MGM Resorts International (MGM)
Market Price (12/23/2025): $37.54 | Market Cap: $10.2 BilSector: Consumer Discretionary | Industry: Casinos & Gaming
MGM Resorts International (MGM)
Market Price (12/23/2025): $37.54Market Cap: $10.2 BilSector: Consumer DiscretionaryIndustry: Casinos & Gaming
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 2.5 Bil | Weak multi-year price returns2Y Excs Rtn is -59%, 3Y Excs Rtn is -73% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 284% |
| Attractive yieldFCF Yield is 13% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 147x | |
| Low stock price volatilityVol 12M is 42% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% | |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Digital Content & Streaming, and Markets & Betting. Themes include Travel & Leisure Tech, Show more. | Key risksMGM key risks include [1] the significant operational and financial fallout from its recent major cyberattack and [2] a high debt burden with substantial peak payments due in 2026. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15%, CFO LTM is 2.5 Bil |
| Attractive yieldFCF Yield is 13% |
| Low stock price volatilityVol 12M is 42% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Digital Content & Streaming, and Markets & Betting. Themes include Travel & Leisure Tech, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -59%, 3Y Excs Rtn is -73% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 284% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 147x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -3.5% |
| Key risksMGM key risks include [1] the significant operational and financial fallout from its recent major cyberattack and [2] a high debt burden with substantial peak payments due in 2026. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
The period from August 31, 2025, to December 23, 2025, is in the future relative to the current real-world date of this interaction. However, based on the provided "Current time is Tuesday, December 23, 2025," and adhering to the instruction to ignore a future end date only if it's in the future *relative to that context*, I have searched for information within the specified timeframe. The search results provide some analyst perspectives and earnings announcements from within this simulated future period. Here are key points that could explain a hypothetical -5.4% stock movement for MGM Resorts International during the approximate time period from August 31, 2025, to December 23, 2025: 1. Disappointing Q3 2025 Earnings. MGM Resorts International released its financial results for the third quarter of 2025 on October 29, 2025. While consolidated net revenue showed growth and MGM China achieved record results, the company reported an Earnings Per Share (EPS) of $0.24, which missed the Zacks Consensus Estimate of $0.37. This indicates profit pressure despite stable revenue. 2. Weakness on the Las Vegas Strip. The third-quarter earnings report indicated a -2% EBITDAR miss attributed to weakness on the Las Vegas Strip, impacting financial performance. Factors such as reduced business interruption proceeds, increased non-cash insurance accruals, and lower table game win contributed to an EBITDA decline. Show moreStock Movement Drivers
Fundamental Drivers
The 8.9% change in MGM stock from 9/22/2025 to 12/22/2025 was primarily driven by a 740.4% change in the company's P/E Multiple.| 9222025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 34.49 | 37.55 | 8.87% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 17211.65 | 17278.98 | 0.39% |
| Net Income Margin (%) | 3.13% | 0.40% | -87.13% |
| P/E Multiple | 17.47 | 146.85 | 740.44% |
| Shares Outstanding (Mil) | 273.33 | 272.52 | 0.30% |
| Cumulative Contribution | 8.87% |
Market Drivers
9/22/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| MGM | 8.9% | |
| Market (SPY) | 2.7% | 43.7% |
| Sector (XLY) | 1.9% | 64.2% |
Fundamental Drivers
The 12.9% change in MGM stock from 6/23/2025 to 12/22/2025 was primarily driven by a 942.4% change in the company's P/E Multiple.| 6232025 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 33.25 | 37.55 | 12.93% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 17134.16 | 17278.98 | 0.85% |
| Net Income Margin (%) | 3.95% | 0.40% | -89.80% |
| P/E Multiple | 14.09 | 146.85 | 942.36% |
| Shares Outstanding (Mil) | 287.12 | 272.52 | 5.09% |
| Cumulative Contribution | 12.64% |
Market Drivers
6/23/2025 to 12/22/2025| Return | Correlation | |
|---|---|---|
| MGM | 12.9% | |
| Market (SPY) | 14.4% | 38.1% |
| Sector (XLY) | 14.3% | 53.9% |
Fundamental Drivers
