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MGM · MGM Resorts International · Financials

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$28.33 -1.17 (-3.97%)
Market Cap
$7.42B
Shares
251.59M
Volume · Oct 23 1.86M Avg daily vol (3M) 3.6M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$17.54B +1.7%
FY2025 Revenue FY2008–FY2025
Net Income
$205.86M -72.4%
FY2025 Net Income FY2008–FY2025
Operating Margin
5.71% -2.9pp
FY2025 Operating Margin FY2008–FY2025
Diluted EPS
$0.76 -68.3%
FY2025 Diluted EPS FY2008–FY2025
Operating Cash Flow
$2.53B +7.1%
FY2025 Operating Cash Flow FY2008–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009 FY2008
$17.76B $17.54B $17.24B $16.16B $13.13B $9.68B $5.16B $12.9B $11.76B $10.8B $9.48B $9.19B $10.08B $9.81B $9.16B $7.85B $6.06B $6.01B $7.21B
— — — — — — — — — — — $1.31B $1.32B $1.28B $1.24B $1.18B $1.13B — —
$5.05B $4.88B $4.83B $4.7B $4.23B $2.51B $2.12B $2.1B $1.76B $1.56B $1.38B $1.31B $1.32B — — $1.18B $1.13B $1.1B $1.28B
— $139M $119M $103M $2.7B $197M $194M $192M $176M $173M $180M $199M $232M $243M $321M $181M $1M — —
$1.09B $1.02B $831.1M $814.13M $3.48B $1.15B $1.21B $1.3B $1.18B $993.48M $849.53M $819.88M $815.77M $849.23M $927.7M $817.15M $633.42M $689.27M $778.24M
— — — — $0 $0 $26.03M $92.14M $0 $0 — — — — — — — — —
— — — — — — — — — — — — — $20.35M — — — — —
$16.84B $16.61B $15.66B $14.21B $11.53B $7.49B $5.85B $9.08B $10.44B $9.23B $7.93B $9.6B $8.82B $8.74B $9.02B $3.88B $7.14B $6.89B $7.43B
$1.02B $1B $1.49B $1.89B $1.44B $2.28B -$642.43M $3.94B $1.47B $1.71B $2.08B -$156.23M $1.32B $1.14B $121.35M $4.06B -$1.16B -$963.88M -$129.6M
— 5.71% 8.65% 11.7% 10.96% 23.54% -12.45% 30.55% 12.49% 15.86% 21.93% -1.7% 13.13% 11.59% 1.32% 51.69% -19.14% -16.04% -1.8%
$2.1B $2.02B $2.32B $2.71B $4.92B $3.43B $568.12M $5.24B $2.65B $2.71B $2.93B $663.65M $2.14B $1.99B $1.05B $4.87B -$525.51M -$274.6M $648.63M
$409.01M $419.04M $443.23M $460.29M $594.95M $799.59M $676.38M $847.93M $769.51M $668.75M $694.77M $797.58M $817.06M $857.35M $1.12B $1.09B $1.11B $775.43M $609.29M
-$521.03M -$721M -$373.39M -$418.73M -$535.57M -$816.9M -$869.05M -$1.09B -$835.48M -$751.74M -$820.61M -$890.01M -$912.65M -$1.08B -$1.86B -$1.23B -$1.06B -$1.05B -$539.39M
$97.83M $71.12M -$91.39M -$63.14M -$183.67M $1.58M -$60.37M $57.23M $96.54M $111.47M $471.98M $177.95M -$24.88M -$140.36M -$148.3M -$27.92M -$190.66M $188.18M -$40.75M
-$80.12M -$22.42M -$32.24M -$1.11M — — — — — — — — — — — — — — —
$496.01M $280.78M $1.12B $1.47B $903.8M $1.46B -$1.51B $2.85B $634.01M $960.79M $1.26B -$1.05B $410.89M $62.19M -$1.73B $2.83B -$2.22B — —
-$177.62M -$240.09M $52.46M $157.84M $697.07M $253.42M -$191.57M $632.35M $50.11M -$1.13B $21.74M -$6.59M $283.71M $20.82M -$117.3M -$403.31M -$778.63M -$720.91M $186.3M
$425.93M $205.86M $746.56M $1.14B $1.47B $1.25B -$1.03B $2.05B $466.77M $1.95B $1.1B -$447.72M -$149.87M -$171.73M -$1.77B $3.11B -$1.44B -$1.29B -$855.29M
— 1.17% 4.33% 7.07% 11.22% 12.96% -20.01% 15.89% 3.97% 18.08% 11.61% -4.87% -1.49% -1.75% -19.3% 39.68% -23.74% -21.49% -11.86%
$247.7M $315.01M $318.05M $172.74M -$1.27B -$45.98M -$287.18M $165.23M $117.12M $136.13M $135.44M -$591.93M $277.05M $213.11M $150.78M $120.31M — — —
$423.59M $211.09M $743.65M $1.14B $1.44B $1.18B -$997.2M $2.05B $445.45M $1.93B $1.1B -$447.72M -$149.87M -$171.73M -$1.77B $3.11B -$1.44B -$1.29B —
$266.92M $587.58M $541.45M $1.25B $1.52B $1.25B -$1.06B $2.05B $461.83M $1.93B $1.1B -$446.69M -$149.39M -$173.53M -$1.76B $3.12B -$1.44B -$1.24B —
USD/shares $1.68 $0.77 $2.42 $3.22 $3.52 $2.44 -$2.02 $3.90 $0.82 $3.38 $1.94 -$0.82 -$0.31 -$0.35 -$3.62 $6.37 -$3.19 -$3.41 -$3.06
USD/shares $1.66 $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
shares — 275.05M 307.41M 354.93M 409.2M 481.93M 494.15M 524.17M 544.25M 572.25M 568.13M 542.87M 490.88M 489.66M 488.99M 488.65M 450.45M 378.51M —
shares — 277.28M 310.23M 358.63M 412.99M 487.36M 494.15M 527.65M 549.54M 578.8M 573.32M 542.87M 490.88M 489.66M 488.99M 560.9M 450.45M 378.51M —
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $13.64B in buybacks, $870.34M in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Finance lease liabilities 2026-06-30 USD 212,656,000 10-Q filed 2026-07-29
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current finance lease liabilities
USD 72,981,000
Noncurrent finance lease liabilities
USD 139,675,000
Long-term debt, including current maturities 2026-06-30 USD 6,068,442,000 10-Q filed 2026-07-29
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Noncurrent debt carrying amount
USD 6,068,442,000
Operating lease liabilities 2026-06-30 USD 23,877,591,000 10-Q filed 2026-07-29
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current operating lease liabilities
USD 99,076,000
Noncurrent operating lease liabilities
USD 23,778,515,000
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
2 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

