Sector Alpha Week of 2026-07-28
20-quarter listed-company comparison

Resorts & Casinos Stocks

Resorts & Casinos: MGM Resorts International owns the largest revenue base; Bally's Corporation has the fastest current growth.

The industry itself · before any single company

How has Resorts & Casinos moved against S&P 500?

The line below covers 5.2 years. Over the most recent two of them this industry is 10% behind S&P 500. Earnings across its companies grew 13% on average over the last four reported quarters.

FADING · −1 in 4w~Moving with the index6 of 14 companies ahead of S&P 500 by 5% or more over three months2 are 20% or more behind over a year while earnings grew 20% or more

RS ↑3w · 9/14 >200d (−1) · 6/14 lead (−1) · EPS 7/14↑

200202620252024202320222021 170348 TRAILING 12-MONTH EPS · 100 AT THE START0100137Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 8 reportingJun 2022 · trailing 12-month earnings per share at 102, against 100 at the start · no comparable year yet · 9 reportingSep 2022 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 9 reportingDec 2022 · trailing 12-month earnings per share at 111, against 100 at the start · no comparable year yet · 9 reportingMar 2023 · trailing 12-month earnings per share at 137, against 100 at the start · up 44.7% on a year ago · 9 reportingJun 2023 · trailing 12-month earnings per share at 114, against 100 at the start · up 12.5% on a year ago · 9 reportingSep 2023 · trailing 12-month earnings per share at 96, against 100 at the start · down 1.0% on a year ago · 9 reportingDec 2023 · trailing 12-month earnings per share at 103, against 100 at the start · down 11.9% on a year ago · 9 reportingMar 2024 · trailing 12-month earnings per share at 92, against 100 at the start · down 29.9% on a year ago · 9 reportingJun 2024 · trailing 12-month earnings per share at 95, against 100 at the start · down 24.8% on a year ago · 9 reportingSep 2024 · trailing 12-month earnings per share at 89, against 100 at the start · down 15.8% on a year ago · 9 reportingDec 2024 · trailing 12-month earnings per share at 78, against 100 at the start · down 12.5% on a year ago · 9 reportingMar 2025 · trailing 12-month earnings per share at 80, against 100 at the start · down 11.7% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 88, against 100 at the start · down 2.3% on a year ago · 9 reportingSep 2025 · trailing 12-month earnings per share at 95, against 100 at the start · down 2.7% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 70, against 100 at the start · up 21.7% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 79, against 100 at the start · up 35.3% on a year ago · 9 reportingNot reported yet — earnings trail price by a quarter or two79 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
200202620252024202320222021 170348 TRAILING 12-MONTH EPS · 100 AT THE START0100137Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 8 reportingJun 2022 · trailing 12-month earnings per share at 102, against 100 at the start · no comparable year yet · 9 reportingSep 2022 · trailing 12-month earnings per share at 108, against 100 at the start · no comparable year yet · 9 reportingDec 2022 · trailing 12-month earnings per share at 111, against 100 at the start · no comparable year yet · 9 reportingMar 2023 · trailing 12-month earnings per share at 137, against 100 at the start · up 44.7% on a year ago · 9 reportingJun 2023 · trailing 12-month earnings per share at 114, against 100 at the start · up 12.5% on a year ago · 9 reportingSep 2023 · trailing 12-month earnings per share at 96, against 100 at the start · down 1.0% on a year ago · 9 reportingDec 2023 · trailing 12-month earnings per share at 103, against 100 at the start · down 11.9% on a year ago · 9 reportingMar 2024 · trailing 12-month earnings per share at 92, against 100 at the start · down 29.9% on a year ago · 9 reportingJun 2024 · trailing 12-month earnings per share at 95, against 100 at the start · down 24.8% on a year ago · 9 reportingSep 2024 · trailing 12-month earnings per share at 89, against 100 at the start · down 15.8% on a year ago · 9 reportingDec 2024 · trailing 12-month earnings per share at 78, against 100 at the start · down 12.5% on a year ago · 9 reportingMar 2025 · trailing 12-month earnings per share at 80, against 100 at the start · down 11.7% on a year ago · 9 reportingJun 2025 · trailing 12-month earnings per share at 88, against 100 at the start · down 2.3% on a year ago · 9 reportingSep 2025 · trailing 12-month earnings per share at 95, against 100 at the start · down 2.7% on a year ago · 9 reportingDec 2025 · trailing 12-month earnings per share at 70, against 100 at the start · up 21.7% on a year ago · 9 reportingMar 2026 · trailing 12-month earnings per share at 79, against 100 at the start · up 35.3% on a year ago · 9 reportingNot reported yet — earnings trail price by a quarter or two79No earnings on file this far back — the price series reaches further than the filings do
Resorts & Casinos, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy MixedHow much of the industry is participating, how recently, and whether the movers score well.
Together6 of 14 stocks moving
Fresh1 crossed in the last 4 weeks
Backed by scoresmovers score +3 vs the industry average
Down the cap ladder — bar is now, tick is four weeks ago
Large 1/30
Mid 3/5+1
Small 2/6−2

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 14 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Resorts & Casinos outperforming S&P 500?

Resorts & Casinos has underperformed S&P 500 by 9.9% over the last 52 weeks. Over 13 weeks the gap is a lead of 7.7%. 9 of 15 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Marriott Vacations Worldwide Corporation is the strongest against the sector itself at +32.6%.

+7.7%Sector vs S&P 500 · 13 weeks
-9.9%Sector vs S&P 500 · 52 weeks
9/15Stocks leading S&P 500
8/15Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Resorts & Casinos has underperformed S&P 500 by 9.9% over 52 weeks and 7.7% over 13 weeks. 9 of 15 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 15 beat the sector itself. MGM Resorts International leads with revenue of $17,715 million, based on 11 of 15 comparable companies through Mar 2026.

Is the Resorts & Casinos sector outperforming S&P 500?

Resorts & Casinos has underperformed S&P 500 by 9.9% over 52 weeks and 7.7% over 13 weeks. 9 of 15 covered companies beat the S&P 500 on Mansfield relative strength, while 8 of 15 beat the sector itself.

Which Resorts & Casinos company is largest by revenue?

MGM Resorts International leads with revenue of $17,715 million, based on 11 of 15 comparable companies through Mar 2026.

Which Resorts & Casinos company is growing fastest?

Bally's Corporation has the fastest current revenue growth at 16.6%, across 11 of 15 comparable companies.

Which Resorts & Casinos company has the strongest 4-Factor Sector Score?

Monarch Casino & Resort, Inc. ranks first at 60.5/100 with 58.7% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Resorts & Casinos company reports the most CAPEX?

Caesars Entertainment, Inc. reports the largest latest CAPEX at $210 million, with 14 of 15 companies comparable.

Which Resorts & Casinos company has the least gross debt?

Monarch Casino & Resort, Inc. has the lowest comparable gross debt at $13 million. MGM Resorts International has the highest at $31,336 million.

Which Resorts & Casinos company has the lowest comparable PEG?

MGM Resorts International has the lowest comparable Guarded PEG at 0.18, among 4 of 15 companies that pass the metric’s comparability rules.

How much history does this Resorts & Casinos comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
15
complete canonical membership
Combined market value
$94.2B
Las Vegas Sands Corp.
Revenue growing
10/11
positive TTM year-on-year growth
Beating S&P 500
9/15
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Monarch Casino & Resort, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 58.7% evidence confidence.
Red Rock Resorts, Inc. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Marriott Vacations Worldwide Corporation has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Monarch Casino & Resort, Inc. · MCRI

60.5/100 · Thin evidence · provisional · 59% evidence

Exact sum: 20.6 + 17.6 + 9.5 + 12.8 = 60.5

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.6/35Growth & earnings

Revenue — · PAT — · OPM change 5.4 pp

45% evidence

17.6/25Capital efficiency

ROCE 6.6% · debt/equity 0.02×

80% evidence

9.5/20Valuation

P/E 21.1× · PEG —

15% evidence

12.8/20Relative strength

RS sector 7.8% · RS bench 9.6% · 1Y 21%

100% evidence

2. Hilton Grand Vacations Inc. · HGV

59.2/100 · Mixed-positive evidence · 75% evidence

Exact sum: 21.3 + 8.9 + 14.7 + 14.3 = 59.2

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

21.3/35Growth & earnings

Revenue 4.2% · PAT 100% · OPM change 5.9 pp

62% evidence

8.9/25Capital efficiency

ROCE 1.5% · debt/equity 5.48×

80% evidence

14.7/20Valuation

P/E 20.9× · PEG 0.49

65% evidence

14.3/20Relative strength

RS sector 5.8% · RS bench 7.5% · 1Y 18.5%

100% evidence

3. Marriott Vacations Worldwide Corporation · VAC

55.3/100 · Mixed-positive evidence · 72% evidence

Exact sum: 10.4 + 14.4 + 10.5 + 20 = 55.3

Decision use: Price leads the evidence: RS versus the benchmark is 34.6%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

10.4/35Growth & earnings

Revenue 2.4% · PAT -250% · OPM change -0.6 pp

83% evidence

14.4/25Capital efficiency

ROCE 6.5% · debt/equity 2.8×

80% evidence

10.5/20Valuation

P/E 14.9× · PEG —

15% evidence

20.0/20Relative strength

RS sector 32.6% · RS bench 34.6% · 1Y 39.5%

100% evidence

4. Red Rock Resorts, Inc. · RRR

55.2/100 · Mixed-positive evidence · 82% evidence

Exact sum: 15.6 + 11.5 + 14.8 + 13.3 = 55.2

Decision use: Price leads the evidence: RS versus the benchmark is 3.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

15.6/35Growth & earnings

Revenue 3.8% · PAT 18.1% · OPM change -2.7 pp

83% evidence

11.5/25Capital efficiency

ROCE 3.8% · debt/equity 14.52×

80% evidence

14.8/20Valuation

P/E 17.2× · PEG 0.83

65% evidence

13.3/20Relative strength

RS sector 1.5% · RS bench 3.1% · 1Y 9.2%

100% evidence

5. Boyd Gaming Corporation · BYD

55.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 18.9 + 16.4 + 11.5 + 8.2 = 55

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

18.9/35Growth & earnings

Revenue — · PAT — · OPM change -3.8 pp

45% evidence

16.4/25Capital efficiency

ROCE 6.8% · debt/equity 1.11×

80% evidence

11.5/20Valuation

P/E 3.9× · PEG —

15% evidence

8.2/20Relative strength

RS sector -0.7% · RS bench 0.9% · 1Y 9.1%

100% evidence

6. PENN Entertainment, Inc. · PENN

53.4/100 · Mixed-positive evidence · 65% evidence

Exact sum: 19.1 + 4.7 + 11.3 + 18.3 = 53.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.1/35Growth & earnings

