MGM Resorts Internationalの売上高は？

MGM Resorts Internationalの2025年度の売上高は$17.5Bです（前年比+1.7%）。

MGM Resorts Internationalの営業利益は？

MGM Resorts Internationalの2025年度の営業利益は$1.0Bです（前年比-32.8%）。

MGM Resorts Internationalの純利益は？

MGM Resorts Internationalの2025年度の純利益は$206Mです（前年比-72.4%）。

MGM Resorts InternationalのROEは？

MGM Resorts Internationalの2025年度のROE（自己資本利益率）は8.5%です。

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MGM Resorts International（MGM）の決算・業績分析

MGM Resorts Internationalの2025年有価証券報告書をAI分析。売上高$17.5B(+1.7%)。営業利益$1.0B。Consumer Discretionary。

SUMMARY — 業績サマリー

MGM Resorts Internationalの2025年度業績サマリー

MGM Resorts International（証券コード: MGM）の2025年度決算・業績分析。売上高は$17.5B（前年比+1.7%）。営業利益は$1.0B（前年比-32.8%）。純利益は$206M（前年比-72.4%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。

MGM Resorts Internationalの2024年度注目ポイント

※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。

Revenue surged 35.6% YoY to $13.1B (XBRL), driven by post-pandemic recovery and Macau reopening.
Net income rose 17.4% YoY to $1.5B (XBRL), despite a 36.8% drop in operating income to $1.4B (XBRL).
EBITDA reached $4.9B (37.5% of revenue) (XBRL), with net debt at $3.4B (0.7x EBITDA) (XBRL).
Shareholder returns totaled $2.8B via buybacks (XBRL), alongside $4M in dividends (XBRL).

MGM Resorts Internationalの売上高変化の要因

•Total revenue grew 35.6% YoY to $13.1B (XBRL), driven by post-pandemic recovery, Macau travel restrictions removal, and The Cosmopolitan acquisition (10-K). Revenue CAGR over 5 years was 6.6% (XBRL). Segment-specific revenue figures are not disclosed (N/A). Operating income fell 36.8% YoY to $1.4B (XBRL), attributed to the Macau gaming law and post-acquisition challenges (10-K).

MGM Resorts Internationalの営業利益変化の要因

•Operating margin was 11.0% (XBRL), with net margin at 11.2% (XBRL). EBITDA reached $4.9B (37.5% of revenue) (XBRL). Gross profit data is unavailable (N/A). Operating income declined 36.8% YoY (XBRL), while net income rose 17.4% YoY (XBRL).

MGM Resorts Internationalの事業リスクと対応

Substantial indebtedness ($6.3B long-term debt) (XBRL) could limit liquidity and growth (10-K).

Intense competition from online sports betting and iGaming threatens market position (10-K).

Concentration on Las Vegas Strip increases vulnerability to localized risks (10-K).

Lease obligations for major resorts pose risks related to termination or renegotiation (10-K).

High exposure to uncollectible gaming receivables could impact cash flow (10-K).

MGM Resorts Internationalの今後の見通し・業績予想

Management expects continued post-pandemic recovery, benefits from the new Macau gaming concession, and expansion into new markets like Osaka (10-K). No specific guidance numbers are provided (N/A).

MGM Resorts Internationalの事業内容

MGM Resorts International operates as a global gaming and entertainment company, generating revenue through casinos, hotels, resorts, and online gaming (10-K). Key segments include Las Vegas Strip Resorts, Regional Operations, MGM China (Macau casinos), and MGM Digital (BetMGM, LeoVegas) (10-K). The cash-based revenue model relies on customer wagering and non-gaming services like hospitality. Competitive advantages include premier resort operations, an asset-light business model, and diversified online gaming (10-K).

MGM Resorts InternationalのAI業績分析レポート（2024年度）

Highlights

•Revenue surged 35.6% YoY to $13.1B (XBRL), driven by post-pandemic recovery and Macau reopening.

•Net income rose 17.4% YoY to $1.5B (XBRL), despite a 36.8% drop in operating income to $1.4B (XBRL).

•EBITDA reached $4.9B (37.5% of revenue) (XBRL), with net debt at $3.4B (0.7x EBITDA) (XBRL).

•Shareholder returns totaled $2.8B via buybacks (XBRL), alongside $4M in dividends (XBRL).

Business Overview

Revenue Analysis

Total revenue grew 35.6% YoY to $13.1B (XBRL), driven by post-pandemic recovery, Macau travel restrictions removal, and The Cosmopolitan acquisition (10-K). Revenue CAGR over 5 years was 6.6% (XBRL). Segment-specific revenue figures are not disclosed (N/A). Operating income fell 36.8% YoY to $1.4B (XBRL), attributed to the Macau gaming law and post-acquisition challenges (10-K).

Profitability Analysis

Operating margin was 11.0% (XBRL), with net margin at 11.2% (XBRL). EBITDA reached $4.9B (37.5% of revenue) (XBRL). Gross profit data is unavailable (N/A). Operating income declined 36.8% YoY (XBRL), while net income rose 17.4% YoY (XBRL).

Balance Sheet Analysis

Total assets were $42.4B (XBRL), with total equity at $3.8B (XBRL). Equity ratio: 9.0% (XBRL); D/E ratio: 9.97x (XBRL). Current ratio: 1.57x (XBRL). Net debt was $3.4B (0.7x EBITDA) (XBRL), with $2.9B in cash (XBRL). Long-term debt: $6.3B (XBRL).

Cash Flow Analysis

Operating cash flow was $1.8B (XBRL), with FCF of $991M (XBRL) after $765M in CapEx (XBRL). Investing cash flow: $2.1B (XBRL), likely tied to the Osaka IR project (10-K). Financing cash flow: -$3.0B (XBRL), including $2.8B in share repurchases (XBRL) and $4M in dividends (XBRL).

Working Capital Analysis

Cash conversion cycle (CCC): 17 days (XBRL), with receivables days: 26 days (XBRL), inventory days: 4 days (XBRL), payables days: 13 days (XBRL). Asset turnover: 0.31x (XBRL).

Risks

•Substantial indebtedness ($6.3B long-term debt) (XBRL) could limit liquidity and growth (10-K).

•Intense competition from online sports betting and iGaming threatens market position (10-K).

•Concentration on Las Vegas Strip increases vulnerability to localized risks (10-K).

•Lease obligations for major resorts pose risks related to termination or renegotiation (10-K).

•High exposure to uncollectible gaming receivables could impact cash flow (10-K).

Outlook