What is MGM RESORTS INTERNATIONAL's earnings per share (EPS)?

MGM RESORTS INTERNATIONAL (MGM) reported diluted earnings per share of $0.76 for fiscal year 2025. This represents a -68.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

MGM RESORTS INTERNATIONAL (MGM) Financials

MGM

Trailing 12 months to June 30, 2026

Revenue $17.8B +3.2% YoY

Net Income $425.9M -21.1% YoY

EPS (Diluted) $1.62 -11.0% YoY

Free Cash Flow $1.5B +15.4% YoY

Market Cap $7.4B as of Oct 10, 2026

Price / Sales 0.4x on $17.8B revenue, trailing 12 months to June 30, 2026

Price / Earnings 17.3x on $425.9M net income, trailing 12 months to June 30, 2026

Price / Book 2.9x on $2.5B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 29, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MGM SEC filings page.

MGM RESORTS INTERNATIONAL (MGM) reported $17.8B in revenue over the twelve months to Jun 30, 2026, up 3.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MGM FY2025 2026-10-03

Revenue has plateaued while profitability eroded, leaving a capital-intensive business with rising leverage and cash flow stronger than reported earnings.

Revenue reached $17.5B in FY2025, only modestly above FY2023, while operating margin more than halved to 5.7%. Net margin fell to 1.2%, showing that additional sales are no longer translating proportionally into bottom-line earnings.

FY2025 operating cash flow was $2.5B versus net income of $206M, showing that cash generation materially exceeded accounting profit. After $1.1B of capital spending, free cash flow remained $1.5B, so reinvestment consumed less than the cash produced by operations.

Debt-to-equity rose to 2.6x in FY2025 from 1.7x in FY2023 as equity shrank, making the balance sheet more debt-dependent. The current ratio fell to 1.2x, while long-term debt remained $6.2B, leaving a thinner short-term asset cushion.

Financial Health Signals

Financial Health Score 47/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of MGM RESORTS INTERNATIONAL's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

MGM RESORTS INTERNATIONAL has an operating margin of 5.7%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 59/100, indicating healthy but not exceptional operating efficiency. This is down from 8.6% the prior year.

Growth

MGM RESORTS INTERNATIONAL's revenue grew a modest 1.7% year-over-year to $17.5B. This slow but positive growth earns a score of 46/100.

Leverage

MGM RESORTS INTERNATIONAL has a moderate D/E ratio of 2.56. This balance of debt and equity financing earns a leverage score of 31/100.

Liquidity

MGM RESORTS INTERNATIONAL's current ratio of 1.23 indicates adequate short-term liquidity, earning a score of 30/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

MGM RESORTS INTERNATIONAL has a free cash flow margin of 8.3%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

MGM RESORTS INTERNATIONAL's ROE of 8.5% shows moderate profitability relative to equity, earning a score of 52/100. This is down from 24.7% the prior year.

Altman Z-Score Distress

0.71

MGM RESORTS INTERNATIONAL scores 0.71, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

6/8

MGM RESORTS INTERNATIONAL passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

12.29x

For every $1 of reported earnings, MGM RESORTS INTERNATIONAL generates $12.29 in operating cash flow ($2.5B OCF vs $205.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.39x

MGM RESORTS INTERNATIONAL earns $2.39 in operating income for every $1 of interest expense ($1.0B vs $419.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.5B

YoY+1.0%

QoQ-0.1%

5Y CAGR+14.4%

10Y CAGR+6.9%

MGM RESORTS INTERNATIONAL generated $4.5B in revenue in Q2 2026. This represents an increase of 1.0% from the same quarter a year earlier. Against the prior quarter it is down 0.1%.

EBITDA

$786.0M

YoY+21.6%

QoQ+39.1%

5Y CAGR+7.5%

10Y CAGR-2.2%

MGM RESORTS INTERNATIONAL's EBITDA was $786.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.6% from the same quarter a year earlier. Against the prior quarter it is up 39.1%.

Net Income

$292.4M

YoY+497.4%

QoQ+133.7%

5Y CAGR+22.8%

10Y CAGR-4.7%

MGM RESORTS INTERNATIONAL reported $292.4M in net income in Q2 2026. This represents an increase of 497.4% from the same quarter a year earlier. Against the prior quarter it is up 133.7%.

EPS (Diluted)

$1.11

YoY+516.7%

QoQ+131.3%

5Y CAGR+51.3%

10Y CAGR+2.9%

MGM RESORTS INTERNATIONAL earned $1.11 per diluted share (EPS) in Q2 2026. This represents an increase of 516.7% from the same quarter a year earlier. Against the prior quarter it is up 131.3%.

