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.
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MGM Resorts International (MGM) Return on invested capital
MGM Resorts International's return on invested capital over the twelve months to 30 June 2026 was 9.23%, up 0.8 percentage points from fiscal 2025 (8.44%). Over the past ten years it has ranged from −2.16% (fiscal 2020) to 15.3% (fiscal 2023); the current reading is higher than 64% of that period. That is above the Resorts & Casinos industry median of 5.61% and above the Consumer Cyclical sector median of 2.95%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 8.44% | (3.77) |
| FY2024 | 12.2% | (3.04) |
| FY2023 | 15.3% | 4.03 |
| FY2022 | 11.2% | 3.54 |
| FY2021 | 7.68% | 9.84 |
| FY2020 | −2.16% | (13.56) |
| FY2019 | 11.4% | 7.59 |
| FY2018 | 3.81% | (0.84) |
| FY2017 | 4.65% | (1.39) |
| FY2016 | 6.04% | 6.56 |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| LVS Las Vegas Sands Corp. compare | 14.4% |
| WYNN Wynn Resorts, Limited compare | 9.44% |
| MGM MGM Resorts International | 9.23% |
| RRR Red Rock Resorts, Inc. compare | 9.19% |
| BYD Boyd Gaming Corporation compare | 8.77% |
| MTN Vail Resorts, Inc. compare | 7.60% |
| CZR Caesars Entertainment, Inc. compare | 7.36% |
| HGV Hilton Grand Vacations Inc. compare | 3.86% |
| VAC Marriott Vacations Worldwide Corporation compare | −1.51% |
| Resorts & Casinos industry median | 5.61% |
| Consumer Cyclical sector median | 2.95% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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