Melco Resorts & Entertainment Limited(MLCO)Earnings, Financials & Key Ratios
MLCO•NASDAQ
$5.26
11.7× P/E·Price updated Jul 7, 2026
AboutMelco Resorts & Entertainment Limited develops, owns, and operates casino gaming and resort facilities in Asia and Europe. It owns and operates City of Dreams, an integrated casino resort that has approximately 511 gaming tables and 572 gaming machines; approximately 770 rooms, and suites and villas; approximately 25 restaurants and bars, and 165 retail outlets; and health and fitness clubs, three swimming pools, spa and salons, and banquet and meeting facilities. The company also operates Altira Macau, a casino hotel, which has approximately 101 gaming tables and 121 gaming machines; 230 hotel rooms; various dining and casual restaurants, and recreation and leisure facilities; and various non-gaming amenities comprising a spa, gymnasium, outdoor garden podium, and sky terrace lounge. In addition, it operates Studio City, a cinematically themed integrated resort with gaming facilities, hotel, entertainment, retail, and food and beverage outlets that comprises 290 gaming tables and 645 gaming machines in Cotai, Macau. Further, the company owns and operates seven Mocha Clubs with 813 gaming machines, as well as Grand Dragon casino in Taipa Island, Macau. Additionally, it operates and manages City of Dreams Manila, an integrated resort in the Entertainment City complex in Manila; a casino in Limassol and three satellite casinos in Nicosia, Ayia Napa, and Paphos in Cyprus. The company was formerly known as Melco Crown Entertainment Limited and changed its name to Melco Resorts & Entertainment Limited in April 2017. The company was incorporated in 2004 and is headquartered in Central, Hong Kong. Melco Resorts & Entertainment Limited is a subsidiary of Melco Leisure and Entertainment Group Limited.Show more
- Revenue$5.16B+11.3%
- EBITDA$1.14B+11.3%
- Net Income$185M+325.0%
- EPS (Diluted)0.45+350.0%
- Gross Margin36.73%+2.4%
- EBITDA Margin22.12%
- Operating Margin11.63%+11.3%
- Net Margin3.58%+281.8%
MLCO Price & Volume
Melco Resorts & Entertainment Limited (MLCO) stock price & volume — 10-year historical chart
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Persistent Debt Burden Clouds Operational Recovery Prospects
Investment Thesis • Updated 2025Q4
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:High debt insolvency risk
Key Thesis Takeaways
- Melco Resorts faces a challenging outlook as its post-pandemic revenue growth has normalized to 8.6% in 2025Q4, struggling against a rigid 40% gaming tax structure in Macau.
- The company's financial flexibility remains severely constrained by a $7.0 billion debt load and ten consecutive quarters of negative equity, which reached -$1.2 billion by 2025Q4.
- Investors should remain cautious as the firm's inconsistent net margins and high interest expenses continue to threaten long-term solvency and capital reinvestment capabilities.
Verdict Logic
the company's inability to sustain positive equity, which stood at -$1.2 billion in 2025Q4, combined with a high debt-to-EBITDA ratio of 24.93, presents an elevated risk of insolvency.
MLCO Growth Metrics
Melco Resorts & Entertainment Limited (MLCO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.65%
5 Years24.47%
3 Years56.39%
TTM11.32%
Profit CAGR
10 Years5.76%
5 Years-
3 Years-
TTM324.97%
EPS CAGR
10 Years8.45%
5 Years-
3 Years-
TTM369.53%
Return on Capital
10 Years1.98%
5 Years0.04%
3 Years5.62%
Last Year9.09%
MLCO Recent Earnings
Melco Resorts & Entertainment Limited (MLCO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
Apr 30, 2026Metric
Actual
Est
EPS
$0.21+61.5%
$0.13
Rev
$1.4B+3.6%
$1.3B
Q1 2026
Feb 12, 2026Metric
Actual
Est
EPS
$0.14+16.7%
$0.12
Rev
$1.3B+1.6%
$1.3B
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.21+90.9%
$0.11
Rev
$1.3B+3.0%
$1.3B
Q3 2025
Jul 31, 2025Metric
Actual
Est
EPS
$0.23+155.6%
$0.09
Rev
$1.3B+6.2%
$1.3B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 30, 2026 | $0.21vs $0.13+61.5% | $1.4Bvs $1.3B+3.6% |
| Q1 2026 | Feb 12, 2026 | $0.14vs $0.12+16.7% | $1.3Bvs $1.3B+1.6% |
| Q4 2025 | Nov 6, 2025 | $0.21vs $0.11+90.9% | $1.3Bvs $1.3B+3.0% |
| Q3 2025 | Jul 31, 2025 | $0.23vs $0.09+155.6% | $1.3Bvs $1.3B+6.2% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Melco Resorts & Entertainment Limited (MLCO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.26 | $2.04B | 11.69 | 11.32% | 3.58% | — | 0% | |
| $46.06 | $30.57B | 19.60 | 15.22% | 13.41% | 95.8% | — | |
| $96.35 | $10B | 30.68 | 0.14% | 5.14% | — | — | |
| $46.64 | $11.93B | 61.37 | 1.72% | 1.03% | 5.3% | — | |
| $30.35 | $6.18B | -12.54 | 2.14% | -4.19% | -12.62% | — | |
| $88.67 | $6.59B | 3.93 | 4.12% | 44.84% | 79.86% | — |
Compare MLCO vs Peers
Melco Resorts & Entertainment Limited (MLCO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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MLCO Frequently Asked Questions
Melco Resorts & Entertainment Limited (MLCO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Melco Resorts & Entertainment Limited's revenue?
Melco Resorts & Entertainment Limited (MLCO) reported $5.16B in revenue for fiscal year 2025. This represents a 84949% increase from $6.1M in 2004.
How fast is Melco Resorts & Entertainment Limited growing?
Melco Resorts & Entertainment Limited (MLCO) grew revenue by 11.3% over the past year. This is steady growth.
Is MLCO profitable?
Yes, Melco Resorts & Entertainment Limited (MLCO) is profitable, generating $185.0M in net income for fiscal year 2025 (3.6% net margin).
Dividend & Returns
Does MLCO pay dividends?
Melco Resorts & Entertainment Limited (MLCO) does not currently pay a meaningful dividend. The company may be reinvesting profits for growth.
What is Melco Resorts & Entertainment Limited's free cash flow?
Melco Resorts & Entertainment Limited (MLCO) generated $476.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.