CZR vs MGM
Caesars Entertainment, Inc. and MGM Resorts International, side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CZR | MGM |
|---|---|---|
| Revenue | $11.5B | $17.5B |
| Net income | $-502.0M | $205.9M |
| Gross margin | · | · |
| Net margin | −3.8% | 3.0% |
| Return on equity | −13.1% | 7.5% |
| Diluted EPS | −$2.42 | $0.76 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $497.0M | $1.5B |
| Equity | $3.5B | $2.4B |
| Net debt / equity | 3.11× | 1.71× |
| Current ratio | 0.80× | 1.23× |
| Revenue CAGR 5y | 25.9% | 27.7% |
| Profit CAGR 5y | · | · |
MGM bills 1.5× the revenue of CZR, and CZR closed the last reported year at a loss.
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | CZR | MGM |
|---|---|---|
| FY2025 | $11.5B | $17.5B |
| FY2024 | $11.2B | $17.2B |
| FY2023 | $11.5B | $16.2B |
| FY2022 | $10.8B | $13.1B |
| FY2021 | $9.6B | $9.7B |
| FY2020 | $3.6B | $5.2B |
| FY2019 | $2.5B | $12.9B |
| FY2018 | $2.1B | $11.8B |
| FY2017 | $1.5B | $10.8B |
| FY2016 | $900.5M | $9.5B |
Bottom line
| Fiscal year | CZR | MGM |
|---|---|---|
| FY2025 | $-502.0M | $205.9M |
| FY2024 | $-278.0M | $746.6M |
| FY2023 | $786.0M | $1.1B |
| FY2022 | $-899.0M | $1.5B |
| FY2021 | $-1.0B | $1.3B |
| FY2020 | $-1.8B | $-1.0B |
| FY2019 | $81.0M | $2.0B |
| FY2018 | $95.0M | $466.8M |
| FY2017 | $73.4M | $2.0B |
| FY2016 | $24.5M | $1.1B |
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$6,051,683,000 | MGM |
| FY2024 | −$5,995,545,000 | MGM |
| FY2023 | −$4,636,249,000 | MGM |
| FY2022 | −$2,306,485,000 | MGM |
| FY2021 | −$110,140,000 | MGM |
| FY2020 | −$1,534,082,000 | MGM |
| FY2019 | −$10,371,672,000 | MGM |
| FY2018 | −$9,707,096,000 | MGM |
| FY2017 | −$9,316,681,000 | MGM |
| FY2016 | −$8,577,804,000 | MGM |
| FY2015 | −$8,470,284,000 | MGM |
| FY2014 | −$9,720,161,000 | MGM |
| FY2013 | −$9,562,477,000 | MGM |
| FY2012 | −$8,864,574,000 | MGM |
MGM has reported the higher revenue in every one of these 14 fiscal years. The gap has narrowed since the earliest year compared.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
14 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −6.8 pp | MGM |
| FY2024 | −8.1 pp | MGM |
| FY2023 | −1.0 pp | MGM |
| FY2022 | −10.0 pp | MGM |
| FY2021 | −23.1 pp | MGM |
| FY2020 | −22.9 pp | MGM |
| FY2019 | −14.0 pp | MGM |
| FY2018 | −0.3 pp | MGM |
| FY2017 | −14.4 pp | MGM |
| FY2016 | −10.3 pp | MGM |
| FY2015 | +27.2 pp | CZR |
| FY2014 | −5.2 pp | MGM |
| FY2013 | +7.2 pp | CZR |
| FY2012 | +17.3 pp | CZR |
The higher net margin has changed hands between CZR and MGM over this period.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CZR's net margin has been more volatile than MGM's over the 14 comparable fiscal years — 14.4 percentage points of standard deviation against 12.4.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between CZR and MGM over these 14 fiscal years — CZR led in 3 and MGM in 11.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CZR's return on equity has been more volatile than MGM's over the 14 comparable fiscal years — 25.4 percentage points of standard deviation against 18.6.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CZR and MGM over these 14 fiscal years — CZR led in 4 and MGM in 10.
14 of 18 comparable fiscal years — a year missing data on either side is not counted.