MARKETS / NYSE / MGM
NYSE · HOTELS & MOTELS · LARGE CAP

MGM Resorts International MGM

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$17.5B
▲ 1.7% vs FY2024
EPS · FY25
$0.76
Dividend / sh · FY25
Payout · FY25
ROE · FY25
7.5%
Net margin · FY25
1.2%
Dividend coverage
349.0×
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Result
USD 17.5B
Revenue, FY2025 · full 18-year series below
Revenue Net income
510152017.50.22008201120142017202020232025
510152017.50.22016201920222025

1 cents of every revenue dollar became profit this year.

Per share
USD 0.76
Diluted EPS, FY2025
EPS Dividend
2460.762008201120142017202020232025
2460.762016201920222025

Earnings covered the dividend 349.0 times — the rest stayed in the company.

Profitability
7.5%
Return on equity, FY2025
ROE
204060807.5%2008201120142017202020232025
204060807.5%2016201920222025
Operating margin5.7%
Net margin1.2%
Return on assets0.5%

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

Returned to shareholders
USD 1.2B
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 1.2B
Share of profit596.6%
Consecutive raises

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

Growth
+27.7% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+10.1%
+27.7%
+6.7%
+7.3%
Net income
−48.1%
EPS, diluted
−39.8%
Dividend / share
−73.2%
−53.1%
Returned to shareholders
−23.8%
+23.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.26B
Shares outstanding, FY2025
0.440.262008201120142017202020232025
0.570.262016201920222025
Change, 5 years−47.7%
Change, 10 years−54.3%

The share count shrank 48% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 41.4B
total assets, end of FY2025
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.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
17.5
17.2
16.2
13.1
9.7
5.2
12.9
11.8
10.8
9.5
9.2
10.1
9.8
9.2
7.8
6.1
6.0
7.2
Operating income $B
1.0
1.5
1.9
1.4
2.3
−0.6
3.9
1.5
1.7
2.1
−0.2
1.3
1.1
0.1
4.1
−1.2
−1.0
−0.1
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
−0.2
0.1
0.2
0.7
0.3
−0.2
0.6
0.1
−1.1
0.0
−0.0
0.3
0.0
−0.1
−0.4
−0.8
−0.7
0.2
Net income $B
0.2
0.7
1.1
1.5
1.3
−1.0
2.0
0.5
2.0
1.1
−0.4
−0.1
−0.2
−1.8
3.1
−1.4
−1.3
−0.9
EPS, diluted $
0.76
2.40
3.19
3.49
2.41
−2.02
3.88
0.81
3.34
1.92
−0.82
−0.31
−0.35
−3.62
5.62
−3.19
−3.41
−3.06
Dividend / sh $
·
·
·
0.01
0.01
0.16
0.52
0.48
0.44
0.00
0.00
·
·
·
·
·
·
·
Payout %
·
0
0
0
0
−8
13
56
13
0
−0
·
·
·
·
·
·
·
ROE %
7.5
21.8
26.4
27.0
19.9
−14.5
28.8
6.6
28.3
19.4
−9.7
−3.6
−4.0
−33.8
69.1
−42.3
−32.9
−21.5
Shares out B
0.26
0.29
0.33
0.38
0.45
0.49
0.50
0.53
0.57
0.57
0.56
0.49
0.49
0.49
0.49
0.49
0.44
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
51 of 51
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed