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Apr 29, 2026·SEC
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MGM Resorts International(MGM)Earnings, Financials & Key Ratios
MGM•NYSE
61.6× P/E·Price updated Jun 19, 2026
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%
MGM Key Insights
MGM Resorts International (MGM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 85 (top 15%)
- ✓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.
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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
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$0.49-12.5%
$0.56
Rev
$4.5B+2.0%
$4.4B
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$1.60+150.0%
$0.64
Rev
$4.6B+2.5%
$4.5B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.24-35.1%
$0.37
Rev
$4.3B-3.8%
$4.4B
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.79+36.2%
$0.58
Rev
$4.4B+3.7%
$4.2B
| 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 →
MGM Peer Comparison
MGM Resorts International (MGM) competitors in Integrated Destination Casino Resorts — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 LVS | 32.33B | 48.72 | 20.73 | 15.22% | 13.41% | 95.8% | 8.34 | |
 WYNN | 10.95B | 105.53 | 33.61 | 0.14% | 5.14% | |||
 CZR | 5.95B | 29.22 | -12.07 | 2.14% | -4.19% | -12.62% | 7.15 | |
 MLCO | 2.25B | 5.53 | 12.29 | 11.32% | 3.58% | |||
 BYD | 6.38B | 84.68 | 3.75 | 4.12% | 45.02% | 91.81% | 1.25 | |
 PENN | 2.84B | 21.30 | -3.65 | 5.82% | -12.11% | -34.66% | 4.58 | |
 RRR | 3.63B | 61.33 | 19.66 | 3.74% | 9.35% | 56.57% | 0.18 | |
 CHDN | 6.15B | 88.27 | 16.59 | 7.01% | 13.16% | 35.7% | 4.92 |
Compare MGM vs Peers
MGM Resorts International (MGM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MGM Income Statement
MGM Resorts International (MGM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | 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
| Metric | 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 | 840.73M |
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 | 1.33x |
Quick Ratio | 0.72x | 0.82x | 1.22x | 3.16x | 1.84x | 1.78x | 1.53x | 1.26x | 1.20x | 1.30x |
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 | 725.63M |
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 | 9.40x |
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 | 14.80x |
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
| Metric | 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 | 2.73B |
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% | 5.62% |
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 | 6.69 |
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% | 1.77% |
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 | 9.40x |
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% |
Related:MGM Dividend History·MGM Revenue History·MGM Price History·MGM P/E History·MGM Financial Ratios·MGM Institutional Holders
MGM SEC Filings & Documents
MGM Resorts International (MGM) SEC filings — annual & quarterly reports (10-K, 10-Q)
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.