Melco Resorts & Entertainment Limited (MLCO) Financial Ratios
22 years of historical data (2004–2025) · Consumer Cyclical · Gambling, Resorts & Casinos
EV/EBITDA
↓
7.23
↓-99% vs avg
5yr avg: 1077.79
30Y Low7.2·High17.8
P/FCF
↓
4.72
↓-43% vs avg
5yr avg: 8.30
30Y Low6.4·High35.1
P/B Ratio
N/A
—
5yr avg: 5.94
30Y Low0.5·High5.9
ROE
↓
N/A
—
5yr avg: -214.6%
30Y Low-368%·High16%
Debt/EBITDA
↓
6.15
↓-99% vs avg
5yr avg: 740.67
30Y Low0.0·High12.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MLCO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Melco Resorts & Entertainment Limited trades at 12.3x earnings, 67% below its 5-year average of 37.4x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a discount of 42%. On a free-cash-flow basis, the stock trades at 4.7x P/FCF, 43% below the 5-year average of 8.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.2B | $3.0B | $2.5B | $3.9B | $5.3B | $4.9B | $8.9B | $11.6B | $8.9B | $14.5B | $6.9B |
| Enterprise Value | $8.3B | $9.0B | $8.8B | $10.3B | $12.2B | $10.2B | $13.2B | $15.1B | $11.8B | $16.9B | $9.2B |
| P/E Ratio → | 12.29 | 16.82 | 57.90 | — | — | — | — | 30.99 | 25.17 | 42.09 | 38.87 |
| P/S Ratio | 0.44 | 0.59 | 0.54 | 1.03 | 3.95 | 2.42 | 5.12 | 2.03 | 1.73 | 2.74 | 1.53 |
| P/B Ratio | — | — | — | — | — | 5.94 | 4.82 | 3.70 | 3.24 | 4.34 | 1.81 |
| P/FCF | 4.72 | 6.37 | 7.71 | 10.83 | — | — | — | 30.11 | 23.08 | 22.41 | 10.64 |
| P/OCF | 2.75 | 3.71 | 4.00 | 6.24 | — | — | — | 13.91 | 8.46 | 12.47 | 5.97 |
P/E links to full P/E history page with 30-year chart
MLCO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Melco Resorts & Entertainment Limited's enterprise value stands at 7.2x EBITDA, 99% below its 5-year average of 1077.8x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 41% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.75 | 1.90 | 2.74 | 9.06 | 5.09 | 7.64 | 2.62 | 2.29 | 3.20 | 2.04 |
| EV / EBITDA | 7.23 | 7.91 | 8.59 | 17.01 | — | 4277.66 | — | 10.94 | 10.08 | 15.04 | 10.34 |
| EV / EBIT | 13.74 | 15.05 | 18.35 | 37.95 | — | — | — | 21.04 | 19.42 | 29.34 | 26.04 |
| EV / FCF | — | 18.97 | 27.09 | 28.83 | — | — | — | 38.97 | 30.63 | 26.20 | 14.20 |
MLCO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Melco Resorts & Entertainment Limited earns an operating margin of 11.6%, above the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from 1.7% to 11.6% over the past 3 years, signaling improving operational efficiency. ROIC of 8.6% represents adequate returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.7% | 36.7% | 35.9% | 31.4% | 21.2% | 24.3% | 11.0% | 36.6% | 35.7% | 32.8% | 31.1% |
| Operating Margin | 11.6% | 11.6% | 10.4% | 1.7% | -55.0% | -28.7% | -54.4% | 13.0% | 12.2% | 11.5% | 8.0% |
| Net Profit Margin | 3.6% | 3.6% | 0.9% | -8.7% | -68.9% | -40.3% | -73.1% | 6.5% | 6.8% | 6.6% | 3.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -368.1% | -61.1% | -50.7% | 12.7% | 11.6% | 9.7% | 4.0% |
| ROA | 2.4% | 2.4% | 0.5% | -3.7% | -10.2% | -9.1% | -13.7% | 4.1% | 4.0% | 3.8% | 1.8% |
| ROIC | 8.6% | 8.6% | 6.6% | 0.8% | -8.7% | -7.0% | -11.1% | 9.2% | 8.2% | 7.6% | 4.0% |
| ROCE | 9.1% | 9.1% | 6.9% | 0.8% | -9.3% | -7.3% | -11.9% | 10.2% | 9.0% | 8.1% | 4.3% |
MLCO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Melco Resorts & Entertainment Limited carries a Debt/EBITDA ratio of 6.2x, which is highly leveraged (29% above the sector average of 4.8x). Net debt stands at $6.0B ($7.0B total debt minus $1.0B cash). Interest coverage of just 1.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | 8.58 | 3.32 | 1.53 | 1.58 | 1.16 | 1.05 |
| Debt / EBITDA | 6.15 | 6.15 | 7.27 | 12.77 | — | 2936.49 | — | 3.50 | 3.71 | 3.43 | 4.50 |
| Net Debt / Equity | — | — | — | — | — | 6.57 | 2.36 | 1.09 | 1.06 | 0.73 | 0.60 |
| Net Debt / EBITDA | 5.26 | 5.26 | 6.15 | 10.62 | — | 2246.63 | — | 2.49 | 2.48 | 2.18 | 2.59 |