The 9.9% change in MGM stock from 12/22/2024 to 12/22/2025 was primarily driven by a 1191.3% change in the company's P/E Multiple.| 12222024 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 34.16 | 37.55 | 9.92% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 17269.55 | 17278.98 | 0.05% |
| Net Income Margin (%) | 5.23% | 0.40% | -92.28% |
| P/E Multiple | 11.37 | 146.85 | 1191.25% |
| Shares Outstanding (Mil) | 300.50 | 272.52 | 9.31% |
| Cumulative Contribution | 8.97% |
Market Drivers
12/22/2024 to 12/22/2025| Return | Correlation | |
|---|---|---|
| MGM | 9.9% | |
| Market (SPY) | 16.9% | 62.4% |
| Sector (XLY) | 7.8% | 67.8% |
Fundamental Drivers
The 11.0% change in MGM stock from 12/23/2022 to 12/22/2025 was primarily driven by a 1357.5% change in the company's P/E Multiple.| 12232022 | 12222025 | Change | |
|---|---|---|---|
| Stock Price ($) | 33.82 | 37.55 | 11.03% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 12592.16 | 17278.98 | 37.22% |
| Net Income Margin (%) | 10.48% | 0.40% | -96.15% |
| P/E Multiple | 10.08 | 146.85 | 1357.47% |
| Shares Outstanding (Mil) | 393.30 | 272.52 | 30.71% |
| Cumulative Contribution | 0.56% |
Market Drivers
12/23/2023 to 12/22/2025| Return | Correlation | |
|---|---|---|
| MGM | -15.4% | |
| Market (SPY) | 47.7% | 57.9% |
| Sector (XLY) | 38.4% | 59.2% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MGM Return | -5% | 42% | -25% | 33% | -22% | 8% | 13% |
| Peers Return | 114% | -23% | -26% | 45% | -9% | 4% | 66% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 113% |
Monthly Win Rates [3] | |||||||
| MGM Win Rate | 42% | 67% | 33% | 67% | 42% | 67% | |
| Peers Win Rate | 57% | 42% | 40% | 52% | 43% | 58% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| MGM Max Drawdown | -78% | -10% | -39% | -1% | -25% | -26% | |
| Peers Max Drawdown | -57% | -35% | -47% | -11% | -26% | -33% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: LVS, CZR, WYNN, DKNG, PENN. See MGM Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/22/2025 (YTD)
How Low Can It Go
| Event | MGM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -46.1% | -25.4% |
| % Gain to Breakeven | 85.4% | 34.1% |
| Time to Breakeven | 400 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -79.3% | -33.9% |
| % Gain to Breakeven | 383.8% | 51.3% |
| Time to Breakeven | 327 days | 148 days |
| 2018 Correction | ||
| % Loss | -42.6% | -19.8% |
| % Gain to Breakeven | 74.1% | 24.7% |
| Time to Breakeven | 792 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -98.1% | -56.8% |
| % Gain to Breakeven | 5177.8% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to LVS, WYNN, CZR, PENN, FLUT
In The Past
MGM Resorts International's stock fell -46.1% during the 2022 Inflation Shock from a high on 11/5/2021. A -46.1% loss requires a 85.4% gain to breakeven.
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AI Analysis | Feedback
- Disney for adults, specializing in luxury resorts and casinos.
- Marriott or Hilton, but focused on operating large, integrated casino resorts.
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- Casino Gaming: Provides a wide range of gambling opportunities, including slot machines, table games, and sports betting, across its integrated resorts.
- Hotel Accommodation: Offers luxury hotel rooms and suites for guests seeking lodging within its resort properties.
- Food & Beverage: Operates numerous restaurants, bars, and lounges providing diverse culinary experiences.
- Live Entertainment & Nightlife: Hosts concerts, theatrical shows, sporting events, and offers vibrant nightclub and dayclub experiences.
- Meetings, Conventions & & Exhibitions: Provides extensive facilities and services for corporate meetings, conferences, and trade shows.
- Retail & Wellness: Manages retail shops offering various goods and operates spas, salons, and fitness centers within its resorts.
AI Analysis | Feedback
MGM Resorts International (symbol: MGM) primarily sells its services and experiences directly to individuals. The company serves a diverse range of customers across its global portfolio of resorts, hotels, casinos, and entertainment venues.
Here are three major categories of individual customers that MGM serves:
- Leisure Tourists and Vacationers: This broad category includes individuals and families traveling for pleasure, seeking entertainment, dining, shows, shopping, and relaxation. They visit MGM properties for getaways, holidays, or special events, often driven by the resort's amenities and destination appeal.
- Gamblers and Casino Patrons: A core customer segment for MGM, these individuals are primarily motivated by gaming. This category encompasses both casual players who enjoy casino games as part of their leisure activities and high-net-worth individuals (often referred to as "high rollers" or VIPs) who generate significant revenue through high-stakes gaming.
