MGM Resorts International
MGM Resorts International returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | 2.71% | — | 15.44% | 1.04% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | 2.39% | — | 7.1% | 0.44% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | 2.61% | — | 7.74% | 0.49% | — |
| FY 2025 Q3 | Sep 30, 2025 | 12.37% | 2.51% | — | 2.25% | 0.17% | 4.7 pp |
| FY 2025 Q2 | Jun 30, 2025 | 16.34% | 3.61% | — | 17.34% | 1.29% | 8.6 pp |
| FY 2025 Q1 | Mar 31, 2025 | 17.65% | 3.64% | -140.69% | 21.38% | 1.61% | 9.9 pp |
| FY 2024 Q4 | Dec 31, 2024 | 18.47% | 3.82% | — | 21.76% | 1.76% | 10.8 pp |
| FY 2024 Q3 | Sep 30, 2024 | 20.59% | 4.12% | 478.43% | 25.1% | 2.12% | 12.9 pp |
| FY 2024 Q2 | Jun 30, 2024 | — | 4.24% | — | 23.07% | 2.08% | — |
| FY 2024 Q1 | Mar 31, 2024 | 20.69% | 4.06% | — | 21.55% | 2.09% | 13 pp |
| FY 2023 Q4 | Dec 31, 2023 | 21.42% | 4.7% | — | 26.48% | 2.59% | 13.7 pp |
| FY 2023 Q3 | Sep 30, 2023 | 9.68% | 3.63% | — | 24.88% | 2.48% | 2 pp |
| FY 2023 Q2 | Jun 30, 2023 | — | 0.13% | — | 7.21% | 0.82% | — |
| FY 2023 Q1 | Mar 31, 2023 | 6.93% | 5.45% | — | 39.1% | 4.76% | -0.8 pp |
| FY 2022 Q4 | Dec 31, 2022 | 2.43% | 3.66% | — | 26.44% | 3.4% | -5.3 pp |
| FY 2022 Q3 | Sep 30, 2022 | 7.71% | 4.56% | — | 21.98% | 2.98% | 0 pp |
| FY 2022 Q2 | Jun 30, 2022 | 26.68% | 12.24% | — | 53.62% | 7.62% | 19 pp |
| FY 2022 Q1 | Mar 31, 2022 | 11.72% | 7.46% | — | 26.21% | 4.13% | 4 pp |
| FY 2021 Q4 | Dec 31, 2021 | 10.05% | 6.32% | — | 18.7% | 3.24% | 2.3 pp |
| FY 2021 Q3 | Sep 30, 2021 | 7.03% | 4.29% | -332.32% | 9.12% | 1.73% | -0.7 pp |
| FY 2021 Q2 | Jun 30, 2021 | — | -2.42% | — | -18.46% | -3.26% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | -5.95% | — | -29.61% | -5.68% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | -1.97% | — | -14.01% | -2.94% | — |
| FY 2020 Q3 | Sep 30, 2020 | 9.01% | 8.63% | — | 22.73% | 4.18% | 1.3 pp |
| FY 2020 Q2 | Jun 30, 2020 | 12.14% | 10.85% | — | 28.23% | 5.64% | 4.4 pp |
| FY 2020 Q1 | Mar 31, 2020 | 17.05% | 14.87% | — | 37.84% | 8.04% | 9.3 pp |
| FY 2019 Q4 | Dec 31, 2019 | 13.45% | 13.6% | — | 28.74% | 6.39% | 5.7 pp |
| FY 2019 Q3 | Sep 30, 2019 | 2.61% | 4.8% | — | 0.13% | 0.05% | -5.1 pp |
| FY 2019 Q2 | Jun 30, 2019 | 3.9% | 5.52% | — | 2.8% | 0.65% | -3.8 pp |
| FY 2019 Q1 | Mar 31, 2019 | 4.02% | 5.48% | — | 3.68% | 0.91% | -3.7 pp |
| FY 2018 Q4 | Dec 31, 2018 | 5.74% | 5.51% | — | 6.31% | 1.57% | -2 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 5.09% | — | 28.57% | 6.38% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 5.56% | — | 28.14% | 6.57% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 6.08% | — | 28.69% | 6.86% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 6.6% | — | 28.08% | 6.84% | — |
| FY 2017 Q3 | Sep 30, 2017 | 5.92% | 6.83% | — | 9.46% | 2.08% | -1.8 pp |
| FY 2017 Q2 | Jun 30, 2017 | 8.71% | 7.89% | — | 16.24% | 3.55% | 1 pp |
| FY 2017 Q1 | Mar 31, 2017 | 10.56% | 9.12% | — | 21.45% | 4.62% | 2.9 pp |
| FY 2016 Q4 | Dec 31, 2016 | 10.14% | 8.51% | — | 19.43% | 4.13% | 2.4 pp |
| FY 2016 Q3 | Sep 30, 2016 | — | 2.39% | — | 4.88% | 1.09% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 0.76% | — | -3.06% | -0.65% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | -0.97% | — | -11.63% | -2.11% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | -0.68% | — | -9.72% | -1.72% | — |
| FY 2015 Q3 | Sep 30, 2015 | 2.42% | 5.59% | — | -0.17% | -0.03% | -5.3 pp |
| FY 2015 Q2 | Jun 30, 2015 | 1.75% | 5.47% | — | -1.85% | -0.36% | -5.9 pp |
| FY 2015 Q1 | Mar 31, 2015 | 2.56% | 5.35% | — | -2.02% | -0.33% | -5.1 pp |
| FY 2014 Q4 | Dec 31, 2014 | 2.07% | 5.61% | -55.16% | -3.6% | -0.57% | -5.6 pp |
| FY 2014 Q3 | Sep 30, 2014 | — | 6.01% | — | 3.57% | 0.92% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 5.71% | — | 3.28% | 0.87% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 5.16% | — | -1.26% | 0.09% | — |
| FY 2013 Q4 | Dec 31, 2013 | 3.61% | 4.61% | — | -3.64% | -0.6% | -4.1 pp |
| FY 2013 Q3 | Sep 30, 2013 | — | 1.45% | — | -27.35% | -4.89% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 1% | — | -29.78% | -5.5% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 0.76% | — | -30.12% | -5.64% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 0.32% | — | -33.82% | -6.54% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 2.31% | — | -11.14% | -1.97% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 2.24% | — | -9.93% | -1.81% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | 18.94% | — | 67.91% | 13.41% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | 18.55% | — | 68.57% | -0.13% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 18.66% | — | 70.29% | 13.15% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 16.9% | — | 62.83% | 12.27% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · MGM, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.