Revenue 6.4% · PAT — · OPM change 2.9 pp

62% evidence

4.7/25Capital efficiency

ROCE 0.7% · debt/equity 6.14×

80% evidence

11.3/20Valuation

P/E 5.5× · PEG —

15% evidence

18.3/20Relative strength

RS sector 15.6% · RS bench 17.1% · 1Y 18.4%

100% evidence

7. Bally's Corporation · BALY

47.4/100 · Thin evidence · provisional · 59% evidence

Exact sum: 23.9 + 7.4 + 8.5 + 7.6 = 47.4

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

23.9/35Growth & earnings

Revenue 16.6% · PAT — · OPM change 15.9 pp

62% evidence

7.4/25Capital efficiency

ROCE 1.1% · debt/equity 2.91×

80% evidence

8.5/20Valuation

P/E 91.2× · PEG —

15% evidence

7.6/20Relative strength

RS sector -2.9% · RS bench -1.1% · 1Y 59.3%

70% evidence

8. MGM Resorts International · MGM

46.4/100 · Mixed-negative evidence · 82% evidence

Exact sum: 9.8 + 5.8 + 13.7 + 17.1 = 46.4

Decision use: Price leads the evidence: RS versus the benchmark is 14%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

9.8/35Growth & earnings

Revenue 3.4% · PAT -52.7% · OPM change -2.2 pp

83% evidence

5.8/25Capital efficiency

ROCE 0.8% · debt/equity 9.4×

80% evidence

13.7/20Valuation

P/E 51.4× · PEG 0.18

65% evidence

17.1/20Relative strength

RS sector 12.1% · RS bench 14% · 1Y 29.2%

100% evidence

9. Las Vegas Sands Corp. · LVS

45.0/100 · Thin evidence · provisional · 59% evidence

Exact sum: 22.1 + 11.6 + 10 + 1.3 = 45

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

22.1/35Growth & earnings

Revenue — · PAT — · OPM change 3.9 pp

45% evidence

11.6/25Capital efficiency

ROCE 6.7% · debt/equity 9.78×

80% evidence

10.0/20Valuation

P/E 18× · PEG —

15% evidence

1.3/20Relative strength

RS sector -20.1% · RS bench -18.9% · 1Y -7.7%

100% evidence

10. Caesars Entertainment, Inc. · CZR

44.4/100 · Mixed-negative evidence · 65% evidence

Exact sum: 12.6 + 8.2 + 10.8 + 12.8 = 44.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

12.6/35Growth & earnings

Revenue 2.4% · PAT — · OPM change -0.1 pp

62% evidence

8.2/25Capital efficiency

ROCE 1.7% · debt/equity 6.93×

80% evidence

10.8/20Valuation

P/E 12.4× · PEG —

15% evidence

12.8/20Relative strength

RS sector 7.7% · RS bench 9.4% · 1Y 16.6%

100% evidence

11. Vail Resorts, Inc. · MTN

42.2/100 · Mixed-negative evidence · 86% evidence

Exact sum: 5.3 + 14.7 + 7.8 + 14.4 = 42.2

Decision use: Price leads the evidence: RS versus the benchmark is 3.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

5.3/35Growth & earnings

Revenue -4.3% · PAT -40.3% · OPM change -3.6 pp

95% evidence

14.7/25Capital efficiency

ROCE 11.3% · debt/equity 3.52×

80% evidence

7.8/20Valuation

P/E 28.9× · PEG 1.99

65% evidence

14.4/20Relative strength

RS sector 1.8% · RS bench 3.2% · 1Y 5.5%

100% evidence

12. Studio City International Holdings Limited · MSC

41.2/100 · Thin evidence · provisional · 56% evidence

Exact sum: 20.9 + 7.3 + 10 + 3 = 41.2

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

20.9/35Growth & earnings

Revenue 9.1% · PAT — · OPM change 6.5 pp

62% evidence

7.3/25Capital efficiency

ROCE 1.1% · debt/equity 3.69×

80% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

3.0/20Relative strength

RS sector -48.7% · RS bench -48.3% · 1Y -63.1%

70% evidence

13. Melco Resorts & Entertainment Limited · MLCO

40.4/100 · Mixed-negative evidence · 65% evidence

Exact sum: 18.7 + 7 + 11 + 3.7 = 40.4

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

18.7/35Growth & earnings

Revenue 11.3% · PAT — · OPM change 1.3 pp

62% evidence

7.0/25Capital efficiency

ROCE 2.8% · debt/equity 5456×

80% evidence

11.0/20Valuation

P/E 9.8× · PEG —

15% evidence

3.7/20Relative strength

RS sector -25.8% · RS bench -25.3% · 1Y -36%

100% evidence

14. Wynn Resorts, Limited · WYNN

36.6/100 · Mixed-negative evidence · 66% evidence

Exact sum: 15 + 10.3 + 9 + 2.3 = 36.6

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

15.0/35Growth & earnings

Revenue 4.7% · PAT -12.1% · OPM change -0.6 pp

83% evidence

10.3/25Capital efficiency

ROCE 2.7% · debt/equity —

57% evidence

9.0/20Valuation

P/E 30.3× · PEG —

15% evidence

2.3/20Relative strength

RS sector -19% · RS bench -17.9% · 1Y -8.3%

100% evidence

15. Full House Resorts, Inc. · FLL

45.6/100 · Thin evidence · provisional · 14% evidence

Exact sum: 17.5 + 12.5 + 10 + 5.6 = 45.6

Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

17.5/35Growth & earnings

Revenue — · PAT — · OPM change —

0% evidence

12.5/25Capital efficiency

ROCE — · debt/equity —

0% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

5.6/20Relative strength

RS sector -7.1% · RS bench -12% · 1Y -38.1%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

MGM Resorts International has the highest Revenue among the 15 Resorts & Casinos companies compared here, at $17,715 million. Caesars Entertainment, Inc. is next at $11,562 million. Bally's Corporation has the highest Revenue growth at 16.6%, so level and change sit with different companies. 11 of 15 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: MGM Resorts International is the scale leader at $17,715 million, 53.2% ahead of Caesars Entertainment, Inc.. Bally's Corporation's growth is 16.6% from a $2,824 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderMGM Resorts International · $17,715 million
Gap53.2% versus #2 · Caesars Entertainment, Inc.
Persistence6/8 recent comparable periods
Coverage11/15 companies · 267 observations

Investor read: MGM Resorts International is the scale benchmark; Bally's Corporation is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: MGM Resorts International's growth falls below Bally's Corporation's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1MGM Resorts International MGM$17.7B
2Caesars Entertainment, Inc. CZR$11.6B
3Wynn Resorts, Limited WYNN$7.3B
4PENN Entertainment, Inc. PENN$7.1B
5Melco Resorts & Entertainment Limited MLCO$5.3B
Revenue growthfastest growers
1Bally's Corporation BALY17%
2Melco Resorts & Entertainment Limited MLCO11%
3Studio City International Holdings Limited MSC9.1%
4PENN Entertainment, Inc. PENN6.4%
5Wynn Resorts, Limited WYNN4.7%
Revenue · company comparison
11/15 level · 11/15 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
MGM Resorts International MGM$4.5B4.2%Mar 2026
Las Vegas Sands Corp. LVS$3.6B25%Jun 2026
Caesars Entertainment, Inc. CZR$2.9B2.7%Mar 2026
Wynn Resorts, Limited WYNN$1.9B9.2%Mar 2026
PENN Entertainment, Inc. PENN$1.8B6.3%Mar 2026
Melco Resorts & Entertainment Limited MLCO$1.4B11%Mar 2026
Hilton Grand Vacations Inc. HGV$1.3B12%Mar 2026
Marriott Vacations Worldwide Corporation VAC$1.3B4.8%Mar 2026
Vail Resorts, Inc. MTN$1.2B-7.0%Jun 2026
Boyd Gaming Corporation BYD$997M0.5%Jun 2026
Bally's Corporation BALY$756M28%Mar 2026
Red Rock Resorts, Inc. RRR$507M1.8%Mar 2026
Studio City International Holdings Limited MSC$177M9.3%Mar 2026
Monarch Casino & Resort, Inc. MCRI$137M9.6%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

$843M
$880M
$861M
$894M
$877M
$923M
$964M
$917M
$903M
$954M
$961M
$968M
$961M
$1.0B
$992M
$1.0B
$1.0B
$1.1B
$997M

Caesars Entertainment, Inc. · CZR

$2.7B
$2.6B
$2.3B
$2.8B
$2.9B
$2.8B
$2.8B
$2.9B
$3.0B
$2.8B
$2.7B
$2.8B
$2.9B
$2.8B
$2.8B
$2.9B
$2.9B
$2.9B
$2.9B

Hilton Grand Vacations Inc. · HGV

$928M
$838M
$779M
$948M
$1.1B
$992M
$934M
$1.0B
$1.0B
$1.0B
$1.2B
$1.2B
$1.3B
$1.3B
$1.1B
$1.3B
$1.3B
$1.3B
$1.3B

Las Vegas Sands Corp. · LVS

$857M
$1.0B
$943M
$1.0B
$1.0B
$1.1B
$2.1B
$2.5B
$2.8B
$2.9B
$3.0B
$2.8B
$2.7B
$2.9B
$2.9B
$3.2B
$3.3B
$3.6B
$3.6B

Marriott Vacations Worldwide Corporation · VAC

$1.1B
$1.1B
$1.1B
$1.2B
$1.3B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.2B
$1.1B
$1.3B
$1.3B
$1.2B
$1.2B
$1.3B
$1.3B
$1.3B

Melco Resorts & Entertainment Limited · MLCO

$446M
$481M
$475M
$296M
$242M
$337M
$716M
$948M
$1.0B
$1.1B
$1.1B
$1.2B
$1.2B
$1.2B
$1.2B
$1.3B
$1.3B
$1.3B
$1.4B

MGM Resorts International · MGM

$2.7B
$3.1B
$2.9B
$3.3B
$3.4B
$3.6B
$3.9B
$3.9B
$4.0B
$4.4B
$4.4B
$4.3B
$4.2B
$4.3B
$4.3B
$4.4B
$4.3B
$4.6B
$4.5B

Monarch Casino & Resort, Inc. · MCRI

$112M
$111M
$108M
$115M
$134M
$121M
$117M
$124M
$133M
$128M
$122M
$128M
$138M
$135M
$125M
$137M
$143M
$140M
$137M

PENN Entertainment, Inc. · PENN

$1.5B
$1.6B
$1.6B
$1.6B
$1.6B
$1.6B
$1.7B
$1.7B
$1.6B
$1.4B
$1.6B
$1.7B
$1.6B
$1.7B
$1.7B
$1.8B
$1.7B
$1.8B
$1.8B

Red Rock Resorts, Inc. · RRR

$415M
$422M
$402M
$422M
$414M
$425M
$434M
$416M
$412M
$463M
$489M
$486M
$468M
$496M
$498M
$526M
$476M
$512M
$507M

Vail Resorts, Inc. · MTN

$204M
$176M
$907M
$1.2B
$267M
$279M
$1.1B
$1.2B
$270M
$259M
$1.1B
$1.3B
$265M
$260M
$1.1B
$1.3B
$271M
$271M
$1.1B
$1.2B

Wynn Resorts, Limited · WYNN

$995M
$1.0B
$953M
$909M
$890M
$1.0B
$1.4B
$1.6B
$1.7B
$1.8B
$1.9B
$1.7B
$1.7B
$1.8B
$1.7B
$1.7B
$1.8B
$1.9B
$1.9B

Revenue growth · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

0.0%
4.0%
4.9%
12%
2.6%
3.0%
3.4%
-0.3%
5.6%
6.4%
9.1%
3.2%
6.8%
4.5%
2.0%
0.5%

Caesars Entertainment, Inc. · CZR

13%
7.5%
8.9%
23%
2.1%
3.7%
0.1%
-3.1%
-1.7%
-4.0%
-0.9%
1.9%
2.7%
-0.2%
4.2%
2.7%