Cash & Balance Sheet

Free Cash Flow

$317.4M

YoY-15.9%

QoQ-23.2%

5Y CAGR-2.0%

MGM RESORTS INTERNATIONAL generated $317.4M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 15.9% from the same quarter a year earlier. Against the prior quarter it is down 23.2%.

Cash & Debt

$2.5B

YoY+30.1%

QoQ+11.1%

5Y CAGR-14.7%

10Y CAGR+0.2%

MGM RESORTS INTERNATIONAL held $2.5B in cash against $6.1B in long-term debt as of Q2 2026.

Shares Outstanding

252M

YoY-7.6%

QoQ-1.7%

5Y CAGR-12.2%

10Y CAGR-7.8%

MGM RESORTS INTERNATIONAL had 252M shares outstanding in Q2 2026. This represents a decrease of 7.6% from the same quarter a year earlier. Against the prior quarter it is down 1.7%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Operating Margin

11.3%

YoY+2.1pp

QoQ+4.6pp

5Y change-0.3pp

10Y change-22.5pp

MGM RESORTS INTERNATIONAL's operating margin was 11.3% in Q2 2026, reflecting core business profitability. This is up 2.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.6 percentage points.

Net Margin

6.6%

YoY+5.5pp

QoQ+3.8pp

5Y change+1.9pp

10Y change-14.3pp

MGM RESORTS INTERNATIONAL's net profit margin was 6.6% in Q2 2026, showing the share of revenue converted to profit. This is up 5.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.8 percentage points.

Return on Equity

11.6%

YoY+10.0pp

QoQ+6.5pp

5Y change+9.9pp

10Y change+3.0pp

MGM RESORTS INTERNATIONAL's ROE was 11.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 10.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.5 percentage points.

Gross Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$173.6M

YoY-23.8%

QoQ+95.3%

5Y CAGR-4.7%

MGM RESORTS INTERNATIONAL spent $173.6M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 23.8% from the same quarter a year earlier. Against the prior quarter it is up 95.3%.

Capital Expenditures

$241.4M

YoY-10.1%

QoQ+56.1%

5Y CAGR+18.2%

10Y CAGR-7.8%

MGM RESORTS INTERNATIONAL invested $241.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 10.1% from the same quarter a year earlier. Against the prior quarter it is up 56.1%.

R&D Spending

Not reported for Q2 2026.

