MGM Resorts International MGM
32.58
(1.11)
(3.29%)
as of 25 Sep
- Market cap
- $8.5B
- P/E
- 19.4×
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MGM Resorts International (MGM) 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
Annual
| 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
| 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 | Free account |
Against its own ten years
Low 26.2%
High 49.3%
Ten-year median
42.6%
Current reading's percentile
64
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 | 41.6% |
| 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 | 46.3% |
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
More on MGM
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- 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
- The full statement