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MGM 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. In the quarter to June 2026, revenue grew 1.05%, EPS grew 522.2%, free cash flow grew 118.4% and total debt fell 2.20%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years; insiders bought in the last twelve months.

28.48 1.00 −3.39%
Market cap
$7.4B
P/E
17.0×
Fwd P/E
22.8×
Dividend yield
—
F-score
6/9
Altman Z
0.76
Beneish M
−2.73
Dividend safety
42/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

MGM Resorts International (MGM) Debt to equity

Alert me on Debt to equity

MGM Resorts International's debt to equity at the end of the quarter to 30 June 2026 was 1.8×, down 0.1× 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 below the Resorts & Casinos industry median of 1.9× 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
Jun 2026 1.8× (6.81%)
Mar 2026 1.9× 1.01%
Dec 2025 1.9× 6.21%
Sep 2025 1.8× 7.79%
42 more quarters

Against its own ten years

Low 0.9× High 1.9×
Ten-year median 1.4×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
WYNN Wynn Resorts, Limited compare −11.8×
BYD Boyd Gaming Corporation compare 1.0×
MGM MGM Resorts International 1.8×
VAC Marriott Vacations Worldwide Corporation compare 2.7×
CZR Caesars Entertainment, Inc. compare 3.7×
MTN Vail Resorts, Inc. compare 5.7×
HGV Hilton Grand Vacations Inc. compare 6.2×
RRR Red Rock Resorts, Inc. compare 12.4×
LVS Las Vegas Sands Corp. compare 17.0×
Resorts & Casinos industry median 1.9×
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)

The full definition of Debt to equity →

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