MGM Resorts International (MGM) Net Margin (2009 - 2026)
MGM Resorts International's (MGM) quarterly Net Margin came in at 3.92% in Q1 2026, down 138.0% year-on-year from 10.33% in Q1 2025, and down 52.79% quarter-over-quarter from 8.31% in Q4 2025.
MGM Resorts International (MGM) Net Margin (2009 - 2026) Analysis & Trends
MGM Resorts International has disclosed Net Margin across 18 years of filings, most recently posting 3.92% for Q1 2026.
- Net Margin for Q1 2026 came in at 3.92%, down 138.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.65% (down 314.0% YoY), and the FY2025 annual result was 2.97%, down 321.0% from the prior year.
- Net Margin came in at 3.92% for Q1 2026 at MGM Resorts International, down 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.
- The 5-year median for Net Margin is 5.47% (2024), against an average of 4.77%.
- Peak annual rise in Net Margin reached 4572 bps in 2022, while the deepest fall reached 8048 bps in 2022.
- MGM Resorts International's Net Margin stood at 8.91% in 2022, then soared by 197 bps to 8.68% in 2023, then slumped by 37 bps to 5.47% in 2024, then soared by 52 bps to 8.31% in 2025, then plunged by 53 bps to 3.92% in 2026.
- The last three Net Margin figures came in at 3.92% (Q1 2026), 8.31% (Q4 2025), and 4.86% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 10.89 Bn | 10.06 Bn | 1.77 Bn | 8.11% |
| 2 | Melco Resorts & Entertainment | 6.64 Bn | 6.49 Bn | - | 129.40% |
| 3 | Boyd Gaming | 6.48 Bn | 6.47 Bn | 742.51 Mn | 10.46% |
| 4 | Caesars Entertainment | 5.96 Bn | 5.18 Bn | 2.71 Bn | -2.89% |
| 5 | Vail Resorts | 5.17 Bn | 5.17 Bn | - | 28.23% |
| 6 | Hilton Grand Vacations | 4.32 Bn | 4.21 Bn | 1.10 Bn | 5.29% |
| 7 | Red Rock Resorts | 3.54 Bn | 3.51 Bn | 491.72 Mn | 16.31% |
| 8 | Marriott Vacations Worldwide | 3.38 Bn | 3.12 Bn | 1.23 Bn | 1.75% |
| 9 | PENN Entertainment | 2.84 Bn | 2.13 Bn | 971.20 Mn | -0.16% |
| 10 | MGM Resorts International | - | - | 3.88 Bn | 3.92% |
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% |