MGM Resorts International (MGM)
Consumer Cyclical · Resorts & Casinos · NYSE
MGM Resorts International revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.48B | $10.80B | $11.76B | $12.90B | $5.16B | $9.68B | $13.13B | $16.16B | $17.24B | $17.54B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $1.10B | $1.95B | $466.77M | $2.05B | $-1.03B | $1.25B | $1.47B | $1.14B | $746.56M | $205.86M |
| Net margin | 11.6% | 18.1% | 4.0% | 15.9% | -20.0% | 13.0% | 11.2% | 7.1% | 4.3% | 1.2% |
Source: MGM Resorts International SEC filings (10-K). 18 years of history available in the interactive view.
What growth is priced into MGM stock?
At today's market cap of $12.06B, MGM Resorts International is priced for free-cash-flow growth of about -4.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.46B from the FY ending 2025-12-31). For comparison, revenue 27.7%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 18 years of MGM Resorts International financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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MGM Resorts International financial history by metric
About MGM Resorts International
MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. It operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The company operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms. Its casino operations include slots and table games, as well as live dealer, online sports betting, and iGaming through BetMGM. The company's customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
MGM Resorts International — frequently asked questions
What is MGM Resorts International's revenue?
MGM Resorts International (MGM) reported revenue of $17.54B for fiscal year 2025, up 1.7% from the prior year, according to its SEC filings.
Is MGM Resorts International profitable?
Yes. MGM earned net income of $205.86M in fiscal 2025, a net margin of 1.2%.
What is MGM's P/E ratio?
MGM Resorts International trades at a price-to-earnings ratio of about 64.6 based on the latest data in our nightly-refreshed cache.
How fast is MGM Resorts International growing?
MGM's revenue grew at roughly 27.7% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does MGM Resorts International have?
As of fiscal year 2025, MGM carried roughly $6.23B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is MGM Resorts International's market cap?
MGM Resorts International (MGM) has a market capitalization of about $12.06B, based on the latest data in our nightly-refreshed cache.
When does MGM Resorts International's fiscal year end?
MGM's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into MGM stock?
At today's market cap of $12.06B, MGM Resorts International is priced for free-cash-flow growth of about -4.6% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $1.46B from the FY ending 2025-12-31). For comparison, revenue 27.7%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from MGM Resorts International's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.