MGM · Mgm Resorts International - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.45B | - | $4.25B | $4.40B | $4.28B | - | $4.18B | $4.33B | $4.38B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.28B | - | $1.24B | $1.21B | $1.16B | - | $1.18B | $1.21B | $1.19B | - |
| Total Operating Expenses | $4.16B | - | $4.39B | $4.03B | $3.88B | - | $3.88B | $3.87B | $3.90B | - |
| D&A | $263.73M | - | $260.72M | $241.97M | $236.44M | - | $233.33M | $191.98M | $196.56M | - |
| Operating Income | $301.24M | - | ($112.85M) | $404.56M | $385.06M | - | $314.86M | $425.66M | $458.38M | - |
| Interest Expense | $100.69M | - | $102.29M | $105.58M | $110.04M | - | $111.87M | $111.94M | $110.04M | - |
| Income Tax | $27.46M | - | ($12.86M) | $15.66M | $40.05M | - | $52.57M | ($11.55M) | $43.67M | - |
| Net Income | $125.14M | - | ($285.25M) | $48.95M | $148.55M | - | $184.58M | $187.07M | $217.48M | - |
| EPS - Basic | $0.49 | - | ($1.05) | $0.18 | $0.52 | - | $0.61 | $0.60 | $0.68 | - |
| EPS - Diluted | $0.48 | - | ($1.05) | $0.18 | $0.51 | - | $0.61 | $0.60 | $0.67 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.29B | $2.06B | $2.13B | $1.96B | $2.27B | $2.42B | $2.95B | $2.41B | $2.72B | $2.93B |
| Accounts Receivable | $1.13B | $1.12B | $932.13M | $1.04B | $970.08M | $1.07B | $964.74M | $1.02B | $924.06M | $929.13M |
| Inventory | $123.16M | $124.53M | $127.10M | $126.70M | $135.02M | $140.56M | $144.84M | $147.86M | $147.36M | $141.68M |
| Accounts Payable | $404.49M | $421.50M | $421.12M | $383.47M | $380.84M | $412.66M | $391.84M | $401.92M | $448.16M | $461.72M |
| Current Assets | $4.53B | $4.33B | $3.93B | $3.86B | $4.14B | $4.36B | $4.83B | $4.41B | $4.57B | $4.91B |
| Total Assets | $41.40B | $41.37B | $41.41B | $41.70B | $41.90B | $42.23B | $42.74B | $41.82B | $42.08B | $42.37B |
| Current Liabilities | $3.39B | $3.51B | $3.18B | $3.17B | $3.17B | $3.35B | $3.89B | $3.00B | $3.03B | $3.13B |
| Long-term Debt | $6.40B | $6.23B | $6.16B | $6.21B | $6.41B | $6.36B | $6.23B | $6.29B | $6.27B | $6.34B |
| Total Liabilities | $38.07B | $38.10B | $37.96B | $37.96B | $38.28B | $38.51B | - | - | - | $38.00B |
| Stockholders' Equity | $2.43B | $2.43B | $2.68B | $2.97B | $2.85B | $3.02B | $3.23B | $3.21B | $3.46B | $3.81B |
| Retained Earnings | $2.17B | $2.11B | $2.32B | $2.61B | $2.76B | $3.08B | $3.04B | $3.17B | $3.39B | $3.66B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $567.79M | - | - | - | $547.08M | - | - | - | $549.27M | - |
| Investing Cash Flow | ($372.79M) | - | - | - | ($227.04M) | - | - | - | ($108.41M) | - |
| Financing Cash Flow | $39.92M | - | - | - | ($470.22M) | - | - | - | ($628.97M) | - |
| CapEx | $154.66M | - | - | - | $228.04M | - | - | - | $172.08M | - |
| Free Cash Flow | $413.13M | - | - | - | $319.04M | - | - | - | $377.19M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 6.8% | - | -2.7% | 9.2% | 9.0% | - | 7.5% | 9.8% | 10.5% | - |
| EBITDA margin | 12.7% | - | 3.5% | 14.7% | 14.5% | - | 13.1% | 14.3% | 14.9% | - |
| Net margin | 2.8% | - | -6.7% | 1.1% | 3.5% | - | 4.4% | 4.3% | 5.0% | - |
| Free cash flow margin | 9.3% | - | - | - | 7.5% | - | - | - | 8.6% | - |
| FCF / Net income | 3.30 | - | - | - | 2.15 | - | - | - | 1.73 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 28.8% | - | 29.2% | 27.6% | 27.2% | - | 28.1% | 28.0% | 27.3% | - |
| Effective tax rate | 18.0% | - | - | 24.2% | 21.2% | - | 22.2% | -6.6% | 16.7% | - |
| Return on assets | 0.3% | - | -0.7% | 0.1% | 0.4% | - | 0.4% | 0.4% | 0.5% | - |
| Return on equity | 5.1% | - | -10.7% | 1.6% | 5.2% | - | 5.7% | 5.8% | 6.3% | - |
| Return on invested capital | 2.8% | - | -1.0% | 3.3% | 3.3% | - | 2.6% | 4.5% | 3.9% | - |
| Liquidity | ||||||||||
| Current ratio | 1.33 | 1.23 | 1.23 | 1.22 | 1.31 | 1.30 | 1.24 | 1.47 | 1.51 | 1.57 |
| Quick ratio | 1.30 | 1.20 | 1.19 | 1.18 | 1.26 | 1.26 | 1.21 | 1.42 | 1.46 | 1.53 |
| Cash ratio | 0.68 | 0.59 | 0.67 | 0.62 | 0.72 | 0.72 | 0.76 | 0.80 | 0.90 | 0.94 |
| Leverage | ||||||||||
| Debt / Equity | 2.63 | 2.56 | 2.30 | 2.09 | 2.25 | 2.10 | 1.93 | 1.96 | 1.81 | 1.66 |
| Debt / Assets | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 |
| Debt / EBITDA | 11.33 | - | 41.68 | 9.60 | 10.32 | - | 11.37 | 10.19 | 9.57 | - |
| Interest coverage | 3.0x | - | -1.1x | 3.8x | 3.5x | - | 2.8x | 3.8x | 4.2x | - |
| Equity multiplier | 17.01 | 17.03 | 15.48 | 14.02 | 14.68 | 13.97 | 13.22 | 13.02 | 12.17 | 11.12 |
| Liabilities / Assets | 0.92 | 0.92 | 0.92 | 0.91 | 0.91 | 0.91 | - | - | - | 0.90 |
| Efficiency | ||||||||||
| Asset turnover | 0.11 | - | 0.10 | 0.11 | 0.10 | - | 0.10 | 0.10 | 0.10 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 92d | - | 80d | 86d | 83d | - | 84d | 86d | 77d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 77.1x | - | - | 191.1x | 58.1x | - | 64.1x | 74.1x | 70.5x | - |
| P / B | 3.9x | - | 3.5x | 3.2x | 3.0x | - | 3.7x | 4.3x | 4.4x | - |
| P / S | 2.2x | - | 2.2x | 2.2x | 2.0x | - | 2.8x | 3.2x | 3.5x | - |
| EV / EBITDA | 24.2x | - | 91.1x | 21.2x | 20.5x | - | 27.6x | 28.9x | 28.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.2% | - | 1.6% | 1.8% | -2.4% | - | 5.3% | 9.8% | 13.2% | - |
| Revenue CAGR (3y) | 4.8% | - | 7.6% | 10.5% | 14.4% | - | 15.6% | 24.0% | 38.6% | - |
| Revenue CAGR (5y) | 22.0% | - | 30.4% | 72.3% | 13.7% | - | 4.8% | 6.1% | 6.7% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -21.8% | - | - | -5.0% | -16.0% | - | -14.9% | 14.6% | -37.3% | - |
| Net income growth (YoY) | -15.8% | - | - | -73.8% | -31.7% | - | 14.6% | -6.8% | -53.4% | - |
| EPS growth (YoY) | -5.9% | - | - | -70.0% | -23.9% | - | 32.6% | 9.1% | -46.0% | - |
| EPS CAGR (3y) | -27.1% | - | - | -65.0% | - | - | -39.6% | 62.4% | - | - |
| EPS CAGR (5y) | - | - | - | - | -20.8% | - | - | 49.6% | 68.0% | - |
| FCF growth (YoY) | 29.5% | - | - | - | -15.4% | - | - | - | -33.1% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | -0.9% | - |
| Book value growth (YoY) | -14.7% | -19.6% | -17.2% | -7.4% | -17.5% | -20.7% | -18.5% | -27.3% | -28.6% | -21.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$16.68B totalLas Vegas Strip Resorts$8.44B · 50.6%
MGMChina$4.46B · 26.8%
Regional Operations$3.77B · 22.6%
Product / service
$17.54B totalCasino$9.45B · 53.9%
Occupancy$3.38B · 19.3%
Food And Beverage$3.05B · 17.4%
Entertainment Retail And Other$1.66B · 9.5%
Geographic
$17.54B totalUS$12.41B · 70.8%
CN$4.46B · 25.5%
Non USOther$661.96M · 3.8%
Peer comparison
Same SIC group: Hotels & Motels
Comparing MGM Resorts International against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Dec 8, 2022 | $0.0030 |
| Sep 8, 2022 | $0.0030 |
| Jun 9, 2022 | $0.0030 |
| Mar 9, 2022 | $0.0030 |
| Dec 9, 2021 | $0.0030 |
| Sep 9, 2021 | $0.0030 |
| Jun 9, 2021 | $0.0030 |
| Mar 9, 2021 | $0.0030 |
| Dec 9, 2020 | $0.0030 |
| Sep 9, 2020 | $0.0030 |
| Jun 9, 2020 | $0.0030 |
| Mar 9, 2020 | $0.1500 |
| Dec 9, 2019 | $0.1300 |
| Sep 9, 2019 | $0.1300 |
| Jun 7, 2019 | $0.1300 |
| Mar 7, 2019 | $0.1300 |
| Dec 7, 2018 | $0.1200 |
| Sep 7, 2018 | $0.1200 |
| Jun 7, 2018 | $0.1200 |
| Mar 8, 2018 | $0.1200 |
| Dec 8, 2017 | $0.1100 |
| Sep 8, 2017 | $0.1100 |
| Jun 7, 2017 | $0.1100 |
| Mar 8, 2017 | $0.1100 |