Caesars Entertainment vs MGM Resorts International (CZR vs MGM)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
MGM Resorts International is the larger company by revenue ($17.5B vs $11.5B) and market value ($7.9B vs $6.0B). MGM Resorts International has grown revenue faster over the last 4 fiscal years (+81.2% cumulative vs +20.0%). Caesars Entertainment runs the higher operating margin (16.2% vs 5.7%).
About Caesars Entertainment
Caesars Entertainment, Inc. is a gaming and hospitality company operating casino properties, retail and online sports betting, and online gaming across North America. It owns, leases, or manages 52 properties in 18 states and offers services including hotels, restaurants, entertainment, and retail. The company serves customers through its casinos, digital platforms like the Caesars Sportsbook app, and various hospitality and entertainment venues.
About MGM Resorts International
MGM Resorts International is a global gaming and entertainment company that operates hotels, casinos, meeting and conference spaces, live entertainment, restaurants, nightlife, retail, sports betting, and online gaming. It manages 16 casino properties in the United States, two in Macau through its majority-owned subsidiary MGM China, and is developing a resort in Osaka, Japan. The company serves leisure and business travelers, premium gaming customers, and group customers including conventions and trade associations.
Head to head (CZR FY2025 vs MGM FY2025)
| Metric | CZRFY2025 | MGMFY2025 |
|---|---|---|
| Revenue | $11.49B | $17.54B |
| Revenue growth (YoY) | 2.1% | 1.7% |
| Gross margin | — | — |
| Operating margin | 16.2% | 5.7% |
| Net margin | -4.4% | 1.2% |
| Net income | $-502.0M | $205.9M |
| Diluted EPS | $-2.42 | $0.76 |
| FCF margin | 4.3% | 8.3% |
| ROE | -13.6% | 6.3% |
| Long-term debt / equity | 3.17× | 1.91× |
| Market cap | $6.04B | $7.94B |
| P/E | — | 18.8× |
Fundamentals are from each company’s SEC filings (CZR FY2025, MGM FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| CZR | $9.57B | $10.82B | $11.53B | $11.24B | $11.49B |
| MGM | $9.68B | $13.13B | $16.16B | $17.24B | $17.54B |
Peer standing
Where each company ranks among the 403 Consumer Discretionary companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | CZR | MGM |
|---|---|---|
| Operating margin | 16.2%88th percentile of 347 | 5.7%57th percentile of 347 |
| Net margin | -4.4%22nd percentile of 376 | 1.2%40th percentile of 376 |
| FCF margin | 4.3%53rd percentile of 350 | 8.3%74th percentile of 350 |
| Revenue growth (YoY) | +2.1%44th percentile of 394 | +1.7%42nd percentile of 394 |
| ROE | -13.6%23rd percentile of 343 | 6.3%49th percentile of 343 |
| Long-term debt / equity | 3.17×91st percentile of 235 | 1.91×87th percentile of 235 |
| Short interest (days to cover) | 7.45d77th percentile of 401 | 9.27d87th percentile of 401 |
Short interest
| FINRA settlement data | CZR | MGM |
|---|---|---|
| Shares sold short | 18.8M | 19.2M |
| Change vs prior settlement | -6.1% | +1.5% |
| Days to cover | 7.45 | 9.27 |
| As of settlement | 2026-09-15 | 2026-09-15 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | CZR | MGM |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 7 ($9.8M) | 0 |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
7 tracked 13F managers hold both Caesars Entertainment and MGM Resorts International as of their latest quarterly filings: AQR Capital Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Point72 Asset Management, Soros Fund Management. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.