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

Melco Resorts And Entmnt Ltd (MLCO) reported diluted earnings per share of $0.15 for fiscal year 2025. This represents a 352.9% 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.

Melco Resorts And Entmnt Ltd Financials

MLCO

Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2025 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 18 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 MLCO FY2025 2026-04-22

Melco’s operating rebound is finally outrunning a still-heavy interest burden on a leveraged balance sheet.

From FY2023 to FY2025, operating income climbed from $65.0M to $600.4M. Over the same span, interest expense stayed near $465M, so FY2025 net margin reached only 3.6%; the recovery reflects fixed-cost absorption in operations more than true balance-sheet repair, because equity remains negative.

FY2025 operating cash flow of $818.1M was more than 4x net income of $185.0M, which means the year’s profit was supported by real cash collection rather than only accounting improvement. In a debt-heavy company, that matters because lenders are paid with cash, not earnings headlines.

The balance sheet is still highly leveraged: liabilities of $8.5B exceed assets of $7.6B, leaving the company with negative equity even after profitability returned. Meanwhile the current ratio slipped to 1.1x from 1.4x in FY2023, so the business now depends more on continuing operating cash generation than on balance-sheet cushion.

Financial Health Signals

Financial Health Score 34/100

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 Melco Resorts And Entmnt Ltd'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

Melco Resorts And Entmnt Ltd has an operating margin of 11.6%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 52/100, indicating healthy but not exceptional operating efficiency. This is up from 10.4% the prior year.

Growth

Melco Resorts And Entmnt Ltd's revenue grew 11.3% year-over-year to $5.2B, a solid pace of expansion. This earns a growth score of 78/100.

Leverage

Melco Resorts And Entmnt Ltd has elevated debt relative to equity (D/E of -5.41), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 11/100, reflecting increased financial risk.

Liquidity

Melco Resorts And Entmnt Ltd's current ratio of 1.07 is below the typical benchmark, resulting in a score of 22/100. However, the company holds substantial cash reserves (86% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Altman Z-Score Distress

0.39

Melco Resorts And Entmnt Ltd scores 0.39, 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

7/8

Melco Resorts And Entmnt Ltd passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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

4.42x

For every $1 of reported earnings, Melco Resorts And Entmnt Ltd generates $4.42 in operating cash flow ($818.1M OCF vs $185.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

1.3x

Melco Resorts And Entmnt Ltd earns $1.3 in operating income for every $1 of interest expense ($600.4M vs $464.9M). 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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Earnings & Revenue

Revenue

$5.2B

YoY+11.3%

5Y CAGR+24.5%

10Y CAGR+2.7%

Melco Resorts And Entmnt Ltd generated $5.2B in revenue in fiscal year 2025. This represents an increase of 11.3% from the prior year.

EBITDA

$1.1B

YoY+11.8%

10Y CAGR+6.7%

Melco Resorts And Entmnt Ltd's EBITDA was $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 11.8% from the prior year.

Net Income

$185.0M

YoY+325.0%

10Y CAGR+5.8%

Melco Resorts And Entmnt Ltd reported $185.0M in net income in fiscal year 2025. This represents an increase of 325.0% from the prior year.

EPS (Diluted)

$0.15

YoY+352.9%

10Y CAGR+9.0%

Melco Resorts And Entmnt Ltd earned $0.15 per diluted share (EPS) in fiscal year 2025. This represents an increase of 352.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.0B

YoY-10.8%

5Y CAGR-10.2%

10Y CAGR-4.4%

Melco Resorts And Entmnt Ltd held $1.0B in cash against $6.7B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

1.22B

YoY-4.4%

5Y CAGR-3.5%

10Y CAGR-2.9%

Melco Resorts And Entmnt Ltd had 1.22B shares outstanding in fiscal year 2025. This represents a decrease of 4.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

11.6%

YoY+1.2pp

5Y CAGR+66.1pp

10Y CAGR+9.2pp

Melco Resorts And Entmnt Ltd's operating margin was 11.6% in fiscal year 2025, reflecting core business profitability. This is up 1.2 percentage points from the prior year.

