OakChart

MGM Resorts International

MGMConsumer Cyclical·Resorts & Casinos·USA·Mid·NYSE·Nov 11 • 10:13 AM ET

33.10+0.04 (0.12%)
2026-11-11 16:13 CET
Market cap
8,364.54 USD m
Revenue, TTM
17,722.87 USD m
Net income, TTM
691.15 USD m
Free cash flow, TTM
1,607.37 USD m
EPS diluted, TTM
2.63
P/E
12.59
Compare

Price

MGM against its 20, 50 and 200-day averages
2050200beatmiss
30.0040.0050.0013.8M27.7MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MGMclose 33.1020-day 30.1450-day 33.14200-day 38.9733.10

35.8% under 51.59 on 1 Jun 2026. Last 15 sessions, 24.9% high to low

Profile

MGM
52-week range, 26% of the way up
26.7151.59

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The Las Vegas Strip Resorts segment operates the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan, Beau Rivage in Biloxi, Mississippi, Gold Strike Tunica in Tunica, Mississippi, Borgata in Atlantic City, New Jersey, MGM National Harbor in Prince George's County, Maryland, and MGM Springfield in Springfield, Massachusetts. The MGM China segment includes MGM Macau and MGM Cotai. The MGM Digital segment focuses on the online gaming portfolio, which consists primarily of Leo Vegas, which is headquartered in Sweden and Malta. The company was founded by Kerkor Kerkorian on January 29, 1986 and is headquartered in Las Vegas, NV.

IndexS&P 500, RUI
Employees78000
IPOMay 02, 1988
Beta1.31
ATR, 14d1.15
Rel volume0.58
Short float11.60%
Insider own28.01%
Inst own71.37%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap8.37B
Enterprise Value36.58B
Income691.15M
Sales17.72B
Book/sh9.95
Cash/sh9.47
Dividend Est.-
Dividend TTM-
Dividend Ex-DateDec 08, 2022
Dividend Gr. 3/5Y- -
Payout0.00%
Employees78000
IPOMay 02, 1988

Ratios

P/E12.59
Forward P/E21.67
PEG-
P/S0.47
P/B3.33
P/C3.50
P/FCF5.21
EV/EBITDA17.19
EV/Sales2.06
Quick Ratio1.20
Current Ratio1.24
Debt/Eq11.87
LT Debt/Eq11.80
Option/ShortYes / Yes

Earnings

EPS (ttm)2.63
EPS next Y1.53
EPS next Q0.32
EPS this Y-53.33%
EPS next Y-1.13%
EPS next 5Y-19.05%
EPS past 3/5Y-39.80% -
Sales past 3/5Y10.14% 27.71%
EPS Y/Y TTM1487.04%
Sales Y/Y TTM2.57%
EPS Q/Q93.16%
Sales Q/Q-0.91%
EarningsOct 28 AMC
EPS/Sales Surpr.-405.56% -0.06%

Ownership

Insider Own28.01%
Insider Trans2.52%
Inst Own71.37%
Inst Trans-3.57%
ROA1.71%
ROE26.68%
ROIC2.16%
Gross Margin37.41%
Oper. Margin5.80%
Profit Margin3.90%
SMA209.82%
SMA50-0.12%
SMA200-15.06%
Trades-

Technical

Shs Outstand251.60M
Shs Float182.15M
Short Float11.60%
Short Ratio4.77
Short Interest21.12M
52W High51.59 -35.84%
52W Low26.71 23.92%
Volatility3.36% 3.83%
ATR (14)1.15
RSI (14)60.72
Beta1.31
Rel Volume0.58
Avg Volume4.43M
Volume394,897

Performance

Perf Week0.85%
Perf Month12.59%
Perf Quarter-24.89%
Perf Half Y-11.52%
Perf YTD-9.29%
Perf Year0.70%
Perf 3Y-14.56%
Perf 5Y-27.12%
Perf 10Y20.36%
Recom2.26
Target Price38.79
Prev Close33.06
Price33.10
Change %0.12%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Sep 24, 2026ResumedBBofA SecuritiesNeutral$40+20.8%
Jul 07, 2026UpgradeWWells FargoUnderweight → Equal Weight$48.30+45.9%
Jun 15, 2026DowngradeSStifelBuy → Hold$49+48.0%
May 27, 2026UpgradeTTruistHold → Buy$55+66.2%
May 27, 2026UpgradeJJP MorganNeutral → Overweight$46+39.0%
May 01, 2026ResumedJJefferiesHold$44+32.9%
Apr 27, 2026UpgradeKKeyBanc Capital MarketsSector Weight → Overweight$117+253.5%
Jan 16, 2026DowngradeMMorgan StanleyEqual-Weight → Underweight$33-0.3%
Jan 13, 2026DowngradeTTruistBuy → Hold$38+14.8%
Dec 17, 2025DowngradeBBarclaysOverweight → Equal Weight$38+14.8%

