Stocktoria

MGM Resorts International MGM

NYSE · stock · Hotels & Motels · website · IPO 1989-12-13 · LEI

MGM Resorts International statistics & valuation

Market cap$12.6B
P / E61.1×
P / S0.7×
P / B3.9×
P / FCF8.6×
Net margin1.2%
Return on equity6.3%
FCF margin8.3%
Net debt$4.2B
Net debt / EBITDA2.1×
Enterprise value USD$16.8B
EV / EBITDA8.3×
Earnings yield EBIT/EV6%
Return on capital2.6%
Graham number -67.8%$14.17

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($14.17); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.60% 18.10% 4.00% 15.90% -20.00% 13.00% 11.20% 7.10% 4.30% 1.20% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
21.90% 15.90% 12.50% 30.50% -12.40% 23.50% 11.00% 11.70% 8.60% 5.70% 2016201720182019202020212022202320242025
Return on equity (%)
11.10% 16.80% 4.50% 16.20% -9.20% 11.40% 28.30% 26.40% 20.30% 6.30% 2016201720182019202020212022202320242025
Shares outstanding
574.1M 578.8M 549.5M 527.6M 494.3M 487.4M 413.0M 358.6M 310.2M 277.3M 2016201720182019202020212022202320242025
Net debt ($)
$11.54B $11.41B $13.60B $8.84B $7.28B $8.07B $2.81B $3.42B $3.95B $4.17B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
3.90% 6.70% 1.50% 6.00% -2.80% 3.10% 3.20% 2.70% 1.80% 0.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-7.70% 3.20% 2.00% 8.30% -34.20% 9.10% 7.60% 10.90% 7.00% 8.30% 2016201720182019202020212022202320242025
Debt / equity (×)
1.31× 1.11× 1.45× 0.88× 1.11× 1.16× 1.67× 1.46× 1.73× 1.91× 2016201720182019202020212022202320242025
EPS ($)
$1.92 $3.34 $0.81 $3.88 -$2.02 $2.41 $3.49 $3.19 $2.40 $0.76 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

MGM Resorts International trades at about 57.9× earnings — above its 10-year norm (10-year range 2.3×–44.1×, median 14.4×).

2.3× 57.9×

Shaded band = 10-year range (2.3×–44.1×); dot = today's 57.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin5.7%8.6%11.7%11.0%23.5%-12.4%30.5%12.5%15.9%21.9%
Net margin1.2%4.3%7.1%11.2%13.0%-20.0%15.9%4.0%18.1%11.6%
FCF margin8.3%7.0%10.9%7.6%9.1%-34.2%8.3%2.0%3.2%-7.7%
Return on assets0.5%1.8%2.7%3.2%3.1%-2.8%6.0%1.5%6.7%3.9%
Return on equity6.3%20.3%26.4%28.3%11.4%-9.2%16.2%4.5%16.8%11.1%
Debt / equity1.91×1.73×1.46×1.67×1.16×1.11×0.88×1.45×1.11×1.31×
Current ratio1.231.301.571.811.863.211.260.860.760.97

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.