MGM Chart
About

MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. It operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The company operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms. Its casino operations include slots and table games, as well as live dealer, online sports betting, and iGaming through BetMGM. The company's customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.

Fundamentals
Scroll to Statements
Sector Consumer Cyclical Industry Resorts & Casinos Market Cap 9.59B
Enterprise Value 39.09B Income 211.09M Sales 17.54B
Book/sh 9.41 Cash/sh 8.88 Dividend Yield —
Payout 0.00% Employees 60000 IPO —
P/E 46.12 Forward P/E 13.95 PEG —
P/S 0.55 P/B 3.73 P/C —
EV/EBITDA 16.60 EV/Sales 2.23 Quick Ratio 1.03
Current Ratio 1.23 Debt/Eq 963.09 LT Debt/Eq —
EPS (ttm) 0.76 EPS next Y 2.51 EPS Growth 115.70%
Revenue Growth 6.00% Earnings 2026-04-29 ROA 2.00%
ROE 14.89% ROIC — Gross Margin 44.42%
Oper. Margin 7.06% Profit Margin 1.17% Shs Outstand 255.83M
Shs Float 186.54M Short Float 16.57% Short Ratio 5.79
Short Interest — 52W High 40.16 52W Low 25.30
Beta 1.40 Avg Volume 4.51M Volume 3.28M
Target Price $42.61 Recom Buy Prev Close $34.25
Price $35.05 Change 2.34%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$42.61
Mean price target
2. Current target
$35.05
Latest analyst target
3. DCF / Fair value
$33.63
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$35.05
Low
$31.00
High
$62.00
Mean
$42.61

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-09 main Citigroup Neutral → Neutral $41
2026-02-06 main JP Morgan Neutral → Neutral $41
2026-02-06 main Stifel Buy → Buy $50
2026-02-06 main Truist Securities Hold → Hold $39
2026-02-06 main Macquarie Outperform → Outperform $46
2026-01-16 down Morgan Stanley Equal-Weight → Underweight $33
2026-01-13 down Truist Securities Buy → Hold $38
2026-01-02 main Truist Securities Buy → Buy $45
2025-12-17 down Barclays Overweight → Equal-Weight $38
2025-11-21 down Citigroup Buy → Neutral $35
2025-11-18 init Wells Fargo — → Underweight $29
2025-11-17 main UBS Neutral → Neutral $37
2025-10-30 main JP Morgan Neutral → Neutral $38
2025-10-30 main Citigroup Buy → Buy $48
2025-10-30 main Barclays Overweight → Overweight $42
2025-10-30 main Truist Securities Buy → Buy $47
2025-10-22 main Stifel Buy → Buy $47
2025-10-21 main Truist Securities Buy → Buy $48
2025-10-16 main JP Morgan Neutral → Neutral $41
2025-10-13 main Mizuho Outperform → Outperform $58
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1098748 39884552.0 — Purchase at price 36.30 per share. IAC INC. Beneficial Owner of more than 10% of a Class of Security — 2025-12-05 00:00:00 D
1 15005 nan — — FRITZ GARY M Officer — 2025-12-01 00:00:00 D
2 32441 nan — — HORNBUCKLE WILLIAM J IV Officer and Director — 2025-10-07 00:00:00 D
3 1379 nan — — MEINERT TODD Officer — 2025-10-07 00:00:00 D
4 8921 nan — — HALKYARD JONATHAN S Chief Financial Officer — 2025-10-07 00:00:00 D
5 7299 nan — — MCMANUS JOHN M Officer — 2025-10-07 00:00:00 D
6 12165 nan — — FRITZ GARY M Officer — 2025-10-07 00:00:00 D
7 12165 nan — — SANDERS COREY IAN Chief Operating Officer — 2025-10-07 00:00:00 D
