Mgm Resorts International's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Mgm Resorts International (MGM) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Mgm Resorts International vs Its Competitors
- TTM: Trailing 12-month revenue of 17,723M vs 84,055M combined for its competitors (17.4% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-4.9% annualized vs trailing 12 months), vs holding steady (-0.3%) for its tracked peer group.
- Growth: Mgm Resorts International generated -0.9% revenue growth year over year in Q3 2026, vs 2.8% for its competitors combined.
- Profitability: Its -0.4% net margin compares with 11.4% for the peer group.
- Scale: Mgm Resorts International ranks #14 of 65 companies by market capitalization in the Hotels, Tourism & Amusement industry, holding 1.2% of industry market cap.
- Peer revenue share: Mgm Resorts International accounted for 16.7% of combined revenue among its tracked peer group, down from 17.3% a year earlier.
- Peer differentiation: Revenue per employee of $0.23M compares with $0.16M for the peer group (1.4x).
- Structure: Mgm Resorts International operates in the following segments: Las Vegas Strip Resorts, MGM China, Regional Operations, MGM Digital.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
MGM Sales vs. its Competitors, Q3 2026
Mgm Resorts International reported revenue contraction of 0.91 % year on year in Q3 2026, below its competitors' combined revenue growth of 2.81 %.
With a net margin of -0.41 %, Mgm Resorts International reported lower profitability than its competitors (11.43 %).
Mgm Resorts International generated 16.73 % of the combined sales of its peer group, down from 17.25 % a year earlier.
API endpoints for this dataset
Mgm Resorts International vs. its Competitors, Q3 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Mgm Resorts International reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Mgm Resorts International and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Mgm Resorts International | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (2) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Mgm Resorts International's competitor groups requires a Commercial License.
For context: the Hotels, Tourism & Amusement industry grew revenue 7.5% year over year, combined, vs -0.9% for Mgm Resorts International. Mgm Resorts International's share of combined industry revenue moved from 4.85% to 4.47%, a loss of 0.38 percentage points.
Mgm Resorts International's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Mgm Resorts International | Yes | Yes | No | No |
| Competitors combined (29) | ||||
| High-Confidence Competitors (3) | ||||
| Similar-Size Competitors (10) | ||||
| Similar Growth & Profitability (8) | 50.00 % (4 of 8) | 100.00 % (8 of 8) | 37.50 % (3 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
MGM Stock Performance relative to its Competitors
MGM Stock Performance relative to High-Confidence Competitors
MGM Stock Performance relative to Similar-Size Competitors
MGM Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Host Hotels and Resorts Inc | 282.9% | Outperformed |
| 2 | Marriott International Inc | 282.9% | Outperformed |
| 3 | Caesars Entertainment inc | 282.9% | Outperformed |
| 4 | Hilton Worldwide Holdings Inc | 282.9% | Outperformed |
| 5 | Monarch Casino and Resort inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Mgm Resorts International's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Mgm Resorts International's Comment on Competition and Industry Peers
Publicly Traded Peers of Mgm Resorts International
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Mgm Resorts International |
8,148.52 | 17,722.87 |
 Marriott International Inc |
108,781.96 | 27,420.00 |
 Hilton Worldwide Holdings Inc |
83,721.70 | 12,690.00 |
 Las Vegas Sands Corp |
26,067.20 | 13,604.00 |
 Loews Corp |
22,443.37 | 18,782.00 |
 Host Hotels and Resorts Inc |
16,970.57 | 6,165.00 |
| SUBTOTAL | 342,560.96 | 159,844.36 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Mgm Resorts International versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Mgm Resorts International's Competitors Named by the Company
Competitive relationships identified from Mgm Resorts International reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| BetMGM North America Venture | Company report | 85% |
| Wynn Resorts Limited | Company report | 85% |
| Osaka IR KK | Company report | 85% |
| BetMGM | Company report | 85% |
| LeoVegas | Company report | 85% |
| Apple Isports Group Inc | Company report | 85% |
| MGM Growth Properties LLC | Company report | 85% |
| Infinity World Development Corp. | Company report | 85% |
| Penn Entertainment Inc | Company report | 85% |
| Loews Corp | Company report | 85% |
| Golden Entertainment Inc | Company report | 85% |
| Caesars Entertainment inc | Company report | 85% |
| Monarch Casino and Resort inc | Company report | 85% |
| Melco Resorts and Entertainment Limited | Company report | 85% |
| Las Vegas Sands Corp | Company report | 85% |
| Rush Street Interactive Inc | Company report | 85% |
| Draftkings Inc | Company report | 85% |
| Red Rock Resorts Inc | Company report | 85% |
| Century Casinos Inc | Company report | 85% |
| Marriott International Inc | Company report | 85% |
| Universal Gaming Corporation | Company report | 85% |
| Boyd Gaming Corp | Company report | 85% |
| Host Hotels and Resorts Inc | Company report | 85% |
| Super Group sghc Limited | Company report | 85% |
