MGM Resorts International (MGM) Stock Price Quote, News &…

Summary

MGM Resorts International, through its various divisions, manages and possesses casino, lodging, and entertainment complexes across the United States and Macau. The company's operations are segmented into three main areas: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resort properties offer a comprehensive suite of amenities including gaming facilities, accommodation, convention spaces, dining options, entertainment venues, retail outlets, and more. Beyond traditional slots and table games, its casino activities also encompass online sports wagering and iGaming through its BetMGM platform. As of February 17, 2021, its extensive portfolio comprised 29 distinct hotel and gaming destinations. Notable assets include its properties on the Las Vegas Strip and the Fallen Oak golf course. The company caters to a diverse clientele, including high-stakes gamblers, vacationers, wholesale travel groups, business travelers, and organizational clients such as conventions, trade groups, and small conferences. Originally known as MGM MIRAGE, the firm rebranded to MGM Resorts International in June 2010. Established in 1986, MGM Resorts International is headquartered in Las Vegas, Nevada.

Website

www.mgmresorts.com

Location

Las Vegas, NV, US

Phone702 693 7120

Employees69,000

CEOWilliam Joseph Hornbuckle

Sector

Consumer Discretionary

Industry

Hotels, Restaurants & Leisure

IPO DateMay 2, 1988

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

… hment efforts and following an extensive search process to identify a highly skilled candidate with current executive-level hospitality expertise, the Company announced the appointment of William J. Hornbuckle, Chief Executive Officer and President of MGM Resorts International, to the Board. Mr. Hornbuckle brought more than 35 years of experience in hospitality, resort operations, marketing, strategy, and large-scale integrated resort management.
VAIL RESORTS INCMGM Resorts International·DEFR14A - Definitive revised proxy statement·Q2 27·2 Nov
… ris Knobloch, an international executive specializing in global consumer, media, and hospitality, and current President of the Cannes Film Festival. In August 2026, the Board appointed William Hornbuckle, CEO of MGM Resorts International, who brings decades of hospitality, loyalty, digital innovation, and guest experience expertise. In September 2026, we announced Sue Decker’s intent to step down from the Board after 11 years of service. Our Nomi …
VAIL RESORTS INCMGM Resorts International·DEFA14A - Definitive additional materials·Q1 27·30 Oct
… earch process to identify a highly skilled candidate with current executive-level hospitality expertise, the Company announced the appointment of William J. Hornbuckle, Chief Executive Officer and President of MGM Resorts International, to the Board. Mr. Hornbuckle brought more than 35 years of experience in hospitality, resort operations, marketing, strategy, and large-scale integrated resort management. On August 3, 2026, Mr. Katz had dinne …
VAIL RESORTS INCMGM Resorts International·ARS - Annual report to security holders·FY26·30 Oct
… re forecasted transactions, which could unfavorably impact our future earnings and forecasted cash flows. We do not use derivative instruments for speculative or trading purposes. Concentrations of Credit Risk MGM Resorts International (together with, as the context requires, its subsidiaries, “MGM”) and Caesars are the guarantors of all of the lease payment obligations of the tenants under the applicable leases of the properties that they each …
VICI PROPERTIES INC.MGM Resorts International·10-Q - Quarterly report Q3·Q3 26·28 Oct
… (“Foundation Gaming”), Golden Entertainment LLC (“Golden Entertainment”), Seminole Hard Rock Entertainment, Inc. (“Hard Rock”), JACK Ohio LLC (“JACK Entertainment”), Lucky Strike Entertainment (“Lucky Strike”), MGM Resorts International (“MGM”), PENN Entertainment, Inc. (“PENN Entertainment”), an affiliate (“PURE Tenant”) of Indigenous Gaming Partners Inc. (“IGP”), and an affiliate of certain funds managed by affiliates of Apollo Global Manageme …
VICI PROPERTIES INC.MGM Resorts International·EX-99.2 - 8-K - Results of Operations and Financial Condition·Q4 26·28 Oct
… 1. Other Events.** On October 27, 2026, People Incorporated, a Delaware corporation (“People”), entered into an amendment (the “Amendment”) to the Voting Agreement (the “Voting Agreement”), dated April 3, 2026, MGM Resorts International, a Delaware corporation (“MGM”), and Barry Diller. Except as expressly modified by the Amendment, the terms and conditions of the Voting Agreement, including the termination provisions thereof, remain unchanged a …
People IncMGM Resorts International·8-K - Other Events·Q4 26·28 Oct

