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MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. It operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The company operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms. Its casino operations include slots and table games, as well as live dealer, online sports betting, and iGaming through BetMGM. The company's customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $17.5B | $1.7B | $206M | $1.5B | 8.5% | 1.7% | -72.4% |
| 2024 | $17.2B | $2.4B | $747M | $1.2B | 24.7% | 6.7% | -34.6% |
| 2023 | $16.2B | $2.7B | $1.1B | $1.8B | 30.0% | 23.1% | -22.5% |
| 2022 | $13.1B | $5.0B | $1.5B | $991M | 30.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 17,537.68 |
| Operating Revenue | 17,537.68 |
| Cost Of Revenue | 9,747.55 |
| Gross Profit | 7,790.13 |
| Operating Expense | 6,452.28 |
| Selling General And Administration | 4,877.54 |
| Total Expenses | 16,199.84 |
| Operating Income | 1,337.85 |
| Total Operating Income As Reported | 1,001.78 |
| EBITDA | 1,717.62 |
| Normalized EBITDA | 1,996.54 |
| EBIT | 699.82 |
| Interest Expense | 419.04 |
| Net Interest Income | -419.04 |
| Other Non Operating Income Expenses | -430.22 |
| Other Income Expense | -638.03 |
| Interest Expense Non Operating | 419.04 |
| Net Non Operating Interest Income Expense | -419.04 |
| Pretax Income | 280.78 |
| Tax Provision | -240.09 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -58.57 |
| Net Income Continuous Operations | 520.87 |
| Net Income From Continuing And Discontinued Operation | 205.86 |
| Net Income From Continuing Operation Net Minority Interest | 205.86 |
| Net Income | 205.86 |
| Net Income Common Stockholders | 211.09 |
| Net Income Including Noncontrolling Interests | 520.87 |
| Normalized Income | 426.21 |
| Diluted NI Availto Com Stockholders | 211.09 |
| Basic Average Shares | 275.05 |
| Diluted Average Shares | 277.27 |
| Reconciled Depreciation | 1,017.79 |
| Reconciled Cost Of Revenue | 9,747.55 |
| Total Unusual Items | -278.93 |
| Total Unusual Items Excluding Goodwill | -278.93 |
| Minority Interests | -315.01 |
| Special Income Charges | -278.93 |
| Gain On Sale Of Business | 0 |
| Other Special Charges | - |
| Impairment Of Capital Assets | 278.93 |
| Restructuring And Mergern Acquisition | - |
| Gain On Sale Of Security | - |
| Depreciation Amortization Depletion Income Statement | 1,017.79 |
| Depreciation And Amortization In Income Statement | 1,017.79 |
| General And Administrative Expense | 4,877.54 |
| Other Gand A | 4,877.54 |
| Gain On Sale Of Ppe | - |
| Other Operating Expenses | 556.95 |
| Otherunder Preferred Stock Dividend | -5.23 |
| Earnings From Equity Interest | 71.12 |
| Average Dilution Earnings | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MGM Resorts Internationalthis co. | MGM | $12.3B | 59.58↑ premium | 5.05 | 8.5% | 24.21 |
| Best Buy Co., Inc. | BBY | $15.0B | 13.99 | 5.05 | 36.1% | 7.60 |
| lululemon athletica inc. | LULU | $14.9B | 9.46 | 3.01 | 31.8% | 5.51 |
| Ball Corporation | BALL | $14.0B | 15.39 | 2.59 | 16.8% | 9.61 |
| Genuine Parts Company | GPC | $13.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| 208.08 |
| 3.10 |
| 1.5% |
| 26.24 |
| Hasbro, Inc. | HAS | $12.0B | -37.07 | 22.19 | -59.9% | 62.19 |
| Avery Dennison Corporation | AVY | $11.7B | 17.04 | 5.23 | 30.7% | 10.98 |
| Wynn Resorts, Limited | WYNN | $10.8B | 32.85 | -39.03 | -118.8% | 12.19 |
| Domino's Pizza, Inc. | DPZ | $10.2B | 17.00 | -2.62 | -15.4% | 14.36 |
| Peer Median | - | 16.19 | 3.06 | 9.2% | 11.59 | |