| Bally s Corporation | Company report | 85% |
| Diamondhead Casino Corporation | Company report | 85% |
| Churchill Downs Inc | Company report | 85% |
| Studio City International Holdings Limited | Company report | 85% |
| Ezagoo Limited | Company report | 85% |
| Bally Corp | Company report | 85% |
| Hilton Worldwide Holdings Inc | Company report | 85% |
| Full House Resorts Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Mgm Resorts International's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Mgm Resorts International's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Mgm Resorts International | Las Vegas Strip Resorts 46.40 % |
| Marriott International Inc | U.S. and Canada 72.32 % |
| Hilton Worldwide Holdings Inc | Management and Franchise 30.44 % |
| Loews Corp | CNA Financial Corporation 80.29 % |
| Host Hotels and Resorts Inc | Hotel Ownership 100.00 % |
| Draftkings Inc | Reportable 100.00 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Mgm Resorts International's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Mgm Resorts International | 8,149 | 227,216 | 11,067 |
| Marriott International Inc | 108,782 | 66,232 | 6,408 |
| Hilton Worldwide Holdings Inc | 83,722 | 69,725 | 9,335 |
| Las Vegas Sands Corp | 26,067 | 327,807 | 41,904 |
| Loews Corp | 22,443 | 1,433,740 | 119,008 |
| Host Hotels and Resorts Inc | 16,971 | 38,055,556 | 6,333,333 |
| PEERS TOTAL | 334,412 | 163,796 | 11,766 |
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Mgm Resorts International's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Host Hotels and Resorts Inc | United States 98.66 % |
| Melco Resorts and Entertainment Limited | MO 85.78 % |
| Rush Street Interactive Inc | United States and Canada 72.40 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Mgm Resorts International's Position in Industry Market Structure
Market-capitalization share and concentration across all 57 companies in Mgm Resorts International's industry classification, broader than the peer set above. Market cap in millions of $.Mgm Resorts International ranks #14 of 57 companies by market capitalization in its industry, holding 1.22 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,415, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Walt Disney Co | 203,495 | 29.83 % |
| 2 | Marriott International Inc | 110,156 | 16.15 % |
| 3 | Hilton Worldwide Holdings Inc | 84,833 | 12.43 % |
| 4 | H World Group Ltd | 41,438 | 6.07 % |
| 5 | Intercontinental Hotels Group Plc | 1,234 | 5.2% |
| 6 | Las Vegas Sands Corp | 1,234 | 5.2% |
| 7 | Hyatt Hotels Corporation | 1,234 | 5.2% |
| 8 | Host Hotels and Resorts Inc | 1,234 | 5.2% |
| 9 | Atour Lifestyle Holdings Limited | 1,234 | 5.2% |
| 10 | Life Time Group Holdings Inc | 1,234 | 5.2% |
| 14 | Mgm Resorts International | 8,336 | 1.22 % |
Market cap and industry share for the rest of Mgm Resorts International's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Mgm Resorts International's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 9 | Atour Lifestyle Holdings Limited | 15,057 | -12.93 % |
| 10 | Life Time Group Holdings Inc | 10,712 | 85.05 % |
| 11 | Madison Square Garden Sports Corp | 10,221 | - |
| 12 | Draftkings Inc | 9,183 | -39.56 % |
| 13 | Wynn Resorts Limited | 1,234 | 12.3% |
| 14 | Mgm Resorts International | 8,336 | -0.45 % |
| 15 | Caesars Entertainment inc | 1,234 | 12.3% |
| 16 | Wyndham Hotels and Resorts inc | 1,234 | 12.3% |
| 17 | Super Group sghc Limited | 1,234 | 12.3% |
| 18 | Boyd Gaming Corp | 1,234 | 12.3% |
| 19 | Vail Resorts Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Mgm Resorts International's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Mgm Resorts International's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Hotels, Tourism & Amusement industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (98 companies). See the full Hotels, Tourism & Amusement industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 54.04 % | 37.34 % (avg) | +16.7 pp |
| Operating Margin | 7.04 % | industry median | -6.0 pp |
| EBITDA Margin | 11.67 % | 9.08 % (avg) | +2.6 pp |
| Capital Intensity (Capex / Revenue) | 5.16 % | 7.22 % (avg) | -2.1 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Mgm Resorts International's Valuation vs Competitive Position
Valuation multiples vs the Hotels, Tourism & Amusement industry average (98 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Hotels, Tourism & Amusement industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 16.4x | 31.5x | -15.1x |
| EV / EBITDA | 7.0x | 13.5x | -6.4x |
| P/B | 3.2x | 4.4x | -1.2x |
| Return on Equity | 25.96 % | industry aggregate | -38.56 % |
| Return on Invested Capital | 1.91 % | 4.28 % (avg) | -2.37 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Mgm Resorts International's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 9.18 % | 9.66 % | -59.98 % | 87.52 % | 35.61 % | 23.13 % | 6.66 % | 1.72 % |
| Operating Margin | 12.49 % | 30.55 % | -12.45 % | 23.54 % | 10.96 % | 11.70 % | 8.65 % | 5.71 % |
| Return on Invested Capital | 3.93 % | 9.55 % | -1.20 % | 3.94 % | 2.62 % | 4.60 % | 3.22 % | 1.50 % |
| P/E | 32.9x | 8.2x | - | 17.5x | 10.6x | 12.5x | 15.9x | 47.1x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Mgm Resorts International's Strategic Group Map
Mgm Resorts International is shown in red; its closest peers by combined growth, margin and ROIC are labeled. See Methodology: Strategic Group Map for how this chart is built.
