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MGM Resorts International MGM United States — Long-Lived Assets

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China
$2.93B

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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:NoncurrentAssets.

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
Long-lived assets:December 31, 2025 / (In thousands)December 31, 2024 / (In thousands)December 31, 2023 / (In thousands)
United States$26,478,770$26,903,773$26,698,996
China2,672,8512,734,5132,731,397
Other156,70090,16046,616
$29,308,321$29,728,446$29,477,009

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is MGM Resorts International's united states — long-lived assets?
MGM Resorts International (MGM) reported united states — long-lived assets of $26.48B in Q4 2025.
How has MGM Resorts International's united states — long-lived assets changed year-over-year?
MGM Resorts International's united states — long-lived assets decreased by 1.6% year-over-year, from $26.9B to $26.48B.
What does united states — long-lived assets mean?
This metric represents the total book value of non-current, tangible, and intangible assets held by the company within its domestic operations. It reflects the capital intensity of the regional and Las Vegas resort portfolio, including property, plant, equipment, and capitalized leasehold improvements. Monitoring this balance helps investors assess the scale of the company's physical footprint and the ongoing capital expenditure requirements needed to maintain competitive resort standards.

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