Is MGM Resorts (MGM) overvalued or fairly valued?

MarketChacha shows MGM Resorts's valuation in context — a trailing P/E of about 39.5, a forward P/E of about 15.2, a price-to-book of about 2.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does MGM Resorts's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (3.62×) from reported figures — education, not a rating.

What is MGM Resorts's revenue?

MGM Resorts reported revenue of $17.5B for FY2025, with net profit of $205.9M, per official filings.

What is the share price of MGM Resorts (MGM)?

MGM Resorts last traded at $28.47 (-0.5% on the day), as of 10/19/2026 — a delayed quote shown for education, not investment advice.

MGM Resorts

MGM · NYSE · Consumer Discretionary · United States

Snapshot

TickerMGM

ExchangeNYSE

SectorConsumer Discretionary

IndustryResorts & Casinos

CountryUnited States

Employees60,000

HeadquartersLas Vegas, United States

Websitewww.mgmresorts.com

Filings tracked17

About MGM Resorts

MGM Resorts International, through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally. It operates through four segments: Las Vegas Strip Resorts, Regional Operations, MGM China, and MGM Digital. The company operates casino resorts that offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities, as well as online/digital games through its online platforms. Its casino operations include slots and table games, as well as live dealer, online sports betting, and iGaming through BetMGM. The company's 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.

Who owns it

Insiders28.0%
Institutions68.0%
Public & other4.0%

863 institutional holders

Ownership breakdown from public market data.

Top holders

Davis Selected Advisers9.50%
Blackrock Inc.5.02%
Vanguard Capital Management LLC4.83%
Starlite Capital Inc3.71%
Vanguard Portfolio Management LLC3.29%
State Street Corporation2.80%
Invesco Ltd.2.14%
Corvex Management LP2.13%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 5.9 points over the period — profitability is trending down.

Cash conversion3.62×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend7.1% → 1.2%

Margin has compressed by about 5.9 points over the period — profitability is trending down.

Growth qualityrev 4% · PAT -58%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $4.5B · EPS 0.46

Est. earnings growth -71.2%

Next fiscal year

Rev $17.8B · EPS 1.90

Est. earnings growth +6.1%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$17.5B

Net margin

1.2%

ROE

8.5%

Revenue CAGR (2y)

+4.2%

Profit CAGR (2y)

-57.5%

EPS (FY2025)

0.76

Net profit (FY2025)

$205.9M

Ask MarketChacha about MGM

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$17.5B	$205.9M	0.76	1.2%	8.5%
FY2024	$17.2B	$746.6M	2.40	4.3%	24.7%
FY2023	$16.2B	$1.1B	3.19	7.1%	30.0%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$4.5B	$292.4M	1.11	6.6%
2026Q1	$4.5B	$125.1M	0.48	2.8%
2025Q3	$4.3B	$-285.3M	-1.05	-6.7%
2025Q2	$4.4B	$49.0M	0.18	1.1%
2025Q1	$4.3B	$148.6M	0.51	3.5%
2024Q3	$4.2B	$184.6M	0.61	4.4%
2024Q2	$4.3B	$187.1M	0.60	4.3%
2024Q1	$4.4B	$217.5M	0.67	5.0%
2023Q3	$4.0B	$161.1M	0.46	4.1%
2023Q2	$3.9B	$200.8M	0.55	5.1%
2023Q1	$3.9B	$466.8M	1.24	12.1%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC7/29/2026material
10-Q filing
SEC7/29/2026
8-K — Material agreement, Material financial obligation, Exhibits
SEC5/14/2026material
8-K — Shareholder vote results
SEC5/8/2026material
8-K — Results of operations, Exhibits
SEC4/29/2026material
10-Q filing
SEC4/29/2026
8-K — Material agreement, Exhibits
SEC4/7/2026material
10-K filing
SEC2/11/2026
8-K — Results of operations, Exhibits
SEC2/5/2026material
8-K — Results of operations, Exhibits
SEC2/4/2026material
8-K — Executive/director change, Exhibits
SEC1/16/2026material

2025

8-K — Material agreement, Results of operations, Material financial obligation, Exhibits
SEC10/29/2025material
10-Q filing
SEC10/29/2025
8-K — Executive/director change, Exhibits
SEC9/19/2025material
8-K — Executive/director change, Exhibits
SEC9/5/2025material
8-K — Results of operations, Exhibits
SEC7/30/2025material
10-Q filing
SEC7/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.