MGM Resorts International (MGM) Stock

MGM Resorts International (MGM) is a Consumer Discretionary stock trading at $43.18 (as of 2026-08-20), with a market capitalization of $10.86B and a trailing P/E of 25.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MGM Resorts International, through subsidiaries, owns and runs casino, hotel, and entertainment resort properties in the United States and Macau, operating in segments including Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resorts provide gaming and related guest services, with customers that include leisure, business, group, and gaming customers.

Understand MGM Resorts International: how it makes money

MGM Resorts International owns and operates casino, hotel, and entertainment resorts in the United States and Macau, and makes money mainly from casino gaming plus resort amenities, with online sports betting and iGaming offered through BetMGM.

MGM's profit engine is its segment-level resort performance, with segment adjusted EBITDAR reported for Las Vegas Strip Resorts, Regional Operations, and MGM China, while MGM Digital is reported separately and shows an adjusted EBITDAR loss.

Revenue by segment (latest quarter)
Las Vegas$2.4B
Regional$1.0B
MGM China$1.1B

Business quality (Weak): High clarity on operating profitability by resort segment (adjusted EBITDAR), but digital is separately flagged as loss-making and results can be sensitive to casino demand in each geography.

Valuation: At 64× earnings, MGM trades 134% above the Restaurants, Hotels & Motels average (27×). Note: one-time items can distort reported P/E.

Bull case

  • Segment-level operating visibility: MGM reports segment adjusted EBITDAR for Las Vegas Strip Resorts, Regional Operations, and MGM China, helping investors track where operating profit is generated.
  • Diverse mix of destinations and offerings: MGM runs casino resorts with slots and table games, plus hotel, convention, dining, entertainment, and retail, and also operates online sports betting and iGaming through BetMGM.

Bear case

  • Digital appears loss-making: MGM Digital is shown with segment adjusted EBITDAR (loss), implying the digital component is not currently contributing positive operating profit.
  • Geographic exposure to casino markets: MGM's results depend on three resort segments, including MGM China, so disruption in any one segment's casino business can affect consolidated performance.
Valuation — source: SEC EDGAR (first-party)
Price$43.18
Market Cap$10.86B
P/E Ratio25.5
EV / EBITDA6.8
Price / Book3.23
Price / Sales0.61
FCF Yield13.8%
DCF Value (model)$32.34
DCF Upside vs Price-25.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$17.54B
Net Margin1.2%
Revenue Growth (YoY)1.0%
EPS Growth (YoY)522.2%
FCF Growth (YoY)-15.9%
Financial Health — source: SEC EDGAR
Altman Z-Score0.77 (distress)
Valuation vs Sector & Industry
Stock P/E25.5
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Restaurants, Hotels & Motels)26.6
vs Sector24.5%
vs Industry-4.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderDavis Selected Advisers ($899.17M)
Institutional Holders Tracked10
Congressional Trades (recent)3
Company
SectorConsumer Discretionary
IndustryRestaurants, Hotels & Motels
CEOWilliam Joseph Hornbuckle
Employees60,000
CountryUS
IPO Date1988-05-02

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MGM earnings history · MGM institutional & insider holders · MGM KPIs & operating metrics · MGM financials · MGM investor presentations & press releases · MGM SEC filings · MGM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.