MGM
MGM Resorts International
Gambling, Resorts & Casinos
Market Cap$9.75B
5Y Perf.+121.8%
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Stock Comparison
MGM vs MLCO
Revenue, margins, valuation, and 5-year total return — side by side.
MLCO
Melco Resorts & Entertainment Limited
Gambling, Resorts & Casinos
Market Cap$2.28B
5Y Perf.-65.1%
MGM vs MLCO — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | MGM | MLCO |
|---|---|---|
| Industry | Gambling, Resorts & Casinos | Gambling, Resorts & Casinos |
| Market Cap | $9.75B | $2.28B |
| Revenue (TTM) | $17.72B | $5.16B |
| Net Income (TTM) | $183M | $185M |
| Gross Margin | 44.2% | 36.8% |
| Operating Margin | 5.2% | 11.6% |
| Forward P/E | 22.1x | 11.0x |
| Total Debt | $56.16B | $7.02B |
| Cash & Equiv. | $2.06B | $1.02B |
MGM vs MLCO — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
MGM
MLCO
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| MGM Resorts Interna… (MGM) | 100 | 221.8 | +121.8% |
| Melco Resorts & Ent… (MLCO) | 100 | 34.9 | -65.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MGM vs MLCO
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: MLCO leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. MGM Resorts International is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
MGM
MGM Resorts International
The Income Pick
MGM is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 1.28
- 81.8% 10Y total return vs MLCO's -29.0%
- +20.1% vs MLCO's -0.7%
Best for: income & stability and long-term compounding
MLCO
Melco Resorts & Entertainment Limited
The Growth Play
MLCO carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 11.3%, EPS growth 350.0%, 3Y rev CAGR 56.4%
- Lower volatility, beta 1.11, current ratio 1.07x
- Beta 1.11, yield 0.0%, current ratio 1.07x
Best for: growth exposure and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MLCO | 11.3% revenue growth vs MGM's 1.7% |
| Value | MLCO | Lower P/E (11.0x vs 22.1x) |
| Quality / Margins | MLCO | 3.6% margin vs MGM's 1.0% |
| Stability / Safety | MLCO | Beta 1.11 vs MGM's 1.28 |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | MGM | +20.1% vs MLCO's -0.7% |
| Efficiency (ROA) | MLCO | 2.4% ROA vs MGM's 0.4%, ROIC 8.6% vs 1.7% |
MGM vs MLCO — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
MGM vs MLCO — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMLCOLAGGINGMGM
MGMMGM Resorts Internati…
1leads
MLCOMelco Resorts & Enter…
3leads
6 Total Categories
CATEGORYLEADERvs MGMMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
MLCO4/6
Valuation MetricsMultiples, price ratios, and targets
MLCO5/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MLCO6/7
Total Returns1Y, 3Y, 5Y total returns with dividends
MGM6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
MLCO leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
MGM is the larger business by revenue, generating $17.7B annually — 3.4x MLCO's $5.2B. Profitability is closely matched — net margins range from 3.6% (MLCO) to 1.0% (MGM). On growth, MLCO holds the edge at +8.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | MGMMGM Resorts Inter… | MLCOMelco Resorts & E… |
|---|---|---|
| RevenueTrailing 12 months | $17.7B | $5.2B |
| EBITDAEarnings before interest/tax | $2.0B | $1.1B |
| Net IncomeAfter-tax profit | $183M | $185M |
| Free Cash FlowCash after capex | $1.7B | $0 |
| Gross MarginGross profit ÷ Revenue | +44.2% | +36.8% |
| Operating MarginEBIT ÷ Revenue | +5.2% | +11.6% |
| Net MarginNet income ÷ Revenue | +1.0% | +3.6% |
| FCF MarginFCF ÷ Revenue | +9.8% | +9.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.2% | +8.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -5.9% | +4.1% |
MLCO leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
MLCO leads this category, winning 5 of 5 comparable metrics.
Valuation Metrics
At 12.4x trailing earnings, MLCO trades at a 75% valuation discount to MGM's 50.1x P/E. On an enterprise value basis, MLCO's 7.3x EV/EBITDA is more attractive than MGM's 31.6x.
| Metric | MGMMGM Resorts Inter… | MLCOMelco Resorts & E… |
|---|---|---|
| Market CapShares × price | $9.8B | $2.3B |
| Enterprise ValueMkt cap + debt − cash | $63.8B | $8.3B |
| Trailing P/EPrice ÷ TTM EPS | 50.14x | 12.44x |
| Forward P/EPrice ÷ next-FY EPS est. | 22.10x | 11.00x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 31.61x | 7.25x |
| Price / SalesMarket cap ÷ Revenue | 0.56x | 0.44x |
| Price / BookPrice ÷ Book value/share | 3.08x | — |
| Price / FCFMarket cap ÷ FCF | 5.85x | 4.78x |
MLCO leads this category, winning 5 of 5 comparable metrics.
Profitability & Efficiency
MLCO leads this category, winning 6 of 7 comparable metrics.
Profitability & Efficiency
On the Piotroski fundamental quality scale (0–9), MLCO scores 8/9 vs MGM's 5/9, reflecting strong financial health.
| Metric | MGMMGM Resorts Inter… | MLCOMelco Resorts & E… |
|---|---|---|
| ROE (TTM)Return on equity | +5.3% | — |
| ROA (TTM)Return on assets | +0.4% | +2.4% |
| ROICReturn on invested capital | +1.7% | +8.6% |
| ROCEReturn on capital employed | +2.6% | +9.1% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 8 |
| Debt / EquityFinancial leverage | 17.14x | — |
| Net DebtTotal debt minus cash | $54.1B | $6.0B |
| Cash & Equiv.Liquid assets | $2.1B | $1.0B |
| Total DebtShort + long-term debt | $56.2B | $7.0B |
| Interest CoverageEBIT ÷ Interest expense | 1.52x | 1.30x |
MLCO leads this category, winning 6 of 7 comparable metrics.