Hilton Grand Vacations Inc. · HGV

184%
20%
18%
20%
6.2%
-8.8%
2.7%
24%
23%
28%
26%
-0.7%
2.5%
-0.5%
3.8%
12%

Las Vegas Sands Corp. · LVS

-11%
17%
11%
125%
143%
178%
161%
40%
8.6%
-4.0%
-0.7%
-3.3%
15%
24%
26%
25%

Marriott Vacations Worldwide Corporation · VAC

19%
19%
8.0%
11%
1.2%
-5.3%
0.5%
2.2%
-3.2%
10%
11%
0.4%
9.3%
-3.2%
-0.3%
4.8%

Melco Resorts & Entertainment Limited · MLCO

-48%
-46%
-30%
51%
220%
320%
225%
55%
22%
16%
8.9%
11%
14%
11%
8.6%
11%

MGM Resorts International · MGM

44%
26%
18%
36%
21%
16%
22%
13%
9.8%
5.3%
-0.7%
-2.4%
1.8%
1.6%
5.9%
4.2%

Monarch Casino & Resort, Inc. · MCRI

17%
20%
9.0%
8.3%
7.8%
-0.8%
5.8%
4.3%
3.2%
3.8%
5.5%
2.5%
7.0%
3.6%
3.7%
9.6%

PENN Entertainment, Inc. · PENN

5.2%
7.5%
0.8%
7.0%
3.0%
-0.4%
-12%
-4.0%
-0.7%
1.2%
20%
4.1%
6.1%
4.8%
8.2%
6.3%

Red Rock Resorts, Inc. · RRR

-1.4%
-0.2%
0.7%
8.0%
-1.4%
-0.5%
8.9%
13%
17%
14%
7.1%
1.8%
8.2%
1.7%
3.2%
1.8%

Vail Resorts, Inc. · MTN

31%
59%
22%
5.2%
1.1%
-7.2%
-2.2%
3.6%
-1.9%
0.4%
5.5%
1.0%
2.3%
4.2%
-4.7%
-7.0%

Wynn Resorts, Limited · WYNN

-8.2%
-11%
-3.6%
49%
76%
88%
83%
31%
8.6%
1.3%
-0.1%
-8.8%
0.3%
8.3%
1.5%
9.2%
02 · compare level, then change

Operating Economics & Margin Trend

Marriott Vacations Worldwide Corporation has the highest OPM among the 15 Resorts & Casinos companies compared here, at 41.2%. Vail Resorts, Inc. is next at 41%. Bally's Corporation has the highest Margin change at +15.9 percentage points, so level and change sit with different companies. 14 of 15 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Marriott Vacations Worldwide Corporation leads opm at 41.2%; Bally's Corporation leads margin change at +15.9 percentage points.

LeaderMarriott Vacations Worldwide Corporation · 41.2%
Gap0.5% versus #2 · Vail Resorts, Inc.
Persistence1/8 recent comparable periods
Coverage14/15 companies · 264 observations

Investor read: Marriott Vacations Worldwide Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Marriott Vacations Worldwide Corporation VAC41%
2Vail Resorts, Inc. MTN41%
3Red Rock Resorts, Inc. RRR28%
4Monarch Casino & Resort, Inc. MCRI26%
5Las Vegas Sands Corp. LVS25%
Margin changefastest expanders
1Bally's Corporation BALY+15.9 pp
2Studio City International Holdings Limited MSC+6.5 pp
3Hilton Grand Vacations Inc. HGV+5.9 pp
4Monarch Casino & Resort, Inc. MCRI+5.4 pp
5Las Vegas Sands Corp. LVS+3.9 pp
Operating margin · company comparison
14/15 level · 14/15 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Marriott Vacations Worldwide Corporation VAC41%−0.6 ppMar 2026
Vail Resorts, Inc. MTN41%−3.6 ppJun 2026
Red Rock Resorts, Inc. RRR28%−2.7 ppMar 2026
Monarch Casino & Resort, Inc. MCRI26%+5.4 ppJun 2026
Las Vegas Sands Corp. LVS25%+3.9 ppJun 2026
Caesars Entertainment, Inc. CZR17%−0.1 ppMar 2026
Boyd Gaming Corporation BYD16%−3.8 ppJun 2026
Studio City International Holdings Limited MSC16%+6.5 ppMar 2026
Wynn Resorts, Limited WYNN15%−0.6 ppMar 2026
Melco Resorts & Entertainment Limited MLCO13%+1.3 ppMar 2026
Bally's Corporation BALY12%+15.9 ppMar 2026
Hilton Grand Vacations Inc. HGV11%+5.9 ppMar 2026
MGM Resorts International MGM6.8%−2.2 ppMar 2026
PENN Entertainment, Inc. PENN5.5%+2.9 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

27%
25%
29%
27%
27%
27%
30%
27%
24%
16%
23%
24%
23%
25%
20%
23%
14%
16%
16%

Caesars Entertainment, Inc. · CZR

20%
4.7%
-0.4%
21%
23%
17%
21%
21%
24%
19%
18%
18%
22%
24%
18%
18%
18%
11%
17%

Hilton Grand Vacations Inc. · HGV

23%
18%
13%
16%
21%
13%
14%
15%
18%
74%
5.7%
7.6%
13%
10%
5.2%
8.8%
9.3%
13%
11%

Las Vegas Sands Corp. · LVS

-37%
-14%
-32%
-14%
-18%
-15%
18%
21%
25%
24%
24%
21%
19%
20%
21%
25%
22%
19%
25%

Marriott Vacations Worldwide Corporation · VAC

43%
42%
43%
46%
49%
47%
44%
45%
46%
42%
44%
42%
48%
41%
42%
42%
38%
1.2%
41%

Melco Resorts & Entertainment Limited · MLCO

-41%
-22%
-29%
-71%
-82%
-59%
0.0%
6.8%
9.3%
-8.6%
11%
11%
12%
8.1%
12%
9.4%
14%
11%
13%

MGM Resorts International · MGM

70%
12%
3.7%
73%
-31%
-0.1%
19%
9.4%
9.3%
9.6%
11%
9.8%
7.5%
6.7%
9.0%
9.2%
-2.7%
7.1%
6.8%

Monarch Casino & Resort, Inc. · MCRI

26%
23%
20%
22%
27%
23%
20%
24%
24%
20%
20%
23%
26%
2.9%
20%
26%
27%
21%
26%

PENN Entertainment, Inc. · PENN

16%
14%
19%
19%
8.4%
15%
12%
12%
-49%
-22%
-1.3%
4.5%
4.1%
-2.9%
2.6%
4.4%
-45%
-1.0%
5.5%

Red Rock Resorts, Inc. · RRR

35%
38%
33%
16%
34%
52%
32%
31%
30%
37%
32%
29%
28%
29%
31%
32%
28%
28%
28%

Vail Resorts, Inc. · MTN

-84%
-94%
36%
46%
-37%
-59%
30%
40%
-60%
-80%
33%
43%
-76%
-78%
34%
45%
-73%
-77%
32%
41%

Wynn Resorts, Limited · WYNN

-8.4%
-10%
-10%
-5.7%
-6.0%
9.9%
12%
16%
3.7%
19%
20%
16%
7.9%
20%
16%
15%
17%
15%
15%

Margin change · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

−2.4 pp
+0.6 pp
+2.2 pp
+0.4 pp
−0.8 pp
−3.0 pp
−10.6 pp
−6.8 pp
−3.1 pp
−1.2 pp
+8.9 pp
−2.6 pp
−0.1 pp
−9.0 pp
−9.4 pp
−3.8 pp

Caesars Entertainment, Inc. · CZR

−2.3 pp
+3.0 pp
+12.6 pp
+21.7 pp
−0.1 pp
+1.4 pp
+1.7 pp
−3.6 pp
−3.3 pp
−1.8 pp
+4.9 pp
−0.2 pp
+0.2 pp
−4.5 pp
−12.5 pp
−0.1 pp

Hilton Grand Vacations Inc. · HGV

+7.7 pp
−1.3 pp
−5.6 pp
+1.1 pp
−0.2 pp
−3.5 pp
+61.6 pp
−8.2 pp
−7.7 pp
−5.1 pp
−64.1 pp
−0.5 pp
+1.2 pp
−3.3 pp
+2.2 pp
+5.9 pp

Las Vegas Sands Corp. · LVS

−2.3 pp
+19.3 pp
−1.2 pp
+49.8 pp
+35.2 pp
+42.2 pp
+39.3 pp
+6.4 pp
+0.3 pp
−5.8 pp
−4.0 pp
−2.9 pp
+3.3 pp
+2.8 pp
−1.0 pp
+3.9 pp

Marriott Vacations Worldwide Corporation · VAC

+6.5 pp
+5.7 pp
+4.1 pp
+1.0 pp
−0.6 pp
−2.6 pp
−4.6 pp
−0.2 pp
−2.9 pp
+1.4 pp
−0.8 pp
−2.4 pp
−0.4 pp
−9.3 pp
−39.9 pp
−0.6 pp

Melco Resorts & Entertainment Limited · MLCO

−48.0 pp
−41.3 pp
−37.5 pp
+28.6 pp
+77.4 pp
+91.4 pp
+50.6 pp
+11.3 pp
+3.9 pp
+2.5 pp
+16.7 pp
+0.5 pp
−1.3 pp
+2.3 pp
+3.2 pp
+1.3 pp

MGM Resorts International · MGM

+61.3 pp
−100.5 pp
−12.2 pp
+15.2 pp
−63.5 pp
+39.9 pp
+9.7 pp
−8.4 pp
+0.4 pp
−1.8 pp
−2.9 pp
−1.5 pp
−0.6 pp
−10.2 pp
+0.4 pp
−2.2 pp

Monarch Casino & Resort, Inc. · MCRI

−2.0 pp
+1.2 pp
+0.1 pp
+0.2 pp
+1.7 pp
−3.2 pp
−3.5 pp
−0.3 pp
−1.0 pp
+1.6 pp
−16.9 pp
+0.6 pp
+2.5 pp
+1.1 pp
+17.9 pp
+5.4 pp

PENN Entertainment, Inc. · PENN

−5.8 pp
−7.4 pp
+0.9 pp
−6.8 pp
−6.3 pp
−57.0 pp
−37.4 pp
−13.2 pp
−7.8 pp
+52.7 pp
+19.2 pp
+3.9 pp
−0.1 pp
−49.3 pp
+1.9 pp
+2.9 pp

Red Rock Resorts, Inc. · RRR

−23.2 pp
−0.6 pp
+13.9 pp
−0.9 pp
+14.3 pp
−4.1 pp
−14.9 pp
+0.1 pp
−1.7 pp
−1.9 pp
−8.5 pp
−0.8 pp
+3.1 pp
−0.3 pp
−0.6 pp
−2.7 pp

