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MGM Resorts International vs Caesars Entertainment: MGM and CZR compared
MGM Resorts International is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $2.9B for Caesars Entertainment (Q3 2026). Caesars Entertainment is growing faster (+2% against -0.9% a year earlier). Caesars Entertainment is more profitable, with an operating margin of 15.5% against 2.8%.
Where the money goes: MGM and CZR
MGM Resorts International (MGM) · Q3 2026
MGM Resorts International, Q3 2026: revenue $4.2B (-0.9% year over year), operating margin 2.8%, net earnings $39.2M, operating cash flow $532M. The chart follows the revenue to costs, profit and cash.
Caesars Entertainment (CZR) · Q3 2026
Caesars Entertainment, Q3 2026: revenue $2.9B (+2% year over year), operating margin 15.5%, net loss $107M, operating cash flow $267M. The chart follows the revenue to costs, profit and cash.
| MGM Resorts International (MGM) | Caesars Entertainment (CZR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.2B | $2.9B |
| Revenue growth, Y/Y | -0.9% | +2% |
| Operating margin | 2.8% | 15.5% |
| Net earnings | $39.2M | −$107M |
| Net margin | 0.9% | -3.6% |
| Operating cash flow | $532M | $267M |
| Free cash flow | $311M | $95.0M |
| Market value | $8.2B | $6.0B |
| P/E | 12.3× | — |
| Analysts’ mean target | $38.42 | $31.27 |
Where the revenue comes from
MGM Resorts International
- Casino: $2.3B (55%)
- Rooms: $763M (18%)
- Food and beverage: $741M (18%)
- Entertainment, retail and other: $403M (10%)
Caesars Entertainment
- Casino: $1.8B (60%)
- Hotel: $467M (16%)
- Food and beverage: $410M (14%)
- Other: $309M (11%)
Questions
Which is bigger, MGM Resorts International or Caesars Entertainment?
MGM Resorts International is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $2.9B for Caesars Entertainment (Q3 2026).
Is MGM Resorts International or Caesars Entertainment growing faster?
Caesars Entertainment is growing faster (+2% against -0.9% a year earlier).
Which is more profitable, MGM Resorts International or Caesars Entertainment?
Caesars Entertainment is more profitable, with an operating margin of 15.5% against 2.8%.
More: MGM Resorts International earnings · how MGM Resorts International makes money · Caesars Entertainment earnings · how Caesars Entertainment makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Oct 27, 2026). Fiscal quarters can end on different dates. Not investment advice.