MGM Resorts International (MGM) Invested Capital (2009 - 2026)
MGM Resorts International (MGM) reported Invested Capital of $9.04 billion for Q3 2026, down 5.7% from $9.58 billion a year earlier and down 4.2% from the prior quarter.
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Analysis
MGM Resorts International (MGM) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, MGM Resorts International posted Invested Capital of $9.48 billion, down 5.6% from FY2024.
- Invested Capital has declined for four consecutive years, with a five-year compound annual growth rate of -16.6% (FY2020 to FY2025).
- By year, Invested Capital came in at $10.05 billion in FY2024 (-5.9%), $10.68 billion in FY2023 (-23.3%), $13.93 billion in FY2022 (-41.3%) and $23.75 billion in FY2021 (+0.8%).
- The Q3 2026 figure ranks as the lowest quarterly Invested Capital in data going back to Q4 2009.
- Year over year, Invested Capital has now declined in each of the last 19 quarters, with an average decline of 5.0% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q4 2021 (growth of 0.8%); the low point was Q1 2023 (a decline of 44.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $9.44 billion (Q2 2026), $9.71 billion (Q1 2026) and $9.48 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.66 Bn | 12.48 Bn | 1.47 Bn | 15.10 Bn |
| 2 | DraftKings | 20.91 Bn | 16.57 Bn | 551.45 Mn | 1.14 Bn |
| 3 | Flutter Entertainment | 14.41 Bn | 8.04 Bn | 1.52 Bn | 20.47 Bn |
| 4 | Life Time Group Holdings | 10.73 Bn | 9.89 Bn | 419.01 Mn | 4.94 Bn |
| 5 | MGM Resorts International | 8.18 Bn | -257.78 Mn | 1.73 Bn | 9.04 Bn |
| 6 | Wynn Resorts | 8.15 Bn | 1.52 Bn | 655.12 Mn | 9.75 Bn |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn | -4.80 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 5.40 Bn |
| 9 | Churchill Downs | 6.73 Bn | 5.99 Bn | 207.00 Mn | 6.10 Bn |
| 10 | Caesars Entertainment | 5.95 Bn | 2.53 Bn | 1.44 Bn | 15.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.04 Bn |
| Jun 30, 2026 | 9.44 Bn |
| Mar 31, 2026 | 9.71 Bn |
| Dec 31, 2025 | 9.48 Bn |
| Sep 30, 2025 | 9.58 Bn |
| Jun 30, 2025 | 9.92 Bn |
| Mar 31, 2025 | 10.00 Bn |
| Dec 31, 2024 | 10.05 Bn |
| Sep 30, 2024 | 10.73 Bn |
| Jun 30, 2024 | 10.11 Bn |
| Mar 31, 2024 | 10.30 Bn |
| Dec 31, 2023 | 10.68 Bn |
| Sep 30, 2023 | 10.93 Bn |
| Jun 30, 2023 | 11.54 Bn |
| Mar 31, 2023 | 12.10 Bn |
| Dec 31, 2022 | 13.93 Bn |
| Sep 30, 2022 | 14.39 Bn |
| Jun 30, 2022 | 15.55 Bn |
| Mar 31, 2022 | 21.64 Bn |
| Dec 31, 2021 | 23.75 Bn |
API Access
MGM Resorts International Invested Capital 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=invested-capital&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();