Total Returns (Dividends Reinvested)
MGM leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MGM five years ago would be worth $9,551 today (with dividends reinvested), compared to $3,075 for MLCO. Over the past 12 months, MGM leads with a +20.1% total return vs MLCO's -0.7%. The 3-year compound annual growth rate (CAGR) favors MGM at -4.3% vs MLCO's -23.9% — a key indicator of consistent wealth creation.
| Metric | MGMMGM Resorts Inter… | MLCOMelco Resorts & E… |
|---|---|---|
| YTD ReturnYear-to-date | +4.4% | -25.4% |
| 1-Year ReturnPast 12 months | +20.1% | -0.7% |
| 3-Year ReturnCumulative with dividends | -12.3% | -55.9% |
| 5-Year ReturnCumulative with dividends | -4.5% | -69.2% |
| 10-Year ReturnCumulative with dividends | +81.8% | -29.0% |
| CAGR (3Y)Annualised 3-year return | -4.3% | -23.9% |
MGM leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — MGM and MLCO each lead in 1 of 2 comparable metrics.
Risk & Volatility
MLCO is the less volatile stock with a 1.11 beta — it tends to amplify market swings less than MGM's 1.28 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MGM currently trades 93.1% from its 52-week high vs MLCO's 55.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | MGMMGM Resorts Inter… | MLCOMelco Resorts & E… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.28x | 1.11x |
| 52-Week HighHighest price in past year | $40.94 | $10.15 |
| 52-Week LowLowest price in past year | $29.19 | $5.22 |
| % of 52W HighCurrent price vs 52-week peak | +93.1% | +55.2% |
| RSI (14)Momentum oscillator 0–100 | 50.0 | 43.2 |
| Avg Volume (50D)Average daily shares traded | 4.4M | 1.6M |
Evenly matched — MGM and MLCO each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates MGM as "Buy" and MLCO as "Buy". Consensus price targets imply 69.6% upside for MLCO (target: $10) vs 4.2% for MGM (target: $40).
| Metric | MGMMGM Resorts Inter… | MLCOMelco Resorts & E… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $39.71 | $9.50 |
| # AnalystsCovering analysts | 36 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | +0.0% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | — | $0.00 |
| Buyback YieldShare repurchases ÷ mkt cap | +12.6% | +7.3% |
Insufficient data to determine a leader in this category.
Key Takeaway
MLCO leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). MGM leads in 1 (Total Returns). 1 tied.
Best OverallMelco Resorts & Entertainme… (MLCO)Leads 3 of 6 categories
Loading custom metrics...
MGM vs MLCO: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MGM or MLCO a better buy right now?
For growth investors, Melco Resorts & Entertainment Limited (MLCO) is the stronger pick with 11.
3% revenue growth year-over-year, versus 1. 7% for MGM Resorts International (MGM). Melco Resorts & Entertainment Limited (MLCO) offers the better valuation at 12. 4x trailing P/E (11. 0x forward), making it the more compelling value choice. Analysts rate MGM Resorts International (MGM) a "Buy" — based on 36 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MGM or MLCO?
On trailing P/E, Melco Resorts & Entertainment Limited (MLCO) is the cheapest at 12.
4x versus MGM Resorts International at 50. 1x. On forward P/E, Melco Resorts & Entertainment Limited is actually cheaper at 11. 0x.
03Which is the better long-term investment — MGM or MLCO?
Over the past 5 years, MGM Resorts International (MGM) delivered a total return of -4.
5%, compared to -69. 2% for Melco Resorts & Entertainment Limited (MLCO). Over 10 years, the gap is even starker: MGM returned +81. 8% versus MLCO's -29. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MGM or MLCO?
By beta (market sensitivity over 5 years), Melco Resorts & Entertainment Limited (MLCO) is the lower-risk stock at 1.
11β versus MGM Resorts International's 1. 28β — meaning MGM is approximately 15% more volatile than MLCO relative to the S&P 500.
05Which is growing faster — MGM or MLCO?
By revenue growth (latest reported year), Melco Resorts & Entertainment Limited (MLCO) is pulling ahead at 11.
3% versus 1. 7% for MGM Resorts International (MGM). On earnings-per-share growth, the picture is similar: Melco Resorts & Entertainment Limited grew EPS 350. 0% year-over-year, compared to -68. 3% for MGM Resorts International. Over a 3-year CAGR, MLCO leads at 56. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MGM or MLCO?
Melco Resorts & Entertainment Limited (MLCO) is the more profitable company, earning 3.
6% net margin versus 1. 2% for MGM Resorts International — meaning it keeps 3. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MLCO leads at 11. 6% versus 5. 7% for MGM. At the gross margin level — before operating expenses — MGM leads at 44. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MGM or MLCO more undervalued right now?
On forward earnings alone, Melco Resorts & Entertainment Limited (MLCO) trades at 11.
0x forward P/E versus 22. 1x for MGM Resorts International — 11. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MLCO: 69. 6% to $9. 50.
08Which pays a better dividend — MGM or MLCO?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is MGM or MLCO better for a retirement portfolio?
For long-horizon retirement investors, Melco Resorts & Entertainment Limited (MLCO) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
11)). Both have compounded well over 10 years (MLCO: -29. 0%, MGM: +81. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MGM and MLCO?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: MGM is a small-cap quality compounder stock; MLCO is a small-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(MGM: 4.2% · MLCO: 8.6%)P/E Ratio<
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