Peers

Mkt cap
TickerCompanyMkt cap
CZRCaesars Entertainment Inc5.97B
WYNNWynn Resorts Ltd8.88B
BYDBoyd Gaming Corp5.50B
LVSLas Vegas Sands Corp25.38B
PENNPENN Entertainment Inc2.46B
RRRRed Rock Resorts Inc5.29B
MLCOMelco Resorts & Entertainment Ltd ADR1.60B
DKNGDraftKings Inc17.44B
FLUTFlutter Entertainment Plc14.78B
CHDNChurchill Downs Inc6.90B

Insider trading

latest 14 of 47
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Meister Keith A.DirectorOct 30 '26Buy29.641,738,07451,513,4837,086,052Nov 03 04:35 PM
Meister Keith A.DirectorNov 02 '26Buy30.247,518227,3447,093,570Nov 03 04:35 PM
Fritz Gary MPresident, InteractiveOct 07 '26Option Exercise0.0012,1660204,025Oct 08 06:46 PM
Halkyard Jonathan SCHIEF FINANCIAL OFFICEROct 07 '26Option Exercise0.008,9210158,299Oct 08 06:44 PM
HORNBUCKLE WILLIAMCEO AND PRESIDENTOct 07 '26Option Exercise0.0032,4410139,594Oct 08 06:40 PM
McManus JohnCHIEF LEGAL ADMIN OFC AND SECYOct 07 '26Option Exercise0.007,299097,090Oct 08 06:38 PM
Meinert ToddSVP & Chief Accounting OfficerOct 07 '26Option Exercise0.001,379032,993Oct 08 06:36 PM
Molino Ayesha KhannaCHIEF OPERATING OFFICEROct 07 '26Option Exercise0.003,346034,225Oct 08 06:34 PM
Meinert ToddSVP & Chief Accounting OfficerOct 06 '26Option Exercise0.001,879032,072Oct 07 06:22 PM
Molino Ayesha KhannaCHIEF OPERATING OFFICEROct 06 '26Option Exercise0.004,053032,474Oct 07 06:20 PM
McManus JohnCHIEF LEGAL ADMIN OFC AND SECYOct 06 '26Option Exercise0.0011,055094,142Oct 07 06:19 PM
Halkyard Jonathan SCHIEF FINANCIAL OFFICEROct 06 '26Option Exercise0.0015,3550155,421Oct 07 06:17 PM
Fritz Gary MPresident, InteractiveOct 06 '26Option Exercise0.0022,1110200,688Oct 07 06:15 PM
HORNBUCKLE WILLIAMCEO AND PRESIDENTOct 06 '26Option Exercise0.0049,1350126,488Oct 07 06:13 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VBRVanguard Morningstar Small-Cap Value ETFAUM: 37.76B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
DUSADavis Select U.S. Equity ETFAUM: 1.32B
XLYState Street Consumer Discretionary Select Sector SPDR ETFAUM: 23.35B
IWRiShares Russell Mid-Cap ETFAUM: 58.68B

News

latest 14 of 206
  • Lodging Lowdown: Trailborn names new CFO, Wyndham Rewards expands with vacation rentals (Hotel Dive)
  • MGM Resorts amends deal with People Inc., shares Q3 results (Hotel Dive) +5.72%
  • MGM Resorts Misses As Las Vegas Room-Rate Slide Undoes Its Strip Recovery Story, Overshadowing Gains In Macau And Digital (Earnings Whispers)
  • MGM China Reports 2026 Third-Quarter Results (PR Newswire)
  • MGM Resorts Revenue Ticks Down on Lower Room Rates in Las Vegas (The Wall Street Journal)
  • Loading…
  • MGM: Q3 Earnings Snapshot (Associated Press)
  • MGM RESORTS INTERNATIONAL REPORTS THIRD QUARTER 2026 FINANCIAL AND OPERATING RESULTS (PR Newswire)
  • MGM Resorts International and People Incorporated Enter into Amended Voting Agreement (PR Newswire)
  • Tennis Legend Rafael Nadal Returns to The Court to Headline "The MGM Slam Presented by Capital One" Sunday, Feb. 28, 2027 at T-Mobile Arena in Las Vegas (PR Newswire)
  • MGM Resorts International stock underperforms Friday when compared to competitors (MarketWatch)
  • MGM Grand Hotel & Casino to Open Taylor Sheridan's Four Sixes Ranch Steakhouse in Early 2027 (PR Newswire)
  • MGM RESORTS SPRINTS TO RACE WEEK WITH HIGH-OCTANE FAN EXPERIENCES FOR FORMULA 1 HEINEKEN LAS VEGAS GRAND PRIX 2026, NOVEMBER 19-21 (PR Newswire)
  • MGM's Easy Las Vegas Comparison Meets A Stock Priced For Trouble Ahead Of Q3 (Earnings Whispers)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-28-0.1100.036-0.0704,2124,21413
2026Q22026-07-290.5900.5591.1054,4514,41615
2026Q12026-04-290.4900.4960.4834,4554,36914
2025Q42026-02-061.6000.6741.1124,6054,49514
2025Q32025-10-290.2400.377-1.0484,2504,24015
2025Q22025-07-300.7900.5810.1784,4054,31716
2025Q12025-04-300.6900.4700.5144,2774,28413
2024Q42025-02-120.4500.3210.5164,3474,26715
2024Q32024-10-300.5400.5540.6084,1834,21115
2024Q22024-07-310.8600.6030.5954,3274,20715
2024Q12024-05-010.7400.5630.6724,3834,24215
2023Q42024-03-191.0600.7110.9224,3764,14013
2023Q32023-11-080.6400.5220.4583,9733,86211
2023Q22023-08-020.5900.5580.5503,9423,81612
2023Q12023-05-010.4400.0641.2383,8733,61013
2022Q42023-02-08-1.530-1.4490.6863,5923,35212

