What is the current annual gross margin of MGM?

As of today, MGM annual gross margin is 45.51%

What is 1-year change in MGM annual gross margin?

MGM annual gross margin is down -3.33% year-over-year

What is 3-year change in MGM annual gross margin?

MGM annual gross margin is down -5.25% over the past 3 years

How far is MGM annual gross margin from its all-time high?

MGM annual gross margin is currently -10.83% below its historical high of 51.04% set on December 31, 1997

How does MGM annual gross margin rank versus sector peers?

MGM annual gross margin is higher than 76.42% of companies in Consumer Cyclical sector

When is MGM next annual earnings release?

The next annual earnings release for MGM is on February 11, 2026

What is the current quarterly gross margin of MGM?

As of today, MGM quarterly gross margin is 37.29%

What is MGM quarterly gross margin most recent change?

MGM quarterly gross margin was down -4.36% on September 30, 2025

What is 1-year change in MGM quarterly gross margin?

MGM quarterly gross margin is down -4.58% year-over-year

How far is MGM quarterly gross margin from its all-time high?

MGM quarterly gross margin is currently -49.21% below its historical high of 73.42% set on December 31, 1991

How does MGM quarterly gross margin rank versus sector peers?

MGM quarterly gross margin is higher than 59.73% of companies in Consumer Cyclical sector

When is MGM next earnings release?

The next earnings release for MGM is on February 11, 2026

MGM Gross Margin History & Chart Since 1988

Annual Gross Margin

45.51%1.57%-3.33%

December 31, 2024

Summary

Current Value: As of today, MGM annual gross margin is 45.51%, down -3.33% on December 31, 2024
Historical Performance: MGM annual gross margin is down -5.25% over the past 3 years, and up +10.84% over the past 5 years
All-Time High Comparison: MGM annual gross margin is currently -10.83% below its historical high of 51.04% set on December 31, 1997
3-Year Low Comparison: MGM annual gross margin is at its 3-year low
Sector Comparison: MGM annual gross margin is higher than 76.42% of companies in Consumer Cyclical sector

Gross Margin Chart

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Performance

MGM Performance
Metric	Date	Value	1Y	3Y	5Y	15Y
Annual Gross Margin	Dec 31, 24	45.51%	-3.3%	-5.3%	+10.8%	+11.5%
Quarterly Gross Margin	Sep 30, 25	37.29%	-4.6%	+339.2%	+311.6%	+32.0%
Price	Jan 9, 26	$34.45	+5.4%	-8.5%	+9.8%	+110.7%
PE Ratio	Jan 9, 26	216.26	+1482.0%	+1844.8%	–	–
Annual Revenue	Dec 31, 24	$17.24B	+6.7%	+78.1%	+33.6%	+186.8%
Annual Gross Profit	Dec 31, 24	$7.85B	+3.1%	+68.8%	+48.2%	+221.7%
Annual Operating Margin	Dec 31, 24	9.69%	-1.1%	+64.8%	-12.3%	+166.1%
Annual Net Margin	Dec 31, 24	4.33%	-38.8%	-66.6%	-72.8%	+120.0%

Gross Margin Highs

MGM Annual Gross Margin Highs Comparison
Period	High	Date	Current
3Y	49.32%	N/A	-7.7%
5Y	49.32%	Dec 31, 22	-7.7%
All	51.04%	Dec 31, 97	-10.8%

Gross Margin Lows

MGM Annual Gross Margin Lows Comparison
Period	Low	Date	Current
3Y	45.51%	Dec 31, 24	at low
5Y	33.11%	N/A	+37.5%
All	-81.49%	Dec 31, 93	+155.8%

Gross Margin History

Year	Value	Change
2024	45.51%	-3.3%
2023	47.08%	-4.5%
2022	49.32%	+2.7%
2021	48.03%	+45.1%
2020	33.11%	-19.4%
2019	41.06%	-0.3%
2018	41.18%	-3.4%
2017	42.64%	+2.1%
2016	41.75%	+7.6%
2015	38.79%	+5.3%
2014	36.83%	+1.7%
2013	36.20%	+2.4%
2012	35.36%	-1.7%
2011	35.96%	-3.7%
2010	37.35%	-8.5%
2009	40.80%	-7.4%
2008	44.04%	-4.7%
2007	46.19%	-1.4%
2006	46.86%	+2.1%

