Company / Operating Margin
MGM Resorts Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
5.7%
FY2025
5-year range
-12.4% / 30.6%
FY2021-FY2025
Trend
-34.0%
vs FY2024
Sector context
#123 of 195
Consumer Discretionary
What the data says
At 5.7%, MGM Resorts's operating margin ranks #123 of 195 in the Consumer Discretionary sector. Operating Margin has fluctuated over the past 10 years, ranging from -12.4% in FY2022 to 30.6% in FY2021.
Based on SEC 10-K filings.
5.7% in FY2025 with a 5-year CAGR of -6.8%.
Declined from 23.5% to 5.7% over the past 2 years.
Consumer Discretionary sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +18.2pp
- 5-Year Change
- -6.8pp
- 10-Year Change
- -
Sector benchmark
#123 of 195 in Consumer DiscretionaryTop 63% of 195This company 5.7% Sector average 3.6%
▼
+59.2% above sector average
Key checks
Key Insights
- In FY2025, operating margin decreased 34.0% year-over-year.
- Currently 2.1pp above the Consumer Discretionary sector average.
- Peak operating margin was recorded in FY2021.
- Lowest operating margin in the period was in FY2022.
Company context
Key Data Points
- Altman Z-Score 0.58 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 5.7% | -34.0% |
| FY2024 | 8.6% | -63.3% |
| FY2023 | 23.5% | +289.1% |
| FY2022 | -12.4% | -140.8% |
| FY2021 | 30.6% | +144.6% |
| FY2020 | 12.5% | -21.2% |
| FY2019 | 15.9% | -27.7% |
| FY2018 | 21.9% | +38.3% |
| FY2017 | 15.9% | -27.7% |
| FY2016 | 21.9% | +1390.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026