MGM RESORTS INTERNATIONAL (MGM) Financial Statements
Historical financial data — 42 statements covering FY2016–FY2025
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties includ...
MGM RESORTS INTERNATIONAL's revenue increased 1.7% year over year, from $17.24B to $17.54B.
Net income decreased 72.4% over the same period, from $746.6M to $205.9M.
Over the 9-year period from FY2016 to FY2025, revenue grew by 85% in total.
Total debt remained relatively stable at $6.23B.
The debt-to-equity ratio stands at 2.56, indicating a high leverage profile.
Operating cash flow grew 7.1% to $2.53B.
MGM RESORTS INTERNATIONAL maintains a moderate net profit margin of 1.2%.
Recent Financial Statements
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $4.18B-3.3% | $184.6M | $1.87B | $314.9M | $667.4M | $42.74B | $6.23B | $3.23B |
| Q4 FY2024 | $4.35B+3.9% | $157.4M | $1.95B | $291.6M | $671.6M | $42.23B | $6.36B | $3.02B |
| Q1 FY2025 | $4.28B-1.6% | $148.6M | $1.96B | $385.1M | $547.1M | $41.90B | $6.41B | $2.85B |
| Q2 FY2025 | $4.40B+3.0% | $49.0M | $1.96B | $404.6M | $645.9M | $41.70B | $6.21B | $2.97B |
| Q3 FY2025 | $4.25B-3.5% | $-285.3M | $1.85B | $-112.9M | $681.4M | $41.41B | $6.16B | $2.68B |
| Q4 FY2025 | $4.61B+8.3% | $293.6M | $2.03B | $325.0M | $655.0M | $41.37B | $6.23B | $2.43B |
| Q1 FY2026 | $4.45B-3.3% | $125.1M | $1.96B | $301.2M | $567.8M | $41.40B | $31.69B | $3.33B |
| Q2 FY2026 | $4.45B-0.1% | $292.4M | $1.95B | $503.6M | $558.8M | $39.85B | $30.16B | $3.38B |
Balance Sheet Summary (Q2 FY2026)
MGM RESORTS INTERNATIONAL (MGM) Financial Statements & Revenue History
MGM RESORTS INTERNATIONAL (MGM) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Hotels & Motels industry trading at $28.70 with a market capitalization of $7. This page provides 42 historical financial statements for MGM RESORTS INTERNATIONAL, including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, MGM RESORTS INTERNATIONAL reported revenue of $17.5 billion, representing 1.7% year-over-year growth. The net profit margin of 1.2% suggests thin margins. The debt-to-equity ratio of 2.56 signals high leverage.
MGM Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows MGM RESORTS INTERNATIONAL's revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether MGM is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track MGM's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently MGM RESORTS INTERNATIONAL converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of MGM's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use MGM Financial Data
Investors use MGM RESORTS INTERNATIONAL's financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare MGM's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how MGM's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View MGM's financial health score, earnings, and pre-market pricing.
Financial data is sourced from MGM RESORTS INTERNATIONAL's SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.MGM trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.