MGM Resorts International
About MGM Resorts International
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 include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 56% of total EBITDAR in 2025. MGM also owns US regional assets, which represented a low 20s share of 2025 EBITDAR (MGM's Macao EBITDAR was 23% of the total in 2025). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a second property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
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Financial summary
- Revenue FY2025
- $17.5B
- Net income
- $205.9M
- Total assets
- $41.4B
- Market cap
- $12.2B
- Operating margin
- 5.7%
- Net margin
- 3.0%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $17.5B
- Operating expenses
- $16.5B
- Operating income
- $1.0B
- Income tax
- -$240.1M
- Net income
- $520.9M
- EPS (basic)
- $0.77
- EPS (diluted)
- $0.76
Balance sheet
- Total assets
- $41.4B
- Current assets
- $4.3B
- Total liabilities
- $38.1B
- Current liabilities
- $3.5B
- Shareholders’ equity
- $3.3B
Cash flow
- Operating cash flow
- $2.5B
- Investing cash flow
- -$1.1B
- Financing cash flow
- -$1.7B
- Net cash flow
- -$338.1M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $12.2B
- P/E ratio
- 62.2
- EPS (diluted)
- $0.76
- Dividend yield
- 0.02%
- Shares outstanding
- 257.2M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Nov 12, 1997
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Profitable — net income of $205.9M in FY2025.
- Revenue grew 81% from FY2021 to FY2025.
- Trading 7% below its 52-week high.
- Pays a dividend yielding about 0.02% annually.
- Valued at a price-to-earnings (P/E) ratio of 62.2.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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