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Net debt / EBITDA at other companies

Churchill Downs logo
Churchill DownsCHDN
2.1×+0.3×
Boyd Gaming logo
Boyd GamingBYD
2.4×-0.8×
Monarch Casino & Resort logo
Monarch Casino & ResortMCRI
-0.7×+1.8×
PENN Entertainment, Inc. logo
PENN Entertainment, Inc.PENN
22.4×
Wynn Resorts logo
Wynn ResortsWYNN
6.1×-0.4×
Las Vegas Sands logo
Las Vegas SandsLVS
-0.3×

Other financials

Income statement

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Revenue$4.5B+1.0%
Operating income$503.6M+24.5%
Net income$292.4M+497%
EPS (diluted)$1.11+517%

Balance sheet

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Cash & equivalents$2.5B+30.1%
Total debt$30.2B-4.5%
Total equity$2.5B-15.5%
Total assets$39.8B-4.4%

Cash flow

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Operating cash flow$558.8M-13.5%
CapEx$241.4M-10.1%
Free cash flow$317.4M-15.9%

Valuation

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Market cap$11.39B+19.2%
Enterprise value$39B-0.5%
P/E26.7×+9.0×
P/S0.6×+0.1×

Profitability

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Operating margin5.7%-2.4pp
Net margin2.4%-0.7pp
FCF margin8.4%+0.9pp

Returns & leverage

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Return on equity15.5%-1.9pp
Debt / equity12×+1.4×
Current ratio1.3×+0.1×

Where this comes from

Calculated from MGM Resorts International’s reported figures.

Based on the most recent quarter.

The source filing: MGM Resorts International’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000789570-26-000076

FAQ

What is MGM Resorts International's net debt / EBITDA?
MGM Resorts International (MGM) reported net debt / EBITDA of 13.1× in Q2 2026.
How has MGM Resorts International's net debt / EBITDA changed year-over-year?
MGM Resorts International's net debt / EBITDA increased by 2.7% year-over-year, from 12.8× to 13.1×.
What is the long-term trend for MGM Resorts International's net debt / EBITDA?
Over 5 years (2020 to 2025), MGM Resorts International's net debt / EBITDA has grown at a -12.2% compound annual growth rate (CAGR), from 28× to 14.6×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

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