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 | |
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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 | |
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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.