| Debt / FCF | — | 12.61 | 19.38 | 18.00 | — | — | — | 8.86 | 7.55 | 3.79 | 3.56 |
| Interest Coverage | 1.27 | 1.27 | 0.99 | 0.55 | -1.93 | -1.67 | -2.63 | 2.29 | 2.26 | 2.20 | 1.27 |
MLCO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.07x means Melco Resorts & Entertainment Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.40x to 1.07x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.07 | 1.07 | 1.20 | 1.40 | 1.73 | 1.83 | 1.80 | 1.24 | 0.92 | 1.10 | 1.54 |
| Quick Ratio | 1.04 | 1.04 | 1.17 | 1.37 | 1.71 | 1.80 | 1.77 | 1.21 | 0.90 | 1.07 | 1.52 |
| Cash Ratio | 0.86 | 0.86 | 0.96 | 1.19 | 1.51 | 1.62 | 1.57 | 0.95 | 0.72 | 0.90 | 1.29 |
| Asset Turnover | — | 0.68 | 0.58 | 0.45 | 0.15 | 0.23 | 0.19 | 0.60 | 0.58 | 0.59 | 0.48 |
| Inventory Turnover | 88.48 | 88.48 | 91.68 | 88.05 | 40.26 | 51.45 | 41.27 | 82.76 | 81.23 | 101.54 | 95.51 |
| Days Sales Outstanding | — | 8.94 | 11.54 | 8.94 | 15.31 | 9.95 | 27.54 | 18.12 | 23.31 | 12.36 | 18.30 |
MLCO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Melco Resorts & Entertainment Limited returns 7.4% to shareholders annually — split between a 0.0% dividend yield and 7.4% buyback yield. The payout ratio of 0.0% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.9% | 2.6% | 3.0% | 5.7% | 5.6% |
| Payout Ratio | 0.0% | 0.0% | 0.8% | — | — | — | — | 80.7% | 77.2% | 236.7% | 219.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.1% | 5.9% | 1.7% | — | — | — | — | 3.2% | 4.0% | 2.4% | 2.6% |
| FCF Yield | 21.2% | 15.7% | 13.0% | 9.2% | — | — | — | 3.3% | 4.3% | 4.5% | 9.4% |
| Buyback Yield | 7.4% | 5.5% | 4.5% | 4.4% | 3.6% | 1.3% | 0.5% | 0.0% | 9.6% | 0.0% | 11.6% |
| Total Shareholder Yield | 7.4% | 5.5% | 4.5% | 4.4% | 3.6% | 1.3% | 1.4% | 2.6% | 12.6% | 5.7% | 17.2% |
| Shares Outstanding | — | $401M | $433M | $438M | $464M | $478M | $477M | $481M | $505M | $499M | $508M |
Peer Comparison
Compare MLCO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MLCOYou | $2B | 12.3 | 7.2 | 4.7 | 36.7% | 11.6% | — | 8.6% | 6.2 |
 LVS | $32B | 20.7 | 9.6 | 19.5 | 28.2% | 23.7% | 63.9% | 16.9% | 3.5 |
 WYNN | $11B | 33.6 | 12.3 | 15.8 | 32.7% | 16.2% | — | 9.3% | 6.9 |
 MGM | $12B | 61.6 | 32.7 | 7.2 | 44.4% | 5.7% | 5.9% | 1.7% | 27.8 |
 CZR | $6B | -12.1 | 9.0 | 11.4 | 37.7% | 18.1% | -12.5% | 5.4% | 7.5 |
 BYD | $6B | 3.8 | 7.9 | 16.4 | 42.1% | 21.4% | 88.0% | 12.3% | 2.8 |
 PENN | $3B | -3.7 | 14.7 | — | 27.4% | 3.9% | -36.0% | 1.8% | 11.7 |
 RRR | $4B | 19.7 | 4.5 | 12.6 | 52.6% | 29.7% | 58.9% | 23.4% | 0.1 |
 GDEN | $754M | -124.1 | 10.2 | 21.2 | 39.5% | 5.5% | -1.4% | 2.8% | 4.7 |
 NCLH | $9B | 22.7 | 8.7 | — | 32.0% | 16.2% | 23.3% | 7.5% | 5.3 |
 HLT | $79B | 57.0 | 32.8 | 39.2 | 41.1% | 22.4% | — | 24.7% | 5.5 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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MLCO — Frequently Asked Questions
Quick answers to the most common questions about buying MLCO stock.
What is Melco Resorts & Entertainment Limited's P/E ratio?
Melco Resorts & Entertainment Limited's current P/E ratio is 12.3x. The historical average is 32.6x.
What is Melco Resorts & Entertainment Limited's EV/EBITDA?
Melco Resorts & Entertainment Limited's current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.8x.
Is MLCO stock overvalued?
Based on historical data, Melco Resorts & Entertainment Limited is trading at a P/E of 12.3x. Compare with industry peers and growth rates for a complete picture.
What is Melco Resorts & Entertainment Limited's dividend yield?
Melco Resorts & Entertainment Limited's current dividend yield is 0.00% with a payout ratio of 0.0%.
What are Melco Resorts & Entertainment Limited's profit margins?
Melco Resorts & Entertainment Limited has 36.7% gross margin and 11.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Melco Resorts & Entertainment Limited have?
Melco Resorts & Entertainment Limited's Debt/EBITDA ratio is 6.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.