Fundamental analysis · SEC EDGAR · TTM through 30/06/2026

Fundamental analysis of Mgm Resorts International

MGM · NYSE · Consumer

Fundamental quality

DEMANDING

54

out of 100

Mgm Resorts International earns a fundamental-quality score of 54 out of 100, profiling it as a company with demanding fundamentals. Its score rests mainly on its financial strength (net debt 1.67× EBITDA). Its weakest area is its growth (revenue +25.2%/yr). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

MGM Resorts owns the Las Vegas Strip: Bellagio, MGM Grand, Aria and half the avenue more, alongside regional casinos, Macau and the BetMGM online bet. The physical casino empire trying to make digital gaming and Japan its second winning hand.

What will shape its future

  • Las Vegas: occupancy, events and spend per visitor, its central thermometer.
  • BetMGM and online gaming, the battle for the casino in your phone.
  • Its Japan megaproject, the capital bet of the coming decade.

Breakdown by area

I.Growth
34

EPS growth: -21.4% · Revenue growth: 25.2%

II.Profitability
55

Net margin: 2.4% · ROE: 16.9% · ROIC: 16.9%

III.Financial health
73

Net debt/EBITDA: 1.67x · FCF: 8.4%

Source: SEC EDGAR · TTM through 30/06/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Versus its sector

Percentile against the other 98 Consumer companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 31%
ROEbeats 52%
Growthbeats 87%
Cash generationbeats 56%
Less debtbeats 51%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Mgm Resorts International strengths

  • Revenue growing strongly (25.2% annualized).
  • It has turned profitable after years of losses.
  • Revenue rising without interruption since 2020.
  • It has cut its net debt over the period.

Mgm Resorts International risks and weaknesses

  • Declining earnings per share (-21.4% annualized).
  • Thin margins (net margin of 2.4%), little cushion for setbacks.

Mgm Resorts International historical evolution

YearRevenueNet incomeFree cash flowNet debt
20205,162-1,033-1,7647,275
20219,6801,2548838,068
202213,1271,4739912,807
202316,1641,1421,7593,416
202417,2417471,2123,947
202517,5382061,4604,167

Between 2020 and 2025, revenue went from $5,162M to $17,538M (+240%) and net income went from -$1,033M to $206M (+120%). It has also reduced its net debt over the period.

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the half-year ended June 30, 2026, versus the half-year ended June 30, 2025 (SEC filings):

  • Revenue+2.6%
  • Net income+111.4%

What changed with the June 30, 2026 results

Compared with the previous close (March 31, 2026), this is what moved in its accounts:

  • Quality score4554
  • Net margin1%2.4%
  • ROE7.5%16.9%
  • Revenue growth26.5%25.2%
  • Net debt/EBITDA2.09×1.67×

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

$0.01

per share, yearly

The dividend yield depends on today's price. Compute it in the analyzer → · See all dividend-paying stocks →

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Is Mgm Resorts International cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

Compute the valuation →

Frequently asked questions

Is Mgm Resorts International a good company to invest in?

In terms of business quality, Mgm Resorts International scores 54 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Mgm Resorts International a profitable company?

Mgm Resorts International is profitable, with a net margin of 2.4%, though a thin one.

Does Mgm Resorts International have a lot of debt?

A moderate level: its net debt is 1.67 times its EBITDA.

Is Mgm Resorts International growing?

Its revenue has grown 25.2% annualized in recent years, and without interruption since 2020.

Does Mgm Resorts International generate cash?

Yes. It converts about 8.4% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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