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Saturday 17 October 2026 Export MGM’s income statement to Excel — free account

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) Gross margin

Alert me on Gross margin

MGM Resorts International's gross margin over the twelve months to 30 June 2026 was 44.2%, down 0.3 percentage points from fiscal 2025 (44.4%). Over the past ten years it has ranged from 26.2% (fiscal 2018) to 49.3% (fiscal 2022); the current reading is higher than 64% of that period. That is below the Resorts & Casinos industry median of 50.9% and above the Consumer Cyclical sector median of 35.0%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 44.4% (1.09)
FY2024 45.5% (1.57)
FY2023 47.1% (2.24)
FY2022 49.3% 1.29
FY2021 48.0% 14.92
FY2020 33.1% (7.95)
FY2019 41.1% 14.88
FY2018 26.2% (16.46)
FY2017 42.6% 0.89
FY2016 41.8% 2.96

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 44.5% (0.21)
Mar 2026 44.7% 0.65
Dec 2025 44.0% 0.61
Sep 2025 43.4% (1.06)
42 more quarters

Against its own ten years

Low 26.2% High 49.3%
Ten-year median 42.6%
Current reading's percentile 57

Gross margin against peers

Company Gross margin
VAC Marriott Vacations Worldwide Corporation compare 90.7%
RRR Red Rock Resorts, Inc. compare 62.1%
CZR Caesars Entertainment, Inc. compare 53.2%
BYD Boyd Gaming Corporation compare 49.0%
LVS Las Vegas Sands Corp. compare 48.5%
MGM MGM Resorts International 44.2%
MTN Vail Resorts, Inc. compare 41.3%
WYNN Wynn Resorts, Limited compare 40.7%
HGV Hilton Grand Vacations Inc. compare 37.0%
Resorts & Casinos industry median 50.9%
Consumer Cyclical sector median 35.0%
Market median 46.2%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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