Companies / Consumer Discretionary
MGM
MGM Resorts
Casinos & Gaming
Casinos & GamingAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health57
Growth44
Profitability24
Cash generation67
Balance sheet49
Dilution control100
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)-0.9%Revenue growth (FY)1.7%Revenue CAGR (3y)10.1%Gross margin—Operating margin5.7%Net margin1.2%Free cash flow margin8.3%R&D / revenue—Stock comp / revenue0.5%Net debt / operating cash flow1.65xCurrent ratio1.23Diluted share count change-10.6%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $9.7B | $13.1B | $16.2B | $17.2B | $17.5B |
| Operating income | $2.3B | $1.4B | $1.9B | $1.5B | $1.0B |
| Net income | $1.3B | $1.5B | $1.1B | $747M | $206M |
| Operating cash flow | $1.4B | $1.8B | $2.7B | $2.4B | $2.5B |
| Capital expenditure | $491M | $765M | $932M | $1.2B | $1.1B |
| Free cash flow | $883M | $991M | $1.8B | $1.2B | $1.5B |
| Stock-based comp | $65M | $71M | $74M | $80M | $90M |
| Buybacks | $1.8B | $2.8B | $2.3B | $1.4B | $1.2B |
| Dividends | $5M | $4M | $0 | $0 | — |
| Cash | $4.7B | $5.9B | $2.9B | $2.4B | $2.1B |
| Total debt | $13.8B | $10.0B | $6.3B | $6.4B | $6.2B |
| Equity | $6.1B | $4.8B | $3.8B | $3.0B | $2.4B |
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