MGM Resorts International

NYSE:MGM Stock Report

Market Cap: US$10.3b

MGM Resorts International Past Earnings Performance

Past criteria checks 2/6

MGM Resorts International has been growing earnings at an average annual rate of 3.6%, while the Hospitality industry saw earnings growing at 33.3% annually. Revenues have been growing at an average rate of 15.9% per year. MGM Resorts International's return on equity is 31.3%, and it has net margins of 5.2%.

Key information

3.6%

Earnings growth rate

11.3%

EPS growth rate

Hospitality Industry Growth19.5%
Revenue growth rate15.9%
Return on equity31.3%
Net Margin5.2%
Next Earnings Update12 Feb 2025

Recent past performance updates

Recent updates

MGM Resorts: Ready To Roll The Dice On A Market Leader And Cashflow Generator

Jan 13

MGM Resorts International (NYSE:MGM) Seems To Use Debt Quite Sensibly

Jan 12
MGM Resorts International (NYSE:MGM) Seems To Use Debt Quite Sensibly

Investors Holding Back On MGM Resorts International (NYSE:MGM)

Dec 07
Investors Holding Back On MGM Resorts International (NYSE:MGM)

Why MGM Is A Buy: The Complete Guide

Nov 11

Here's Why We Think MGM Resorts International (NYSE:MGM) Is Well Worth Watching

Oct 13
Here's Why We Think MGM Resorts International (NYSE:MGM) Is Well Worth Watching

Is MGM Resorts International (NYSE:MGM) A Risky Investment?

Sep 29
Is MGM Resorts International (NYSE:MGM) A Risky Investment?

Rolling The Dice With MGM Resorts: Growth On The Strip, But Risks Linger

Sep 25

Not Many Are Piling Into MGM Resorts International (NYSE:MGM) Just Yet

Aug 16
Not Many Are Piling Into MGM Resorts International (NYSE:MGM) Just Yet

MGM: Buy On The Dip Despite Lingering Negative Sentiment

Aug 09

Analyst Estimates: Here's What Brokers Think Of MGM Resorts International (NYSE:MGM) After Its Second-Quarter Report

Aug 02
Analyst Estimates: Here's What Brokers Think Of MGM Resorts International (NYSE:MGM) After Its Second-Quarter Report

MGM: Could Be First Breakout Among Gaming Stocks From Current Undervalued Sector

Jul 02

MGM Resorts International (NYSE:MGM) Shares Could Be 33% Below Their Intrinsic Value Estimate

Jun 21
MGM Resorts International (NYSE:MGM) Shares Could Be 33% Below Their Intrinsic Value Estimate

Does MGM Resorts International (NYSE:MGM) Have A Healthy Balance Sheet?

May 22
Does MGM Resorts International (NYSE:MGM) Have A Healthy Balance Sheet?

MGM Resorts International: A Promising Investment Opportunity

May 07

MGM Resorts International's (NYSE:MGM) Prospects Need A Boost To Lift Shares

Mar 22
MGM Resorts International's (NYSE:MGM) Prospects Need A Boost To Lift Shares

MGM Resorts International's (NYSE:MGM) Intrinsic Value Is Potentially 44% Above Its Share Price

Feb 15
MGM Resorts International's (NYSE:MGM) Intrinsic Value Is Potentially 44% Above Its Share Price

MGM Resorts: Super Bowl And Chinese New Year Together Pose Unprecedented Upside Catalyst For Q1

Jan 11

MGM Resorts: Shares Look Attractive Amid Recovery In Macau

Dec 07

MGM Resorts: Despite Cyberattack, Best Recession-Resistant Play In The Sector

Nov 03

MGM Resorts: A High-Risk High-Reward Opportunity

Oct 13

MGM Resorts: Impact Of Ransomware Attack

Sep 25

MGM Resorts: Pent-Up Demand Likely To Translate Into Higher Profits

Sep 01

MGM Resorts: Trading At Attractive Multiples, Potential For +40% Price Appreciation

Aug 18

MGM Resorts: BetMGM First Half Result Adds To Rationale To Buy It Now

Jul 28

MGM Resorts International: Value, Growth, Deleveraging, And Buybacks

Jul 13

MGM: A Dip Signals A Buy As Value Scenario Grows With Sector Recovery

Jun 08

MGM Resorts: Smart Corporate Strategy Is The Engine For Much Higher Valuation

Feb 08

MGM Resorts added as a new long idea at Hedgeye

Jan 12

MGM Resorts: Raise Your Bet For 2023

Dec 25

MGM Sees Vegas Recovery, Regional Resilience And BetMGM Growth

Nov 03

MGM Resorts Is The Best Bet Among Casino Stocks Right Now

Oct 18

Revenue & Expenses Breakdown

How MGM Resorts International makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:MGM Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2417,2229035,3380
30 Jun 2417,0128805,3500
31 Mar 2416,6278945,2760
31 Dec 2316,1191,1445,2130
30 Sep 2315,3341,0965,1790
30 Jun 2314,7783665,1950
31 Mar 2314,1021,9365,0820
31 Dec 2213,0821,4414,7080
30 Sep 2212,5511,2824,2540
30 Jun 2211,7693,1943,6610
31 Mar 2210,7071,4903,1990
31 Dec 219,4541,1762,9350
30 Sep 217,8016152,6830
30 Jun 216,271-1,2612,5650
31 Mar 214,352-2,1532,4400
31 Dec 204,917-9972,4890
30 Sep 206,6011,4722,5270
30 Jun 208,7141,9642,5060
31 Mar 2011,5522,8342,5330
31 Dec 1912,4632,0462,5730
30 Sep 1912,32622,3570
30 Jun 1912,0421812,3680
31 Mar 1911,6842542,3400
31 Dec 1811,3384452,3350
30 Sep 1810,8931,8442,4090
30 Jun 1810,6981,8542,3200
31 Mar 1810,4971,9462,2140
31 Dec 1710,3951,9342,1070
30 Sep 1710,2635891,9390
30 Jun 179,9519761,9110
31 Mar 179,5671,2411,8980
31 Dec 169,0811,1001,8310
30 Sep 168,7892951,7350
30 Jun 168,556-1741,6550
31 Mar 168,669-5511,6240
31 Dec 158,791-4481,6550
30 Sep 158,986-91,6250
30 Jun 159,191-951,6330
31 Mar 159,394-831,6130
31 Dec 149,699-1501,5970
30 Sep 149,8311361,5740
30 Jun 149,8151341,5560
31 Mar 149,719-761,5340

Quality Earnings: MGM has high quality earnings.

Growing Profit Margin: MGM's current net profit margins (5.2%) are lower than last year (7.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MGM's earnings have grown by 3.6% per year over the past 5 years.

Accelerating Growth: MGM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MGM had negative earnings growth (-17.5%) over the past year, making it difficult to compare to the Hospitality industry average (15.2%).

Return on Equity

High ROE: Whilst MGM's Return on Equity (31.29%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 04:56
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

MGM Resorts International is covered by 53 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Alistair ScobieAtlantic Equities LLP
Ishan MajumdarBaptista Research