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MGM Resorts International

MGM Resorts International

MGM · NYSE · Consumer Cyclical / Resorts & Casinos

33.49USD+0.25 (+0.75%)

Price History

Full chart

Market Stats

Previous Close33.24
Open33.31
Day Range33.13 – 33.62
52-Week Range26.71 – 51.59
Volume3.63M
Market Cap8.18B
P/E (TTM)12.44
Forward P/E17.95
EPS2.60
Dividend Yield0.00%
Beta1.32
50-Day Avg33.65
200-Day Avg38.98

About

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.

Company Details

  • SectorConsumer Cyclical
  • IndustryResorts & Casinos
  • CEOMr. William Joseph Hornbuckle IV
  • Employees60.00K
  • Headquarters3600 Las Vegas Boulevard South, Las Vegas, NV, United States, 89109, USA
  • Websitehttps://www.mgmresorts.com

Leadership

  • Mr. William Joseph Hornbuckle IVPresident, CEO & Director · b. 1958
  • Mr. Jonathan S. HalkyardCFO & Treasurer · b. 1965
  • Mr. John M. McManus Esq.Chief Legal & Administrative Officer and Secretary · b. 1967
  • Mr. Corey Ian SandersAdvisor to President & CEO · b. 1964
  • Mr. Gary M. FritzChief Commercial Officer & President of MGM Digital · b. 1974
  • Ms. Ayesha Khanna MolinoChief Operating Officer · b. 1980
  • Mr. Todd R. MeinertSenior VP & Chief Accounting Officer · b. 1975
  • Ms. Sarah A. RogersSenior VP of Corporate Finance & Treasurer · b. 1981
  • Mr. Howard H. Wang CPAVice President of Investor Relations
  • Mr. Jeff MochalSenior Vice President of Corporate Communications

Financials

Income Statement

Currency: USD1988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue207.90M213.00M176.50M146.90M50.00M57.80M742.20M721.80M804.80M827.60M773.90M1.39B3.52B4.01B4.03B3.91B4.24B6.48B7.18B7.69B7.21B5.98B6.02B7.85B9.16B9.81B10.08B9.19B9.46B10.80B11.76B12.90B4.92B9.68B13.13B16.16B17.24B17.54B
Growth (%)-+2.45%-17.14%-16.77%-65.96%+15.60%+1184.08%-2.75%+11.50%+2.83%-6.49%+79.83%+152.85%+13.94%+0.54%-3.04%+8.42%+52.94%+10.71%+7.19%-6.28%-17.07%+0.68%+30.40%+16.71%+7.08%+2.78%-8.85%+2.88%+14.20%+8.94%+9.66%-61.88%+96.87%+35.61%+23.13%+6.66%+1.72%
Cost of Revenue136.30M154.40M139.20M100.70M34.70M104.90M405.30M386.10M403.60M405.20M409.30M590.70M1.68B2.21B2.20B2.16B2.29B3.55B3.81B4.14B4.14B3.54B3.76B5.03B5.92B6.26B6.37B5.63B5.50B6.19B6.92B7.60B3.21B5.03B6.65B8.55B9.39B9.75B
Gross Profit71.60M58.60M37.30M46.20M15.30M-47.10M336.90M335.70M401.20M422.40M364.60M801.00M1.84B1.80B1.84B1.75B1.95B2.93B3.36B3.55B3.07B2.44B2.26B2.82B3.24B3.55B3.71B3.56B3.96B4.60B4.84B5.30B1.71B4.65B6.47B7.61B7.85B7.79B
Gross Margin34.44%27.51%21.13%31.45%30.60%-81.49%45.39%46.51%49.85%51.04%47.11%57.56%52.39%44.95%45.55%44.69%45.90%45.28%46.86%46.19%42.52%40.80%37.57%35.96%35.36%36.20%36.83%38.79%41.88%42.64%41.18%41.06%34.76%48.03%49.32%47.08%45.51%44.42%
Operating Expense63.10M49.40M71.50M61.10M33.90M76.10M207.10M226.10M214.60M202.80M233.10M591.20M1.31B1.17B1.07B1.03B994.35M1.58B1.60B688.56M3.19B3.40B3.42B-1.23B3.16B2.44B2.39B3.72B1.88B2.89B3.37B1.36B2.35B2.37B5.04B5.72B6.36B6.79B
Operating Income8.50M9.20M-34.20M-14.90M-18.60M-123.20M129.80M109.60M186.60M219.60M131.50M209.80M537.72M627.90M766.76M713.07M950.86M1.36B1.76B2.86B-129.60M-963.88M-1.16B4.06B80.53M1.11B1.32B-156.23M2.08B1.71B1.47B3.94B-642.43M2.28B1.44B1.89B1.49B1.00B
Operating Margin4.09%4.32%-19.38%-10.14%-37.20%-213.15%17.49%15.18%23.19%26.53%16.99%15.08%15.28%15.66%19.02%18.24%22.44%20.94%24.50%37.23%-1.80%-16.12%-19.25%51.69%0.88%11.33%13.13%-1.70%22.00%15.86%12.49%30.55%-13.07%23.54%10.96%11.70%8.65%5.71%
EBITDA18.30M20.90M-18.40M700.00K-7.00M-111.90M178.10M168.30M193.90M256.40M209.71M338.44M862.89M1.05B1.16B1.16B1.31B1.87B2.41B3.57B718.53M-547.89M-469.02M4.74B309.84M2.04B2.12B571.22M2.80B2.57B2.51B5.00B-779.79M3.41B4.98B2.40B2.39B1.72B
EBITDA Margin8.80%9.81%-10.42%0.48%-14.00%-193.60%24.00%23.32%24.09%30.98%27.10%24.32%24.52%26.29%28.69%29.55%30.86%28.85%33.59%46.40%9.97%-9.16%-7.79%60.33%3.38%20.82%20.99%6.22%29.65%23.80%21.33%38.76%-15.86%35.25%37.94%14.83%13.87%9.79%
Net Income4.30M25.60M-23.60M-12.20M-20.10M-117.60M74.50M46.60M43.70M111.10M68.90M86.00M160.74M169.81M292.44M243.70M412.33M443.26M648.26M1.58B-855.29M-1.29B-1.44B3.11B-1.77B-156.61M-149.87M-447.72M1.10B1.95B466.77M2.05B-1.03B1.25B1.47B1.14B746.56M206.25M
Net Income Margin2.07%12.02%-13.37%-8.30%-40.20%-203.46%10.04%6.46%5.43%13.42%8.90%6.18%4.57%4.24%7.25%6.23%9.73%6.84%9.03%20.60%-11.86%-21.61%-23.88%39.68%-19.30%-1.60%-1.49%-4.87%11.65%18.08%3.97%15.89%-21.00%12.96%11.22%7.07%4.33%1.18%
R&D----------------------000000000-------
R&D as % of Total Revenue----------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense000000000000272.86M349.48M295.63M341.11M378.39M656.16M760.36M708.34M609.29M775.43M1.11B1.09B1.12B857.35M817.06M797.58M694.77M668.75M769.51M847.93M676.38M799.59M594.95M460.29M443.23M419.04M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%7.75%8.72%7.33%8.73%8.93%10.12%10.60%9.21%8.45%12.97%18.50%13.85%12.19%8.74%8.10%8.68%7.35%6.19%6.54%6.57%13.76%8.26%4.53%2.85%2.57%2.39%

