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.
Follow MGM
MGM Resorts International (MGM) Free cash flow margin
MGM Resorts International's free cash flow margin over the twelve months to 30 June 2026 was 11.3%, up 3.0 percentage points from fiscal 2025 (8.37%). Over the past ten years it has ranged from −34.1% (fiscal 2020) to 16.4% (fiscal 2022); the current reading is higher than 73% of that period. That is above the Resorts & Casinos industry median of 4.23% and above the Consumer Cyclical sector median of 2.70%.
Free cash flow margin, annual
Embed this chart
Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 8.37% | 1.26 |
| FY2024 | 7.11% | (6.65) |
| FY2023 | 13.8% | (2.68) |
| FY2022 | 16.4% | 6.22 |
| FY2021 | 10.2% | 44.27 |
| FY2020 | −34.1% | (42.38) |
| FY2019 | 8.33% | 6.11 |
| FY2018 | 2.22% | (0.96) |
| FY2017 | 3.18% | 10.82 |
| FY2016 | −7.64% | (2.70) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| LVS Las Vegas Sands Corp. compare | 19.8% |
| MGM MGM Resorts International | 11.3% |
| WYNN Wynn Resorts, Limited compare | 10.8% |
| RRR Red Rock Resorts, Inc. compare | 9.65% |
| MTN Vail Resorts, Inc. compare | 8.83% |
| CZR Caesars Entertainment, Inc. compare | 7.25% |
| HGV Hilton Grand Vacations Inc. compare | 6.48% |
| VAC Marriott Vacations Worldwide Corporation compare | 1.98% |
| BYD Boyd Gaming Corporation compare | 0.86% |
| Resorts & Casinos industry median | 4.23% |
| Consumer Cyclical sector median | 2.70% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on MGM
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement