MGM
MGM Resorts International
NYSEUSDEQUITY
Consumer Cyclical
DELAYED
Last price
43.71
▲ 0.54 (1.24%)
MARKET · —
Price
Open
44.70
Prev close
43.17
Day high
43.79
Day low
42.88
Volume
1.44M
Market cap
$11.19B
P/E (TTM)
26.19
52W range
29.19 – 51.59
Trailing performance
Returnvs SPY
1W
-0.82%
+0.6%
1M
-2.78%
-6.5%
3M
+16.14%
+13.0%
6M
+18.89%
+7.8%
YTD
+19.87%
+7.6%
1Y
+20.46%
+0.5%
3Y
+0.02%
-74.1%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$11.19B
Enterprise value$39.27B
Revenue (TTM)$17.76B
Gross profit$7.84B
EBITDA$2.24B
Net income$423.59M
EPS (TTM)$1.67
Free cash flow$878.99M
Total cash$2.76B
Total debt$30.16B
Book value / share$9.99
Shares outstanding255.85M
Float181.29M
Short % of float16.69%
Dividend yield—
Beta (5Y)1.30
Valuation & profitability ratios
Trailing P/E26.19
Forward P/E21.14
PEG ratio0.60
Price / sales—
Price / book4.38
EV / revenue2.21
EV / EBITDA17.55
Gross margin44.16%
Operating margin6.79%
Profit margin2.40%
Return on equity18.92%
Return on assets1.77%
Debt / equity893.31
Current ratio1.34
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $17.54B | $17.24B | $16.16B | $13.13B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $205.86M | $746.56M | $1.14B | $1.47B |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $205.86M | $746.56M | $1.14B | $1.47B |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.58 | 0.59 | +2.0% |
| Mar 2026 | 0.48 | 0.49 | +1.3% |
| Dec 2025 | 0.55 | 1.60 | +189.6% |
| Sep 2025 | 0.30 | 0.24 | -19.9% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.23 | 13 | $4.29B | +0.9% |
| Next quarter | 0.50 | 13 | $4.49B | -2.6% |
| Current year | 1.87 | 16 | $17.69B | +0.9% |
| Next year | 2.07 | 16 | $17.94B | +1.4% |
Analyst targets & ownership
Mean target$50.63
High target$60.00
Low target$43.00
Implied upside15.84%
Analyst count18
ConsensusBUY
Strong buy / Buy1 / 8
Hold11
Sell / Strong sell2 / 0
Held by insiders27.88%
Held by institutions68.10%
Institutions holding866
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+1.02M
Net buying
Buy transactions
13
1.07M shares
Sell transactions
2
44.17K shares
Net transactions
+15
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
70.13M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 1, 26 | FRITZ GARY M Officer |
— | 2.26K | — | Direct |
| May 22, 26 | TAYLOR DANIEL J Director |
SELL | 6.67K | $256.59K | Indirect |
| May 6, 26 | MEISTER KEITH A Director |
CONVERSION | 6.67K | $255.05K | Direct |
| May 6, 26 | WINSTON BENJAMIN Director |
— | 3.34K | — | Direct |
| May 6, 26 | LANGLEY DONNA Director |
CONVERSION | 6.67K | $255.05K | Direct |
| May 6, 26 | SWARTZ JANET Director |
— | 6.67K | — | Direct |
| May 6, 26 | BARR KEITH Director |
CONVERSION | 6.67K | $255.05K | Direct |
| May 6, 26 | TAYLOR DANIEL J Director |
— | 6.67K | — | Indirect |
| May 6, 26 | MCKINNEY-JAMES ROSE E Director |
— | 3.34K | — | Direct |
| May 6, 26 | SALEM PAUL J Director |
CONVERSION | 6.67K | $255.05K | Direct |
| Mar 24, 26 | IAC INC. Beneficial Owner of more than 10% of a Class of Security |
BUY | 1.00M | $37.22M | Direct |
| Mar 9, 26 | MEISTER KEITH A Director |
SELL | 37.50K | $1.29M | Indirect |
| Feb 27, 26 | MOLINO AYESHA KHANNA Chief Operating Officer |