8 140610 — — Stock Award(Grant) at price 0.00 per share. HORNBUCKLE WILLIAM J IV Chief Executive Officer — 2025-10-03 00:00:00 D
9 50651 nan — — HORNBUCKLE WILLIAM J IV Chief Executive Officer — 2025-10-03 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-58.57M0.0042.67M702.35M
TaxRateForCalcs0.210.050.110.21
NormalizedEBITDA2.00B2.39B2.35B1.64B
TotalUnusualItems-278.93M0.00398.79M3.34B
TotalUnusualItemsExcludingGoodwill-278.93M0.00398.79M3.34B
NetIncomeFromContinuingOperationNetMinorityInterest205.86M746.56M1.14B1.47B
ReconciledDepreciation1.02B831.10M814.13M3.48B
ReconciledCostOfRevenue9.75B9.39B8.55B6.65B
EBITDA1.72B2.39B2.75B4.98B
EBIT699.82M1.56B1.93B1.50B
NetInterestIncome-419.04M-443.23M-460.29M-594.95M
InterestExpense419.04M443.23M460.29M594.95M
NormalizedIncome426.21M746.56M786.06M-1.17B
NetIncomeFromContinuingAndDiscontinuedOperation205.86M746.56M1.14B1.47B
TotalExpenses16.20B15.57B14.58B14.84B
TotalOperatingIncomeAsReported1.00B1.49B1.89B1.44B
DilutedAverageShares310.23M358.63M412.99M487.36M
BasicAverageShares307.41M354.93M409.20M481.93M
DilutedEPS2.403.193.492.41
BasicEPS2.423.223.522.44
DilutedNIAvailtoComStockholders211.09M743.65M1.14B1.44B
AverageDilutionEarnings0.00
NetIncomeCommonStockholders211.09M743.65M1.14B1.44B
OtherunderPreferredStockDividend-5.23M2.91M-2.13M31.89M
NetIncome205.86M746.56M1.14B1.47B
MinorityInterests-315.01M-318.05M-172.74M1.27B
NetIncomeIncludingNoncontrollingInterests520.87M1.06B1.31B206.73M
NetIncomeContinuousOperations520.87M1.06B1.31B206.73M
TaxProvision-240.09M52.46M157.84M697.07M
PretaxIncome280.78M1.12B1.47B903.80M
OtherIncomeExpense-638.03M-110.10M349.55M3.21B
OtherNonOperatingIncomeExpenses-430.22M-18.71M13.90M51.17M
SpecialIncomeCharges-278.93M0.00398.79M1.07B
GainOnSaleOfPPE-29.79M67.74M
GainOnSaleOfBusiness0.000.00398.79M1.07B
OtherSpecialCharges89.29M28.69M31.66M-62.64M
ImpairmentOfCapitalAssets278.93M0.000.00
RestructuringAndMergernAcquisition0.000.00-1.56B
EarningsFromEquityInterest71.12M-91.39M-63.14M-183.67M
GainOnSaleOfSecurity2.28B
NetNonOperatingInterestIncomeExpense-419.04M-443.23M-460.29M-594.95M
InterestExpenseNonOperating419.04M443.23M460.29M594.95M
OperatingIncome1.34B1.67B1.58B-1.71B
OperatingExpense6.45B6.18B6.03B8.19B
OtherOperatingExpenses556.95M520.20M512.40M479.12M
DepreciationAmortizationDepletionIncomeStatement1.02B831.10M814.13M3.48B
DepreciationAndAmortizationInIncomeStatement1.02B831.10M814.13M3.48B
SellingGeneralAndAdministration4.88B4.83B4.70B4.23B
GeneralAndAdministrativeExpense4.88B4.83B4.70B4.23B
OtherGandA4.88B4.83B4.70B4.23B
GrossProfit7.79B7.85B7.61B6.47B
CostOfRevenue9.75B9.39B8.55B6.65B
TotalRevenue17.54B17.24B16.16B13.13B
OperatingRevenue17.54B17.24B16.16B13.13B
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber258.32M294.37M326.55M379.09M
ShareIssued258.32M294.37M326.55M379.09M
NetDebt4.17B3.95B3.42B2.81B
TotalDebt31.38B31.61B31.56B33.99B
TangibleBookValue-3.83B-3.84B-3.08B-1.75B
InvestedCapital8.66B9.39B10.15B13.55B
WorkingCapital820.32M1.01B1.78B3.64B
NetTangibleAssets-3.83B-3.84B-3.08B-1.75B
CapitalLeaseObligations25.15B25.25B25.21B25.28B
CommonStockEquity2.43B3.02B3.81B4.83B
