Loading…
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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 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 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 13,127.48 | 16,164.25 | 17,240.54 | 17,537.68 |
| Cost Of Revenue | - | 6,652.98 | 8,553.56 | 9,393.54 | 9,747.55 |
| Gross Profit | - | 6,474.50 | 7,610.69 | 7,847 | 7,790.13 |
| Operating Expense | - | 8,187.78 | 6,027.18 | 6,176.61 | 6,452.28 |
| Operating Income | - | -1,713.28 | 1,583.50 | 1,670.40 | 1,337.85 |
| EBITDA | - | 4,980.80 | 2,747.18 | 2,391.39 | 1,717.62 |
| EBIT | - | 1,498.75 | 1,933.06 | 1,560.30 | 699.82 |
| Pretax Income | - | 903.80 | 1,472.76 | 1,117.06 | 280.78 |
| Tax Provision | - | 697.07 | 157.84 | 52.46 | -240.09 |
| Net Income | - | 1,473.09 | 1,142.18 | 746.56 | 205.86 |
| Net Income Common Stockholders | - | 1,441.20 | 1,144.31 | 743.65 | 211.09 |
| Total Expenses | - | 14,840.77 | 14,580.75 | 15,570.15 | 16,199.84 |
| Interest Expense | - | 594.95 | 460.29 | 443.23 | 419.04 |
| Selling General And Administration | - | 4,226.62 | 4,700.66 | 4,825.31 | 4,877.54 |
| Normalized EBITDA | - | 1,636.27 | 2,348.40 | 2,391.39 | 1,996.54 |
| Normalized Income | - | -1,169.09 | 786.13 | 746.56 | 426.21 |
| Market Cap | 10,115.46 | 10,115.46 | 10,115.46 | 10,115.46 | 10,115.46 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| MGM Resorts Internationalthis co. | MGM | - | 49.14↑ premium | 4.16 | 8.5% | 22.96 |
| Genuine Parts Company | GPC | $15.3B | 229.41 | 3.42 | 1.5% | 28.11 |
| Aptiv PLC | APTV | $12.8B | 91.48 | 1.64 | 1.8% | 9.40 |
| Best Buy Co., Inc. | BBY | $12.8B | 11.85 | 4.27 | 36.1% | 6.60 |
| Avery Dennison Corporation | AVY | $12.7B |
| - |
| - |
| - |
| - |
| - |
| - |
| 18.50 |
| 5.68 |
| 30.7% |
| 11.71 |
| Amcor plc | AMCR | $12.4B | 35.22 | 1.53 | 4.4% | 18.20 |
| Domino's Pizza, Inc. | DPZ | $12.4B | 20.56 | -3.17 | -15.4% | 16.39 |
| Wynn Resorts, Limited | WYNN | $10.9B | 33.66 | -40.00 | -118.8% | 12.35 |
| Booking Holdings Inc. | BKNG | $5.8B | 25.96 | -25.15 | -96.9% | 15.44 |
| Peer Median | - | 29.81 | 1.59 | 1.6% | 13.90 | |