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

$38.31-0.08(<0.01%)After hours

Market Cap

$9.57B

P/E

22.5x

P/S

0.5x

P/B

3.8x

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

AverageMetricSide Score: 59/100

Strongest: Cash & Earnings Quality (25/25); weakest: Balance Sheet & Red Flags (8/25).

Profitability15/25

Growth11/25

Balance Sheet & Red Flags8/25

Cash & Earnings Quality25/25

Strengths

Rising free cash flowHigh ROECash-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 · 22.5x5y range 3.7x – 142.9x

Currently above its 20-quarter median.

P/S · 0.5x5y range 0.5x – 2.6x

Currently below its 20-quarter median.

P/B · 3.8x5y range 2.1x – 4.4x

Watch items

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

High Risk

Margin Pressure

Red Flag

Operating margins dropped 30.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Leverage Risk

Watch

D/E ratio of 2.4 is elevated and rising. Watch for further debt accumulation.

Price & Volume

Market Cap $9.57B

Metrics at a Glance

as of June 2026

Revenue & Profit

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

TTM Revenue: $17.76B
Q. Revenue: $4.45B
TTM EBITDA: $2.10B
TTM Op. Income: $1.02B
Q. Op. Income: $503.64M
TTM Net Income: $425.93M
Q. Net Income: $292.43M
EPS: $1.12
Shares Out.: $254.02M

$17.76B in TTM revenue grew 3.2% YoY, reaching $4.45B last quarter. TTM EBITDA of $2.10B and TTM operating income of $1.02B show growth is flowing through to the bottom line. TTM net income of $425.93M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 17.7%
Op. Margin: 11.3%
Net Margin: 6.6%

Op. margin of 11.3% is up 2.1% YoY — cost efficiency is improving. Net margin at 6.6% Over the past year, operating margin is up 23% — an improving trend.

Price Ratios

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

P/E Ratio: 22.5x
P/S Ratio: 0.5x
P/B Ratio: 3.8x

At 22.5x P/E, the stock trades within typical market levels. P/S of 0.5x and P/B of 3.8x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 29% — an improving trend.

Assets & Liabilities

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

Total Assets: $39.85B
Cash: $2.55B
Long-Term Debt: $6.07B
Book Value: $2.51B
D/E Ratio: 2.4
Debt/EBITDA: 7.7

With $39.85B in assets and $6.07B in long-term debt, D/E is 2.4and book value is $2.51B — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 16% — an improving trend.

Cash Flow

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

Op. Cash Flow: $558.82M
TTM Free Cash Flow: $1.49B
FCF Margin: 8.4%
FCF / Net Income: 3.5

TTM FCF of $1.49B on $558.82M in operating cash flow. The FCF / Net Income ratio of 3.5x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 15% — a weakening trend.