MGM Resorts International
MGM
30.00
-0.54
-1.77%
MGM Resorts International
US · MGM
#1706 by market cap
Listed 1970
30.00
-0.54
-1.77%
Live - 5344 symbols - heartbeat 344s ago
· 2026-10-08 08:29
Pre-market
29.90
-0.33%
After-hours
30.03
+0.10%
Overnight
30.05
+0.17%
- Market cap
- 7.55B
- P/E (TTM)i
- 18.18
- P/Bi
- 3.00
- EPSi
- 0.76
- Div yieldi
- 0.00%
- 52W posi
- 4%
Reader sentiment
Are you bullish or bearish on MGM?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.74, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +1.72% YoY
Margins
- Gross margin
- 44.42%
- Operating margin
- 7.63%
- Net margin
- 1.20%
Key ratios & quality
- Enterprise valuei
- 11.90B
- Altman Z-Scorei
- 0.74
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.76B | 12.90B | 5.16B | 9.68B | 13.13B | 16.16B | 17.24B | 17.54B |
| Gross profit | 4.84B | 5.30B | 1.71B | 4.65B | 6.47B | 7.61B | 7.85B | 7.79B |
| Selling & admin expenses | 1.76B | 2.10B | 2.12B | 2.51B | 4.23B | 4.70B | 4.83B | 4.88B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 1.48B | 1.43B | -2.08B | 568.91M | -1.71B | 1.58B | 1.67B | 1.34B |
| Pretax profit | 634.01M | 2.85B | -1.51B | 1.46B | 903.80M | 1.47B | 1.12B | 280.78M |
| Tax | 50.11M | 632.35M | -191.57M | 253.42M | 697.07M | 157.84M | 52.46M | -240.09M |
| Net profit | 583.89M | 2.21B | -1.32B | 1.21B | 206.73M | 1.31B | 1.06B | 520.87M |
| Basic EPS | 1 | 4 | -2 | 2 | 4 | 3 | 2 | 1 |
| Diluted EPS | 0.81 | 3.88 | -2.02 | 2.41 | 3.49 | 3.19 | 2.40 | 0.76 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 4.28B | 4.40B | 4.25B | 4.61B | 4.45B | 4.45B |
| Gross profit | 1.96B | 1.96B | 1.85B | 2.03B | 1.99B | 1.98B |
| Selling & admin expenses | 1.16B | 1.21B | 1.24B | 1.26B | 1.28B | 1.26B |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 413.51M | 379.68M | 219.45M | 325.22M | 306.41M | 302.23M |
| Pretax profit | 266.78M | 133.76M | -219.59M | 99.83M | 202.25M | 413.52M |
| Tax | 40.05M | 15.66M | -12.86M | -282.95M | 27.46M | 90.73M |
| Net profit | 226.73M | 118.09M | -206.73M | 382.78M | 174.79M | 322.79M |
| Basic EPS | 1 | 0 | -1 | 1 | 0 | 1 |
| Diluted EPS | 0.51 | 0.18 | -1.05 | 1.11 | 0.48 | 1.11 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.53B | 4.01B | 5.95B | 6.42B | 8.15B | 4.91B | 4.36B | 4.33B |
| Cash & ST investments | 1.53B | 2.33B | 5.10B | 4.70B | 5.91B | 2.93B | 2.42B | 2.06B |
| Inventory | 110.83M | 102.89M | 88.32M | 96.37M | 126.07M | 141.68M | 140.56M | 124.54M |
| Total assets | 30.21B | 33.88B | 36.49B | 40.90B | 45.69B | 42.37B | 42.23B | 41.37B |
| Total current liabilities | 2.95B | 3.19B | 1.86B | 3.44B | 4.52B | 3.13B | 3.35B | 3.51B |
| Short-term debt | 43.41M | 95.45M | 112.04M | 1.12B | 1.41B | 84.15M | 172.21M | 182.92M |
| Long-term debt | 15.09B | 11.17B | 12.38B | 11.77B | 7.43B | 6.34B | 6.36B | 6.23B |
| Total liabilities | 19,638,665,000.00 | 21,108,391,000.00 | 25,248,484,000.00 | 29,774,803,000.00 | 40,323,733,000.00 | 38,001,047,000.00 | 38,511,671,000.00 | 38,097,468,000.00 |
| Total equity | 10.57B | 12.77B | 11.25B | 11.12B | 5.37B | 4.37B | 3.72B | 3.28B |
| Retained earnings | 2.42B | 4.20B | 3.09B | 4.34B | 4.79B | 3.66B | 3.08B | 2.11B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 4.14B | 3.86B | 3.93B | 4.33B | 4.53B | 4.40B |
| Cash & ST investments | 2.27B | 1.96B | 2.13B | 2.06B | 2.29B | 2.55B |
| Inventory | 135.02M | 126.70M | 127.10M | 124.54M | 123.16M | 123.37M |
| Total assets | 41.90B | 41.70B | 41.41B | 41.37B | 41.40B | 39.85B |
| Total current liabilities | 3.17B | 3.17B | 3.18B | 3.51B | 3.39B | 3.30B |
| Short-term debt | -- | -- | -- | 182.92M | -- | -- |
| Long-term debt | 6.41B | 6.21B | 6.16B | 6.23B | 6.40B | 6.07B |