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY1.0301.1173.34010,77410,685
2018FY0.9861.0510.81011,76311,687
2019FY0.7700.6063.87812,90012,906
2020FY-3.940-3.559-2.0185,1625,183
2021FY-0.670-0.6752.4139,6809,399
2022FY-2.740-1.7723.49013,12712,898
2023FY2.670-3.19116,164-
2024FY2.5902.4242.39717,24117,173
2025FY3.3102.5420.76017,53817,423
2026FY-1.545--17,550
2027FY-1.527--17,640
2028FY-1.756--18,026

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-31191124,4224,2224,506
2026Q4S2026-10-30191134,4224,2224,506
2026Q4S2026-10-29191134,4234,2224,506
2026Q4S2026-10-2819074,4434,1804,563
2026Q4S2026-10-2119074,4434,1804,563
2026Q4S2026-10-1919064,4484,1804,617
2026Q4S2026-10-1619064,4554,1804,617
2026Q4S2026-10-1319064,4574,1804,617
2026Q4S2026-10-1219064,4584,2084,617
2026Q4S2026-10-1119054,4614,2084,617
2026Q4S2026-10-1019044,4684,2084,617
2026Q4S2026-10-0919054,4684,2084,617
2026Q4S2026-10-0719044,4794,2084,617
2026Q4S2026-09-3019044,4794,2084,617

Estimate history

EPS, annual3.340.813.878-2.0182.4133.493.1912.3970.7612.6288
Period201720182019202020212022202320242025TTM
EPS, quarterly0.6080.5160.5140.178-1.0481.1120.4831.105-0.072
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual10797.47911763.09612899.6725162.0829680.1413127.48516164.24917240.54517537.68317722.87
Period201720182019202020212022202320242025TTM
Sales, quarterly4183.1384346.5624277.0824404.874250.4644605.2674454.7184450.9934211.891
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual566.276527.48503.148494.318453.804379.088326.55294.374258.323251.602
Period201720182019202020212022202320242025MRQ
Shares, quarterly296.886294.374279.651272.182272.213258.323255.847251.586251.602
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue17,722.8717,537.6817,240.5416,164.2513,127.499,680.145,162.0812,899.6711,763.10
Cost of Goods Sold Incl. D&A11,093.2310,765.3510,224.649,367.6910,135.036,181.224,663.278,908.148,096.92
Gross Profit6,629.646,772.347,015.916,796.562,992.453,498.92498.813,991.533,666.18
Selling, General and Administrative Excl. Other5,602.095,435.585,353.485,213.474,707.612,935.112,507.542,480.892,335.23
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income1,027.551,336.761,662.421,583.09-1,715.16563.81-2,008.721,510.641,330.94
Interest Expense409.33419.04443.23460.29594.95799.59676.38847.93769.51
Unusual Expense356.81346.93163.0026.00-2,277.750.04201.49290.290.00
Net Income Before Taxes737.49280.781,117.071,472.76903.801,461.80-1,511.482,846.72634.01
Income Taxes-182.07-240.0952.46157.84697.07253.41-191.57632.3550.11
Consolidated Net Income919.56520.871,064.611,314.92206.731,208.39-1,319.912,214.38583.89
Net Income From Continuing Operations691.15211.09743.651,144.311,441.201,176.07-997.202,046.43445.45
Net Income691.15211.09743.651,144.311,441.201,176.07-997.202,046.43445.45
EPS (Recurring)3.731.642.763.24-0.372.41-1.734.260.81
EPS (Basic, Before Extraordinaries)2.660.772.423.223.522.44-2.023.900.82
EPS (Diluted)2.630.762.403.193.492.41-2.023.880.81
EBITDA2,128.652,354.552,493.522,397.222,204.491,903.34-614.772,887.072,508.99
Non-Operating Income (Expense)476.08-290.0160.87375.97936.161,697.621,375.112,474.3172.58
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense76.3560.4462.8958.1556.3251.0084.2368.6043.66
Price To Earnings Ratio12.5812.5812.3915.2411.4618.34-8.3930.58
Price To Sales Ratio0.440.580.620.991.052.263.021.361.13
Gross Margin37.4138.6240.6942.0522.8036.159.6630.9431.17
Operating Margin5.807.629.649.79-13.075.82-38.9111.7111.31
Net Margin3.901.204.317.0810.9812.15-19.3215.863.79
Shares Outstanding251.60258.32294.37326.55379.09453.80494.32503.15527.48
Market Capitalization8,364.548,364.5410,316.6915,261.9312,876.1921,046.9215,564.0217,133.5212,789.82