Vail Resorts, Inc. · MTN

+46.8 pp
+35.9 pp
−6.1 pp
−5.5 pp
−22.9 pp
−21.6 pp
+2.7 pp
+2.2 pp
−16.2 pp
+2.5 pp
+1.2 pp
+2.0 pp
+2.4 pp
+0.2 pp
−1.9 pp
−3.6 pp

Wynn Resorts, Limited · WYNN

−2.7 pp
+2.4 pp
+20.0 pp
+21.9 pp
+21.4 pp
+9.7 pp
+9.5 pp
+7.6 pp
−0.1 pp
+4.2 pp
+0.6 pp
−3.7 pp
−0.4 pp
+9.0 pp
−5.3 pp
−0.6 pp
03 · compare level, then change

Profit Scale & Acceleration

Wynn Resorts, Limited has the highest Net profit among the 15 Resorts & Casinos companies compared here, at $478 million. MGM Resorts International is next at $469 million. Red Rock Resorts, Inc. has the highest Profit growth at 18.1%, so level and change sit with different companies. 11 of 15 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Wynn Resorts, Limited leads with $478 million of TTM profit, 1.9% above MGM Resorts International. Red Rock Resorts, Inc. shows 18.1% growth from a $353 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderWynn Resorts, Limited · $478 million
Gap1.9% versus #2 · MGM Resorts International
Persistence3/7 recent comparable periods
Coverage11/15 companies · 267 observations

Investor read: Wynn Resorts, Limited sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Wynn Resorts, Limited WYNN$478M
2MGM Resorts International MGM$469M
3Red Rock Resorts, Inc. RRR$353M
4Melco Resorts & Entertainment Limited MLCO$188M
5Vail Resorts, Inc. MTN$182M
Profit growthfastest growers
1Red Rock Resorts, Inc. RRR18%
2Wynn Resorts, Limited WYNN-12%
3Vail Resorts, Inc. MTN-40%
4MGM Resorts International MGM-53%
5Marriott Vacations Worldwide Corporation VAC-250%
Net profit · company comparison
11/15 level · 5/15 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Las Vegas Sands Corp. LVS$641M57%Jun 2026
Vail Resorts, Inc. MTN$340M-17%Jun 2026
MGM Resorts International MGM$175M-23%Mar 2026
Wynn Resorts, Limited WYNN$151M86%Mar 2026
Boyd Gaming Corporation BYD$104M-6.3%Jun 2026
Red Rock Resorts, Inc. RRR$83M-3.5%Mar 2026
Melco Resorts & Entertainment Limited MLCO$71M154%Mar 2026
Hilton Grand Vacations Inc. HGV$68M104%Mar 2026
Monarch Casino & Resort, Inc. MCRI$28M40%Jun 2026
Marriott Vacations Worldwide Corporation VAC$22M-61%Mar 2026
Studio City International Holdings Limited MSC$3MMar 2026
PENN Entertainment, Inc. PENN$-3M-103%Mar 2026
Caesars Entertainment, Inc. CZR$-83M-1,079%Mar 2026
Bally's Corporation BALY$-161M-198%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

$138M
$110M
$163M
$147M
$157M
$173M
$200M
$192M
$135M
$93M
$136M
$140M
$131M
$171M
$111M
$150M
$1.4B
$139M
$104M

Caesars Entertainment, Inc. · CZR

$-227M
$-441M
$-451M
$36M
$53M
$-162M
$-136M
$928M
$92M
$-56M
$-142M
$-102M
$9M
$24M
$-98M
$-65M
$-39M
$-235M
$-83M

Hilton Grand Vacations Inc. · HGV

$99M
$75M
$51M
$73M
$150M
$78M
$73M
$80M
$92M
$68M
$-2M
$4M
$32M
$26M
$-12M
$28M
$30M
$53M
$68M

Las Vegas Sands Corp. · LVS

$-495M
$-197M
$2.4B
$-417M
$-381M
$-274M
$145M
$368M
$449M
$469M
$583M
$424M
$353M
$392M
$408M
$519M
$491M
$448M
$641M

Marriott Vacations Worldwide Corporation · VAC

$11M
$59M
$58M
$135M
$110M
$88M
$87M
$90M
$42M
$33M
$46M
$38M
$84M
$49M
$57M
$69M
$-2M
$-431M
$22M

Melco Resorts & Entertainment Limited · MLCO

$-268M
$-190M
$-222M
$-295M
$-287M
$-294M
$-101M
$-51M
$-37M
$-227M
$1M
$-1M
$13M
$-40M
$28M
$9M
$62M
$46M
$71M

MGM Resorts International · MGM

$1.3B
$116M
$-35M
$1.6B
$-1.1B
$-320M
$480M
$244M
$212M
$380M
$300M
$283M
$244M
$238M
$227M
$118M
$-207M
$383M
$175M

Monarch Casino & Resort, Inc. · MCRI

$22M
$20M
$18M
$19M
$27M
$22M
$18M
$22M
$24M
$18M
$18M
$23M
$28M
$4M
$20M
$27M
$32M
$23M
$28M

PENN Entertainment, Inc. · PENN

$86M
$45M
$52M
$26M
$123M
$21M
$514M
$78M
$-725M
$-359M
$-115M
$-27M
$-38M
$-134M
$112M
$-18M
$-865M
$-73M
$-3M

Red Rock Resorts, Inc. · RRR

$118M
$200M
$92M
$32M
$95M
$170M
$86M
$75M
$68M
$109M
$78M
$70M
$55M
$88M
$86M
$108M
$77M
$85M
$83M

Vail Resorts, Inc. · MTN

$-145M
$-143M
$234M
$387M
$-110M
$-144M
$220M
$343M
$-137M
$-183M
$230M
$381M
$-181M
$-182M
$257M
$411M
$-188M
$-196M
$226M
$340M

Wynn Resorts, Limited · WYNN

$-246M
$-256M
$-255M
$-213M
$-208M
$-34M
$1M
$128M
$-121M
$774M
$176M
$146M
$-5M
$322M
$81M
$77M
$128M
$122M
$151M

Profit growth · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

29%
14%
57%
23%
31%
-14%
-46%
-32%
-27%
-3.0%
84%
-18%
7.1%
998%
-19%
-6.3%

Caesars Entertainment, Inc. · CZR

-65%
2,478%
74%
-111%
-90%
-533%
-1,079%

Hilton Grand Vacations Inc. · HGV

711%
52%
4.0%
43%
9.6%
-39%
-13%
-103%
-95%
-65%
-62%
600%
-6.3%
104%

Las Vegas Sands Corp. · LVS

-94%
302%
15%
-21%
-16%
-30%
22%
39%
14%
57%

Marriott Vacations Worldwide Corporation · VAC

1,588%
900%
49%
50%
-33%
-62%
-63%
-47%
-58%
100%
48%
24%
82%
-102%
-980%
-61%

Melco Resorts & Entertainment Limited · MLCO

2,700%
377%
154%

MGM Resorts International · MGM

1,703%
-179%
-376%
-85%
-38%
16%
15%
-37%
-24%
-58%
-185%
61%
-23%

Monarch Casino & Resort, Inc. · MCRI

5.6%
23%
10%
0.0%
16%
-11%
-18%
0.0%
4.6%
17%
-78%
11%
17%
14%
475%
40%

PENN Entertainment, Inc. · PENN

-87%
43%
-53%
888%
200%
-689%
-1,810%
-122%
-135%
-103%

Red Rock Resorts, Inc. · RRR

-78%
-19%
-15%
-6.5%
134%
-28%
-36%
-9.3%
-6.7%
-19%
-19%
10%
54%
40%
-3.4%
-3.5%

Vail Resorts, Inc. · MTN

-6.0%
-11%
4.6%
11%
12%
7.9%
-12%
-17%

Wynn Resorts, Limited · WYNN

17,500%
14%
-58%
-54%
-47%
-62%
86%
04 · compare level, then change

Capacity Spending & Returns On It

Caesars Entertainment, Inc. has the highest CAPEX among the 15 Resorts & Casinos companies compared here, at $210 million. Las Vegas Sands Corp. is next at $194 million. Red Rock Resorts, Inc. has the highest CAPEX intensity at 23.1%, so level and change sit with different companies. 14 of 15 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Caesars Entertainment, Inc. reports $210 million of CAPEX; Red Rock Resorts, Inc. has the highest covered intensity at 23.1%. Coverage is only 14 of 15 companies and 250 reported observations, so this is partial evidence—not a complete sector rank.

LeaderCaesars Entertainment, Inc. · $210 million
Gap8.2% versus #2 · Las Vegas Sands Corp.
Persistence8/8 recent comparable periods
Coverage14/15 companies · 250 observations

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
CAPEXlargest spenders
1Caesars Entertainment, Inc. CZR$210M
2Las Vegas Sands Corp. LVS$194M
3Melco Resorts & Entertainment Limited MLCO$182M
4Wynn Resorts, Limited WYNN$179M
5Boyd Gaming Corporation BYD$155M
CAPEX intensityhighest reinvestment intensity
1Red Rock Resorts, Inc. RRR23%
2Studio City International Holdings Limited MSC21%
3Boyd Gaming Corporation BYD16%
4Melco Resorts & Entertainment Limited MLCO14%
5Wynn Resorts, Limited WYNN9.6%
Capital expenditure · company comparison
14/15 level · 14/15 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyCAPEXCAPEX intensityReported
Caesars Entertainment, Inc. CZR$210M7.3%Mar 2026
Las Vegas Sands Corp. LVS$194M5.4%Jun 2026
Melco Resorts & Entertainment Limited MLCO$182M14%Mar 2026
Wynn Resorts, Limited WYNN$179M9.6%Mar 2026
MGM Resorts International MGM$155M3.5%Mar 2026
Boyd Gaming Corporation BYD$155M16%Jun 2026
Red Rock Resorts, Inc. RRR$117M23%Mar 2026
PENN Entertainment, Inc. PENN$95M5.3%Mar 2026
Bally's Corporation BALY$39M5.2%Mar 2026
Vail Resorts, Inc. MTN$35M2.9%Jun 2026
Studio City International Holdings Limited MSC$29M21%Mar 2026
Marriott Vacations Worldwide Corporation VAC$8M0.6%Mar 2026
Hilton Grand Vacations Inc. HGV$6M0.5%Mar 2026
Monarch Casino & Resort, Inc. MCRI$6M4.4%Jun 2026
Full 20-quarter history · every available company