MGM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MGM quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$17.8B	$17.5B+1.7%	$17.2B+6.7%	$16.2B+23.1%	$13.1B+35.6%	$9.7B+87.5%	$5.2B-60.0%	$12.9B+9.7%	$11.8B+8.9%	$10.8B+13.9%	$9.5B+3.3%	$9.2B-9.0%	$10.1B+2.8%	$9.8B+7.1%	$9.2B+16.7%	$7.8B
SG&A Expenses	$5.0B	$4.9B+1.1%	$4.8B+2.7%	$4.7B+11.2%	$4.2B+68.6%	$2.5B+18.1%	$2.1B+1.0%	$2.1B+19.1%	$1.8B+13.1%	$1.6B+13.1%	$1.4B+5.3%	$1.3B-0.7%	$1.3B+3.2%	$1.3B+3.1%	$1.2B+4.8%	$1.2B
Operating Income	$1.0B	$1.0B-32.8%	$1.5B-21.2%	$1.9B+31.4%	$1.4B-36.8%	$2.3B+454.7%	-$642.4M-116.3%	$3.9B+168.1%	$1.5B-14.2%	$1.7B-17.6%	$2.1B+1459.7%	-$152.8M-111.5%	$1.3B+16.4%	$1.1B+837.2%	$121.4M-97.0%	$4.1B
EBITDA	N/A	$2.0B-13.0%	$2.3B-14.2%	$2.7B-45.0%	$4.9B+43.5%	$3.4B+503.6%	$568.1M-89.2%	$5.2B+98.1%	$2.6B-2.2%	$2.7B-7.6%	$2.9B+338.9%	$667.0M-68.8%	$2.1B+7.7%	$2.0B+89.4%	$1.0B-78.5%	$4.9B
Interest Expense	$409.0M	$419.0M-5.5%	$443.2M-3.7%	$460.3M-22.6%	$595.0M-25.6%	$799.6M+18.2%	$676.4M-20.2%	$847.9M+10.2%	$769.5M+15.1%	$668.7M-3.7%	$694.8M-12.9%	$797.6M-2.4%	$817.1M-4.7%	$857.3M-23.2%	$1.1B+2.7%	$1.1B
Income Tax	-$177.6M	-$240.1M-557.7%	$52.5M-66.8%	$157.8M-77.4%	$697.1M+175.1%	$253.4M+232.3%	-$191.6M-130.3%	$632.3M+1161.9%	$50.1M+104.4%	-$1.1B-5285.1%	$21.7M+502.3%	-$5.4M-101.9%	$283.7M+1262.9%	$20.8M+117.7%	-$117.3M+70.9%	-$403.3M
Net Income	$425.9M	$205.9M-72.4%	$746.6M-34.6%	$1.1B-22.5%	$1.5B+17.4%	$1.3B+221.5%	-$1.0B-150.4%	$2.0B+339.0%	$466.8M-76.1%	$2.0B+77.4%	$1.1B+347.0%	-$445.5M-197.3%	-$149.9M+12.7%	-$171.7M+90.3%	-$1.8B-156.8%	$3.1B
EPS (Basic)	N/A	$0.77-68.2%	$2.42-24.8%	$3.22-8.5%	$3.52+44.3%	$2.44+220.8%	-$2.02-151.8%	$3.90+375.6%	$0.82-75.7%	$3.38+74.2%	$1.94+336.6%	-$0.82-164.5%	-$0.31+11.4%	-$0.35+90.3%	-$3.62-156.8%	$6.37
EPS (Diluted)	$1.62	$0.76-68.3%	$2.40-24.8%	$3.19-8.6%	$3.49+44.8%	$2.41+219.3%	-$2.02-152.1%	$3.88+379.0%	$0.81-75.7%	$3.34+74.0%	$1.92+334.1%	-$0.82-164.5%	-$0.31+11.4%	-$0.35+90.3%	-$3.62-164.4%	$5.62
Diluted Shares (Avg)	N/A	277M-10.6%	310M-13.5%	359M-13.2%	413M-15.3%	487M-1.4%	494M-6.3%	528M-4.0%	550M-5.1%	579M+1.0%	573M+5.6%	543M+10.6%	491M+0.2%	490M+0.1%	489M-12.8%	561M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$4.5B+1.0%	$4.5B+4.2%	$4.6B+6.0%	$4.3B+1.6%	$4.4B+1.8%	$4.3B-2.4%	$4.3B-0.7%	$4.2B+5.3%
SG&A Expenses	$1.3B+4.1%	$1.3B+10.1%	$1.3B+1.3%	$1.2B+5.4%	$1.2B+0.2%	$1.2B-2.5%	$1.2B+1.2%	$1.2B-1.3%
Operating Income	$503.6M+24.5%	$301.2M-21.8%	$325.0M+11.5%	-$112.9M-135.8%	$404.6M-5.0%	$385.1M-16.0%	$291.6M-30.5%	$314.9M-14.9%
EBITDA	$786.0M+21.6%	$565.0M-9.1%	$603.7M+20.5%	$147.9M-73.0%	$646.5M+4.7%	$621.5M-5.1%	$500.8M-19.8%	$548.2M-4.1%
Interest Expense	$102.1M-3.3%	$100.7M-6.1%	$103.9M-4.3%	$102.3M-8.6%	$105.6M-6.3%	$107.3M-2.5%	$108.6M+1.6%	$111.9M+0.6%
Income Tax	$90.7M+479.3%	$27.5M-31.4%	-$282.9M-777.9%	-$12.9M-124.5%	$15.7M+235.6%	$40.1M-8.3%	-$32.2M+45.8%	$52.6M+322.6%
Net Income	$292.4M+497.4%	$125.1M-15.8%	$293.6M+86.5%	-$285.3M-254.5%	$49.0M-73.8%	$148.6M-31.7%	$157.4M-49.8%	$184.6M+14.6%
EPS (Basic)	$1.12+522.2%	$0.49-5.8%	$1.09+109.6%	-$1.05-272.1%	$0.18-70.0%	$0.52-23.5%	$0.52-43.5%	$0.61+32.6%
EPS (Diluted)	$1.11+516.7%	$0.48-5.9%	$1.08+107.7%	-$1.05-272.1%	$0.18-70.0%	$0.51-23.9%	$0.52-42.9%	$0.61+32.6%
Diluted Shares (Avg)	258M-6.5%	259M-10.5%	N/A	273M-10.2%	276M-12.3%	289M-10.7%	N/A	303M-13.6%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

