15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $17.5B | $206M | 0.0% | 5.7% | 8.5% | 0.5% | $1.5B | $6.2B | $2.1B |
| 2024 | $17.2B | $747M | 0.0% | 8.6% | 24.7% | 1.8% | $1.2B | $6.4B | $2.4B |
| 2023 | $16.2B | $1.1B | 0.0% | 11.7% | 30.0% | 2.7% | $1.8B | $6.3B | $2.9B |
| 2022 | $13.1B | $1.5B | 0.0% | 11.0% | 30.5% | 3.2% | $991M | $8.7B | $5.9B |
| 2021 | $9.7B | $1.3B | 0.0% | 23.5% | 20.7% | 3.1% | $883M | $12.8B | $4.7B |
| 2020 | $5.2B | -$1.0B | 0.0% | -12.4% | -15.9% | -2.8% | -$1.8B | $12.4B | $5.1B |
| 2019 | $12.9B | $2.0B | 0.0% | 30.5% | 26.5% | 6.0% | $1.1B | $11.2B | $2.3B |
| 2018 | $11.8B | $467M | 0.0% | 12.5% | 7.2% | 1.5% | $236M | $15.1B | $1.5B |
| 2017 | $10.8B | $2.0B | 0.0% | 15.9% | 25.8% | 6.7% | $342M | $12.9B | $1.5B |
| 2016 | $9.5B | $1.1B | 0.0% | 21.9% | 17.8% | 3.9% | -$729M | $13.0B | $1.4B |
| 2015 | — | -$446M | — | — | -8.7% | -1.8% | -$462M | $12.7B | $1.7B |
| 2014 | — | -$150M | — | — | -3.7% | -0.6% | — | $14.1B | $1.7B |
| 2013 | — | -$172M | — | — | -4.1% | -0.7% | — | $13.4B | $1.8B |
| 2012 | — | -$1.8B | — | — | -40.5% | -6.7% | — | $13.6B | $1.5B |
| 2011 | — | $3.1B | — | — | 51.2% | 11.2% | — | $13.5B | $1.9B |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $4.5B | $292M | 0.0% | 11.3% | 11.6% | 0.7% | $317M | $6.1B | $2.5B |
| Mar '26 | $4.5B | $125M | 0.0% | 6.8% | 5.1% | 0.3% | $413M | $6.4B | $2.3B |
| Dec '25 | $4.6B | $294M | 0.0% | 7.1% | 12.1% | 0.7% | $359M | $6.2B | $2.1B |
| Sep '25 | $4.3B | -$285M | 0.0% | -2.7% | -10.7% | -0.7% | $405M | $6.2B | $2.1B |
| Jun '25 | $4.4B | $49M | 0.0% | 9.2% | 1.6% | 0.1% | $377M | $6.2B | $2.0B |
| Mar '25 | $4.3B | $149M | 0.0% | 9.0% | 5.2% | 0.4% | $319M | $6.4B | $2.3B |
| Dec '24 | $4.3B | $157M | 0.0% | 6.7% | 5.2% | 0.4% | $268M | $6.4B | $2.4B |
| Sep '24 | $4.2B | $185M | 0.0% | 7.5% | 5.7% | 0.4% | $331M | $6.9B | $3.0B |
| Jun '24 | $4.3B | $187M | 0.0% | 9.8% | 5.8% | 0.4% | $236M | $6.3B | $2.4B |
| Mar '24 | $4.4B | $217M | 0.0% | 10.5% | 6.3% | 0.5% | $377M | $6.3B | $2.7B |
| Dec '23 | $4.4B | $313M | 0.0% | 9.6% | 8.2% | 0.7% | $387M | $6.3B | $2.9B |
| Sep '23 | $4.0B | $161M | 0.0% | 9.3% | 4.1% | 0.4% | $484M | $6.5B | $3.3B |
| Jun '23 | $3.9B | $201M | 0.0% | 9.4% | 4.5% | 0.5% | $323M | $6.7B | $3.8B |
| Mar '23 | $3.9B | $467M | 0.0% | 18.9% | 9.6% | 1.1% | $564M | $6.9B | $4.5B |
| Dec '22 | $3.6B | $284M | 0.0% | -0.1% | 5.9% | 0.6% | $115M | $8.7B | $5.9B |
| Sep '22 | $3.4B | -$577M | 0.0% | -30.6% | -11.9% | -1.2% | $181M | $8.6B | $5.3B |
| Jun '22 | $3.3B | $1.8B | 0.0% | 72.9% | 31.1% | 3.7% | $377M | $8.4B | $5.8B |
| Mar '22 | $2.9B | -$18M | 0.0% | 3.7% | -0.4% | -0.0% | $319M | $11.8B | $2.7B |
| Dec '21 | $3.1B | $131M | 0.0% | 12.1% | 2.2% | 0.3% | $318M | $12.8B | $4.7B |
| Sep '21 | $2.7B | $1.4B | 0.0% | 69.9% | 19.8% | 3.3% | $380M | $12.6B | $5.6B |
How the market has priced MGM against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, MGM Resorts's revenue has grown 27.7% per year. These are computed facts, not advice.
As of FY2025, MGM Resorts reported $6.2B of total debt against $2.1B of cash; operating income covered interest expense 2.4×.
In FY2025, gross margin was —, operating margin 5.7%, and net margin 1.2%.
As of Sep '26, MGM Resorts traded at a price-to-earnings ratio of about 50.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.