MGM Resorts International | Mid-cap | Consumer Cyclical
$31.28
-3.61%
| MGM Resorts Stock Comparison:
MGM Resorts vs Las Vegas SandsMGM Resorts vs Wynn ResortsMGM Resorts vs Boyd GamingMGM Resorts vs Red Rock ResortsMGM Resorts vs Vail ResortsMGM Resorts vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 4.4B
Gross Profit 2.0B 44.48%
Operating Income 379.7M 8.62%
Net Income 118.1M 2.68%
EPS (Diluted) $0.18

Balance Sheet Metrics

Total Assets 41.9B
Total Liabilities 38.3B
Shareholders Equity 3.6B
Debt to Equity 10.57

Cash Flow Metrics

Operating Cash Flow 738.3M
Free Cash Flow 319.0M

Revenue & Profitability Trend

MGM Resorts Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 17.2B 16.2B 13.1B 9.7B 5.2B
Cost of Goods Sold i 9.4B 8.6B 6.7B 5.0B 3.5B
Gross Profit i 7.8B 7.6B 6.5B 4.6B 1.7B
Gross Margin % i 45.5% 47.1% 49.3% 48.0% 33.1%
Operating Expenses
Research & Development i - - - - -
Selling, General & Administrative i 4.8B 4.7B 4.2B 2.5B 2.1B
Other Operating Expenses i 520.2M 512.4M 479.1M 422.8M 460.1M
Total Operating Expenses i 5.3B 5.2B 4.7B 2.9B 2.6B
Operating Income i 1.7B 1.6B -1.7B 568.9M -2.1B
Operating Margin % i 9.7% 9.8% -13.1% 5.9% -40.4%
Non-Operating Items
Interest Income i - - - - -
Interest Expense i 443.2M 460.3M 595.0M 799.6M 676.4M
Other Non-Operating Income -110.1M 349.6M 3.2B 1.7B 1.2B
Pre-tax Income i 1.1B 1.5B 903.8M 1.5B -1.5B
Income Tax i 52.5M 157.8M 697.1M 253.4M -191.6M
Effective Tax Rate % i 4.7% 10.7% 77.1% 17.3% 0.0%
Net Income i 1.1B 1.3B 206.7M 1.2B -1.3B
Net Margin % i 6.2% 8.1% 1.6% 12.5% -25.6%
Key Metrics
EBITDA i 2.4B 2.4B 1.7B 1.8B -1.0B
EPS (Basic) i $2.42 $3.22 $3.52 $2.44 $-2.02
EPS (Diluted) i $2.40 $3.19 $3.49 $2.41 $-2.02
Basic Shares Outstanding i 307408000 354926000 409201000 481930000 494152000
Diluted Shares Outstanding i 307408000 354926000 409201000 481930000 494152000

Income Statement Trend

MGM Resorts Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 2.4B 2.9B 5.9B 4.7B 5.1B
Short-term Investments i - - - - -
Accounts Receivable i 1.1B 929.1M 852.1M 583.9M 316.5M
Inventory i 140.6M 141.7M 126.1M 96.4M 88.3M
Other Current Assets 478.6M 770.5M 583.1M 259.0M 200.8M
Total Current Assets i 4.4B 4.9B 8.2B 6.4B 6.0B
Non-Current Assets
Property, Plant & Equipment i 23.8B 24.1B 24.7B 11.6B 8.5B
Goodwill i 12.0B 12.1B 11.6B 10.6B 7.8B
Intangible Assets i 1.7B 1.7B 1.6B 3.6B 3.6B
Long-term Investments - - - - -
Other Non-Current Assets 898.6M 849.9M 1.0B 490.2M 443.4M
Total Non-Current Assets i 37.9B 37.5B 37.5B 34.5B 30.5B
Total Assets i 42.2B 42.4B 45.7B 40.9B 36.5B
Liabilities
Current Liabilities
Accounts Payable i 412.7M 461.7M 369.8M 286.2M 142.5M
Short-term Debt i 172.2M 84.2M 1.4B 1.1B 112.0M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - 539.8M 14.1M 32.2M
Total Current Liabilities i 3.4B 3.1B 4.5B 3.4B 1.9B
Non-Current Liabilities
Long-term Debt i 31.4B 31.5B 32.6B 23.6B 20.8B
Deferred Tax Liabilities i 2.8B 2.9B 3.0B 2.4B 2.2B
Other Non-Current Liabilities 910.1M 542.7M 256.3M 319.9M 472.1M
Total Non-Current Liabilities i 35.2B 34.9B 35.8B 26.3B 23.4B
Total Liabilities i 38.5B 38.0B 40.3B 29.8B 25.2B
Equity
Common Stock i 2.9M 3.3M 3.8M 4.5M 4.9M
Retained Earnings i 3.1B 3.7B 4.8B 4.3B 3.1B
Treasury Stock i - - - - -
Other Equity - - - - -
Total Shareholders Equity i 3.7B 4.4B 5.4B 11.1B 11.2B
Key Metrics
Total Debt i 31.6B 31.6B 34.0B 24.7B 20.9B
Working Capital i 1.0B 1.8B 3.6B 3.0B 4.1B

Balance Sheet Composition

MGM Resorts Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 1.1B 1.3B 206.7M 1.2B -1.3B
Depreciation & Amortization i 831.1M 814.1M 3.5B 1.2B 1.2B
Stock-Based Compensation i 80.2M 73.6M 71.3M 65.2M 107.0M
Working Capital Changes i -289.2M -206.3M -41.2M -263.5M 758.6M
Operating Cash Flow i 2.3B 2.5B 4.7B 931.3M 943.5M
Investing Activities
Capital Expenditures i 13.2M 465.8M 1.2B 106.6M 6.1M
Acquisitions i -296.0M -283.1M -2.1B -2.0B -96.9M
Investment Purchases i - - - - -
Investment Sales i - - - - -
Investing Cash Flow i -282.8M 335.2M -977.6M -1.9B -89.9M
Financing Activities
Share Repurchases i -1.4B -2.3B -2.8B -1.8B -353.7M
Dividends Paid i 0 0 -4.0M -4.8M -77.6M
Debt Issuance i 2.1B 0 0 749.8M 4.9B
Debt Repayment i -2.2B -1.3B -1.1B 0 -846.8M
Financing Cash Flow i -1.6B -5.0B -3.0B -2.8B 2.1B
Free Cash Flow i 1.2B 1.8B 991.4M 882.7M -1.8B
Net Change in Cash i 421.3M -2.2B 649.4M -3.7B 3.0B

Cash Flow Trend

MGM Resorts Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 18.10
Forward P/E 14.40
Price to Book 3.03
Price to Sales 0.54
PEG Ratio -0.26

Profitability Ratios

Profit Margin 3.14%
Operating Margin 8.60%
Return on Equity 21.79%
Return on Assets 2.21%

Financial Health

Current Ratio 1.22
Debt to Equity 844.04
Beta 1.67

Per Share Data

EPS (TTM) $1.83
Book Value per Share $10.93
Revenue per Share $59.44

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
mgm 9.0B 18.10 3.03 21.79% 3.14% 844.04
Las Vegas Sands 36.6B 26.40 18.04 54.15% 12.16% 693.25
Wynn Resorts 12.8B 36.36 -10.57 -51.73% 5.51% -10.07
Boyd Gaming 6.7B 12.94 4.83 36.23% 14.02% 305.14
Red Rock Resorts 6.1B 19.65 16.61 129.06% 8.89% 1,149.62
Vail Resorts 5.7B 20.54 13.07 33.50% 9.45% 456.85

Financial data is updated regularly. All figures are in the company's reporting currency.