MGM Balance Sheet

MGM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$41.4B-2.0%	$42.2B-0.3%	$42.4B-7.3%	$45.7B+11.7%	$40.9B+12.1%	$36.5B+7.7%	$33.9B+12.1%	$30.2B+3.6%	$29.2B+3.5%	$28.2B+11.7%	$25.2B-5.2%	$26.6B+2.0%	$26.1B-0.8%	$26.3B-5.3%	$27.8B
Current Assets	$4.3B-0.7%	$4.4B-11.1%	$4.9B-39.8%	$8.2B+27.1%	$6.4B+7.8%	$6.0B+48.5%	$4.0B+58.6%	$2.5B+6.3%	$2.4B+6.5%	$2.2B-7.3%	$2.4B-20.4%	$3.0B+11.3%	$2.7B+8.5%	$2.5B-10.9%	$2.8B
Cash & Equivalents	$2.1B-14.6%	$2.4B-17.5%	$2.9B-50.5%	$5.9B+25.7%	$4.7B-7.8%	$5.1B+119.0%	$2.3B+52.6%	$1.5B+1.8%	$1.5B+3.7%	$1.4B-13.4%	$1.7B-2.5%	$1.7B-5.0%	$1.8B+16.9%	$1.5B-17.3%	$1.9B
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$124.5M-11.4%	$140.6M-0.8%	$141.7M+12.4%	$126.1M+30.8%	$96.4M+9.1%	$88.3M-14.2%	$102.9M-7.2%	$110.8M+8.3%	$102.3M+4.7%	$97.7M-6.2%	$104.2M+0.2%	$104.0M-3.6%	$107.9M+0.3%	$107.6M-4.6%	$112.7M
Accounts Receivable	$1.1B+4.8%	$1.1B+15.3%	$929.1M+9.0%	$852.1M+45.9%	$583.9M+84.5%	$316.5M-48.3%	$612.7M-6.8%	$657.2M+21.2%	$542.3M-0.5%	$545.1M+13.4%	$480.6M+1.5%	$473.3M-3.0%	$488.2M	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$4.9B-4.7%	$5.1B-0.4%	$5.2B+2.7%	$5.0B+44.5%	$3.5B+66.5%	$2.1B+0.3%	$2.1B+14.4%	$1.8B+0.8%	$1.8B-0.6%	$1.8B+27.0%	$1.4B-50.6%	$2.9B0.0%	$2.9B-0.2%	$2.9B+0.2%	$2.9B
Total Liabilities	$38.1B-1.1%	$38.5B+1.3%	$38.0B-7.0%	$40.9B+17.3%	$34.8B+16.1%	$30.0B+42.1%	$21.1B+7.5%	$19.6B+12.4%	$17.5B-3.9%	$18.2B+4.2%	$17.4B-8.0%	$19.0B+4.1%	$18.2B+0.3%	$18.2B+1.6%	$17.9B
Current Liabilities	$3.5B+4.8%	$3.4B+7.2%	$3.1B-30.8%	$4.5B+31.2%	$3.4B+85.4%	$1.9B-41.8%	$3.2B+8.2%	$2.9B-6.0%	$3.1B+34.3%	$2.3B+4.4%	$2.2B-34.3%	$3.4B+53.8%	$2.2B+15.0%	$1.9B+10.4%	$1.7B
Non-Current Liabilities	$34.6B-1.6%	$35.2B+0.8%	$34.9B-4.0%	$36.3B+15.8%	$31.4B+11.6%	$28.1B+57.0%	$17.9B+7.4%	$16.7B+16.5%	$14.3B-9.5%	$15.8B+4.2%	$15.2B-2.3%	$15.6B-2.8%	$16.0B-1.4%	$16.2B+0.6%	$16.1B
Long-Term Debt	$6.2B-2.1%	$6.4B+0.3%	$6.3B-14.7%	$7.4B-36.9%	$11.8B-4.9%	$12.4B+10.8%	$11.2B-26.0%	$15.1B+18.3%	$12.8B-1.8%	$13.0B+4.9%	$12.4B-3.4%	$12.8B-4.8%	$13.4B-1.0%	$13.6B+0.9%	$13.5B
Total Equity	$2.4B-19.6%	$3.0B-20.7%	$3.8B-21.1%	$4.8B-20.4%	$6.1B-6.7%	$6.5B-15.8%	$7.7B+18.7%	$6.5B-14.1%	$7.6B+22.4%	$6.2B+21.0%	$5.1B+25.2%	$4.1B-3.0%	$4.2B-3.4%	$4.4B-28.3%	$6.1B
Retained Earnings	$2.1B-31.6%	$3.1B-15.9%	$3.7B-23.6%	$4.8B+10.5%	$4.3B+40.4%	$3.1B-26.4%	$4.2B+73.4%	$2.4B+9.3%	$2.2B+327.7%	$518.5M+193.3%	-$555.6M-414.9%	-$107.9M-357.1%	$42.0M-80.4%	$213.7M-89.2%	$2.0B