Year	Value	Change
2005	45.88%	-1.5%
2004	46.56%	+4.5%
2003	44.57%	-3.8%
2002	46.32%	+2.7%
2001	45.12%	-4.6%
2000	47.31%	-1.9%
1999	48.25%	-4.2%
1998	50.39%	-1.3%
1997	51.04%	+2.2%
1996	49.96%	+7.4%
1995	46.51%	+2.5%
1994	45.39%	+155.7%
1993	-81.49%	-366.3%
1992	30.60%	-2.7%
1991	31.45%	+48.8%
1990	21.13%	-23.2%
1989	27.51%	-20.1%
1988	34.44%	-

FAQ

What is the current annual gross margin of MGM?
As of today, MGM annual gross margin is 45.51%
What is 1-year change in MGM annual gross margin?
MGM annual gross margin is down -3.33% year-over-year
What is 3-year change in MGM annual gross margin?
MGM annual gross margin is down -5.25% over the past 3 years
How far is MGM annual gross margin from its all-time high?
MGM annual gross margin is currently -10.83% below its historical high of 51.04% set on December 31, 1997
How does MGM annual gross margin rank versus sector peers?
MGM annual gross margin is higher than 76.42% of companies in Consumer Cyclical sector
When is MGM next annual earnings release?
The next annual earnings release for MGM is on February 11, 2026

Quarterly Gross Margin

37.29%1.70%-4.36%

September 30, 2025

Summary

Current Value: As of today, MGM quarterly gross margin is 37.29%, down -4.36% on September 30, 2025
Historical Performance: MGM quarterly gross margin is down -4.58% year-over-year, and up +339.22% over the past 3 years
All-Time High Comparison: MGM quarterly gross margin is currently -49.21% below its historical high of 73.42% set on December 31, 1991
3-Year Low Comparison: MGM quarterly gross margin is +321.36% above its 3-year low of 8.85% reached on an earlier date
Sector Comparison: MGM quarterly gross margin is higher than 59.73% of companies in Consumer Cyclical sector

Performance

MGM Performance
Metric	Date	Value	3M	1Y	3Y	5Y
Quarterly Gross Margin	Sep 30, 25	37.29%	-4.4%	-4.6%	+339.2%	+311.6%
Annual Gross Margin	Dec 31, 24	45.51%	–	-3.3%	-5.3%	+10.8%
Price	Jan 9, 26	$34.45	+6.2%	+5.4%	-8.5%	+9.8%
PE Ratio	Jan 9, 26	216.26	+6.2%	+1482.0%	+1844.8%	–
Quarterly Revenue	Sep 30, 25	$4.25B	-3.5%	+1.6%	+24.4%	+277.5%
Quarterly Gross Profit	Sep 30, 25	$1.58B	-7.7%	-3.0%	+446.5%	+1453.2%
Quarterly Operating Margin	Sep 30, 25	5.16%	-40.0%	-35.1%	+117.0%	+111.3%
Quarterly Net Margin	Sep 30, 25	-4.86%	-281.3%	-183.2%	+84.3%	+90.9%

Quarterly Gross Margin Highs

MGM Quarterly Gross Margin Highs Comparison
Period	High	Date	Current
1Y	40.23%	Mar 31, 25	-7.3%
3Y	43.19%	Mar 31, 23	-13.7%
5Y	43.19%	Mar 31, 23	-13.7%
All	73.42%	Dec 31, 91	-49.2%

Quarterly Gross Margin Lows

MGM Quarterly Gross Margin Lows Comparison
Period	Low	Date	Current
1Y	37.29%	Sep 30, 25	at low
3Y	8.85%	N/A	+321.4%
5Y	8.49%	Sep 30, 22	+339.2%
All	-132.42%	Jun 30, 20	+128.2%

