MGM Resorts International (MGM) EV to EBITDA (2009 - 2026)
MGM Resorts International's (MGM) quarterly EV to EBITDA came in at 20.52 in Q2 2026, up 1.99% year-over-year from 20.12 in Q2 2025, and down 23.25% quarter-over-quarter from 26.74 in Q1 2026.
Analysis
MGM Resorts International (MGM) EV to EBITDA (2009 - 2026) Analysis & Trends
MGM Resorts International has disclosed EV to EBITDA across 18 years of filings, most recently posting 20.52 for Q2 2026.
- In Q2 2026, EV to EBITDA rose 1.99% year-over-year to 20.52; the TTM figure through Jun 2026 stood at 10.16 (up 74.28% YoY), while the FY2025 annual figure was 8.17, up 44.23% from the prior year.
- EV to EBITDA came in at 20.52 for Q2 2026 at MGM Resorts International, down from 26.74 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 190.5 in Q1 2022 to a low of 3785.6 in Q4 2022.
- Average EV to EBITDA over 5 years is 185.67, with a median of 25.68 recorded in 2023.
- Year-over-year, EV to EBITDA tumbled 6888.16% in 2022 and surged 972.9% in 2023.
- Over 5 years, EV to EBITDA stood at 3785.6 in 2022, then soared by 100.77% to 29.06 in 2023, then declined by 0.31% to 28.97 in 2024, then dropped by 13.03% to 25.19 in 2025, then dropped by 18.55% to 20.52 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 20.52 in Q2 2026, 26.74 in Q1 2026, and 25.19 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Las Vegas Sands | 28.74 Bn | 25.68 Bn | 1.81 Bn |
| 2 | MGM Resorts International | 10.37 Bn | 8.67 Bn | 3.10 Bn |
| 3 | Wynn Resorts | 9.47 Bn | 7.16 Bn | 1.14 Bn |
| 4 | Churchill Downs | 6.07 Bn | 5.92 Bn | 712.00 Mn |
| 5 | Caesars Entertainment | 6.05 Bn | 5.16 Bn | 2.04 Bn |
| 6 | Red Rock Resorts | 6.00 Bn | 5.52 Bn | 420.02 Mn |
| 7 | Boyd Gaming | 5.71 Bn | 5.38 Bn | 766.76 Mn |
| 8 | PENN Entertainment | 2.29 Bn | 1.39 Bn | 1.02 Bn |
| 9 | Monarch Casino & Resort | 2.18 Bn | 2.04 Bn | 38.62 Mn |
| 10 | Melco Resorts & Entertainment | 2.12 Bn | 1.85 Bn | 1.05 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.52 |
| Mar 31, 2026 | 26.74 |
| Dec 31, 2025 | 25.19 |
| Sep 30, 2025 | -71.29 |
| Jun 30, 2025 | 20.12 |
| Mar 31, 2025 | 17.53 |
| Dec 31, 2024 | 28.97 |
| Sep 30, 2024 | 29.36 |
| Jun 30, 2024 | 27.58 |
| Mar 31, 2024 | 27.74 |
| Dec 31, 2023 | 29.06 |
| Sep 30, 2023 | 26.16 |
| Jun 30, 2023 | 32.50 |
| Mar 31, 2023 | 16.68 |
| Dec 31, 2022 | -3,785.60 |
| Sep 30, 2022 | -6.92 |
| Jun 30, 2022 | 3.03 |
| Mar 31, 2022 | 190.50 |
| Dec 31, 2021 | 55.77 |
| Sep 30, 2021 | 10.32 |