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue4,211.894,450.994,454.724,605.274,250.464,404.874,277.084,346.56
Cost of Goods Sold Incl. D&A2,754.882,754.072,728.252,856.032,665.582,687.402,556.332,603.62
Gross Profit1,457.021,696.931,726.461,749.241,584.881,717.471,720.761,742.94
Selling, General and Administrative Excl. Other1,362.121,394.811,421.031,424.141,365.471,338.641,307.331,389.85
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income94.90302.12305.44325.10219.41378.83413.42353.09
Interest Expense102.61102.13100.69103.90102.29105.58107.27108.58
Unusual Expense20.00146.0231.00159.79300.13-37.00-75.00148.00
Net Income Before Taxes21.89413.52202.2599.83-219.59133.76266.78205.68
Income Taxes-17.3190.7327.46-282.95-12.8615.6640.05-32.23
Consolidated Net Income39.21322.79174.79382.78-206.73118.09226.73237.92
Net Income From Continuing Operations-18.07284.84125.15299.23-285.6348.98148.51154.51
Net Income-18.07284.84125.15299.23-285.6348.98148.51154.51
EPS (Recurring)-0.021.500.571.53-0.280.080.330.86
EPS (Basic, Before Extraordinaries)-0.071.120.491.12-1.050.180.520.52
EPS (Diluted)-0.071.110.481.11-1.050.180.510.52
EBITDA371.30584.44569.16603.75480.13620.80649.87562.32
Non-Operating Income (Expense)49.60359.5528.5038.43-36.58-176.49-114.37109.17
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense11.8012.2727.7524.5310.8716.1428.5022.49
Price To Earnings Ratio12.5865.9449.00229.0619.1015.4012.4012.39
Price To Sales Ratio0.440.690.540.560.550.550.500.60
Gross Margin34.5938.1238.7637.9837.2938.9940.2340.10
Operating Margin2.256.796.867.065.168.609.678.12
Net Margin-0.436.402.816.50-6.721.113.473.55
Shares Outstanding251.60251.59255.85258.32272.21272.18279.65294.37
Market Capitalization8,364.5412,232.249,468.239,980.239,434.149,359.208,463.7310,316.69

