MGM Resorts International(MGM)Earnings, Financials & Key Ratios

MGM•NYSE

$37.91

$9.7B mkt cap·49.9× P/E·Price updated May 6, 2026

SectorConsumer Cyclical IndustryCasinos & Gaming Sub-IndustryIntegrated Destination Casino Resorts

AboutMGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.Show more

Revenue$17.54B+1.7%
EBITDA$2.02B-13.0%
Net Income$206M-72.4%
EPS (Diluted)0.76-68.3%
Gross Margin44.42%-2.4%
EBITDA Margin11.52%-14.5%
Operating Margin5.71%-33.9%
Net Margin1.18%-72.8%
ROE5.9%-68.1%
ROIC1.66%-50.8%
Debt/Equity17.14+100.2%
Interest Coverage1.67-52.6%

Analysis→Technical→

MGM Key Insights

MGM Resorts International (MGM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 29.0%
✓Good 3Y average ROE of 15.9%
✓Share count reduced 14.6% through buybacks

✗Weaknesses

✗High debt to equity ratio of 17.1x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MGM Price & Volume

MGM Resorts International (MGM) stock price & volume — 10-year historical chart

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MGM Growth Metrics

MGM Resorts International (MGM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.68%

5 Years28.96%

3 Years10.14%

TTM3.39%

Profit CAGR

10 Years-

5 Years-

3 Years-48.07%

TTM-73.02%

EPS CAGR

10 Years-

5 Years-

3 Years14.98%

TTM-67.86%

Return on Capital

10 Years5.34%

5 Years4.22%

3 Years3.71%

Last Year2.61%

MGM Recent Earnings

MGM Resorts International (MGM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)

Q2 2026Latest

Apr 29, 2026

EPS

$0.49

Est $0.56

-12.5%

Revenue

$4.5B

Est $4.4B

+2.0%

Q1 2026

Feb 5, 2026

EPS

$1.60

Est $0.64

+150.0%

Revenue

$4.6B

Est $4.5B

+2.5%

Q4 2025

Oct 29, 2025

EPS

$0.24

Est $0.37

-35.1%

Revenue

$4.3B

Est $4.4B

-3.8%

Q3 2025

Jul 30, 2025

EPS

$0.79

Est $0.58

+36.2%

Revenue

$4.4B

Est $4.2B

+3.7%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 29, 2026	$0.49vs $0.56-12.5%	$4.5Bvs $4.4B+2.0%
Q1 2026	Feb 5, 2026	$1.60vs $0.64+150.0%	$4.6Bvs $4.5B+2.5%
Q4 2025	Oct 29, 2025	$0.24vs $0.37-35.1%	$4.3Bvs $4.4B-3.8%
Q3 2025	Jul 30, 2025	$0.79vs $0.58+36.2%	$4.4Bvs $4.2B+3.7%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
LVSLas Vegas Sands Corp.Direct Competitor	34.68B	52.26	22.24	15.22%	13.41%	95.8%	4.77%	8.34
WYNNWynn Resorts, LimitedDirect Competitor	11.08B	106.24	33.83	0.14%	4.59%		6.25%
CZRCaesars Entertainment, Inc.Direct Competitor	5.72B	28.10	-11.61	2.14%	-4.19%	-12.62%	9.09%	7.15
MLCOMelco Resorts & Entertainment LimitedDirect Competitor	2.18B	5.36	11.91	11.32%	3.58%		21.84%
BYDBoyd Gaming CorporationDirect Competitor	6.33B	84.07	3.73	4.12%	45.02%	91.81%	6.14%	1.25
PENNPENN Entertainment, Inc.Product Competitor	2.28B	17.10	-2.93	5.82%	-12.11%	-34.66%		4.58
RRRRed Rock Resorts, Inc.Product Competitor	3.13B	52.92	16.96	3.74%	9.35%	56.57%	9.23%	0.18
CHDNChurchill Downs IncorporatedProduct Competitor	6.46B	92.66	17.42	7.01%	13.16%	35.7%	7.66%	4.92

Compare MGM vs Peers

MGM Resorts International (MGM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LVS

Most directly comparable listed peer for MGM.

Scale Benchmark

vs DIS

Larger-name benchmark to compare MGM against a more recognizable public peer.

