MGM Resorts International
MGM Resorts International operates integrated resorts and casinos, generating revenue primarily from gaming, hotel, and food and beverage services in key leisure destinations.
Business. MGM Resorts International (MGM.O) is a travel and leisure company that operates within the hotels, restaurants, and leisure sector. The firm is headquartered in the United States and is primarily listed on the NASDAQ exchange. As a participant in the cyclical consumer goods and services industry, the company generates revenue through product sales related to travel and hospitality activities. Specific details regarding its operating segments or geographic mix are not provided in the available data.
At a glance
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News & coverage
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Analysis
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Upcoming catalysts
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- Company
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
- Macro
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
MGM Resorts International (MGM.O) has entered the analysis scope for the first time, establishing a baseline for future monitoring. As this is the initial assessment for the ticker, there is no prior data available to compute material changes or deltas in performance metrics. The most significant activity detected involves a major modification in shareholder holdings for investor ID 587. Data indicates a substantial shift in share count associated with this investor, with records showing positions fluctuating between 428 shares and 37,309 shares as of March 31, 2026. These changes were detected in late June 2026, highlighting a notable adjustment in the investor's stake during the reporting period. This investor activity represents a material change in the ownership structure, with the value of the holding shifting from approximately $15,840 to $1.38 million depending on the specific share count recorded. The weight of this position in the portfolio also varied significantly, ranging from a negligible 0.000009% to 0.0008%, underscoring the volatility in this specific holder's engagement with the company. MGM Resorts International remains a constituent of one major index and is tracked by 33 top holders, though current data shows zero active analyst coverage or officer changes. The absence of cross-source signals or saga events suggests that the primary focus for investors at this stage is on the foundational establishment of the company's profile and the specific movements of key institutional stakeholders.
Signals & dispatch
Composite-score breakdown
Synthesis
MGM Resorts International (MGM.O) is a travel and leisure company that operates within the hotels, restaurants, and leisure sector. The firm is headquartered in the United States and is primarily listed on the NASDAQ exchange. As a participant in the cyclical consumer goods and services industry, the company generates revenue through product sales related to travel and hospitality activities. Specific details regarding its operating segments or geographic mix are not provided in the available data.
MGM Resorts International maintains a capital structure characterized by high leverage, with a debt-to-equity ratio of 2.56 and total liabilities of $38.1 billion against total equity of $2.4 billion. The company holds $2.1 billion in cash and equivalents, resulting in a negative net cash position after accounting for total debt. Liquidity is assessed as medium risk, supported by an operating cash flow of $2.5 billion, which exceeds capital expenditures of $1.1 billion, generating positive free cash flow. The current market capitalization stands at $12.3 billion, with a price-to-book ratio of 3.74 and an EV/EBITDA of 16.40, reflecting a premium valuation relative to book value but a moderate multiple on earnings before interest, taxes, depreciation, and amortization.
Profitability metrics indicate modest returns on capital, with a return on equity of 8.47% and a return on assets of 0.50%. The net income of $206 million represents a narrow margin on revenue of $17.5 billion, suggesting high operating leverage and sensitivity to volume fluctuations. The price-to-earnings ratio of 59.58 implies that current earnings are depressed relative to the market price, potentially due to cyclical downturns or one-time charges impacting the bottom line. Without cohort median data for direct comparison, the low ROA and high P/E suggest the company is trading on future growth expectations or asset revaluation rather than current earnings power.
MGM Resorts International (MGM.O) has entered the analysis scope for the first time, establishing a baseline for future monitoring. As this is the initial assessment for the ticker, there is no prior data available to compute material changes or deltas in performance metrics. The most significant activity detected involves a major modification in shareholder holdings for investor ID 587. Data indicates a substantial shift in share count associated with this investor, with records showing positions fluctuating between 428 shares and 37,309 shares as of March 31, 2026. These changes were detected in late June 2026, highlighting a notable adjustment in the investor's stake during the reporting period. This investor activity represents a material change in the ownership structure, with the value of the holding shifting from approximately $15,840 to $1.38 million depending on the specific share count recorded. The weight of this position in the portfolio also varied significantly, ranging from a negligible 0.000009% to 0.0008%, underscoring the volatility in this specific holder's engagement with the company. MGM Resorts International remains a constituent of one major index and is tracked by 33 top holders, though current data shows zero active analyst coverage or officer changes. The absence of cross-source signals or saga events suggests that the primary focus for investors at this stage is on the foundational establishment of the company's profile and the specific movements of key institutional stakeholders.