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments2,062.992,415.532,927.835,911.895,203.065,101.642,329.601,526.761,499.99
Short Term Receivables1,343.091,328.931,070.58925.16857.78559.921,374.88685.64584.82
Inventories124.53140.56141.68126.0696.3788.32102.89110.83102.29
Other Current Assets801.80478.58770.501,191.57258.97200.78200.32203.55189.24
Total Current Assets4,332.424,363.604,910.598,154.696,416.185,950.664,007.692,526.782,376.36
Net Property, Plant & Equipment29,308.3229,728.4529,477.0129,754.8625,928.3022,918.7822,678.4420,729.8919,635.46
Total Investments and Advances978.07855.63762.80173.04967.041,447.04822.37732.871,033.30
Intangible Assets6,258.646,860.396,890.286,580.567,097.385,735.035,911.075,765.855,684.49
Deferred Tax Assets89.7939.595,965.545,985.713,195.282,634.061,389.86827.69894.40
Other Assets406.55383.98327.871,029.05490.21443.42456.79455.32430.44
Total Assets41,373.7942,231.6348,334.0951,677.9244,094.4039,128.9935,266.2231,038.3930,054.44
Short Term Debt Incl. Current Port. of LT Debt182.92172.2184.151,412.871,119.37112.0495.4543.41158.04
Accounts Payable421.50412.66461.72369.82263.10142.52235.44302.58255.03
Income Tax Payable--------0.00
Other Current Liabilities2,907.692,766.812,580.202,733.202,059.801,602.022,860.542,602.892,725.23
Total Current Liabilities3,512.113,351.683,126.074,515.893,442.261,856.583,191.422,948.883,138.30
Long Term Debt31,370.9431,681.4931,556.6732,670.3023,648.8220,901.0915,514.0615,088.0012,751.05
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities2,617.072,811.668,826.548,955.155,634.644,787.083,496.372,170.222,189.78
Other Liabilities597.36666.83457.32168.10244.35337.80296.41259.24284.42
Total Liabilities38,097.4738,511.6743,966.5946,309.4432,970.0827,882.5422,498.2520,466.3518,363.54
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity2,429.923,023.483,811.174,831.536,070.656,504.737,727.276,512.287,577.06
Total Shareholders Equity2,429.923,023.483,811.174,831.536,070.656,504.737,727.276,512.287,577.06
Accumulated Minority Interest846.40696.48556.33536.945,053.674,741.725,040.704,059.764,113.84
Total Equity3,276.323,719.964,367.505,368.4711,124.3111,246.4512,767.9710,572.0411,690.90
Total Liabilities & Stockholders Equity41,373.7942,231.6348,334.0951,677.9244,094.4039,128.9935,266.2231,038.3930,054.44
Book Value Per Share9.4110.2711.6712.7513.3813.1615.3612.3513.38
Tangible Book Value Per Share-14.82-13.03-9.43-4.61-2.261.563.611.423.34
Full-Time Employees78,00078,00045,00046,00059,00042,00070,00055,00068,000
Price to Book Ratio3.323.183.842.693.352.392.171.972.99
Return on Assets0.501.642.293.012.83-2.686.171.466.56
Return on Equity7.7421.7626.4826.4418.70-14.0128.746.3128.03
Return on Invested Capital0.622.143.243.843.96-3.648.812.069.51
Quick Ratio1.201.261.531.781.843.161.220.820.72
Current Ratio1.231.301.571.811.863.211.260.860.76

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income919.56520.871,064.611,314.92206.731,208.39-1,319.912,214.38583.89
Depreciation1,101.101,017.79831.10814.133,919.651,339.531,393.951,376.431,178.04
Other Funds (Non Cash)735.391,556.07791.63495.18-2,968.91-1,423.60-848.26-1,993.19401.46
Funds from Operations2,448.952,849.172,602.222,506.951,653.671,366.27-755.872,192.672,210.12
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital72.59-112.52-237.41192.16113.1616.85-673.21-281.57-164.95
Cash from Operating Activities2,521.532,736.652,364.822,699.121,766.821,383.12-1,429.081,911.102,045.17
Capital Expenditures-914.16-1,068.93-1,150.59-931.81-765.07-490.70-270.58-739.01-1,486.84
Net Assets From Acquisitions-0.00-113.88-122.06-1,889.12-1,789.600.00-535.68-1,034.53
Sale of Fixed Assets and Businesses526.597.1113.18465.821,166.333,995.032,461.974,806.4125.61
Purchase or Sale of Investments-184.33-237.76-182.08-161.04-254.79-226.89-96.92-81.88107.32
Purchase of Investments-184.33-237.76-182.08-161.04-254.79-226.89-96.92-81.88-56.30
Sale Or Maturity of Investments0.000.000.000.000.000.000.000.00163.62
Other Uses-115.86-48.490.00-125.95-523.360.000.00-31.11-17.21
Other Sources0.000.00147.88152.524,373.8246.110.870.000.00
Cash from Investing Activities-687.76-1,348.06-1,285.49-722.522,107.821,533.952,095.343,418.73-2,405.65
Cash Dividends Paid0.000.000.000.00-4.05-4.79-77.61-271.29-260.59
Change in Capital Stock-773.60-1,228.27-1,357.89-2,291.92-2,775.22-960.66170.98218.47-1,283.33
Repurchase of Common Pref Stock-773.60-1,228.27-1,357.89-2,291.92-2,775.22-1,753.51-353.72-1,031.53-1,283.33
Sale of Common Pref Stock0.000.000.000.000.00792.85524.701,250.010.00
Proceedsfrom Stock Options0.000.000.000.000.00792.85524.701,250.010.00
Issuance or Reduction of Debt, Net-533.17-180.45-8.90-2,382.9177.94-1,365.172,350.37-4,211.612,163.47
Change in Long Term Debt-96.68-187.06-113.32-1,285.60-1,070.34731.053,945.46-577.56921.22
Issuance of Long Term Debt1,053.32312.942,061.680.000.00731.054,792.283,186.61923.48
Reduction of Long Term Debt-1,150.00-500.00-2,175.00-1,285.60-1,070.340.00-846.82-3,764.17-2.27
Net Financing Active Other Cash Flow-261.96-322.37-197.49-308.27-321.61-483.48-340.32-265.17-230.32
Other Financing Activities Uses-261.96-322.37-197.49-308.27-321.61-483.48-340.32-265.17-230.32
Cash from Financing Activities-1,568.73-1,731.09-1,564.28-5,004.63-3,024.30-2,814.092,103.43-4,529.59389.23
Exchange Rate Effect-20.544.41-26.88-19.408.93-1.552.352.60-1.99
Net Change in Cash244.50-338.10-511.83-3,047.43859.27101.422,772.03802.8426.77
Free Cash Flow1,607.371,667.721,214.231,767.311,001.76892.42-1,699.661,172.10558.33
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow4.876.078.859.0713.8824.64-19.4944.78
Deferred Taxes & Investment Tax Credit--245.56-85.12-117.28496.19241.9518.35595.0546.72

