MGM vs. CZR

Last updated Apr 2, 2026

Compare and contrast key facts about MGM Resorts International (MGM) and Caesars Entertainment, Inc. (CZR).

Performance

MGM vs. CZR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MGM Resorts International (MGM) and Caesars Entertainment, Inc. (CZR). The values are adjusted to include any dividend payments, if applicable.

MGM vs. CZR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGM MGM Resorts International	0.79%	5.31%	-22.45%	33.25%	-25.27%	42.47%	-4.56%	39.69%	-26.16%	17.48%
CZR Caesars Entertainment, Inc.	13.51%	-30.01%	-28.71%	12.69%	-55.52%	25.93%	24.53%	64.71%	9.23%	95.58%

Fundamentals

Market Cap MGM : $9.90B CZR : $5.39B
EPS MGM : $0.76 CZR : -$2.43
PS Ratio MGM : 0.57 CZR : 0.48
PB Ratio MGM : 4.07 CZR : 1.46
Total Revenue (TTM) MGM : $17.54B CZR : $11.49B
Gross Profit (TTM) MGM : $5.76B CZR : $3.96B
EBITDA (TTM) MGM : $1.99B CZR : $2.15B

Returns By Period

In the year-to-date period, MGM achieves a 0.79% return, which is significantly lower than CZR's 13.51% return. Over the past 10 years, MGM has underperformed CZR with an annualized return of 5.91%, while CZR has yielded a comparatively higher 9.05% annualized return.

MGM

• 1D: -0.62%
• 1M: 2.97%
• YTD: 0.79%
• 6M: 6.02%
• 1Y: 22.85%
• 3Y*: -6.10%
• 5Y*: -1.51%
• 10Y*: 5.91%

CZR

• 1D: 0.45%
• 1M: 7.75%
• YTD: 13.51%
• 6M: 2.31%
• 1Y: 6.93%
• 3Y*: -18.37%
• 5Y*: -21.48%
• 10Y*: 9.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MGM vs. CZR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MGM

MGM Risk / Return Rank: 60
MGM Sharpe Ratio Rank: 60
MGM Sortino Ratio Rank: 58
MGM Omega Ratio Rank: 55
MGM Calmar Ratio Rank: 63
MGM Martin Ratio Rank: 62

CZR

CZR Risk / Return Rank: 44
CZR Sharpe Ratio Rank: 45
CZR Sortino Ratio Rank: 45
CZR Omega Ratio Rank: 43
CZR Calmar Ratio Rank: 45
CZR Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MGM vs. CZR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MGM Resorts International (MGM) and Caesars Entertainment, Inc. (CZR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MGM	CZR	Difference
Sharpe ratio Return per unit of total volatility	0.55	0.12	+0.43
Sortino ratio Return per unit of downside risk	1.14	0.64	+0.50
Omega ratio Gain probability vs. loss probability	1.13	1.08	+0.06
Calmar ratio Return relative to maximum drawdown	1.06	0.15	+0.91
Martin ratio Return relative to average drawdown	2.24	0.29	+1.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGM vs. CZR - Sharpe Ratio Comparison

The current MGM Sharpe Ratio is 0.55, which is higher than the CZR Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of MGM and CZR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MGM	CZR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.55	0.12	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	-0.41	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.15	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.29	-0.14

Correlation

The correlation between MGM and CZR is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MGM vs. CZR - Dividend Comparison

Neither MGM nor CZR has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGM MGM Resorts International	0.00%	0.00%	0.00%	0.00%	0.03%	0.02%	0.50%	1.56%	1.98%	1.32%
CZR Caesars Entertainment, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MGM vs. CZR - Drawdown Comparison

The maximum MGM drawdown since its inception was -98.11%, which is greater than CZR's maximum drawdown of -89.78%. Use the drawdown chart below to compare losses from any high point for MGM and CZR.

Drawdown Indicators

	MGM	CZR	Difference
Max Drawdown Largest peak-to-trough decline	-98.11%	-89.78%	-8.33%
Max Drawdown (1Y) Largest decline over 1 year	-22.76%	-42.43%	+19.67%
Max Drawdown (5Y) Largest decline over 5 years	-49.33%	-84.82%	+35.49%
Max Drawdown (10Y) Largest decline over 10 years	-80.42%	-89.78%	+9.36%
Current Drawdown Current decline from peak	-60.97%	-77.78%	+16.81%
Average Drawdown Average peak-to-trough decline	-46.36%	-30.92%	-15.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.74%	21.48%	-10.74%

Volatility

MGM vs. CZR - Volatility Comparison

The current volatility for MGM Resorts International (MGM) is 11.80%, while Caesars Entertainment, Inc. (CZR) has a volatility of 14.84%. This indicates that MGM experiences smaller price fluctuations and is considered to be less risky than CZR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGM	CZR	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.80%	14.84%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	27.42%	43.49%	-16.07%
Volatility (1Y) Calculated over the trailing 1-year period	41.74%	57.48%	-15.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.91%	52.93%	-13.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.42%	60.86%	-15.44%

Financials

MGM vs. CZR - Profitability Comparison

The chart below illustrates the profitability comparison between MGM Resorts International and Caesars Entertainment, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MGM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MGM Resorts International reported a gross profit of 0.00 and revenue of 4.61B. Therefore, the gross margin over that period was 0.0%.

CZR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Caesars Entertainment, Inc. reported a gross profit of 0.00 and revenue of 2.92B. Therefore, the gross margin over that period was 0.0%.

MGM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MGM Resorts International reported an operating income of 325.01M and revenue of 4.61B, resulting in an operating margin of 7.1%.

CZR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Caesars Entertainment, Inc. reported an operating income of 341.00M and revenue of 2.92B, resulting in an operating margin of 11.7%.

MGM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MGM Resorts International reported a net income of 293.61M and revenue of 4.61B, resulting in a net margin of 6.4%.

CZR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Caesars Entertainment, Inc. reported a net income of -250.00M and revenue of 2.92B, resulting in a net margin of -8.6%.