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Updated: Sep 27, 2026
MLCO Logo

Melco Resorts and Enter

NASDAQ:MLCO·Stock Analysis Report
Day Range
$4.56 - $4.71
Market Cap
1.92B
P/E Ratio
7.8555
Avg Value
$6.97
Year Range
$4.62 - $9.32
$4.56-$0.11 (-2.36%)
1
General Information
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on premium customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs' electronic gaming machines.

The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao, with the rest from overseas as of 2025.

2
Melco Resorts and Enter (MLCO) Stock Graph
3
How We Grade Melco Resorts and Enter (MLCO)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Melco Resorts and Enter (MLCO) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

30.85

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

44.9

Value is a percentile-ranked composite metric that evaluates a stock's relative worth by comparing its market price to fundamental measures of the company's assets, earnings, sales, and operating performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Melco Resorts and Enter compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
RSIRush Street Interactive
12.61
N/A
98.67
9.21
BRSLBrightstar Lottery
43.44
N/A
26.66
6.98
PENNPENN Entertainment
N/A
0.49
1
12.05
MCRIMonarch Casino & Resort
65.95
87.5
46.93
58.84
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 5 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $5.70 - $9.40 with an average of $7.22

52.64%
Expected movement for Melco Resorts and Enter (MLCO) over the next 12 months
Based on these rankings

Recent Ratings for Melco Resorts and Enter (MLCO)

Susquehanna
Date:
Aug 14, 2026
Action:
Maintains
Prev. Target:
$8.00
New Target:
$7.00
Susquehanna
Date:
Aug 12, 2026
Action:
Maintains
Prev. Target:
$12.00
New Target:
$8.00
JP Morgan
Date:
Jul 16, 2026
Action:
Maintains
Prev. Target:
$6.00
New Target:
$5.70
CLSA
Date:
Jul 10, 2026
Action:
Upgrades
Prev. Target:
$6.10
New Target:
$6.00
Citigroup
Date:
Jul 10, 2026
Action:
Maintains
Prev. Target:
$10.50
New Target:
$9.40
7
Financial Health
What is the current state of the company's financial situation?

We measure the health of a company based on how profitable they are and their ability to cover both their short-term and long-term debts. The key indicators that we use are the Operating Margin, Quick Ratio, and Debt-to-Equity ratio relative to the companies peers

Operational Margin 0.0684

The operating margin measures how much profit a company makes after it spends money on wages, materials or other administrative expenses but before interest and taxes. It is a good representation of how efficiently a company is able to generate profit from its core operations.

Quick Ratio 0.9716

The quick ratio measures how much of a company's debt, that is due in less than 1 year, can be covered using its cash equivalents, marketable securities, and money that is currently owed to them (accounts receivables).

A company with a quick ratio of less than 1.00 does not, in many cases, have the capital on hand to meet its short-term obligations if they were all due at once, while a quick ratio greater than one indicates the company has the financial resources to remain solvent in the short term.

Debt-to-Equity 719.3032

Debt-to-equity is calculated by dividing a company's total liabilities by its shareholders equity. It is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. Generally speaking, a D/E ratio below 1.0 would be seen as relatively safe, whereas ratios of 2.0 or higher would be considered risky.