CAPEX · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

$43M
$60M
$47M
$52M
$74M
$96M
$96M
$75M
$108M
$95M
$90M
$114M
$85M
$111M
$170M
$124M
$146M
$148M
$155M

Caesars Entertainment, Inc. · CZR

$136M
$207M
$210M
$261M
$246M
$235M
$272M
$301M
$322M
$369M
$264M
$329M
$424M
$279M
$223M
$230M
$195M
$157M
$210M

Hilton Grand Vacations Inc. · HGV

$7M
$7M
$8M
$11M
$6M
$33M
$5M
$4M
$9M
$13M
$10M
$7M
$10M
$15M
$14M
$15M
$21M
$20M
$6M

Las Vegas Sands Corp. · LVS

$192M
$188M
$137M
$198M
$169M
$147M
$166M
$196M
$330M
$325M
$241M
$241M
$539M
$547M
$379M
$286M
$229M
$274M
$194M

Marriott Vacations Worldwide Corporation · VAC

$8M
$28M
$9M
$14M
$13M
$29M
$37M
$26M
$29M
$26M
$16M
$13M
$14M
$14M
$14M
$20M
$11M
$12M
$8M

Melco Resorts & Entertainment Limited · MLCO

$20M
$67M
$11M
$7M
$11M
$101M
$4M
$11M
$3M
$107M
$26M
$34M
$29M
$139M
$37M
$47M
$41M
$182M

MGM Resorts International · MGM

$139M
$169M
$102M
$135M
$220M
$308M
$140M
$253M
$210M
$329M
$172M
$238M
$336M
$404M
$228M
$268M
$276M
$296M
$155M

Monarch Casino & Resort, Inc. · MCRI

$15M
$20M
$15M
$12M
$5M
$8M
$15M
$8M
$9M
$17M
$18M
$13M
$5M
$12M
$20M
$8M
$2M
$6M
$6M

PENN Entertainment, Inc. · PENN

$73M
$106M
$66M
$60M
$64M
$74M
$63M
$70M
$75M
$152M
$41M
$88M
$132M
$221M
$125M
$159M
$173M
$190M
$95M

Red Rock Resorts, Inc. · RRR

$15M
$26M
$39M
$62M
$97M
$130M
$175M
$202M
$135M
$187M
$98M
$79M
$80M
$27M
$68M
$78M
$94M
$79M
$117M

Vail Resorts, Inc. · MTN

$30M
$50M
$79M
$33M
$31M
$124M
$82M
$55M
$54M
$53M
$77M
$25M
$56M
$71M
$75M
$33M
$56M
$72M
$75M
$35M

Wynn Resorts, Limited · WYNN

$103M
$78M
$96M
$90M
$87M
$27M
$124M
$91M
$114M
$113M
$98M
$94M
$101M
$127M
$160M
$165M
$164M
$171M
$179M

CAPEX intensity · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

5.1%
6.8%
5.5%
5.8%
8.4%
10%
10%
8.2%
12%
10%
9.4%
12%
8.8%
11%
17%
12%
15%
14%
16%

Caesars Entertainment, Inc. · CZR

5.1%
8.0%
9.2%
9.3%
8.5%
8.3%
9.6%
11%
11%
13%
9.6%
12%
15%
10%
8.0%
7.9%
6.8%
5.4%
7.3%

Hilton Grand Vacations Inc. · HGV

0.8%
0.8%
1.0%
1.2%
0.5%
3.3%
0.5%
0.4%
0.9%
1.3%
0.9%
0.6%
0.8%
1.2%
1.2%
1.2%
1.6%
1.5%
0.5%

Las Vegas Sands Corp. · LVS

22%
19%
15%
19%
17%
13%
7.8%
7.7%
12%
11%
8.1%
8.7%
20%
19%
13%
9.0%
6.9%
7.5%
5.4%

Marriott Vacations Worldwide Corporation · VAC

0.8%
2.5%
0.9%
1.2%
1.0%
2.4%
3.2%
2.2%
2.4%
2.2%
1.3%
1.1%
1.1%
1.1%
1.2%
1.6%
0.9%
0.9%
0.6%

Melco Resorts & Entertainment Limited · MLCO

4.5%
14%
2.3%
2.4%
4.5%
30%
0.6%
1.2%
0.3%
9.8%
2.3%
2.9%
2.5%
12%
3.0%
3.5%
3.1%
14%

MGM Resorts International · MGM

5.1%
5.5%
3.6%
4.1%
6.4%
8.6%
3.6%
6.4%
5.3%
7.5%
3.9%
5.5%
8.0%
9.3%
5.3%
6.1%
6.5%
6.4%
3.5%

Monarch Casino & Resort, Inc. · MCRI

13%
18%
14%
10%
3.7%
6.6%
13%
6.5%
6.8%
13%
15%
10%
3.6%
8.9%
16%
5.8%
1.4%
4.3%
4.4%

PENN Entertainment, Inc. · PENN

4.8%
6.7%
4.2%
3.7%
3.9%
4.7%
3.8%
4.2%
4.6%
11%
2.6%
5.3%
8.1%
13%
7.5%
9.0%
10%
11%
5.3%

Red Rock Resorts, Inc. · RRR

3.6%
6.2%
9.7%
15%
23%
31%
40%
49%
33%
40%
20%
16%
17%
5.4%
14%
15%
20%
15%
23%

Vail Resorts, Inc. · MTN

15%
28%
8.7%
2.8%
12%
44%
7.4%
4.4%
20%
21%
7.1%
1.9%
21%
27%
6.6%
2.5%
21%
27%
6.9%
2.9%

Wynn Resorts, Limited · WYNN

10%
7.5%
10%
9.9%
9.8%
2.7%
8.7%
5.7%
6.8%
6.1%
5.3%
5.4%
6.0%
6.9%
9.4%
9.5%
8.9%
9.2%
9.6%
Annual capital allocation · 5-year view
14/15 capacity base · 14/15 OCF · 14/15 CAPEX · 14/15 FCF

Capacity base is net fixed assets plus capital work in progress, straight off the reported balance sheet. It is not cash spent, so it answers a narrower question than CAPEX — but it is reported for companies whose cash-flow CAPEX is not published, which is why it leads here. Missing years remain blank; annual values are never relabelled as quarters.

Full annual capacity base, operating cash flow, CAPEX and free cash flow history

Capacity base · net fixed assets + CWIP · fiscal-year history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Vail Resorts, Inc. · MTN

$2.3B
$2.3B
$2.6B
$2.7B
$2.6B

Operating cash flow · fiscal-year history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Vail Resorts, Inc. · MTN

$525M
$710M
$638M
$589M
$555M

CAPEX · reported cash flow · fiscal-year history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Vail Resorts, Inc. · MTN

$115M
$193M
$315M
$211M
$235M

Free cash flow · fiscal-year history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Vail Resorts, Inc. · MTN

$410M
$518M
$323M
$378M
$320M
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Monarch Casino & Resort, Inc. has the lowest Gross debt among the 15 Resorts & Casinos companies compared here, at $13 million. Studio City International Holdings Limited is next at $2,027 million. The same company also holds the lowest Net debt, at $125 million net cash. 14 of 15 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Monarch Casino & Resort, Inc. has the clearest covered balance-sheet capacity with $125 million net cash and gross debt of $13 million. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderMonarch Casino & Resort, Inc. · $13 million
Gap99.4% versus #2 · Studio City International Holdings Limited
Persistence8/8 recent comparable periods
Coverage14/15 companies · 268 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Monarch Casino & Resort, Inc. MCRI$13M
2Studio City International Holdings Limited MSC$2.0B
3Boyd Gaming Corporation BYD$2.8B
4Vail Resorts, Inc. MTN$3.2B
5Red Rock Resorts, Inc. RRR$3.6B
Net debtlowest net debt
1Monarch Casino & Resort, Inc. MCRI$-125M
2Studio City International Holdings Limited MSC$1.9B
3Boyd Gaming Corporation BYD$2.4B
4Vail Resorts, Inc. MTN$2.9B
5Red Rock Resorts, Inc. RRR$3.5B
Debt and balance-sheet capacity · company comparison
14/15 level · 14/15 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
MGM Resorts International MGM$31.3B$29.0BMar 2026
Caesars Entertainment, Inc. CZR$24.9B$24.1BMar 2026
Las Vegas Sands Corp. LVS$15.7B$12.4BJun 2026
Wynn Resorts, Limited WYNN$12.2B$10.4BMar 2026
PENN Entertainment, Inc. PENN$11.2B$10.5BMar 2026
Hilton Grand Vacations Inc. HGV$7.4B$7.1BMar 2026
Melco Resorts & Entertainment Limited MLCO$6.9B$6.0BMar 2026
Bally's Corporation BALY$6.8B$6.3BMar 2026
Marriott Vacations Worldwide Corporation VAC$5.6B$5.3BMar 2026
Red Rock Resorts, Inc. RRR$3.6B$3.5BMar 2026
Vail Resorts, Inc. MTN$3.2B$2.9BJun 2026
Boyd Gaming Corporation BYD$2.8B$2.4BJun 2026
Studio City International Holdings Limited MSC$2.0B$1.9BMar 2026
Monarch Casino & Resort, Inc. MCRI$13M$-125MJun 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

$4.2B
$3.8B
$3.8B
$3.7B
$3.6B
$3.8B
$3.7B
$3.7B
$3.6B
$3.6B
$3.6B
$3.6B
$3.7B
$3.8B
$4.1B
$4.2B
$2.5B
$2.6B
$2.8B

Caesars Entertainment, Inc. · CZR

$26.9B
$26.2B
$26.3B
$26.3B
$25.5B
$25.4B
$25.6B
$25.2B
$25.0B
$25.0B
$25.1B
$25.1B
$25.4B
$25.0B
$25.1B
$25.2B
$24.9B
$24.9B
$24.9B

Hilton Grand Vacations Inc. · HGV

$4.3B
$4.3B
$4.2B
$3.9B
$3.8B
$3.8B
$4.1B
$3.9B
$3.8B
$4.6B
$6.8B
$6.7B
$6.7B
$7.0B
$7.0B
$7.2B
$7.3B
$7.4B
$7.4B

Las Vegas Sands Corp. · LVS

$14.5B
$14.8B
$15.0B
$15.4B
$15.3B
$16.0B
$16.0B
$14.9B
$14.4B
$14.0B
$14.0B
$13.7B
$14.0B
$13.8B
$15.8B
$15.8B
$15.8B
$15.8B
$15.7B

Marriott Vacations Worldwide Corporation · VAC

$4.4B
$4.5B
$4.5B
$4.6B
$4.6B
$5.0B
$5.1B
$5.0B
$5.1B
$5.1B
$5.3B
$5.2B
$5.3B
$5.2B
$5.3B
$5.4B
$5.6B
$5.7B
$5.6B

Melco Resorts & Entertainment Limited · MLCO

$4.1B
$7.0B
$4.7B
$7.8B
$5.3B
$8.7B
$5.5B
$8.2B
$5.4B
$7.8B
$5.0B
$5.0B
$5.0B
$7.5B
$7.5B
$7.5B
$7.6B
$7.0B
$6.9B

MGM Resorts International · MGM

$24.4B
$24.6B
$23.6B
$33.5B
$33.7B
$33.9B
$32.0B
$31.8B
$31.6B
$31.5B
$31.4B
$31.4B
$32.0B
$31.4B
$31.5B
$31.2B
$31.2B
$31.2B
$31.3B