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$39.8B-4.4%	$41.4B-1.2%	$41.4B-2.0%	$41.4B-3.1%	$41.7B-0.3%	$41.9B-0.4%	$42.2B-0.3%	$42.7B+0.4%
Current Assets	$4.4B+14.1%	$4.5B+9.4%	$4.3B-0.7%	$3.9B-18.6%	$3.9B-12.5%	$4.1B-9.5%	$4.4B-11.1%	$4.8B-8.1%
Cash & Equivalents	$2.5B+30.1%	$2.3B+1.0%	$2.1B-14.6%	$2.1B-27.7%	$2.0B-18.9%	$2.3B-16.6%	$2.4B-17.5%	$3.0B-11.0%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$123.4M-2.6%	$123.2M-8.8%	$124.5M-11.4%	$127.1M-12.2%	$126.7M-14.3%	$135.0M-8.4%	$140.6M-0.8%	$144.8M+6.6%
Accounts Receivable	$1.2B+16.7%	$1.1B+16.2%	$1.1B+4.8%	$932.1M-3.4%	$1.0B+2.6%	$970.1M+5.0%	$1.1B+15.3%	$964.7M+18.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$4.8B-8.1%	$4.9B-5.4%	$4.9B-4.7%	$4.9B-4.5%	$5.2B+0.7%	$5.2B+0.2%	$5.1B-0.4%	$5.2B+0.6%
Total Liabilities	$36.5B-3.9%	$38.1B-0.6%	$38.1B-1.1%	$38.0B-3.9%	$38.0B-1.7%	$38.3B-0.9%	$38.5B+1.3%	$39.5B+2.3%
Current Liabilities	$3.3B+4.2%	$3.4B+7.1%	$3.5B+4.8%	$3.2B-18.1%	$3.2B+5.6%	$3.2B+4.5%	$3.4B+7.2%	$3.9B+31.2%
Non-Current Liabilities	$33.2B-4.6%	$34.7B-1.2%	$34.6B-1.6%	$34.8B-2.4%	$34.8B-2.3%	$35.1B-1.3%	$35.2B+0.8%	$35.6B-0.1%
Long-Term Debt	$6.1B-2.2%	$6.4B-0.2%	$6.2B-2.1%	$6.2B-1.1%	$6.2B-1.4%	$6.4B+2.3%	$6.4B+0.3%	$6.2B-4.2%
Total Equity	$2.5B-15.5%	$2.4B-14.7%	$2.4B-19.6%	$2.7B-17.2%	$3.0B-7.4%	$2.9B-17.5%	$3.0B-20.7%	$3.2B-18.5%
Retained Earnings	$2.3B-11.5%	$2.2B-21.3%	$2.1B-31.6%	$2.3B-23.5%	$2.6B-17.7%	$2.8B-18.6%	$3.1B-15.9%	$3.0B-23.4%

