MGM Resorts/$MGM
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Capital at risk
About MGM Resorts
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 56% of total EBITDAR in 2025. MGM also owns US regional assets, which represented a low 20s share of 2025 EBITDAR (MGM's Macao EBITDAR was 23% of the total in 2025). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a second property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
- Ticker
- $MGM
- Sector
- Consumer Discretionary
- Primary listing
- NYSE
- Employees
- 69,000
- Headquarters
- Las Vegas, United States
- Website
- www.mgmresorts.com
MGM Resorts Metrics
BasicAdvanced
$9.6B
23.98
$1.60
1.30
-
Price and volume
Market cap
$9.6B
Beta
1.3
52-week high
$51.59
52-week low
$29.19
Average daily volume
2M
Financial strength
Current ratio
1.335
Quick ratio
1.207
Long term debt to equity
8.882
Total debt to equity
8.933
Interest coverage (TTM)
2.82%
Profitability
EBITDA (TTM)
2,237.483
Gross margin (TTM)
44.16%
Net profit margin (TTM)
2.40%
Operating margin (TTM)
6.49%
Effective tax rate (TTM)
-35.81%
Revenue per employee (TTM)
$260,000
Management effectiveness
Return on assets (TTM)
1.77%
Return on equity (TTM)
18.92%
Valuation
Price to earnings (TTM)
23.978
Price to revenue (TTM)
0.566
Price to book
3.83
Price to tangible book (TTM)
-2.74
Price to free cash flow (TTM)
6.73
Free cash flow yield (TTM)
14.86%
Free cash flow per share (TTM)
5.693
Growth
Revenue change (TTM)
3.19%
Earnings per share change (TTM)
-13.16%
3-year revenue growth (CAGR)
6.32%
10-year revenue growth (CAGR)
7.58%
3-year earnings per share growth (CAGR)
18.73%
10-year earnings per share growth (CAGR)
16.85%
What the Analysts think about MGM Resorts
Analyst ratings (Buy, Hold, Sell) for MGM Resorts stock.
Analyst projections of the future price of MGM Resorts stock.
Bulls say / Bears say
Las Vegas Strip revenue rose 3% and Segment Adjusted EBITDAR rose 3% in Q2, marking a second consecutive quarter of year-on-year growth. Strong convention bookings, events and luxury demand provide evidence that the Strip downturn is beginning to stabilise. (MGM Resorts, Las Vegas Review-Journal)
MGM continues to return capital while the shares are depressed: it repurchased about 4 million shares for $164 million in Q2 and had roughly $1.4 billion of authorisation remaining at quarter end. Retiring shares can increase each remaining shareholder’s claim on future earnings. (MGM Resorts)
MGM Osaka remains on schedule and on budget for a 2030 opening, offering a sizeable long-term growth project beyond the mature Las Vegas and Macau markets. The Japanese partner Orix describes the JPY1.51 trillion resort as an asset backed by long-term demand and stable cash flows. (MGM Resorts, SCCG Management)
Q2 revenue rose just 1%, but consolidated Adjusted EBITDA fell to $610 million from $648 million and adjusted EPS dropped to $0.59 from $0.79. This suggests that the headline revenue record is not yet translating into stronger underlying earnings. (MGM Resorts)
MGM China revenue was flat at $1.1 billion in Q2, while Segment Adjusted EBITDAR fell 15% to $257 million. Even if the World Cup disruption proves temporary, the margin decline shows that Macau remains a material earnings risk. (MGM Resorts, MGM China)
MGM Digital revenue grew 20% in Q2, but its Adjusted EBITDAR loss widened to $31 million. BetMGM also expects 2026 revenue and Adjusted EBITDA towards the lower end of its guidance range, with online sports revenue flat year on year and quarterly EBITDA down 15%. (MGM Resorts, BetMGM)
Data summarised monthly by Lightyear AI. Last updated on 18 Sept 2026.
MGM Resorts Financial Performance
Revenues and expenses
MGM Resorts Earnings Performance
Company profitability
Upcoming events
No upcoming events
MGM Resorts News
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Funds containing MGM Resorts
AllEURGBPUSD
Fund name | Fund size | $MGM weighting |
|---|---|---|
iShares S&P 500 Equal Weight€O4J0 | €4.3B | 0.16% |
iShares S&P 500 Consumer Discretionary Sector£ICDU | £555M | 0.16% |
iShares S&P 500 Equal Weight£EWSP | £3.7B | 0.16% |
iShares MSCI World Small Cap$WSML | $9B | 0.06% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.06% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.