Melco Resorts And Entmnt Ltd Financials

MLCO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Melco Resorts And Entmnt Ltd (MLCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

Financial Health Signals

Altman Z-Score Distress

0.26

Melco Resorts And Entmnt Ltd scores 0.26, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.2B) relative to total liabilities ($8.9B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Strong

7/9

Melco Resorts And Entmnt Ltd passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

14.39x

For every $1 of reported earnings, Melco Resorts And Entmnt Ltd generates $14.39 in operating cash flow ($626.7M OCF vs $43.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.0x

Melco Resorts And Entmnt Ltd earns $1.0 in operating income for every $1 of interest expense ($484.6M vs $486.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$4.6B

YoY+22.9%

5Y CAGR-4.2%

10Y CAGR-0.3%

Melco Resorts And Entmnt Ltd generated $4.6B in revenue in fiscal year 2024. This represents an increase of 22.9% from the prior year.

EBITDA

$972.0M

YoY+77.5%

5Y CAGR-7.0%

10Y CAGR-0.8%

Melco Resorts And Entmnt Ltd's EBITDA was $972.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 77.5% from the prior year.

Free Cash Flow

N/A

Net Income

$43.5M

YoY+113.3%

5Y CAGR-34.9%

10Y CAGR-23.2%

Melco Resorts And Entmnt Ltd reported $43.5M in net income in fiscal year 2024. This represents an increase of 113.3% from the prior year.

EPS (Diluted)

$0.03

YoY+113.7%

5Y CAGR-33.3%

10Y CAGR-21.2%

Melco Resorts And Entmnt Ltd earned $0.03 per diluted share (EPS) in fiscal year 2024. This represents an increase of 113.7% from the prior year.

Cash & Debt

$1.1B

YoY-12.5%

5Y CAGR-3.8%

10Y CAGR-3.3%

Melco Resorts And Entmnt Ltd held $1.1B in cash against $7.1B in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

1.28B

YoY-4.0%

5Y CAGR-2.6%

10Y CAGR-2.4%

Melco Resorts And Entmnt Ltd had 1.28B shares outstanding in fiscal year 2024. This represents a decrease of 4.0% from the prior year.

Gross Margin

N/A

Operating Margin

10.4%

YoY+8.7pp

5Y CAGR-2.6pp

10Y CAGR-3.8pp

Melco Resorts And Entmnt Ltd's operating margin was 10.4% in fiscal year 2024, reflecting core business profitability. This is up 8.7 percentage points from the prior year.

Net Margin

0.9%

YoY+9.6pp

5Y CAGR-5.6pp

10Y CAGR-11.7pp

Melco Resorts And Entmnt Ltd's net profit margin was 0.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 9.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$112.3M

YoY-33.9%

10Y CAGR-9.4%

Melco Resorts And Entmnt Ltd spent $112.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 33.9% from the prior year.

Capital Expenditures

N/A

MLCO Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$4.6B+22.9%	$3.8B+179.7%	$1.3B-32.9%	$2.0B+16.5%	$1.7B-69.9%	$5.7B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$568.7M+16.5%	$488.1M+15.3%	$423.2M-0.7%	$426.4M+0.5%	$424.4M-24.1%	$559.5M
Operating Income	$484.6M+646.1%	$65.0M+108.7%	-$743.1M-28.7%	-$577.5M+38.6%	-$940.6M-225.8%	$747.7M
Interest Expense	$486.7M-1.2%	$492.4M+30.7%	$376.7M+7.5%	$350.5M+2.8%	$340.8M+9.9%	$310.1M
Income Tax	$21.6M+61.0%	$13.4M+156.3%	$5.2M+81.5%	$2.9M+199.0%	-$2.9M-134.9%	$8.3M
Net Income	$43.5M+113.3%	-$326.9M+64.9%	-$930.5M-14.6%	-$811.8M+35.8%	-$1.3B-438.6%	$373.2M
EPS (Diluted)	$0.03+113.7%	$-0.25+62.8%	$-0.67-18.2%	$-0.57+36.0%	$-0.88-442.6%	$0.26

