Saturday 17 October 2026 Export MGM’s income statement to Excel — free account

MGM Resorts International

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.

28.48 1.00 −3.39%

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Market cap: $7.4B
P/E: 17.0×
Fwd P/E: 22.8×
Dividend yield: —
F-score: 6/9
Altman Z: 0.76
Beneish M: −2.73
Dividend safety: 42/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Impairment Jul 29, 2026

All filings →

Insider Decisions trades per month

Total buys 77.11

Total sells 1.54

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	1	—	—	—	—	—	—	—
Sell	—	—	—	—	1	—	1	—	—	—	—	—

Insider Ownership 28.69%

Capital & Financial Ratios $m

Market Cap 7,420.00

Revenue 17,761.44

Net Income 673.63

Free Cash Flow 2,014.15

Net Debt 3,521.06

Current Ratio 1.34

Debt/Equity 1.80

P/E ratio 16.95

Fwd P/E 22.80

P/S ratio 0.41

P/B ratio 2.15

Past 5Y EPS Growth —

This Y EPS Growth (45.35%)

Next Y EPS Growth 3.18%

Next Y revenue growth 0.79%

Next 5Y EPS Growth (13.47%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 61.02%

10-year low 10-year high

P/S against its own 10 years 0.22%

10-year low 10-year high

P/B against its own 10 years 62.99%

10-year low 10-year high

EV/Sales against its own 10 years 0.04%

10-year low 10-year high

EV/FCF against its own 10 years 2.59%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	0.01	0.00 0.00 0.00 0.00
2021	0.01	0.00 0.00 0.00 0.00
2020	0.16	0.15 0.00 0.00 0.00
2019	0.52	0.13 0.13 0.13 0.13
2018	0.48	0.12 0.12 0.12 0.12
2017	0.44	0.11 0.11 0.11 0.11

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	2,928	2,416	2,063	2,547
Receivables	1,071	1,329	1,343	1,220
Inventory	142	141	125	123
Other	—	—	315	—
	4,911	4,364	4,332	4,404

	2023	2024	2025	Q'26
Payables	462	413	422	423
ST’ Debt	—	—	—	—
Other	—	—	26	—
	3,126	3,352	3,512	3,299

Compound Annual Growth %

	10y	5y	3y
Sales	6.68%	27.71%	10.14%
Cash Flow	9.67%	0.00%	12.93%
Earnings	0.00%	0.00%	(48.11%)
Book Value	(8.33%)	(21.87%)	(14.52%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	4,455	4,451	—	—	—
’25	4,277	4,405	4,250	4,605	17,538
’24	4,383	4,327	4,183	4,347	17,241
’23	3,873	3,942	3,973	4,376	16,164
’22	2,854	3,265	3,416	3,592	13,127
’21	1,648	2,268	2,708	3,057	9,680
’20	2,253	290	1,126	1,494	5,162

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	568	559	—	—	—
’25	547	646	681	655	2,529
’24	549	474	667	672	2,362
’23	704	577	694	716	2,691
’22	420	512	401	423	1,756
’21	(88)	456	518	487	1,373
’20	(423)	(663)	(164)	(243)	(1,493)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	419	824	—	—	—
’25	319	377	406	365	1,468
’24	378	237	333	277	1,225
’23	1,022	331	485	386	2,225
’22	322	383	182	1,271	2,158
’21	(166)	360	380	415	989
’20	(496)	(730)	(201)	(331)	(1,757)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.48	1.11	—	—	—
’25	0.51	0.18	(1.05)	1.11	0.76
’24	0.67	0.60	0.61	0.52	2.40
’23	1.24	0.55	0.46	0.92	3.19
’22	(0.06)	4.20	(1.45)	0.69	3.49
’21	(0.69)	0.14	2.77	0.23	2.41
’20	1.64	(1.67)	(1.08)	(0.92)	(2.02)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	16.18	25.15	21.62	23.68	5.90	27.81	26.41	33.23	33.28	25.30	Analyst estimates 2026–2028 Powerpack
	High	30.62	34.65	38.41	33.87	34.64	51.17	49.00	51.35	48.25	41.32
People
People	Employees	69,000	68,000	72,000	70,000	52,000	69,000	64,000	63,000	63,000	62,000
	Revenue/emp, $m	0.14	0.16	0.16	0.18	0.10	0.14	0.21	0.26	0.27	0.28
Income, $m
Income, $m	Revenue	9,478	10,797	11,763	12,900	5,162	9,680	13,127	16,164	17,241	17,538
	Gross margin, %	41.75	42.64	26.18	41.06	33.11	48.03	49.32	47.08	45.51	44.42
	EBT	1,258	961	634	2,847	(1,511)	1,462	904	1,473	1,117	281
	EBT margin, %	13.27	8.90	5.39	22.07	(29.28)	15.10	6.88	9.11	6.48	1.60
	Net income	1,236	2,088	584	2,214	(1,320)	1,208	207	1,315	1,065	521
	Depreciation	890	1,026	1,219	1,344	1,245	1,191	3,515	842	858	1,323
Per share, $
Per share, $	Revenue	16.68	18.87	21.61	24.61	10.45	20.09	32.08	45.54	56.08	63.76
	Earnings	1.94	3.41	0.82	3.90	(2.02)	2.44	3.52	3.22	2.42	0.77
	Cash flow	2.70	3.86	3.17	3.45	(3.02)	2.85	4.29	7.58	7.69	9.20
	Capex	(3.98)	(3.26)	(2.68)	(1.40)	(0.54)	(0.80)	0.98	(1.31)	(3.70)	(3.86)
	Free cash flow	(1.28)	0.60	0.48	2.05	(3.56)	2.05	5.27	6.27	3.99	5.34
	Book value	17.55	20.29	19.24	24.16	22.62	22.78	12.73	12.21	11.99	11.83
	Shares, m	568	572	544	524	494	482	409	355	307	275
Valuation, ×
Valuation, ×	P/E	15.20	9.74	30.33	8.34	0.00	18.02	9.73	14.21	14.38	47.39
	P/S	1.77	1.78	1.12	1.35	3.02	2.23	1.04	1.00	0.62	0.57
	P/B	1.68	1.65	1.26	1.38	1.39	1.97	2.61	3.72	2.89	3.08
	EV/Sales	2.98	2.83	2.28	2.04	4.45	3.02	1.25	1.22	0.89	0.85
	EV/FCF	(39.04)	89.16	102.59	24.56	(13.06)	29.51	7.61	8.84	12.47	10.14
Cash, $m
Cash, $m	Operating cash flow	1,534	2,206	1,723	1,810	(1,493)	1,373	1,756	2,691	2,362	2,529
	Capex	(2,259)	(1,863)	(1,461)	(736)	(264)	(384)	401	(466)	(1,137)	(1,062)
	Free cash flow	(725)	343	261	1,074	(1,757)	989	2,158	2,225	1,225	1,468
Balance, $m
Balance, $m	Working capital	(64)	(762)	(422)	816	4,094	2,974	3,639	1,785	1,012	820
	Total debt	12,988	12,909	15,131	11,264	12,489	12,771	8,719	6,344	6,362	6,230
	Net debt	11,541	11,409	13,605	8,934	7,387	7,568	2,807	3,416	3,947	4,167
	Shareholders’ equity	9,969	11,611	10,470	12,663	11,180	10,977	5,210	4,334	3,685	3,255
Returns, %
Returns, %	ROA	4.12	6.75	1.50	6.39	(2.94)	3.24	3.40	2.59	1.76	0.49
	ROIC	6.04	4.65	3.81	11.40	(2.16)	7.68	11.22	15.25	12.21	8.44
	ROE	12.41	17.92	4.03	17.72	(8.66)	11.32	18.20	23.93	18.62	5.93