— | 299 | — | Direct |
| Feb 24, 26 | HALKYARD JONATHAN S Chief Financial Officer |
— | 6.08K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
FRITZ GARY M |
Officer | 132.00K | Conversion of Exercise of derivative security |
HALKYARD JONATHAN S |
Chief Financial Officer | 118.80K | Conversion of Exercise of derivative security |
HORNBUCKLE WILLIAM J IV |
Chief Executive Officer | 777.85K | Conversion of Exercise of derivative security |
IAC INC. |
Beneficial Owner of more than 10% of a Class of Security | 66.82M | Purchase |
MCMANUS JOHN M |
Officer | 65.69K | Conversion of Exercise of derivative security |
MEINERT TODD |
Officer | 25.37K | Conversion of Exercise of derivative security |
MOLINO AYESHA KHANNA |
Chief Operating Officer | 21.79K | Conversion of Exercise of derivative security |
SALEM PAUL J |
Director | 1.70M | Conversion of Exercise of derivative security |
SANDERS COREY IAN |
Chief Operating Officer | 339.93K | Conversion of Exercise of derivative security |
SWARTZ JANET |
Director | 67.08K | Conversion of Exercise of derivative security |
Moving averages & technicals
SMA 10
43.69
+0.04% from price
SMA 20
44.47
-1.63% from price
SMA 50
46.00
-4.92% from price
SMA 100
42.93
+1.80% from price
SMA 200
39.10
+11.87% from price
EMA 12
43.90
-0.45% from price
EMA 26
44.56
-1.92% from price
EMA 50
44.59
-1.98% from price
RSI (14)
42.4
Neutral
MACD (12,26,9)
-0.66
Hist -0.06
ATR (14)
0.85
1.94% of price
Realised vol 30D
19.7%
Annualised
Bollinger upper
46.40
20, 2σ
Bollinger lower
42.53
20, 2σ
50 / 200 cross
Golden
46.00 vs 39.10
Trend bias
Above 200
+11.87%
Risk profile
Beta vs SPY
0.85
Less volatile than market
Correlation to SPY
0.28
Largely independent
Realised vol 30D
19.7%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-22.8%
Peak to trough
Max drawdown 5Y
-49.3%
Peak to trough
ATR 14
0.85
1.94% of price
Beta (reported)
1.30
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.16
Call-heavy session
Put / call open interest
2.19
Positioning, not flow
Max pain
44.00
+0.6% from spot
ATM implied vol
42.3%
Nearest strike to spot
Skew (10% OTM)
+54.1%
Puts bid over calls
Call volume
279
Contracts, this expiry
Put volume
45
Contracts, this expiry
Heaviest call OI
44.00
334 contracts
Heaviest put OI
44.00
1.26K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Macquarie Adjusts PT on MGM Resorts International to $55 From $54, Keeps Outperform Rating
MT Newswires · 4d ago
MGM Resorts (MGM) Stock Gets Fair Value Bump As Analysts Weigh Take Private Bid
Simply Wall St. · 7d ago
MGM Resorts International (MGM) On Record Revenue And A Valuation Debate
Simply Wall St. · 7d ago
A Look Back at Consumer Discretionary - Casino Operator Stocks’ Q2 Earnings: MGM Resorts (NYSE:MGM) Vs The Rest Of The Pack
StockStory · 9d ago
Is MGM Stock a Buy at 0.67X Sales Despite Growth and Execution Risks?
Zacks · 9d ago
MGM Rallies 22.5% in 3 Months as Investors Weigh Its Staying Power
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MGM's $546M Northfield Sale Boosts Buyback and Liquidity Flexibility
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WYNN's Q2 Beat Puts Macau Strength and Margin Pressure in Focus
Zacks · 11d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.