Balance Sheet

Currency: USD1988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets277.30M292.40M375.90M473.10M1.06B1.16B1.14B1.28B1.29B1.40B1.77B2.74B10.73B10.50B10.50B10.81B11.12B20.70B22.15B22.73B23.27B22.52B18.96B27.77B26.28B26.11B26.59B25.22B28.17B29.16B30.21B33.88B36.49B40.90B45.69B42.37B42.23B41.37B
Total Liabilities72.70M27.30M117.50M26.20M536.70M678.30M611.40M697.70M314.30M296.80M804.60M1.72B8.35B7.99B7.84B8.28B8.34B17.46B18.30B16.67B19.30B18.65B15.96B17.88B18.17B18.23B18.97B17.44B18.15B17.47B19.64B21.11B25.25B29.77B40.32B38.00B38.51B38.10B
Total Equity204.60M265.10M258.40M446.90M526.80M481.80M529.40M584.50M973.40M1.10B964.40M1.02B2.38B2.51B2.66B2.53B2.77B3.24B3.85B6.06B3.97B3.87B3.00B6.09B8.12B7.88B4.09B5.12B6.22B7.58B6.51B7.73B6.50B6.07B4.83B3.81B3.02B2.43B
Cash15.50M98.10M6.20M209.80M580.00M211.30M75.90M110.00M61.40M34.60M82.00M121.52M227.97M208.97M211.23M279.61M435.13M377.93M452.94M416.12M295.64M2.06B498.96M1.87B1.54B1.80B1.71B1.67B1.45B1.50B1.53B2.33B5.10B4.70B5.91B2.93B2.42B2.06B
Total Debt44.10M500.00K83.70M700.00K505.80M498.90M487.70M563.70M94.00M68.40M552.80M1.33B5.88B5.46B5.22B5.53B5.46B12.36B12.99B11.18B13.46B14.31B12.25B13.84B13.81B13.80B14.05B12.70B12.99B12.91B15.13B15.66B21.02B24.69B33.99B31.62B31.61B56.16B
Net Debt28.60M-97.60M77.50M-209.10M-74.20M287.60M411.80M453.70M32.60M33.80M470.80M1.21B5.65B5.25B5.01B5.25B5.02B11.98B12.54B10.76B13.17B12.26B11.75B11.97B12.05B11.64B12.34B11.03B11.54B11.41B13.60B13.33B15.92B19.99B28.08B28.69B29.19B54.09B

Cash Flow

Currency: USD1989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow12.50M-11.20M21.50M12.30M-37.60M94.50M114.50M245.20M184.00M171.70M289.90M817.56M793.75M827.96M687.74M829.25M1.18B1.22B994.42M753.03M587.91M504.01M675.13M909.35M1.31B1.13B1.01B1.53B2.21B1.72B1.81B-1.49B1.37B1.77B2.70B2.36B2.74B
Investing Cash Flow80.60M-158.60M84.70M-197.90M-412.70M-193.00M-166.00M-120.80M-201.80M-405.70M-386.70M-5.56B-352.20M-371.21M-555.69M-347.75M-5.30B-1.65B209.30M-1.98B-330.25M-586.08M-21.31M-446.42M-560.14M-1.52B-795.06M-2.28B-1.58B-2.08B3.52B2.16B1.54B2.11B-722.52M-1.28B-1.35B
Financing Cash Flow-10.40M77.90M97.40M555.90M81.60M-37.00M85.60M-172.90M-9.00M281.40M136.40M4.85B-460.54M-454.49M-165.24M-325.97M4.06B510.02M-1.24B1.12B1.49B-1.48B711.92M-786.96M-489.71M308.08M-257.88M519.42M-568.78M389.23M-4.53B2.10B-2.81B-3.02B-5.00B-1.56B-1.73B
Capital Expenditure19.70M159.60M42.60M221.00M480.10M66.00M37.40M84.80M227.80M361.90M375.30M336.50M327.94M300.04M550.23M702.86M759.95M1.88B2.92B781.75M136.85M207.49M301.24M422.76M562.12M957.04M1.47B2.26B1.86B1.49B739.01M270.58M490.70M765.07M931.81M1.15B1.07B
Free Cash Flow-7.20M-170.80M-21.10M-208.70M-517.70M28.50M77.10M160.40M-43.80M-190.20M-85.40M481.06M465.81M527.92M137.50M126.39M422.85M-666.64M-1.92B-28.72M451.06M296.52M373.88M486.59M748.32M173.63M-461.74M-728.50M342.33M235.70M1.07B-1.76B882.73M1.00B1.77B1.21B1.67B
Dividends Paid-----------11.34M----4.52B1.42B1.40B5.15B-00206.81M318.35M386.71M307.23M4.39B252.01M260.59M271.29M77.61M4.79M4.05M957.00K0-
FCF to OCF-57.60%1525.00%-98.14%-1696.75%1376.86%30.16%67.34%65.42%-23.80%-110.77%-29.46%58.84%58.69%63.76%19.99%15.24%35.75%-54.76%-193.38%-3.81%76.72%58.83%55.38%53.51%57.10%15.36%-45.94%-47.49%15.52%13.68%59.18%118.12%64.27%56.70%65.48%51.30%60.94%
Dividend Paid to FCF-----------2.36%----1069.22%-212.89%-72.92%-17931.36%-0.00%0.00%42.50%42.54%222.72%-66.54%-602.11%73.62%110.56%25.32%-4.40%0.54%0.40%0.05%0.00%-

