MGM Resorts International (MGM) EBT Margin (2009 - 2026)
MGM Resorts International's EBT Margin came in at 0.52% for Q3 2026, up 5.69 percentage points from -5.17% a year earlier but down 8.77 percentage points from the prior quarter.
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Analysis
MGM Resorts International (MGM) EBT Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, MGM Resorts International reported EBT Margin of 4.16%, up 1.92 percentage points year-over-year; for FY2025, it came in at 1.60%, down 4.88 percentage points from FY2024.
- EBT Margin carries a five-year change of +30.88 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was 6.48% in FY2024 (-2.63 pp), 9.11% in FY2023 (+2.23 pp), 6.88% in FY2022 (-8.22 pp) and 15.10% in FY2021 (+44.38 pp).
- The five-year range for quarterly EBT Margin is -34.73% (Q3 2022) to 67.24% (Q2 2022).
- Year-over-year, EBT Margin increased in two of the last eight quarters, with an average year-over-year change of -1.50 percentage points.
- The fastest year-over-year change in EBT Margin over five years came in Q2 2022 (a gain of 61.73 percentage points), and the weakest in Q3 2022 (a drop of 94.57 percentage points).
- Business Quant data shows MGM's EBT Margin at 9.29% (Q2 2026), 4.54% (Q1 2026) and 2.17% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 2.51% |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | -93.49% |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 14.12% |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -36.02% |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | -32.09% |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 16.10% |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 0.52% |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | -73.31% |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 20.27% |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 15.95% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.52% |
| Jun 30, 2026 | 9.29% |
| Mar 31, 2026 | 4.54% |
| Dec 31, 2025 | 2.17% |
| Sep 30, 2025 | -5.17% |
| Jun 30, 2025 | 3.04% |
| Mar 31, 2025 | 6.24% |
| Dec 31, 2024 | 4.73% |
| Sep 30, 2024 | 7.09% |
| Jun 30, 2024 | 6.27% |
| Mar 31, 2024 | 7.83% |
| Dec 31, 2023 | 7.32% |
| Sep 30, 2023 | 5.65% |
| Jun 30, 2023 | 7.17% |
| Mar 31, 2023 | 16.67% |
| Dec 31, 2022 | -0.95% |
| Sep 30, 2022 | -34.73% |
| Jun 30, 2022 | 67.24% |
| Mar 31, 2022 | -2.49% |
| Dec 31, 2021 | 4.82% |
API Access
MGM Resorts International EBT 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=ebt-margin&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();