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Melco Resorts & Entertainment Limited logo

Melco Resorts & Entertainment Limited

MLCO

NASDAQConsumer CyclicalGambling, Resorts & Casinos

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Previous close

$5.49

+$0.14 · +2.62%

Aug 21, 4:00 PM ET

MLCO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

76

Undervalued

Momentum

40

Weakening

Sentiment

54

Mixed

Risk resilience

50

Elevated Risk

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Company profile

Company website

Melco Resorts & Entertainment Limited is a company focused on the development, ownership, and operation of casino gaming and luxury resort complexes throughout Asia and Europe. In Macau, its portfolio includes several major properties: City of Dreams: An expansive integrated casino resort, it features approximately 511 gaming tables, 572 gaming machines, and around 770 accommodations (including rooms, suites, and villas). This complex also offers roughly 25 dining and beverage venues, 165 retail outlets, wellness and fitness centers, three swimming pools, spas and salons, and comprehensive banquet and meeting spaces. Altira Macau: This casino hotel boasts about 101 gaming tables, 121 gaming machines, and 230 hotel rooms. Guests can enjoy various casual and fine dining establishments, along with recreational and leisure facilities such as a spa, gymnasium, an outdoor garden podium, and a sky terrace lounge. Studio City: Situated in Cotai, Macau, this cinematically themed integrated resort combines gaming facilities (290 tables, 645 machines) with a hotel, entertainment options, retail shopping, and food and beverage services. The company also manages seven Mocha Clubs, housing 813 gaming machines collectively, and the Grand Dragon casino on Taipa Island, Macau. Beyond Macau, Melco operates City of Dreams Manila, an integrated resort located within the Entertainment City complex in the Philippines' capital. Its European operations encompass a casino in Limassol, Cyprus, alongside three satellite casinos situated in Nicosia, Ayia Napa, and Paphos. Established in 2004 and based in Central, Hong Kong, the company was formerly known as Melco Crown Entertainment Limited before adopting its current name in April 2017. Melco Resorts & Entertainment Limited functions as a subsidiary of Melco Leisure and Entertainment Group Limited.

Industry
Gambling, Resorts & Casinos
Sector
Consumer Cyclical
Headquarters
HK
CEO
Yau Lung
Listed since
Dec 19, 2006
Employees
22,961

Market position

Day range

Current $5.49

52-week range

Current $5.49

Open
$5.44
Previous close
$5.35
Volume
1.09M
0.48× average
Average volume
2.25M
Average daily volume
Market cap
2.13B USD
Beta
0.59
Market reference 1
50-day average
$5.4532
+0.67% above average
200-day average
$6.2894
-12.71% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
9.03B USD
P/E (TTM)
9.17×
P/B (TTM)
-1.3×
P/S (TTM)
0.41×
EV / EBITDA
7.77×
Earnings yield
6.10%
Free cash flow yield
15.70%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
31.79%
Operating margin
12.30%
Net margin
4.50%
Return on equity
-14.84%
Return on assets
2.44%
Return on invested capital
9.11%

Financial health

Debt / equity
-4.47×
Current ratio
1.07×
Altman Z-score
0.44
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends47%5%-37%-79%Gross margin, FY2021: 24.35%Gross margin, FY2022: 21.22%Gross margin, FY2023: 31.37%Gross margin, FY2024: 35.86%Gross margin, FY2025: 36.73%Operating margin, FY2021: -28.70%Operating margin, FY2022: -55.05%Operating margin, FY2023: 1.72%Operating margin, FY2024: 10.45%Operating margin, FY2025: 11.63%Net margin, FY2021: -40.34%Net margin, FY2022: -68.93%Net margin, FY2023: -8.66%Net margin, FY2024: 0.94%Net margin, FY2025: 3.58%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 24.35%. Gross margin FY2022 21.22%. Gross margin FY2023 31.37%. Gross margin FY2024 35.86%. Gross margin FY2025 36.73%. Operating margin FY2021 -28.70%. Operating margin FY2022 -55.05%. Operating margin FY2023 1.72%. Operating margin FY2024 10.45%. Operating margin FY2025 11.63%. Net margin FY2021 -40.34%. Net margin FY2022 -68.93%. Net margin FY2023 -8.66%. Net margin FY2024 0.94%. Net margin FY2025 3.58%.

