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) Operating margin
MGM Resorts International's operating margin over the twelve months to 30 September 2026 was 7.04%, up 1.3 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 12.2% and above the Consumer Cyclical sector median of 3.88%.
Operating margin, annual
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Annual newest first
| 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 newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 2.82% | (8.50) |
| Jun 2026 | 11.3% | 4.56 |
| Mar 2026 | 6.76% | (0.30) |
| Dec 2025 | 7.06% | 9.72 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| RRR Red Rock Resorts, Inc. compare | 22.3% |
| LVS Las Vegas Sands Corp. compare | 20.9% |
| BYD Boyd Gaming Corporation compare | 17.8% |
| CZR Caesars Entertainment, Inc. compare | 15.4% |
| HGV Hilton Grand Vacations Inc. compare | 15.0% |
| MTN Vail Resorts, Inc. compare | 14.8% |
| WYNN Wynn Resorts, Limited compare | 14.2% |
| MGM MGM Resorts International | 7.04% |
| VAC Marriott Vacations Worldwide Corporation compare | −1.35% |
| Resorts & Casinos industry median | 12.2% |
| Consumer Cyclical sector median | 3.88% |
| 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
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