Caesars Entertainment vs MGM Resorts
MGM Resorts is the larger business, with $17.54bn of revenue in fiscal 2025 against $11.49bn for Caesars Entertainment (1.5 times as much). Caesars Entertainment grew faster (2.1% against 1.7%). MGM Resorts kept more of each dollar of sales as profit: a net margin of 1.2% against -4.4%. MGM Resorts carries less debt relative to equity (257.6% against 339.8%).
| Latest fiscal year | Caesars EntertainmentCZR, 2025 | MGM ResortsMGM, 2025 |
|---|---|---|
| Revenue | $11.49bn | $17.54bn |
| Revenue growth | 2.1% | 1.7% |
| Net income | −$502m | $206m |
| Operating margin | 16.2% | 5.7% |
| Net margin | -4.4% | 1.2% |
| Return on equity | -13.1% | 7.5% |
| Free cash flow | $497m | $1.46bn |
| Cash | $887m | $2.06bn |
| Total debt | $11.90bn | $6.26bn |
| Debt to equity | 339.8% | 257.6% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $229m | $1.23bn |
| Employees | 50,000 | 18,000 |
| Market value | $5.94bn | $7.82bn |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 28 (Weak) | 52 (Moderate) |
| Insider trades, 12 months | 0 buys, 16 sales | 0 buys, 2 sales |