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MGM Resorts International

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Key Metrics

Previous Close: $43.22
52-Week Range: $29.19 – $51.59
Market Cap: $11.05B
P/E (TTM): 26.16
EPS (TTM): 1.65
Dividend Yield: —

Advanced Metrics

Price/Book: 4.32
PEG Ratio: 0.60
Return on Equity: 18.92%
Return on Assets: 1.77%
Gross Margin: 44.16%
Operating Margin: 6.79%
Profit Margin: 2.40%
Current Ratio: 1.33
Debt/Equity: 8.93
Total Debt: $30.16B
Free Cash Flow: $878.99M
Revenue Growth: 1.00%
Earnings Growth: 519.40%
Enterprise Value: $39.13B

MGM Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$13.13B	$16.16B	$17.24B	$17.54B
Cost of Revenue	$6.65B	$8.55B	$9.39B	$9.75B
Gross Profit	$6.47B	$7.61B	$7.85B	$7.79B
Selling, General & Admin	$4.23B	$4.70B	$4.83B	$4.88B
Operating Expenses	$8.19B	$6.03B	$6.18B	$6.45B
Operating Income	-$1.71B	$1.58B	$1.67B	$1.34B
EBITDA	$4.98B	$2.75B	$2.39B	$1.72B
Pretax Income	$903.80M	$1.47B	$1.12B	$280.78M
Income Tax	$697.07M	$157.84M	$52.46M	-$240.09M
Net Income	$1.47B	$1.14B	$746.56M	$205.86M
Diluted EPS	3.49	3.19	2.40	0.76
Diluted Shares	412.99M	358.63M	310.23M	277.27M

MGM Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$5.91B	$2.93B	$2.42B	$2.06B
Receivables	$925.16M	$1.07B	$1.33B	$1.34B
Inventory	$126.06M	$141.68M	$140.56M	$124.53M
Current Assets	$8.15B	$4.91B	$4.36B	$4.33B
Total Assets	$45.69B	$42.37B	$42.23B	$41.37B
Current Liabilities	$4.52B	$3.13B	$3.35B	$3.51B
Long-Term Debt	$7.43B	$6.34B	$6.36B	$6.23B
Total Debt	$33.99B	$31.56B	$31.61B	$31.38B
Total Liabilities	$40.32B	$38.00B	$38.51B	$38.10B
Retained Earnings	$4.79B	$3.66B	$3.08B	$2.11B
Shareholders' Equity	$4.83B	$3.81B	$3.02B	$2.43B
Working Capital	$3.64B	$1.78B	$1.01B	$820.32M
Net Debt	$2.81B	$3.42B	$3.95B	$4.17B

MGM Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.76B	$2.69B	$2.36B	$2.53B
Capital Expenditure	-$765.07M	-$931.81M	-$1.15B	-$1.07B
Free Cash Flow	$991.39M	$1.76B	$1.21B	$1.46B
Depreciation & Amortisation	$3.48B	$814.13M	$831.10M	$1.02B
Stock-Based Compensation	$71.30M	$73.61M	$80.22M	$90.47M
Investing Cash Flow	$2.12B	-$714.17M	-$1.28B	-$1.14B
Financing Cash Flow	-$3.02B	-$5.00B	-$1.56B	-$1.73B
Dividends Paid	-$4.05M	$0.00	$0.00	—
Share Repurchases	-$2.78B	-$2.29B	-$1.36B	-$1.23B
Net Change in Cash	$850.34M	-$3.03B	-$484.95M	-$342.50M

MGM Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$4.40B	$4.25B	$4.61B	$4.45B	$4.45B
Cost of Revenue	$2.45B	$2.40B	$2.58B	$2.46B	$2.47B
Gross Profit	$1.96B	$1.85B	$2.03B	$1.99B	$1.98B
Selling, General & Admin	$1.21B	$1.24B	$1.26B	$1.28B	$1.26B
Operating Expenses	$1.58B	$1.63B	$1.70B	$1.68B	$1.68B
Operating Income	$379.68M	$219.44M	$325.22M	$306.41M	$302.23M
EBITDA	$481.31M	$143.42M	$482.39M	$566.66M	$797.96M
Pretax Income	$133.76M	-$219.59M	$99.83M	$202.25M	$413.52M
Income Tax	$15.66M	-$12.86M	-$282.95M	$27.46M	$90.73M
Net Income	$48.95M	-$285.25M	$293.61M	$125.14M	$292.43M
Diluted EPS	0.18	-1.05	1.11	0.48	1.11
Diluted Shares	275.62M	272.52M	269.10M	258.88M	257.76M

MGM Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$1.96B	$2.13B	$2.06B	$2.29B	$2.55B
Receivables	$1.27B	$1.10B	$1.34B	$1.23B	$1.22B
Inventory	$126.70M	$127.10M	$124.53M	$123.16M	$123.37M
Current Assets	$3.86B	$3.93B	$4.33B	$4.53B	$4.40B
Total Assets	$41.70B	$41.41B	$41.37B	$41.40B	$39.85B
Current Liabilities	$3.17B	$3.18B	$3.51B	$3.39B	$3.30B
Long-Term Debt	$6.21B	$6.16B	$6.23B	$6.40B	$6.07B
Total Debt	$31.22B	$31.15B	$31.38B	$31.34B	$29.85B
Total Liabilities	$37.96B	$37.96B	$38.10B	$38.07B	$36.47B
Retained Earnings	$2.61B	$2.32B	$2.11B	$2.17B	$2.31B
Shareholders' Equity	$2.97B	$2.68B	$2.43B	$2.43B	$2.51B
Working Capital	$691.38M	$747.35M	$820.32M	$1.14B	$1.11B
Net Debt	$4.25B	$4.03B	$4.17B	$4.11B	$3.52B

MGM Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$645.87M	$681.43M	$655.00M	$567.79M	$558.82M
Capital Expenditure	-$268.44M	-$275.99M	-$296.45M	-$154.66M	-$241.38M
Free Cash Flow	$377.43M	$405.44M	$358.54M	$413.13M	$317.44M
Depreciation & Amortisation	$241.97M	$260.72M	$278.66M	$263.73M	$282.31M
Stock-Based Compensation	$16.46M	$14.28M	$31.09M	$35.14M	$15.67M
Investing Cash Flow	-$378.29M	-$334.88M	-$200.58M	-$372.79M	$263.69M
Financing Cash Flow	-$589.69M	-$172.50M	-$498.69M	$39.92M	-$590.71M
Share Repurchases	-$227.88M	-$12.00K	-$511.10M	-$88.90M	-$173.60M
Net Change in Cash	-$322.11M	$174.06M	-$44.28M	$234.92M	$231.81M

Market Snapshot

About

MGM Resorts International is a global hospitality and entertainment company operating iconic casino resorts. The company owns and operates properties including the Bellagio, MGM Grand, and Mandalay Bay in Las Vegas, plus regional casinos and international ventures, offering gaming, lodging, dining, and entertainment experiences.