MGM vs PENN
MGM Resorts International and Penn Entertainment, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | MGM | PENN |
|---|---|---|
| Revenue | $17.5B | $7.0B |
| Net income | $205.9M | $-843.1M |
| Gross margin | · | · |
| Net margin | 3.0% | −12.1% |
| Return on equity | 7.5% | −35.9% |
| Diluted EPS | $0.76 | −$5.83 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $1.5B | · |
| Equity | $2.4B | $1.8B |
| Net debt / equity | 1.71× | 1.20× |
| Current ratio | 1.23× | 0.79× |
| Revenue CAGR 5y | 27.7% | 14.2% |
| Profit CAGR 5y | · | · |
MGM bills 2.5× the revenue of PENN, and PENN 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 | MGM | PENN |
|---|---|---|
| FY2025 | $17.5B | $7.0B |
| FY2024 | $17.2B | $6.6B |
| FY2023 | $16.2B | $6.4B |
| FY2022 | $13.1B | $6.4B |
| FY2021 | $9.7B | $5.9B |
| FY2020 | $5.2B | $3.6B |
| FY2019 | $12.9B | $5.3B |
| FY2018 | $11.8B | $3.6B |
| FY2017 | $10.8B | $3.3B |
| FY2016 | $9.5B | $3.2B |
Bottom line
| Fiscal year | MGM | PENN |
|---|---|---|
| FY2025 | $205.9M | $-843.1M |
| FY2024 | $746.6M | $-311.5M |
| FY2023 | $1.1B | $-490.0M |
| FY2022 | $1.5B | $222.1M |
| FY2021 | $1.3B | $420.8M |
| FY2020 | $-1.0B | $-669.5M |
| FY2019 | $2.0B | $43.9M |
| FY2018 | $466.8M | $93.5M |
| FY2017 | $2.0B | $473.4M |
| FY2016 | $1.1B | $109.3M |
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$10,576,683,000 | MGM |
| FY2024 | +$10,662,445,000 | MGM |
| FY2023 | +$9,801,349,000 | MGM |
| FY2022 | +$6,725,785,000 | MGM |
| FY2021 | +$3,775,140,000 | MGM |
| FY2020 | +$1,583,382,000 | MGM |
| FY2019 | +$7,598,272,000 | MGM |
| FY2018 | +$8,175,196,000 | MGM |
| FY2017 | +$7,465,979,000 | MGM |
| FY2016 | +$6,269,228,000 | MGM |
| FY2015 | +$6,351,710,000 | MGM |
| FY2014 | +$7,491,457,000 | MGM |
| FY2013 | +$7,031,777,000 | MGM |
| FY2012 | +$6,472,022,000 | MGM |
| FY2011 | +$5,107,055,000 | MGM |
| FY2010 | +$3,596,890,000 | MGM |
| FY2009 | +$3,641,313,000 | MGM |
| FY2008 | +$4,785,714,000 | MGM |
MGM has reported the higher revenue in every one of these 18 fiscal years. The gap has widened since the earliest year compared.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
18 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +15.1 pp | MGM |
| FY2024 | +10.9 pp | MGM |
| FY2023 | +15.9 pp | MGM |
| FY2022 | −1.9 pp | PENN |
| FY2021 | +5.4 pp | MGM |
| FY2020 | −6.9 pp | PENN |
| FY2019 | +16.4 pp | MGM |
| FY2018 | +2.4 pp | MGM |
| FY2017 | +5.1 pp | MGM |
| FY2016 | +9.6 pp | MGM |
| FY2015 | −11.3 pp | PENN |
| FY2014 | +8.4 pp | MGM |
| FY2013 | +21.3 pp | MGM |
| FY2012 | −25.5 pp | PENN |
| FY2011 | +32.4 pp | MGM |
| FY2010 | −21.2 pp | PENN |
| FY2009 | −10.2 pp | PENN |
| FY2008 | −5.5 pp | PENN |
The higher net margin has changed hands between MGM and PENN over this period.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MGM's net margin has been more volatile than PENN's over the 18 comparable fiscal years — 16.8 percentage points of standard deviation against 9.3.
18 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 MGM and PENN over these 18 fiscal years — MGM led in 11 and PENN in 7.
18 of 18 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
MGM's return on equity has been more volatile than PENN's over the 12 comparable fiscal years — 32.1 percentage points of standard deviation against 15.3.
12 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 MGM and PENN over these 12 fiscal years — MGM led in 8 and PENN in 4.
12 of 18 comparable fiscal years — a year missing data on either side is not counted.