MARKETS / NASDAQ / Consumer discretionary / Hotels and lodging / MLCO

NASDAQ · HOTELS & MOTELS · LARGE CAP

Melco Resorts & Entertainment Ltd. MLCO

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$5.2B

▲ 11.3% YoY

Net income

$185.0M

▲ 325.0% YoY

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

In brief

What this company does

The company is a developer, owner and operator of integrated resort facilities in Asia and Europe. In Macau, it operates three major casino-based facilities — City of Dreams, Studio City and Altira Macau — together with non-casino operations at its Mocha Clubs, and it also runs a casino-based operation in the Philippines, City of Dreams Manila. In 2019, it expanded outside Asia into Europe through the acquisition of a 75% equity interest in ICR Cyprus, which owns and operates City of Dreams Mediterranean and three satellite casinos in Cyprus. It commenced operations of the Sri Lanka Casino and management of Nüwa Sri Lanka at City of Dreams Sri Lanka in the third quarter of 2025. City of Dreams, which opened in June 2009 in Cotai, Macau, is a premium-focused property targeting high-end customers and rolling chip patrons from regional markets. Studio City, which opened in October 2015, is a large-scale cinematically-themed integrated resort whose gaming operations focus primarily on the mass market and target all ranges of mass-market patrons. Altira Macau caters to the premium mass and mass operations.

Written from the business description in Melco Resorts & Entertainment LTD's annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth

USD 5.2B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 5.2 · Net income 0.2

2.5B5.0B-0.5B-1.0B

2008201120142017202020232025

Compound annual growth

Revenue

+56.4%

+24.5%

+2.7%

+4.6%

Net income

+5.8%

EPS, diluted

+9.0%

Dividend / share

−53.9%

+7.2%

Returned to shareholders

−26.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +24.5% a year over the five years to FY2025.

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 11.6% · Net 2.8%

5%10%15%-50%

200820162025

ROE

FY2021 · ROE -120.5%

5%10%15%-50%-100%

200820162025

Three returns, three denominators.

Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on assets1.9%

Return on capital employed9.1%

Gross margin·

Operating margin11.6%

Net margin2.8%

EBITDAUSD 1.1B

Return on equity has no reading this year — return on capital employed, just below, still does: 9%.

Cash & shareholders

USD 78,000.00

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2019 · FCF 0.8

0.3B0.6B-0.5B-1.0B

200820162025

Net buybacks $M Dividends $M

FY2025 · Dividends 0.1 · Net buybacks ·

500M1000MDividendsNet buybacks

20122014201620182020202220242025

Dividends paidUSD 78,000.00

Net buybacks·

Share of profit0.0%

Consecutive raises·

USD 78,000.00 in dividends — 0% of the year's profit went back to shareholders.

Total assetsUSD 7.6B

EquityUSD -1.2B

CashUSD 1.0B

Gross debtUSD 6.7B

Net debtUSD 5.7B

Current ratio1.07×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

MLCO, 18-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	5.2	4.6	3.8	1.3	2.0	1.7	5.7	5.2	5.3	4.5	4.0	4.8	5.1	4.1	3.8	2.6	1.3	1.4
Operating income $B	0.6	0.5	0.1	−0.7	−0.6	−0.9	0.7	0.6	0.6	0.4	0.1	0.7	0.8	0.5	0.4	0.1	−0.3	0.0
EBITDA $B	1.1	1.0	0.5	−0.3	−0.1	−0.4	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0	−0.0	−0.0
Net income $B	0.2	0.0	−0.3	−0.9	−0.8	−1.3	0.4	0.3	0.3	0.2	0.1	0.6	0.6	0.4	0.3	−0.0	−0.3	−0.0
Free cash flow $B	◌	◌	◌	◌	◌	◌	0.8	◌	◌	◌	◌	◌	◌	0.7	0.7	0.2	−1.0	−1.1
EPS, diluted $	0.15	0.03	−0.25	−0.67	−0.57	−0.88	0.26	0.22	0.23	0.12	0.07	0.37	0.38	0.25	0.18	−0.01	−0.21	−0.00
Dividend / sh $	◌	◌	◌	◌	◌	0.06	0.21	0.19	0.56	0.24	0.04	0.21	◌	◌	◌	◌	◌	◌
Payout %	0	1	−0	−0	−0	−6	81	80	238	219	59	56	0	0	—	—	—	—
ROE %	—	—	—	—	−120.5	−71.4	15.8	13.1	11.1	4.6	2.5	14.3	16.7	13.2	10.8	−0.4	−12.5	◌
Shares out B	1.17	1.26	1.31	1.34	1.42	1.43	1.44	1.44	1.47	1.47	1.62	1.62	1.65	1.65	1.64	◌	◌	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

AMZN · WMT · COST · HD · TGT · DIS

Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityHotels & Motels

Listed onNASDAQ

Incorporated inoutside the United States — SEC code E9

Fiscal year endsDecember 31

Data on record since2008

Melco Resorts & Entertainment Ltd. MLCO

What this company does

Growth↗ Share

Profitability↗ Share

Cash & shareholders↗ Share

The 18-year record

Other companies filing in the same sector

Company facts, as filed

Growth

Profitability

Cash & shareholders