insiderdelta
CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · MGM

1Y3Y5YMax
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AnnualQuarterly

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$17.54B$17.24B$16.16B$13.13B$9.68B$5.16B
Cost of Revenue------
Gross Profit------
R&D------
SG&A$4.88B$4.83B$4.70B$4.23B$2.51B$2.12B
Total Operating Expenses$16.61B$15.66B$14.21B$11.53B$7.49B$5.85B
D&A$1.02B$831.10M$814.13M$3.48B$1.15B$1.21B
Operating Income$1.00B$1.49B$1.89B$1.44B$2.28B($642.43M)
Interest Expense$419.04M$443.23M$460.29M$594.95M$799.59M$676.38M
Income Tax($240.09M)$52.46M$157.84M$697.07M$253.41M($191.57M)
Net Income$205.86M$746.56M$1.14B$1.47B$1.25B($1.03B)
EPS - Basic$0.77$2.42$3.22$3.52$2.44($2.02)
EPS - Diluted$0.76$2.40$3.19$3.49$2.41($2.02)

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$2.06B$2.42B$2.93B$5.91B$4.70B$5.10B
Accounts Receivable$1.12B$1.07B$929.13M$852.15M$583.91M$316.50M
Inventory$124.53M$140.56M$141.68M$126.06M$96.37M$88.32M
Accounts Payable$421.50M$412.66M$461.72M$369.82M$263.10M$142.52M
Current Assets$4.33B$4.36B$4.91B$8.15B$6.42B$5.95B
Total Assets$41.37B$42.23B$42.37B$45.69B$40.90B$36.49B
Current Liabilities$3.51B$3.35B$3.13B$4.52B$3.44B$1.86B
Long-term Debt$6.23B$6.36B$6.34B$7.43B$11.77B$12.38B
Total Liabilities$38.10B$38.51B$38.00B◇---
Stockholders' Equity$2.43B$3.02B$3.81B$4.83B$6.07B$6.50B
Retained Earnings$2.11B$3.08B$3.66B$4.79B$4.34B$3.09B

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$2.53B$2.36B$2.69B$1.76B$1.37B($1.49B)
Investing Cash Flow($1.14B)($1.28B)($714.17M)$2.12B$1.54B$2.16B
Financing Cash Flow($1.73B)($1.56B)($5.00B)($3.02B)($2.81B)$2.10B
CapEx$1.07B$1.15B$931.81M$765.07M$490.70M$270.58M
Free Cash Flow$1.46B$1.21B$1.76B$991.39M$882.73M($1.76B)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin5.7%8.6%11.7%11.0%23.5%-12.4%
EBITDA margin11.5%13.5%16.7%37.5%35.4%11.0%
Net margin1.2%4.3%7.1%11.2%13.0%-20.0%
Free cash flow margin8.3%7.0%10.9%7.6%9.1%-34.2%
FCF / Net income7.091.621.540.670.701.71
R&D / Revenue------
SG&A / Revenue27.8%28.0%29.1%32.2%25.9%41.1%
Effective tax rate-6.6%12.1%32.1%16.8%-
Return on assets0.5%1.8%2.7%3.2%3.1%-2.8%
Return on equity8.5%24.7%30.0%30.5%20.7%-15.9%
Return on invested capital9.1%14.8%16.4%8.0%10.6%-2.7%
Liquidity
Current ratio1.231.301.571.811.863.21
Quick ratio1.201.261.531.781.843.16
Cash ratio0.590.720.941.311.372.75
Leverage
Debt / Equity2.562.101.661.541.941.90
Debt / Assets0.150.150.150.160.290.34
Debt / EBITDA3.082.742.341.513.4321.79
Interest coverage2.4x3.4x4.1x2.4x2.8x-0.9x
Equity multiplier17.0313.9711.129.466.745.61
Liabilities / Assets0.920.910.90---
Efficiency
Asset turnover0.420.410.380.290.240.14
Inventory turnover------
Days sales outstanding23d23d21d24d22d22d
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E48.0x14.4x14.0x9.6x18.6x-
P / B4.2x3.6x4.2x2.9x3.6x2.4x
P / S0.6x0.6x1.0x1.1x2.3x3.0x
EV / EBITDA7.1x6.3x7.2x3.1x8.4x40.2x
Growth
Revenue growth (YoY)1.7%6.7%23.1%35.6%87.5%-60.0%
Revenue CAGR (3y)10.1%21.2%46.3%0.6%0.7%-21.8%
Revenue CAGR (5y)27.7%6.0%11.3%4.0%0.5%-10.9%
Gross profit growth (YoY)------
Operating income growth (YoY)-32.8%-21.2%31.4%-36.8%--
Net income growth (YoY)-72.4%-34.6%-22.5%17.4%--
EPS growth (YoY)-68.3%-24.8%-8.6%44.8%--
EPS CAGR (3y)-39.8%-0.1%--3.5%43.8%-
EPS CAGR (5y)--9.2%31.5%0.8%4.7%-
FCF growth (YoY)20.5%-31.1%77.4%12.3%--
FCF CAGR (5y)-2.5%49.5%23.7%--
Book value growth (YoY)-19.6%-20.7%-21.1%-20.4%-6.7%-15.8%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$16.68B total
Las Vegas Strip Resorts$8.44B · 50.6%
MGMChina$4.46B · 26.8%
Regional Operations$3.77B · 22.6%

Product / service

$17.54B total
Casino$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 total
US$12.41B · 70.8%
CN$4.46B · 25.5%
Non USOther$661.96M · 3.8%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

0.58
Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

6/9
Neutral
  • ✓Net income positive
  • ✓Operating cash flow positive
  • ✗ROA improved YoY
  • ✓Cash flow > net income
  • ✓Long-term debt decreased
  • ✗Current ratio improved
  • ✓No share dilution
  • -Gross margin improved
  • ✓Asset turnover improved

Peer comparison

Same SIC group: Hotels & Motels

CompanyRevenue (last FY)Net marginROE
H$7.10B-0.7%-1.6%
TNL$4.02B5.7%-23.4%
WH$1.43B13.5%41.2%
CHH$1.60B23.2%204.1%
MAR$26.19B9.9%-69.0%

Comparing MGM Resorts International against the 5 most active filers in the same SIC group.

Dividends

$0.00/share trailing 12 months

Ex-datePer 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

Cells marked with a small ◇ are sourced from SEC's bulk Financial Statement Data Sets, which can lose dimensional context (notably Revenue and Operating Income for issuers that report by segment). These cells will be replaced with authoritative values from the Company Facts API as the backfill completes.