The chart above shows Melco Resorts and Enter (MLCO) operating margin, quick ratio, and debt-to-equity ratio compared to its peers. The black markers represent the peer averages for each ratio and the blue bars represent Melco Resorts and Enter (MLCO) ratio values.
8
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is MLCO's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
1.35
3.78
4.64
5.16
5.04
Operating Revenue
1.35
3.78
4.64
5.16
5.04
Cost Of Revenue
1.10
2.59
2.98
3.27
3.19
Gross Profit
0.25
1.18
1.66
1.90
1.86
Operating Expense
0.97
1.07
1.16
1.25
1.27
Selling General And Administration
0.42
0.49
0.57
0.66
0.75
Research and Development
0.00
—
0.01
0.01
0.00
Operating Income
-0.73
0.11
0.51
0.65
0.59
Net Non-Operating Interest Income Expense
-0.36
-0.47
-0.48
-0.46
-0.39
Other Income Expense
-0.01
-0.04
-0.03
-0.04
0.00
Other Non-Operating Income Expenses
0.00
0.00
0.00
0.00
0.01
Pre-Tax Income
-1.09
-0.40
-0.01
0.15
0.20
Tax Provision
0.01
0.01
0.02
0.00
0.00
Net Income
-0.93
-0.33
0.04
0.19
0.24
Net Income Common Stockholders
-0.93
-0.33
0.04
0.19
0.24
Total Operating Income As Reported
-0.74
0.06
0.48
0.60
0.58
Total Expenses
2.08
3.67
4.13
4.51
4.45
Net Income From Continuing And Discontinued Operation
-0.93
-0.33
0.04
0.19
0.24
Normalized Income
-0.92
-0.29
0.08
0.22
0.25
Interest Income
0.03
0.02
0.02
0.01
0.03
Interest Expense
0.38
0.49
0.49
0.46
0.41
Net Interest Income
-0.36
-0.47
-0.48
-0.46
-0.39
EBIT
-0.72
0.09
0.48
0.61
0.62
EBITDA
-0.19
0.63
1.02
1.16
1.10
Reconciled Cost Of Revenue
1.10
2.59
2.98
3.27
3.19
Reconciled Depreciation
0.52
0.54
0.54
0.54
0.48
Normalized EBITDA
-0.18
0.67
1.06
1.20
1.11
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.06
Tax Effect Of Unusual Items
0.00
0.00
-0.01
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
9.30
8.34
7.99
7.60
6.32
Current Assets
2.07
1.54
1.43
1.27
1.03
Total Non-Current Assets
7.23
6.79
6.56
6.33
5.29
Total Liabilities Net Minority Interest
9.62
9.18
8.93
8.50
6.31
Current Liabilities
1.20
1.10
1.19
1.18
1.00
Other Non-Current Liabilities
0.03
0.32
0.32
0.31
0.21
Total Equity Gross Minority Interest
-0.31
-0.84
-0.94
-0.90
0.01
Stockholders Equity
—
—
—
—
—
Total Capitalization
7.24
6.19
5.81
5.50
5.08
Common Stock Equity
-0.85
-1.29
-1.33
-1.25
0.01
Net Tangible Assets
-1.65
-2.26
-2.26
-2.09
-0.35
Working Capital
0.88
0.44
0.24
0.08
0.03
Invested Capital
7.56
6.19
5.83
5.50
5.08
Tangible Book Value
-1.65
-2.26
-2.26
-2.09
-0.35
Total Debt
8.71
7.77
7.46
7.02
5.10
Net Debt
6.60
6.16
6.01
5.72
4.62
Share Issued
1.48
1.40
1.35
1.35
1.14
Ordinary Shares Number
1.37
1.31
1.26
1.17
1.14
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
—
—
—
—
—
Net Income from Continuing Operations
—
—
—
—
—
Depreciation and Amortization
—
—
—
—
—
Deferred Tax
—
—
—
—
—
Deferred Income Tax
—
—
—
—
—
Stock-Based Compensation
—
—
—
—
—
Other Non-Cash Items
—
—
—
—
—
Change in Working Capital
—
—
—
—
—
Change in Receivables
—
—
—
—
—
Changes in Account Receivables
—
—
—
—
—
Change in Inventory
—
—
—
—
—
Change in Payables and Accrued Expense
—
—
—
—
—
Change in Payable
—
—
—
—
—
Change in Account Payable
—
—
—
—
—
Change in Other Current Assets
—
—
—
—
—
Change in Other Current Liabilities
—
—
—
—
—
Change in Other Working Capital
—
—
—
—
—
Cash Flow from Continuing Investing Activities
—
—
—
—
—
Net PPE Purchase and Sale
—
—
—
—
—
Net Business Purchase and Sale
—
—
—
—
—
Purchase of Business
—
—
—
—
—
Net Investment Purchase and Sale
—
—
—
—
—
Purchase of Investment
—
—
—
—
—
Sale of Investment
—
—
—
—
—
Net Other Investing Changes
—
—
—
—
—
Financing Cash Flow
—
—
—
—
—
Cash Flow from Continuing Financing Activities
—
—
—
—
—
Net Issuance Payments of Debt
—
—
—
—
—
Net Long-Term Debt Issuance
—
—
—
—
—
Long-Term Debt Issuance
—
—
—
—
—
Long-Term Debt Payments
—
—
—
—
—
Net Short-Term Debt Issuance
—
—
—
—
—
Net Common Stock Issuance
—
—
—
—
—
Common Stock Issuance
—
—
—
—
—
Common Stock Payments
—
—
—
—
—
Cash Dividends Paid
—
—
—
—
—
Net Other Financing Charges
—
—
—
—
—
End Cash Position
—
—
—
—
—
Changes in Cash
—
—
—
—
—
Beginning Cash Position
—
—
—
—
—
Capital Expenditure
—
—
—
—
—
Issuance of Capital Stock
—
—
—
—
—
Issuance of Debt
—
—
—
—
—
Repayment of Debt
—
—
—
—
—
Repurchase of Capital Stock
—
—
—
—
—
Free Cash Flow
—
—
—
—
—