MGM Income Before Tax from 2010 to 2024

MGM Stock  USD 36.52  0.08  0.22%   
MGM Resorts Income Before Tax yearly trend continues to be very stable with very little volatility. Income Before Tax is likely to grow to about 1.5 B this year. During the period from 2010 to 2024, MGM Resorts Income Before Tax quarterly data regression pattern had range of 4.6 B and standard deviation of  1,369,782,938. View All Fundamentals
 
Income Before Tax  
First Reported
1989-06-30
Previous Quarter
271.2 M
Current Value
296.7 M
Quarterly Volatility
555.8 M
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check MGM Resorts financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MGM Resorts' main balance sheet or income statement drivers, such as Depreciation And Amortization of 693.3 M, Interest Expense of 502.6 M or Total Revenue of 17 B, as well as many indicators such as Price To Sales Ratio of 0.93, Dividend Yield of 3.0E-4 or PTB Ratio of 4.37. MGM financial statements analysis is a perfect complement when working with MGM Resorts Valuation or Volatility modules.
  
Check out the analysis of MGM Resorts Correlation against competitors.

Latest MGM Resorts' Income Before Tax Growth Pattern

Below is the plot of the Income Before Tax of MGM Resorts International over the last few years. Income Before Tax which can also be referred as pre-tax income is reported on MGM Resorts income statement and is an important metric when analyzing MGM Resorts International profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability. It is MGM Resorts' Income Before Tax historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in MGM Resorts' overall financial position and show how it may be relating to other accounts over time.
Income Before Tax10 Years Trend
Pretty Stable
   Income Before Tax   
       Timeline  

MGM Income Before Tax Regression Statistics

Arithmetic Mean675,360,810
Coefficient Of Variation202.82
Mean Deviation1,050,693,823
Median903,799,000
Standard Deviation1,369,782,938
Sample Variance1876305.3T
Range4.6B
R-Value0.26
Mean Square Error1879007.3T
R-Squared0.07
Significance0.34
Slope81,090,307
Total Sum of Squares26268274.1T

MGM Income Before Tax History

20241.5 B
20231.5 B
2022903.8 M
20211.5 B
2020-1.5 B
20192.8 B
2018634 M

About MGM Resorts Financial Statements

MGM Resorts investors utilize fundamental indicators, such as Income Before Tax, to predict how MGM Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Income Before Tax1.5 B1.5 B

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect
When determining whether MGM Resorts International is a strong investment it is important to analyze MGM Resorts' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MGM Resorts' future performance. For an informed investment choice regarding MGM Stock, refer to the following important reports:
Check out the analysis of MGM Resorts Correlation against competitors.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MGM Resorts. If investors know MGM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MGM Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.326
Earnings Share
2.79
Revenue Per Share
54.26
Quarterly Revenue Growth
0.053
Return On Assets
0.0254
The market value of MGM Resorts International is measured differently than its book value, which is the value of MGM that is recorded on the company's balance sheet. Investors also form their own opinion of MGM Resorts' value that differs from its market value or its book value, called intrinsic value, which is MGM Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MGM Resorts' market value can be influenced by many factors that don't directly affect MGM Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MGM Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if MGM Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MGM Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.