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments2,395.962,547.382,292.832,062.992,133.551,958.02
Short Term Receivables1,108.361,219.971,227.521,343.091,096.751,271.04
Inventories123.51123.37123.16124.53127.10126.70
Other Current Assets560.98513.24885.25801.80574.37502.70
Total Current Assets4,188.804,403.954,528.764,332.423,931.783,858.47
Net Property, Plant & Equipment27,718.3127,841.9129,079.0029,308.3229,408.8029,501.90
Total Investments and Advances1,050.381,010.531,089.36978.071,042.07999.19
Intangible Assets5,995.156,026.846,194.636,258.646,558.976,891.71
Deferred Tax Assets128.32117.1998.6789.7968.9855.88
Other Assets393.11447.90411.73406.55400.28392.25
Total Assets39,474.0739,848.3341,402.1641,373.7941,410.8841,699.39
Short Term Debt Incl. Current Port. of LT Debt189.84172.06195.03182.92173.22165.50
Accounts Payable425.49422.88404.49421.50421.12383.47
Other Current Liabilities2,769.532,704.012,794.062,907.692,590.092,618.11
Total Current Liabilities3,384.863,298.953,393.573,512.113,184.433,167.09
Long Term Debt29,541.2629,986.6331,498.5431,370.9431,347.7231,425.94
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities2,591.842,600.032,614.532,617.072,839.142,801.42
Other Liabilities578.85586.66563.51597.36588.20562.08
Total Liabilities36,096.8136,472.2738,070.1538,097.4737,959.4937,956.53
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity2,504.412,513.782,433.422,429.922,675.982,973.77
Total Shareholders Equity2,504.412,513.782,433.422,429.922,675.982,973.77
Accumulated Minority Interest872.85862.28898.58846.40775.41769.10
Total Equity3,377.263,376.063,332.003,276.323,451.393,742.87
Total Liabilities & Stockholders Equity39,474.0739,848.3341,402.1641,373.7941,410.8841,699.39
Book Value Per Share9.959.999.519.419.8310.93
Tangible Book Value Per Share-13.87-13.96-14.70-14.82-14.26-14.39
Full-Time Employees---78,000--
Price to Book Ratio3.325.033.933.713.173.37
Return on Assets1.711.040.450.500.161.28
Return on Equity26.6815.447.107.742.2517.34
Return on Invested Capital-0.060.880.370.89-0.840.14
Quick Ratio1.201.301.301.201.191.18
Current Ratio1.241.331.331.231.231.22

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income39.21322.79174.79382.78-206.73118.09
Depreciation276.40282.31263.73278.66260.72241.97
Other Funds (Non Cash)200.09-79.98182.25433.02533.54318.92
Funds from Operations496.30492.07608.83851.74612.68660.77
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital61.7470.67-40.43-19.39138.42-55.17
Cash from Operating Activities558.05562.74568.40832.35751.10605.60
Capital Expenditures-221.66-241.38-154.66-296.45-275.99-268.44
Net Assets From Acquisitions---0.000.000.00
Sale of Fixed Assets and Businesses7.51506.955.636.500.520.03
Purchase or Sale of Investments-17.360.00-137.56-29.42-122.86-85.49
Purchase of Investments-17.360.00-137.56-29.42-122.86-85.49
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses-5.53-5.80-86.81-17.73-6.22-24.54
Other Sources0.000.000.000.000.00-0.42
Cash from Investing Activities-237.04259.77-373.40-337.10-404.55-378.86
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock0.00-173.60-88.90-511.10-0.01-227.88
Repurchase of Common Pref Stock0.00-173.60-88.90-511.10-0.01-227.88
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-412.83-328.74178.3930.00-49.84-210.99
Change in Long Term Debt-400.06-9.560.00312.940.00-500.00
Issuance of Long Term Debt-0.06740.440.00312.940.000.00
Reduction of Long Term Debt-400.00-750.000.000.000.00-500.00
Net Financing Active Other Cash Flow-65.59-88.37-49.57-58.44-122.64-109.97
Other Financing Activities Uses-65.59-88.37-49.57-58.44-122.64-109.97
Cash from Financing Activities-478.41-590.7139.92-539.53-172.50-548.85
Exchange Rate Effect5.94-8.37-6.44-11.682.228.78
Net Change in Cash-151.46223.44228.48-55.96176.28-313.33
Free Cash Flow336.38321.36413.74535.89475.11337.16
Price to Free Cash Flow4.877.065.445.896.757.39