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MLCO Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$8.0B-4.2%	$8.3B-10.4%	$9.3B+4.7%	$8.9B-1.5%	$9.0B-4.9%	$9.5B
Current Assets	$1.4B-7.5%	$1.5B-25.6%	$2.1B+11.0%	$1.9B-7.0%	$2.0B+6.0%	$1.9B
Cash & Equivalents	$1.1B-12.5%	$1.3B-27.7%	$1.8B+9.7%	$1.7B-5.8%	$1.8B+25.8%	$1.4B
Inventory	$32.5M+10.3%	$29.4M+11.4%	$26.4M-10.7%	$29.6M-20.6%	$37.3M-15.2%	$44.0M
Accounts Receivable	$144.2M+57.4%	$91.6M+63.7%	$56.0M+2.8%	$54.5M-58.0%	$129.6M-54.4%	$284.3M
Goodwill	$82.1M+0.6%	$81.6M0.0%	$81.6M-0.1%	$81.7M-0.6%	$82.2M-14.0%	$95.6M
Total Liabilities	$8.9B-2.7%	$9.2B-4.6%	$9.6B+19.3%	$8.1B+12.3%	$7.2B+13.2%	$6.3B
Current Liabilities	$1.2B+7.9%	$1.1B-7.9%	$1.2B+17.3%	$1.0B-8.5%	$1.1B-26.8%	$1.5B
Long-Term Debt	$7.1B-4.5%	$7.5B-7.6%	$8.1B+23.3%	$6.6B+16.2%	$5.6B+28.5%	$4.4B
Total Equity	-$1.3B-3.0%	-$1.3B-51.4%	-$850.3M-447.4%	$244.7M-77.8%	$1.1B-54.8%	$2.4B
Retained Earnings	-$4.0B+1.1%	-$4.1B-8.8%	-$3.7B-33.2%	-$2.8B-40.9%	-$2.0B-208.2%	-$644.8M

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$8.0B-4.2%	$8.3B-10.4%	$9.3B+4.7%	$8.9B-1.5%	$9.0B-4.9%	$9.5B+4.0%	$9.1B-0.3%	$9.2B
Current Assets	$1.4B-7.5%	$1.5B-25.6%	$2.1B+11.0%	$1.9B-7.0%	$2.0B+6.0%	$1.9B-8.8%	$2.1B+12.6%	$1.8B
Cash & Equivalents	$1.1B-12.5%	$1.3B-27.7%	$1.8B+9.7%	$1.7B-5.8%	$1.8B+25.8%	$1.4B-5.3%	$1.5B+4.6%	$1.4B
Inventory	$32.5M+10.3%	$29.4M+11.4%	$26.4M-10.7%	$29.6M-20.6%	$37.3M-15.2%	$44.0M+7.0%	$41.1M+17.4%	$35.0M
Accounts Receivable	$144.2M+57.4%	$91.6M+63.7%	$56.0M+2.8%	$54.5M-58.0%	$129.6M-54.4%	$284.3M+17.4%	$242.1M+37.1%	$176.5M
Goodwill	$82.1M+0.6%	$81.6M0.0%	$81.6M-0.1%	$81.7M-0.6%	$82.2M-14.0%	$95.6M+17.5%	$81.4M-0.7%	$81.9M
Total Liabilities	$8.9B-2.7%	$9.2B-4.6%	$9.6B+19.3%	$8.1B+12.3%	$7.2B+13.2%	$6.3B+3.2%	$6.1B+10.6%	$5.6B
Current Liabilities	$1.2B+7.9%	$1.1B-7.9%	$1.2B+17.3%	$1.0B-8.5%	$1.1B-26.8%	$1.5B-28.9%	$2.1B+27.5%	$1.7B
Long-Term Debt	$7.1B-4.5%	$7.5B-7.6%	$8.1B+23.3%	$6.6B+16.2%	$5.6B+28.5%	$4.4B+19.9%	$3.7B+4.5%	$3.5B
Total Equity	-$1.3B-3.0%	-$1.3B-51.4%	-$850.3M-447.4%	$244.7M-77.8%	$1.1B-54.8%	$2.4B+6.2%	$2.3B-20.4%	$2.9B
Retained Earnings	-$4.0B+1.1%	-$4.1B-8.8%	-$3.7B-33.2%	-$2.8B-40.9%	-$2.0B-208.2%	-$644.8M+10.1%	-$717.0M+7.2%	-$772.3M

MLCO Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$626.7M+0.6%	$622.7M+200.5%	-$619.4M-130.5%	-$268.8M+68.8%	-$861.0M-203.0%	$836.2M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	$8.6M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	$827.5M
Investing Cash Flow	-$300.8M-520.1%	-$48.5M+94.0%	-$806.1M-19.5%	-$674.6M-1165.3%	-$53.3M+94.8%	-$1.0B
Financing Cash Flow	-$478.3M+57.6%	-$1.1B-163.3%	$1.8B+117.0%	$821.7M-35.0%	$1.3B+1201.2%	$97.1M
Dividends Paid	$344K+9.6%	$314K+60.2%	$196K	$0-100.0%	$79.1M-73.7%	$301.0M
Share Buybacks	$112.3M-33.9%	$169.8M-10.2%	$189.2M+263.6%	$52.0M+15.7%	$45.0M	$0

