MGM Resorts exhibits a bifurcated profile: robust operating cash flow (averaging $620M quarterly) and disciplined buybacks ($2.8B over ten quarters) contrast with a strained balance sheet (D/E 8.84) and eroding margins (gross margin down 180bps since Q2 2024)....
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue has plateaued near $4.5B with Q2 2026 growth of only 1% YoY, while gross margin compressed 180bps to 44.5% and SG&A rose 16% YoY, leading to volatile operating income that swung from a -$112.9M loss in Q3 2025 to a $503.6M record in Q2 2026.
MGM Resorts is transitioning to an asset-light model, which reduces capital intensity and improves return on invested capital.
MGM's well-known brand and prime real estate locations provide a competitive advantage and pricing power.
The company's disciplined approach to share repurchases enhances shareholder value and supports earnings per share growth.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 29, 2026 | $0.59+5.5% vs $0.56 | $4.5B+0.8% vs $4.4B |
Q2 2026 Apr 29, 2026 | $0.49-1.3% vs $0.50 | $4.5B+2.0% vs $4.4B |
Q1 2026 Feb 5, 2026 | $1.60+150.0% vs $0.64 | $4.6B+2.5% vs $4.5B |
Q4 2025 Oct 29, 2025 | $0.24-35.1% vs $0.37 | $4.3B-3.8% vs $4.4B |
The Wall Street Journal reported MGM was exploring an offer for People Inc. after People Inc. last week withdrew its $48.30-per-share proposal to buy the rest of MGM. Hornbuckle said MGM would continue pursuing what is in the best interest of shareholders and "trying to unlock the value of a company that we think is grossly undervalued.
VICI Properties stock has shed nearly a quarter of its value in a year, yet the company just raised its dividend again.
LAS VEGAS, Sept. 28, 2026 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the third quarter 2026 after the market closes on Wednesday, October 28, 2026.
Rave Restaurant Group (NASDAQ: RAVE - Get Free Report) and MGM Resorts International (NYSE: MGM - Get Free Report) are both consumer discretionary companies, but which is the superior business? We will compare the two companies based on the strength of their analyst recommendations, valuation, dividends, institutional ownership, profitability, earnings and risk. Profitability This table compares Rave
Benchmark MGM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for MGM Resorts International (MGM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $30.48 | $7.67B | 40.11 | 1.72% | 1.18% | 5.9% | — | |
| $36.23 | $23.47B | 15.42 | 15.22% | 12.79% | 108.81% | — | |
| $75.88 | $7.88B | 24.17 | 0.14% | 6.05% | — | — | |
| $29.65 | $6.04B | -12.25 | 2.14% | -3.81% | -11.99% | — | |
| $4.19 | $1.63B | 9.31 | 11.32% | 4.5% | — | — | |
| $67.25 | $4.89B | 2.98 | 4.12% | 44.34% | 70.52% | — |
MGM Resorts International (MGM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
MGM Resorts International (MGM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 29, 2026·SEC
May 14, 2026·SEC
May 8, 2026·SEC
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MGM Resorts International (MGM) stock FAQ — growth, dividends, profitability & financials explained
MGM Resorts International (MGM) reported $17.76B in revenue for fiscal year 2025. This represents a 2107% increase from $804.8M in 1996.
MGM Resorts International (MGM) grew revenue by 1.7% over the past year. Growth has been modest.
Yes, MGM Resorts International (MGM) is profitable, generating $426.3M in net income for fiscal year 2025 (1.2% net margin).
MGM Resorts International (MGM) has a return on equity (ROE) of 5.9%. This is below average, suggesting room for improvement.
MGM Resorts International (MGM) generated $1.67B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