Peer Set

Compare Top 5

vs LVS, WYNN, CZR, MLCO

MGM Income Statement

MGM Resorts International (MGM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Sales/Revenue	10.8B	11.76B	12.9B	4.92B	9.68B	13.13B	16.16B	17.24B	17.54B	17.72B
Revenue Growth %	14.2%	8.94%	9.66%	-61.88%	96.87%	35.61%	23.13%	6.66%	1.72%	3.39%
Cost of Goods Sold	6.19B	6.92B	7.6B	3.21B	5.03B	6.65B	8.55B	9.39B	9.75B	9.89B
COGS % of Revenue	57.36%	58.82%	58.94%	65.24%	51.97%	50.68%	52.92%	54.49%	55.58%	-
Gross Profit	4.6B▲ 0%	4.84B▲ 5.2%	5.3B▲ 9.3%	1.71B▼ 67.7%	4.65B▲ 172.0%	6.47B▲ 39.3%	7.61B▲ 17.5%	7.85B▲ 3.1%	7.79B▼ 0.7%	7.82B▲ 0%
Gross Margin %	42.64%	41.18%	41.06%	34.76%	48.03%	49.32%	47.08%	45.51%	44.42%	44.16%
Gross Profit Growth %	16.29%	5.21%	9.33%	-67.72%	172%	39.25%	17.55%	3.11%	-0.72%	-
Operating Expenses	3.03B	3.51B	1.36B	2.35B	2.37B	5.04B	5.72B	6.36B	6.79B	6.91B
OpEx % of Revenue	28.05%	29.87%	10.51%	47.83%	24.49%	38.36%	35.38%	36.87%	38.71%	-
Selling, General & Admin	1.56B	1.76B	2.1B	2.12B	2.51B	4.23B	4.7B	4.83B	4.88B	5.13B
SG&A % of Revenue	14.44%	15%	16.29%	43.16%	25.9%	32.2%	29.08%	27.99%	27.81%	-
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	1.33B	1.61B	-745.25M	229.47M	-136.41M	808.51M	1.02B	1.53B	1.91B	4M
Operating Income	1.71B▲ 0%	1.47B▼ 14.2%	3.94B▲ 168.1%	-642.43M▼ 116.3%	2.28B▲ 454.7%	1.44B▼ 36.8%	1.89B▲ 31.4%	1.49B▼ 21.2%	1B▼ 32.8%	917.97M▲ 0%
Operating Margin %	15.86%	12.49%	30.55%	-13.07%	23.54%	10.96%	11.7%	8.65%	5.71%	5.18%
Operating Income Growth %	-17.66%	-14.19%	168.14%	-116.3%	454.7%	-36.83%	31.41%	-21.2%	-32.79%	-
EBITDA	2.71B	2.65B	5.24B	568.12M	3.43B	4.92B	2.71B	2.32B	2.02B	1.96B
EBITDA Margin %	25.06%	22.51%	40.66%	11.55%	35.43%	37.49%	16.74%	13.47%	11.52%	11.08%
EBITDA Growth %	-7.62%	-2.16%	98.1%	-89.17%	503.62%	43.51%	-45.02%	-14.2%	-13.01%	-14.21%
D&A (Non-Cash Add-back)	993.48M	1.18B	1.3B	1.21B	1.15B	3.48B	814.13M	831.1M	1.02B	1.05B
EBIT	1.58B	1.33B	3.69B	-1.99B	2.26B	1.5B	1.58B	1.56B	699.82M	627.01M
Net Interest Income	-668.75M	-769.51M	-847.93M	-676.38M	-799.59M	-594.95M	-460.29M	-443.23M	-419.04M	-412.46M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	668.75M	769.51M	847.93M	676.38M	799.59M	594.95M	460.29M	443.23M	419.04M	412.46M
Other Income/Expense	-751.74M	-835.48M	-1.09B	-869.04M	-816.89M	-535.57M	-418.73M	-373.39M	-613.82M	-594.54M
Pretax Income	960.79M▲ 0%	634.01M▼ 34.0%	2.85B▲ 349.0%	-1.51B▼ 153.1%	1.46B▲ 196.7%	903.8M▼ 38.2%	1.47B▲ 63.0%	1.12B▼ 24.2%	387.95M▼ 65.3%	323.42M▲ 0%
Pretax Margin %	8.9%	5.39%	22.07%	-30.74%	15.1%	6.88%	9.11%	6.48%	2.21%	1.83%
Income Tax	-1.13B	50.11M	632.35M	-191.57M	253.41M	697.07M	157.84M	52.46M	-44.14M	-56.74M
Effective Tax Rate %	-117.34%	7.9%	22.21%	12.67%	17.34%	77.13%	10.72%	4.7%	-11.38%	-17.54%
Net Income	1.95B▲ 0%	466.77M▼ 76.1%	2.05B▲ 339.0%	-1.03B▼ 150.4%	1.25B▲ 221.5%	1.47B▲ 17.4%	1.14B▼ 22.5%	746.56M▼ 34.6%	206.25M▼ 72.4%	182.83M▲ 0%
Net Margin %	18.08%	3.97%	15.89%	-21%	12.96%	11.22%	7.07%	4.33%	1.18%	1.03%
Net Income Growth %	77.23%	-76.09%	339%	-150.4%	221.46%	17.44%	-22.46%	-34.64%	-72.37%	-73.02%
Net Income (Continuing)	2.09B	583.89M	2.21B	-1.32B	1.21B	206.73M	1.31B	1.06B	432.1M	380.16M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	4.11B	4.06B	5.04B	4.74B	5.05B	536.94M	556.33M	696.48M	846.4M	898.58M
EPS (Diluted)	3.34▲ 0%	0.85▼ 74.6%	3.88▲ 356.5%	-2.67▼ 168.8%	2.41▲ 190.3%	0.50▼ 79.3%	3.19▲ 538.0%	2.40▼ 24.8%	0.76▼ 68.3%	0.71▲ 0%
EPS Growth %	73.96%	-74.55%	356.47%	-168.81%	190.26%	-79.25%	538%	-24.76%	-68.33%	-67.86%
EPS (Basic)	3.38	0.86	3.90	-2.67	2.44	0.51	3.22	2.42	0.77	-
Diluted Shares Outstanding	578.79M	549.54M	527.64M	494.15M	487.36M	412.99M	358.63M	310.23M	264.86M	258.88M
Basic Shares Outstanding	572.25M	544.25M	524.17M	494.15M	481.93M	409.2M	354.93M	307.41M	264.86M	256.35M
Dividend Payout Ratio	12.91%	55.83%	13.24%	-	0.38%	0.27%	-	-	-	-