MGM Cash Flow Statement

MGM quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.5B	$2.5B+7.1%	$2.4B-12.2%	$2.7B+53.2%	$1.8B+27.9%	$1.4B+192.0%	-$1.5B-182.5%	$1.8B+5.1%	$1.7B-21.9%	$2.2B+43.8%	$1.5B+52.6%	$1.0B-11.1%	$1.1B-13.7%	$1.3B+44.1%	$909.4M+34.7%	$675.1M
Depreciation & Amortization	N/A	$1.0B+22.5%	$831.1M+2.1%	$814.1M-76.6%	$3.5B+202.6%	$1.2B-5.0%	$1.2B-7.2%	$1.3B+10.7%	$1.2B+18.6%	$993.5M+16.9%	$849.5M+3.6%	$819.9M+0.5%	$815.8M-3.9%	$849.2M-8.5%	$927.7M+13.5%	$817.1M
Stock-Based Compensation	N/A	$90.5M+12.8%	$80.2M+9.0%	$73.6M+3.2%	$71.3M+9.4%	$65.2M-39.1%	$107.0M+20.4%	$88.8M+26.6%	$70.2M+12.3%	$62.5M+12.6%	$55.5M+29.4%	$42.9M+15.0%	$37.3M+15.3%	$32.3M-18.3%	$39.6M-0.4%	$39.7M
Capital Expenditures	$968.5M	$1.1B-7.1%	$1.2B+23.5%	$931.8M+21.8%	$765.1M+55.9%	$490.7M+81.4%	$270.6M-63.4%	$739.0M-50.3%	$1.5B-20.2%	$1.9B-17.6%	$2.3B+54.2%	$1.5B+68.2%	$872.0M+55.1%	$562.1M+33.0%	$422.8M+40.3%	$301.2M
Free Cash Flow	$1.5B	$1.5B+20.5%	$1.2B-31.1%	$1.8B+77.4%	$991.4M+12.3%	$882.7M+150.1%	-$1.8B-264.6%	$1.1B+354.6%	$235.7M-31.1%	$342.3M+147.0%	-$728.5M-57.8%	-$461.7M-278.5%	$258.6M-65.4%	$748.3M+53.8%	$486.6M+30.1%	$373.9M
Investing Cash Flow	-$644.6M	-$1.1B+11.1%	-$1.3B-79.7%	-$714.2M-133.7%	$2.1B+37.2%	$1.5B-28.5%	$2.2B-38.6%	$3.5B+269.0%	-$2.1B-31.8%	-$1.6B+30.6%	-$2.3B-186.3%	-$795.1M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$1.2B	-$1.7B-10.7%	-$1.6B+68.7%	-$5.0B-65.5%	-$3.0B-7.5%	-$2.8B-233.8%	$2.1B+146.4%	-$4.5B-1263.7%	$389.2M+168.4%	-$568.8M-209.5%	$519.4M+301.4%	-$257.9M	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	$0	$0-100.0%	$4.0M-15.5%	$4.8M-93.8%	$77.6M-71.4%	$271.3M+4.1%	$260.6M+3.4%	$252.0M	$0	$0	N/A	N/A	N/A	N/A
Share Buybacks	$773.6M	$1.2B-9.5%	$1.4B-40.8%	$2.3B-17.4%	$2.8B+58.3%	$1.8B+395.7%	$353.7M-65.7%	$1.0B-19.6%	$1.3B+291.9%	$327.5M	$0	$0	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$558.8M-13.5%	$567.8M+3.8%	$655.0M-2.5%	$681.4M+2.1%	$645.9M+36.2%	$547.1M-0.4%	$671.6M-6.2%	$667.4M-3.8%
Depreciation & Amortization	$282.3M+16.7%	$263.7M+11.5%	$278.7M+33.2%	$260.7M+11.7%	$242.0M+26.0%	$236.4M+20.3%	$209.2M+1.9%	$233.3M+15.6%
Stock-Based Compensation	N/A	$35.1M+22.6%	N/A	N/A	N/A	$28.7M+7.0%	N/A	N/A
Capital Expenditures	$241.4M-10.1%	$154.7M-32.2%	$296.5M-26.6%	$276.0M-17.9%	$268.4M+12.7%	$228.0M+32.5%	$404.0M+22.9%	$336.3M+60.3%
Free Cash Flow	$317.4M-15.9%	$413.1M+29.5%	$358.5M+34.0%	$405.4M+22.4%	$377.4M+59.9%	$319.0M-15.4%	$267.5M-30.9%	$331.2M-31.6%
Investing Cash Flow	$263.7M+169.7%	-$372.8M-64.2%	-$200.6M+50.3%	-$334.9M+32.2%	-$378.3M-36.6%	-$227.0M-109.4%	-$403.9M-37.6%	-$493.8M-36.6%
Financing Cash Flow	-$590.7M-0.2%	$39.9M+108.5%	-$498.7M+36.9%	-$172.5M-149.3%	-$589.7M-19.3%	-$470.2M+25.2%	-$790.5M+4.5%	$349.7M+141.3%
Share Buybacks	$173.6M-23.8%	$88.9M-81.8%	$511.1M+326.5%	$12K-100.0%	$227.9M-44.3%	$489.3M-3.4%	$119.8M-80.8%	$322.7M-42.9%

Not reported in any period shown, so not listed: Dividends Paid.