Quarterly Gross Margin History

Month	Value	Change
Sep 2025	37.29%	-4.4%
Jun 2025	38.99%	-3.1%
Mar 2025	40.23%	+0.3%
Dec 2024	40.10%	+2.6%
Sep 2024	39.08%	-6.7%
Jun 2024	41.88%	+0.5%
Mar 2024	41.66%	+1.6%
Dec 2023	41.02%	-2.6%
Sep 2023	42.13%	+0.4%
Jun 2023	41.98%	-2.8%
Mar 2023	43.19%	+388.0%
Dec 2022	8.85%	+4.2%
Sep 2022	8.49%	-78.5%
Jun 2022	39.47%	+2.8%
Mar 2022	38.39%	-1.8%
Dec 2021	39.09%	+2.2%
Sep 2021	38.26%	+3.5%
Jun 2021	36.98%	+41.9%
Mar 2021	26.06%	+36.9%
Dec 2020	19.03%	+110.0%
Sep 2020	9.06%	+106.8%
Jun 2020	-132.42%	-701.1%
Mar 2020	22.03%	-26.4%
Dec 2019	29.95%	-6.0%
Sep 2019	31.85%	+4.4%
Jun 2019	30.52%	-2.9%
Mar 2019	31.42%	+5.0%
Dec 2018	29.92%	-3.7%
Sep 2018	31.08%	-0.5%
Jun 2018	31.24%	-4.0%
Mar 2018	32.53%	+4.8%
Dec 2017	31.04%	-10.6%
Sep 2017	34.72%	+3.8%
Jun 2017	33.44%	-2.8%
Mar 2017	34.42%	+9.7%
Dec 2016	31.38%	-10.3%
Sep 2016	34.98%	+5.9%
Jun 2016	33.03%	+3.1%
Mar 2016	32.05%	+4.5%
Dec 2015	30.67%	+3.2%
Sep 2015	29.73%	-1.6%
Jun 2015	30.22%	+4.6%
Mar 2015	28.89%	+1.9%
Dec 2014	28.35%	+2.2%
Sep 2014	27.75%	-5.6%
Jun 2014	29.41%	+0.1%
Mar 2014	29.37%	+5.3%
Dec 2013	27.88%	+2.3%
Sep 2013	27.25%	-1.1%
Jun 2013	27.54%	+0.2%
Mar 2013	27.49%	+8.1%
Dec 2012	25.43%	+1.7%
Sep 2012	25.01%	-5.0%
Jun 2012	26.33%	+9.0%
Mar 2012	24.15%	+0.1%
Dec 2011	24.12%	-0.5%
Sep 2011	24.24%	-12.1%
Jun 2011	27.57%	+1.1%
Mar 2011	27.27%	+2.5%
Dec 2010	26.61%	-5.8%
Sep 2010	28.24%	+4.4%
Jun 2010	27.05%	+5.3%
Mar 2010	25.70%	-0.2%
Dec 2009	25.75%	-16.6%
Sep 2009	30.88%	+1.1%
Jun 2009	30.53%	+4.4%
Mar 2009	29.23%	+2.9%
Dec 2008	28.42%	-14.3%
Sep 2008	33.16%	-6.7%
Jun 2008	35.55%	+0.2%
Mar 2008	35.48%	+0.8%
Dec 2007	35.19%	-4.1%
Sep 2007	36.71%	-3.3%

