Melco Resorts and Entertainment
MLCO
4.17
-0.07
-1.65%
Melco Resorts and Entertainment
US · MLCO
#2933 by market cap
Listed 1970
4.17
-0.07
-1.65%
Live - 5344 symbols - heartbeat 482s ago
· 2026-10-08 06:20
Pre-market
4.23
+1.44%
After-hours
4.17
0.00%
- Market cap
- 1.59B
- P/E (TTM)i
- 7.02
- P/Bi
- -0.97
- EPSi
- 0.46
- Div yieldi
- 0.00%
- 52W posi
- 2%
Reader sentiment
Are you bullish or bearish on MLCO?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.38, 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 +11.32% YoY
Margins
- Gross margin
- 36.73%
- Operating margin
- 12.61%
- Net margin
- 3.58%
Key ratios & quality
- Enterprise valuei
- 7.36B
- Altman Z-Scorei
- 0.38
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 | 5.19B | 5.74B | 1.73B | 2.01B | 1.35B | 3.78B | 4.64B | 5.16B |
| Gross profit | 1.86B | 2.10B | 142.30M | 490.01M | 246.54M | 1.18B | 1.66B | 1.90B |
| Selling & admin expenses | 505.93M | 559.48M | 424.40M | 426.41M | 423.23M | 488.13M | 568.70M | 657.36M |
| Research & development | 23.03M | 57.43M | 25.62M | 30.68M | 0 | 1.20M | 5.43M | 7.62M |
| Operating profit | 613.45M | 747.68M | -939.24M | -573.29M | -727.52M | 108.95M | 505.48M | 650.99M |
| Pretax profit | 339.13M | 402.57M | -1.46B | -953.58M | -1.09B | -401.91M | -6.35M | 148.29M |
| Tax | 238.00K | 8.34M | -2.91M | 2.89M | 5.24M | 13.42M | 21.61M | 2.83M |
| Net profit | 338.90M | 394.23M | -1.45B | -956.46M | -1.10B | -415.33M | -27.96M | 145.46M |
| Basic EPS | 1 | 1 | -3 | -2 | -2 | -1 | 0 | 0 |
| Diluted EPS | 0.67 | 0.77 | -2.65 | -1.70 | -2.01 | -0.75 | 0.10 | 0.46 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 1.23B | 1.17B | 1.31B | 1.29B | 1.37B | 1.07B |
| Gross profit | 456.95M | 397.97M | 508.43M | 474.37M | 510.35M | 364.98M |
| Selling & admin expenses | 154.95M | 228.05M | 167.01M | 176.91M | 179.62M | 227.64M |
| Research & development | 3.42M | -- | 996.00K | 1.35M | 1.02M | -- |
| Operating profit | 158.91M | 108.49M | 191.90M | 146.54M | 179.27M | 73.49M |
| Pretax profit | 32.36M | 17.05M | 62.91M | 31.77M | 78.00M | 31.35M |
| Tax | 4.61M | 2.97M | 845.00K | -14.53M | 7.12M | 1.85M |
| Net profit | 27.75M | 14.09M | 62.06M | 46.29M | 70.88M | 29.50M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.08 | 0.04 | 0.19 | 0.15 | 0.20 | 0.08 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 2.08B | 1.89B | 2.01B | 1.87B | 2.07B | 1.54B | 1.43B | 1.27B |
| Cash & ST investments | 1.56B | 1.44B | 1.76B | 1.65B | 1.81B | 1.31B | 1.15B | 1.02B |
| Inventory | 41.09M | 43.96M | 37.28M | 29.59M | 26.42M | 29.43M | 32.45M | 36.92M |
| Total assets | 9.12B | 9.49B | 9.02B | 8.88B | 9.30B | 8.34B | 7.99B | 7.60B |
| Total current liabilities | 2.15B | 1.53B | 1.12B | 1.02B | 1.20B | 1.10B | 1.19B | 1.18B |
| Short-term debt | 430.21M | 73.02M | 107.07M | 65.45M | 370.22M | 54.99M | 74.00M | 52.33M |
| Long-term debt | 3.67B | 4.39B | 5.65B | 6.56B | 8.09B | 7.47B | 7.14B | 6.75B |
| Total liabilities | 6,149,704,000.00 | 6,345,194,000.00 | 7,182,896,000.00 | 8,063,805,000.00 | 9,616,146,000.00 | 9,175,122,000.00 | 8,925,307,000.00 | 8,501,317,000.00 |
| Total equity | 2.97B | 3.14B | 1.84B | 819.89M | -314.36M | -840.05M | -939.96M | -903.63M |
| Retained earnings | -716.97M | -644.79M | -1.99B | -2.80B | -3.73B | -4.06B | -4.01B | -3.83B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.37B | 1.39B | 1.72B | 1.27B | 1.20B | 1.03B |
| Cash & ST investments | 1.10B | 1.12B | 1.48B | 1.02B | 942.37M | 454.26M |
| Inventory | 33.25M | 32.88M | 35.27M | 36.92M | 36.20M | 19.03M |
| Total assets | 7.90B | 7.81B | 8.10B | 7.60B | 7.40B | 6.32B |
| Total current liabilities | 1.13B | 1.20B | 1.58B | 1.18B | 1.43B | 1.00B |
