MGM Resorts International(MGM) Stock Research - Grey Stern Research

MGM Resorts International (MGM) Stock Analysis

$37.51 (-2.04%)

MGM Financial Performance


Use the table below to view MGM Resorts International's financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $37.51 -
52 Week Low $33.44 -
52 Week High $48.25 -
Market Cap $11.2 Billion 2/7
Gross Margin 45% 4/7
Profit Margin 4% 3/7
EBITDA margin 15% 5/7
Q3 - 2024 Revenue $4.2 Billion 1/7
Q3 - 2024 Earnings $184.6 Million 2/7
Q3 - 2024 Free Cash Flow $331.2 Million 3/7
Trailing 4 Quarters Revenue $17.3 Billion 1/7
Trailing 4 Quarters Earnings $902.7 Million 3/7
Quarterly Earnings Growth 15% 5/7
Annual Earnings Growth 18% 4/7
Quarterly Revenue Growth 5% 4/7
Annual Revenue Growth 9% 5/7
Cash On Hand $3.0 Billion 2/7
Short Term Debt $675.0 Million 3/7
Long Term Debt $6.2 Billion 6/7

MGM Resorts International Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare MGM Resorts International's metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 12.37 2/7
PS 0.65 5/7
PB 2.90 3/7
PC 3.79 6/7
Liabilities to Equity 12.03 2/7
ROA 0.02 4/7
ROE 0.28 3/7
Current Ratio 1.10 4/7
Quick Ratio 0.08 4/7
Long Term Debt to Equity 1.93 5/7
Debt to Equity 2.14 5/7
Burn Rate 12.63 1/7
Cash to Cap 0.26 2/7
CCR 1.79 4/7
EV to EBITDA 23.56 5/7
EV to Revenue 0.88 7/7

Company Details

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its 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.

CEO: Mr. William Hornbuckle

Website: https://www.mgmresorts.com

Address: 3600 LAS VEGAS BLVD S Las Vegas, NEVADA

Exchange: New York Stock Exchange

Industry: Resorts & Casinos

MGM Resorts International Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to MGM Resorts International. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Caesars Entertainment, Inc. CZR $8.1 Billion
Wynn Resorts, Limited WYNN $10.3 Billion
Las Vegas Sands Corp. LVS $39.1 Billion
Melco Resorts & Entertainment Limited MLCO $2.7 Billion
Penn National Gaming, Inc. PENN $3.3 Billion
Red Rock Resorts, Inc. RRR $3.0 Billion
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
MGM Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 4.2 Billion $184.6 Million
Q2 2024 $ 4.3 Billion $187.2 Million
Q1 2024 $ 4.4 Billion $217.5 Million
Q4 2023 $ 4.4 Billion $313.5 Million
Q3 2023 $ 4.0 Billion $161.1 Million
Q2 2023 $ 3.9 Billion $200.8 Million
Q1 2023 $ 3.9 Billion $466.8 Million
Q4 2022 $ 3.6 Billion -$320.0 Million

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MGM Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $3.0 Billion $42.7 Billion $6.9 Billion $3.9 Billion
Q2 2024 $2.4 Billion $41.8 Billion $31.7 Billion $3.8 Billion
Q1 2024 $2.7 Billion $42.1 Billion $31.7 Billion $4.1 Billion
Q4 2023 $2.9 Billion $42.4 Billion $31.5 Billion $4.4 Billion
Q3 2023 $3.3 Billion $44.8 Billion $32.2 Billion $4.0 Billion
Q2 2023 $3.8 Billion $42.9 Billion $31.8 Billion $4.4 Billion
Q1 2023 $4.5 Billion $43.5 Billion $32.0 Billion $4.8 Billion
Q4 2022 $5.9 Billion $45.7 Billion $33.9 Billion $4.8 Billion

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MGM Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $331.2 Million -$336.3 Million $536.8 Million
Q2 2024 $220.9 Million -$238.2 Million -$308.1 Million
Q1 2024 $368.2 Million -$172.1 Million -$205.5 Million
Q4 2023 $387.2 Million -$328.8 Million -$388.5 Million
Q3 2023 $375.4 Million $0 $375.4 Million
Q2 2023 $404.3 Million $0 $404.3 Million
Q1 2023 $564.2 Million -$139.8 Million -$1.4 Billion
Q4 2022 $114.7 Million -$308.5 Million $741.0 Million

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