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MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
1986
63K+
LTM Revenue $17.2B
LTM EBITDA $4.7B
$38.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
MGM Resorts has a last 12-month revenue of $17.2B and a last 12-month EBITDA of $4.7B.
In the most recent fiscal year, MGM Resorts achieved revenue of $17.2B and an EBITDA of $2.4B.
MGM Resorts expects next 12-month revenue of XXX and NTM EBITDA of XXX
See MGM Resorts valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $16.2B | $17.2B | XXX | XXX | XXX |
| Gross Profit | $6.5B | $7.6B | XXX | XXX | XXX |
| Gross Margin | 40% | 44% | XXX | XXX | XXX |
| EBITDA | $2.7B | $2.4B | XXX | XXX | XXX |
| EBITDA Margin | 17% | 14% | XXX | XXX | XXX |
| Net Profit | $1.5B | $1.1B | XXX | XXX | XXX |
| Net Margin | 9% | 7% | XXX | XXX | XXX |
| Net Debt | $2.8B | $3.4B | XXX | XXX | XXX |
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As of March 14, 2025, MGM Resorts's stock price is $32.
MGM Resorts has current market cap of $9.1B, and EV of $38.3B.
See MGM Resorts trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $38.3B | $9.1B | XXX | XXX | XXX | XXX | $2.53 |
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Sign UpAs of March 14, 2025, MGM Resorts has market cap of $9.1B and EV of $38.3B.
MGM Resorts's trades at 2.2x LTM EV/Revenue multiple, and 8.2x LTM EBITDA.
Analysts estimate MGM Resorts's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for MGM Resorts and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $38.3B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 16.0x | XXX | XXX | XXX |
| P/E | 12.1x | XXX | XXX | XXX |
| P/E/Growth | 3.3x | XXX | XXX | XXX |
| EV/FCF | 31.6x | XXX | XXX | XXX |
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Sign UpMGM Resorts's NTM/LTM revenue growth is 0%
MGM Resorts's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, MGM Resorts's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate MGM Resorts's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for MGM Resorts and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -13% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 14% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.3M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 28% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 36% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| High Roller Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Ainsworth Game Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Aristocrat Leisure | XXX | XXX | XXX | XXX | XXX | XXX |
| BlueBet Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| BetMakers | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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MGM Resorts acquired XXX companies to date.
Last acquisition by MGM Resorts was XXXXXXXX, XXXXX XXXXX XXXXXX . MGM Resorts acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was MGM Resorts founded? | MGM Resorts was founded in 1986. |
| Where is MGM Resorts headquartered? | MGM Resorts is headquartered in United States of America. |
| How many employees does MGM Resorts have? | As of today, MGM Resorts has 63K+ employees. |
| Who is the CEO of MGM Resorts? | MGM Resorts's CEO is Mr. William Joseph Hornbuckle. |
| Is MGM Resorts publicy listed? | Yes, MGM Resorts is a public company listed on NYS. |
| What is the stock symbol of MGM Resorts? | MGM Resorts trades under MGM ticker. |
| When did MGM Resorts go public? | MGM Resorts went public in 1997. |
| Who are competitors of MGM Resorts? | Similar companies to MGM Resorts include e.g. High Roller Technologies, Ainsworth Game Technology, Aristocrat Leisure, BlueBet Holdings. |
| What is the current market cap of MGM Resorts? | MGM Resorts's current market cap is $9.1B |
| What is the current revenue of MGM Resorts? | MGM Resorts's last 12-month revenue is $17.2B. |
| What is the current EBITDA of MGM Resorts? | MGM Resorts's last 12-month EBITDA is $4.7B. |
| What is the current EV/Revenue multiple of MGM Resorts? | Current revenue multiple of MGM Resorts is 2.2x. |
| What is the current EV/EBITDA multiple of MGM Resorts? | Current EBITDA multiple of MGM Resorts is 8.2x. |
| What is the current revenue growth of MGM Resorts? | MGM Resorts revenue growth between 2023 and 2024 was 7%. |
| Is MGM Resorts profitable? | Yes, MGM Resorts is EBITDA-positive (as of the last 12 months). |
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