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Stocks · Consumer discretionary · Hotels & Motels

Melco Resorts & Entertainment LTD

MLCO Clue Score63
Hong Kong Fiscal year ends December CIK 0001381640
$4.23 +1.44% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $4.23 −61.89% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue4,519.4Operating income363.1Net income175.9EPS, diluted0.12Fiscal year 2017Revenue5,284.8 +16.9%Operating income604.5Net income344.8 +96.0%EPS, diluted0.23 +100.0%Fiscal year 2018Revenue5,188.9 −1.8%Operating income613.4Net income340.3 −1.3%EPS, diluted0.22 −2.6%Fiscal year 2019Revenue5,736.8 +10.6%Operating income747.7Net income373.2 +9.7%EPS, diluted0.26 +15.2%Fiscal year 2020Revenue1,727.9 −69.9%Operating income−940.6Net income−1,263.5 −438.6%EPS, diluted−0.88 −442.6%Fiscal year 2021Revenue2,012.4 +16.5%Operating income−577.5Net income−811.8EPS, diluted−0.57Fiscal year 2022Revenue1,350.0 −32.9%Operating income−743.1Net income−930.5EPS, diluted−0.67Fiscal year 2023Revenue3,775.2 +179.7%Operating income65.0Net income−326.9EPS, diluted−0.25Fiscal year 2024Revenue4,638.2 +22.9%Operating income484.6Net income43.5EPS, diluted0.03Fiscal year 2025Revenue5,163.3 +11.3%Operating income600.4Net income185.0 +325.0%EPS, diluted0.15 +352.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 4,519.4 5,284.8 5,188.9 5,736.8 1,727.9 2,012.4 1,350.0 3,775.2 4,638.2 5,163.3
Growth +16.9% −1.8% +10.6% −69.9% +16.5% −32.9% +179.7% +22.9% +11.3%
Operating income 363.1 604.5 613.4 747.7 −940.6 −577.5 −743.1 65.0 484.6 600.4
Net income 175.9 344.8 340.3 373.2 −1,263.5 −811.8 −930.5 −326.9 43.5 185.0
Growth +96.0% −1.3% +9.7% −438.6% +325.0%
EPS, diluted 0.12 0.23 0.22 0.26 −0.88 −0.57 −0.67 −0.25 0.03 0.15
Growth +100.0% −2.6% +15.2% −442.6% +352.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin8.0%Net margin3.9%Fiscal year 2017Operating margin11.4%Net margin6.5%Fiscal year 2018Operating margin11.8%Net margin6.6%Fiscal year 2019Operating margin13.0%Net margin6.5%Free cash flow margin14.4%Fiscal year 2020Operating margin−54.4%Net margin−73.1%Fiscal year 2021Operating margin−28.7%Net margin−40.3%Fiscal year 2022Operating margin−55.0%Net margin−68.9%Fiscal year 2023Operating margin1.7%Net margin−8.7%Fiscal year 2024Operating margin10.4%Net margin0.9%Fiscal year 2025Operating margin11.6%Net margin3.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 8.0% 11.4% 11.8% 13.0% −54.4% −28.7% −55.0% 1.7% 10.4% 11.6%
Net margin 3.9% 6.5% 6.6% 6.5% −73.1% −40.3% −68.9% −8.7% 0.9% 3.6%
Free cash flow margin n/a n/a n/a 14.4% n/a n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow1,158.1Buybacks−803.2Dividends paid−385.6Fiscal year 2017Operating cash flow1,161.1Buybacks0.0Dividends paid−821.3Fiscal year 2018Operating cash flow1,053.4Dividends paid−271.5Fiscal year 2019Operating cash flow836.2Capital expenditure−8.6Free cash flow827.5Dividends paid−301.0Fiscal year 2020Operating cash flow−861.0Dividends paid−79.1Fiscal year 2021Operating cash flow−268.8Dividends paid0.0Fiscal year 2022Operating cash flow−619.4Dividends paid−0.2Fiscal year 2023Operating cash flow622.7Dividends paid−0.3Fiscal year 2024Operating cash flow626.7Dividends paid−0.3Fiscal year 2025Operating cash flow818.1Dividends paid−0.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 1,158.1 1,161.1 1,053.4 836.2 −861.0 −268.8 −619.4 622.7 626.7 818.1