| Total liabilities | 38,281,691,000.00 | 37,956,527,000.00 | 37,959,486,000.00 | 38,097,468,000.00 | 38,070,154,000.00 | 36,472,268,000.00 |
| Total equity | 3.62B | 3.74B | 3.45B | 3.28B | 3.33B | 3.38B |
| Retained earnings | 2.76B | 2.61B | 2.32B | 2.11B | 2.17B | 2.31B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.72B | 1.81B | -1.49B | 1.37B | 1.76B | 2.69B | 2.36B | 2.53B |
| Depreciation & amortization | 1.18B | 1.30B | 1.21B | 1.15B | 3.48B | 814.13M | 831.10M | 1.02B |
| Free cash flow | 235.70M | 1.07B | -1.76B | 882.73M | 991.40M | 1.76B | 1.21B | 1.46B |
| Dividends paid | -260.59M | -271.29M | -77.61M | -4.79M | -4.05M | -- | -- | -- |
| Stock buybacks / issuance | -1.28B | 218.47M | 170.98M | -960.66M | -2.78B | -2.29B | -1.36B | -1.23B |
| Ending cash balance | 1.53B | 2.33B | 5.10B | 5.20B | 6.04B | 3.01B | 2.50B | 2.15B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 547.08M | 645.87M | 681.43M | 655.00M | 567.79M | 558.82M |
| Depreciation & amortization | 236.44M | 241.98M | 260.72M | 278.66M | 263.73M | 282.32M |
| Free cash flow | 319.04M | 377.43M | 405.45M | 358.54M | 413.13M | 317.44M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -489.28M | -227.88M | -12.00K | -511.10M | -88.90M | -173.60M |
| Ending cash balance | 2.36B | 2.04B | 2.22B | 2.15B | 2.38B | 2.63B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 6.31 | 28.74 | -14.01 | 18.70 | 26.44 | 26.48 | 21.76 | 7.74 |
| ROA %i | 1.50 | 6.39 | -2.83 | 3.04 | 3.33 | 2.60 | 1.76 | 0.51 |
| ROIC %i | 5.47 | 12.05 | -1.61 | 6.32 | 5.49 | 4.19 | 3.33 | 1.58 |
| 5-year avg ROE %i | 8.09 | 14.56 | 13.70 | 13.56 | 13.24 | 17.27 | 15.87 | 20.23 |
| EBIT margin %i | 11.93 | 28.64 | -16.18 | 23.36 | 11.42 | 11.96 | 9.05 | 3.99 |
| FCF / sales %i | 2.00 | 8.31 | -- | 9.12 | 7.55 | 10.88 | 7.03 | 8.33 |
| Current ratioi | 0.86 | 1.26 | 3.21 | 1.86 | 1.81 | 1.57 | 1.30 | 1.23 |
| Quick ratioi | 0.75 | 1.16 | 3.05 | 1.62 | 1.51 | 1.28 | 1.12 | 0.97 |
| Debt / assetsi | 50.09 | 45.88 | 57.21 | 60.37 | 74.40 | 74.48 | 74.85 | 75.84 |
| LT debt / equityi | 231.69 | 199.90 | 319.26 | 388.32 | 674.36 | 825.76 | 1,039.80 | 1,283.70 |
| Interest coveragei | 1.82 | 4.36 | -1.23 | 2.83 | 2.52 | 4.20 | 3.52 | 1.67 |
| Revenue CAGR (3Y) %i | 8.58 | 10.82 | -21.81 | -6.29 | 0.59 | 46.30 | 21.22 | 10.14 |
| Net income CAGR (3Y) %i | -- | 23.03 | -- | 39.03 | -10.42 | -- | -15.88 | -48.11 |
| FCF CAGR (3Y) %i | -- | -- | -- | 55.30 | -2.55 | -- | 11.14 | 13.78 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 21.38 | 17.34 | 2.25 | 7.74 | 7.10 | 15.44 |
| ROA %i | 1.61 | 1.28 | 0.16 | 0.51 | 0.45 | 1.04 |
| ROIC %i | 3.16 | 2.71 | 1.40 | 1.58 | 1.28 | 2.01 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 8.64 | 7.76 | 4.69 | 3.99 | 3.55 | 5.10 |
| FCF / sales %i | 6.73 | 7.53 | 7.93 | 8.33 | 8.78 | 8.41 |
| Current ratioi | 1.31 | 1.22 | 1.23 | 1.23 | 1.33 | 1.33 |
| Quick ratioi | 1.09 | 1.02 | 1.01 | 0.97 | 1.04 | 1.14 |
| Debt / assetsi | 75.11 | 74.86 | 75.23 | 75.84 | 75.69 | 74.90 |
| LT debt / equityi | 1,102.89 | 1,049.76 | 1,164.12 | 1,283.70 | 1,287.75 | 1,187.34 |
| Interest coveragei | 3.36 | 3.08 | 1.91 | 1.67 | 1.52 | 2.21 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Las Vegas Strip Resorts is the largest reported line at 48.75% of revenue, across 5 reported segments.
- MGM China follows at 24.73%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Las Vegas Strip Resorts48.75%
MGM China24.73%
Regional Operations20.76%
MGM Digital4.41%
Corporate and Other1.34%
Quote time 2026-10-08 08:29:28 · For reference only, not investment advice and not tailored to your situation.