MGM Resorts International (MGM)

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MGM Resorts International is a global gaming, hospitality and entertainment company best known for its large presence on the Las Vegas Strip. Its portfolio includes some of the market’s most recognisable resort brands, including Bellagio, MGM Grand, Mandalay Bay, Park MGM, Luxor and New York-New York. Across these properties, MGM operates hotel rooms and suites, casinos, restaurants, entertainment venues, convention space and retail offerings, making it one of the central operators in Las Vegas tourism.

The company also runs regional casino resorts in the United States, giving it exposure beyond Nevada to local and drive-to gaming markets. In Asia, MGM participates in the Macau market through MGM China, a majority-owned subsidiary that operates MGM Macau and MGM Cotai. Macau is an important international gaming hub and provides MGM with access to Chinese and broader Asian leisure demand.

MGM’s strategy combines destination resorts, premium hospitality, live entertainment and gaming technology. The group has also expanded into online sports betting and iGaming through BetMGM, its joint venture with Entain. This business gives MGM a digital channel tied to its customer loyalty ecosystem and US gaming licences.

The company’s long-term development pipeline includes an integrated resort project in Osaka, Japan, which is expected to extend MGM’s footprint into another major regulated gaming market. MGM’s performance is closely linked to consumer travel, convention activity, casino spending, regulatory conditions and competition in Las Vegas, regional US markets, Macau and online gaming.

45.83 USD
45.83 USD
−0.37 (-0.80%)
Pre-market

Last updated

Market Cap
$11,725,662,100
P/E
64.27
P/FCF
7.54
P/S
0.66
Enterprise Value
$15,931,594,100
Sector
Consumer Discretionary
Industry
Casinos & Gaming
Address
3600 LAS VEGAS BLVD S, LAS VEGAS, NV, 89109
Market Cap
$11,725,662,100
Enterprise Value
$15,931,594,100
P/E
64.27
P/B
4.82
P/S
0.66
EV / EBITDA
7.42
EV / Sales
0.9
EPS
0.71
Dividend Yield
1.39%
P/FCF
7.54
P/CF
4.6
Free Cash Flow
$1,554,538,000
ROE
7.5%
ROA
0.44%
Debt / Equity
2.67
Current Ratio
1.34
Quick Ratio
1.31
Cash
0.68
Avg Volume
$2,838,085
Fundamentals Snapshot Price
45.83

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 4.45B 4.61B 4.25B 4.4B 4.28B
Cost of revenue 2.46B 2.58B 2.4B 2.45B 2.32B
Gross profit 1.99B 2.03B 1.85B 1.96B 1.96B
Operating income 301.24M 255.03M -112.85M 378.71M 385.06M
EBITDA 564.97M 556.48M 404M 620.68M 621.5M
Net income 125.14M 293.61M -285.26M 48.95M 148.55M
Income taxes 27.46M -282.95M -12.86M 15.66M 40.05M
Interest expense -100.69M -103.9M -102.29M -105.58M -107.27M
Other operating expenses 142.39M 235.44M 457.55M 125.07M 170.8M
Total operating expenses 1.69B 1.77B 1.96B 1.58B 1.57B
Basic EPS 0.49 1.09 -1.05 0.18 0.52
Diluted EPS 0.48 1.08 -1.05 0.18 0.51

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 41.4B 41.37B 41.41B 41.7B 41.9B
Total liabilities 38.07B 38.1B 37.96B 37.96B 38.28B
Total equity 3.31B 3.25B 3.42B 3.71B 3.59B
Cash & equivalents 2.29B 2.06B 2.13B 1.96B 2.27B
Current assets 4.53B 4.33B 3.93B 3.86B 4.14B
Current liabilities 3.37B 3.49B 3.18B 3.17B 3.17B
Accounts payable 404.49M 421.5M 421.12M 383.47M 380.84M
Receivables 1.23B 1.34B 1.1B 1.27B 1.18B
Inventories 123.16M 124.54M 127.1M 126.7M 135.02M
Goodwill 4.89B 4.9B 4.94B 5.19B 5.16B
Long-term debt 6.4B 6.23B 6.16B 6.21B 6.41B