Earnings

Report DateApr 25, 1996Jul 22, 1996Oct 22, 1996Jan 30, 1997Apr 24, 1997Jul 24, 1997Oct 22, 1997Jan 29, 1998Apr 30, 1998Jul 24, 1998Oct 29, 1998Feb 4, 1999Apr 22, 1999Jul 15, 1999Oct 14, 1999Jan 20, 2000Apr 18, 2000Jul 27, 2000Oct 19, 2000Feb 1, 2001Apr 19, 2001Jul 24, 2001Oct 30, 2001Jan 31, 2002Apr 17, 2002Jul 24, 2002Oct 23, 2002Jan 28, 2003Apr 16, 2003Jul 17, 2003Oct 21, 2003Jan 28, 2004Apr 21, 2004Jul 21, 2004Oct 20, 2004Feb 1, 2005Apr 19, 2005Jul 28, 2005Oct 26, 2005Feb 23, 2006Apr 27, 2006Aug 3, 2006Nov 2, 2006Feb 14, 2007May 3, 2007Aug 2, 2007Oct 30, 2007Feb 21, 2008May 6, 2008Aug 5, 2008Oct 29, 2008Mar 17, 2009May 4, 2009Aug 3, 2009Nov 5, 2009Feb 18, 2010May 6, 2010Aug 3, 2010Nov 3, 2010Feb 14, 2011May 4, 2011Aug 8, 2011Nov 3, 2011Feb 22, 2012May 3, 2012Aug 7, 2012Oct 31, 2012Feb 20, 2013May 2, 2013Aug 6, 2013Oct 31, 2013Feb 19, 2014Apr 29, 2014Aug 5, 2014Oct 30, 2014Feb 17, 2015May 4, 2015Aug 4, 2015Oct 29, 2015Feb 18, 2016May 5, 2016Aug 4, 2016Nov 7, 2016Feb 16, 2017Apr 27, 2017Jul 27, 2017Nov 8, 2017Feb 20, 2018Apr 26, 2018Aug 2, 2018Oct 30, 2018Feb 13, 2019Apr 29, 2019Jul 25, 2019Oct 30, 2019Feb 12, 2020Apr 30, 2020Jul 30, 2020Oct 29, 2020Feb 10, 2021Apr 28, 2021Aug 4, 2021Nov 3, 2021Feb 9, 2022May 2, 2022Aug 3, 2022Nov 2, 2022Feb 8, 2023May 1, 2023Aug 2, 2023Nov 8, 2023Feb 13, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 12, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Feb 5, 2026Apr 29, 2026Jul 29, 2026Oct 28, 2026Nov 4, 2026
EPS Estimate0.130.090.100.100.120.140.140.140.070.070.080.090.090.100.130.160.170.170.180.210.220.210.120.060.170.250.240.130.200.180.180.140.230.290.280.230.370.450.410.330.510.530.410.470.620.580.500.550.450.420.310.14-0.05-0.09-0.07-0.13-0.25-0.25-0.25-0.22-0.19-0.13-0.14-0.19-0.15-0.15-0.16-0.22-0.100.01-0.03-0.010.090.100.060.060.130.100.040.090.110.250.160.190.290.300.370.100.290.280.200.130.210.260.330.27-0.42-1.70-1.02-0.94-0.87-0.37-0.030.02-0.050.330.13-1.570.160.520.490.710.580.590.610.340.450.550.300.550.480.630.150.25
EPS Actual0.180.100.120.130.130.140.160.130.070.060.160.100.110.100.180.180.210.200.230.220.270.240.100.090.260.280.260.140.200.230.180.190.350.370.280.260.440.460.380.350.560.560.540.530.550.620.420.430.400.400.31-0.11-0.10-0.120.02-0.25-0.31-0.32-0.21-0.20-0.16-0.05-0.14-0.21-0.09-0.12-0.23-0.230.03-0.020.02-0.080.220.21-0.02-0.700.260.190.15-0.010.160.290.580.110.380.300.342.400.330.260.24-0.060.180.230.310.08-0.45-1.52-1.08-0.90-0.68-0.130.030.120.010.03-1.39-1.530.440.590.641.060.740.860.540.450.690.790.241.600.490.59-0.11-
Surprise38.46%11.11%20.00%30.00%8.33%0.00%14.29%-7.14%0.00%-14.29%100.00%11.11%22.22%0.00%38.46%12.50%23.53%17.65%27.78%4.76%22.73%14.29%-16.67%50.00%52.94%12.00%8.33%7.69%0.00%27.78%0.00%35.71%52.17%27.59%0.00%13.04%18.92%2.22%-7.32%6.06%9.80%5.66%31.71%12.77%-11.29%6.90%-16.00%-21.82%-11.11%-4.76%0.00%-178.57%-100.00%-33.33%128.57%-92.31%-24.00%-28.00%16.00%9.09%15.79%61.54%0.00%-10.53%40.00%20.00%-43.75%-4.55%130.00%-300.00%166.67%-700.00%144.44%110.00%-133.33%-1266.67%100.00%90.00%275.00%-111.11%45.45%16.00%262.50%-42.11%31.03%0.00%-8.11%2302.70%13.79%-7.14%20.00%-146.15%-14.29%-11.54%-6.06%-70.37%-7.14%10.59%-5.88%4.26%21.84%64.86%200.00%500.00%120.00%-90.91%-1169.23%2.55%175.00%13.46%30.61%49.30%27.59%45.76%-11.48%32.35%53.33%43.64%-20.00%190.91%2.08%-6.35%-173.33%-
Timing-----Pre-marketPre-marketPre-marketPre-marketPre-market------------Pre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-After-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap8.18B
Enterprise Value35.21B
Trailing P/E12.44
Forward P/E17.95
PEG Ratio0.61
Price / Sales0.46
Price / Book3.27
EPS2.60
Book Value9.95
Revenue (TTM)17.72B
Gross Profit (TTM)7.73B
EBITDA2.13B
Profit Margin3.92%
Operating Margin2.25%
Return on Equity26.93%
Return on Assets1.59%
Shares Outstanding253.01M
Shares Float182.43M
Beta1.32
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 23 analystsTarget 38.42
  • Strong Buy
    9
  • Buy
    2
  • Hold
    10
  • Strong Sell
    2