MGM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MGM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Margin	5.7%-2.9pp	8.6%-3.1pp	11.7%+0.7pp	11.0%-12.6pp	23.5%+36.0pp	-12.4%-43.0pp	30.6%+18.1pp	12.5%-3.4pp	15.9%-6.1pp	21.9%+23.6pp	-1.7%-14.8pp	13.1%+1.5pp	11.6%+10.3pp	1.3%-50.4pp	51.7%
Net Margin	1.2%-3.2pp	4.3%-2.7pp	7.1%-4.1pp	11.2%-1.7pp	13.0%+33.0pp	-20.0%-35.9pp	15.9%+11.9pp	4.0%-14.1pp	18.1%+6.5pp	11.6%+16.5pp	-4.9%-3.4pp	-1.5%+0.3pp	-1.8%+17.5pp	-19.3%-59.0pp	39.7%
Return on Equity	8.5%-16.2pp	24.7%-5.3pp	30.0%-0.5pp	30.5%+9.8pp	20.7%+36.5pp	-15.9%-42.4pp	26.5%+19.4pp	7.2%-18.6pp	25.8%+8.0pp	17.8%+26.5pp	-8.7%-5.0pp	-3.7%+0.4pp	-4.1%+36.4pp	-40.5%-91.7pp	51.2%
Return on Assets	0.5%-1.3pp	1.8%-0.9pp	2.7%-0.5pp	3.2%+0.1pp	3.1%+5.9pp	-2.8%-8.9pp	6.0%+4.5pp	1.6%-5.1pp	6.7%+2.8pp	3.9%+5.7pp	-1.8%-1.2pp	-0.6%+0.1pp	-0.7%+6.1pp	-6.7%-17.9pp	11.2%
Current Ratio	1.23-0.1x	1.30-0.3x	1.57-0.2x	1.81-0.1x	1.86-1.3x	3.21+1.9x	1.26+0.4x	0.86+0.1x	0.76-0.2x	0.96-0.1x	1.08+0.2x	0.89-0.3x	1.23-0.1x	1.30-0.3x	1.61
Debt-to-Equity	2.56+0.5x	2.10+0.4x	1.66+0.1x	1.54-0.4x	1.940.0x	1.90+0.5x	1.45-0.9x	2.32+0.6x	1.68-0.4x	2.10-0.3x	2.42-0.7x	3.13-0.1x	3.19+0.1x	3.11+0.9x	2.21
Asset Turnover	0.420.0x	0.410.0x	0.38+0.1x	0.29+0.1x	0.24+0.1x	0.14-0.2x	0.380.0x	0.390.0x	0.370.0x	0.340.0x	0.360.0x	0.380.0x	0.380.0x	0.35+0.1x	0.28
FCF Margin	8.3%+1.3pp	7.0%-3.8pp	10.9%+3.3pp	7.5%-1.6pp	9.1%+43.3pp	-34.2%-42.5pp	8.3%+6.3pp	2.0%-1.2pp	3.2%+10.9pp	-7.7%-2.7pp	-5.0%-7.6pp	2.6%-5.1pp	7.6%+2.3pp	5.3%+0.5pp	4.8%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Margin	11.3%+2.1pp	6.8%-2.2pp	7.1%+0.3pp	-2.7%-10.2pp	9.2%-0.7pp	9.0%-1.5pp	6.7%-2.9pp	7.5%-1.8pp
Net Margin	6.6%+5.5pp	2.8%-0.7pp	6.4%+2.8pp	-6.7%-11.1pp	1.1%-3.2pp	3.5%-1.5pp	3.6%-3.5pp	4.4%+0.4pp
Return on Equity	11.6%+10.0pp	5.1%-0.1pp	12.1%+6.9pp	-10.7%-16.4pp	1.7%-4.2pp	5.2%-1.1pp	5.2%-3.0pp	5.7%+1.7pp
Return on Assets	0.7%+0.6pp	0.3%-0.1pp	0.7%+0.3pp	-0.7%-1.1pp	0.1%-0.3pp	0.4%-0.2pp	0.4%-0.4pp	0.4%+0.1pp
Current Ratio	1.33+0.1x	1.330.0x	1.23-0.1x	1.230.0x	1.22-0.3x	1.31-0.2x	1.30-0.3x	1.24-0.5x
Debt-to-Equity	2.41+0.3x	2.63+0.4x	2.56+0.5x	2.30+0.4x	2.09+0.1x	2.25+0.4x	2.10+0.4x	1.93+0.3x
Asset Turnover	0.110.0x	0.110.0x	0.110.0x	0.100.0x	0.110.0x	0.100.0x	0.100.0x	0.100.0x
FCF Margin	7.1%-1.4pp	9.3%+1.8pp	7.8%+1.6pp	9.5%+1.6pp	8.6%+3.1pp	7.5%-1.1pp	6.2%-2.7pp	7.9%-4.3pp

Not reported in any period shown, so not listed: Gross Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
MGM RESORTS INTERNATIONAL MGM	FY2025	$17.5B	$205.9M	1.2%	$7.4B	47/100
Boyd Gaming Corporation BYD	FY2025	$4.1B	$1.8B	45.1%	$5.1B	46/100
Red Rock Resorts, Inc. RRR	FY2025	$2.0B	$355.7M	17.7%	$3.0B	55/100
Vail Resorts, Inc. MTN	FY2026	$2.8B	$147.5M	5.2%	$5.2B	47/100
Caesars Entertainment, Inc. CZR	FY2025	$11.5B	-$437.0M	-3.8%	$6.0B	40/100
Melco Resorts & Entertainment Limited MLCO	FY2025	$5.2B	$185.0M	3.6%	$1.6B	34/100

Where MGM RESORTS INTERNATIONAL Ranks

Frequently Asked Questions

What is MGM RESORTS INTERNATIONAL's annual revenue?

