MGM Resorts International (MGM) EBITDA Margin (2009 - 2026)
MGM Resorts International's (MGM) quarterly EBITDA Margin came in at 11.32% in Q2 2026, up 213.0% year-over-year from 3.62% in Q2 2025, and up 67.33% quarter-over-quarter from 6.76% in Q1 2026.
Analysis
MGM Resorts International (MGM) EBITDA Margin (2009 - 2026) Analysis & Trends
MGM Resorts International has disclosed EBITDA Margin across 18 years of filings, most recently posting 11.32% for Q2 2026.
- In Q2 2026, EBITDA Margin rose 213.0% year-over-year to 11.32%; the TTM figure through Jun 2026 stood at 5.73% (down 238.0% YoY), while the FY2025 annual figure was 5.71%, down 293.0% from the prior year.
- EBITDA Margin came in at 11.32% for Q2 2026 at MGM Resorts International, up from 6.76% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 72.94% in Q2 2022 to a low of 30.62% in Q3 2022.
- Average EBITDA Margin over 5 years is 9.35%, with a median of 9.09% recorded in 2025.
- The largest YoY upside for EBITDA Margin was 6131 bps in 2022 against a maximum downside of 10053 bps in 2022.
- Over 5 years, EBITDA Margin stood at 0.05% in 2022, then soared by 18258 bps to 9.58% in 2023, then sank by 30 bps to 6.71% in 2024, then grew by 5 bps to 7.06% in 2025, then surged by 60 bps to 11.32% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 11.32% in Q2 2026, 6.76% in Q1 2026, and 7.06% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 27.97 Bn | 24.60 Bn | 1.81 Bn | 19.59% |
| 2 | MGM Resorts International | 10.35 Bn | 7.81 Bn | 3.10 Bn | 11.32% |
| 3 | Wynn Resorts | 9.14 Bn | 7.56 Bn | 1.14 Bn | 24.22% |
| 4 | Caesars Entertainment | 6.05 Bn | 4.99 Bn | 2.04 Bn | 27.90% |
| 5 | Churchill Downs | 5.76 Bn | 5.56 Bn | 712.00 Mn | 36.43% |
| 6 | Boyd Gaming | 5.62 Bn | 5.30 Bn | 766.76 Mn | 27.67% |
| 7 | Red Rock Resorts | 3.16 Bn | 2.55 Bn | 420.02 Mn | 26.65% |
| 8 | PENN Entertainment | 2.25 Bn | 1.36 Bn | 1.02 Bn | 7.09% |
| 9 | Monarch Casino & Resort | 2.15 Bn | 2.01 Bn | 38.62 Mn | -45.83% |
| 10 | Melco Resorts & Entertainment | 1.99 Bn | 1.41 Bn | 1.05 Bn | 28.30% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.32% |
| Mar 31, 2026 | 6.76% |
| Dec 31, 2025 | 7.06% |
| Sep 30, 2025 | -2.66% |
| Jun 30, 2025 | 9.18% |
| Mar 31, 2025 | 9.00% |
| Dec 31, 2024 | 6.71% |
| Sep 30, 2024 | 7.53% |
| Jun 30, 2024 | 9.84% |
| Mar 31, 2024 | 10.46% |
| Dec 31, 2023 | 9.58% |
| Sep 30, 2023 | 9.31% |
| Jun 30, 2023 | 9.42% |
| Mar 31, 2023 | 18.87% |
| Dec 31, 2022 | -0.05% |
| Sep 30, 2022 | -30.62% |
| Jun 30, 2022 | 72.94% |
| Mar 31, 2022 | 3.71% |
| Dec 31, 2021 | 12.07% |
| Sep 30, 2021 | 69.91% |