MGM Resorts International (MGM) vs Red Rock Resorts, Inc. (RRR)

MGM Resorts International and Red Rock Resorts, Inc. are both Resorts & Casinos companies. MGM Resorts International is the larger, with a market value of $8.2B against $5.0B — 1.6× the size. MGM Resorts International trades at the lower P/E: 11.2× against 25.6×. MGM Resorts International grew revenue faster over the last twelve months: 2.57% against 1.14%. Red Rock Resorts, Inc. has the higher net margin (5.79% vs 3.87%) and the lower return on invested capital (0.00% vs 11.8%). Across the 21 metrics below, MGM Resorts International leads on 13 and Red Rock Resorts, Inc. on 8.

Valuation

Metric MGM RRR Resorts & Casinos median
P/E 11.24 25.61 16.84
P/S 0.46 1.38 0.57
P/B 2.43 9.55 2.02
Price to free cash flow 4.24 17.80 10.86
EV/EBITDA 4.83 9.22 8.92
EV/Sales 0.68 3.11 1.79
Earnings yield 8.90% 3.91% 2.61%
Free cash flow yield 23.58% 5.62% 7.35%

Profitability

Metric MGM RRR Resorts & Casinos median
Gross margin 43.62% 58.88% 47.52%
Operating margin 7.04% 22.29% 12.21%
Net margin 3.87% 5.79% 3.87%
Free cash flow margin 10.87% 29.02% 5.15%
Return on equity 20.22% 38.03% 19.64%
Return on assets 1.70% 2.74% 1.70%
Return on invested capital 11.75% 0.00% 6.38%

Growth

Metric MGM RRR Resorts & Casinos median
Revenue growth (TTM) 2.57% 1.14% 3.08%
EPS growth (last fiscal year) (68.33%) 23.32% 3.45%
Revenue growth, 5-year CAGR 27.71% 11.21% 24.21%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MGM RRR Resorts & Casinos median
Debt to equity 1.68 0.06 0.06
Current ratio 1.24 0.84 0.91
Net debt to EBITDA 1.79 4.13 4.00

Dividend

Metric MGM RRR Resorts & Casinos median
Dividend yield — 2.17% 1.98%
Payout ratio — 0.56 0.49

Size

Metric MGM RRR Resorts & Casinos median
Market cap 8.23b 5.04b 3.32b

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