MGM Resorts International (MGM) EV to EBITDA (2011 - 2026)
MGM Resorts International's (MGM) EV to EBITDA was 2.64 for Q3 2026, down 36.1% from 4.14 a year earlier and down 45.5% from the prior quarter.
Powered by 
Analysis
MGM Resorts International (MGM) EV to EBITDA (2011 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, MGM Resorts International's EV to EBITDA came in at -0.26; for FY2025, it was 4.00, up 11.3% from FY2024.
- By year, EV to EBITDA came in at 3.60 in FY2024 (-19.3%), 4.46 in FY2023 (+207.7%), 1.45 in FY2022 (-75.6%) and 5.93 in FY2021 (-76.4%).
- The Q3 2026 figure ranks as the lowest quarterly EV to EBITDA since Q1 2023.
- Year over year, EV to EBITDA gained in four of the last eight quarters, with an average decline of 3.1%.
- The high point for year-over-year EV to EBITDA in five years was Q4 2023 (growth of 207.7%); the low point was Q2 2022 (a decline of 97.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 4.86 (Q2 2026), 4.05 (Q1 2026) and 4.00 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 25.75 Bn | 12.34 Bn | 1.47 Bn |
| 2 | Flutter Entertainment | 14.42 Bn | 7.81 Bn | 1.52 Bn |
| 3 | Life Time Group Holdings | 10.41 Bn | 9.58 Bn | 419.01 Mn |
| 4 | DraftKings | 9.28 Bn | 4.95 Bn | 551.45 Mn |
| 5 | Wynn Resorts | 8.83 Bn | 2.96 Bn | 655.12 Mn |
| 6 | MGM Resorts International | 8.29 Bn | -1.01 Bn | 1.73 Bn |
| 7 | Madison Square Garden Sports | 7.83 Bn | 7.42 Bn | 119.21 Mn |
| 8 | Light & Wonder | 7.12 Bn | 6.42 Bn | 623.00 Mn |
| 9 | Churchill Downs | 6.92 Bn | 6.15 Bn | 207.00 Mn |
| 10 | Caesars Entertainment | 5.97 Bn | 2.39 Bn | 1.44 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.64 |
| Jun 30, 2026 | 4.86 |
| Mar 31, 2026 | 4.05 |
| Dec 31, 2025 | 4.00 |
| Sep 30, 2025 | 4.14 |
| Jun 30, 2025 | 3.47 |
| Mar 31, 2025 | 2.92 |
| Dec 31, 2024 | 3.60 |
| Sep 30, 2024 | 3.74 |
| Jun 30, 2024 | 4.70 |
| Mar 31, 2024 | 5.18 |
| Dec 31, 2023 | 4.46 |
| Sep 30, 2023 | 2.74 |
| Jun 30, 2023 | 3.64 |
| Mar 31, 2023 | 2.22 |
| Dec 31, 2022 | 1.45 |
| Sep 30, 2022 | 1.72 |
| Jun 30, 2022 | 1.20 |
| Mar 31, 2022 | 5.27 |
| Dec 31, 2021 | 5.93 |
API Access
MGM Resorts International EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=MGM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "MGM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=MGM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();