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LVS Las Vegas Sands Corp.	$24.8B	14.7×	15.8×	−0.66% (below 0%: shrinking)	−19.70% (below 0%: shrinking)	+426.85% (above 0%: growing)	46.92%	19.59%	Compare
WYNN Wynn Resorts, Limited	$7.9B	17.3×	22.7×	+6.86% (above 0%: growing)	+114.06% (above 0%: growing)	+41.56% (above 0%: growing)	40.87%	16.03%	Compare
MGM MGM Resorts International	$7.4B	17.0×	22.8×	+1.05% (above 0%: growing)	+522.22% (above 0%: growing)	+118.40% (above 0%: growing)	44.47%	11.32%
CZR Caesars Entertainment, Inc.	$6.0B	— (loss-making)	— (loss-making)	+2.96% (above 0%: growing)	n/m	+29.79% (above 0%: growing)	53.26%	17.14%	Compare
MTN Vail Resorts, Inc.	$5.5B	39.1×	19.3×	+2.50% (above 0%: growing)	n/m	+29.42% (above 0%: growing)	(8.85%)	(75.09%)	Compare
RRR Red Rock Resorts, Inc.	$5.3B	17.0×	34.7×	−3.04% (below 0%: shrinking)	−29.17% (below 0%: shrinking)	−76.90% (below 0%: shrinking)	61.83%	26.65%	Compare
BYD Boyd Gaming Corporation	$5.2B	3.1×	13.2×	+0.04% (above 0%: growing)	−4.89% (below 0%: shrinking)	−235.57% (below 0%: shrinking)	50.29%	19.40%	Compare
VAC Marriott Vacations Worldwide Corporation	$3.9B	— (loss-making)	14.5×	+5.94% (above 0%: growing)	+11.62% (above 0%: growing)	+123.53% (above 0%: growing)	90.83%	12.20%	Compare
HGV Hilton Grand Vacations Inc.	$2.8B	19.9×	9.8×	+7.27% (above 0%: growing)	−42.31% (below 0%: shrinking)	+318.52% (above 0%: growing)	36.75%	6.70%	Compare
Median of peers	$5.4B	17.1×	15.8×	+2.73%	−12.29%	+35.68%	48.61%	16.59%

All 18 Resorts & Casinos stocks →

MGM Resorts International (MGM) key facts

Concern: Net income was $520.9 million, or $0.77 per share (basic), a net margin of 1.17%.
Strength: MGM Resorts International’s revenue for fiscal 2025 (year ended December 2025) was $17.5 billion, up 1.72% from fiscal 2024.
MGM Resorts International (MGM) is a Resorts & Casinos company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
As of October 16, 2026, MGM traded at $28.48, a market capitalization of $7.4 billion.
At that price the stock trades at 17.0× trailing-twelve-month earnings and 0.4× sales; its P/E is higher than 61% of its own readings over the past ten years.
Return on equity was 5.93% and debt-to-equity 1.80.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.76 (distress zone) for fiscal 2025.