Monarch Casino & Resort, Inc. · MCRI

$120M
$102M
$93M
$78M
$40M
$21M
$65M
$55M
$23M
$20M
$20M
$37M
$21M
$14M
$14M
$14M
$14M
$13M
$13M
$13M

PENN Entertainment, Inc. · PENN

$11.6B
$11.6B
$13.0B
$13.0B
$12.9B
$12.9B
$11.7B
$11.6B
$11.5B
$11.5B
$11.5B
$11.4B
$11.3B
$11.2B
$11.0B
$11.1B
$11.2B
$11.3B
$11.2B

Red Rock Resorts, Inc. · RRR

$2.6B
$2.9B
$2.8B
$2.8B
$2.9B
$3.0B
$3.1B
$3.2B
$3.3B
$3.3B
$3.4B
$3.4B
$3.4B
$3.4B
$3.4B
$3.4B
$3.4B
$3.4B
$3.6B

Vail Resorts, Inc. · MTN

$3.0B
$3.0B
$2.9B
$2.9B
$2.9B
$3.0B
$3.0B
$3.0B
$3.0B
$3.0B
$3.0B
$2.9B
$3.0B
$3.0B
$2.9B
$2.9B
$3.4B
$3.4B
$3.1B
$3.2B

Wynn Resorts, Limited · WYNN

$11.9B
$12.1B
$12.0B
$12.0B
$12.2B
$13.7B
$13.9B
$13.8B
$13.4B
$13.4B
$12.8B
$12.6B
$13.4B
$12.2B
$12.2B
$12.2B
$12.2B
$12.2B
$12.2B

Net debt · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

$3.6B
$3.5B
$3.4B
$3.4B
$3.4B
$3.5B
$3.4B
$3.4B
$3.4B
$3.3B
$3.3B
$3.4B
$3.4B
$3.5B
$3.8B
$3.8B
$2.1B
$2.2B
$2.4B

Caesars Entertainment, Inc. · CZR

$25.9B
$25.1B
$25.5B
$25.3B
$24.5B
$24.3B
$24.7B
$24.1B
$24.2B
$24.0B
$24.3B
$24.3B
$24.6B
$24.2B
$24.2B
$24.2B
$24.0B
$24.0B
$24.1B

Hilton Grand Vacations Inc. · HGV

$4.0B
$3.9B
$3.7B
$3.5B
$3.4B
$3.6B
$3.7B
$3.7B
$3.6B
$4.0B
$6.4B
$6.4B
$6.4B
$6.7B
$6.8B
$6.9B
$7.1B
$7.1B
$7.1B

Las Vegas Sands Corp. · LVS

$12.9B
$12.9B
$8.5B
$8.9B
$9.5B
$9.7B
$9.5B
$9.2B
$8.8B
$8.9B
$9.0B
$9.0B
$9.8B
$10.1B
$12.4B
$12.4B
$12.4B
$11.9B
$12.4B

Marriott Vacations Worldwide Corporation · VAC

$3.9B
$4.1B
$4.2B
$4.3B
$4.3B
$4.5B
$4.8B
$4.8B
$4.8B
$4.9B
$5.1B
$5.0B
$5.1B
$5.0B
$5.1B
$5.2B
$5.2B
$5.3B
$5.3B

Melco Resorts & Entertainment Limited · MLCO

$3.5B
$5.4B
$4.0B
$6.1B
$4.7B
$6.9B
$4.8B
$6.7B
$4.7B
$6.5B
$4.5B
$4.5B
$4.4B
$6.3B
$6.4B
$6.3B
$6.1B
$6.0B
$6.0B

MGM Resorts International · MGM

$18.8B
$19.9B
$20.8B
$27.7B
$28.4B
$28.0B
$27.5B
$28.0B
$28.3B
$28.5B
$28.7B
$29.0B
$29.1B
$29.0B
$29.2B
$29.3B
$29.0B
$29.1B
$29.0B

Monarch Casino & Resort, Inc. · MCRI

$87M
$68M
$60M
$47M
$7M
$-18M
$31M
$20M
$-11M
$-23M
$-19M
$3M
$-18M
$-45M
$-61M
$-58M
$-94M
$-83M
$-107M
$-125M

PENN Entertainment, Inc. · PENN

$8.9B
$9.7B
$11.2B
$11.3B
$11.2B
$11.3B
$10.4B
$10.4B
$10.2B
$10.5B
$10.5B
$10.5B
$10.5B
$10.5B
$10.4B
$10.4B
$10.5B
$10.6B
$10.5B

Red Rock Resorts, Inc. · RRR

$2.6B
$2.6B
$2.5B
$2.6B
$2.8B
$2.9B
$2.9B
$3.1B
$3.2B
$3.2B
$3.3B
$3.3B
$3.3B
$3.2B
$3.2B
$3.3B
$3.3B
$3.3B
$3.5B

Vail Resorts, Inc. · MTN

$1.8B
$1.5B
$1.5B
$1.5B
$1.8B
$1.8B
$1.7B
$2.1B
$2.4B
$2.2B
$2.1B
$2.2B
$2.7B
$2.6B
$2.5B
$2.5B
$3.0B
$2.8B
$2.8B
$2.9B

Wynn Resorts, Limited · WYNN

$9.4B
$9.5B
$9.7B
$10.0B
$10.3B
$10.1B
$10.0B
$9.8B
$9.8B
$9.6B
$9.6B
$9.8B
$11.0B
$9.7B
$10.1B
$10.2B
$10.2B
$10.1B
$10.4B
06 · compare level, then change

Return On Capital Employed

Vail Resorts, Inc. has the highest ROCE among the 15 Resorts & Casinos companies compared here, at 11.3%. Boyd Gaming Corporation is next at 6.8%. Boyd Gaming Corporation has the highest ROCE change at +2.6 percentage points, so level and change sit with different companies. 14 of 15 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Vail Resorts, Inc. leads ROCE at 11.3%, 4.5 percentage points above Boyd Gaming Corporation. Boyd Gaming Corporation has the strongest latest improvement at +2.6 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderVail Resorts, Inc. · 11.3%
Gap66.2% versus #2 · Boyd Gaming Corporation
Persistence2/8 recent comparable periods
Coverage14/15 companies · 269 observations

Investor read: Vail Resorts, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Vail Resorts, Inc. MTN11%
2Boyd Gaming Corporation BYD6.8%
3Las Vegas Sands Corp. LVS6.7%
4Monarch Casino & Resort, Inc. MCRI6.6%
5Marriott Vacations Worldwide Corporation VAC6.5%
ROCE changefastest improvers
1Boyd Gaming Corporation BYD+2.6 pp
2Las Vegas Sands Corp. LVS+2.4 pp
3Bally's Corporation BALY+1.5 pp
4Hilton Grand Vacations Inc. HGV+0.9 pp
5Studio City International Holdings Limited MSC+0.6 pp
Return on capital · company comparison
14/15 level · 14/15 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Vail Resorts, Inc. MTN11%−1.7 ppJun 2026
Boyd Gaming Corporation BYD6.8%+2.6 ppJun 2026
Las Vegas Sands Corp. LVS6.7%+2.4 ppJun 2026
Monarch Casino & Resort, Inc. MCRI6.6%+0.3 ppJun 2026
Marriott Vacations Worldwide Corporation VAC6.5%+0.2 ppMar 2026
Red Rock Resorts, Inc. RRR3.8%−0.3 ppMar 2026
Melco Resorts & Entertainment Limited MLCO2.8%+0.3 ppMar 2026
Wynn Resorts, Limited WYNN2.7%+0.2 ppMar 2026
Caesars Entertainment, Inc. CZR1.7%+0.1 ppMar 2026
Hilton Grand Vacations Inc. HGV1.5%+0.9 ppMar 2026
Bally's Corporation BALY1.1%+1.5 ppMar 2026
Studio City International Holdings Limited MSC1.1%+0.6 ppMar 2026
MGM Resorts International MGM0.8%−0.2 ppMar 2026
PENN Entertainment, Inc. PENN0.7%+0.4 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

3.7%
3.7%
4.2%
4.3%
4.2%
4.3%
5.0%
4.3%
3.9%
2.7%
3.9%
4.0%
3.9%
4.6%
3.5%
4.2%
2.5%
2.9%
2.8%
6.8%

Caesars Entertainment, Inc. · CZR

1.6%
0.4%
0.0%
1.8%
2.0%
1.5%
1.9%
1.9%
2.3%
1.7%
1.6%
1.7%
2.1%
2.2%
1.6%
1.7%
1.7%
1.1%
1.7%

Hilton Grand Vacations Inc. · HGV

4.2%
3.2%
2.1%
2.8%
3.5%
1.9%
1.9%
2.3%
2.7%
11%
0.8%
1.1%
2.0%
1.5%
0.6%
1.1%
1.2%
1.7%
1.5%

Las Vegas Sands Corp. · LVS

-1.7%
-0.8%
-1.6%
-0.8%
-1.0%
-0.9%
1.9%
2.7%
3.8%
4.0%
4.0%
3.1%
3.0%
3.7%
3.4%
4.3%
4.4%
4.3%
5.2%
6.7%

Marriott Vacations Worldwide Corporation · VAC

6.0%
6.2%
6.0%
6.5%
8.0%
7.0%
6.7%
6.8%
7.1%
6.4%
6.7%
6.1%
7.8%
6.9%
6.3%
6.4%
5.9%
0.2%
6.5%

Melco Resorts & Entertainment Limited · MLCO

-3.4%
-1.3%
-2.6%
-3.1%
-3.7%
-2.5%
0.0%
0.8%
1.7%
-1.2%
2.3%
1.9%
2.6%
1.4%
2.5%
2.1%
3.2%
2.2%
2.8%

MGM Resorts International · MGM

5.2%
1.0%
0.3%
6.1%
-2.6%
0.0%
1.9%
0.9%
0.9%
1.0%
1.1%
1.1%
0.8%
0.7%
1.0%
1.0%
-0.3%
0.8%
0.8%

Monarch Casino & Resort, Inc. · MCRI

5.4%
4.6%
3.9%
4.6%
6.7%
5.0%
4.2%
5.3%
5.8%
4.5%
4.3%
5.4%
6.4%
0.7%
4.6%
6.3%
6.7%
5.3%
6.1%
6.6%

PENN Entertainment, Inc. · PENN

1.7%
1.5%
1.9%
2.0%
0.9%
1.5%
1.2%
1.3%
-5.0%
-2.0%
-0.1%
0.5%
0.5%
-0.3%
0.3%
0.6%
-5.7%
-0.1%
0.7%

Red Rock Resorts, Inc. · RRR

4.2%
5.0%
4.1%
2.2%
4.5%
7.4%
4.5%
4.1%
3.8%
5.2%
4.5%
4.0%
3.6%
3.9%
4.1%
4.5%
3.5%
3.8%
3.8%

Vail Resorts, Inc. · MTN

-3.5%
6.3%
9.7%
-1.9%
-3.3%
6.3%
9.3%
-3.2%
-4.4%
7.1%
11%
-4.3%
-4.7%
9.2%
13%
-4.6%
-5.2%
8.6%
11%

Wynn Resorts, Limited · WYNN

-0.7%
-0.9%
-0.8%
-0.5%
-0.5%
0.9%
1.5%
2.2%
0.6%
3.1%
3.1%
2.3%
1.1%
3.2%
2.5%
2.5%
2.7%
2.4%
2.7%

