MGM Resorts (MGM) AI Stock Analysis

• Market Cap: $8.75B
• Dividend Yield: N/A
• Average Volume (3M): 5.23M
• Price to Earnings (P/E): 199.1
• Beta (1Y): 1.36
• Revenue Growth: 0.05%
• EPS Growth: -94.07%
• Country: US
• Employees: 60,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.24
• Shares Outstanding: 273,506,440
• 10 Day Avg. Volume: 6,338,247
• 30 Day Avg. Volume: 5,225,399
• PEG Ratio: -0.57
• Price to Book (P/B): 3.52
• Price to Sales (P/S): 0.62
• P/FCF Ratio: 8.79
• Enterprise Value/Market Cap: 4.52
• Enterprise Value/Revenue: 2.29
• Enterprise Value/Gross Profit: 6.75
• Enterprise Value/Ebitda: 26.38
• 1Y Price Target: $42.16
• Price Target Upside: 29.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): 2.5
• Revenue Forecast (FY): $17.35B

• Rating: 59 Neutral
• Price Target: $33.00 ▲(1.04% Upside)

MGM Resorts' overall stock score reflects strong revenue growth and strategic asset sales, but is tempered by declining profitability margins and high leverage. The bearish technical indicators and moderate valuation further weigh on the score. While there are positive signs in digital and international operations, challenges in Las Vegas and regional properties present risks.

Positive Factors

Revenue Growth

MGM's consistent revenue growth indicates strong operational scale and diversity, supporting long-term business expansion and market presence.

Digital Expansion

BetMGM's digital growth and profitability highlight successful strategic execution, enhancing MGM's competitive position in the digital gaming market.

Strategic Asset Sales

The strategic sale of Northfield Park at a premium enhances MGM's capital allocation efficiency, supporting future investments and financial flexibility.

Negative Factors

High Leverage

High leverage poses financial risks, potentially limiting MGM's ability to invest in growth opportunities and affecting long-term financial stability.

Profitability Margins

Declining profitability margins suggest inefficiencies or rising costs, which could impact MGM's ability to sustain long-term profitability and shareholder returns.

Las Vegas Segment Challenges

Challenges in Las Vegas, such as decreased proceeds and increased expenses, may hinder MGM's recovery and growth in this key market segment.

MGM Resorts Business Overview & Revenue Model

Company Description

MGM Resorts International is a global entertainment and hospitality company based in Las Vegas, Nevada. It operates a portfolio of destination resorts and casinos, including iconic properties like MGM Grand, Bellagio, and Mandalay Bay. The company is involved in various sectors, including gaming, lodging, entertainment, and food and beverage services. MGM also engages in the development and leasing of real estate and offers a range of entertainment options, from live shows to nightlife experiences.

How the Company Makes Money

MGM Resorts generates revenue primarily through its gaming operations, which include casino games, slot machines, and sports betting. A significant portion of its income is derived from hotel room bookings, with the company operating thousands of hotel rooms across its properties. Additional revenue streams include food and beverage sales from its numerous restaurants and bars, as well as entertainment offerings such as concerts, shows, and events. MGM also has partnerships with various organizations and brands that enhance its offerings and drive customer engagement. Furthermore, the company's membership in loyalty programs, such as M life Rewards, incentivizes repeat business and customer retention, contributing to its overall earnings.

MGM Resorts Financial Statement Overview

Summary

MGM Resorts is experiencing strong revenue growth, reflecting a positive recovery trend. However, profitability margins have declined, and the company faces high leverage, which could pose financial risks. Cash flow generation is improving, but there is room for enhancing cash efficiency. Overall, while the company is on a growth trajectory, it needs to manage its leverage and improve profitability margins to ensure long-term financial stability.

Income Statement

MGM Resorts shows a strong revenue growth trajectory with a 45.2% increase in TTM, indicating robust recovery and expansion. However, the gross profit margin has decreased from previous years, and the net profit margin remains relatively low at 3.72% in TTM. The EBIT and EBITDA margins have also declined, reflecting potential inefficiencies or increased costs.

Balance Sheet

The company's debt-to-equity ratio is high at 8.67 in TTM, indicating significant leverage and potential financial risk. Return on equity has decreased to 21.19% in TTM, showing reduced profitability from equity. The equity ratio is low, suggesting a heavy reliance on debt financing.

