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Stocks/Consumer Discretionary/Casinos & Gaming

MGM ResortsMGM

Casinos & Gaming · Paradise, Nevada · In the S&P 500
$29.96+3.92%After hours: $29.71 (−0.83%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 4.0% over 1 year
MGM Resorts over 1 yearDaily close, $, to 30 Oct 2026
$40$50Nov2026MarMayJulSep$29.96$40$50NovMarJul$29.96
Source: Nasdaq daily closes
Market value$7.58B
Price to earnings11.5x
Forward P/E20.4x
Dividend yield0.03%
Year to date−17.9%
One year−4.0%
Next earningsNot scheduled
SectorConsumer Discretionary
52-week range (closes)
$27.27$50.69

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Quality and valuation

How MGM Resorts compares with other consumer discretionary stocks. A description, not a recommendation.

MGM Resorts and 5 casinos & gaming peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: in line with its sector

A weaker business than most consumer discretionary companies, priced about in line with them.

MGM Resorts trades at 20.4 times the next 12 months of expected earnings, against a median of 19.5x for the 66 consumer discretionary stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +2.6% vs +8.1%
  • Less profitable (operating margin): 7.0% vs 13.8%
  • Turns less of its sales into cash: 7.9% vs 10.1%
MGM trades at 20.4x forward earnings, above the sector medianForward p/e, Casinos & Gaming peers
BABA12.3xTM14.3xMCD19.6xMGM20.4xHD21.4xAMZN25.7xTJX26.0xTSLA218.4xSector median 19.5xBABA12.3xTM14.3xMCD19.6xMGM20.4xHD21.4xAMZN25.7xTJX26.0xTSLA218.4xSector median 19.5x
Source: CNBC quotes; Mostly Markets
At 11.4x earnings, MGM is cheaper than its average since Oct 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
100x200xAverage 54.3x2025202611.4x100x200xAverage 54.3x2025202611.4x
Source: Nasdaq prices; SEC filings

Financials

From MGM Resorts's SEC filings, through the quarter ending 30 Sep 2026. Hover or tap a bar for its value.

Revenue fell 0.9% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$4.2bnQ3 ’26$0bn$2bn$4bnQ4 ’24Q2 ’25Q4 ’25$4.2bnQ3 ’26
Source: SEC filings
Growth slowed to −0.9% last quarterRevenue growth, year on year, %
0%2%5%Q4 ’24Q2 ’25Q4 ’25−0.9%Q3 ’260%5%Q4 ’24Q2 ’25Q4 ’25−0.9%Q3 ’26
Source: SEC filings
Operating margin was 2.8% last quarterOperating income as a share of revenue, %
0%5%10%Q4 ’24Q2 ’25Q4 ’252.8%Q3 ’260%5%10%Q4 ’24Q2 ’25Q4 ’252.8%Q3 ’26
Source: SEC filings
Free cash flow was $1.4 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$200m$400mQ4 ’24Q2 ’25Q4 ’25$311mQ3 ’26$0m$200m$400mQ4 ’24Q2 ’25Q4 ’25$311mQ3 ’26
Source: SEC filings
Last 12 monthsMGMSector median
Revenue growth+2.6%+8.1%
Operating margin7.0%13.8%
Free cash flow margin7.9%10.1%
Price to earnings11.5x21.0x

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