MGM Resorts International (MGM) Net Margin (2009 - 2026)
MGM Resorts International (MGM) reported Net Margin of 3.92% for Q1 2026, down 138.0% on a YoY basis from 10.33% in Q1 2025, and down 52.79% sequentially from 8.31% in Q4 2025.
MGM Resorts International (MGM) Net Margin (2009 - 2026) Analysis & Trends
MGM Resorts International (MGM) has 18 years of Net Margin data on file, last reported at 3.92% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 138.0% year-over-year to 3.92%; the trailing twelve-month figure through Mar 2026 stood at 2.65% (down 314.0% YoY), and the FY2025 full-year result was 2.97%, down 321.0% from the prior year.
- Net Margin eased to 3.92% in Q1 2026, from 8.31% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 49.7% in Q2 2022 to a low of 31.06% in Q3 2022.
- A 5-year average of 4.77% and a median of 5.47% in 2024 frame the typical range for Net Margin.
- Peak annual rise in Net Margin reached 4572 bps in 2022, while the deepest fall reached 8048 bps in 2022.
- Tracing MGM's Net Margin over 5 years: stood at 8.91% in 2022, then surged by 197 bps to 8.68% in 2023, then tumbled by 37 bps to 5.47% in 2024, then surged by 52 bps to 8.31% in 2025, then sank by 53 bps to 3.92% in 2026.
- Business Quant data shows MGM's Net Margin at 3.92% in Q1 2026, 8.31% in Q4 2025, and 4.86% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Las Vegas Sands | 30.75 Bn | 27.42 Bn | 3.49 Bn | 17.88% |
| 2 | MGM Resorts International | 11.68 Bn | 9.38 Bn | 4.32 Bn | 3.92% |
| 3 | Wynn Resorts | 9.99 Bn | 9.89 Bn | 1.75 Bn | 8.11% |
| 4 | Boyd Gaming | 6.73 Bn | 6.36 Bn | 984.15 Mn | 10.46% |
| 5 | Melco Resorts & Entertainment | 6.48 Bn | 5.85 Bn | - | 129.40% |
| 6 | Caesars Entertainment | 6.11 Bn | 5.15 Bn | 2.78 Bn | -2.89% |
| 7 | Vail Resorts | 5.23 Bn | 5.21 Bn | - | 28.23% |
| 8 | Hilton Grand Vacations | 4.01 Bn | 3.75 Bn | 1.23 Bn | 5.29% |
| 9 | Red Rock Resorts | 3.72 Bn | 3.12 Bn | 433.13 Mn | 16.31% |
| 10 | Studio City International Holdings | 3.53 Bn | 3.45 Bn | 155.38 Mn | 5.38% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.92% |
| Dec 31, 2025 | 8.31% |
| Sep 30, 2025 | -4.86% |
| Jun 30, 2025 | 2.68% |
| Mar 31, 2025 | 5.30% |
| Dec 31, 2024 | 5.47% |
| Sep 30, 2024 | 5.84% |
| Jun 30, 2024 | 6.54% |
| Mar 31, 2024 | 6.84% |
| Dec 31, 2023 | 8.68% |
| Sep 30, 2023 | 5.33% |
| Jun 30, 2023 | 6.18% |
| Mar 31, 2023 | 12.39% |
| Dec 31, 2022 | -8.91% |
| Sep 30, 2022 | -31.06% |
| Jun 30, 2022 | 49.70% |
| Mar 31, 2022 | -1.22% |
| Dec 31, 2021 | 3.80% |
| Sep 30, 2021 | 49.42% |
| Jun 30, 2021 | 3.98% |