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MGM Resorts International

(NYSE) MGM

Current Price$46.48
Market Cap$12.00BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1989)+1,174%
5 Year+24%
1 Year+26%
1 Month-2%
MGM Resorts International last closing stock price
MetricPriceDate
Last closeUSD 46.902026-07-16
MGM Resorts International stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.99%USD 46.442026-07-09
1 month-2.25%USD 47.982026-06-16
3 month+21.53%USD 38.592026-04-17
Year to date+28.53%USD 36.492025-12-31
1 year+25.74%USD 37.302025-07-16
3 year-2.68%USD 48.192023-07-17
5 year+23.7%USD 37.912021-07-16
Since inception+1,173.96%USD 3.681989-12-13

MGM Resorts International Financials at a Glance

Market Cap

$12.00BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$17.72B

Net Income (TTM)

$182.83M

EPS (TTM)

$0.73

P/E Ratio

64.69

Dividend

$0.00

Beta (Volatility)

1.39 (Average)

Price

$46.48

Volume

36,777

Open

$46.62

Previous Close

$46.90

Daily Range

$46.29 - $46.69

52-Week Range

$29.19 - $51.59

Estimated Earnings Date

Jul 29, 2026

About MGM Resorts International

MGM Resorts runs a global network of luxury hotels and casinos that offer gaming and live shows. These destinations help vacationers find high-quality lodging and entertainment in major cities. The company also lets people bet on sports and play games through its mobile apps.

What MGM Does

  • Las Vegas Strip Resorts: Operates major casino resorts including Bellagio, MGM Grand, and Mandalay Bay; focuses on lodging, dining, and live entertainment.
  • Regional Operations: Manages casino properties in various U.S. states such as Michigan, New Jersey, and Maryland; gaming operations typically provide most of this segment's revenue.
  • MGM China: Runs two large casino resorts in Macau through a 56% ownership stake; generates income primarily through gaming activities.
  • MGM Digital: Provides international online gaming and sports betting through the LeoVegas brand and a 50% stake in BetMGM.

Recent Business Moves

  • Acquired LeoVegas to expand the company's digital presence in international markets including Europe and Brazil.
  • Began preliminary site construction in 2024 for a new integrated resort project in Osaka, Japan through MGM Osaka.
  • Signed an agreement in September 2023 with Wasl Hospitality to bring the Bellagio and MGM Grand brands to Dubai.
  • Sold the operations of the Gold Strike Tunica property in February 2023 as part of a strategy to focus on higher-growth assets.

Standing Out in a Crowd

MGM uses an asset-light model by leasing its physical buildings, which frees up cash to invest in digital platforms and new international markets. Its MGM Rewards program connects physical casino visits with online betting to keep customers engaged across different platforms.

Performance by the Numbers

  • Total revenue reached $4.6 billion in Q4 2025, a 6% increase from $4.3 billion in Q4 2024.
  • Net income rose 86.7% to $294 million in Q4 2025 compared to $157.4 million in the prior year.
  • Operating cash flow grew to $832.4 million in Q4 2025, up 23.9% from $671.6 million in Q4 2024.
  • Free cash flow hit $535.9 million in Q4 2025, representing a 100.3% increase year-over-year.

Bottom Line

MGM has shifted from owning real estate to focusing on global digital gaming and international resort development. This evolution allows the company to move capital quickly into new growth areas like Japan and online sports betting.

AI Generated • Apr 21, 2026

Industry

Hotels, Restaurants and Leisure

Employees

78,000

CEO

William Joseph Hornbuckle, IV

Headquarters

Las Vegas, NV 89109, US

MGM Financials

Key Financial Metrics (TTM)

Gross Margin

44.16%

Operating Margin

5.18%

Net Income Margin

1.03%

Return on Equity

6.96%

Return on Capital

1.71%

Return on Assets

0.44%

Earnings Yield

1.55%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$12.00BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

255.85M

Volume

36.78K

Avg. Volume

4.63M

Financials (TTM)

Gross Profit

$7.82B

Operating Income

$917.97M

EBITDA

$1.67B

Operating Cash Flow

$2.73B

Capital Expenditure

-$995.55M

Free Cash Flow

$1.73B

Cash & ST Invst.

$2.29B

Total Debt

$31.34B

MGM Resorts International Performance Analysis

MGM Resorts International annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 13,127,485,00035.6%
20232023-12-31USD 16,164,249,00023.1%
20242024-12-31USD 17,240,545,0006.7%
20252025-12-31USD 17,537,683,0001.7%
MGM Resorts International sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-303.0%
Q32025-09-30-3.5%
Q42025-12-318.3%
Q12026-03-31-3.3%
MGM Resorts International annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 3.4944.6%
20232023-12-31USD 3.19-8.6%
20242024-12-31USD 2.40-24.9%
20252025-12-31USD 0.76-68.2%
MGM Resorts International sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-64.7%
Q32025-09-30-683.3%
Q42025-12-31205.7%
Q12026-03-31-56.8%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$4.45B

+4.2%

Gross Profit

$1.99B

+1.7%

Gross Margin

44.68%

N/A

Market Cap

$12.00BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$199.99K

N/A

Employees

60,000

N/A

Net Income

$125.14M

-15.8%

EBITDA

$566.66M

-7.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$2.29B

+1.0%

Total Debt

$31.34B

-0.4%

Accounts Receivable

$1.23B

+4.0%

Inventory

$123.16M

-8.8%

Long Term Debt

$31.34B

-0.4%

Short Term Debt

$0.00

N/A

Return on Assets

0.44%

N/A

Return on Invested Capital

2.42%

N/A

Free Cash Flow

$413.13M

+29.5%

Operating Cash Flow

$567.79M

+3.8%

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Questions About MGM

What is the current price of MGM Resorts International?

MGM Resorts International is trading at $46.48 per share.

What is the 52-week range for MGM Resorts International?

Over the past 52 weeks, MGM Resorts International has traded between $29.19 and $51.59.

How much debt does MGM Resorts International have?

As of the most recent reporting period, MGM Resorts International reported total debt of $31.69B.

How much cash does MGM Resorts International have on hand?

MGM Resorts International reported $2.29B in cash and cash equivalents in its most recent financial results.

What is MGM Resorts International’s dividend yield?

MGM Resorts International does not currently have a dividend yield.

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