CluenexMGM Resorts International MGM
MGM Resorts International scores weak on business quality (3.4 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What MGM Resorts International does
MGM Resorts International operates destination casinos, hotels, and digital betting platforms, generating revenue primarily from gaming, rooms, and entertainment offerings.
- What it does best
MGM dominates physical destination gaming through unmatched scale on the Las Vegas Strip, posting a gross margin of 44.2% that comfortably outpaces peers like Wynn at 40.7% and DraftKings at 40.5%.
- The main risk
High debt creates vulnerability, with total debt of $6.5 billion weighing down the balance sheet and leaving narrow room for error if consumer discretionary spending dips.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin sits thin at 6.5%, constrained by high fixed costs across its resort network, though a free cash flow margin of 51st percentile sector rank helps cushion the bottom line.
Physical scale and prime real estate form a localized barrier that protects its resort footprint, placing gross margin in the 59th percentile of its sector while rivals struggle to replicate its Strip dominance.
Revenue growth crawls at 1.7%, lagging far behind digital-heavy peers and showing a noticeable deceleration compared to prior expansion phases seen in the annual history.
Debt-to-equity sits heavy at 2.7 while interest coverage rests at 2.8x, leaving earnings thin against financing costs. Free cash flow reached $1.5 billion, but leverage remains a persistent drag getting softer.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on MGM
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
MGM Resorts International scores weak on the Cluenex quality check (3.4 of 10), measured against its own industry. Profitability is weak, moat weak, growth slow and financial health weak.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Oct 28, 2026, after the close.
See MGM today
- Today's verdict on MGM, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “MGM Resorts International (MGM)”, https://cluenex.com/stocks/mgm/, data as of Oct 10, 2026.