Net Margin

3.6%

YoY+2.6pp

5Y CAGR+76.7pp

10Y CAGR+0.9pp

Melco Resorts And Entmnt Ltd's net profit margin was 3.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.6 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

$166.0M

YoY+47.8%

5Y CAGR+29.8%

Melco Resorts And Entmnt Ltd spent $166.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 47.8% from the prior year.

Capital Expenditures

N/A

MLCO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$5.2B+11.3%	$4.6B+22.9%	$3.8B+179.7%	$1.3B-32.9%	$2.0B+16.5%	$1.7B
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	$657.4M+15.6%	$568.7M+16.5%	$488.1M+15.3%	$423.2M-0.7%	$426.4M+0.5%	$424.4M
Operating Income	$600.4M+23.9%	$484.6M+646.1%	$65.0M+108.7%	-$743.1M-28.7%	-$577.5M+38.6%	-$940.6M
Interest Expense	$464.9M-4.5%	$486.7M-1.2%	$492.4M+30.7%	$376.7M+7.5%	$350.5M+2.8%	$340.8M
Income Tax	$2.8M-86.9%	$21.6M+61.0%	$13.4M+156.3%	$5.2M+81.5%	$2.9M+199.0%	-$2.9M
Net Income	$185.0M+325.0%	$43.5M+113.3%	-$326.9M+64.9%	-$930.5M-14.6%	-$811.8M+35.8%	-$1.3B
EPS (Diluted)	$0.15+352.9%	$0.03+113.7%	$-0.25+62.8%	$-0.67-18.2%	$-0.57+36.0%	$-0.88

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$7.6B-4.9%	$8.0B-4.2%	$8.3B-10.4%	$9.3B+4.7%	$8.9B-1.5%	$9.0B
Current Assets	$1.3B-11.2%	$1.4B-7.5%	$1.5B-25.6%	$2.1B+11.0%	$1.9B-7.0%	$2.0B
Cash & Equivalents	$1.0B-10.8%	$1.1B-12.5%	$1.3B-27.7%	$1.8B+9.7%	$1.7B-5.8%	$1.8B
Inventory	$36.9M+13.8%	$32.5M+10.3%	$29.4M+11.4%	$26.4M-10.7%	$29.6M-20.6%	$37.3M
Accounts Receivable	$126.4M-12.3%	$144.2M+57.4%	$91.6M+63.7%	$56.0M+2.8%	$54.5M-58.0%	$129.6M
Goodwill	$23.5M-71.4%	$82.1M+0.6%	$81.6M0.0%	$81.6M-0.1%	$81.7M-0.6%	$82.2M
Total Liabilities	$8.5B-4.8%	$8.9B-2.7%	$9.2B-4.6%	$9.6B+19.3%	$8.1B+12.3%	$7.2B
Current Liabilities	$1.2B-0.6%	$1.2B+7.9%	$1.1B-7.9%	$1.2B+17.3%	$1.0B-8.5%	$1.1B
Long-Term Debt	$6.7B-5.4%	$7.1B-4.5%	$7.5B-7.6%	$8.1B+23.3%	$6.6B+16.2%	$5.6B
Total Equity	-$1.2B+6.0%	-$1.3B-3.0%	-$1.3B-51.4%	-$850.3M-447.4%	$244.7M-77.8%	$1.1B
Retained Earnings	-$3.8B+4.6%	-$4.0B+1.1%	-$4.1B-8.8%	-$3.7B-33.2%	-$2.8B-40.9%	-$2.0B

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
Total Assets	$7.6B-4.9%	$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
Current Assets	$1.3B-11.2%	$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
Cash & Equivalents	$1.0B-10.8%	$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
Inventory	$36.9M+13.8%	$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
Accounts Receivable	$126.4M-12.3%	$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
Goodwill	$23.5M-71.4%	$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
Total Liabilities	$8.5B-4.8%	$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
Current Liabilities	$1.2B-0.6%	$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
Long-Term Debt	$6.7B-5.4%	$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
Total Equity	-$1.2B+6.0%	-$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
Retained Earnings	-$3.8B+4.6%	-$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

