MGM Resorts International (MGM) - Net Assets
Based on the latest financial reports, MGM Resorts International (MGM) has net assets worth $3.33 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($41.40 Billion) and total liabilities ($38.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MGM Resorts International (MGM) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.33 Billion |
| % of Total Assets | 8.05% |
| Annual Growth Rate | 7.78% |
| 5-Year Change | -70.55% |
| 10-Year Change | -67.31% |
| Growth Volatility | 48.04 |
MGM Resorts International - Net Assets Trend (1988–2025)
This chart illustrates how MGM Resorts International's net assets have evolved over time, based on quarterly financial data. See MGM Resorts International (MGM) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for MGM Resorts International (1988–2025)
The table below shows the annual net assets of MGM Resorts International from 1988 to 2025. For live valuation and market cap data, see MGM company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.28 Billion | -11.93% |
| 2024-12-31 | $3.72 Billion | -14.83% |
| 2023-12-31 | $4.37 Billion | -18.65% |
| 2022-12-31 | $5.37 Billion | -51.74% |
| 2021-12-31 | $11.12 Billion | -1.09% |
| 2020-12-31 | $11.25 Billion | -11.92% |
| 2019-12-31 | $12.77 Billion | +20.77% |
| 2018-12-31 | $10.57 Billion | -9.57% |
| 2017-12-31 | $11.69 Billion | +16.64% |
| 2016-12-31 | $10.02 Billion | +28.99% |
| 2015-12-31 | $7.77 Billion | +1.87% |
| 2014-12-31 | $7.63 Billion | -3.14% |
| 2013-12-31 | $7.88 Billion | -2.96% |
| 2012-12-31 | $8.12 Billion | -17.87% |
| 2011-12-31 | $9.88 Billion | +229.57% |
| 2010-12-31 | $3.00 Billion | -22.53% |
| 2009-12-31 | $3.87 Billion | -2.61% |
| 2008-12-31 | $3.97 Billion | -34.42% |
| 2007-12-31 | $6.06 Billion | +57.44% |
| 2006-12-31 | $3.85 Billion | +18.99% |
| 2005-12-31 | $3.24 Billion | +16.72% |
| 2004-12-31 | $2.77 Billion | +9.39% |
| 2003-12-31 | $2.53 Billion | -4.89% |
| 2002-12-31 | $2.66 Billion | +6.11% |
| 2001-12-31 | $2.51 Billion | +5.38% |
| 2000-12-31 | $2.38 Billion | +132.84% |
| 1999-12-31 | $1.02 Billion | +6.10% |
| 1998-12-31 | $964.40 Million | -12.45% |
| 1997-12-31 | $1.10 Billion | +13.17% |
| 1996-12-31 | $973.40 Million | +66.54% |
| 1995-12-31 | $584.50 Million | +10.41% |
| 1994-12-31 | $529.40 Million | +9.88% |
| 1993-12-31 | $481.80 Million | -8.54% |
| 1992-12-31 | $526.80 Million | +17.88% |
| 1991-12-31 | $446.90 Million | +72.95% |
| 1990-12-31 | $258.40 Million | -2.53% |
| 1989-12-31 | $265.10 Million | +29.57% |
| 1988-12-31 | $204.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MGM Resorts International's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 211243599900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.11 Billion | 86.70% |
| Common Stock | $2.58 Million | 0.11% |
| Other Comprehensive Income | $320.50 Million | 13.19% |
| Other Components | $1.00 | 0.00% |
| Total Equity | $2.43 Billion | 100.00% |
MGM Resorts International Competitors by Market Cap
The table below lists competitors of MGM Resorts International ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hasbro Inc
NASDAQ:HAS
|
$11.99 Billion |
|
Embraer SA ADR
NYSE:ERJ
|
$12.00 Billion |
|
Yara International ASA
OL:YAR
|
$12.00 Billion |
|
Ionis Pharmaceuticals Inc
NASDAQ:IONS
|
$12.01 Billion |
|
Lynas Rare Earths Limited
F:LYIC
|
$11.98 Billion |
|
Saputo Inc
TO:SAP
|
$11.97 Billion |
|
PRADA S.P.A.UNS.ADR/2 EO1
F:PRP0
|
$11.97 Billion |
|
Ivanhoe Mines Ltd.
