MGM Resorts International (MGM) EBITDA Margin (2009 - 2026)
MGM Resorts International (MGM) recorded EBITDA Margin of 17.66% in Q2 2026, up 2.98 percentage points from 14.68% a year earlier and up 4.98 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 11.84% as of Jun 30, 2026, down 1.62 percentage points year-over-year; for FY2025, it was 11.52%, down 1.95 percentage points from FY2024.
- Annual EBITDA Margin has declined for three straight years, though with a five-year change of +0.51 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 13.47% in FY2024 (-3.27 pp), 16.74% in FY2023 (-20.75 pp), 37.49% in FY2022 (+2.06 pp) and 35.43% in FY2021 (+24.42 pp).
- The Q2 2026 figure is the highest quarterly EBITDA Margin since Q1 2023.
- On a year-over-year basis, EBITDA Margin rose in three of the last eight quarters, with an average year-over-year change of -1.37 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 98.06 percentage points in Q3 2021, against a drop of 69.70 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 12.68% (Q1 2026), 13.11% (Q4 2025) and 3.48% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 24.82 Bn | 11.24 Bn | 1.48 Bn | 31.36% |
| 2 | DraftKings | 17.42 Bn | 13.08 Bn | 551.45 Mn | 0.84% |
| 3 | Flutter Entertainment | 12.92 Bn | 6.67 Bn | 1.71 Bn | 5.89% |
| 4 | Madison Square Garden Sports | 9.97 Bn | 9.56 Bn | 119.21 Mn | 11.82% |
| 5 | Life Time Group Holdings | 8.95 Bn | 8.18 Bn | 412.26 Mn | 26.91% |
| 6 | Wynn Resorts | 8.09 Bn | 1.64 Bn | 758.95 Mn | 24.93% |
| 7 | MGM Resorts International | 7.93 Bn | -255.39 Mn | 1.98 Bn | 17.66% |
| 8 | Caesars Entertainment | 6.03 Bn | 2.66 Bn | 1.50 Bn | 29.00% |
| 9 | Super Group (SGHC) | 5.86 Bn | 3.85 Bn | - | 19.44% |
| 10 | Churchill Downs | 5.31 Bn | 4.58 Bn | 419.00 Mn | 42.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.66% |
| Mar 31, 2026 | 12.68% |
| Dec 31, 2025 | 13.11% |
| Sep 30, 2025 | 3.48% |
| Jun 30, 2025 | 14.68% |
| Mar 31, 2025 | 14.53% |
| Dec 31, 2024 | 11.52% |
| Sep 30, 2024 | 13.10% |
| Jun 30, 2024 | 14.27% |
| Mar 31, 2024 | 14.94% |
| Dec 31, 2023 | 14.28% |
| Sep 30, 2023 | 14.39% |
| Jun 30, 2023 | 14.58% |
| Mar 31, 2023 | 24.12% |
| Dec 31, 2022 | 39.52% |
| Sep 30, 2022 | 10.53% |
| Jun 30, 2022 | 84.16% |
| Mar 31, 2022 | 13.82% |
| Dec 31, 2021 | 21.78% |
| Sep 30, 2021 | 80.23% |
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();