MGM Resorts International (MGM) EBITDA Margin (2009 - 2026)
MGM Resorts International (MGM) recorded EBITDA Margin of 9.53% in Q3 2026, up 5.90 percentage points from 3.63% a year earlier but down 8.27 percentage points from the prior quarter.
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Analysis
MGM Resorts International (MGM) EBITDA Margin (2009 - 2026) Analysis & Trends
On a TTM basis, MGM Resorts International's EBITDA Margin came in at 13.40% as of Sep 30, 2026, up 2.15 percentage points year-over-year; for FY2025, it was 11.67%, down 1.96 percentage points from FY2024.
- Annual EBITDA Margin has declined for three straight years, with a five-year change of 0.00 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 13.62% in FY2024 (-3.29 pp), 16.91% in FY2023 (-20.83 pp), 37.74% in FY2022 (+1.90 pp) and 35.84% in FY2021 (+24.17 pp).
- Quarterly EBITDA Margin has ranged from 3.63% in Q3 2025 to 84.40% in Q2 2022 over the past five years.
- On a year-over-year basis, EBITDA Margin rose in four of the last eight quarters, with an average year-over-year change of -0.48 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 59.82 percentage points in Q2 2022, against a drop of 69.87 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 17.80% (Q2 2026), 12.83% (Q1 2026) and 13.25% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn | 30.91% |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn | -20.29% |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn | 27.30% |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn | 0.84% |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn | 21.08% |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn | 9.53% |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | 11.82% |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 42.11% |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn | 29.31% |
| 10 | Caesars Entertainment | 5.97 Bn | 2.39 Bn | 1.44 Bn | 27.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.53% |
| Jun 30, 2026 | 17.80% |
| Mar 31, 2026 | 12.83% |
| Dec 31, 2025 | 13.25% |
| Sep 30, 2025 | 3.63% |
| Jun 30, 2025 | 14.84% |
| Mar 31, 2025 | 14.69% |
| Dec 31, 2024 | 11.68% |
| Sep 30, 2024 | 13.26% |
| Jun 30, 2024 | 14.43% |
| Mar 31, 2024 | 15.10% |
| Dec 31, 2023 | 14.44% |
| Sep 30, 2023 | 14.57% |
| Jun 30, 2023 | 14.75% |
| Mar 31, 2023 | 24.31% |
| Dec 31, 2022 | 39.73% |
| Sep 30, 2022 | 10.73% |
| Jun 30, 2022 | 84.40% |
| Mar 31, 2022 | 14.18% |
| Dec 31, 2021 | 22.12% |
API Access
MGM Resorts International EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "MGM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();