MLCO - Melco Resorts & Entertainment LTD

📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Apr 16, 2014 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Revenue Growth YoY (%)	11.3% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+62%)	22.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+227%)	179.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2466%)	-32.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-570%)	16.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+135%)	-69.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1098%)	10.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+51%)	-1.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-126%)	16.9% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+142%)	13.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+96%)	-17.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-346%)	-5.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-180%)	24.7% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+254%)	6.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-8%)	45.0% Excellent → Excellent Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+543%)	98.2% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1303%)	-5.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-184%)	—	—
EPS Growth YoY (%)	355.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	62.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-18.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	35.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	15.0% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-4.2% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	103.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	78.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-82.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-4.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	52.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	38.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	N/M	96.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-10400.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	325.0% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	64.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-14.6% Weak ↓ Weak Declining Year-over-year change in net income	35.8% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	9.7% Fair ↓ Fair Declining Year-over-year change in net income	-1.9% Weak ↓ Weak Declining Year-over-year change in net income	97.3% Excellent ↑ Excellent Improving Year-over-year change in net income	66.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-82.6% Weak ↓ Weak Declining Year-over-year change in net income	-4.6% Weak ↓ Weak Declining Year-over-year change in net income	52.8% Excellent ↓ Excellent Declining Year-over-year change in net income	41.6% Excellent ↑ Excellent Improving Year-over-year change in net income	N/M	96.6% Excellent Excellent Year-over-year change in net income	-12423.8% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	41.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	2.1% Caution ↑ Caution Improving Year-over-year change in free cash flow	N/M	-137.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	68.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	N/M	-17.6% Weak Weak Year-over-year change in free cash flow	-11.7% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	8.7% Fair ↓ Fair Declining Year-over-year change in free cash flow	218.2% Excellent Excellent Year-over-year change in free cash flow	N/M	11.2% Fair Fair Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	56.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	32.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	29.8% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	-38.3% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-27.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-31.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	8.3% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	9.3% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	3.2% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-3.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-0.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	7.8% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	24.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	45.2% Excellent Excellent Compound annual revenue growth over 3 years	39.3% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	24.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-4.2% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-6.2% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-23.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-14.9% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-15.3% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	3.6% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	0.4% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	5.3% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	3.4% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	8.5% Good ↓ Good Declining Compound annual revenue growth over 5 years	29.2% Excellent Excellent Compound annual revenue growth over 5 years	29.1% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	—	—	30.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	51.5% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-13.8% Weak → Weak Stable Compound annual EPS growth over 3 years	-33.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-36.5% Weak Weak Compound annual EPS growth over 3 years	26.1% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Apr 16, 2014 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Operating Margin (%) (%)	11.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	10.4% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	1.7% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	-55.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-559%)	-28.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-339%)	-54.4% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-554%)	13.0% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	11.8% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.5% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	8.0% Caution ↓ Caution Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	2.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-79%)	14.3% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	16.5% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+38%)	12.4% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	11.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	3.5% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	-20.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-270%)	0.1% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-99%)	—
Effective Tax Rate (%) (%)	1.9% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-340.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-3.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.5% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.2% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	10.9% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-1.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—
Profit Margin (%) (%)	3.6% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-55%)	0.9% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-88%)	-8.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-208%)	-68.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-962%)	-40.3% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-604%)	-73.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1014%)	6.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	6.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	6.6% Caution → Caution Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	3.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	2.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	12.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+58%)	12.5% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+57%)	10.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	7.7% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	-0.4% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-105%)	-23.1% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-389%)	-0.2% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-102%)	—
