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What is MGM's Operating Income?

  MGM Resorts International ( MGM ) |
1994 - 2021 (28 years)

Operating Income is 
-$1.9B (1Y -283.5% )

MGM Stock Price & Operating Income

Operating Income for MGM competitors.
MCRI PENN CNTY WYNN MLCO BYD LVS
Note: Stonk = Stock. Both words are used interchangeably. 🙂

Historical (All-Time) Stats for Operating Income

chevron_right 2021 -$350.3M +2.6x *
( +4.7% / year avg)
chevron_left 1994 $98.1M
vertical_align_top Peak $3.8B +2.35x *
vertical_align_bottom Bottom -$2.8B
arrow_drop_up # Up Years 16 16 of 28
years up.
arrow_drop_down # Down Years 12
Up Years = Positive (0%+) YoY change
Down Years = Zero or Negative (0% or less) YoY change

Key Points (Stonk Price Comparison)

  • MGM's stock price has rallied +807% from $2.54 in 1994 , or -1.54x faster than it's operating income over the same period.
  • If MGM grows it's stock at the same rate as it's operating income (+4.7%/year) , it's stock price will grow +158% and hit $36.5 over the next 10 years.
  • MGM's stock price has gone up 12 of the 16 years (+75%) it's operating income were also up.
* A modified method (see: here) is used to calculate changes that involve negative numbers.
  • MGM Historical Operating Income Table
    in $ million
    * A modified method (see: here) is used to calculate changes that involve negative numbers.
    Year Operating Income YoY % Change* Stock Price YoY % Change (Stock Price)
    4/1/2021 $-350 -128.7% $23.06 34.2%
    4/1/2020 $1,220 -17.2% $17.18 -29.3%
    4/1/2019 $1,474 20.7% $24.3 -19.7%
    4/1/2018 $1,222 -24.5% $30.26 0.5%
    4/1/2017 $1,618 27.4% $30.11 39.4%
    4/1/2016 $1,270 15.0% $21.6 14.0%
    4/1/2015 $1,104 -18.1% $18.95 -22.1%
    4/1/2014 $1,348 21.3% $24.34 69.7%
    4/1/2013 $1,111 -139.3% $14.34 40.1%
    4/1/2012 $-2,828 -174.0% $10.24 -28.1%
    4/1/2011 $3,823 -256.5% $14.25 20.9%
    4/1/2010 $-2,443 439.9% $11.78 67.0%
    4/1/2009 $-452 -118.8% $7.05 -84.8%
    4/1/2008 $2,402 29.3% $46.52 -38.1%
    4/1/2007 $1,857 14.2% $75.18 91.8%
    4/1/2006 $1,626 32.9% $39.19 8.8%
    4/1/2005 $1,224 27.6% $36.01 71.5%
    4/1/2004 $959 48.2% $20.99 57.2%
    4/1/2003 $647 -33.0% $13.35 -25.0%
    4/1/2002 $966 75.3% $17.81 19.9%
    4/1/2001 $551 3.6% $14.86 -2.9%
    4/1/2000 $532 184.2% $15.31 50.6%
    4/1/1999 $187 42.4% $10.17 30.4%
    4/1/1998 $131 -40.1% $7.8 -10.9%
    4/1/1997 $219 -5.4% $8.75 -16.8%
    4/1/1996 $232 142.6% $10.52 59.0%
    4/1/1995 $95 -2.4% $6.62 14.5%
    4/1/1994 $98 - $5.78 -

  • About
    Industry: Resorts & Casinos
    Sector: Consumer Cyclical
    Country: US
    IPO Date: 12/13/1989
    Stonk Exchange: NYSE
    • MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts.
    • The company is headquartered in Las Vegas, Nevada and currently employs 55,000 full-time employees.
    • The Company, through its subsidiaries, owns and operates casino resorts.
    • The firm operates in two segments: domestic resorts and MGM China.
    • Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities.
    • Its casino operations feature a range of slots, table games, and race and sports book wagering.
    • Its MGM China’s operations consist of the MGM Macau resort and casino, and the development of an integrated casino, hotel and entertainment resort on the Cotai Strip in Macau.
    • Under its resort operation, the Company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities.
    • The company owns Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi, among others.

  • Operating Income = Gross Profit - SG&A

    A company's earnings from its normal operations before any non-operating income and/or costs such as interest expense, taxes, and special items. Income at the operating level, which is viewed as more reliable, is often used by financial analysts rather than net income as a measure of profitability.

    For more detailed definitions, please see Investopedia.