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

MLCO Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	10.4%+8.7pp	1.7%+56.8pp	-55.0%-26.4pp	-28.7%+25.7pp	-54.4%-67.5pp	13.0%
Net Margin	0.9%+9.6pp	-8.7%+60.3pp	-68.9%-28.6pp	-40.3%+32.8pp	-73.1%-79.6pp	6.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	15.3%
Return on Assets	0.5%+4.5pp	-3.9%+6.1pp	-10.0%-0.9pp	-9.1%+4.9pp	-14.0%-17.9pp	3.9%
Current Ratio	1.20-0.2	1.40-0.3	1.73-0.1	1.83+0.0	1.80+0.6	1.24
Debt-to-Equity	-5.38+0.4	-5.80+3.7	-9.51-36.3	26.80+21.7	5.12+3.3	1.80
FCF Margin	N/A	N/A	N/A	N/A	N/A	14.4%

Metric	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.20-0.2	1.40-0.3	1.73-0.1	1.83+0.0	1.80+0.6	1.24+0.3	0.97-0.1	1.10
Debt-to-Equity	-5.38+0.4	-5.80+3.7	-9.51-36.3	26.80+21.7	5.12+3.3	1.80+0.2	1.60+0.4	1.21
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$1.3B), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Melco Resorts And Entmnt Ltd's annual revenue?

Melco Resorts And Entmnt Ltd (MLCO) reported $4.6B in total revenue for fiscal year 2024. This represents a 22.9% 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 Melco Resorts And Entmnt Ltd's revenue growing?

Melco Resorts And Entmnt Ltd (MLCO) revenue grew by 22.9% year-over-year, from $3.8B to $4.6B in fiscal year 2024.

Is Melco Resorts And Entmnt Ltd profitable?

Yes, Melco Resorts And Entmnt Ltd (MLCO) reported a net income of $43.5M in fiscal year 2024, with a net profit margin of 0.9%.

What is Melco Resorts And Entmnt Ltd's earnings per share (EPS)?

Melco Resorts And Entmnt Ltd (MLCO) reported diluted earnings per share of $0.03 for fiscal year 2024. This represents a 113.7% 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.

What is Melco Resorts And Entmnt Ltd's EBITDA?

Melco Resorts And Entmnt Ltd (MLCO) had EBITDA of $972.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Melco Resorts And Entmnt Ltd have?

As of fiscal year 2024, Melco Resorts And Entmnt Ltd (MLCO) had $1.1B in cash and equivalents against $7.1B in long-term debt.

What is Melco Resorts And Entmnt Ltd's operating margin?

Melco Resorts And Entmnt Ltd (MLCO) had an operating margin of 10.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Melco Resorts And Entmnt Ltd's net profit margin?

Melco Resorts And Entmnt Ltd (MLCO) had a net profit margin of 0.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Melco Resorts And Entmnt Ltd's operating cash flow?

Melco Resorts And Entmnt Ltd (MLCO) generated $626.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Melco Resorts And Entmnt Ltd's total assets?

Melco Resorts And Entmnt Ltd (MLCO) had $8.0B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Melco Resorts And Entmnt Ltd buy back shares?

Yes, Melco Resorts And Entmnt Ltd (MLCO) spent $112.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Melco Resorts And Entmnt Ltd have outstanding?

Melco Resorts And Entmnt Ltd (MLCO) had 1.28B shares outstanding as of fiscal year 2024.

What is Melco Resorts And Entmnt Ltd's current ratio?

Melco Resorts And Entmnt Ltd (MLCO) had a current ratio of 1.20 as of fiscal year 2024, which is considered adequate.

What is Melco Resorts And Entmnt Ltd's debt-to-equity ratio?

Melco Resorts And Entmnt Ltd (MLCO) had a debt-to-equity ratio of -5.38 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Melco Resorts And Entmnt Ltd's return on assets (ROA)?

Melco Resorts And Entmnt Ltd (MLCO) had a return on assets of 0.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is Melco Resorts And Entmnt Ltd's debt-to-equity ratio negative or unusual?

Melco Resorts And Entmnt Ltd (MLCO) has negative shareholder equity of -$1.3B as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Melco Resorts And Entmnt Ltd's Altman Z-Score?

Melco Resorts And Entmnt Ltd (MLCO) has an Altman Z-Score of 0.26, 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 Melco Resorts And Entmnt Ltd's Piotroski F-Score?

Melco Resorts And Entmnt Ltd (MLCO) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Melco Resorts And Entmnt Ltd's earnings high quality?

Melco Resorts And Entmnt Ltd (MLCO) has an earnings quality ratio of 14.39x, 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 Melco Resorts And Entmnt Ltd cover its interest payments?

Melco Resorts And Entmnt Ltd (MLCO) has an interest coverage ratio of 1.0x, meaning it can struggle to 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.