 | +2.8% |
| Advertising Expense | – | – | – | $4880万 | $5090万 | -4.1% |
| Amortization of Debt Issuance Costs | $1080万 | $881万 | +22.7% | $4000万 | $3940万 | +1.3% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 30.1万 | 36.5万 | -17.5% | 36.1万 | 31万 | +16.5% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1810万 | $2990万 | -39.5% | $9750万 | $5840万 | +66.9% |
| Assets | $132亿 | $127亿 | +3.7% | $131亿 | $130亿 | +1.0% |
| Assets, Current | $26.5亿 | $25亿 | +6.0% | $26.8亿 | $29.2亿 | -8.2% |
| Buildings and Improvements, Gross | $88.2亿 | $86.3亿 | +2.2% | $87.1亿 | $85.5亿 | +1.9% |
| Capital Expenditures Incurred but Not yet Paid | $02025-12-31 | $0 | – | $2140万 | $0 | – |
| Cash | $14.2亿 | $14.7亿 | -3.2% | $13亿 | $16.4亿 | -20.8% |
| Cash and Cash Equivalents, at Carrying Value | $15.7亿 | $19.8亿 | -20.7% | $14.6亿 | $24.3亿 | -39.7% |
| Cash Equivalents, at Carrying Value | $1.53亿 | $5.17亿 | -70.5% | $1.66亿 | $7.87亿 | -78.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $16.7亿 | $20.8亿 | -19.8% | $15.6亿 | $25.2亿 | -38.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $3.84亿 | -$8540万 | +549.4% | -$9.62亿 | -$4.48亿 | -114.8% |
| Common Stock, Dividends, Per Share, Cash Paid | $0.25 | $0.25 | 0.0% | $3.752019-12-31 | $2.75 | +36.4% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 4亿 | 4亿 | 0.0% | 4亿 | 4亿 | 0.0% |
| Common Stock, Shares, Issued | 1.35亿 | 1.34亿 | +0.8% | 1.34亿 | 1.34亿 | +0.6% |
| Common Stock, Shares, Outstanding | 1.03亿 | 1.04亿 | -0.5% | 1.04亿 | 1.08亿 | -3.6% |
| Common Stock, Value, Issued | $135万 | $134万 | +0.7% | $134万 | $134万 | +0.5% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $4280万 | $1520万 | +181.6% | $8300万 | $1.35亿 | -38.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.41亿 | $7990万 | +76.3% | $3.3亿 | $4.92亿 | -32.9% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.84亿 | $9510万 | +93.2% | $4.13亿 | $6.27亿 | -34.2% |
| Construction in Progress, Gross | $3.65亿 | $2.93亿 | +24.4% | $3.5亿 | $2.87亿 | +21.9% |
| Contract with Customer, Liability, Current | $5.13亿 | $5.09亿 | +0.8% | $5.7亿 | $5.09亿 | +12.0% |
| Costs and Expenses | $15.6亿 | $14.7亿 | +5.8% | $60.2亿 | $60亿 | +0.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | -$42.7万 | $89.4万 | -147.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | -$10.6万 | $14.1万 | -175.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $779万 | $1050万 | -26.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $832万 | $950万 | -12.4% |
| Debt Instrument, Fair Value Disclosure | $108亿 | $106亿 | +2.1% | $34亿2012-12-31 | $24亿 | +41.7% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $1.03亿 | $1.23亿 | -16.3% | $1.18亿 | $1.36亿 | -13.3% |
| Debt Instrument, Unamortized Discount (Premium), Net | $1.18亿2025-12-31 | $1.36亿 | -13.3% | $1.18亿 | $1.36亿 | -13.3% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $9940万 | -$459万 | +2,267.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Income Tax Assets, Net | $3.88亿 | $4.89亿 | -20.5% | $4.09亿 | $5.08亿 | -19.4% |
| Deferred Income Tax Expense (Benefit) | $1250万 | $851万 | +46.3% | $9730万 | -$684万 | +1,522.7% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$217万 | -$226万 | +4.3% |
| Deferred Tax Assets, Net | $4.09亿2025-12-31 | $5.08亿 | -19.4% | $4.09亿 | $5.08亿 | -19.4% |
| Deferred Tax Assets, Tax Credit Carryforwards, Foreign | $4.5亿2025-12-31 | $5.34亿 | -15.7% | $4.5亿 | $5.34亿 | -15.7% |
| Deferred Tax Assets, Valuation Allowance | $6.18亿2025-12-31 | $6.05亿 | +2.2% | $6.18亿 | $6.05亿 | +2.2% |
| Depreciation | $1.52亿 | $1.4亿 | +8.6% | $5.69亿 | $6.01亿 | -5.5% |
| Depreciation, Depletion and Amortization, Nonproduction | $1.65亿 | $1.53亿 | +8.2% | $6.21亿 | $6.59亿 | -5.8% |
| Derivative Liability | $196万 | $4300万 | -95.4% | $3260万 | $3300万 | -1.3% |
| Dividends, Cash | – | – | – | $1.76亿 | $1.4亿 | +25.8% |
| Dividends, Common Stock, Cash | $6890万 | $6160万 | +11.8% | – | – | – |
| Earnings Per Share, Basic | $1.37 | $0.64 | +114.1% | $3.16 | $4.56 | -30.7% |
| Earnings Per Share, Diluted | $1.32 | $0.64 | +106.3% | $3.14 | $4.35 | -27.8% |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $41.4万 | -$695万 | +106.0% | -$389万 | $353万 | -210.2% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $1.08亿 | – | – |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 0.0% | 0.0% | – | 21.0% | 21.0% | 0.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02