- Business Travelers and Convention Attendees: These are individuals who stay at MGM properties while attending conferences, trade shows, corporate meetings, or other professional events. While their accommodations and event attendance may be company-sponsored, they are the direct consumers of hotel rooms, meeting facilities, dining, and other services offered by MGM resorts.
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- Amadeus (AMADY)
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William J. Hornbuckle, Chief Executive Officer and President
A veteran of the gaming industry with four decades of experience, William J. Hornbuckle has been President and Chief Executive Officer of MGM Resorts International since July 2020, having served as Acting CEO and President since March 2020. His career at MGM Resorts International began in 1998, and he has held numerous leadership positions including President, Chief Operating Officer, Chief Marketing Officer, and President and Chief Operating Officer of several key properties like Mandalay Bay and MGM Grand Las Vegas. Before joining MGM, he was President and Chief Operating Officer for Caesars Palace, Las Vegas, and spent a significant part of his early career with Mirage Resorts, where he was involved in the opening of The Mirage in 1989. Mr. Hornbuckle is a founder of Bank of George, a local banking institution. He holds a Bachelor of Science Degree in Hotel Administration from the University of Nevada, Las Vegas.
Jonathan Halkyard, Chief Financial Officer
Jonathan Halkyard was appointed Chief Financial Officer of MGM Resorts International in January 2021. Prior to this, he served as President and CEO of Extended Stay America, Inc. and ESH Hospitality, its paired-share REIT, and was Chief Operating Officer and Chief Financial Officer at the company. Mr. Halkyard also spent 13 years in leadership roles at Caesars Entertainment (formerly Harrah's Entertainment), including serving as Chief Financial Officer from 2006. During his time at Caesars, he led major acquisitions and was part of the leadership team that oversaw the $30 billion sale of Caesars Entertainment to private equity firms TPG and Apollo. He also served as EVP and CFO of NV Energy from 2012 to 2013. Mr. Halkyard holds an MBA from Harvard Business School and a Bachelor's degree in Economics from Colgate University.
Corey Sanders, Chief Operating Officer
Corey Sanders is the Chief Operating Officer for MGM Resorts International, overseeing the company's Las Vegas and regional properties, along with corporate departments such as Hospitality, Gaming, Design and Construction, and Strategic Initiatives. Before his appointment as Chief Operating Officer, Mr. Sanders held the position of Chief Financial Officer and Treasurer for the company. His tenure with MGM Resorts includes roles such as Chief Operating Officer for Core Brands and Executive Vice President of Operations for MGM MIRAGE. Mr. Sanders earned a Bachelor of Arts degree in Economics from UCLA.
John M. McManus, Chief Legal and Administrative Officer and Secretary
John M. McManus serves as Chief Legal and Administrative Officer and Secretary for MGM Resorts International. In this capacity, he is responsible for the company's legal affairs, government affairs, corporate communications, corporate security, risk management, and compliance departments. Mr. McManus joined MGM in 2001 and has provided legal counsel in various roles within the parent company and its operating subsidiaries. Prior to MGM, he was Executive Vice President, General Counsel, and Secretary for the Sahara Hotel & Casino, and worked as an associate attorney at a Las Vegas law firm.
Jyoti Chopra, Senior Vice President and Chief People, Inclusion and Sustainability Officer
Jyoti Chopra is the Senior Vice President and Chief People, Inclusion and Sustainability Officer for MGM Resorts International. In this role, she leads human resources, social impact, and sustainability initiatives, including environmental, social, and governance (ESG) reporting, and oversees the MGM Resorts Foundation. Before joining MGM Resorts in 2019, Ms. Chopra was Senior Vice President at Pearson Plc. Her prior experience also includes serving as Chief Diversity Officer and Managing Director of Global Citizenship and Sustainability for Bank of New York Mellon, and as global leader of communications and public relations at Deloitte Touche Tohmatsu Limited. She began her career at the United Nations, where she developed a global media and advocacy campaign for women and children at UNICEF. Ms. Chopra holds a Bachelor of Arts Honors degree in Journalism from New York University and an MBA from the Saïd Business School, University of Oxford.
