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.
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MGM Resorts International (MGM) EBITDA
MGM Resorts International's EBITDA for fiscal 2025 was $2.3B, unchanged from fiscal 2024. Over the twelve months to 30 June 2026 it was $2.5B. Over the past ten years it has ranged from $602.5M (fiscal 2020) to $5.3B (fiscal 2019); the current reading is higher than 27% of that period. EBITDA has fallen for 3 consecutive fiscal years. MGM Resorts International ranks 3rd of 18 Resorts & Casinos companies by EBITDA.
EBITDA, annual
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Annual newest first
| Period | EBITDA | Change |
|---|---|---|
| FY2025 | $2.3B | (1.00%) |
| FY2024 | $2.3B | (14.07%) |
| FY2023 | $2.7B | (44.83%) |
| FY2022 | $5.0B | 42.79% |
| FY2021 | $3.5B | 475.89% |
| FY2020 | $602.5M | (88.60%) |
| FY2019 | $5.3B | 96.53% |
| FY2018 | $2.7B | (1.84%) |
| FY2017 | $2.7B | (7.72%) |
| FY2016 | $3.0B | 36.29% |
Quarterly newest first
| Period | EBITDA | Change |
|---|---|---|
| Jun 2026 | $903.3M | 58.10% |
| Mar 2026 | $571.3M | (9.73%) |
| Dec 2025 | $632.9M | 54.22% |
| Sep 2025 | $410.4M | (37.21%) |
| 42 more quarters | Free account |
Against its own ten years
EBITDA against peers
| Company | EBITDA |
|---|---|
| LVS Las Vegas Sands Corp. compare | $4.5B |
| CZR Caesars Entertainment, Inc. compare | $3.6B |
| MGM MGM Resorts International | $2.5B |
| WYNN Wynn Resorts, Limited compare | $1.8B |
| BYD Boyd Gaming Corporation compare | $1.0B |
| HGV Hilton Grand Vacations Inc. compare | $878.0M |
| RRR Red Rock Resorts, Inc. compare | $770.6M |
| MTN Vail Resorts, Inc. compare | $726.2M |
| VAC Marriott Vacations Worldwide Corporation compare | −$7.0M |
What EBITDA is
EBITDA shows what a company earns from its operations before interest, taxes and the non-cash charges for depreciation and amortization.
Reported line item
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