Stocks · Consumer Cyclical · Gambling, Resorts & Casinos
MGM Resorts International MGM
$30.48 +0.03% Close, Oct 2, 2026 · NYSE · Market cap $7.67B
Next earnings report: Oct 28, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 13.7× EBITDA, a high level of leverage.
- The diluted share count fell 6.5% in a year, mainly through buybacks.
- The stock is 40% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Consumer Cyclical sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 46%
- EPS growth (TTM, YoY)Bottom 40%
- FCF growth (TTM, YoY)Top 43%
- Revenue growth, 3-year CAGRTop 18%
- Revenue growth accelerationBottom 45%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 31%
- Gross marginTop 33%
- Operating marginBottom 48%
- Cash conversion (OCF / net income)Top 12%
- Accruals (lower is better)Bottom 50%
- Net debt / EBITDA (lower is better)Bottom 6%
- Interest coverBottom 37%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 40%
- Free-cash-flow yieldTop 6%
- EBITDA / enterprise valueBottom 30%
- Sales / enterprise valueBottom 31%
- P/E vs own 5-year history (lower is better)Bottom 45%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 27%
- 6-month returnBottom 24%
- 1-year return vs S&P 500Bottom 43%
- Distance from 52-week highBottom 29%
- Trend checklist (0–4)Bottom 47%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 28%
- Consecutive EPS beatsBottom 33%
- Share of analysts rating BuyTop 48%
- Upside to consensus price targetTop 21%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 21%
- Maximum drawdown, 3 yearsTop 35%
- Beta vs S&P 500 (lower is better)Bottom 49%
- Net debt / EBITDA (lower is better)Bottom 6%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 3.4% | 3.2% | ↓ |
| EPS growth (YoY) | -67.9% | -9.3% | ↑ |
| Gross margin | 45.0% | 44.2% | ↓ |
| Operating margin | 8.1% | 5.7% | ↓ |
| FCF margin | 7.5% | 9.4% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 3.2% | 3.4% | ↓ | Bottom 46% |
| EPS growth (TTM, YoY) | -9.3% | -67.9% | ↑ | Bottom 40% |
| Gross margin | 44.2% | 45.0% | ↓ | Top 33% |
| Operating margin | 5.7% | 8.1% | ↓ | Bottom 48% |
| Net margin | 2.4% | 3.1% | ↓ | — |
| Free-cash-flow margin | 9.4% | 7.5% | ↑ | — |
| Return on invested capital | 2.7% | — | Bottom 31% | |
| Revenue growth, 3-year CAGR | 10.1% | — | Top 18% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -5.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.5%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -7.3 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 13.72×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 0.00%
- Net buyback yield (TTM)
- 10.09%
- Shareholder yield
- 10.09%
- Share count change, 1 year
- -6.5%
- Share count change, 3-year CAGR
- -11.0%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 29, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 5 of 8
- Average EPS surprise, last 4
- +29.8%
- Average 2-day reaction, last 8
- -0.9%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $48.61
- Target vs current price
- +59.5%
- Analysts with a rating
- 37
- Share rating Buy or Strong Buy
- 51%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +5.5% | -0.8% | -1.0% | -6.2% | — |
| Apr 29, 2026 | -1.3% | -1.2% | -4.6% | +5.6% | +14.6% |
| Feb 5, 2026 | +150.0% | -1.8% | -1.5% | +0.5% | +4.3% |
| Oct 29, 2025 | -35.1% | -2.3% | -0.3% | +6.9% | +6.7% |
| Jul 30, 2025 | +36.2% | +1.3% | -6.5% | +2.9% | -12.6% |
| Apr 30, 2025 | +38.0% | -1.1% | -1.2% | +0.0% | +20.9% |
| Feb 12, 2025 | +21.6% | +0.3% | +11.9% | -9.6% | -6.0% |
| Oct 30, 2024 | -11.5% | -1.4% | -13.7% | -10.6% | -20.2% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $0.59 | $0.56 | +5.5% | $4.45B |
