Skip to content
MGM Resorts International logo

MGM Resorts International

MGM

MGM Resorts International is a global gaming and entertainment company that operates a portfolio of premier destination resorts, including hotels, casinos, and state-of-the-art meeting spaces.

Market cap
$11.64B+11.6%
Revenue$17.7B+3.4%
Net income$182.4M-73.1%
Free cash flow$1.6B+34.7%
EPS (diluted)$0.69-69.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 4 days)
Revenue estimate$4.4B
EPS estimate$0.56

Financials

Q1 2026

Income statement

See full
Revenue$4.5B+4.2%
Operating income$301.2M-21.8%
Net income$125.1M-15.8%
EPS (diluted)$0.48-5.9%

Balance sheet

See full
Cash & equivalents$2.3B+1.0%
Total debt$31.7B-0.6%
Total equity$2.4B-14.7%
Total assets$41.4B-1.2%

Cash flow

See full
Operating cash flow$567.8M+3.8%
CapEx$154.7M-32.2%
Free cash flow$413.1M+29.5%

Valuation & ratios

Valuation

See full
Market cap$11.64B+11.6%
Enterprise value$41.04B+2.4%
P/E63.8×+44.5×
P/S0.7×+0.1×

Profitability

See full
Operating margin5.2%-3.1pp
Net margin1%-2.9pp
FCF margin8.8%+2.0pp

Returns & leverage

See full
Return on equity6.9%-14.6pp
Debt / equity13×+1.9×
Current ratio1.3×0.0×

Segments

By product

See full
Casino$2.4B+5.6%
Rooms$867.9M+0.5%
Food and beverage$804.8M+4.5%
Entertainment, retail and other$403.2M+3.0%

By segment

See full
Las Vegas Strip Resorts$2.2B+0.2%
MGM China$1.1B+9.2%
Regional Operations$917.9M+1.9%

Competitors

Profile

MGM Resorts International is a global gaming and entertainment company that operates a portfolio of premier destination resorts, including hotels, casinos, and state-of-the-art meeting spaces. The company provides a diverse range of luxury experiences through live entertainment, high-end dining, and retail, while also maintaining a significant presence in the global online sports betting and iGaming markets. Its core value proposition centers on an asset-light business model focused on high-quality integrated resorts and a scaled digital gaming ecosystem.

Competitive position

A leading global operator of high-end integrated resorts with a dominant presence on the Las Vegas Strip and a growing international digital footprint.

GeographiesUnited States, Macau, Europe, Japan, United Arab Emirates
Customer segmentsHigh-net-worth individuals, Leisure travelers, Corporate convention groups, Digital consumers
Business modelAsset-light, Integrated Resort Operations, B2C Digital Gaming, Management Services
SuppliersReal estate investment trusts (REITs) for property leasing, Gaming equipment manufacturers, Technology and software providers, Food and beverage suppliers
CustomersIndividual leisure travelers, Professional gamblers, Corporate event planners, Online gaming participants
Listed1997
Employees63.0K
CEOWilliam Joseph Hornbuckle
FilingsSEC EDGAR

Questions, answered.

What is MGM Resorts International's market cap?
MGM Resorts International (MGM) has a market capitalization of $11.6B and trades on NYSE.
What is MGM Resorts International's revenue and profitability?
MGM Resorts International generated $17.7B in trailing twelve-month revenue with net income of $182.4M, representing a net margin of 1.0%, with free cash flow of $1.6B. These figures are based on the Q1 2026 filing.
Who are MGM Resorts International's competitors?
MGM Resorts International's key competitors include Las Vegas Sands, Wynn Resorts, Caesars Entertainment, and others. These companies compete in similar markets and product categories.
Who does MGM Resorts International partner with?
MGM Resorts International's notable partners include Entain plc, Wasl Hospitality, Osaka Prefecture and Osaka City.
What subsidiaries does MGM Resorts International have?
MGM Resorts International's subsidiaries include MGM China Holdings Limited, LeoVegas, MGM Grand Paradise, S.A..
Where is MGM Resorts International headquartered?
MGM Resorts International is headquartered in United States of America and employs approximately 63,000 people. It has been publicly traded since 1997.