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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 $2.3B
$37.8B
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 (LTM) of $17.2B and a last 12-month EBITDA of $2.3B.
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| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $17.2B | XXX | $17.2B | XXX | XXX | XXX |
| Gross Profit | $17.2B | XXX | $7.8B | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 46% | XXX | XXX | XXX |
| EBITDA | $2.3B | XXX | $2.4B | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBIT | $1.5B | XXX | $1.7B | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | $690M | XXX | $747M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $3.9B | XXX | XXX | XXX |
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As of May 30, 2025, MGM Resorts's stock price is $32.
MGM Resorts has current market cap of $8.6B, and EV of $37.8B.
See MGM Resorts trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $37.8B | $8.6B | XXX | XXX | XXX | XXX | $2.43 |
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Start Free TrialAs of May 30, 2025, MGM Resorts has market cap of $8.6B and EV of $37.8B.
MGM Resorts's trades at 2.2x EV/Revenue multiple, and 15.8x EV/EBITDA.
Equity research analysts estimate MGM Resorts's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MGM Resorts has a P/E ratio of 12.5x.
See valuation multiples for MGM Resorts and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8.6B | XXX | $8.6B | XXX | XXX | XXX |
| EV (current) | $37.8B | XXX | $37.8B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 16.1x | XXX | 15.8x | XXX | XXX | XXX |
| EV/EBIT | 25.6x | XXX | 22.6x | XXX | XXX | XXX |
| EV/Gross Profit | 2.2x | XXX | n/a | XXX | XXX | XXX |
| P/E | 12.5x | XXX | 11.5x | XXX | XXX | XXX |
| EV/FCF | 46.7x | XXX | 31.2x | XXX | XXX | XXX |
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Start Free TrialMGM Resorts's last 12 month revenue growth is 0%
MGM Resorts's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
MGM Resorts's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MGM Resorts's rule of X is 14% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for MGM Resorts and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 0% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | -6% | XXX | XXX | XXX |
| Rule of 40 | 17% | XXX | 14% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 14% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 36% | XXX | XXX | XXX |
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| 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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Start Free Trial| 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 $8.6B |
| What is the current revenue of MGM Resorts? | MGM Resorts's last 12 months revenue is $17.2B. |
| What is the current revenue growth of MGM Resorts? | MGM Resorts revenue growth (NTM/LTM) is 0%. |
| What is the current EV/Revenue multiple of MGM Resorts? | Current revenue multiple of MGM Resorts is 2.2x. |
| Is MGM Resorts profitable? | Yes, MGM Resorts is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of MGM Resorts? | MGM Resorts's last 12 months EBITDA is $2.3B. |
| What is MGM Resorts's EBITDA margin? | MGM Resorts's last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of MGM Resorts? | Current EBITDA multiple of MGM Resorts is 16.1x. |
| What is the current FCF of MGM Resorts? | MGM Resorts's last 12 months FCF is $809M. |
| What is MGM Resorts's FCF margin? | MGM Resorts's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of MGM Resorts? | Current FCF multiple of MGM Resorts is 46.7x. |
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