Revenue breakdown

Casino2024: 8.79B 2025: 9.45B
Entertainment Retail And Other2024: 1.69B 2025: 1.66B
Food and Beverage2024: 3.08B 2025: 3.05B
Occupancy2024: 3.68B 2025: 3.38B
China2024: 4.02B 2025: 4.46B
Non-US, Other2024: 555.23M 2025: 661.96M
United States2024: 12.66B 2025: 12.41B
Consolidation, Policy2024: 681.73M 2025: 862.10M
Las Vegas Strip Resorts2024: 8.82B 2025: 8.44B
MGM China2024: 4.02B 2025: 4.46B
Regional Operations2024: 3.72B 2025: 3.77B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3011.60%21.1M182.2M4.05M
2026-10-1512.63%22.9M181.1M3.39M
2026-09-3010.48%19.0M181.4M3.05M
2026-09-1510.57%19.2M181.4M2.52M
2026-08-3110.41%18.9M181.4M3.28M
2026-08-1410.12%17.4M172.1M3.87M
2026-07-3111.53%20.0M173.4M4.24M
2026-07-1510.74%19.9M185.7M4.66M
2026-06-3010.18%18.9M185.7M4.85M
2026-06-1511.22%20.8M185.6M5.06M
2026-05-2914.25%26.5M185.7M4.78M
2026-05-1513.70%25.4M185.7M4.72M
2026-04-3010.49%19.5M185.7M4.95M
2026-04-1511.21%20.8M185.7M4.85M
2026-03-3112.58%24.1M191.2M5.08M
2026-03-1312.39%23.7M191.2M4.76M
2026-02-2711.90%22.8M191.2M4.56M
2026-02-1311.55%22.1M191.2M4.61M
2026-01-3012.52%25.6M204.4M4.44M
2026-01-1512.60%25.8M204.4M4.61M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call17.0014.9017.1015.353.89916.000.000.988-0.0200.002
call18.0013.9016.1010.663.5753.000.000.987-0.0200.002
call19.0012.9015.100.003.2380.000.000.986-0.0200.002
call20.0011.9014.107.503.1323.000.000.984-0.0200.002
call21.0010.9013.100.002.9010.000.000.983-0.0200.002
call22.0010.1011.900.002.4430.000.000.969-0.0320.004
call23.009.2010.700.002.0730.000.000.966-0.0310.004
call24.008.209.705.501.7956.000.000.963-0.0310.004
call25.007.208.708.091.6681130.000.959-0.0300.005
call26.006.207.707.401.49832.000.000.940-0.0380.006
call27.005.206.705.301.27038.000.000.933-0.0370.007
call28.004.405.604.801.0461,0100.000.923-0.0360.008
call29.003.604.504.300.8084,84810.000.911-0.0340.008
call30.002.503.602.980.7408720.000.844-0.0490.013
call31.002.152.552.450.5513,0484.000.777-0.0550.016
call32.001.051.851.600.5582,1530.000.667-0.0670.019
call33.000.851.151.000.4752,1350.000.549-0.0570.021
call34.000.500.650.550.4708126.000.412-0.0640.020
call35.000.200.300.250.4351,5862.000.245-0.0420.016
call36.000.050.300.150.5601,2830.000.208-0.0500.015
call37.000.000.300.150.66867.000.000.168-0.0490.013
call38.000.000.150.100.6331550.000.099-0.0320.009
call39.000.000.350.050.7211610.000.090-0.0340.008
call40.000.000.050.050.6415480.000.038-0.0160.004
call41.000.000.200.050.7171,0130.000.035-0.0160.004
call42.000.000.300.150.7831320.000.033-0.0170.004
call43.000.000.300.100.8463980.000.030-0.0170.004
call44.000.000.300.200.90137.000.000.029-0.0170.003
call45.000.000.350.180.9661560.000.027-0.0180.003
call46.000.000.050.050.9921,0550.000.026-0.0170.003
call47.000.000.050.851.04560.000.000.025-0.0170.003
call48.000.000.050.081.09648.000.000.024-0.0170.003
call49.000.000.050.501.1463.000.000.023-0.0170.003
call50.000.000.050.051.1942630.000.022-0.0180.003
call55.000.000.350.101.4597.000.000.019-0.0200.002
put17.000.000.350.102.0332.000.00-0.012-0.0180.002
put18.000.000.350.001.8760.000.00-0.013-0.0180.002
put19.000.000.350.001.7270.000.00-0.014-0.0180.002
put20.000.000.050.191.51627.000.00-0.016-0.0160.002
put21.000.000.050.021.38560.000.00-0.017-0.0160.002
put22.000.000.100.051.48067.000.00-0.031-0.0290.004
put23.000.000.100.161.3434090.00-0.034-0.0290.004
put24.000.000.100.011.2151660.00-0.037-0.0280.004
put25.000.000.100.041.0872,0610.00-0.041-0.0270.005
put26.000.000.350.041.1963900.00-0.081-0.0510.008