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow 567.79M 655M 681.43M 645.87M 547.08M
Investing cash flow -372.79M -200.58M -334.88M -378.29M -227.04M
Financing cash flow 39.93M -498.69M -172.5M -589.69M -470.22M
Change in cash 229.21M -70.56M 176.28M -313.33M -145.09M
Net income 174.79M 382.78M -206.73M 118.09M 226.73M
Kind Filing Date Link
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
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form 4 Form 4 — Fritz Gary M View Filing
form 4 Form 4 — Fritz Gary M View Filing
form 4 Form 4 — LEVIN JOSEPH View Filing
form 4 Form 4 — LEVIN JOSEPH View Filing
form 4 Form 4 — Meister Keith A. View Filing
form 4 Form 4 — SALEM PAUL J View Filing
form 4 Form 4 — SALEM PAUL J View Filing
edgar index SCHEDULE 13D/A — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 144 — MGM Resorts International View Filing
form 4 Form 4 — TAYLOR DANIEL J View Filing
form 4 Form 4 — TAYLOR DANIEL J View Filing
edgar index 8-K — MGM Resorts International View Filing
eight k text 8-K — 8-K View Filing
edgar index 8-K — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
edgar index 4 — MGM Resorts International View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — Barr Keith View Filing
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form 4 Form 4 — LEVIN JOSEPH View Filing
form 4 Form 4 — Mckinney-James Rose View Filing
form 4 Form 4 — Meister Keith A. View Filing
form 4 Form 4 — TAYLOR DANIEL J View Filing
form 4 Form 4 — Winston Ben View Filing
form 4 Form 4 — SALEM PAUL J View Filing
form 4 Form 4 — Swartz Janet View Filing
form 4 Form 4 — Barr Keith View Filing
form 4 Form 4 — Barr Keith View Filing
form 4 Form 4 — Langley Donna View Filing
form 4 Form 4 — Langley Donna View Filing
form 4 Form 4 — Langley Donna View Filing
form 4 Form 4 — LEVIN JOSEPH View Filing
form 4 Form 4 — LEVIN JOSEPH View Filing
form 4 Form 4 — Mckinney-James Rose View Filing
form 4 Form 4 — Mckinney-James Rose View Filing
form 4 Form 4 — Mckinney-James Rose View Filing
form 4 Form 4 — Mckinney-James Rose View Filing
form 4 Form 4 — Meister Keith A. View Filing
form 4 Form 4 — Meister Keith A. View Filing
form 4 Form 4 — TAYLOR DANIEL J View Filing
form 4 Form 4 — TAYLOR DANIEL J View Filing
form 4 Form 4 — TAYLOR DANIEL J View Filing
form 4 Form 4 — Winston Ben View Filing
form 4 Form 4 — Winston Ben View Filing
form 4 Form 4 — Winston Ben View Filing
form 4 Form 4 — Winston Ben View Filing
form 4 Form 4 — SALEM PAUL J View Filing
form 4 Form 4 — SALEM PAUL J View Filing
form 4 Form 4 — SALEM PAUL J View Filing
form 4 Form 4 — Swartz Janet View Filing
form 4 Form 4 — Swartz Janet View Filing
form 4 Form 4 — Swartz Janet View Filing
edgar index SCHEDULE 13G/A — MGM Resorts International View Filing
edgar index SCHEDULE 13G — MGM Resorts International View Filing
edgar index 8-K — MGM Resorts International View Filing
edgar index 10-Q — MGM Resorts International View Filing
eight k text 8-K — 8-K View Filing
edgar index 8-K — MGM Resorts International View Filing
edgar index SCHEDULE 13D/A — MGM Resorts International View Filing
edgar index DEFA14A — MGM Resorts International View Filing
eight k text 8-K — 8-K View Filing
edgar index 4 — MGM Resorts International View Filing