MGM Resorts International

MGMNYSEConsumer Cyclical● Active

$47.44

$-0.07(-0.15%)

Market Cap$12.1B

P/E Ratio—

52W High$51.59

52W Low$29.19

Avg Volume5.3M

Open$47.48

Beta1.31

Overview

MGM Resorts International (MGM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MGM · free cash flow · updated Jun 8, 2026

Core FCF metrics

MGM · FCF · TTM · margin & CAGR

Free cash flow was $1.67B for FY2025 (fiscal year ending 2025-12-31), up 37.6% year-over-year The FCF margin was 9.5%.

FY2025 Free Cash Flow$1.67B▲ +37.6% YoY

Trailing 12M (TTM)$1.73Btrailing 4 quarters sum

FCF Margin9.5%$1.67B ÷ revenue

3-Year CAGR+18.5%FY2022 → FY2025

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MGM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.74B(1.07B)$1.67B▲ +37.6%9.5%

FY2024$2.36B(1.15B)$1.21B▼ 31.4%7.0%

FY2023$2.70B(932M)$1.77B▲ +76.4%10.9%

FY2022$1.77B(765M)$1.00B▲ +13.5%7.6%

FY2021$1.37B(491M)$882.7M▲ +150.1%9.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MGM · P/FCF · FCF yield · FCF per share

MGM Resorts International (MGM) trades at a FCF yield of 14.25% and a price-to-free-cash-flow ratio of 7.3x. FCF per share stands at $6.54, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

14.25%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$6.54

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x23.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MGM · cash flow statement · operating / investing / financing

For FY2025, MGM Resorts International generated $2.74B in operating cash flow and spent 1.07B in capital expenditures, yielding $1.67B in free cash flow.

Operating Activities

+$2.74B

Cash from core business operations

2025-12-31

Investing Activities

−$1.35B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$1.73B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.74B) − |CapEx| (1.07B) = FCF ($1.67B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

MGM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

MGM Resorts InternationalYOU

MGM

$1.67B+37.6%9.5%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

Consumer Cyclical · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

MGM Resorts International (MGM) reported free cash flow of $1.67B for FY2025 (fiscal year ending 2025-12-31), up 37.6% year-over-year. The FCF margin was 9.5%.

Based on available data, MGM Resorts International has maintained positive free cash flow for at least 12 fiscal year(s). FCF peaked at $1.77B in FY2023.

MGM Resorts International's FCF yield is 14.25% and price-to-FCF ratio is 7.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MGM free cash flow · 8 questions

MGM Resorts International free cash flow was $1.67B for FY2025, up 37.6% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.73B.

MGM free cash flowMGM FCFMGM FCF 2025MGM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · MGM Resorts International · MGM Resorts International SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026