Financial Overview

Latest Annual: 2024

Income 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

Metric20242023202220212020
Revenue17.2B16.2B13.1B9.7B5.2B
Cost of Goods Sold9.4B8.6B6.7B5.0B3.5B
Gross Profit7.8B7.6B6.5B4.6B1.7B
Operating Expenses5.3B5.2B4.7B2.9B2.6B
Operating Income1.7B1.6B-1.7B568.9M-2.1B
Pre-tax Income1.1B1.5B903.8M1.5B-1.5B
Income Tax52.5M157.8M697.1M253.4M-191.6M
Net Income1.1B1.3B206.7M1.2B-1.3B
EPS (Diluted)-$3.19$3.49$2.41-$2.02

Income Statement Trend

MGM Resorts Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets4.4B4.9B8.2B6.4B6.0B
Non-Current Assets37.9B37.5B37.5B34.5B30.5B
Total Assets42.2B42.4B45.7B40.9B36.5B
Liabilities
Current Liabilities3.4B3.1B4.5B3.4B1.9B
Non-Current Liabilities35.2B34.9B35.8B26.3B23.4B
Total Liabilities38.5B38.0B40.3B29.8B25.2B
Equity
Total Shareholders Equity3.7B4.4B5.4B11.1B11.2B

Balance Sheet Composition

MGM Resorts Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income1.1B1.3B206.7M1.2B-1.3B
Operating Cash Flow2.3B2.5B4.7B931.3M943.5M
Investing Activities
Capital Expenditures13.2M465.8M1.2B106.6M6.1M
Investing Cash Flow-282.8M335.2M-977.6M-1.9B-89.9M
Financing Activities
Dividends Paid00-4.0M-4.8M-77.6M
Financing Cash Flow-1.6B-5.0B-3.0B-2.8B2.1B
Free Cash Flow1.2B1.8B991.4M882.7M-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

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
mgm10.2B16.723.6725.82%3.96%880.10
Las Vegas Sands 35.1B27.7212.9944.69%11.64%456.68
Wynn Resorts 11.6B29.70-10.72-51.73%6.17%-11.06
Boyd Gaming 6.7B13.424.9735.55%13.96%311.84
Caesars 6.2B10.421.55-3.77%-2.08%606.80
Vail Resorts 6.1B20.966.8324.16%9.81%238.86

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