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 9/24/2026, 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 |
MGM Resorts International (NYSE: MGM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the twenty-two analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have given
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Corient Private Wealth LP lowered its stake in MGM Resorts International (NYSE: MGM) by 15.1% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,343 shares of the company's stock after selling 42,948 shares during the period.
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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 |
|---|---|---|---|---|---|---|---|
| $37.85 | $9.52B | 49.80 | 1.72% | 1.18% | 5.9% | — | |
| $39.19 | $25.38B | 16.68 | 15.22% | 12.79% | 108.81% | — | |
| $81.45 | $8.45B | 25.94 | 0.14% | 6.05% | — | — | |
| $29.61 | $6.03B | -12.24 | 2.14% | -3.81% | -11.99% | — | |
| $4.72 | $1.83B | 10.49 | 11.32% | 4.5% | — | — | |
| $71.74 | $5.21B | 3.18 | 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.
