MGM Resorts International financials

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MGM CIK 0000789570

Source: EDGAR filings · Built 2026-06-02T03:32:56Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 1.39B 1.16B 1.69B 907.26M 809.47M -1.80B
EBITDA 2.02B 2.32B 2.71B 4.92B 3.43B 568.12M
Working Capital 820.32M 1.01B 1.78B 3.64B 2.97B 4.09B
Net Debt 29.49B 29.44B 28.71B 28.17B 20.07B 15.91B
Operating Margin 5.71% 8.65% 11.70% 10.96% 23.54% -12.45%
Net Margin 1.17% 4.33% 7.07% 11.22% 12.96% -20.01%
Return on Equity (ROE) 8.47% 24.69% 29.97% 30.49% 20.66% -15.88%
Return on Assets (ROA) 0.50% 1.77% 2.70% 3.22% 3.07% -2.83%
Current Ratio 1.23× 1.30× 1.57× 1.81× 1.86× 3.21×
Debt-to-Equity 12.99× 10.54× 8.30× 7.05× 4.08× 3.23×
Effective Tax Rate -85.51% 4.70% 10.72% 77.13% 17.34% 12.67%
Cash Conversion Ratio 12.29× 3.16× 2.36× 1.19× 1.09× 1.45×
Accruals Ratio -0.06× -0.04× -0.04× -0.01× -0.00× 0.01×
SBC % of Revenue 0.52% 0.47% 0.46% 0.54% 0.67% 2.07%
CapEx Coverage 2.22× 1.96× 2.68× 2.07× 2.44× -4.89×
Free Cash Flow Per Share $5.01 $3.73 $4.71 $2.20 $1.66 $-3.64

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 48.01× 14.44× 14.01× 9.61× 18.62× —
P/FCF 7.28× 9.29× 9.50× 15.26× 27.02× —
FCF Yield 13.74% 10.76% 10.53% 6.55% 3.70% —
EV / EBITDA 19.27× 17.07× 16.00× 8.31× 11.79× 55.42×
P/S 0.54× 0.59× 0.90× 0.97× 2.10× 3.02×
P/B 3.88× 3.37× 3.83× 2.63× 3.35× 2.39×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 17.54B 17.24B 16.16B 13.13B 9.68B 5.16B
Selling, General and Administrative Expense 4.88B 4.83B 4.70B 4.23B 2.51B 2.12B
Operating Income (Loss) 1.00B 1.49B 1.89B 1.44B 2.28B -642.43M
Income Tax Expense (Benefit) -240.09M 52.46M 157.84M 697.07M 253.41M -191.57M
Net Income (Loss) Attributable to Parent 205.86M 746.56M 1.14B 1.47B 1.25B -1.03B
Earnings Per Share, Basic $0.77 $2.42 $3.22 $3.52 $2.44 $-2.02
Weighted Average Number of Shares Outstanding, Basic 275.05M 307.41M 354.93M 409.20M 481.93M 494.15M
Earnings Per Share, Diluted $0.76 $2.40 $3.19 $3.49 $2.41 $-2.02
Weighted Average Number of Shares Outstanding, Diluted 277.27M 310.23M 358.63M 412.99M 487.36M 494.15M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 2.06B 2.42B 2.93B 5.91B 4.70B 5.10B
Assets, Current 4.33B 4.36B 4.91B 8.15B 6.42B 5.95B
Assets 41.37B 42.23B 42.37B 45.69B 40.90B 36.49B
Long-term Debt 6.23B 6.36B 6.34B 8.72B 12.77B 12.38B
Liabilities, Current 3.51B 3.35B 3.13B 4.52B 3.44B 1.86B
Long-term Debt, Excluding Current Maturities 6.23B 6.36B 6.34B 7.43B 11.77B 12.38B
Liabilities 38.10B 38.51B 38.00B — — —
Stockholders' Equity Attributable to Parent 2.43B 3.02B 3.81B 4.83B 6.07B 6.50B
Common Stock, Shares, Outstanding 258.32M 294.37M 326.55M 379.09M 453.80M 494.32M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 2.53B 2.36B 2.69B 1.76B 1.37B -1.49B
Payments to Acquire Property, Plant, and Equipment 1.07B 1.15B 931.81M 765.07M 490.70M 270.58M
Net Cash Provided by (Used in) Investing Activities -1.14B -1.28B -714.17M 2.12B 1.54B 2.16B
Payments for Repurchase of Common Stock 1.23B 1.36B 2.29B 2.78B 1.75B 353.72M
Net Cash Provided by (Used in) Financing Activities -1.73B -1.56B -5.00B -3.02B -2.81B 2.10B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (MGM CIK 0000789570), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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