Income trends

Revenue

5.16B USD+11.32%

Operating income

600.43M USD+23.89%

Net income

185.05M USD+324.97%
Income trends across reported periods5.77B USD3.34B USD897.62M USD−1.54B USDRevenue, FY2021: 2.01B USDRevenue, FY2022: 1.35B USDRevenue, FY2023: 3.78B USDRevenue, FY2024: 4.64B USDRevenue, FY2025: 5.16B USDOperating income, FY2021: −577.45M USDOperating income, FY2022: −743.11M USDOperating income, FY2023: 64.96M USDOperating income, FY2024: 484.63M USDOperating income, FY2025: 600.43M USDNet income, FY2021: −811.75M USDNet income, FY2022: −930.53M USDNet income, FY2023: −326.92M USDNet income, FY2024: 43.54M USDNet income, FY2025: 185.05M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.01B USD. Revenue FY2022 1.35B USD. Revenue FY2023 3.78B USD. Revenue FY2024 4.64B USD. Revenue FY2025 5.16B USD. Operating income FY2021 −577.45M USD. Operating income FY2022 −743.11M USD. Operating income FY2023 64.96M USD. Operating income FY2024 484.63M USD. Operating income FY2025 600.43M USD. Net income FY2021 −811.75M USD. Net income FY2022 −930.53M USD. Net income FY2023 −326.92M USD. Net income FY2024 43.54M USD. Net income FY2025 185.05M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue5.16B USD4.64B USD3.78B USD1.35B USD2.01B USD
Cost of goods sold3.27B USD2.98B USD2.59B USD1.06B USD1.52B USD
Gross profit1.9B USD1.66B USD1.18B USD286.52M USD490.01M USD
Research and development—5.43M USD1.2M USD—30.68M USD
Selling, general, and administrative752.72M USD568.7M USD488.13M USD423.23M USD426.41M USD
Operating expenses1.3B USD1.18B USD1.12B USD1.03B USD1.07B USD
Interest income8.5M USD15.77M USD23.31M USD26.46M USD6.62M USD
Interest expense472.85M USD486.72M USD496.76M USD383.12M USD361.58M USD
Depreciation and amortization541.54M USD541.54M USD543.4M USD521.94M USD579.85M USD
Operating income600.43M USD484.63M USD64.96M USD−743.11M USD−577.45M USD
Net income185.05M USD43.54M USD−326.92M USD−930.53M USD−811.75M USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
0.45
FY2025 · +350.00% year over year
Latest fiscal-year revenue
5.16B USD
FY2025 · +11.32% year over year
Next fiscal-year EPS consensus
0.444
FY2026 · 5 analysts
Next fiscal-year revenue consensus
5.28B USD
FY2026 · 8 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend1.27-0.05-1.38-2.7FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend6.72B4.77B2.81B861.95MFY21FY22FY23FY24FY25FY26FY27FY28

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$6.88

25.32% upside
Past 12 months12-month forecastHigh $8.50Average $6.88Low $6.00

Rating distribution

18 ratings
Strong buy00%
Buy1583%
Hold317%
Sell00%
Strong sell00%

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ETFs holding MLCO

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
7.27M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
2.94M
Weight
0.02%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
iShares Core MSCI Total International Stock ETF logoiShares Core MSCI Total International Stock ETFIXUS
Market value
1.68M
Weight
0.00%
AUM
60.91B USD
Expense ratio
0.07%
Price / 1D
$97.945+0.76%
State Street SPDR Portfolio Developed World ex-US ETF logoState Street SPDR Portfolio Developed World ex-US ETFSPDW
Market value
1.35M
Weight
0.00%
AUM
41.92B USD
Expense ratio
0.03%
Price / 1D
$52.02+0.79%
iShares Core MSCI International Developed Markets ETF logoiShares Core MSCI International Developed Markets ETFIDEV
Market value
1.23M
Weight
0.00%
AUM
32.6B USD
Expense ratio
0.04%
Price / 1D
$93.31+0.82%
Schwab Fundamental International Small Company Index ETF logoSchwab Fundamental International Small Company Index ETFFNDC
Market value
1.1M
Weight
0.03%
AUM
3.16B USD
Expense ratio
0.39%
Price / 1D
$50.98+0.33%
Fidelity Nasdaq Composite Index ETF logoFidelity Nasdaq Composite Index ETFONEQ
Market value
387.1K
Weight
—
AUM
10.35B USD
Expense ratio
0.21%
Price / 1D
$103.14+0.41%
Avantis International Equity ETF logoAvantis International Equity ETFAVDE
Market value
262.03K
Weight
—
AUM
19.1B USD
Expense ratio
0.23%
Price / 1D
$94.26+0.87%

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