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Marriott International vs MGM Resorts International: revenue, profit, margins and growth compared

Marriott International brought in $26.2B of revenue in fiscal 2025, MGM Resorts International $17.5B in fiscal 2025. Revenue changed by +4.3% at Marriott International and +1.7% at MGM Resorts International on the year before, so Marriott International grew faster. Marriott International kept 9.9% of its revenue as net profit, MGM Resorts International 1.2%. Free cash flow was $2.6B at Marriott International and $1.5B at MGM Resorts International.

Side by side, latest fiscal year

MARMGM
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$26.2B$17.5B
Revenue growth+4.3%+1.7%
Net income$2.6B$205.9M
Net margin9.9%1.2%
Free cash flow$2.6B$1.5B
Free cash flow margin10.0%8.3%
Earnings per share (diluted)$9.51$0.76
Cash$358M$2.1B
Debt$23M$6.2B
Price to earnings37.042.9
Market value$91.8B$8.4B
Dividend yield0.75%n/a
Rank by revenue in sector#43 of 778 · Consumer discretionary#70 of 778 · Consumer discretionary

Over the years

Revenue
MAR FY2018: $20.8BMAR FY2019: $21BMAR FY2020: $10.6BMAR FY2021: $13.9BMAR FY2022: $20.8BMAR FY2023: $23.7BMAR FY2024: $25.1BMAR FY2025: $26.2BMGM FY2018: $11.8BMGM FY2019: $12.9BMGM FY2020: $5.2BMGM FY2021: $9.7BMGM FY2022: $13.1BMGM FY2023: $16.2BMGM FY2024: $17.2BMGM FY2025: $17.5BFY18FY19FY20FY21FY22FY23FY24FY25
MAR $26.2BMGM $17.5B
Net income
MAR FY2018: $1.9BMAR FY2019: $1.3BMAR FY2020: -$267MMAR FY2021: $1.1BMAR FY2022: $2.4BMAR FY2023: $3.1BMAR FY2024: $2.4BMAR FY2025: $2.6BMGM FY2018: $466.8MMGM FY2019: $2BMGM FY2020: -$1BMGM FY2021: $1.3BMGM FY2022: $1.5BMGM FY2023: $1.1BMGM FY2024: $746.6MMGM FY2025: $205.9MFY18FY19FY20FY21FY22FY23FY24FY25
MAR $2.6BMGM $205.9M
Net margin
MAR FY2018: 9.2%MAR FY2019: 6.1%MAR FY2020: -2.5%MAR FY2021: 7.9%MAR FY2022: 11.4%MAR FY2023: 13.0%MAR FY2024: 9.5%MAR FY2025: 9.9%MGM FY2018: 4.0%MGM FY2019: 15.9%MGM FY2020: -20.0%MGM FY2021: 13.0%MGM FY2022: 11.2%MGM FY2023: 7.1%MGM FY2024: 4.3%MGM FY2025: 1.2%FY18FY19FY20FY21FY22FY23FY24FY25
MAR 9.9%MGM 1.2%
Revenue growth
MAR FY2019: +1.0%MAR FY2020: -49.6%MAR FY2021: +31.1%MAR FY2022: +49.9%MAR FY2023: +14.2%MAR FY2024: +5.8%MAR FY2025: +4.3%MGM FY2019: +9.7%MGM FY2020: -60.0%MGM FY2021: +87.5%MGM FY2022: +35.6%MGM FY2023: +23.1%MGM FY2024: +6.7%MGM FY2025: +1.7%FY19FY20FY21FY22FY23FY24FY25
MAR +4.3%MGM +1.7%
Free cash flow
MAR FY2018: $1.8BMAR FY2019: $1BMAR FY2020: $1.5BMAR FY2021: $994MMAR FY2022: $2BMAR FY2023: $2.7BMAR FY2024: $2BMAR FY2025: $2.6BMGM FY2018: $235.7MMGM FY2019: $1.1BMGM FY2020: -$1.8BMGM FY2021: $882.7MMGM FY2022: $991.4MMGM FY2023: $1.8BMGM FY2024: $1.2BMGM FY2025: $1.5BFY18FY19FY20FY21FY22FY23FY24FY25
MAR $2.6BMGM $1.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Marriott International and MGM Resorts International

Which is bigger by revenue, Marriott International or MGM Resorts International?

Marriott International is bigger by revenue: $26.2B in fiscal 2025, against $17.5B for MGM Resorts International in fiscal 2025.

Which keeps more of its revenue as profit, Marriott International or MGM Resorts International?

Marriott International had a net margin of 9.9% in fiscal 2025; MGM Resorts International had 1.2% in fiscal 2025.

Which grew revenue faster, Marriott International or MGM Resorts International?

In their latest fiscal years revenue changed by +4.3% at Marriott International and +1.7% at MGM Resorts International.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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