Capital expenditure n/a n/a n/a −8.6 n/a n/a n/a n/a n/a n/a
Free cash flow n/a n/a n/a 827.5 n/a n/a n/a n/a n/a n/a
Growth
Buybacks −803.2 0.0 n/a n/a n/a n/a n/a n/a n/a n/a
Dividends paid −385.6 −821.3 −271.5 −301.0 −79.1 0.0 −0.2 −0.3 −0.3 −0.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash1,702.3Total debt3,720.3Net cash (debt)−2,018.0Shareholders’ equity3,343.9Debt to equity1.11Fiscal year 2017Cash1,408.2Total debt3,557.6Net cash (debt)−2,149.4Shareholders’ equity2,887.6Debt to equity1.23Fiscal year 2018Cash1,472.4Total debt4,060.9Net cash (debt)−2,588.5Shareholders’ equity2,297.3Debt to equity1.77Fiscal year 2019Cash1,395.0Total debt4,394.1Net cash (debt)−2,999.1Shareholders’ equity2,439.0Debt to equity1.80Fiscal year 2020Cash1,755.4Total debt5,645.4Net cash (debt)−3,890.0Shareholders’ equity1,102.1Debt to equity5.12Fiscal year 2021Cash1,652.9Total debt6,560.0Net cash (debt)−4,907.1Shareholders’ equity244.7Debt to equity26.80Fiscal year 2022Cash1,812.7Total debt8,412.5Net cash (debt)−6,599.8Shareholders’ equity−850.3Fiscal year 2023Cash1,310.7Total debt7,472.6Net cash (debt)−6,161.9Shareholders’ equity−1,287.3Fiscal year 2024Cash1,147.2Total debt7,157.4Net cash (debt)−6,010.2Shareholders’ equity−1,326.5Fiscal year 2025Cash1,023.2Total debt6,747.9Net cash (debt)−5,724.7Shareholders’ equity−1,246.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 1,702.3 1,408.2 1,472.4 1,395.0 1,755.4 1,652.9 1,812.7 1,310.7 1,147.2 1,023.2
Total debt 3,720.3 3,557.6 4,060.9 4,394.1 5,645.4 6,560.0 8,412.5 7,472.6 7,157.4 6,747.9
Net cash (debt) −2,018.0 −2,149.4 −2,588.5 −2,999.1 −3,890.0 −4,907.1 −6,599.8 −6,161.9 −6,010.2 −5,724.7
Shareholders’ equity 3,343.9 2,887.6 2,297.3 2,439.0 1,102.1 244.7 −850.3 −1,287.3 −1,326.5 −1,246.6
Debt to equity 1.11 1.23 1.77 1.80 5.12 26.80 n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
4,519.4 5,284.8 5,188.9 5,736.8 1,727.9 2,012.4 1,350.0 3,775.2 4,638.2 5,163.3
Growth +16.9% −1.8% +10.6% −69.9% +16.5% −32.9% +179.7% +22.9% +11.3%
446.6 467.1 505.9 559.5 424.4 426.4 423.2 488.1 568.7 657.4
363.1 604.5 613.4 747.7 −940.6 −577.5 −743.1 65.0 484.6 600.4
Growth +66.5% +1.5% +21.9% −225.8% +646.1% +23.9%
75.1 312.2 339.1 402.6 −1,457.5 −953.6 −1,091.9 −401.9 −6.3 148.3
8.2 −0.0 0.2 8.3 −2.9 2.9 5.2 13.4 21.6 2.8
175.9 344.8 340.3 373.2 −1,263.5 −811.8 −930.5 −326.9 43.5 185.0
Growth +96.0% −1.3% +9.7% −438.6% +325.0%
Per share
0.12 0.23 0.23 0.26 −0.88 −0.57 −0.67 −0.25 0.03 0.16
0.12 0.23 0.22 0.26 −0.88 −0.57 −0.67 −0.25 0.03 0.15
Growth +100.0% −2.6% +15.2% −442.6% +352.9%
1,517 1,484 1,507 1,437 1,432 1,434 1,391 1,315 1,296 1,194
1,525 1,496 1,516 1,443 1,432 1,434 1,391 1,315 1,299 1,202
Growth −1.9% +1.4% −4.8% −0.8% +0.1% −3.0% −5.5% −1.2% −7.5%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 24.5% a year over five years.
  • The diluted share count fell 16.1% in five years, so buybacks did some of the work per share.
  • Operating margin is up 66.1 points on five years ago, at 11.6%.
  • A net loss in 4 of 10 years on file.