- High leverage with a debt-to-equity ratio of 2.56 and negative net cash position poses financial flexibility risks.
- Modest profitability with an ROE of 8.47% and ROA of 0.50% suggests limited current returns on capital employed.
- Valuation appears stretched on earnings with a P/E of 59.58, though EV/EBITDA of 16.40 is more moderate.
- Analyst sentiment is neutral with a mean recommendation of 2.52 and price targets below the current market price.
- Low dilution risk with stable share count of 258.3 million basic and diluted shares outstanding.
- Positive operating cash flow of $2.5 billion covers capital expenditures of $1.1 billion, supporting liquidity.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,83 |
| Revenue | —no estimate | —no estimate | 17,7B USD |
| Operating income | —no estimate | —no estimate | 1,3B USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- President, Interactive · Restricted Stock Units → Common Stock $.01 Par Value NDDisposed 2 259exercise · 2026-07-01
- Director · Deferred Stock Units → Common Stock $.01 Par Value NDAcquired 837grant · 2026-06-30
- Director · Deferred Stock Units → Common Stock $.01 Par Value NDAcquired 2 039grant · 2026-06-30
- Director · Deferred Stock Units → Common Stock $.01 Par Value NDAcquired 732grant · 2026-06-30
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDAcquired 6 298grant · 2026-05-07
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDAcquired 6 298grant · 2026-05-07
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDAcquired 6 298grant · 2026-05-07
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDAcquired 6 298grant · 2026-05-07
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDAcquired 6 298grant · 2026-05-07
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDAcquired 6 298grant · 2026-05-07
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDAcquired 6 298grant · 2026-05-07
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDAcquired 6 298grant · 2026-05-07
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDAcquired 6 298grant · 2026-05-07
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDDisposed 6 675exercise · 2026-05-06
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDDisposed 6 675exercise · 2026-05-06
- Director · Deferred Stock Units → Common Stock $.01 Par Value NDAcquired 3 337exercise · 2026-05-06
- Director · Deferred Stock Units → Common Stock $.01 Par Value NDAcquired 6 675exercise · 2026-05-06
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDDisposed 3 337exercise · 2026-05-06
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDDisposed 3 338exercise · 2026-05-06
- Director · Deferred Stock Units → Common Stock $.01 Par Value NDAcquired 6 675exercise · 2026-05-06
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDDisposed 6 675exercise · 2026-05-06
- Director · Deferred Stock Units → Common Stock $.01 Par Value NDAcquired 6 675exercise · 2026-05-06
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDDisposed 6 675exercise · 2026-05-06
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDDisposed 6 675exercise · 2026-05-06
- Director · Restricted Stock Units → Common Stock $.01 Par Value NDDisposed 6 675exercise · 2026-05-06
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- Return On Assetsnet_income / total_assets
- Price To Tangible Bookmarket_price / (tangible_book_value / shares_outstanding_diluted)
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- MGM Resorts International Market data — financials · 2026-07-10
- MGM Resorts International Market data — analyst estimates · 2026-07-10
- MGM Resorts International HA canonical relationships · 2026-07-10
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,05 %$116M
- Investment Managers · as of 2026-03-310,04 %$80M
- Institutional Investor · as of 2022-09-300,04 %$0M
- Funds · as of 2026-03-310,04 %$246M
- Investment Managers · as of 2024-06-300,02 %$958M
- Investment Managers · as of 2026-03-310,02 %$88M
- Investment Managers · as of 2026-03-310,02 %$120M
- Brokerage Firms · as of 2026-03-310,01 %$66M
- Investment Managers · as of 2025-12-310,01 %$868M
- Investment Managers · as of 2026-03-310,01 %$77M
