stockrowMGM 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.
- Revenue
- −0.91%
- EPS
- +114.8%
- Free cash flow
- −21.6%
- Total debt
- −8.02%
Quarter to September 2026, against a year earlier
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MGM Resorts International (MGM) Gross margin
MGM Resorts International's gross margin over the twelve months to 30 September 2026 was 43.6%, down 0.8 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 47.5% and above the Consumer Cyclical sector median of 34.3%.
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) |
|---|---|---|
| Sep 2026 | 41.2% | (3.31) |
| Jun 2026 | 44.5% | (0.21) |
| Mar 2026 | 44.7% | 0.65 |
| Dec 2025 | 44.0% | 0.61 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| VAC Marriott Vacations Worldwide Corporation compare | 90.9% |
| RRR Red Rock Resorts, Inc. compare | 58.9% |
| CZR Caesars Entertainment, Inc. compare | 53.0% |
| BYD Boyd Gaming Corporation compare | 49.1% |
| LVS Las Vegas Sands Corp. compare | 47.5% |
| MGM MGM Resorts International | 43.6% |
| MTN Vail Resorts, Inc. compare | 41.3% |
| HGV Hilton Grand Vacations Inc. compare | 39.6% |
| WYNN Wynn Resorts, Limited compare | 0.00% |
| Resorts & Casinos industry median | 47.5% |
| Consumer Cyclical sector median | 34.3% |
| Market median | 45.1% |
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
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