FCF Margin (%) (%)	15.8% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	13.5% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	16.5% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	-45.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-13.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-49.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	14.4% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	20.3% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	22.0% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	17.9% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	17.1% Good ↑ Good Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-78.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	-75.2% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	4.42x Excellent → Excellent Stable Free cash flow relative to reported net income Optimal: > 1x	14.39x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-1.90x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.67x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.33x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.68x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.22x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	3.10x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	3.35x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	1.75x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.22x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	-19.44x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	3.40x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	432.46x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Apr 16, 2014 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Return on Invested Capital (%)	10.7% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	36.6% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	1.1% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-9.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-8.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-13.9% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	10.7% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	9.6% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	9.4% Fair ↑ Fair Improving Return earned on debt + equity capital invested Optimal: > 10%	4.6% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	1.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	8.3% Fair → Fair Stable Return earned on debt + equity capital invested Optimal: > 10%	12.3% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	6.1% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	1.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	-5.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	7.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.1% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-8.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-6.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-10.4% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	7.9% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.7% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	6.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	3.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.6% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	9.5% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	6.4% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↑ Fair Improving Operating profit relative to total assets Optimal: > 10%	1.9% Weak Weak Operating profit relative to total assets Optimal: > 10%	-5.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-14.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-174%)	-3.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-116%)	25.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+27%)	109.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+447%)	—	-114.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-673%)	15.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	14.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-26%)	12.0% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-40%)	5.3% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-74%)	2.4% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-88%)	14.2% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	15.0% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	12.3% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-38%)	10.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-50%)	-0.4% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-102%)	-12.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-161%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Apr 16, 2014 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Debt to Equity (x)	-5.41x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-777%)	-5.40x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-774%)	-5.80x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-826%)	-9.89x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-1337%)	26.80x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+3250%)	5.12x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+540%)	1.80x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+125%)	1.77x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+121%)	1.23x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+54%)	1.11x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+39%)	0.91x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+14%)	0.91x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+14%)	0.60x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-25%)	0.94x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+18%)	0.79x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.60x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-25%)	0.65x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-18%)	—	—
Interest Coverage (x)	1.29x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	1.00x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	0.13x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-1.97x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-1.65x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2.76x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	2.41x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.32x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	2.38x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	1.62x Caution ↓ Caution Declining Operating income divided by interest expense Optimal: > 5x	0.83x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	5.52x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	5.50x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.63x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	3.91x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.99x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-8.55x Weak Weak Operating income divided by interest expense Optimal: > 5x	6.49x Good Good Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$5.72B	$6.01B	$6.16B	$6.60B	$4.91B	$3.89B	$3.00B	$2.59B	$2.15B	$2.02B	$2.35B	$2.31B	$1.15B	$1.49B	$1.17B	$1.08B	$1.43B	$-815.14M	$-835.42M
Debt / EBITDA (x)	6.21x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.36x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	13.65x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-29.12x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-72.63x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-6.00x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.88x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.62x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.85x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	10.25x Weak ↓ Weak Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	40.27x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.69x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.02x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.30x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.23x Weak → Weak Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	16.44x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-6.02x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Apr 16, 2014 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Revenue per Share (USD)	$4.32	$3.58	$2.87	$0.97	$1.40	$1.21	$3.99	$3.44	$3.60	$2.98	$2.46	$2.91	$3.08	$2.48	$2.39	$1.66	$0.91	$1.07	—
Basic EPS, GAAP (USD)	$0.15	$0.03	$-0.25	$-0.67	$-0.57	$-0.88	$0.26	$0.23	$0.24	$0.12	$0.07	$0.37	$0.39	$0.25	$0.18	$-0.01	$-0.21	$-0.00	—
Free Cash Flow per Share (USD)	$0.69	$0.48	$0.47	$-0.45	$-0.19	$-0.60	$0.58	$0.70	$0.79	—	—	—	—	$0.44	$0.41	$0.13	$-0.72	$-0.81	—
Dividend per Share (USD)	—	—	—	—	—	$0.06	$0.21	$0.19	$0.56	$0.24	$0.04	$0.21	$0.11	—	—	—	—	—	—
Book Value per Share (USD)	$-1.06	$-1.05	$-0.98	$-0.64	$0.17	$0.77	$1.70	$1.60	$1.97	$2.28	$2.68	$2.65	$2.57	$2.06	$1.84	$1.58	$1.71	—	—
Tangible Book Value per Share (USD)	$-1.31	$-1.35	$-1.28	$-0.73	$0.08	$0.67	$1.61	$1.54	$1.91	$2.23	$2.63	$2.60	$2.52	$2.01	$1.79	$1.53	$1.66	—	—
Basic Weighted Avg Shares (shares)	1.19B	1.30B	1.31B	1.39B	1.43B	1.43B	1.44B	1.51B	1.47B	1.52B	1.62B	1.65B	1.65B	1.65B	1.60B	1.60B	1.47B	1.32B	—
Dividend Payout Ratio (%)	—	—	—	—	—	-6.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	82.1% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	82.6% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	237.5% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	207.6% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	59.8% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	56.3% Fair Fair Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Apr 16, 2014 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Working Capital (USD)	$84.89M	$238.30M	$440.67M	$876.05M	$846.86M	$892.57M	$369.21M	$-69.12M	$160.78M	$800.41M	$1.81B	$2.19B	$1.91B	$1.03B	$902.40M	$224.87M	$215.55M	—	—
LT Debt (USD)	$6.75B	$7.16B	$7.47B	$8.41B	$6.56B	$5.65B	$4.39B	$4.06B	$3.56B	$3.72B	$3.96B	$3.90B	$2.53B	$3.19B	$2.33B	$1.52B	$1.64B	—	—
Total Equity (USD)	$-1.25B	$-1.33B	$-1.29B	$-850.33M	$244.75M	$1.10B	$2.44B	$2.30B	$2.89B	$3.34B	$4.34B	$4.29B	$4.25B	$3.39B	$2.96B	$2.52B	$2.51B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗	FY 2016 Dec 31, 2016 20-F ↗	FY 2015 Dec 31, 2015 20-F ↗	FY 2014 Dec 31, 2014 20-F ↗	FY 2013 Apr 16, 2014 20-F ↗	FY 2012 Dec 31, 2012 20-F ↗	FY 2011 Dec 31, 2011 20-F ↗	FY 2010 Dec 31, 2010 20-F ↗	FY 2009 Dec 31, 2009 20-F ↗	FY 2008 Dec 31, 2008 20-F ↗	FY 2007 Dec 31, 2007 20-F ↗
Sales/Revenue/Turnover (USD)	$5.16B	$4.64B	$3.78B	$1.35B	$2.01B	$1.73B	$5.74B	$5.19B	$5.28B	$4.52B	$3.97B	$4.80B	$5.09B	$4.08B	$3.83B	$2.64B	$1.33B	$1.42B	—
Depreciation Expense (USD)	$486.49M	$487.35M	$482.57M	$454.19M	$487.13M	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$185.04M	$43.54M	$-326.92M	$-930.53M	$-811.75M	$-1.26B	$373.17M	$340.30M	$347.00M	$175.91M	$105.75M	$608.28M	$637.46M	$417.20M	$294.66M	$-10.53M	$-308.46M	$-2.46M	—
Operating Cash Flow (USD)	$818.12M	$626.66M	$622.69M	$-619.43M	$-268.77M	$-860.96M	$836.16M	$1.05B	$1.16B	—	—	—	—	$950.23M	$744.66M	$401.95M	$-112.26M	$-11.16M	—

Melco Resorts & Entertainment LTD

Analytical Summary

19-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Dividend History

Statement lens

Benchmark Lens

Signals

Percentile Rankings

Peer Comparison

Compare MLCO with peers