Company profile · free preview
MGM Resorts International
MGM · NYSE · Consumer Cyclical · Updated 10/19/2026
Revenue
$17.5B
Fiscal 2025
Net income
$206.3M
Fiscal 2025
Free cash flow
$1.7B
Fiscal 2025
Net cash / (debt)
(54.1B)
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $17.5B | $17.2B | $16.2B | $13.1B | $9.7B |
| Net income | $206.3M | $746.6M | $1.1B | $1.5B | $1.3B |
| Diluted EPS | $0.76 | $2.40 | $3.19 | $0.50 | $2.41 |
| Operating cash flow | $2.7B | $2.4B | $2.7B | $1.8B | $1.4B |
| Free cash flow | $1.7B | $1.2B | $1.8B | $1.0B | $882.7M |
| Cash | $2.1B | $2.4B | $2.9B | $5.9B | $4.7B |
| Total debt | $56.2B | $31.6B | $31.6B | $34.0B | $24.7B |
SEC filings
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Analyst overview
MGM Resorts International operates a diverse portfolio of casino resorts, offering gaming, hospitality, and entertainment experiences globally. The company primarily generates revenue through its gaming operations, hotel stays, food and beverage sales, and live performances. Its strong brand recognition and expansive resort properties provide a competitive advantage in the leisure and entertainment sector.
Reviewing the financials, MGM has demonstrated consistent revenue growth from 9.7B in 2021 to an anticipated 17.5B in 2025. However, net income has shown variability, peaking at 1.5B in 2022 before an estimated decline to 206.3M in 2025. Free cash flow has generally improved, rising from 882.7M in 2021 to a projected 1.7B in 2025, although it has fluctuated. The balance sheet shows a declining cash position from 5.9B in 2022 to an estimated 2.1B in 2025, while total debt is projected to significantly increase from 31.6B in 2024 to 56.2B in 2025.
MGM's key strengths include its global brand presence and robust free cash flow generation. A primary risk factor is the substantial increase in total debt projected for 2025, which warrants close attention. Investors should monitor the company's strategies for debt management and the sustainability of its net income trends amidst ongoing revenue expansion.
AI-generated from published financials and filings · 10/19/2026. Not investment advice.
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