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

PENN Entertainment brought in $7B of revenue in fiscal 2025, Wynn Resorts $7.1B in fiscal 2025. Revenue changed by +5.8% at PENN Entertainment and +0.1% at Wynn Resorts on the year before, so PENN Entertainment grew faster. PENN Entertainment kept -12.1% of its revenue as net profit, Wynn Resorts 4.6%. Free cash flow was -$139.5M at PENN Entertainment and $692.2M at Wynn Resorts.

Side by side, latest fiscal year

PENNWYNN
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7B$7.1B
Revenue growth+5.8%+0.1%
Net income-$843.1M$327.3M
Net margin-12.1%4.6%
Free cash flow-$139.5M$692.2M
Free cash flow margin-2.0%9.7%
Earnings per share (diluted)-$5.83$3.14
Cash$686.6M$1.5B
Debt$2.9B$10.5B
Price to earningsn/a25.8
Market value$2.1B$8.4B
Dividend yieldn/an/a
Rank by revenue in sector#156 of 778 · Consumer discretionary#153 of 778 · Consumer discretionary

Over the years

Revenue
PENN FY2018: $3.6BPENN FY2019: $5.3BPENN FY2020: $3.6BPENN FY2021: $5.9BPENN FY2022: $6.4BPENN FY2023: $6.4BPENN FY2024: $6.6BPENN FY2025: $7BWYNN FY2018: $6.7BWYNN FY2019: $6.6BWYNN FY2020: $2.1BWYNN FY2021: $3.8BWYNN FY2022: $3.8BWYNN FY2023: $6.5BWYNN FY2024: $7.1BWYNN FY2025: $7.1BFY18FY19FY20FY21FY22FY23FY24FY25
PENN $7BWYNN $7.1B
Net income
PENN FY2018: $93.5MPENN FY2019: $43.9MPENN FY2020: -$669.5MPENN FY2021: $420.8MPENN FY2022: $222.1MPENN FY2023: -$490MPENN FY2024: -$311.5MPENN FY2025: -$843.1MWYNN FY2018: $572.4MWYNN FY2019: $123MWYNN FY2020: -$2.1BWYNN FY2021: -$755.8MWYNN FY2022: -$423.9MWYNN FY2023: $730MWYNN FY2024: $501.1MWYNN FY2025: $327.3MFY18FY19FY20FY21FY22FY23FY24FY25
PENN -$843.1MWYNN $327.3M
Net margin
PENN FY2018: 2.6%PENN FY2019: 0.8%PENN FY2020: -18.7%PENN FY2021: 7.1%PENN FY2022: 3.5%PENN FY2023: -7.7%PENN FY2024: -4.7%PENN FY2025: -12.1%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
PENN -12.1%WYNN 4.6%
Revenue growth
PENN FY2019: +47.8%PENN FY2020: -32.5%PENN FY2021: +65.0%PENN FY2022: +8.4%PENN FY2023: -0.6%PENN FY2024: +3.4%PENN FY2025: +5.8%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
PENN +5.8%WYNN +0.1%
Free cash flow
PENN FY2018: $260.2MPENN FY2019: $513.3MPENN FY2020: $201.8MPENN FY2021: $652MPENN FY2022: $614.8MPENN FY2023: $95.9MPENN FY2024: -$123.4MPENN FY2025: -$139.5MWYNN FY2018: -$514.5MWYNN FY2019: -$162.2MWYNN FY2020: -$1.4BWYNN FY2021: -$513.2MWYNN FY2022: -$371.4MWYNN FY2023: $805.1MWYNN FY2024: $1BWYNN FY2025: $692.2MFY18FY19FY20FY21FY22FY23FY24FY25
PENN -$139.5MWYNN $692.2M

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

Questions about PENN Entertainment and Wynn Resorts

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

Wynn Resorts is bigger by revenue: $7.1B in fiscal 2025, against $7B for PENN Entertainment in fiscal 2025.

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

PENN Entertainment had a net margin of -12.1% in fiscal 2025; Wynn Resorts had 4.6% in fiscal 2025.

Which grew revenue faster, PENN Entertainment or Wynn Resorts?

In their latest fiscal years revenue changed by +5.8% at PENN 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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