MLCO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$818.1M+30.6%	$626.7M+0.6%	$622.7M+200.5%	-$619.4M-130.5%	-$268.8M+68.8%	-$861.0M
Capital Expenditures	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
Investing Cash Flow	-$341.8M-13.6%	-$300.8M-520.1%	-$48.5M+94.0%	-$806.1M-19.5%	-$674.6M-1165.3%	-$53.3M
Financing Cash Flow	-$603.1M-26.1%	-$478.3M+57.6%	-$1.1B-163.3%	$1.8B+117.0%	$821.7M-35.0%	$1.3B
Dividends Paid	$78K-77.3%	$344K+9.6%	$314K+60.2%	$196K	$0-100.0%	$79.1M
Share Buybacks	$166.0M+47.8%	$112.3M-33.9%	$169.8M-10.2%	$189.2M+263.6%	$52.0M+15.7%	$45.0M

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	11.6%+1.2pp	10.4%+8.7pp	1.7%+56.8pp	-55.0%-26.4pp	-28.7%+25.7pp	-54.4%
Net Margin	3.6%+2.6pp	0.9%+9.6pp	-8.7%+60.3pp	-68.9%-28.6pp	-40.3%+32.8pp	-73.1%
Return on Equity	N/A	N/A	N/A	N/A	-331.7%-217.0pp	-114.6%
Return on Assets	2.4%+1.9pp	0.5%+4.5pp	-3.9%+6.1pp	-10.0%-0.9pp	-9.1%+4.9pp	-14.0%
Current Ratio	1.07-0.1	1.20-0.2	1.40-0.3	1.73-0.1	1.83+0.0	1.80
Debt-to-Equity	-5.41-0.0	-5.38+0.4	-5.80+3.7	-9.51-36.3	26.80+21.7	5.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q4'22	Q4'21	Q4'20	Q4'19	Q4'18
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	1.07-0.1	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
Debt-to-Equity	-5.41-0.0	-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
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$1.2B), 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 $5.2B in total revenue for fiscal year 2025. This represents a 11.3% 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 11.3% year-over-year, from $4.6B to $5.2B in fiscal year 2025.

Is Melco Resorts And Entmnt Ltd profitable?

Yes, Melco Resorts And Entmnt Ltd (MLCO) reported a net income of $185.0M in fiscal year 2025, with a net profit margin of 3.6%.

What is Melco Resorts And Entmnt Ltd's EBITDA?

Melco Resorts And Entmnt Ltd (MLCO) had EBITDA of $1.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Melco Resorts And Entmnt Ltd have?

As of fiscal year 2025, Melco Resorts And Entmnt Ltd (MLCO) had $1.0B in cash and equivalents against $6.7B 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 11.6% in fiscal year 2025, 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 3.6% in fiscal year 2025, 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 $818.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

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

Melco Resorts And Entmnt Ltd (MLCO) had $7.6B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Melco Resorts And Entmnt Ltd buy back shares?

Yes, Melco Resorts And Entmnt Ltd (MLCO) spent $166.0M on share buybacks during fiscal year 2025, 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 1.22B shares outstanding as of fiscal year 2025.

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

Melco Resorts And Entmnt Ltd (MLCO) had a current ratio of 1.07 as of fiscal year 2025, 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 -5.41 as of fiscal year 2025, 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 2.4% for fiscal year 2025, 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 -$1.2B as of fiscal year 2025, 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 0.39, 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 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 Melco Resorts And Entmnt Ltd's earnings high quality?

Melco Resorts And Entmnt Ltd (MLCO) has an earnings quality ratio of 4.42x, 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 1.3x, 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.

How financially healthy is Melco Resorts And Entmnt Ltd?

Melco Resorts And Entmnt Ltd (MLCO) scores 34 out of 100 on our Financial Health Score, indicating weak 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.