Cash Flow

MGM Resorts has shown positive free cash flow growth of 13.75% in TTM, indicating improved cash generation. The operating cash flow to net income ratio is healthy, though slightly below 1, suggesting good cash conversion. However, the free cash flow to net income ratio is moderate, indicating room for improvement in cash efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	17.28B	17.24B	16.16B	13.13B	9.68B	5.16B
Gross Profit	5.87B	7.85B	7.61B	6.47B	4.65B	1.71B
EBITDA	1.50B	2.39B	2.75B	1.77B	1.71B	558.86M
Net Income	69.68M	746.56M	1.14B	206.73M	1.25B	-1.32B
Balance Sheet
Total Assets	41.41B	42.23B	42.37B	45.69B	40.90B	36.49B
Cash, Cash Equivalents and Short-Term Investments	2.13B	2.42B	2.93B	5.91B	4.70B	5.10B
Total Debt	31.52B	31.85B	31.62B	33.99B	24.69B	21.02B
Total Liabilities	37.96B	38.51B	38.00B	40.32B	29.77B	25.25B
Stockholders Equity	2.68B	3.02B	3.81B	4.83B	6.07B	6.50B
Cash Flow
Free Cash Flow	1.37B	1.21B	1.76B	991.39M	882.73M	-1.76B
Operating Cash Flow	2.55B	2.36B	2.69B	1.76B	1.37B	-1.49B
Investing Cash Flow	-1.34B	-1.28B	-714.17M	2.12B	1.54B	2.16B
Financing Cash Flow	-2.02B	-1.56B	-5.00B	-3.02B	-2.81B	2.10B

MGM Resorts Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 32.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MGM, the sentiment is Neutral. The current price of 32.66 is above the 20-day moving average (MA) of 32.10, below the 50-day MA of 34.00, and below the 200-day MA of 33.88, indicating a neutral trend. The MACD of -0.50 indicates Negative momentum. The RSI at 50.02 is Neutral, neither overbought nor oversold. The STOCH value of 72.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MGM.

MGM Resorts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LVS	74 Outperform	$42.29B	28.22	62.28%	1.53%	8.37%	10.20%
BYD	71 Outperform	$6.27B	3.51	87.17%	0.89%	5.91%	336.91%
RRR	71 Outperform	$5.82B	19.56	96.16%	3.42%	4.69%	15.18%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WYNN	61 Neutral	$13.02B	36.93	―	0.82%	-0.26%	-44.45%
MGM	59 Neutral	$8.75B	199.12	2.25%	―	0.05%	-94.07%
CZR	44 Neutral	$4.07B	―	-6.06%	―	0.87%	31.28%

MGM Resorts Corporate Events

MGM Resorts Reports Mixed Q3 2025 Results

MGM Resorts International is a global gaming and entertainment company known for its iconic hotels and casinos, offering a wide range of entertainment experiences across its international locations.

MGM Resorts Secures JPY45.2 Billion Credit Agreement

On October 23, 2025, MGM Resorts International entered into a secured credit agreement with Sumitomo Mitsui Banking Corporation for a term loan facility of JPY45.2 billion, with an option to increase to JPY67.8 billion. This agreement, which matures in October 2030, includes covenants that may limit the company’s ability to incur additional debt, impacting its financial flexibility. Additionally, MGM Resorts reported a 2% increase in consolidated net revenues for the third quarter of 2025, driven by strong performance from MGM China and BetMGM North America. However, the company faced a net loss of $285 million due to a non-cash goodwill impairment charge and other write-offs related to Empire City. Despite these challenges, MGM Resorts announced a $300 million yen-denominated credit facility to support its MGM Osaka project and the sale of MGM Northfield Park operations for $546 million.

The most recent analyst rating on (MGM) stock is a Buy with a $33.07 price target. To see the full list of analyst forecasts on MGM Resorts stock, see the MGM Stock Forecast page.

MGM Resorts Announces New Executive Employment Agreements

On September 16, 2025, MGM Resorts International announced new employment agreements for two key executives, Jonathan Halkyard and Gary Fritz, effective October 1, 2025. These agreements outline their compensation packages, including base salaries, bonuses, and equity grants, as well as conditions for termination and non-compete clauses. The agreements aim to secure the leadership of these executives through 2029 and 2028, respectively, potentially impacting the company’s strategic direction and stability in the gaming and digital sectors.

The most recent analyst rating on (MGM) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on MGM Resorts stock, see the MGM Stock Forecast page.

MGM Resorts COO Corey Sanders to Retire Soon

On August 29, 2025, MGM Resorts International extended the employment agreement of Corey Sanders, its Chief Operating Officer, until December 31, 2025, after which he will transition to a Senior Advisor role through December 31, 2026. This transition follows Sanders’ announcement of retirement after over 30 years with the company, during which he played a pivotal role in major acquisitions and expansions. MGM Resorts plans to appoint a new COO later in September 2025. Sanders’ leadership has been instrumental in shaping the company’s culture and operational success, and his departure marks a significant change in the company’s executive team.

The most recent analyst rating on (MGM) stock is a Hold with a $44.00 price target. To see the full list of analyst forecasts on MGM Resorts stock, see the MGM Stock Forecast page.

MGM Resorts’ Earnings Call: Record Gains Amid Vegas Challenges

MGM Resorts International’s recent earnings call painted a picture of mixed sentiment, marked by record revenue achievements and robust performances across several segments, including BetMGM, MGM China, and regional properties. However, challenges in the Las Vegas market, particularly disruptions at MGM Grand and weaknesses in the FIT segment, tempered the overall positive outlook.

MGM Resorts Reports Record Q2 2025 Earnings

MGM Resorts International is a global gaming and entertainment company known for its iconic hotels and casinos, operating in both domestic and international markets, with a focus on creating immersive experiences through its Las Vegas-inspired brands.