MGM RESORTS INTERNATIONAL (MGM) reported $17.5B in total revenue for fiscal year 2025. This represents a 1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is MGM RESORTS INTERNATIONAL's revenue growing?

MGM RESORTS INTERNATIONAL (MGM) revenue grew by 1.7% year-over-year, from $17.2B to $17.5B in fiscal year 2025.

Is MGM RESORTS INTERNATIONAL profitable?

Yes, MGM RESORTS INTERNATIONAL (MGM) reported a net income of $205.9M in fiscal year 2025, with a net profit margin of 1.2%.

What is MGM RESORTS INTERNATIONAL's EBITDA?

MGM RESORTS INTERNATIONAL (MGM) had EBITDA of $2.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does MGM RESORTS INTERNATIONAL have?

As of fiscal year 2025, MGM RESORTS INTERNATIONAL (MGM) had $2.1B in cash and equivalents against $6.2B in long-term debt.

What is MGM RESORTS INTERNATIONAL's operating margin?

MGM RESORTS INTERNATIONAL (MGM) had an operating margin of 5.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is MGM RESORTS INTERNATIONAL's net profit margin?

MGM RESORTS INTERNATIONAL (MGM) had a net profit margin of 1.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is MGM RESORTS INTERNATIONAL's return on equity (ROE)?

MGM RESORTS INTERNATIONAL (MGM) has a return on equity of 8.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is MGM RESORTS INTERNATIONAL's free cash flow?

MGM RESORTS INTERNATIONAL (MGM) generated $1.5B in free cash flow during fiscal year 2025. This represents a 20.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is MGM RESORTS INTERNATIONAL's operating cash flow?

MGM RESORTS INTERNATIONAL (MGM) generated $2.5B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are MGM RESORTS INTERNATIONAL's total assets?

MGM RESORTS INTERNATIONAL (MGM) had $41.4B in total assets as of fiscal year 2025, including both current and long-term assets.

What are MGM RESORTS INTERNATIONAL's capital expenditures?

MGM RESORTS INTERNATIONAL (MGM) invested $1.1B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does MGM RESORTS INTERNATIONAL buy back shares?

Yes, MGM RESORTS INTERNATIONAL (MGM) spent $1.2B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does MGM RESORTS INTERNATIONAL have outstanding?

MGM RESORTS INTERNATIONAL (MGM) had 256M shares outstanding as of fiscal year 2025.

What is MGM RESORTS INTERNATIONAL's current ratio?

MGM RESORTS INTERNATIONAL (MGM) had a current ratio of 1.23 as of fiscal year 2025, which is considered adequate.

What is MGM RESORTS INTERNATIONAL's debt-to-equity ratio?

MGM RESORTS INTERNATIONAL (MGM) had a debt-to-equity ratio of 2.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is MGM RESORTS INTERNATIONAL's return on assets (ROA)?

MGM RESORTS INTERNATIONAL (MGM) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is MGM RESORTS INTERNATIONAL's P/E ratio?

MGM RESORTS INTERNATIONAL (MGM) trades at 17.3x earnings, its market capitalization divided by net income of $425.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $7.4B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MGM RESORTS INTERNATIONAL's price-to-sales ratio?

MGM RESORTS INTERNATIONAL (MGM) trades at 0.4x sales, its market capitalization divided by revenue of $17.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $7.4B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is MGM RESORTS INTERNATIONAL's Altman Z-Score?

MGM RESORTS INTERNATIONAL (MGM) has an Altman Z-Score of 0.71, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is MGM RESORTS INTERNATIONAL's Piotroski F-Score?

MGM RESORTS INTERNATIONAL (MGM) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are MGM RESORTS INTERNATIONAL's earnings high quality?

MGM RESORTS INTERNATIONAL (MGM) has an earnings quality ratio of 12.29x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can MGM RESORTS INTERNATIONAL cover its interest payments?

MGM RESORTS INTERNATIONAL (MGM) has an interest coverage ratio of 2.39x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is MGM RESORTS INTERNATIONAL?

MGM RESORTS INTERNATIONAL (MGM) scores 47 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.