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MGM Resorts International vs Hilton Worldwide Holdings: MGM and HLT compared
MGM Resorts International is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $3.3B for Hilton Worldwide Holdings (Q3 2026). Hilton Worldwide Holdings is growing faster (+7% against -0.9% a year earlier). Hilton Worldwide Holdings is more profitable, with an operating margin of 27.3% against 2.8%.
Where the money goes: MGM and HLT
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.
Hilton Worldwide Holdings (HLT) · Q3 2026
Hilton Worldwide Holdings, Q3 2026: revenue $3.3B (+7% year over year), operating margin 27.3%, net earnings $536M, operating cash flow $721M. The chart follows the revenue to costs, profit and cash.
| MGM Resorts International (MGM) | Hilton Worldwide Holdings (HLT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $4.2B | $3.3B |
| Revenue growth, Y/Y | -0.9% | +7% |
| Operating margin | 2.8% | 27.3% |
| Net earnings | $39.2M | $536M |
| Net margin | 0.9% | 16.1% |
| Operating cash flow | $532M | $721M |
| Free cash flow | $311M | $689M |
| Market value | $8.2B | $83.7B |
| P/E | 12.3× | 50.1× |
| Analysts’ mean target | $38.42 | $366.54 |
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%)
Hilton Worldwide Holdings
- Reimbursement Revenue: $2.0B (59%)
- Total revenues excluding reimbursable revenues: $1.4B (41%)
Questions
Which is bigger, MGM Resorts International or Hilton Worldwide Holdings?
MGM Resorts International is the larger company: $4.2B of revenue in its latest quarter (Q3 2026) against $3.3B for Hilton Worldwide Holdings (Q3 2026).
Is MGM Resorts International or Hilton Worldwide Holdings growing faster?
Hilton Worldwide Holdings is growing faster (+7% against -0.9% a year earlier).
Which is more profitable, MGM Resorts International or Hilton Worldwide Holdings?
Hilton Worldwide Holdings is more profitable, with an operating margin of 27.3% against 2.8%.
More: MGM Resorts International earnings · how MGM Resorts International makes money · Hilton Worldwide Holdings earnings · how Hilton Worldwide Holdings 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.