ROCE change · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

+0.5 pp
+0.6 pp
+0.8 pp
0.0 pp
−0.3 pp
−1.6 pp
−1.1 pp
−0.3 pp
0.0 pp
+1.9 pp
−0.4 pp
+0.2 pp
−1.4 pp
−1.7 pp
−0.7 pp
+2.6 pp

Caesars Entertainment, Inc. · CZR

+0.4 pp
+1.1 pp
+1.9 pp
+0.1 pp
+0.3 pp
+0.2 pp
−0.3 pp
−0.2 pp
−0.2 pp
+0.5 pp
0.0 pp
0.0 pp
−0.4 pp
−1.1 pp
+0.1 pp

Hilton Grand Vacations Inc. · HGV

−0.7 pp
−1.3 pp
−0.2 pp
−0.5 pp
−0.8 pp
+8.9 pp
−1.1 pp
−1.2 pp
−0.7 pp
−9.3 pp
−0.2 pp
0.0 pp
−0.8 pp
+0.2 pp
+0.9 pp

Las Vegas Sands Corp. · LVS

+0.7 pp
−0.1 pp
+3.5 pp
+3.5 pp
+4.8 pp
+4.9 pp
+2.1 pp
+0.4 pp
−0.8 pp
−0.3 pp
−0.6 pp
+1.2 pp
+1.4 pp
+0.6 pp
+1.8 pp
+2.4 pp

Marriott Vacations Worldwide Corporation · VAC

+2.0 pp
+0.8 pp
+0.7 pp
+0.3 pp
−0.9 pp
−0.6 pp
0.0 pp
−0.7 pp
+0.7 pp
+0.5 pp
−0.4 pp
+0.3 pp
−1.9 pp
−6.7 pp
+0.2 pp

Melco Resorts & Entertainment Limited · MLCO

−0.3 pp
−1.2 pp
+2.6 pp
+3.9 pp
+5.4 pp
+1.3 pp
+2.3 pp
+1.1 pp
+0.9 pp
+2.6 pp
+0.2 pp
+0.2 pp
+0.6 pp
+0.8 pp
+0.3 pp

MGM Resorts International · MGM

−7.8 pp
−1.0 pp
+1.6 pp
−5.2 pp
+3.5 pp
+1.0 pp
−0.8 pp
+0.2 pp
−0.1 pp
−0.3 pp
−0.1 pp
−0.1 pp
−1.1 pp
+0.1 pp
−0.2 pp

Monarch Casino & Resort, Inc. · MCRI

+1.3 pp
+0.4 pp
+0.3 pp
+0.7 pp
−0.9 pp
−0.5 pp
+0.1 pp
+0.1 pp
+0.6 pp
−3.8 pp
+0.3 pp
+0.9 pp
+0.3 pp
+4.6 pp
+1.5 pp
+0.3 pp

PENN Entertainment, Inc. · PENN

−0.8 pp
0.0 pp
−0.7 pp
−0.7 pp
−5.9 pp
−3.5 pp
−1.3 pp
−0.8 pp
+5.5 pp
+1.7 pp
+0.4 pp
+0.1 pp
−6.2 pp
+0.2 pp
+0.4 pp

Red Rock Resorts, Inc. · RRR

+0.3 pp
+2.4 pp
+0.4 pp
+1.9 pp
−0.7 pp
−2.2 pp
0.0 pp
−0.1 pp
−0.2 pp
−1.3 pp
−0.4 pp
+0.5 pp
−0.1 pp
−0.1 pp
−0.3 pp

Vail Resorts, Inc. · MTN

+0.2 pp
0.0 pp
−0.4 pp
−1.3 pp
−1.1 pp
+0.8 pp
+1.7 pp
−1.1 pp
−0.3 pp
+2.1 pp
+2.0 pp
−0.3 pp
−0.5 pp
−0.6 pp
−1.7 pp

Wynn Resorts, Limited · WYNN

+0.2 pp
+1.8 pp
+2.3 pp
+2.7 pp
+1.1 pp
+2.2 pp
+1.6 pp
+0.1 pp
+0.5 pp
+0.1 pp
−0.6 pp
+0.2 pp
+1.6 pp
−0.8 pp
+0.2 pp
07 · compare level, then change

Valuation Against Growth & Quality

MGM Resorts International has the lowest Guarded PEG among the 15 Resorts & Casinos companies compared here, at 0.18×. Hilton Grand Vacations Inc. is next at 0.49×. Boyd Gaming Corporation has the lowest P/E at 3.89×, so level and change sit with different companies. 4 of 15 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: MGM Resorts International has the lowest comparable Guarded PEG at 0.18×, 63.3% below Hilton Grand Vacations Inc.. Only 4 of 15 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderMGM Resorts International · 0.18×
Gap63.3% versus #2 · Hilton Grand Vacations Inc.
Persistence0/8 recent comparable periods
Coverage4/15 companies · 23 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1MGM Resorts International MGM0.2
2Hilton Grand Vacations Inc. HGV0.5
3Red Rock Resorts, Inc. RRR0.8
4Vail Resorts, Inc. MTN2.0
P/Elowest P/E
1Boyd Gaming Corporation BYD3.9
2PENN Entertainment, Inc. PENN5.5
3Melco Resorts & Entertainment Limited MLCO9.8
4Caesars Entertainment, Inc. CZR12.4
5Marriott Vacations Worldwide Corporation VAC14.9
Valuation · company comparison
4/15 level · 13/15 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Vail Resorts, Inc. MTN2.028.9Jun 2026
Red Rock Resorts, Inc. RRR0.817.2Mar 2026
Hilton Grand Vacations Inc. HGV0.520.9Mar 2026
Boyd Gaming Corporation BYD0.53.9Jun 2026
Las Vegas Sands Corp. LVS0.418.0Jun 2026
Monarch Casino & Resort, Inc. MCRI0.321.1Jun 2026
Marriott Vacations Worldwide Corporation VAC0.214.9Mar 2026
MGM Resorts International MGM0.251.4Mar 2026
Wynn Resorts, Limited WYNN30.3Mar 2026
Caesars Entertainment, Inc. CZR12.4Mar 2026
PENN Entertainment, Inc. PENN5.5Mar 2026
Melco Resorts & Entertainment Limited MLCO9.8Mar 2026
Bally's Corporation BALY91.2Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Boyd Gaming Corporation · BYD

0.3
0.3
0.3
1.1
0.5

Hilton Grand Vacations Inc. · HGV

0.3
0.5

Las Vegas Sands Corp. · LVS

1.1
2.6
1.5
0.4

Marriott Vacations Worldwide Corporation · VAC

0.3
1.3
0.2

MGM Resorts International · MGM

0.2

Monarch Casino & Resort, Inc. · MCRI

1.6
1.2
0.4
0.3

Red Rock Resorts, Inc. · RRR

1.2
0.8
0.8

Vail Resorts, Inc. · MTN

2.0

P/E · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

16.5
16.1
14.2
10.1
9.2
9.3
10.1
10.0
9.0
10.2
12.1
10.7
12.3
11.7
10.7
12.0
3.8
3.8
3.6
3.9

Caesars Entertainment, Inc. · CZR

16.1
14.2
12.9
12.4

Hilton Grand Vacations Inc. · HGV

29.8
25.5
14.1
11.4
13.2
14.1
13.9
14.3
14.4
22.3
28.3
41.3
86.6
116.9
75.5
76.0
50.3
20.9

Las Vegas Sands Corp. · LVS

17.2
15.8
16.3
20.0
828.6
52.1
30.8
25.0
20.7
24.9
26.2
21.5
22.0
24.3
27.7
20.0
18.0

Marriott Vacations Worldwide Corporation · VAC

149.5
52.6
20.0
15.0
15.4
14.0
13.9
13.6
13.5
19.9
20.7
14.0
16.0
11.0
10.9
14.9

Melco Resorts & Entertainment Limited · MLCO

56.8
37.4
53.6
35.1
16.4
9.8

MGM Resorts International · MGM

33.2
18.6
13.6
4.1
10.2
9.6
9.5
42.6
12.5
14.0
18.2
16.8
14.0
14.4
13.2
18.9
216.6
48.0
51.4

Monarch Casino & Resort, Inc. · MCRI

20.3
21.0
21.7
14.4
12.9
17.2
16.7
15.4
14.1
16.5
17.7
15.9
17.5
20.6
19.8
20.7
24.1
17.6
16.2
21.1

PENN Entertainment, Inc. · PENN

31.4
20.9
18.9
24.9
19.4
23.0
7.3
5.5

Red Rock Resorts, Inc. · RRR

33.7
19.4
10.8
9.2
9.7
11.9
13.4
12.6
11.8
18.1
20.8
19.5
20.2
18.3
16.8
17.7
19.5
19.9
17.2

Vail Resorts, Inc. · MTN

101.1
52.7
33.0
27.7
25.7
31.9
33.2
35.2
39.4
37.1
25.8
29.9
27.7
25.2
18.2
20.0
22.1
22.0
28.9

Wynn Resorts, Limited · WYNN

1,155.1
14.4
14.0
12.1
11.8
19.8
23.2
28.1
28.7
38.3
30.3
08 · compare level, then change

Enterprise Value & Book Value

Marriott Vacations Worldwide Corporation has the lowest EV/EBITDA among the 15 Resorts & Casinos companies compared here, at 4.24×. Red Rock Resorts, Inc. is next at 8.45×. Bally's Corporation has the lowest P/BV at 0.6×, so level and change sit with different companies. 14 of 15 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Marriott Vacations Worldwide Corporation leads ev/ebitda at 4.24×; Bally's Corporation leads p/bv at 0.6×.

