Melco Resorts & Entertainment Limited (MLCO)
Consumer Cyclical · Resorts & Casinos · NasdaqGS
Melco Resorts & Entertainment Limited (MLCO) posted $5.16B in revenue for fiscal 2025 (up 11.3% year over year), at a 3.6% net margin, and has compounded revenue about 56.4%/yr over five years, per its SEC filings.
Data last refreshed June 15, 2026 from SEC filings · how we compute this
Melco Resorts & Entertainment Limited revenue & earnings — last 4 fiscal years
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $1.35B | $3.78B | $4.64B | $5.16B |
| Gross profit | $246.54M | $1.18B | $1.66B | $1.90B |
| Net income | $-930.53M | $-326.92M | $43.54M | $185.04M |
| Net margin | -68.9% | -8.7% | 0.9% | 3.6% |
Source: Melco Resorts & Entertainment Limited SEC filings (10-K).
What growth is priced into MLCO stock?
At today's market cap of $2.13B, Melco Resorts & Entertainment Limited is priced for free-cash-flow growth of about -13.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $476.13M from the FY ending 2025-12-31). 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 4 years of Melco Resorts & Entertainment Limited 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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Melco Resorts & Entertainment Limited financial history by metric
About Melco Resorts & Entertainment Limited
Melco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Macau, the Philippines, Cyprus, and internationally. It operates through City of Dreams, Studio City, Altira Macau, Mocha, City of Dreams Manila, City of Dreams Mediterranean and Other, Other Operations, and Corporate and Other segments. The company owns and operates City of Dreams, an integrated resort that has gaming tables and gaming machines; suites and villas; food and beverage outlets; retail outlets; a wet stage performance theater; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spas and salons, and banquet and meeting facilities in Cotai, Macau. It also operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets in Cotai, Macau; and Altira Macau, an integrated resort, which offers gaming tables and gaming machines, hotel rooms, dining and casual restaurants, and recreation and leisure facilities in Taipa, Macau. In addition, the company owns and operates Mocha Clubs, which are clubs with gaming machines in Macau; City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; City of Dreams Mediterranean, an integrated resort in Limassol, Cyprus; and three satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus. Further, it is involved in the operation of the Sri Lanka Casino and management of Nüwa Sri Lanka located in City of Dreams Sri Lanka, as well as development projects in other countries. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was founded in 2003 and is based in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.
Melco Resorts & Entertainment Limited — frequently asked questions
What is Melco Resorts & Entertainment Limited's revenue?
Melco Resorts & Entertainment Limited (MLCO) reported revenue of $5.16B for fiscal year 2025, up 11.3% from the prior year, according to its SEC filings.
Is Melco Resorts & Entertainment Limited profitable?
Yes. MLCO earned net income of $185.04M in fiscal 2025, a net margin of 3.6%.
What is MLCO's P/E ratio?
Melco Resorts & Entertainment Limited trades at a price-to-earnings ratio of about 9.5 based on the latest data in our nightly-refreshed cache.
How fast is Melco Resorts & Entertainment Limited growing?
MLCO's revenue grew at roughly 56.4% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Melco Resorts & Entertainment Limited have?
As of fiscal year 2025, MLCO carried roughly $6.75B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Melco Resorts & Entertainment Limited's gross margin?
MLCO's gross margin was 36.7% in fiscal 2025 — gross profit of $1.90B on revenue of $5.16B.
What is Melco Resorts & Entertainment Limited's market cap?
Melco Resorts & Entertainment Limited (MLCO) has a market capitalization of about $2.13B, based on the latest data in our nightly-refreshed cache.
When does Melco Resorts & Entertainment Limited's fiscal year end?
MLCO's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into MLCO stock?
At today's market cap of $2.13B, Melco Resorts & Entertainment Limited is priced for free-cash-flow growth of about -13.9% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $476.13M from the FY ending 2025-12-31).
Where does this data come from?
All figures are computed from Melco Resorts & Entertainment Limited's official SEC filings (10-K and 10-Q), covering 4 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.