MGM Resorts (MGM) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
17.2B
Gross Profit
7.8B
45.51%
Operating Income
1.7B
9.69%
Net Income
1.1B
6.18%
Balance Sheet Metrics
Total Assets
42.2B
Total Liabilities
38.5B
Shareholders Equity
3.7B
Debt to Equity
10.35
Cash Flow Metrics
Operating Cash Flow
2.3B
Free Cash Flow
1.2B
Revenue & Profitability Trend
MGM Resorts Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 17.2B | 16.2B | 13.1B | 9.7B | 5.2B |
| Cost of Goods Sold | 9.4B | 8.6B | 6.7B | 5.0B | 3.5B |
| Gross Profit | 7.8B | 7.6B | 6.5B | 4.6B | 1.7B |
| Operating Expenses | 5.3B | 5.2B | 4.7B | 2.9B | 2.6B |
| Operating Income | 1.7B | 1.6B | -1.7B | 568.9M | -2.1B |
| Pre-tax Income | 1.1B | 1.5B | 903.8M | 1.5B | -1.5B |
| Income Tax | 52.5M | 157.8M | 697.1M | 253.4M | -191.6M |
| Net Income | 1.1B | 1.3B | 206.7M | 1.2B | -1.3B |
| EPS (Diluted) | - | $3.19 | $3.49 | $2.41 | -$2.02 |
Income Statement Trend
MGM Resorts Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 4.4B | 4.9B | 8.2B | 6.4B | 6.0B |
| Non-Current Assets | 37.9B | 37.5B | 37.5B | 34.5B | 30.5B |
| Total Assets | 42.2B | 42.4B | 45.7B | 40.9B | 36.5B |
| Liabilities | |||||
| Current Liabilities | 3.4B | 3.1B | 4.5B | 3.4B | 1.9B |
| Non-Current Liabilities | 35.2B | 34.9B | 35.8B | 26.3B | 23.4B |
| Total Liabilities | 38.5B | 38.0B | 40.3B | 29.8B | 25.2B |
| Equity | |||||
| Total Shareholders Equity | 3.7B | 4.4B | 5.4B | 11.1B | 11.2B |
Balance Sheet Composition
MGM Resorts Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 1.1B | 1.3B | 206.7M | 1.2B | -1.3B |
| Operating Cash Flow | 2.3B | 2.5B | 4.7B | 931.3M | 943.5M |
| Investing Activities | |||||
| Capital Expenditures | 13.2M | 465.8M | 1.2B | 106.6M | 6.1M |
| Investing Cash Flow | -282.8M | 335.2M | -977.6M | -1.9B | -89.9M |
| Financing Activities | |||||
| Dividends Paid | 0 | 0 | -4.0M | -4.8M | -77.6M |
| Financing Cash Flow | -1.6B | -5.0B | -3.0B | -2.8B | 2.1B |
| Free Cash Flow | 1.2B | 1.8B | 991.4M | 882.7M | -1.8B |
Cash Flow Trend
MGM Resorts Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
16.72
Forward P/E
16.28
Price to Book
3.67
Price to Sales
0.59
PEG Ratio
16.28
Profitability Ratios
Profit Margin
3.96%
Operating Margin
9.67%
Return on Equity
25.82%
Return on Assets
2.35%
Financial Health
Current Ratio
1.31
Debt to Equity
880.10
Beta
1.77
Per Share Data
EPS (TTM)
$2.24
Book Value per Share
$10.20
Revenue per Share
$57.29
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| mgm | 10.2B | 16.72 | 3.67 | 25.82% | 3.96% | 880.10 |
| Las Vegas Sands | 35.1B | 27.72 | 12.99 | 44.69% | 11.64% | 456.68 |
| Wynn Resorts | 11.6B | 29.70 | -10.72 | -51.73% | 6.17% | -11.06 |
| Boyd Gaming | 6.7B | 13.42 | 4.97 | 35.55% | 13.96% | 311.84 |
| Caesars | 6.2B | 10.42 | 1.55 | -3.77% | -2.08% | 606.80 |
| Vail Resorts | 6.1B | 20.96 | 6.83 | 24.16% | 9.81% | 238.86 |
Financial data is updated regularly. All figures are in the company's reporting currency.