| Short-term debt | 76.09M | 107.76M | 510.94M | 52.33M | 397.83M | 3.14M |
| Long-term debt | 7.14B | 7.11B | 6.89B | 6.75B | 6.32B | 5.07B |
| Total liabilities | 8,850,669,000.00 | 8,885,846,000.00 | 9,056,134,000.00 | 8,501,317,000.00 | 8,290,669,000.00 | 6,311,166,000.00 |
| Total equity | -946.94M | -1.07B | -953.30M | -903.63M | -894.53M | 8.77M |
| Retained earnings | -3.98B | -3.96B | -3.89B | -3.83B | -3.75B | -1.89B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.05B | 836.16M | -860.96M | -268.77M | -619.43M | 622.69M | 626.66M | 818.12M |
| Depreciation & amortization | 567.90M | 651.21M | 618.53M | 579.85M | 521.94M | 543.40M | 541.54M | 543.56M |
| Free cash flow | 385.84M | 386.25M | -1.32B | -948.17M | -1.24B | 358.80M | 325.48M | 476.14M |
| Dividends paid | -271.53M | -301.00M | -79.12M | 0 | -196.00K | -314.00K | -344.00K | -78.00K |
| Stock buybacks / issuance | -577.04M | 83.23M | 173.46M | -60.99M | -58.37M | -170.51M | -113.04M | -166.01M |
| Ending cash balance | 1.52B | 1.43B | 1.76B | 1.65B | 1.99B | 1.44B | 1.27B | 1.15B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -- | 136.42M | -- | -- | -- | 60.95M |
| Depreciation & amortization | -- | -- | -- | -- | -- | -- |
| Free cash flow | -- | 83.08M | -- | -- | -- | 1.90M |
| Dividends paid | -- | -20.04M | -- | -- | -- | -44.85M |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | -- | 697.64M | -- | -- | -- | 578.32M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 14.02 | 16.34 | -71.36 | -120.54 | -- | -- | -- | -- |
| ROA %i | 3.96 | 4.06 | -13.65 | -9.07 | -10.23 | -3.71 | 0.53 | 2.38 |
| ROIC %i | 8.77 | 9.72 | -12.84 | -7.03 | -- | -- | -- | -- |
| 5-year avg ROE %i | 9.10 | 9.40 | -5.37 | -30.39 | -- | -- | -- | -- |
| EBIT margin %i | 11.99 | 12.42 | -64.63 | -29.97 | -52.98 | 2.40 | 10.36 | 11.88 |
| FCF / sales %i | 8.56 | 6.73 | -- | -- | -- | 9.50 | 7.02 | 9.22 |
| Current ratioi | 0.97 | 1.24 | 1.80 | 1.83 | 1.73 | 1.40 | 1.20 | 1.07 |
| Quick ratioi | 0.88 | 1.13 | 1.69 | 1.67 | 1.56 | 1.27 | 1.09 | 0.97 |
| Debt / assetsi | 47.68 | 50.77 | 67.60 | 79.20 | 93.68 | 93.21 | 93.38 | 92.46 |
| LT debt / equityi | 170.58 | 194.52 | 543.63 | 2,848.00 | -- | -- | -- | -- |
| Interest coveragei | 2.33 | 2.30 | -3.28 | -1.72 | -1.90 | 0.18 | 0.99 | 1.32 |
| Revenue CAGR (3Y) %i | 9.29 | 8.28 | -31.11 | -27.08 | -38.26 | 29.76 | 32.09 | 56.39 |
| Net income CAGR (3Y) %i | 47.64 | 28.49 | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -15.92 | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -- | -- | -- | -- |
| ROA %i | 0.76 | 0.72 | 1.29 | 2.38 | 3.00 | 3.31 |
| ROIC %i | -- | -- | -- | -- | -- | -- |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 10.59 | 10.45 | 10.91 | 11.88 | 12.29 | 12.60 |
| FCF / sales %i | -- | -- | -- | 9.22 | -- | 8.14 |
| Current ratioi | 1.21 | 1.16 | 1.08 | 1.07 | 0.84 | 1.03 |
| Quick ratioi | 1.08 | 1.05 | 1.00 | 0.97 | 0.76 | 0.97 |
| Debt / assetsi | 94.38 | 95.44 | 94.15 | 92.46 | 93.81 | 80.62 |
| LT debt / equityi | -- | -- | -- | -- | -- | 58,037.54 |
| Interest coveragei | 1.05 | 1.08 | 1.17 | 1.32 | 1.42 | 1.43 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- City of Dreams is the largest reported line at 50.62% of revenue, across 7 reported segments.
- Studio City follows at 29.75%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
City of Dreams50.62%
Studio City29.75%
City of Dreams Dreams Manila7.79%
City of Dreams Mediterranean and Other6.57%
Altira Macau2.71%
Other Operations1.35%
Mocha1.21%
Quote time 2026-10-08 06:20:05 · For reference only, not investment advice and not tailored to your situation.