MGM Resorts International (MGM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MGM Resorts International

NYSE•Consumer Cyclical•Resorts & Casinos

$30.82+0.86(0.03%)Market open

Market Cap

$7.87B

P/E

11.3x

P/S

0.4x

P/B

3.1x

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.

How this company scores

GoodMetricSide Score: 68/100

Strongest: Cash & Earnings Quality (21/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability18/25

Growth19/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality21/25

Strengths

High ROERising earningsCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.3x5y range 3.7x – 142.9x

Currently near its 20-quarter median.

P/S · 0.4x5y range 0.4x – 2.2x

Currently below its 20-quarter median.

P/B · 3.1x5y range 2.1x – 5.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Leverage Risk

Watch

D/E ratio of 2.3 is elevated. Watch for further debt accumulation.

Price & Volume

Market Cap $7.87B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $17.72B
Q. Revenue: $4.21B
TTM EBITDA: $2.35B
TTM Op. Income: $1.25B
Q. Op. Income: $118.68M
TTM Net Income: $694.07M
Q. Net Income: $-17.11M
EPS: $-0.07
Shares Out.: $251.96M

$17.72B in TTM revenue grew 2.6% YoY, reaching $4.21B last quarter. TTM EBITDA of $2.35B and TTM operating income of $1.25B show growth is flowing through to the bottom line. TTM net income of $694.07M means revenue is converting into profit. Over the past year, TTM revenue is up 3% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 9.4%
Op. Margin: 2.8%
Net Margin: -0.4%

Op. margin of 2.8% is up 5.5% YoY — cost efficiency is improving. Net margin at -0.4% Over the past year, operating margin is up 206% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.3x
P/S Ratio: 0.4x
P/B Ratio: 3.1x

At 11.3x P/E, the stock trades below typical market levels. P/S of 0.4x and P/B of 3.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $39.47B
Cash: $2.40B
Long-Term Debt: $5.67B
Book Value: $2.50B
D/E Ratio: 2.3
Debt/EBITDA: 14.3

With $39.47B in assets and $5.67B in long-term debt, D/E is 2.3and book value is $2.50B — elevated leverage, meaning significant financial risk in a downturn. Across the last 8 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $532.46M
TTM Free Cash Flow: $1.40B
FCF Margin: 7.9%
FCF / Net Income: 2.0

TTM FCF of $1.40B on $532.46M in operating cash flow. The FCF / Net Income ratio of 2.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.