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MGM Resorts International Past Earnings Performance
Past criteria checks 2/6
MGM Resorts International has been growing earnings at an average annual rate of 12.1%, while the Hospitality industry saw earnings growing at 7.2% annually. Revenues have been growing at an average rate of 7.7% per year. MGM Resorts International's return on equity is 30.1%, and it has net margins of 7.1%.
Key information
12.1%
Earnings growth rate
18.2%
EPS growth rate
Hospitality Industry Growth | -11.8% |
Revenue growth rate | 7.7% |
Return on equity | 30.1% |
Net Margin | 7.1% |
Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How MGM Resorts International makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Dec 23 | 16,119 | 1,142 | 5,213 | 0 |
30 Sep 23 | 15,334 | 1,096 | 5,179 | 0 |
30 Jun 23 | 14,778 | 366 | 5,195 | 0 |
31 Mar 23 | 14,102 | 1,936 | 5,082 | 0 |
31 Dec 22 | 13,082 | 1,441 | 4,708 | 0 |
30 Sep 22 | 12,551 | 1,282 | 4,254 | 0 |
30 Jun 22 | 11,769 | 3,194 | 3,661 | 0 |
31 Mar 22 | 10,707 | 1,490 | 3,199 | 0 |
31 Dec 21 | 9,454 | 1,176 | 2,935 | 0 |
30 Sep 21 | 7,801 | 615 | 2,683 | 0 |
30 Jun 21 | 6,271 | -1,261 | 2,565 | 0 |
31 Mar 21 | 4,352 | -2,153 | 2,440 | 0 |
31 Dec 20 | 4,917 | -997 | 2,489 | 0 |
30 Sep 20 | 6,601 | 1,472 | 2,527 | 0 |
30 Jun 20 | 8,714 | 1,964 | 2,506 | 0 |
31 Mar 20 | 11,552 | 2,834 | 2,533 | 0 |
31 Dec 19 | 12,463 | 2,046 | 2,573 | 0 |
30 Sep 19 | 12,326 | 2 | 2,357 | 0 |
30 Jun 19 | 12,042 | 181 | 2,368 | 0 |
31 Mar 19 | 11,684 | 254 | 2,340 | 0 |
31 Dec 18 | 11,338 | 445 | 2,335 | 0 |
30 Sep 18 | 10,893 | 1,844 | 2,409 | 0 |
30 Jun 18 | 10,698 | 1,854 | 2,320 | 0 |
31 Mar 18 | 10,497 | 1,946 | 2,214 | 0 |
31 Dec 17 | 10,395 | 1,934 | 2,107 | 0 |
30 Sep 17 | 10,263 | 589 | 1,939 | 0 |
30 Jun 17 | 9,951 | 976 | 1,911 | 0 |
31 Mar 17 | 9,567 | 1,241 | 1,898 | 0 |
31 Dec 16 | 9,081 | 1,100 | 1,831 | 0 |
30 Sep 16 | 8,789 | 295 | 1,735 | 0 |
30 Jun 16 | 8,556 | -174 | 1,655 | 0 |
31 Mar 16 | 8,669 | -551 | 1,624 | 0 |
31 Dec 15 | 8,791 | -448 | 1,655 | 0 |
30 Sep 15 | 8,986 | -9 | 1,625 | 0 |
30 Jun 15 | 9,191 | -95 | 1,633 | 0 |
31 Mar 15 | 9,394 | -83 | 1,613 | 0 |
31 Dec 14 | 9,699 | -150 | 1,597 | 0 |
30 Sep 14 | 9,831 | 136 | 1,574 | 0 |
30 Jun 14 | 9,815 | 134 | 1,556 | 0 |
31 Mar 14 | 9,719 | -76 | 1,534 | 0 |
31 Dec 13 | 9,445 | -172 | 1,509 | 0 |
30 Sep 13 | 9,228 | -1,339 | 1,521 | 0 |
30 Jun 13 | 9,024 | -1,498 | 1,502 | 0 |
31 Mar 13 | 8,868 | -1,544 | 1,484 | 0 |
Quality Earnings: MGG has high quality earnings.
Growing Profit Margin: MGG's current net profit margins (7.1%) are lower than last year (11%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MGG's earnings have grown by 12.1% per year over the past 5 years.
Accelerating Growth: MGG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MGG had negative earnings growth (-20.7%) over the past year, making it difficult to compare to the Hospitality industry average (16.2%).
Return on Equity
High ROE: Whilst MGG's Return on Equity (30.11%) is high, this metric is skewed due to their high level of debt.