MGM Resorts InternationalMGM
NYSE•Consumer Cyclical•Resorts & Casinos
Understand cash generation quality and how management allocates capital.
Free cash flow was $413.13M in the latest quarter (29.5% increase YoY). FCF margin is 2.3%. Shares outstanding declined by 10.7% year-over-year, indicating buybacks (returning capital to shareholders). Free cash flow is the lifeblood of a business — it funds dividends, buybacks, debt reduction, and reinvestment without relying on external capital.
Free cash flow, earnings quality, and capital allocation