- Investment Managers · as of 2026-03-310,01 %$188M
- Investment Managers · as of 2024-12-310,01 %$40M
- Investment Managers · as of 2026-03-310,01 %$183M
- Institutional Investor · as of 2026-03-310,01 %$57M
- Brokerage Firms · as of 2026-03-310,01 %$31M
- Investment Managers · as of 2026-03-310,01 %$71M
- Investment Managers · as of 2026-03-310,01 %$53M
- Investment Managers · as of 2026-03-310,01 %$259M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2026-03-310,00 %$9M
- Institutional Investor · as of 2026-03-310,00 %$11M
- Investment Managers · as of 2026-03-310,00 %$9M
- Institutional Investor · as of 2026-03-310,00 %$43M
- Institutional Investor · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- President, Interactive · Common Stock $.01 Par Value NDOther 2 259 · 2026-07-01
- President, Interactive · Common Stock $.01 Par Value NDOther 903 @ $47,52$43K · 2026-07-01
- Director · Common Stock $.01 Par Value NDSold 6 675 @ $38,44$257K · 2026-05-22
- Director · Common Stock $.01 Par Value NDOther 3 338 · 2026-05-06
- Director · Common Stock $.01 Par Value NDOther 6 675 · 2026-05-06
- Director · Common Stock $.01 Par Value NDOther 6 675 · 2026-05-06
- Director · Common Stock $.01 Par Value NDOther 3 338 · 2026-05-06
- Director · Common Stock $.01 Par Value NDOther 6 675 · 2026-05-06
- 10% owner · Common Stock, par value $0.01Bought 450 000 @ $37,13$16,7M · 2026-03-24
- 10% owner · Common Stock, par value $0.01Bought 550 000 @ $37,30$20,5M · 2026-03-23
- Director · Common StockSold 37 500 @ $34,27$1,3M · 2026-03-09
- CHIEF OPERATING OFFICER · Common Stock $.01 Par Value NDOther 299 · 2026-03-01
- CHIEF OPERATING OFFICER · Common Stock $.01 Par Value NDOther 73 @ $36,86$3K · 2026-03-01
- Director, CEO AND PRESIDENT · Common Stock $.01 Par Value NDOther 5 657 · 2026-02-24
- Director, CEO AND PRESIDENT · Common Stock $.01 Par Value NDOther 2 094 @ $35,05$73K · 2026-02-24
- CHIEF FINANCIAL OFFICER · Common Stock $.01 Par Value NDOther 2 909 · 2026-02-24
- CHIEF FINANCIAL OFFICER · Common Stock $.01 Par Value NDOther 1 077 @ $35,05$38K · 2026-02-24
- CHIEF FINANCIAL OFFICER · Common Stock $.01 Par Value NDOther 3 174 · 2026-02-23
- CHIEF FINANCIAL OFFICER · Common Stock $.01 Par Value NDOther 699 @ $34,25$24K · 2026-02-23
- Director, CEO AND PRESIDENT · Common Stock $.01 Par Value NDOther 6 683 · 2026-02-23
- Director, CEO AND PRESIDENT · Common Stock $.01 Par Value NDOther 1 471 @ $34,25$50K · 2026-02-23
- 10% owner · Common Stock, par value $0.01Bought 1 098 748 @ $36,30$39,9M · 2025-12-05
- President, Interactive · Common Stock $.01 Par Value NDOther 5 992 @ $35,44$212K · 2025-12-01
- President, Interactive · Common Stock $.01 Par Value NDOther 15 005 · 2025-12-01
- SVP & Chief Accounting Officer · Common Stock $.01 Par Value NDOther 336 @ $33,12$11K · 2025-10-07
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -68.2%Derived (calculated)
- Net margin (FY 2025-12-31): 1.2%Derived (calculated)
- Return on equity (FY 2025-12-31): 8.5%Derived (calculated)
- Return on assets (FY 2025-12-31): 0.5%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.23xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 15.68xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -7.1%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -14.6%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -68.3%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -2.1%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -72.4%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 7.1%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -32.8%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 1.7%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -19.6%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -2.0%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -1.1%Derived (calculated)
- Long-term debt (annual): USD 6.23BSEC XBRL filing
- Cash & equivalents (annual): USD 2.06BSEC XBRL filing
- Shares outstanding (annual): 258.32MSEC XBRL filing
- Net income (annual): USD 205.86MSEC XBRL filing
- Shareholders' equity (annual): USD 2.43BSEC XBRL filing
- Total assets (annual): USD 41.37BSEC XBRL filing
- Total liabilities (annual): USD 38.1BSEC XBRL filing