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MGM Resorts International MGM China — Total Revenue

Other geography segments

United States
$12.66B

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Other financials

Income statement

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Revenue$4.5B+1.0%
Operating income$503.6M+24.5%
Net income$292.4M+497%
EPS (diluted)$1.11+517%

Balance sheet

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Cash & equivalents$2.5B+30.1%
Total debt$30.2B-4.5%
Total equity$2.5B-15.5%
Total assets$39.8B-4.4%

Cash flow

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Operating cash flow$558.8M-13.5%
CapEx$241.4M-10.1%
Free cash flow$317.4M-15.9%

Valuation

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Market cap$11.39B+19.2%
Enterprise value$39B-0.5%
P/E26.7×+9.0×
P/S0.6×+0.1×

Profitability

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Operating margin5.7%-2.4pp
Net margin2.4%-0.7pp
FCF margin8.4%+0.9pp

Returns & leverage

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Return on equity15.5%-1.9pp
Debt / equity12×+1.4×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by MGM Resorts International in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: MGM Resorts International’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000789570-26-000018
Net revenue:Year Ended December 31, 2025 / (In thousands)Year Ended December 31, 2024 / (In thousands)Year Ended December 31, 2023 / (In thousands)
United States$12,411,625$12,664,897$12,577,085
China4,464,0954,020,4203,153,520
Other661,963555,228433,644
$17,537,683$17,240,545$16,164,249

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is MGM Resorts International's china — total revenue?
MGM Resorts International (MGM) reported china — total revenue of $1.12B in Q4 2025.
How has MGM Resorts International's china — total revenue changed year-over-year?
MGM Resorts International's china — total revenue increased by 11.0% year-over-year, from $1.01B to $1.12B.
What is the long-term trend for MGM Resorts International's china — total revenue?
Over 3 years (2022 to 2025), MGM Resorts International's china — total revenue has grown at a 87.8% compound annual growth rate (CAGR), from $673.66M to $4.46B.
What does china — total revenue mean?
This metric measures the total gross income generated from all business activities within the China geographic segment, including casino gaming, hotel operations, food and beverage, and retail. It serves as a primary indicator of the company's market share and operational performance within the highly competitive Asian gaming market. Fluctuations in this metric are heavily influenced by regional tourism trends, regulatory changes, and local economic conditions.

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