TotalCapitalization8.66B9.39B10.15B12.26B
TotalEquityGrossMinorityInterest3.28B3.72B4.37B5.37B
MinorityInterest846.40M696.48M556.33M536.94M
StockholdersEquity2.43B3.02B3.81B4.83B
GainsLossesNotAffectingRetainedEarnings320.50M-61.22M143.90M33.50M
OtherEquityAdjustments320.50M-61.22M143.90M33.50M
RetainedEarnings2.11B3.08B3.66B4.79B
AdditionalPaidInCapital0.000.000.000.00
CapitalStock2.58M2.94M3.27M3.79M
CommonStock2.58M2.94M3.27M3.79M
TotalLiabilitiesNetMinorityInterest38.10B38.51B38.00B40.32B
TotalNonCurrentLiabilitiesNetMinorityInterest34.59B35.16B34.87B35.81B
OtherNonCurrentLiabilities775.41M910.09M542.71M256.28M
PreferredSecuritiesOutsideStockEquity147.55M
NonCurrentDeferredLiabilities2.62B2.81B2.86B2.97B
NonCurrentDeferredTaxesLiabilities2.62B2.81B2.86B2.97B
LongTermDebtAndCapitalLeaseObligation31.19B31.44B31.47B32.58B
LongTermCapitalLeaseObligation24.96B25.08B25.13B25.15B
LongTermDebt6.23B6.36B6.34B7.43B
CurrentLiabilities3.51B3.35B3.13B4.52B
OtherCurrentLiabilities25.58M539.83M14.07M
CurrentDeferredLiabilities621.40M596.43M566.22M612.22M
CurrentDeferredRevenue621.40M596.43M566.22M612.22M
CurrentDebtAndCapitalLeaseObligation182.92M172.21M84.15M1.41B
CurrentCapitalLeaseObligation182.92M172.21M84.15M126.40M
CurrentDebt60.17M1.29B1.00B
OtherCurrentBorrowings60.17M1.29B1.00B
PayablesAndAccruedExpenses2.68B2.58B2.48B1.95B
CurrentAccruedExpenses1.90B1.79B1.62B1.37B
InterestPayable71.84M69.92M60.17M83.45M
Payables786.25M795.50M852.61M581.57M
OtherPayable23.10M
DividendsPayable0.0082.29M
TotalTaxPayable364.75M382.84M390.89M211.76M
AccountsPayable421.50M412.66M461.72M369.82M
TotalAssets41.37B42.23B42.37B45.69B
TotalNonCurrentAssets37.04B37.87B37.46B37.54B
OtherNonCurrentAssets848.55M858.98M849.87M1.03B
NonCurrentDeferredAssets89.79M39.59M0.00
NonCurrentDeferredTaxesAssets89.79M39.59M0.00
InvestmentsAndAdvances536.07M380.63M240.80M173.04M
LongTermEquityInvestment536.07M380.63M240.80M173.04M
InvestmentsinAssociatesatCost536.07M380.63M240.80M173.04M
GoodwillAndOtherIntangibleAssets6.26B6.86B6.89B6.58B
OtherIntangibleAssets1.36B1.72B1.72B1.55B
Goodwill4.90B5.15B5.17B5.03B
NetPPE29.31B29.73B29.48B29.75B
AccumulatedDepreciation-6.11B-5.64B-5.18B-4.91B
GrossPPE35.42B35.37B34.65B34.67B
ConstructionInProgress379.56M600.95M506.24M647.26M
OtherProperties23.24B23.84B24.11B24.68B
MachineryFurnitureEquipment5.66B5.30B4.63B4.39B
BuildingsAndImprovements5.66B5.15B4.91B4.51B
LandAndImprovements484.07M484.34M489.71M438.95M
Properties0.000.000.000.00
CurrentAssets4.33B4.36B4.91B8.15B
OtherCurrentAssets486.42M478.58M770.50M583.13M
AssetsHeldForSaleCurrent315.38M0.000.00608.44M
RestrictedCash0.00500.00M
PrepaidAssets258.97M
Inventory124.53M140.56M141.68M126.06M
Receivables1.34B1.33B1.07B925.16M
TaxesReceivable220.15M257.51M141.44M73.02M
AccountsReceivable1.12B1.07B929.13M852.15M
AllowanceForDoubtfulAccountsReceivable-139.21M-135.15M-130.48M-113.27M
GrossAccountsReceivable1.26B1.21B1.06B965.41M
CashCashEquivalentsAndShortTermInvestments2.06B2.42B2.93B5.91B
CashAndCashEquivalents2.06B2.42B2.93B5.91B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.46B1.21B1.76B991.39M