LeaderMarriott Vacations Worldwide Corporation · 4.24×
Gap49.8% versus #2 · Red Rock Resorts, Inc.
Persistence0/8 recent comparable periods
Coverage14/15 companies · 245 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Marriott Vacations Worldwide Corporation VAC4.2
2Red Rock Resorts, Inc. RRR8.5
3Caesars Entertainment, Inc. CZR9.0
4Boyd Gaming Corporation BYD9.8
5Las Vegas Sands Corp. LVS10.4
P/BVlowest P/BV
1Bally's Corporation BALY0.6
2Studio City International Holdings Limited MSC0.9
3PENN Entertainment, Inc. PENN1.1
4Marriott Vacations Worldwide Corporation VAC1.1
5Caesars Entertainment, Inc. CZR1.6
Enterprise and book valuation · company comparison
14/15 level · 12/15 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Bally's Corporation BALY52.20.6Mar 2026
Studio City International Holdings Limited MSC29.70.9Mar 2026
PENN Entertainment, Inc. PENN22.71.1Mar 2026
MGM Resorts International MGM15.83.9Mar 2026
Monarch Casino & Resort, Inc. MCRI15.74.1Jun 2026
Melco Resorts & Entertainment Limited MLCO13.4-1.8Mar 2026
Hilton Grand Vacations Inc. HGV12.72.6Mar 2026
Wynn Resorts, Limited WYNN11.5-49.7Mar 2026
Vail Resorts, Inc. MTN10.68.2Jun 2026
Las Vegas Sands Corp. LVS10.429.8Jun 2026
Boyd Gaming Corporation BYD9.82.4Jun 2026
Caesars Entertainment, Inc. CZR9.01.6Mar 2026
Red Rock Resorts, Inc. RRR8.521.9Mar 2026
Marriott Vacations Worldwide Corporation VAC4.21.1Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

10.0
9.2
8.7
7.3
6.9
7.4
7.8
8.2
7.5
8.1
8.9
7.8
8.4
8.1
7.7
8.4
7.9
8.3
8.2
9.8

Caesars Entertainment, Inc. · CZR

38.7
17.5
34.1
26.9
23.0
11.3
15.0
9.8
9.4
9.2
9.3
9.3
9.7
8.7
8.1
8.2
8.2
8.8
9.0

Hilton Grand Vacations Inc. · HGV

52.0
19.7
15.0
9.3
8.3
9.4
10.0
9.9
6.3
10.0
6.8
6.3
5.4
14.6
14.4
14.7
15.8
15.0
12.7

Las Vegas Sands Corp. · LVS

89.1
91.2
144.9
135.2
96.2
129.7
50.7
30.2
16.3
12.6
11.8
10.2
11.8
12.3
10.6
10.8
11.5
12.7
10.3
10.4

Marriott Vacations Worldwide Corporation · VAC

6.9
6.6
5.7
4.4
4.1
4.2
4.2
4.0
3.7
3.5
3.9
3.6
3.4
3.5
3.2
3.3
3.5
4.3
4.2

Melco Resorts & Entertainment Limited · MLCO

4,502.5
17.7
40.4
31.3
26.3
8.9
17.7
18.8
18.3
8.1
13.4

MGM Resorts International · MGM

15.1
12.4
10.9
6.5
9.0
7.6
7.4
11.4
10.2
13.4
14.9
14.4
13.8
13.9
13.5
13.8
16.0
15.4
15.8

Monarch Casino & Resort, Inc. · MCRI

12.9
11.4
12.2
8.1
7.0
9.4
9.2
8.4
7.4
8.2
8.8
7.9
8.8
9.8
9.4
10.0
11.7
8.9
8.4
15.7

PENN Entertainment, Inc. · PENN

15.7
13.2
12.0
10.7
10.5
10.3
10.4
10.8
40.7
53.5
26.8
22.6
22.7

Red Rock Resorts, Inc. · RRR

14.7
9.7
9.1
7.1
7.5
7.5
8.0
7.8
7.6
9.3
9.6
8.9
8.6
8.1
7.9
8.2
8.9
8.9
8.5

Vail Resorts, Inc. · MTN

30.8
20.7
15.4
13.6
12.8
14.6
14.1
15.2
14.5
14.4
12.0
12.8
11.7
11.2
9.3
10.2
9.9
9.7
10.6

Wynn Resorts, Limited · WYNN

71.2
58.3
45.5
43.8
43.1
31.3
26.0
18.2
15.4
12.4
11.7
10.8
11.5
10.2
10.9
11.6
12.5
12.6
11.5

P/BV · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Boyd Gaming Corporation · BYD

4.7
4.7
4.7
3.5
3.2
3.5
3.9
4.0
3.4
3.5
3.7
3.0
3.5
4.0
4.0
4.5
2.6
2.5
2.4

Caesars Entertainment, Inc. · CZR

4.9
4.5
4.4
2.3
1.8
2.4
2.9
2.4
2.2
2.2
2.2
2.0
2.1
1.7
1.3
1.5
1.5
1.4
1.6

Hilton Grand Vacations Inc. · HGV

3.0
3.1
3.0
2.0
1.8
2.0
2.3
2.4
2.1
2.0
2.5
2.2
2.0
2.2
2.2
2.5
2.6
2.9
2.6

Las Vegas Sands Corp. · LVS

13.3
14.4
6.6
6.1
7.4
9.5
10.8
10.2
7.7
9.0
9.7
8.7
10.7
12.8
13.7
15.4
23.2
27.6
29.8

Marriott Vacations Worldwide Corporation · VAC

2.3
2.4
2.3
1.7
1.8
2.0
2.0
1.8
1.5
1.3
1.6
1.3
1.1
1.3
0.9
1.0
0.9
1.0
1.1

Melco Resorts & Entertainment Limited · MLCO

5.3
19.7
5.2
-10.9
10.7
-5.4
8,765.2
-4.8
-122.6
-3.0
-13.5
-15.4
-14.8
-1.8
-1.6
-2.0
-2.7
-2.4
-1.8

MGM Resorts International · MGM

3.0
3.4
3.6
2.0
2.4
2.6
3.4
3.5
3.2
3.8
4.3
4.2
3.6
3.4
2.9
3.2
3.5
3.9
3.9

Monarch Casino & Resort, Inc. · MCRI

2.9
3.1
3.5
2.3
2.1
2.7
3.1
2.8
2.4
2.6
2.8
2.5
2.8
2.8
2.7
2.9
3.5
3.2
3.1
4.1

PENN Entertainment, Inc. · PENN

3.7
2.2
1.8
1.3
1.2
1.3
1.1
0.9
1.0
1.2
0.9
1.0
0.9
1.1
0.8
0.9
1.4
1.1
1.1

Red Rock Resorts, Inc. · RRR

10.2
56.8
34.0
142.0
61.3
53.0
34.6
27.3
19.4
18.6
26.4
20.6
18.5
12.8
10.6
15.2
16.7
17.6
21.9

Vail Resorts, Inc. · MTN

9.7
7.2
5.6
5.9
7.0
7.2
7.3
9.0
12.7
10.2
7.1
9.6
14.4
12.3
5.9
12.7
34.1
15.7
8.2

Wynn Resorts, Limited · WYNN

-184.1
-45.9
-27.4
-10.6
-9.4
-12.5
-17.8
-19.1
-12.8
-40.5
-83.7
-90.8
-37.5
-41.4
-24.5
-22.1
-36.0
-45.4
-49.7
09 · let price answer last

Market action

Bally's Corporation has the strongest one-year price move in Resorts & Casinos at +59.3%. Marriott Vacations Worldwide Corporation leads on Mansfield relative strength against the S&P 500 at +34.6%. 9 of 15 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Resorts & Casinos comparison names 4 specific ways its own evidence can mislead, all listed below. All 15 companies here report on comparable dates, so no rank carries a stale marker. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
10 · the complete set

Which companies are included?

All 15 companies in the canonical Resorts & Casinos membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentals
Las Vegas Sands Corp. LVSLAGGING, FUNDAMENTALS UP$31.3B$48.32026-07-28Jun 2026
MGM Resorts International MGMAHEAD22/26 WEEKS$11.8B$46.22026-07-28Mar 2026
Wynn Resorts, Limited WYNN$10.1B$99.02026-07-28Mar 2026
Boyd Gaming Corporation BYD$6.8B$91.32026-07-28Jun 2026
Red Rock Resorts, Inc. RRRAHEAD$6.6B$66.12026-07-28Mar 2026
Caesars Entertainment, Inc. CZR21/26 WEEKS$6.1B$30.02026-07-28Mar 2026
Vail Resorts, Inc. MTNAHEAD$5.6B$1572026-07-28Jun 2026
Hilton Grand Vacations Inc. HGVAHEAD$4.1B$52.72026-07-28Mar 2026
Marriott Vacations Worldwide Corporation VACAHEAD26/26 WEEKS$3.5B$1032026-07-28Mar 2026
PENN Entertainment, Inc. PENNAHEAD21/26 WEEKS$2.7B$21.12026-07-28Mar 2026
Monarch Casino & Resort, Inc. MCRI23/26 WEEKS$2.2B$1232026-07-28Jun 2026
Melco Resorts & Entertainment Limited MLCOLAGGING, FUNDAMENTALS UP$2.2B$5.62026-07-28Mar 2026
Bally's Corporation BALY$720M$14.72026-07-28Mar 2026
Studio City International Holdings Limited MSC$341M$1.82026-07-28Mar 2026
Full House Resorts, Inc. FLL$96M$2.82026-07-10
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 15 Resorts & Casinos companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-28. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-28 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Questions investors ask · short, speakable answers

Resorts & Casinos company comparison FAQs

These 18 answers restate the Resorts & Casinos comparison above in question form. Every one is computed from the same 15 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-28. Nothing here is estimated, and none of it is a recommendation.

Which Resorts & Casinos company is the biggest?

MGM Resorts International is the largest, with trailing-twelve-month revenue of $17,715 million, ahead of Caesars Entertainment, Inc. at $11,562 million. That covers 11 of 15 companies with comparable reporting through Mar 2026.

Which Resorts & Casinos company is growing fastest?

Bally's Corporation has the fastest revenue growth at 16.6% year on year, across 11 of 15 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Resorts & Casinos company has the best profit margins?

Marriott Vacations Worldwide Corporation has the highest operating margin at 41.2%, from 14 of 15 comparable companies. Bally's Corporation shows the biggest recent improvement, at +15.9 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Resorts & Casinos company makes the most profit?

Wynn Resorts, Limited earns the most, at $478 million of trailing-twelve-month net profit, from 11 of 15 comparable companies. Red Rock Resorts, Inc. has the fastest profit growth at 18.1%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Resorts & Casinos company earns the highest return on capital?

Vail Resorts, Inc. leads on return on capital employed at 11.3%, across 14 of 15 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Resorts & Casinos stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — MGM Resorts International screens cheapest at 0.18×. Only 4 of 15 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Resorts & Casinos company has the strongest balance sheet?

Monarch Casino & Resort, Inc. carries the lowest comparable gross debt at $13 million, from 14 of 15 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Resorts & Casinos company is investing most in new capacity?

Caesars Entertainment, Inc. reports the largest capital spending at $210 million, across 14 of 15 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

Is the Resorts & Casinos sector beating the market?

Resorts & Casinos has underperformed S&P 500 by 9.9% over the last 52 weeks and 7.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 9 of 15 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Resorts & Casinos stock has the strongest price momentum?

Marriott Vacations Worldwide Corporation has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Resorts & Casinos company scores highest for research priority?

Monarch Casino & Resort, Inc. scores 60.5 out of 100 with 58.7% evidence confidence, from 20.6 points on growth and earnings, 17.6 on capital efficiency, 9.5 on valuation and 12.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Resorts & Casinos companies does this comparison cover, and over what period?

It compares 15 listed companies over up to 20 reported quarters of fundamentals and 5 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Resorts & Casinos sector?

The 15 Resorts & Casinos companies on this page carry $94,150 million of combined market value. Las Vegas Sands Corp. is the largest at $31,250 million, about 33% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28.

What is the Resorts & Casinos sector's P/E ratio?

The median price-to-earnings ratio across the 15 Resorts & Casinos companies on this page is 18×, measured on the 13 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28.

How is the Resorts & Casinos sector performing?

9 of the 15 covered Resorts & Casinos companies are beating S&P 500 on Mansfield relative strength. The sector itself is 9.9% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28.

How many Resorts & Casinos stocks are listed in the US?

This comparison covers 15 listed Resorts & Casinos companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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