put27.000.000.250.050.9201,3630.00-0.067-0.0340.007
put28.000.000.250.050.7862,7640.00-0.077-0.0320.008
put29.000.050.150.050.6681,2810.00-0.089-0.0310.008
put30.000.100.300.120.6721,2340.00-0.156-0.0460.013
put31.000.050.450.240.6241,8130.00-0.223-0.0520.016
put32.000.150.800.470.6451,3970.00-0.328-0.0610.019
put33.000.650.900.890.4822040.00-0.451-0.0530.021
put34.001.151.901.450.6981050.00-0.588-0.0600.020
put35.001.852.252.100.53398.001.00-0.755-0.0380.016
put36.002.603.803.340.9781910.00-0.792-0.0460.015
put37.003.604.808.201.1170.000.00-0.832-0.0450.013
put38.004.605.805.041.24533.000.00-0.901-0.0280.009
put39.005.406.905.331.4230.000.00-0.911-0.0300.008
put40.006.407.907.851.5541.000.00-0.962-0.0110.004
put41.007.408.908.721.6620.000.00-0.965-0.0110.004
put42.008.409.909.811.7330.000.00-0.967-0.0120.004
put43.009.4010.9010.851.8640.000.00-0.969-0.0120.004
put44.0010.1012.1011.702.0822.000.00-0.971-0.0120.003
put45.0011.0013.1012.722.2441.000.00-0.973-0.0130.003
put46.0011.9014.105.302.2630.000.00-0.974-0.0130.003
put47.0013.0015.104.852.3480.000.00-0.975-0.0130.003
put48.0013.9016.1015.812.4310.000.00-0.976-0.0130.003
put49.0014.9017.100.002.5100.000.00-0.977-0.0130.003
put50.0015.9018.100.002.5870.000.00-0.978-0.0130.003
put55.0020.8023.1022.702.9381.000.00-0.981-0.0140.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-06SCHEDULE 13D/ASEC
2026-11-06SCHEDULE 13G/ASEC
2026-11-034Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-10-28SCHEDULE 13D/ASEC
2026-10-2810-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-288-KCurrent report2026-10-28SEC
2026-10-288-KCurrent report2026-10-27SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-084Statement of changes in beneficial ownership of securities2026-10-07SEC
2026-10-074Statement of changes in beneficial ownership of securities2026-10-05SEC
2026-10-074Statement of changes in beneficial ownership of securities2026-10-05SEC
2026-10-074Statement of changes in beneficial ownership of securities2026-10-05SEC
2026-10-074Statement of changes in beneficial ownership of securities2026-10-05SEC
2026-10-074Statement of changes in beneficial ownership of securities2026-10-05SEC
2026-10-074Statement of changes in beneficial ownership of securities2026-10-05SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-064Statement of changes in beneficial ownership of securities2026-10-02SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-09-30SEC
2026-09-24SCHEDULE 13D/ASEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-11227.34K100
2026-1051.51M100
2026-090000
2026-080000
2026-070000
2026-060000
2026-0500256.59K1
2026-040000
2026-0337.22M21.29M1
2026-020000
2026-010000
2025-1239.88M100
2025-110000

Institutional holders

Manager% owned
DAVIS SELECTED ADVISERS9.56%
BlackRock, Inc.4.94%
VANGUARD CAPITAL MANAGEMENT LLC4.75%
Starlite Capital INC3.65%
VANGUARD PORTFOLIO MANAGEMENT LLC3.23%
STATE STREET CORP2.75%
Invesco Ltd.2.10%
Corvex Management LP2.09%
GEODE CAPITAL MANAGEMENT, LLC1.94%
MORGAN STANLEY1.85%

Funds

Fund% owned
PGIM High Yield Fund25.99%
PGIM Short Duration High Yield Income Fund8.84%
Federated Hermes Institutional High Yield Bond Fund6.45%
iShares Broad USD High Yield Corporate Bond ETF6.10%
BlackRock High Yield Portfolio6.05%
iShares iBonds 2026 Term High Yield and Income ETF5.66%
Oakmark Equity and Income Fund5.42%
PIMCO Investment Grade Credit Bond Fund5.00%
Loomis Sayles Core Plus Bond Fund4.60%
Fidelity Capital and Income Fund4.42%

OakChart. MGM. Cached 15 minutes.