6.25% senior notes due 2033

Note · MGM China Holdings Limited

Reference: 6.25% senior notes due 2033

Active
Original principal
USD 750,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—

Last reported interest terms: 6.25% Reported 2026-05-14 Later filings may not restate these terms; this does not confirm they still apply.

Covenant terms for this agreement are not yet verified.

Documents and filing history
  1. Issuance · 2026-05-13 Original principal USD 750,000,000 Exact source document Parent 8-K filing · 2026-05-14
    On May 13, 2026, MGM China Holdings Limited (the “Issuer”), a consolidated subsidiary of MGM Resorts International, a Delaware corporation, issued $750 million in aggregate principal amount of 6.25% senior notes due 2033 under an indenture dated as of May 13, 2026 (the “Indenture”), between the Issuer and Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”). The notes were sold in the United States only to accredited investors pursuant to an exemption from the Securities Act of 1933, as amended (the “Securities Act”), and subsequently resold to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.
    Issuer evidence: On May 13, 2026, MGM China Holdings Limited (the “Issuer”), a consolidated subsidiary of MGM Resorts International, a Delaware corporation, issued $750 million in aggregate principal amount of 6.25% senior notes due 2033 under an indenture dated as of May 13, 2026 (the “Indenture”), between the Issuer and Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”). The notes were sold in the United States only to accredited investors pursuant to an exemption from the Securities Act of 1933, as amended (the “Securities Act”), and subsequently resold to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.
    Supporting evidence: On May 13, 2026, MGM China Holdings Limited (the “Issuer”), a consolidated subsidiary of MGM Resorts International, a Delaware corporation, issued $750 million in aggregate principal amount of 6.25% senior notes due 2033 under an indenture dated as of May 13, 2026 (the “Indenture”), between the Issuer and Wilmington Savings Fund Society, FSB, as trustee (the “Trustee”). The notes were sold in the United States only to accredited investors pursuant to an exemption from the Securities Act of 1933, as amended (the “Securities Act”), and subsequently resold to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in accordance with Regulation S under the Securities Act.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
0.62×
Peer median 2.07×
EV/EBIT
10.76×
Peer median 13.57×
P/E (TTM)
17.77×
Peer median 19.69×

Peer medians compare against the 11 similar-size Resorts & Casinos companies (of 18 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Las Vegas Strip Resorts $8,441,503,000 $8,816,113,000 $8,799,146,000 $8,398,372,000 $4,737,185,000 $2,245,785,000 $5,831,051,000 $5,716,672,000
MGM China $4,461,743,000 $4,022,384,000 $3,153,609,000 $673,593,000 $1,210,761,000 $656,703,000 $2,905,422,000 $2,449,957,000
Regional Operations $3,772,333,000 $3,720,322,000 $3,670,309,000 $3,815,885,000 $3,392,363,000 $1,967,171,000 $3,549,784,000 $2,934,521,000

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022
United States $12,411,625,000 $12,664,897,000 $12,577,085,000 $12,320,411,000
China $4,464,095,000 $4,020,420,000 $3,153,520,000 $673,655,000
Non-US Other $661,963,000 $555,228,000 $433,644,000 $133,419,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Casino $9,450,887,000 $8,785,649,000 $8,087,917,000 $5,734,173,000 $5,362,912,000 $2,871,720,000 $6,517,759,000 $5,753,150,000
Occupancy $3,377,400,000 $3,681,617,000 $3,500,926,000 $3,057,145,000 $1,690,037,000 $830,382,000 $2,322,579,000 $2,212,573,000
Food And Beverage $3,045,965,000 $3,078,731,000 $2,891,483,000 $2,604,238,000 $1,391,605,000 $696,040,000 $2,145,247,000 $1,959,021,000
Entertainment Retail and Other $1,663,431,000 $1,694,548,000 $1,683,923,000 $1,731,929,000 $1,009,503,000 $518,991,000 $1,477,200,000 $1,412,860,000
Reimbursed Costs — — — — $226,083,000 $244,949,000 $436,887,000 $425,492,000
Key facts CIK 789570 CUSIP 552953101 13F (30d) 126 filings 108 filers Visit website Investor relations