MGM Resorts International (MGM) Return on Invested Capital [ROIC] (2009 - 2026)
MGM Resorts International (MGM) posted Return on Invested Capital [ROIC] of 13.52% for Q3 2026, up 3.86 percentage points from 9.66% a year earlier and up 2.90 percentage points from the prior quarter.
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Analysis
MGM Resorts International (MGM) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025, MGM Resorts International's Return on Invested Capital [ROIC] came in at 10.26%, down 3.45 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +12.63 percentage points (FY2020 to FY2025).
- In prior years, MGM Resorts International's Return on Invested Capital [ROIC] was 13.71% in FY2024 (-0.02 pp), 13.73% in FY2023 (+11.98 pp), 1.75% in FY2022 (-6.22 pp) and 7.96% in FY2021 (+10.33 pp).
- The Q3 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] since Q4 2024.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in 1 of the last eight quarters, with an average year-over-year change of -2.25 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q2 2022, with a gain of 22.91 percentage points; the weakest was Q2 2023, with a drop of 19.50 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 10.62% (Q2 2026), 9.56% (Q1 2026) and 10.51% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Wynn Resorts | 44.86 Bn | 38.23 Bn | 655.12 Mn | 9.51% |
| 2 | Vail Resorts | 28.33 Bn | 27.04 Bn | - | 8.24% |
| 3 | Las Vegas Sands | 25.59 Bn | 12.41 Bn | 1.47 Bn | 14.92% |
| 4 | DraftKings | 17.25 Bn | 13.04 Bn | 429.05 Mn | -31.36% |
| 5 | Flutter Entertainment | 14.34 Bn | 7.97 Bn | 1.52 Bn | -4.82% |
| 6 | Life Time Group Holdings | 10.65 Bn | 9.82 Bn | 419.01 Mn | 8.63% |
| 7 | MGM Resorts International | 8.32 Bn | -116.89 Mn | 1.73 Bn | 13.52% |
| 8 | MSG Knickerbockers | 7.63 Bn | 7.24 Bn | 36.67 Mn | - |
| 9 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn | 9.62% |
| 10 | Churchill Downs | 6.99 Bn | 6.25 Bn | 207.00 Mn | 9.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.52% |
| Jun 30, 2026 | 10.62% |
| Mar 31, 2026 | 9.56% |
| Dec 31, 2025 | 10.51% |
| Sep 30, 2025 | 9.66% |
| Jun 30, 2025 | 12.84% |
| Mar 31, 2025 | 13.47% |
| Dec 31, 2024 | 13.67% |
| Sep 30, 2024 | 15.21% |
| Jun 30, 2024 | 16.40% |
| Mar 31, 2024 | 14.97% |
| Dec 31, 2023 | 15.63% |
| Sep 30, 2023 | 7.20% |
| Jun 30, 2023 | 0.46% |
| Mar 31, 2023 | 7.06% |
| Dec 31, 2022 | 2.33% |
| Sep 30, 2022 | 7.16% |
| Jun 30, 2022 | 19.96% |
| Mar 31, 2022 | 9.61% |
| Dec 31, 2021 | 7.84% |
API Access
MGM Resorts International Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();