TO:IVN
|
$11.95 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MGM Resorts International's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,023,481,000 to 2,429,917,000, a change of -593,564,000 (-19.6%).
- Net income of 206,250,000 contributed positively to equity growth.
- Share repurchases of 1,228,272,000 reduced equity.
- Other comprehensive income increased equity by 381,714,000.
- Other factors increased equity by 46,744,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $206.25 Million | +8.49% |
| Share Repurchases | $1.23 Billion | -50.55% |
| Other Comprehensive Income | $381.71 Million | +15.71% |
| Other Changes | $46.74 Million | +1.92% |
| Total Change | $- | -19.63% |
Book Value vs Market Value Analysis
This analysis compares MGM Resorts International's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.11x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 16.41x to 5.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | $2.85 | $46.84 | x |
| 1989-12-31 | $3.16 | $46.84 | x |
| 1990-12-31 | $2.57 | $46.84 | x |
| 1991-12-31 | $3.66 | $46.84 | x |
| 1992-12-31 | $3.15 | $46.84 | x |
| 1993-12-31 | $2.54 | $46.84 | x |
| 1994-12-31 | $2.70 | $46.84 | x |
| 1995-12-31 | $2.96 | $46.84 | x |
| 1996-12-31 | $4.45 | $46.84 | x |
| 1997-12-31 | $4.66 | $46.84 | x |
| 1998-12-31 | $4.27 | $46.84 | x |
| 1999-12-31 | $4.28 | $46.84 | x |
| 2000-12-31 | $8.08 | $46.84 | x |
| 2001-12-31 | $7.84 | $46.84 | x |
| 2002-12-31 | $8.33 | $46.84 | x |
| 2003-12-31 | $8.32 | $46.84 | x |
| 2004-12-31 | $9.61 | $46.84 | x |
| 2005-12-31 | $11.15 | $46.84 | x |
| 2006-12-31 | $13.18 | $46.84 | x |
| 2007-12-31 | $20.32 | $46.84 | x |
| 2008-12-31 | $14.20 | $46.84 | x |
| 2009-12-31 | $10.23 | $46.84 | x |
| 2010-12-31 | $6.66 | $46.84 | x |
| 2011-12-31 | $10.85 | $46.84 | x |
| 2012-12-31 | $16.60 | $46.84 | x |
| 2013-12-31 | $16.08 | $46.84 | x |
| 2014-12-31 | $8.33 | $46.84 | x |
| 2015-12-31 | $9.43 | $46.84 | x |
| 2016-12-31 | $10.85 | $46.84 | x |
| 2017-12-31 | $13.09 | $46.84 | x |
| 2018-12-31 | $11.85 | $46.84 | x |
| 2019-12-31 | $14.64 | $46.84 | x |
| 2020-12-31 | $13.16 | $46.84 | x |
| 2021-12-31 | $12.46 | $46.84 | x |
| 2022-12-31 | $11.70 | $46.84 | x |
| 2023-12-31 | $10.63 | $46.84 | x |
| 2024-12-31 | $9.75 | $46.84 | x |
| 2025-12-31 | $9.17 | $46.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MGM Resorts International utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.18%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 17.03x
- Recent ROE (8.49%) is above the historical average (5.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | 2.10% | 2.07% | 0.75x | 1.36x | $-16.16 Million |
| 1989 | 9.66% | 12.02% | 0.73x | 1.10x | $-910.00K |
| 1990 | -9.13% | -13.37% | 0.47x | 1.45x | $-49.44 Million |
| 1991 | -2.73% | -8.30% | 0.31x | 1.06x | $-56.89 Million |
| 1992 | -3.82% | -40.20% | 0.05x | 2.02x | $-72.78 Million |
| 1993 | -24.41% | -203.46% | 0.05x | 2.41x | $-165.78 Million |
| 1994 | 14.07% | 10.04% | 0.65x | 2.15x | $21.56 Million |
| 1995 | 7.97% | 6.46% | 0.56x | 2.19x | $-11.85 Million |
| 1996 | 4.49% | 5.43% | 0.62x | 1.32x | $-53.64 Million |