Mgm Resorts International's trailing-12-month revenue growth of 2.6% and operating margin of 7.0% compares with an average of 3.2% growth and 6.8% margin across its 8 closest peers by combined growth, margin and ROIC -- Mgm Resorts International sits below that peer average on growth and above it on margin.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Mgm Resorts International's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Mgm Resorts International falls in the Dog quadrant: relative market share of 0.04x vs its largest competitor, in an industry growing revenue 2.9% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Mgm Resorts International's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,415 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 5.16 % vs industry average 7.22 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Mgm Resorts International's dedicated Suppliers and Customers pages, not here.
Mgm Resorts International's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Mgm Resorts International falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Mgm Resorts International's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 6.0 points below the industry median.
- Return on equity 38.6 points below the industry aggregate.
- Latest-quarter revenue run-rate is decelerating (-4.9% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.04x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Mgm Resorts International's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Mgm Resorts International | 0.68 | 1.28 | 1.83 |
| Marriott International Inc | 0.05 | 0.49 | - |
| Hilton Worldwide Holdings Inc | 0.18 | 0.63 | - |
| Las Vegas Sands Corp | 0.75 | 0.97 | 22.69 |
| Loews Corp | 0.04 | 0.89 | 0.46 |
| Host Hotels and Resorts Inc | 3.12 | 3.77 | 0.98 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Mgm Resorts International's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Mgm Resorts International | Q3 2026 | -0.9 % | - |
| Marriott International Inc | Q3 2026 | +8.0 % | +9.1 % |
| Hilton Worldwide Holdings Inc | Q3 2026 | +6.6 % | +27.3 % |
| Las Vegas Sands Corp | Q3 2026 | -3.5 % | -38.1 % |
| Loews Corp | Q3 2026 | +1.9 % | -42.9 % |
| Host Hotels and Resorts Inc | Q1 2026 | +3.2 % | +99.6 % |
| PEERS TOTAL | +4.6 % | -21.3 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Mgm Resorts International's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Mgm Resorts International | Q3 2026 | +102.6 % | -19.7 % |
| Marriott International Inc | Q3 2026 | +3,116.3 % | -9.2 % |
| Hilton Worldwide Holdings Inc | Q3 2026 | - | +10.0 % |
| Las Vegas Sands Corp | Q3 2026 | +29.3 % | +22.7 % |
| Loews Corp | Q3 2026 | +1.9 % | +68.6 % |
| Host Hotels and Resorts Inc | Q1 2026 | +101.8 % | -16.4 % |
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Mgm Resorts International's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Mgm Resorts International | 2.13% | 1.39% | 25.96% |
| Marriott International Inc | 9.52% | 13.29% | - |
| Hilton Worldwide Holdings Inc | 10.16% | 13.50% | - |
| Las Vegas Sands Corp | 8.44% | 7.37% | 169.87% |
| Loews Corp | 1.81% | 2.25% | 7.95% |
| Host Hotels and Resorts Inc | 7.86% | 7.07% | 15.37% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Mgm Resorts International's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Mgm Resorts International | 12.44 | 0.46 |
| Marriott International Inc | 41.65 | 3.97 |
| Hilton Worldwide Holdings Inc | 50.20 | 6.60 |
| Las Vegas Sands Corp | 17.33 | 1.92 |
| Loews Corp | 15.47 | 1.19 |
| Host Hotels and Resorts Inc | 16.83 | 2.75 |
| PEERS AVERAGE | 30.94 | 2.14 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.