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NYSE · HOTELS & MOTELS · LARGE CAP

MGM Resorts International MGM

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$17.5B
▲ 1.7% YoY
$205.9M
▼ 72.4% YoY
$1.5B
▲ 20.5% YoY
In brief

What this company does

MGM Resorts International operates 16 domestic casino properties and, through its approximately 56% controlling interest in MGM China Holdings Limited, two casino properties in Macau. Through its 50% ownership interest in MGM Osaka Corporation, it is developing an integrated resort in Osaka, Japan, and it has global online gaming operations through its consolidated subsidiary LV Lion Holding Limited, known together with its subsidiaries as LeoVegas, and through a 50% ownership interest in BetMGM, LLC. It has four reportable segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. MGM China's revenues are generated primarily from gaming operations conducted under a gaming concession held by MGM Grand Paradise, a subsidiary of MGM China. As of December 31, 2025, it had approximately 44,000 full-time and 18,000 part-time employees in the U.S., and 16,000 employees internationally. It leases the real estate assets of its domestic properties pursuant to triple net lease agreements. MGM Resorts International is a Delaware corporation incorporated in 1986.

Written from the business description in MGM Resorts International's annual report to the U.S. Securities and Exchange Commission, filed 11 February 2026. Every sentence was checked against that document before publication.

Growth
USD 17.5B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 17.5 · Net income 0.2
8B16B2008201120142017202020232025
Compound annual growth
+10.1%
+27.7%
+6.7%
+7.3%
−48.1%
−39.8%
−73.2%
−53.1%
−23.8%
+23.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +27.7% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 5.7% · Net 3.0%
20%40%-10%-20%2008201120142017202020232025
ROE
FY2025 · ROE 7.5%
20%40%60%-20%-40%2008201120142017202020232025

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders
USD 1.2B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 1.5
0.8B1.6B-0.8B-1.6B2008201120142017202020232025
Net buybacks $B Dividends $B
FY2025 · Dividends — · Net buybacks 1.2
1.0B2.0B-0.5B-1.0BDividendsNet buybacks2008201620182020202220242025

USD 1.2B in buybacks — 597% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 41.4B
EquityUSD 2.4B
CashUSD 2.1B
Gross debtUSD 6.2B
Net debtUSD 4.2B
Current ratio1.23×

Net debt stands at 171% of equity.

The 18-year record
18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B17.517.216.213.19.75.212.911.810.89.59.210.19.89.27.86.16.07.2
Operating income $B1.01.51.91.42.3−0.63.91.51.72.1−0.21.31.10.14.1−1.2−1.0−0.1
EBITDA $B··················
Income tax $B−0.20.10.20.70.3−0.20.60.1−1.10.0−0.00.30.0−0.1−0.4−0.8−0.70.2
Net income $B0.20.71.11.51.3−1.02.00.52.01.1−0.4−0.1−0.2−1.83.1−1.4−1.3−0.9
Free cash flow $B1.51.21.81.00.9−1.81.10.20.3−0.7−0.50.30.70.50.40.30.5−0.0
EPS, diluted $0.762.403.193.492.41−2.023.880.813.341.92−0.82−0.31−0.35−3.625.62−3.19−3.41−3.06
Dividend / sh $···0.010.010.160.520.480.440.000.00·······
Payout %·0000−81356130−0·······
ROE %7.521.826.427.019.9−14.528.86.628.319.4−9.7−3.6−4.0−33.869.1−42.3−32.9−21.5
Shares out B0.260.290.330.380.450.490.500.530.570.570.560.490.490.490.490.490.44·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Provenance
Company facts, as filed
How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityHotels & Motels
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2008

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