How does MGM Resorts (MGM) make money?

MGM Resorts (MGM) primarily makes money through Casino, which accounts for 53.9% of total revenue. For TTM through Q4 2025, MGM Resorts generated $17.54B in total revenue with a net profit margin of 1.2%.

What is MGM Resorts (MGM) gross profit margin?

MGM Resorts (MGM) reported a gross profit margin of 44.4% for TTM through Q4 2025, equivalent to $7.79B in gross profit. This means MGM Resorts retains 44.4% of each revenue unit after direct costs of production.

What is MGM Resorts (MGM) operating profit margin?

MGM Resorts (MGM) reported an operating profit margin of 5.7% for TTM through Q4 2025, equivalent to $1.00B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is MGM Resorts (MGM) net profit margin?

MGM Resorts (MGM) reported a net profit margin of 1.2% for TTM through Q4 2025, equivalent to $206.25M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does MGM Resorts (MGM) spend on capital expenditures?

MGM Resorts (MGM) spent $1.07B on capital expenditures in TTM through Q4 2025 (6.1% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is MGM Resorts (MGM) free cash flow?

MGM Resorts (MGM) generated $1.64B in free cash flow for TTM through Q4 2025 (9.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

How MGM Resorts (MGM) Makes Money: A Visual Guide

MGM Resorts (MGM) generated $17.54B in revenue, earning $206.25M in net profit (1.2% margin). Its largest revenue source is Casino (53.9% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

MGM Resorts (MGM) Income Statement Flow — TTM through Q4 2025

Calculated from the four most recent reported quarters, ending December 31, 2025 (reported February 11, 2026).

Frequently asked questions

How does MGM Resorts (MGM) make money?: MGM Resorts (MGM) primarily makes money through Casino, which accounts for 53.9% of total revenue. For TTM through Q4 2025, MGM Resorts generated $17.54B in total revenue with a net profit margin of 1.2%.
What is MGM Resorts (MGM) gross profit margin?: MGM Resorts (MGM) reported a gross profit margin of 44.4% for TTM through Q4 2025, equivalent to $7.79B in gross profit. This means MGM Resorts retains 44.4% of each revenue unit after direct costs of production.
What is MGM Resorts (MGM) operating profit margin?: MGM Resorts (MGM) reported an operating profit margin of 5.7% for TTM through Q4 2025, equivalent to $1.00B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is MGM Resorts (MGM) net profit margin?: MGM Resorts (MGM) reported a net profit margin of 1.2% for TTM through Q4 2025, equivalent to $206.25M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does MGM Resorts (MGM) spend on capital expenditures?: MGM Resorts (MGM) spent $1.07B on capital expenditures in TTM through Q4 2025 (6.1% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is MGM Resorts (MGM) free cash flow?: MGM Resorts (MGM) generated $1.64B in free cash flow for TTM through Q4 2025 (9.3% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q4 2025.