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) Operating margin

MGM Resorts International's operating margin over the twelve months to 30 June 2026 was 5.73%, up 0.0 percentage points from fiscal 2025 (5.71%). Over the past ten years it has ranged from −12.5% (fiscal 2020) to 30.6% (fiscal 2019); the current reading is higher than 27% of that period. That is below the Resorts & Casinos industry median of 10.4% and above the Consumer Cyclical sector median of 3.34%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 5.71% (2.94)
FY2024 8.65% (3.05)
FY2023 11.7% 0.74
FY2022 11.0% (12.58)
FY2021 23.5% 35.99
FY2020 −12.5% (43.00)
FY2019 30.6% 18.06
FY2018 12.5% (3.37)
FY2017 15.9% (6.07)
FY2016 21.9% 23.63

Quarterly

Period Operating margin Change (points)
Jun 2026 11.3% 4.56
Mar 2026 6.76% (0.30)
Dec 2025 7.06% 9.72
Sep 2025 −2.66% (11.84)
42 more quarters

Against its own ten years

Low −12.5% High 30.6%
Ten-year median 11.7%
Current reading's percentile 27

Operating margin against peers

Company Operating margin
RRR Red Rock Resorts, Inc. compare 27.7%
LVS Las Vegas Sands Corp. compare 21.5%
BYD Boyd Gaming Corporation compare 16.4%
CZR Caesars Entertainment, Inc. compare 15.9%
WYNN Wynn Resorts, Limited compare 15.7%
MTN Vail Resorts, Inc. compare 15.2%
HGV Hilton Grand Vacations Inc. compare 9.89%
MGM MGM Resorts International 5.73%
VAC Marriott Vacations Worldwide Corporation compare −3.27%
Resorts & Casinos industry median 10.4%
Consumer Cyclical sector median 3.34%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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