MGM Resorts International (MGM) — Capital Reinvestment Ratio
MGM Resorts International (MGM) has a Capital Reinvestment Ratio of 0.27x as of March 2026, meaning it reinvests 0% of its operating cash flow ($567.79 Million) in capital expenditures ($154.66 Million). Check MGM intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
MGM Resorts International Capital Reinvestment Ratio (1989–2025)
This chart tracks MGM Resorts International's Capital Reinvestment Ratio across 34 annual periods. For the full cash flow conversion analysis, see MGM Resorts International cash conversion from operations.
Annual Capital Reinvestment Ratio for MGM Resorts International (1989–2025)
Year-by-year Capital Reinvestment Ratio for MGM Resorts International from 1989 to 2025. See MGM Resorts International (MGM) free cash flow to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.39x | $2.74 Billion | $1.07 Billion | ▼ -19.8% |
| 2024 | 0.49x | $2.36 Billion | $1.15 Billion | ▲ +41.1% |
| 2023 | 0.35x | $2.70 Billion | $931.81 Million | ▼ -20.3% |
| 2022 | 0.43x | $1.77 Billion | $765.07 Million | ▲ +21.2% |
| 2021 | 0.36x | $1.37 Billion | $490.70 Million | ▼ -12.5% |
| 2019 | 0.41x | $1.81 Billion | $739.01 Million | ▼ -52.7% |
| 2018 | 0.86x | $1.72 Billion | $1.49 Billion | ▲ +2.2% |
| 2017 | 0.84x | $2.21 Billion | $1.86 Billion | ▼ -42.7% |
| 2016 | 1.47x | $1.53 Billion | $2.26 Billion | ▲ +1.1% |
| 2015 | 1.46x | $1.01 Billion | $1.47 Billion | ▲ +72.4% |
| 2014 | 0.85x | $1.13 Billion | $957.04 Million | ▲ +97.3% |
| 2013 | 0.43x | $1.31 Billion | $562.12 Million | ▼ -7.7% |
| 2012 | 0.46x | $909.35 Million | $422.76 Million | ▲ +4.2% |
| 2011 | 0.45x | $675.13 Million | $301.24 Million | ▲ +8.4% |
| 2010 | 0.41x | $504.01 Million | $207.49 Million | ▲ +76.9% |
| 2009 | 0.23x | $587.91 Million | $136.85 Million | ▼ -77.6% |
| 2008 | 1.04x | $753.03 Million | $781.75 Million | ▼ -64.6% |
| 2007 | 2.93x | $994.42 Million | $2.92 Billion | ▲ +89.6% |
| 2006 | 1.55x | $1.22 Billion | $1.88 Billion | ▲ +140.9% |
| 2005 | 0.64x | $1.18 Billion | $759.95 Million | ▼ -24.2% |
| 2004 | 0.85x | $829.25 Million | $702.86 Million | ▲ +5.9% |
| 2003 | 0.80x | $687.74 Million | $550.23 Million | ▲ +120.8% |
| 2002 | 0.36x | $827.96 Million | $300.04 Million | ▼ -12.3% |
| 2001 | 0.41x | $793.75 Million | $327.94 Million | ▲ +0.4% |
| 2000 | 0.41x | $817.56 Million | $336.50 Million | ▼ -68.2% |
| 1999 | 1.29x | $289.90 Million | $375.30 Million | ▼ -38.6% |
| 1998 | 2.11x | $171.70 Million | $361.90 Million | ▲ +70.2% |
| 1997 | 1.24x | $184.00 Million | $227.80 Million | ▲ +258.0% |
| 1996 | 0.35x | $245.20 Million | $84.80 Million | ▲ +5.9% |
| 1995 | 0.33x | $114.50 Million | $37.40 Million | ▼ -53.2% |
| 1994 | 0.70x | $94.50 Million | $66.00 Million | ▼ -96.1% |
| 1992 | 17.97x | $12.30 Million | $221.00 Million | ▲ +806.8% |
| 1991 | 1.98x | $21.50 Million | $42.60 Million | ▲ +25.7% |
| 1989 | 1.58x | $12.50 Million | $19.70 Million | — |