Ownership Breakdown

Institutions
67.11%
Insiders
27.82%
Retail / Other
5.07%

Top Institutional Holders

  • Davis Selected Advisers
    23.90M9.45%
  • BlackRock Inc
    12.64M5.00%
  • Vanguard Capital Management, LLC
    12.16M4.80%
  • Starlite Capital Inc.
    9.33M3.69%
  • Vanguard Portfolio Management, LLC
    8.27M3.27%
  • State Street Corp
    7.05M2.79%
  • Amvescap Plc.
    5.37M2.12%
  • Corvex Management LP
    5.35M2.11%
  • Geode Capital Management, LLC
    5.04M1.99%
  • Morgan Stanley - Brokerage Accounts
    4.74M1.88%
  • The Goldman Sachs Group Inc
    3.13M1.24%
  • Point72 Asset Management, L.P.
    2.92M1.15%
  • Dimensional Fund Advisors, Inc.
    2.37M0.94%

Top Fund Holders

  • Davis NY Venture A
    7.53M2.97%
  • Vanguard MStar Total Stk Mkt Idx Invest
    5.57M2.20%
  • Invesco S&P 500® Equal Weight ETF
    4.85M1.92%
  • Vanguard 500 Index Investor
    4.62M1.83%
  • Vanguard Small Cap Index
    3.97M1.57%
  • Vanguard MStar Small Cap Value Index
    2.58M1.02%
  • iShares Core S&P 500 ETF
    2.34M0.93%

Dividends

20224×
0.00Dec 8, 20220.00Sep 8, 20220.00Jun 9, 20220.00Mar 9, 2022
20214×
0.00Dec 9, 20210.00Sep 9, 20210.00Jun 9, 20210.00Mar 9, 2021
20204×
0.00Dec 9, 20200.00Sep 9, 20200.00Jun 9, 20200.15Mar 9, 2020
20194×
0.13Dec 9, 20190.13Sep 9, 20190.13Jun 7, 20190.13Mar 7, 2019
20184×
0.12Dec 7, 20180.12Sep 7, 20180.12Jun 7, 20180.12Mar 8, 2018
20174×
0.11Dec 8, 20170.11Sep 8, 20170.11Jun 7, 20170.11Mar 8, 2017

Stock Splits

  • May 19, 20052:1
  • Feb 28, 20002:1