MGM Balance Sheet

MGM Resorts International (MGM) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Total Current Assets	2.38B	2.53B	4.01B	5.95B	6.42B	8.15B	4.91B	4.36B	4.33B	4.53B
Cash & Short-Term Investments	1.5B	1.53B	2.33B	5.1B	4.7B	5.91B	2.93B	2.42B	2.06B	2.29B
Cash Only	1.5B	1.53B	2.33B	5.1B	4.7B	5.91B	2.93B	2.42B	2.06B	2.29B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	584.82M	685.64M	1.37B	559.92M	857.78M	925.16M	1.07B	1.33B	1.34B	1.13B
Days Sales Outstanding	19.77	21.27	38.9	41.56	32.34	25.72	24.17	28.13	27.95	24.92
Inventory	102.29M	110.83M	102.89M	88.32M	96.37M	126.06M	141.68M	140.56M	124.53M	123.16M
Days Inventory Outstanding	6.03	5.85	4.94	10.05	6.99	6.92	6.05	5.46	4.66	4.63
Other Current Assets	0	0	0	0	500M	1.19B	770.5M	478.58M	801.8M	985.63M
Total Non-Current Assets	26.78B	27.68B	29.87B	30.54B	34.48B	37.54B	37.46B	37.87B	37.04B	36.87B
Property, Plant & Equipment	19.64B	20.73B	22.68B	22.92B	25.93B	29.75B	29.48B	29.73B	29.31B	29.08B
Fixed Asset Turnover	0.55x	0.57x	0.57x	0.21x	0.37x	0.44x	0.55x	0.58x	0.60x	0.60x
Goodwill	1.81B	1.82B	2.08B	2.09B	3.48B	5.03B	5.17B	5.15B	4.9B	4.89B
Intangible Assets	3.88B	3.94B	3.83B	3.64B	3.62B	1.55B	1.72B	1.72B	1.36B	1.31B
Long-Term Investments	1.03B	732.87M	822.37M	1.45B	967.04M	173.04M	240.8M	380.63M	536.07M	3.24B
Other Non-Current Assets	430.44M	455.32M	456.79M	443.42M	490.21M	1.03B	849.87M	858.98M	848.55M	2.48B
Total Assets	29.16B▲ 0%	30.21B▲ 3.6%	33.88B▲ 12.1%	36.49B▲ 7.7%	40.9B▲ 12.1%	45.69B▲ 11.7%	42.37B▼ 7.3%	42.23B▼ 0.3%	41.37B▼ 2.0%	41.4B▲ 0%
Asset Turnover	0.37x	0.39x	0.38x	0.13x	0.24x	0.29x	0.38x	0.41x	0.42x	0.43x
Asset Growth %	3.5%	3.6%	12.13%	7.73%	12.07%	11.72%	-7.27%	-0.32%	-2.03%	-6.62%
Total Current Liabilities	3.14B	2.95B	3.19B	1.86B	3.44B	4.52B	3.13B	3.35B	3.51B	3.39B
Accounts Payable	255.03M	302.58M	235.44M	142.52M	286.2M	369.82M	461.72M	412.66M	421.5M	404.49M
Days Payables Outstanding	15.03	15.96	11.3	16.22	20.77	20.29	19.7	16.03	15.78	15.04
Short-Term Debt	158.04M	43.41M	122.25M	138.83M	1B	1.29B	60.17M	172.21M	0	0
Deferred Revenue (Current)	453.65M	563.94M	367.15M	256.19M	489.43M	612.22M	566.22M	596.43M	0	0
