stockrowMGM Resorts International
MGM Consumer Cyclical Resorts & Casinos
MGM Resorts International’s revenue for fiscal 2025 (year ended December 2025) was $17.5 billion, up 1.72% from fiscal 2024.
- Revenue
- −0.91%
- EPS
- +114.8%
- Free cash flow
- −21.6%
- Total debt
- −8.02%
Quarter to September 2026, against a year earlier
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MGM Resorts International (MGM) Debt to equity
MGM Resorts International's debt to equity at the end of the quarter to 30 September 2026 was 1.7×, down 0.2× from fiscal 2025 (1.9×). Over the past ten years it has ranged from 0.9× (fiscal 2019) to 1.9× (fiscal 2025) — the current reading is the highest in ten years. That is above the Resorts & Casinos industry median of 0.1× and above the Consumer Cyclical sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 1.9× | 10.88% |
| FY2024 | 1.7× | 17.95% |
| FY2023 | 1.5× | (12.54%) |
| FY2022 | 1.7× | 43.85% |
| FY2021 | 1.2× | 4.14% |
| FY2020 | 1.1× | 25.59% |
| FY2019 | 0.9× | (38.45%) |
| FY2018 | 1.4× | 29.99% |
| FY2017 | 1.1× | (14.66%) |
| FY2016 | 1.3× | (20.33%) |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Sep 2026 | 1.7× | (6.61%) |
| Jun 2026 | 1.8× | (6.81%) |
| Mar 2026 | 1.9× | 1.01% |
| Dec 2025 | 1.9× | 6.21% |
| 43 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| LVS Las Vegas Sands Corp. compare | −134× |
| WYNN Wynn Resorts, Limited compare | −10.9× |
| RRR Red Rock Resorts, Inc. compare | 0.1× |
| BYD Boyd Gaming Corporation compare | 1.1× |
| MGM MGM Resorts International | 1.7× |
| VAC Marriott Vacations Worldwide Corporation compare | 2.5× |
| HGV Hilton Grand Vacations Inc. compare | 5.3× |
| MTN Vail Resorts, Inc. compare | 5.7× |
| CZR Caesars Entertainment, Inc. compare | 7.2× |
| Resorts & Casinos industry median | 0.1× |
| Consumer Cyclical sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
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