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Key Risks to MGM Resorts International (MGM)
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Economic and Regulatory Uncertainties: MGM Resorts International is highly susceptible to global economic fluctuations, including recessions and slowdowns, which can significantly reduce consumer spending on leisure and travel. Factors such as political instability, terrorism, natural disasters, and pandemics can disrupt travel patterns and negatively impact the tourism industry, on which MGM heavily relies for its business operations. Furthermore, the casino and gaming industry is subject to extensive and evolving regulations. Changes in laws pertaining to taxation, licensing, or gambling can directly affect MGM's operations and profitability. The company also faces ongoing scrutiny regarding compliance with anti-money laundering (AML) regulations, as evidenced by recent significant fines.
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Cybersecurity Risks: The company faces a substantial risk from cybersecurity incidents. A major cyberattack in September 2023 caused significant operational disruptions, including malfunctioning slot machines, disabled ATMs, and inoperative digital key cards across its properties, leading to an estimated $100 million hit to its third-quarter results. Such breaches can also result in reputational damage, customer trust erosion, and potential legal actions, as seen with class-action lawsuits filed in the wake of the 2023 incident and a previous 2019 data breach.
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High Debt Levels: MGM Resorts International carries a significant amount of debt, which can restrict its financial flexibility and increase interest expenses. This debt burden can be particularly challenging during economic downturns or periods of weak cash flow, limiting the company's ability to invest in growth opportunities. The company has upcoming peak debt payments, with a substantial portion expected in 2026.
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- Proliferation and Adoption of Online Gambling and Sports Betting: While MGM operates BetMGM, the increasing legalization and widespread adoption of online casinos and sportsbooks by consumers (including those offered by competitors like DraftKings and FanDuel, as well as pure-play online entities) poses a significant threat. This trend can cannibalize demand for physical casino visits by offering the convenience of gambling from anywhere, anytime, potentially reducing foot traffic, gaming revenue, and the need for the full integrated resort experience at brick-and-mortar properties.
- Sustained Reduction in Business Travel and Corporate Conventions: The post-pandemic shift towards hybrid and remote work models has prompted many corporations to re-evaluate the necessity and frequency of large-scale in-person meetings, conventions, and business travel. Companies are increasingly opting for virtual events, smaller regional gatherings, or reduced travel budgets. MGM's business model heavily relies on its vast convention facilities and group bookings to fill hotel rooms mid-week and drive significant non-gaming revenue. A sustained or permanent reduction in demand for corporate conventions and business travel would directly impact a crucial and profitable segment of MGM's operations.
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MGM Resorts International (symbol: MGM) operates across several core business segments, primarily gaming and casinos, hospitality and accommodations (hotels and resorts), and entertainment and live events. The addressable market sizes for these main products and services are outlined below:
- Gaming and Casinos (Global): The combined market size of the global casinos and online gambling industry reached approximately $305.8 billion as of April 2024.
- Gaming and Casinos (U.S.): The U.S. casino market was valued at approximately USD 99.05 billion in 2024.
- Online Gambling (Global): The global online gambling market generated a revenue of USD 78.66 billion in 2024.
- Online Gambling (North America): The North America online gambling market size was estimated at USD 16.56 billion in 2024.
- Online Gambling (U.S.): The U.S. online gambling market size was estimated at USD 12.68 billion in 2024.
- Hospitality and Accommodations (Hotels & Resorts) (Global): The market size for global hotels and resorts was $1.7 trillion in 2024.
- Hospitality and Accommodations (Hotels & Resorts) (U.S.): The U.S. hotels market size was estimated at USD 263.21 billion in 2024.
- Entertainment and Live Events (Global): The global live entertainment market is projected to reach USD 202.90 billion in 2025.
- Food and Beverage: null
- Retail and Other Services: null
AI Analysis | Feedback
MGM Resorts International (MGM) is focused on several key drivers to fuel its revenue growth over the next two to three years:
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Expansion of BetMGM and Digital Gaming: BetMGM, the company's online gaming and sports betting joint venture, is projected to be a significant revenue contributor. The company anticipates BetMGM's revenue to reach approximately $2.5 billion, with continued focus on profitability and expansion into new markets such as Brazil. MGM Digital, the consolidated international digital business, is also expected to grow and achieve profitability in the coming years.
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International Market Expansion: MGM is actively pursuing growth in international markets. MGM China has demonstrated strong performance, achieving record results and increasing market share. The company is also developing an integrated resort in Osaka, Japan, set to open in 2030, which is expected to generate substantial gross gaming revenue. Additionally, MGM is pursuing opportunities for gaming in Dubai and monitoring developments for potential casino legalization in Thailand.
