Wynn Resorts, Limited — Earnings Quality Grade F
WYNN · Consumer Cyclical
Major red flags
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 21 days, change +4 days YoY
AR growth 24.3% exceeds revenue growth 0.1%
Revenue 0.1%, CFFO -5.2%. Cash follows revenue
Expense Quality
Inventory 16.8% vs COGS 3.8%. Normal
CapEx growth 56.4% is >2x revenue growth 0.1%
SG&A/Gross Profit = 37.8%. Normal
Gross margin 41.4%, change -2.1pp. Stable
Cash Flow Quality
CFFO/NI = 4.13. Profits backed by cash
FCF $0.7B, FCF/NI = 2.11
Accruals ratio = -7.8%. Low accruals
Cash $2.1B covers only 17% of debt $12.2B
Balance Sheet Health
Goodwill+Intangibles $0.2B = -81% of equity. Manageable
Debt/EBITDA = 6.9x (>4x). Interest coverage = 1.9x (<2x). Financial stress
Other assets 13.6% vs revenue 0.1%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -18% YoY. Normal
Manipulation Score
M-Score = -2.53 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-10