| 1997 | 10.09% | 13.42% | 0.59x | 1.27x | $940.00K |
| 1998 | 7.14% | 8.90% | 0.44x | 1.83x | $-27.54 Million |
| 1999 | 8.40% | 6.18% | 0.51x | 2.68x | $-16.32 Million |
| 2000 | 6.75% | 4.57% | 0.33x | 4.51x | $-77.50 Million |
| 2001 | 6.76% | 4.24% | 0.38x | 4.18x | $-81.25 Million |
| 2002 | 10.98% | 7.25% | 0.38x | 3.94x | $26.02 Million |
| 2003 | 9.62% | 6.23% | 0.36x | 4.27x | $-9.68 Million |
| 2004 | 14.88% | 9.73% | 0.38x | 4.01x | $135.16 Million |
| 2005 | 13.70% | 6.84% | 0.31x | 6.40x | $119.75 Million |
| 2006 | 16.84% | 9.03% | 0.32x | 5.75x | $263.31 Million |
| 2007 | 26.14% | 20.60% | 0.34x | 3.75x | $978.35 Million |
| 2008 | -21.52% | -11.86% | 0.31x | 5.86x | $-1.25 Billion |
| 2009 | -33.37% | -21.61% | 0.27x | 5.82x | $-1.68 Billion |
| 2010 | -47.94% | -23.88% | 0.32x | 6.32x | $-1.74 Billion |
| 2011 | 51.17% | 39.68% | 0.28x | 4.56x | $2.51 Billion |
| 2012 | -21.78% | -19.30% | 0.35x | 3.24x | $-2.58 Billion |
| 2013 | -1.99% | -1.60% | 0.38x | 3.32x | $-944.17 Million |
| 2014 | -3.66% | -1.49% | 0.38x | 6.50x | $-558.96 Million |
| 2015 | -8.74% | -4.87% | 0.36x | 4.92x | $-959.71 Million |
| 2016 | 17.71% | 11.65% | 0.34x | 4.53x | $479.42 Million |
| 2017 | 25.76% | 18.08% | 0.37x | 3.85x | $1.19 Billion |
| 2018 | 7.17% | 3.97% | 0.39x | 4.64x | $-184.46 Million |
| 2019 | 26.52% | 15.89% | 0.38x | 4.38x | $1.28 Billion |
| 2020 | -15.88% | -21.00% | 0.13x | 5.61x | $-1.68 Billion |
| 2021 | 20.66% | 12.96% | 0.24x | 6.74x | $647.31 Million |
| 2022 | 30.49% | 11.22% | 0.29x | 9.46x | $989.94 Million |
| 2023 | 29.97% | 7.07% | 0.38x | 11.12x | $761.06 Million |
| 2024 | 24.69% | 4.33% | 0.41x | 13.97x | $444.21 Million |
| 2025 | 8.49% | 1.18% | 0.42x | 17.03x | $-36.74 Million |
Industry Comparison
This section compares MGM Resorts International's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $769,310,216
- Average return on equity (ROE) among peers: 15.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MGM Resorts International (MGM) | $3.33 Billion | 2.10% | 11.43x | $11.98 Billion |
| Bally's Corp (BALY) | $176.80 Million | 35.21% | 3.06x | $681.39 Million |
| Boyd Gaming Corporation (BYD) | $1.39 Billion | 21.87% | 2.24x | $6.29 Billion |
| Century Casinos Inc (CNTY) | $14.20 Million | 4.23% | 0.23x | $39.77 Million |
| Canterbury Park Holding Corporation (CPHC) | $84.09 Million | 2.51% | 0.31x | $80.60 Million |
| Caesars Entertainment Corporation (CZR) | $1.49 Billion | 14.00% | 2.21x | $3.95 Billion |
| Full House Resorts Inc (FLL) | $9.50 Million | -58.95% | 1.74x | $104.44 Million |
| Golden Entertainment Inc (GDEN) | $160.51 Million | -7.19% | 0.10x | $740.46 Million |
| Hilton Grand Vacations Inc (HGV) | $167.00 Million | 100.60% | 12.05x | $3.88 Billion |
| Las Vegas Sands Corp (LVS) | $4.10 Billion | 29.75% | 4.31x | $32.33 Billion |
| Monarch Casino & Resort Inc (MCRI) | $105.59 Million | 9.04% | 0.73x | $1.70 Billion |
About MGM Resorts International
MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. It operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The company operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well… Read more