Capital Expenditures for MGM Resorts (MGM)
According to MGM Resorts's latest reported financial statements, the company's current capital expenditures (TTM) is $1.07B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
MGM
Currently viewingCapital ExpendituresSwitch metric
Latest period
$1.07B
YoY change
-7.1%
5Y CAGR
+31.6%
Peak year (2007)
$2.92B
Cumulative capital expenditures
$25.72B
CapEx history chart for MGM Resorts (MGM) from 1989 to 2025
CapEx history table for MGM Resorts (MGM) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $1.07B | -7.1% | ||
| 2024 | $1.15B | +23.5% | ||
| 2023 | $931.81M | +21.8% | ||
| 2022 | $765.07M | +55.9% | ||
| 2021 | $490.70M | +81.4% | ||
| 2020 | $270.58M | -63.4% | ||
| 2019 | $739.01M | -50.3% | ||
| 2018 | $1.49B | -20.2% | ||
| 2017 | $1.86B | -17.6% | ||
| 2016 | $2.26B | +54.2% | ||
| 2015 | $1.47B | +53.3% | ||
| 2014 | $957.04M | +70.3% | ||
| 2013 | $562.12M | +33.0% | ||
| 2012 | $422.76M | +40.3% | ||
| 2011 | $301.24M | +45.2% | ||
| 2010 | $207.49M | +51.6% | ||
| 2009 | $136.85M | -82.5% | ||
| 2008 | $781.75M | -73.2% | ||
| 2007 | $2.92B | +54.8% | ||
| 2006 | $1.88B | +147.9% | ||
| 2005 | $759.95M | +8.1% | ||
| 2004 | $702.86M | +27.7% | ||
| 2003 | $550.23M | +83.4% | ||
| 2002 | $300.04M | -8.5% | ||
| 2001 | $327.94M | -2.5% | ||
| 2000 | $336.50M | -10.3% | ||
| 1999 | $375.30M | +3.7% | ||
| 1998 | $361.90M | +58.9% | ||
| 1997 | $227.80M | +168.6% | ||
| 1996 | $84.80M | +126.7% | ||
| 1995 | $37.40M | -43.3% | ||
| 1994 | $66.00M | -86.3% | ||
| 1993 | $480.10M | +117.2% | ||
| 1992 | $221.00M | +418.8% | ||
| 1991 | $42.60M | -73.3% | ||
| 1990 | $159.60M | +710.2% | ||
| 1989 | $19.70M | — |
CapEx values are taken from MGM Resorts's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, MGM Resorts (MGM) reported capital expenditures of $1.07B – declined 7.1% year-over-year.
Through 2020–2025 (5 years), MGM Resorts capital expenditures delivered a +31.6% annualised rate; with the latest reading among the more recent periods of the dataset.
Between 2007 and 2025, MGM Resorts capital expenditures plunged 63.4%, falling from $2.92B to $1.07B.
Across the available history, capital expenditures reached its high of $2.92B in 2007 and its low of $19.70M in 1989.
Among 8 Consumer Cyclical peers, MGM Resorts (MGM) ranks 7th; the peer median for capital expenditures is $3.52B.
MGM Resorts Capital Expenditures by Year
MGM Resorts Capital Expenditures 2025: $1.07B
MGM Resorts capital expenditures in 2025 was $1.07B, declined 7.1% below 2024.
MGM Resorts Capital Expenditures 2024: $1.15B
MGM Resorts capital expenditures in 2024 was $1.15B, grew 23.5% from 2023.
MGM Resorts Capital Expenditures 2023: $931.81M
MGM Resorts capital expenditures in 2023 was $931.81M, grew 21.8% from 2022.
MGM Resorts Capital Expenditures 2022: $765.07M
MGM Resorts capital expenditures in 2022 was $765.07M, surged 55.9% from 2021.
MGM Resorts Capital Expenditures 2021: $490.70M
MGM Resorts capital expenditures in 2021 was $490.70M.
See more financial history for MGM Resorts (MGM).
Sector peers — CapEx
Companies in the same sector as MGM Resorts, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Amazon.com, Inc. (AMZN) | $131.82B | Consumer Cyclical |
| Alibaba Group Holding Limited (BABA) | $86.66B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $8.53B | Consumer Cyclical |
| The Home Depot, Inc. (HD) | $3.68B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $3.37B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $1.96B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $322.00M | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
What is MGM Resorts's capital expenditures?
- Latest reported capital expenditures for MGM Resorts (MGM) is $1.07B (period ending December 31, 2025).
How has MGM Resorts capital expenditures changed year-over-year?
- MGM Resorts (MGM) capital expenditures changed -7.1% year-over-year on the latest annual filing.
What is the long-term growth rate of MGM Resorts capital expenditures?
- MGM Resorts (MGM) capital expenditures compound annual growth rate is +31.6% over the most recent 5 years available.
When did MGM Resorts capital expenditures hit its highest annual value?
- MGM Resorts capital expenditures reached its highest annual value of $2.92B in 2007.
What was MGM Resorts capital expenditures in 2024?
- MGM Resorts (MGM) capital expenditures in 2024 was $1.15B.
What was MGM Resorts capital expenditures in 2025?
- MGM Resorts (MGM) capital expenditures in 2025 was $1.07B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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