| Apr 29, 2026 | $0.49 | $0.50 | -1.3% | $4.45B |
| Feb 5, 2026 | $1.60 | $0.64 | +150.0% | $4.61B |
| Oct 29, 2025 | $0.24 | $0.37 | -35.1% | $4.25B |
| Jul 30, 2025 | $0.79 | $0.58 | +36.2% | $4.40B |
| Apr 30, 2025 | $0.69 | $0.50 | +38.0% | $4.28B |
| Feb 12, 2025 | $0.45 | $0.37 | +21.6% | $4.35B |
| Oct 30, 2024 | $0.54 | $0.61 | -11.5% | $4.18B |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 18.5× | 16.2× | 58th | Top 40% |
| P/E (forward) | 16.3× | — | — | — |
| EV / EBITDA | 17.6× | — | — | Bottom 30% |
| EV / Sales | 1.97× | — | — | Bottom 31% |
| Free-cash-flow yield | 21.80% | — | — | Top 6% |
| Earnings yield | 5.41% | — | — | Top 40% |
P/E over the past five years
Range 4.8× – 195.1× since Sep 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -12.1%
- Earnings per share growth (TTM)
- -9.3%
- Change in P/E multiple
- +33.5%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -9.1%
- 200-day average slope (20 days)
- +0.5%
- Distance from 50-day average
- -25.6%
- Distance from 200-day average
- -23.3%
- RSI (14)
- 11.7
- Relative volume
- 0.85×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 30.7%
- Volatility vs own 5-year history
- 18th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.05
- Correlation with S&P 500
- 0.42
- Current drawdown from 1-year high
- -39.9%
- Maximum drawdown, 3 years
- -46.0%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 28, 2023 | Apr 8, 2025 | -49.3% | 425 days | Not yet recovered |
| Nov 5, 2021 | Jun 23, 2022 | -46.1% | 157 days | 275 days (Jul 28, 2023) |
| Jun 8, 2021 | Jul 19, 2021 | -17.1% | 28 days | 47 days (Sep 23, 2021) |
| Oct 23, 2020 | Oct 28, 2020 | -14.0% | 3 days | 8 days (Nov 9, 2020) |
| Apr 27, 2021 | May 12, 2021 | -12.0% | 11 days | 9 days (May 25, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $7.67B
- P/E (TTM)
- 18.5
- EPS, diluted (TTM)
- $1.65
- Revenue (TTM)
- $17.76B
- 52-week range
- $29.19 – $51.59
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $9.68B | $13.13B | $16.16B | $17.24B | $17.54B |
| Gross profit | $4.65B | $6.47B | $7.61B | $7.85B | $7.79B |
| Operating income | $2.28B | $1.44B | $1.89B | $1.49B | $1.00B |
| Net income | $1.25B | $1.47B | $1.14B | $746.6M | $206.3M |
| EPS (diluted) | $2.41 | $0.50 | $3.19 | $2.40 | $0.76 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.18B | $4.35B | $4.28B | $4.40B | $4.25B | $4.61B | $4.45B | $4.45B |
| Net income | $184.6M | $157.4M | $148.6M | $49.0M | -$285.3M | $294.0M | $125.1M | $292.4M |
| EPS (diluted) | $0.61 | $0.52 | $0.51 | $0.18 | -$1.05 | $1.11 | $0.48 | $1.11 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.37B | $1.77B | $2.70B | $2.36B | $2.74B |
| Capital expenditure | -$490.7M | -$765.1M | -$931.8M | -$1.15B | -$1.07B |
| Free cash flow | $882.7M | $1.00B | $1.77B | $1.21B | $1.67B |
| Dividends paid | -$4.8M | -$4.0M | $0 | $0 | $0 |
| Net share buybacks | -$960.7M | -$2.78B | -$2.29B | -$1.36B | -$1.23B |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $2.55B
- Total assets
- $39.85B
- Total liabilities
- $36.47B
- Total debt
- $29.85B
- Net debt
- $27.30B
- Shareholders’ equity
- $2.51B
As of Jun 30, 2026 (filed Jul 29, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Dec 8, 2022 | $0.00 | Dec 15, 2022 |
| Sep 8, 2022 | $0.00 | Sep 15, 2022 |
| Jun 9, 2022 | $0.00 | Jun 15, 2022 |
| Mar 9, 2022 | $0.00 | Mar 15, 2022 |
| Dec 9, 2021 | $0.00 | Dec 15, 2021 |
| Sep 9, 2021 | $0.00 | Sep 15, 2021 |
| Jun 9, 2021 | $0.00 | Jun 15, 2021 |
| Mar 9, 2021 | $0.00 | Mar 15, 2021 |
Short interest
- Shares sold short
- 19,166,378
- Days to cover
- 9.27
- Change vs previous report
- +1.5%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- May 19, 2005
- 2-for-1
- Feb 28, 2000
- 2-for-1