MGM

MGM Resorts International

Exchange: NYSESector: Consumer CyclicalIndustry: Resorts & Casinos

MGM Resorts International is an S&P 500® global gaming and entertainment company with national and international destinations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 31 unique hotel and gaming destinations globally, including some of the most recognizable resort brands in the industry. The Company's 50/50 venture, BetMGM, LLC, offers sports betting and online gaming in North America through market-leading brands, including BetMGM and partypoker, and the Company's subsidiary, LV Lion Holding Limited, offers sports betting and online gaming through market-leading brands in several jurisdictions throughout Europe and Brazil. The Company is currently pursuing targeted expansion in Asia through an integrated resort development in Japan. Through its Focused on What Matters philosophy, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®.

Current Price

$36.51

+1.36%

GoodMoat Value

$47.97

31.4% undervalued

Profile

Valuation (TTM)

Market Cap$9.34B

P/E51.20

EV$39.31B

P/B3.84

Shares Out255.83M

P/Sales0.53

Revenue$17.72B

EV/EBITDA20.31

MGM Resorts International (MGM) Financial Statements

GoodMoat Analysis

Based on data as of March 26, 2026

MGM Resorts presents a mixed financial picture for a value investor. The company generates exceptionally strong free cash flow, but this is overshadowed by a highly leveraged balance sheet and weak profitability margins. Revenue growth is modest and does not meet the framework's high-growth thresholds.

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MGM's financial quality is bifurcated, showing significant strengths in cash generation but major weaknesses in capital structure and profitability. The standout positive is a robust Free Cash Flow (FCF) Yield of 14.3%, which far exceeds the framework's favourable threshold of >10-15%. This indicates the core casino and resort operations are generating substantial cash for shareholders. However, this strength is critically undermined by the balance sheet. A Debt/Equity ratio of 12.9 is extremely high and fails the framework's check for a low debt load (Debt/EBITDA < 1.0x). This level of leverage introduces significant financial risk and consumes cash flow for interest payments. Profitability metrics are weak: an Operating Margin of 5.3% and a Profit Margin of 1.2% are low, and the ROE of 8.5% falls well below the framework's target of >15-20% for a high-quality business. Revenue growth of 6.0% YoY is stable but modest, failing to meet the 'double-digit and sustainable' criterion for a growth company. The current P/E of 49.8 appears very high relative to this growth rate and the thin profit margins. For a value investor, the analysis hinges on whether the strong FCF can sustainably manage the massive debt burden while improving operational efficiency.

MGM Financial Data

EBITDA$1.89B

Revenue (TTM)$17.72B

Gross Profit (TTM)$7.82B

Gross Margin—

Operating Margin5.31%

ROE7.51%

ROA0.44%

Debt/Equity12.87

Current Ratio1.23

FCF$1.47B

FCF Yield15.71%

Piotroski F-Score—

Rev/Share (TTM)$69.25

50-Day MA$37.56

200-Day MA$35.61

Shares Outstanding0.26B

MGM Computed Insights

FCF$1.47B

FCF Growth Rate5.34%

EPS Growth (CAGR)-31.82%

WACC10.00%

Income Statement

Balance Sheet

Cash Flow Statement

MGM Financial Statements & Data

MGM Resorts International (MGM) financial data including income statement, balance sheet, and cash flow statement. This page provides a comprehensive view of MGM Resorts International's financial performance and position as a Consumer Cyclical company.

Trailing twelve-month (TTM) revenue is $17.72B. Gross profit (TTM) is $7.82B. EBITDA is $1.89B. Earnings per share (EPS) is $0.76. The P/E ratio is 51.20. Market capitalization is $9.34B.

Free cash flow (FCF) is $1.47B. FCF growth rate is 5.34%. EPS growth CAGR is -31.82%. Weighted average cost of capital (WACC) is 10.00%.

Historical revenue data covers 7 years from FY19 to FY25. Net income history spans 7 years. Free cash flow and capital expenditure data spans 7 years. GoodMoat displays interactive charts for revenue, net income, FCF vs CAPEX, and cash-to-debt ratios to help investors identify financial trends.

Use MGM Resorts International's financial data to assess the company's earnings quality, balance sheet health, and cash generation. Compare key metrics across periods to identify trends before making investment decisions with GoodMoat's valuation tools.