Other Current Liabilities	0	0	612.75M	-106.68M	0	539.83M	-60.17M	-172.21M	3.09B	121.55M
Current Ratio	0.76x	0.86x	1.26x	3.21x	1.86x	1.81x	1.57x	1.30x	1.23x	1.23x
Quick Ratio	0.72x	0.82x	1.22x	3.16x	1.84x	1.78x	1.53x	1.26x	1.20x	1.20x
Cash Conversion Cycle	10.77	11.16	32.54	35.4	18.57	12.35	10.52	17.56	16.83	14.51
Total Non-Current Liabilities	14.33B	16.69B	17.92B	23.39B	26.33B	35.81B	34.87B	35.16B	34.59B	34.68B
Long-Term Debt	12.75B	15.09B	11.17B	12.38B	11.77B	7.43B	6.34B	6.36B	31.19B	6.4B
Capital Lease Obligations	0	0	4.28B	8.39B	11.8B	25.15B	25.13B	25.08B	24.96B	100.3B
Deferred Tax Liabilities	1.3B	1.34B	2.11B	2.15B	2.44B	2.97B	2.86B	2.81B	2.62B	10.87B
Other Non-Current Liabilities	284.42M	259.24M	363.59M	472.08M	319.91M	256.28M	542.71M	910.09M	-24.19B	-22.31B
Total Liabilities	17.47B	19.64B	21.11B	25.25B	29.77B	40.32B	38B	38.51B	38.1B	38.07B
Total Debt	12.91B	15.13B	15.66B	21.02B	24.69B	33.99B	31.62B	31.85B	56.16B	31.34B
Net Debt	11.41B	13.6B	13.33B	15.92B	19.99B	28.08B	28.69B	29.44B	54.09B	29.04B
Debt / Equity	1.10x	1.43x	1.23x	1.87x	2.22x	6.33x	7.24x	8.56x	17.14x	17.14x
Debt / EBITDA	4.77x	5.72x	2.99x	36.99x	7.20x	6.91x	11.69x	13.72x	27.81x	15.96x
Net Debt / EBITDA	4.22x	5.14x	2.54x	28.02x	5.83x	5.71x	10.60x	12.68x	26.78x	26.78x
Interest Coverage	2.36x	1.73x	4.36x	-2.94x	2.83x	2.52x	3.44x	3.52x	1.67x	1.52x
Total Equity	11.69B▲ 0%	10.57B▼ 9.6%	12.77B▲ 20.8%	11.25B▼ 11.9%	11.12B▼ 1.1%	5.37B▼ 51.7%	4.37B▼ 18.6%	3.72B▼ 14.8%	3.28B▼ 11.9%	3.33B▲ 0%
Equity Growth %	16.64%	-9.57%	20.77%	-11.92%	-1.09%	-51.74%	-18.65%	-14.83%	-11.93%	-33.07%
Book Value per Share	20.20	19.24	24.20	22.76	22.83	13.00	12.18	11.99	12.37	12.87
Total Shareholders' Equity	7.58B	6.51B	7.73B	6.5B	6.07B	4.83B	3.81B	3.02B	2.43B	2.43B
Common Stock	5.66M	5.28M	5.03M	4.94M	4.54M	3.79M	3.27M	2.94M	2.58M	2.56M
Retained Earnings	2.22B	2.42B	4.2B	3.09B	4.34B	4.79B	3.66B	3.08B	2.11B	2.17B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-3.61M	-8.56M	-10.2M	-30.68M	-24.62M	33.5M	143.9M	-61.22M	320.5M	257.33M
Minority Interest	4.11B	4.06B	5.04B	4.74B	5.05B	536.94M	556.33M	696.48M	846.4M	898.58M

