MGM Resorts International (MGM)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 43.26% | 42.28% | 42.84% | 44.11% | 45.81% | 47.79% | 48.37% | 49.25% | 49.32% | 49.45% | 49.20% | 48.81% | 48.03% | 46.08% | 43.17% | 35.43% | 33.11% | 35.19% | 37.53% | 40.05% |
| Operating profit margin | 9.18% | 9.92% | 10.36% | 9.97% | 9.54% | 1.07% | -8.44% | 5.36% | 3.69% | 14.37% | 39.96% | 24.17% | 23.54% | 19.05% | -12.88% | -46.96% | -12.45% | 39.12% | 37.77% | 40.26% |
| Pretax margin | 6.48% | 7.13% | 6.79% | 7.02% | 9.11% | 7.27% | -1.97% | 11.46% | 6.88% | 8.62% | 32.75% | 16.73% | 15.10% | 9.26% | -23.67% | -63.18% | -29.28% | 24.42% | 26.00% | 30.44% |
| Net profit margin | 4.33% | 5.23% | 5.15% | 5.35% | 7.07% | 7.23% | -0.74% | 9.28% | 6.18% | 5.10% | 25.60% | 13.87% | 12.48% | 7.94% | -18.79% | -47.74% | -19.85% | 20.98% | 21.40% | 23.69% |
MGM Resorts International's profitability ratios have shown fluctuations over the years. The gross profit margin has been generally improving, reaching a high of 49.45% in September 2022 before slightly decreasing to 45.81% by December 2023.
The operating profit margin has been volatile, dipping into negative territory in late 2020 and early 2021 but recovering gradually to around 10% by the end of 2024.
The pretax margin also exhibited significant variability, with negative values in 2020 and 2021, followed by a recovery to around 7% by the end of 2024.
The net profit margin, reflecting the company's bottom-line efficiency, experienced a similar pattern of improvement over the years, reaching 5.15% by June 2024.
Overall, MGM Resorts International has shown resilience in profitability, gradually recovering from challenging periods to achieve healthier margins by the end of 2024.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 3.75% | 4.01% | 4.23% | 3.95% | 3.64% | 0.39% | -2.92% | 1.74% | 1.06% | 3.82% | 9.81% | 6.81% | 5.57% | 3.74% | -2.29% | -5.73% | -1.76% | 7.25% | 9.11% | 12.32% |
| Return on assets (ROA) | 1.77% | 2.11% | 2.10% | 2.12% | 2.70% | 2.61% | -0.26% | 3.01% | 1.77% | 1.36% | 6.28% | 3.91% | 2.95% | 1.56% | -3.34% | -5.83% | -2.81% | 3.89% | 5.16% | 7.25% |
| Return on total capital | 56.22% | 55.88% | 54.69% | 44.70% | 34.69% | 25.33% | 1.54% | 47.46% | 44.73% | 50.02% | 84.26% | 52.92% | 38.01% | 23.33% | -12.15% | -33.26% | -31.42% | -20.57% | -6.07% | 11.66% |
| Return on equity (ROE) | 24.69% | 27.93% | 27.36% | 25.83% | 29.97% | 28.06% | -2.48% | 27.12% | 16.78% | 13.28% | 53.05% | 29.80% | 19.91% | 9.44% | -19.87% | -34.49% | -15.75% | 20.95% | 26.24% | 34.71% |
MGM Resorts International's profitability ratios show fluctuating trends over the periods analyzed.
1. Operating Return on Assets (Operating ROA) ranged from -5.73% in March 2021 to a peak of 12.32% in March 2020. As of December 31, 2024, it stands at 3.75%.
2. Return on Assets (ROA) also displayed volatility, hitting a low of -5.83% in March 2021 and a high of 7.25% in March 2020. By December 31, 2024, ROA is at 1.77%.
3. Return on Total Capital fluctuated significantly, with a negative value of -31.42% in December 2020 and reaching a peak of 84.26% in June 2022. It stabilized around 50% by September 30, 2022, and remains consistent through December 31, 2024, at 56.22%.
4. Return on Equity (ROE) also showed variability, hitting a low of -34.49% in March 2021 and a high of 34.71% in March 2020. As of December 31, 2024, ROE stands at 24.69%.
Overall, while MGM Resorts International's profitability ratios have experienced fluctuations, there is a general upward trend from 2021 onwards, indicating improvement in the company's profitability and efficiency in utilizing its assets and equity for generating returns.