MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio.
It is a $7.36B consumer company. Revenue grew 3.2% over the last year, it keeps 2¢ of every dollar of sales as profit, and its net debt equals ~2.8 years of free cash flow. It trades at 17.3× earnings — around the middle of its own history.
- Website
- mgmresorts.com
- Location
- Las Vegas, NV
- Employees
- 62 000
- Sector
- Consumer Cyclical
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong valuation and quality; Growth, Profitability, Health and Moat lag behind.
Valuation87
- P/E vs own history59th pct · 12/25
- FCF yield20.3% · 25/25
- P/S0.4x · 25/25
- EV/EBITDA5.3x · 25/25
Growth32
- Revenue CAGR16.0% · 20/25
- Net income CAGR-36.4% · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth9.3% · 12/25
Profitability36
- ROIC3.1% · 5/25
- ROE16.9% · 20/25
- Net margin2.4% · 6/25
- Operating margin5.7% · 5/25
Health37
- Altman Z0.51 · 3/25
- Current ratio1.33 · 12/25
- Interest coverage4.0x · 10/25
- Net cash / debtD/A 10% · 12/25
Quality77
- Piotroski F6/9 · 15/25
- Beneish M-2.76 · 25/25
- FCF conversion357% · 25/25
- Margin stabilityσ 12.0% · 12/25
Moat44
- ROIC >12% years3/10 yrs · 6/25
- Median gross margin42.8% · 20/25
- FCF-positive years8/10 yrs · 18/25
- Worst-year net marginworst -20.0% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2021FinancialPositive free cash flow every year since5-year streak
- FY2019FinancialBest year on record$2.05B net income
- FY2017FinancialRevenue crossed $10B$10.8B for the year
- FY2016FinancialFirst recorded profitable year$1.10B net income
- FY2016FinancialRevenue already above $1B$9.46B in first reported year
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (44.2%)
Watch-outs
- Altman Z-Score 0.51 — elevated financial-distress risk
- Net debt would take ~18.3 years of free cash flow to repay
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+3.2% YoY
- Profitable — makes more than it spends$426M TTM
- Profit growing — earnings are higher than last year-40.7% YoY
- Generates cash — cash left after running and investing$1.49B TTM
- Debt under control — could handle its obligations~2.8y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$7.36B market cap
- Not printing shares — share count not ballooning — you keep your slice-43.9% shares over ~5y
- Proven track record — years of profitability behind it9/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.5 — distress
- Pays a dividend — returns cash to shareholdersyield 0.02%
- Valuation not extreme — price not wildly above earningsP/E 17.3
Peer comparisonMGM Resorts International vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| MGM this company | $7.4B | 17.3 | +3.2% | 2.4% | Strained |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
Head-to-head: MGM vs AMZN · MGM vs TSLA · MGM vs NFLX
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/MGM
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of MGM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $29.27 · market cap $7.36B.