Month	Value	Change
Jun 2007	37.95%	-1.3%
Mar 2007	38.46%	+4.3%
Dec 2006	36.89%	-1.7%
Sep 2006	37.51%	-1.9%
Jun 2006	38.22%	-1.1%
Mar 2006	38.64%	+8.9%
Dec 2005	35.48%	+0.1%
Sep 2005	35.43%	-4.1%
Jun 2005	36.95%	-9.1%
Mar 2005	40.64%	-16.5%
Dec 2004	48.67%	+38.5%
Sep 2004	35.14%	-7.7%
Jun 2004	38.08%	+2.8%
Mar 2004	37.05%	+9.8%
Dec 2003	33.74%	+0.9%
Sep 2003	33.45%	-7.2%
Jun 2003	36.03%	+7.2%
Mar 2003	33.62%	-14.3%
Dec 2002	39.21%	+8.4%
Sep 2002	36.17%	-2.0%
Jun 2002	36.92%	+0.7%
Mar 2002	36.68%	-3.8%
Dec 2001	38.13%	+19.9%
Sep 2001	31.81%	-14.3%
Jun 2001	37.13%	+0.2%
Mar 2001	37.05%	+4.2%
Dec 2000	35.57%	-6.2%
Sep 2000	37.94%	-2.9%
Jun 2000	39.09%	-6.0%
Mar 2000	41.58%	+10.7%
Dec 1999	37.57%	-7.7%
Sep 1999	40.71%	-1.0%
Jun 1999	41.11%	+11.1%
Mar 1999	37.01%	-0.9%
Dec 1998	37.36%	+12.3%
Sep 1998	33.28%	+3.9%
Jun 1998	32.03%	+2.3%
Mar 1998	31.31%	-37.5%
Dec 1997	50.09%	-3.9%
Sep 1997	52.11%	+4.3%
Jun 1997	49.98%	-4.0%
Mar 1997	52.05%	+6.3%
Dec 1996	48.96%	-1.5%
Sep 1996	49.70%	-0.5%
Jun 1996	49.97%	-2.3%
Mar 1996	51.17%	-23.3%
Dec 1995	66.73%	+46.3%
Sep 1995	45.62%	+19.0%
Jun 1995	38.35%	-0.9%
Mar 1995	38.70%	-12.7%
Dec 1994	44.35%	-12.6%
Sep 1994	50.73%	+13.9%
Jun 1994	44.54%	+8.7%
Mar 1994	40.97%	+135.8%
Dec 1993	-114.29%	>-9,900.0%
Sep 1993	0.00%	+100.0%
Jun 1993	-6.38%	-124.0%
Mar 1993	26.53%	-44.9%
Dec 1992	48.18%	+121.9%
Sep 1992	21.71%	+0.2%
Jun 1992	21.67%	-33.1%
Mar 1992	32.39%	-55.9%
Dec 1991	73.42%	+161.6%
Sep 1991	28.07%	+6.1%
Jun 1991	26.46%	+54.5%
Mar 1991	17.13%	-44.9%
Dec 1990	31.11%	+311.0%
Sep 1990	7.57%	-72.0%
Jun 1990	26.99%	+27.6%
Mar 1990	21.15%	-20.2%
Dec 1989	26.50%	+36.0%
Sep 1989	19.49%	-26.8%
Jun 1989	26.64%	-

FAQ

What is the current quarterly gross margin of MGM?
As of today, MGM quarterly gross margin is 37.29%
What is MGM quarterly gross margin most recent change?
MGM quarterly gross margin was down -4.36% on September 30, 2025
What is 1-year change in MGM quarterly gross margin?
MGM quarterly gross margin is down -4.58% year-over-year
How far is MGM quarterly gross margin from its all-time high?
MGM quarterly gross margin is currently -49.21% below its historical high of 73.42% set on December 31, 1991
How does MGM quarterly gross margin rank versus sector peers?
MGM quarterly gross margin is higher than 59.73% of companies in Consumer Cyclical sector
When is MGM next earnings release?
The next earnings release for MGM is on February 11, 2026

Gross Margin Formula

Gross Margin = Gross Profit

Revenue × 100%

Data Sources & References

MGM Official Website www.mgmresorts.com
Most Recent Quarterly Report (10-Q) www.sec.gov/Archives/edgar/data/789570/000078957025000074/0000789570-25-000074-index.htm
Most Recent Annual Report (10-K) www.sec.gov/Archives/edgar/data/789570/000078957025000008/0000789570-25-000008-index.htm
MGM Profile on Yahoo Finance finance.yahoo.com/quote/MGM
MGM Profile on NASDAQ.com www.nasdaq.com/market-activity/stocks/mgm