RepurchaseOfCapitalStock-1.23B-1.36B-2.29B-2.78B
RepaymentOfDebt-500.00M-2.17B-1.29B-1.07B
IssuanceOfDebt353.78M2.10B0.000.00
IssuanceOfCapitalStock0.000.00792.85M
CapitalExpenditure-1.07B-1.15B-931.81M-765.07M
InterestPaidSupplementalData389.13M406.26M452.16M573.63M
IncomeTaxPaidSupplementalData267.00M344.40M22.95M43.02M
EndCashPosition2.15B2.50B3.01B6.04B
OtherCashAdjustmentOutsideChangeinCash-14.61M0.0025.94M-25.94M
BeginningCashPosition2.50B3.01B6.04B5.20B
EffectOfExchangeRateChanges4.41M-26.88M-19.40M8.93M
ChangesInCash-342.50M-484.95M-3.03B850.34M
FinancingCashFlow-1.73B-1.56B-5.00B-3.02B
CashFlowFromContinuingFinancingActivities-1.73B-1.56B-5.00B-3.02B
NetOtherFinancingCharges-363.21M-235.81M-329.81M-322.97M
CashDividendsPaid0.000.00-4.05M-4.79M
CommonStockDividendPaid0.000.00-4.05M-4.79M
NetCommonStockIssuance-1.23B-1.36B-2.29B-2.78B
CommonStockPayments-1.23B-1.36B-2.29B-2.78B
CommonStockIssuance0.000.00792.85M
NetIssuancePaymentsOfDebt-139.62M29.42M-2.38B77.94M
NetShortTermDebtIssuance6.61M104.42M-1.10B1.15B
ShortTermDebtPayments-2.10B
NetLongTermDebtIssuance-146.22M-75.00M-1.29B-1.07B
LongTermDebtPayments-500.00M-2.17B-1.29B-1.07B
LongTermDebtIssuance353.78M2.10B0.000.00
InvestingCashFlow-1.14B-1.28B-714.17M2.12B
CashFlowFromContinuingInvestingActivities-1.14B-1.28B-714.17M2.12B
NetOtherInvestingChanges152.52M46.11M
DividendsReceivedCFI207.27M2.32M8.34M10.36M
NetInvestmentPurchaseAndSale-48.49M147.88M-125.95M-523.36M
NetInvestmentPropertiesPurchaseAndSale0.000.004.37B3.89B
SaleOfInvestmentProperties0.000.004.37B3.89B
NetBusinessPurchaseAndSale-237.76M-295.96M-283.10M-2.14B
SaleOfBusiness0.00
PurchaseOfBusiness-237.76M-295.96M-283.10M-2.14B
NetPPEPurchaseAndSale7.11M13.18M465.82M1.17B
SaleOfPPE7.11M13.18M465.82M1.17B
CapitalExpenditureReported-1.07B-1.15B-931.81M-765.07M
OperatingCashFlow2.53B2.36B2.69B1.76B
CashFlowFromContinuingOperatingActivities2.53B2.36B2.69B1.76B
DividendReceivedCFO17.15M21.93M20.12M37.44M
ChangeInWorkingCapital-104.71M-361.56M152.95M128.20M
ChangeInOtherWorkingCapital47.65M-132.84M-58.49M197.10M
ChangeInPayablesAndAccruedExpense-82.37M-107.39M410.13M183.84M
ChangeInPrepaidAssets4.45M35.06M-50.88M-14.42M
ChangeInInventory15.68M1.27M-15.52M-26.63M
ChangeInReceivables-90.11M-157.66M-132.29M-211.69M
ChangesInAccountReceivables-90.11M-157.66M-132.29M-211.69M
OtherNonCashItems527.97M666.79M583.18M436.25M
StockBasedCompensation90.47M80.22M73.61M71.30M
ProvisionandWriteOffofAssets61.13M61.09M48.98M22.74M
AssetImpairmentCharge278.93M0.000.00
DeferredTax-245.56M-85.12M-117.28M496.19M
DeferredIncomeTax-245.56M-85.12M-117.28M496.19M
DepreciationAmortizationDepletion1.02B831.10M814.13M3.48B
DepreciationAndAmortization1.02B831.10M814.13M3.48B
OperatingGainsLosses365.34M83.44M-199.84M-3.12B
EarningsLossesFromEquityInvestments-71.12M91.39M63.14M183.67M
GainLossOnInvestmentSecurities22.42M32.24M1.11M-2.29B
NetForeignCurrencyExchangeGainLoss288.00M-128.59M106.43M19.08M
GainLossOnSaleOfPPE126.04M81.32M-370.51M-1.04B
NetIncomeFromContinuingOperations520.87M1.06B1.31B206.73M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MGM
Date User Asset Broker Type Position Size Entry Price Patterns