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Caesars Entertainment vs Wynn Resorts: revenue, profit, margins and growth compared

Caesars Entertainment brought in $11.5B of revenue in fiscal 2025, Wynn Resorts $7.1B in fiscal 2025. Revenue changed by +2.1% at Caesars Entertainment and +0.1% at Wynn Resorts on the year before, so Caesars Entertainment grew faster. Caesars Entertainment kept -4.4% of its revenue as net profit, Wynn Resorts 4.6%. Free cash flow was $497M at Caesars Entertainment and $692.2M at Wynn Resorts.

Side by side, latest fiscal year

CZRWYNN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$11.5B$7.1B
Revenue growth+2.1%+0.1%
Net income-$502M$327.3M
Net margin-4.4%4.6%
Free cash flow$497M$692.2M
Free cash flow margin4.3%9.7%
Earnings per share (diluted)-$2.42$3.14
Cash$887M$1.5B
Debt$11.9B$10.5B
Price to earningsn/a25.8
Market value$6B$8.4B
Dividend yieldn/an/a
Rank by revenue in sector#111 of 778 · Consumer discretionary#153 of 778 · Consumer discretionary

Over the years

Revenue
CZR FY2018: $2.1BCZR FY2019: $2.5BCZR FY2020: $3.6BCZR FY2021: $9.6BCZR FY2022: $10.8BCZR FY2023: $11.5BCZR FY2024: $11.2BCZR FY2025: $11.5BWYNN FY2018: $6.7BWYNN FY2019: $6.6BWYNN FY2020: $2.1BWYNN FY2021: $3.8BWYNN FY2022: $3.8BWYNN FY2023: $6.5BWYNN FY2024: $7.1BWYNN FY2025: $7.1BFY18FY19FY20FY21FY22FY23FY24FY25
CZR $11.5BWYNN $7.1B
Net income
CZR FY2018: $95MCZR FY2019: $81MCZR FY2020: -$1.8BCZR FY2021: -$1BCZR FY2022: -$899MCZR FY2023: $786MCZR FY2024: -$278MCZR FY2025: -$502MWYNN FY2018: $572.4MWYNN FY2019: $123MWYNN FY2020: -$2.1BWYNN FY2021: -$755.8MWYNN FY2022: -$423.9MWYNN FY2023: $730MWYNN FY2024: $501.1MWYNN FY2025: $327.3MFY18FY19FY20FY21FY22FY23FY24FY25
CZR -$502MWYNN $327.3M
Net margin
CZR FY2018: 4.6%CZR FY2019: 3.2%CZR FY2020: -48.4%CZR FY2021: -10.6%CZR FY2022: -8.3%CZR FY2023: 6.8%CZR FY2024: -2.5%CZR FY2025: -4.4%WYNN FY2018: 8.5%WYNN FY2019: 1.9%WYNN FY2020: -98.6%WYNN FY2021: -20.1%WYNN FY2022: -11.3%WYNN FY2023: 11.2%WYNN FY2024: 7.0%WYNN FY2025: 4.6%FY18FY19FY20FY21FY22FY23FY24FY25
CZR -4.4%WYNN 4.6%
Revenue growth
CZR FY2019: +23.0%CZR FY2020: +43.5%CZR FY2021: +163.8%CZR FY2022: +13.1%CZR FY2023: +6.5%CZR FY2024: -2.5%CZR FY2025: +2.1%WYNN FY2019: -1.6%WYNN FY2020: -68.3%WYNN FY2021: +79.6%WYNN FY2022: -0.2%WYNN FY2023: +73.9%WYNN FY2024: +9.1%WYNN FY2025: +0.1%FY19FY20FY21FY22FY23FY24FY25
CZR +2.1%WYNN +0.1%
Free cash flow
CZR FY2018: $176.3MCZR FY2019: $141.5MCZR FY2020: -$725MCZR FY2021: $679MCZR FY2022: $41MCZR FY2023: $545MCZR FY2024: -$221MCZR FY2025: $497MWYNN FY2018: -$514.5MWYNN FY2019: -$162.2MWYNN FY2020: -$1.4BWYNN FY2021: -$513.2MWYNN FY2022: -$371.4MWYNN FY2023: $805.1MWYNN FY2024: $1BWYNN FY2025: $692.2MFY18FY19FY20FY21FY22FY23FY24FY25
CZR $497MWYNN $692.2M

Fiscal years as each company reports them; the two may end in different months.

Questions about Caesars Entertainment and Wynn Resorts

Which is bigger by revenue, Caesars Entertainment or Wynn Resorts?

Caesars Entertainment is bigger by revenue: $11.5B in fiscal 2025, against $7.1B for Wynn Resorts in fiscal 2025.

Which keeps more of its revenue as profit, Caesars Entertainment or Wynn Resorts?

Caesars Entertainment had a net margin of -4.4% in fiscal 2025; Wynn Resorts had 4.6% in fiscal 2025.

Which grew revenue faster, Caesars Entertainment or Wynn Resorts?

In their latest fiscal years revenue changed by +2.1% at Caesars Entertainment and +0.1% at Wynn Resorts.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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