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Las Vegas Strip Resort Enhancements and Convention Business: MGM is investing in its Las Vegas properties, including a $300 million renovation of rooms at MGM Grand, aimed at attracting leisure and business travelers. The return of the group and convention season, coupled with strong future bookings, is anticipated to drive revenue growth in this segment.
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Operational Efficiencies and Cost Management: While not a direct revenue driver, MGM is targeting significant operational efficiencies and cost savings, with expected EBITDA enhancements of $200 million, with $150 million anticipated in 2025. These efforts aim to improve profitability and free up capital for growth initiatives.
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Share Repurchases
- MGM has maintained an aggressive share repurchase program, buying back nearly 45% of its outstanding shares since the beginning of 2021.
- In April 2025, a new $2 billion share repurchase program was authorized by the Board of Directors, supplementing the approximately $337 million remaining under a November 2023 plan.
- The company repurchased approximately 33 million shares for $1.4 billion in 2024 and 15 million shares for $494 million in the first quarter of 2025.
Share Issuance
- The 2022 Omnibus Incentive Plan allows for the grant of up to approximately 18 million shares or stock-based awards to eligible individuals.
Inbound Investments
- In 2021, MGM Growth Properties (MGP) acquired the real estate assets of MGM Springfield from MGM Resorts International for approximately $400 million in cash.
- BetMGM, a 50/50 venture, is expected to provide a cash distribution of at least $100 million to MGM Resorts by year-end 2025.
Outbound Investments
- MGM acquired LeoVegas for $604 million in August 2022, and its subsidiary LeoVegas Group further acquired Push Gaming for $150 million in April 2023, expanding its online gaming presence.
- MGM is undertaking significant integrated resort developments in Osaka, Japan (expected opening by 2030 with MGM's equity investment likely less than $2.5 billion), and Dubai (on track for the second half of 2028).
- In June 2024, MGM's subsidiary, LeoVegas Group, agreed to acquire the U.S. sportsbook and online casino platform from Tipico Group Ltd.
Capital Expenditures
- Projected domestic capital expenditures for 2025 are approximately $750-800 million, with roughly $600 million allocated for maintenance capital and the remainder for growth initiatives.
- Planned capital expenditures for 2024 were approximately $830-860 million domestically and an estimated $200-250 million at MGM China.
- Capital expenditures are primarily focused on maintaining and enhancing existing assets, extending their useful lives, improving operating efficiency, and developing new integrated resorts in locations like Japan and Dubai.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to MGM. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | BBWI | Bath & Body Works | Dip Buy | DB | Insider Buys | Low D/EDip Buy with Strong Insider BuyingBuying dips for companies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 10.7% | 10.7% | 0.0% |
| 11262025 | HRB | H&R Block | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.9% | 3.9% | -0.1% |
| 11262025 | LRN | Stride | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.8% | 3.8% | -4.4% |
| 11212025 | ABNB | Airbnb | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 19.9% | 19.9% | 0.0% |
| 11212025 | MTN | Vail Resorts | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 7.5% | 7.5% | -1.6% |
| 03312020 | MGM | MGM Resorts International | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 84.1% | 222.1% | -10.3% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for MGM Resorts International
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 36.22 |
| Mkt Cap | 11.6 |
| Rev LTM | 9,240 |
| Op Inc LTM | 1,412 |
| FCF LTM | 634 |
| FCF 3Y Avg | 526 |
| CFO LTM | 1,330 |
| CFO 3Y Avg | 1,339 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.6% |
| Rev Chg 3Y Avg | 18.3% |
| Rev Chg Q | 4.6% |
| QoQ Delta Rev Chg LTM | 1.0% |
| Op Mgn LTM | 13.0% |
| Op Mgn 3Y Avg | 11.2% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 13.5% |