MGM Cash Flow Statement

MGM Resorts International (MGM) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	2.21B	1.72B	1.81B	-1.49B	1.37B	1.77B	2.7B	2.36B	2.74B	2.74B
Operating CF Margin %	20.43%	14.64%	14.03%	-30.36%	14.19%	13.46%	16.7%	13.7%	15.6%	-
Operating CF Growth %	43.84%	-21.93%	5.1%	-182.47%	191.99%	28.64%	52.77%	-12.47%	15.84%	66.02%
Net Income	2.09B	583.89M	2.21B	-1.32B	1.21B	1.44B	1.14B	1.06B	211.09M	182.83M
Depreciation & Amortization	993.48M	1.18B	1.3B	1.21B	1.15B	3.92B	814.13M	831.1M	1.02B	1.05B
Stock-Based Compensation	62.49M	70.18M	88.84M	106.96M	65.18M	0	0	80.22M	0	96.95M
Deferred Taxes	-1.26B	46.72M	595.05M	18.35M	241.95M	496.19M	-117.28M	-85.12M	-245.56M	-247.72M
Other Non-Cash Items	29.97M	-25.85M	-2.15B	-884.53M	-1.44B	-4.2B	665.8M	709.09M	1.87B	1.37B
Working Capital Changes	291.69M	-130.44M	-245.66M	-624.46M	142.5M	113.16M	192.16M	-237.41M	-112.52M	-1.53M
Change in Receivables	-17.97M	-149.55M	-726.61M	960.1M	-236.18M	-211.69M	-132.29M	-157.66M	-90.11M	-204.97M
Change in Inventory	-4.66M	-7.86M	6.52M	14.71M	3.11M	-26.63M	-15.52M	1.27M	15.68M	11.31M
Change in Payables	422.26M	21.51M	473.17M	-1.38B	406.02M	183.84M	410.13M	-107.39M	-82.37M	56.58M
Cash from Investing	-1.58B	-2.08B	3.52B	2.16B	1.54B	2.11B	-722.52M	-1.28B	-1.35B	-1.42B
Capital Expenditures	-1.86B	-1.49B	-739.01M	-270.58M	-490.7M	-765.07M	-931.81M	-1.15B	-1.07B	-995.55M
CapEx % of Revenue	17.26%	12.64%	5.73%	5.5%	5.07%	5.83%	5.76%	6.67%	6.09%	-
Acquisitions	-16.73M	-927.21M	34.77M	-96.92M	-2.02B	-722.79M	343.76M	-113.88M	7.11M	-152.27M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	300.22M	-17.21M	4.22B	2.53B	4.05B	3.85B	26.57M	-18.69M	-48.49M	-362.05M
Cash from Financing	-568.78M	389.23M	-4.53B	2.1B	-2.81B	-3.02B	-5B	-1.56B	-1.73B	-1.26B
Debt Issued (Net)	-137.67M	2.24B	-4.21B	2.41B	-1.35B	77.94M	-2.38B	29.42M	-180.45M	-52.44M
Equity Issued (Net)	60.05M	-1.28B	-1.03B	170.98M	-960.66M	-2.78B	-2.29B	-1.36B	-1.23B	-827.89M
Dividends Paid	-252.01M	-260.59M	-271.29M	-77.61M	-4.79M	-4.05M	0	0	0	0
Share Repurchases	-327.5M	-1.28B	-1.03B	-353.72M	-1.75B	-2.78B	-2.29B	-1.36B	-1.23B	-827.89M
Other Financing	-239.14M	-306.83M	984.84M	-402.67M	-502.21M	-322.97M	-329.81M	-235.81M	-322.37M	-381.46M
Net Change in Cash	53.41M▲ 0%	26.77M▼ 49.9%	802.84M▲ 2899.4%	2.77B▲ 245.3%	101.42M▼ 96.3%	708.83M▲ 598.9%	-2.98B▼ 521.0%	-511.83M▲ 82.8%	-352.54M▲ 31.1%	21.6M▲ 0%
Free Cash Flow	342.33M▲ 0%	235.7M▼ 31.1%	1.07B▲ 354.6%	-1.76B▼ 264.6%	882.73M▲ 150.1%	1B▲ 13.5%	1.77B▲ 76.4%	1.21B▼ 31.4%	1.67B▲ 37.6%	1.73B▲ 0%
FCF Margin %	3.17%	2%	8.31%	-35.87%	9.12%	7.63%	10.93%	7.03%	9.51%	9.78%
FCF Growth %	146.99%	-31.15%	354.57%	-264.61%	150.05%	13.48%	76.42%	-31.43%	37.61%	50.11%
FCF per Share	0.59	0.43	2.03	-3.57	1.81	2.43	4.93	3.91	6.30	6.30
FCF Conversion (FCF/Net Income)	1.13x	3.69x	0.88x	1.45x	1.09x	1.20x	2.36x	3.16x	13.27x	9.47x
Interest Paid	658.64M	0	826.97M	639.72M	705.68M	0	0	406.26M	0	389.85M
Taxes Paid	181.65M	0	28.49M	8.54M	43.02M	0	0	267M	0	-23.75M