Key Stats

Trading

Px/Chg 1D$30.48 / +0.03%

Avg Volume4.91M

Beta0.64

Mkt Cap7.67B

FD Mkt Cap10.54B

Float

Shrs Out/Float251.60M / 182.58M

Short Float0.10%

Days to Cover5.03

Stock Repurchased$88.90M

Current Valuation

EV37.61B

EV/EBITDA22.47

EV/Sales2.12

P/B3.15

P/S0.43

FCF Yield5.39%

ROE5.14%

ROA0.30%

Current Ratio1.33

Dividend

Cash$0.00

Yield2.70%

Yield (TTM)2.70%

Estimates

P/E41.94

Est P/E0.00

Est EPS0.50

Est PEG0.00

Valuation

Metric	5Yr Avg	Apr '23	Apr '24	Apr '25	Apr '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	26.98	12.48	12.26	13.09	35.80	61.28
Price / Sales	1.37	1.40	0.87	0.57	2.29	1.72
Price / Book Value	3.64	3.80	3.67	3.23	4.33	3.15
Price / Free Cash Flow	14.51	18.35	7.92	8.07	19.64	18.56
ENTERPRISE VALUE METRICS
Enterprise Value	46,645.9	47,001.3	43,242.4	39,910.2	65,464.8	37,610.9
Enterprise Value / Sales	6.25	3.58	2.68	2.31	14.22	8.44
Enterprise Value / EBITDA	49.25	9.44	18.04	16.69	135.71	66.37
Enterprise Value / EBIT	105.95	31.36	27.32	25.58	321.33	124.15

Financials

Full Financials

Millions USD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	16%	9,680.1	13,127.5	16,164.2	17,240.5	17,537.7
Gross Income	13.8%	4,649.5	6,474.5	7,610.7	7,847.0	7,790.1
EBITDA	-15.8%	3,412.0	4,980.8	2,397.2	2,391.4	1,717.6
EBIT	-25.4%	2,261.4	1,498.8	1,583.1	1,560.3	699.8
Net Income	-36.3%	1,254.4	1,473.1	1,142.2	746.6	206.3
EPS (Diluted)	-25.1%	2.41	0.50	3.19	2.40	0.76
BALANCE SHEET
Cash & ST Inv	-18.6%	4,703.1	5,911.9	2,927.8	2,415.5	2,063.0
Total Assets	28.9%	40,899.1	45,692.2	42,368.5	42,231.6	41,373.8
Total Liabilities	6.4%	29,774.8	40,323.7	38,001.0	38,511.7	38,097.5
Total Shareholder Equity	-20.5%	6,070.6	4,831.5	3,811.2	3,023.5	2,429.9
CASH FLOW
Net Operating Cash Flow	18.8%	1,373.4	1,766.8	2,699.1	2,362.5	2,736.7
Cap Ex	21.5%	-490.7	-765.1	-931.8	-1,150.6	-1,068.9
Free Cash Flow	17.2%	882.7	1,001.8	1,767.3	1,211.9	1,667.7

Enterprise Value Bridge

Millions USD		23 Oct '26
Price (As of 23 Oct '26)		28.06
Basic Shares		251.60
Market Cap		7,059.9
Diluted Shares		258.88
Fully Diluted Shares Outstanding		258.88
Fully Diluted Market Cap		7,264.1
+Consolidated Debt		31,336.4
−In-the-Money Convertible Debt		—
+Capital Leases		24,933.2
+Operating Leases		—
−Cash & Equivalents		-2,292.8
−Short-term Investments		-
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		898.6
+Pension Liabilities		—
Enterprise Value		37,002.1

Segment data

Revenue

by Products and services

Casino54%
Occupancy19%
Food And Beverage17%
Entertainment Retail And Other9%