| CFO/Rev 3Y Avg | 13.8% |
| FCF/Rev LTM | 8.8% |
| FCF/Rev 3Y Avg | 5.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 11.6 |
| P/S | 1.2 |
| P/EBIT | 6.2 |
| P/E | 11.7 |
| P/CFO | 6.9 |
| Total Yield | -0.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.9% |
| D/E | 2.0 |
| Net D/E | 1.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 11.2% |
| 3M Rtn | -1.3% |
| 6M Rtn | 0.4% |
| 12M Rtn | -1.8% |
| 3Y Rtn | 30.8% |
| 1M Excs Rtn | 8.8% |
| 3M Excs Rtn | -6.4% |
| 6M Excs Rtn | -15.8% |
| 12M Excs Rtn | -16.6% |
| 3Y Excs Rtn | -52.7% |
Comparison Analyses
Price Behavior
| Market Price | $37.55 | |
| Market Cap ($ Bil) | 10.2 | |
| First Trading Date | 01/12/1990 | |
| Distance from 52W High | -7.0% | |
| 50 Days | 200 Days | |
| DMA Price | $33.66 | $33.82 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | 11.6% | 11.0% |
| 3M | 1YR | |
| Volatility | 32.6% | 42.5% |
| Downside Capture | 98.45 | 128.81 |
| Upside Capture | 127.14 | 118.53 |
| Correlation (SPY) | 40.9% | 62.4% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.34 | 1.07 | 0.92 | 1.27 | 1.35 | 1.38 |
| Up Beta | 0.36 | 0.89 | 0.89 | 1.09 | 1.61 | 1.45 |
| Down Beta | -0.03 | 1.29 | 1.07 | 1.50 | 1.15 | 1.31 |
| Up Capture | 305% | 96% | 32% | 114% | 112% | 185% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 11 | 20 | 25 | 58 | 112 | 379 |
| Down Capture | 113% | 107% | 126% | 131% | 119% | 108% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 8 | 21 | 37 | 66 | 134 | 366 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of MGM With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| MGM | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 6.2% | 3.1% | 14.7% | 67.3% | 6.8% | -0.5% | -16.6% |
| Annualized Volatility | 42.5% | 24.7% | 19.7% | 19.3% | 15.2% | 17.6% | 35.4% |
| Sharpe Ratio | 0.25 | 0.07 | 0.57 | 2.54 | 0.23 | -0.18 | -0.25 |
| Correlation With Other Assets | 68.1% | 63.0% | -4.9% | 21.2% | 54.0% | 27.6% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of MGM With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| MGM | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 4.9% | 10.2% | 15.0% | 18.9% | 11.8% | 5.1% | 35.8% |
| Annualized Volatility | 39.9% | 23.8% | 17.1% | 15.5% | 18.7% | 18.9% | 48.9% |
| Sharpe Ratio | 0.24 | 0.39 | 0.71 | 0.98 | 0.51 | 0.18 | 0.63 |
| Correlation With Other Assets | 61.3% | 60.8% | 5.5% | 16.2% | 47.6% | 26.2% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of MGM With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| MGM | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 6.7% | 13.3% | 14.9% | 14.9% | 6.7% | 5.5% | 69.9% |
| Annualized Volatility | 45.5% | 22.0% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.31 | 0.56 | 0.71 | 0.84 | 0.30 | 0.23 | 0.90 |
| Correlation With Other Assets | 63.1% | 62.6% | 2.2% | 25.3% | 52.1% | 16.1% | |
ETFs used for asset classes: Sector ETF = XLY, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2025 | -1.6% | 2.6% | 13.6% |
| 7/30/2025 | -3.8% | -7.4% | 4.5% |
| 4/30/2025 | -1.9% | 0.9% | 0.6% |
| 2/12/2025 | 17.5% | 11.4% | -7.6% |
| 10/30/2024 | -11.0% | -9.6% | -7.4% |
| 7/31/2024 | -13.2% | -15.2% | -12.9% |
| 5/1/2024 | 2.8% | 0.7% | 1.1% |
| 2/13/2024 | -6.3% | -7.4% | -6.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 11 | 13 |
| # Negative | 17 | 13 | 11 |
| Median Positive | 3.7% | 5.1% | 6.9% |
| Median Negative | -3.4% | -6.9% | -12.9% |
| Max Positive | 17.5% | 31.4% | 39.8% |
| Max Negative | -13.2% | -15.2% | -53.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10292025 | 10-Q 9/30/2025 |
| 6302025 | 7302025 | 10-Q 6/30/2025 |
| 3312025 | 4302025 | 10-Q 3/31/2025 |
| 12312024 | 2182025 | 10-K 12/31/2024 |
| 9302024 | 10302024 | 10-Q 9/30/2024 |
| 6302024 | 7312024 | 10-Q 6/30/2024 |
| 3312024 | 5012024 | 10-Q 3/31/2024 |
| 12312023 | 2232024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8022023 | 10-Q 6/30/2023 |
| 3312023 | 5012023 | 10-Q 3/31/2023 |
| 12312022 | 2242023 | 10-K 12/31/2022 |
| 9302022 | 11022022 | 10-Q 9/30/2022 |
| 6302022 | 8032022 | 10-Q 6/30/2022 |
| 3312022 | 5022022 | 10-Q 3/31/2022 |
| 12312021 | 2252022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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