MGM Key Ratios

MGM Resorts International (MGM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	17.98%	4.19%	17.56%	-8.6%	11.21%	17.86%	23.46%	18.46%	5.9%	5.3%
Return on Invested Capital (ROIC)	5.75%	4.66%	11.75%	-1.81%	5.87%	3.34%	4.27%	3.38%	1.66%	1.66%
Gross Margin	42.64%	41.18%	41.06%	34.76%	48.03%	49.32%	47.08%	45.51%	44.42%	44.16%
Net Margin	18.08%	3.97%	15.89%	-21%	12.96%	11.22%	7.07%	4.33%	1.18%	1.03%
Debt / Equity	1.10x	1.43x	1.23x	1.87x	2.22x	6.33x	7.24x	8.56x	17.14x	17.14x
Interest Coverage	2.36x	1.73x	4.36x	-2.94x	2.83x	2.52x	3.44x	3.52x	1.67x	1.52x
FCF Conversion	1.13x	3.69x	0.88x	1.45x	1.09x	1.20x	2.36x	3.16x	13.27x	9.47x
Revenue Growth	14.2%	8.94%	9.66%	-61.88%	96.87%	35.61%	23.13%	6.66%	1.72%	3.39%

MGM SEC Filings & Documents

MGM Resorts International (MGM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Apr 29, 2026·SEC

Material company update

Apr 7, 2026·SEC

Material company update

Feb 5, 2026·SEC

10-K Annual Reports

FY 2026

Feb 11, 2026·SEC

FY 2025

Feb 18, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

FY 2026

Apr 29, 2026·SEC

FY 2025

Oct 29, 2025·SEC

FY 2025

Jul 30, 2025·SEC

MGM Frequently Asked Questions

MGM Resorts International (MGM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

MGM Resorts International (MGM) reported $17.72B in revenue for fiscal year 2025. This represents a 2101% increase from $804.8M in 1996.

MGM Resorts International (MGM) grew revenue by 1.7% over the past year. Growth has been modest.

Yes, MGM Resorts International (MGM) is profitable, generating $182.8M in net income for fiscal year 2025 (1.2% net margin).

Dividend & Returns

MGM Resorts International (MGM) has a return on equity (ROE) of 5.9%. This is below average, suggesting room for improvement.

MGM Resorts International (MGM) generated $1.73B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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MGM Resorts International(MGM)Earnings, Financials & Key Ratios

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