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Side-by-side financial comparison of MGM Resorts (MGM) and Stanley Black & Decker (SWK). Click either name above to swap in a different company.

MGM Resorts is the larger business by last-quarter revenue ($4.6B vs $3.8B, roughly 1.2× Stanley Black & Decker). MGM Resorts runs the higher net margin — 6.4% vs 1.4%, a 5.0% gap on every dollar of revenue. On growth, MGM Resorts posted the faster year-over-year revenue change (6.0% vs 0.1%). MGM Resorts produced more free cash flow last quarter ($358.5M vs $155.3M). Over the past eight quarters, MGM Resorts's revenue compounded faster (2.5% CAGR vs 0.3%).

MGM Resorts International is an American multinational hospitality, sports and entertainment company. It operates resorts in Las Vegas, Massachusetts, Michigan, Mississippi, Maryland, Ohio, New Jersey, Macau, Shanghai, Chengdu, Hangzhou and Sanya, including the Bellagio, Mandalay Bay, MGM Grand and Park MGM.

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.

MGM vs SWK — Head-to-Head

Bigger by revenue
MGM
MGM
1.2× larger
MGM
$4.6B
$3.8B
SWK
Growing faster (revenue YoY)
MGM
MGM
+5.8% gap
MGM
6.0%
0.1%
SWK
Higher net margin
MGM
MGM
5.0% more per $
MGM
6.4%
1.4%
SWK
More free cash flow
MGM
MGM
$203.2M more FCF
MGM
$358.5M
$155.3M
SWK
Faster 2-yr revenue CAGR
MGM
MGM
Annualised
MGM
2.5%
0.3%
SWK

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MGM
MGM
SWK
SWK
Revenue
$4.6B
$3.8B
Net Profit
$293.6M
$51.4M
Gross Margin
31.4%
Operating Margin
7.1%
Net Margin
6.4%
1.4%
Revenue YoY
6.0%
0.1%
Net Profit YoY
86.5%
-43.6%
EPS (diluted)
$1.12
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MGM
MGM
SWK
SWK
Q4 25
$4.6B
Q3 25
$4.3B
$3.8B
Q2 25
$4.4B
$3.9B
Q1 25
$4.3B
$3.7B
Q4 24
$4.3B
$3.7B
Q3 24
$4.2B
$3.8B
Q2 24
$4.3B
$4.0B
Q1 24
$4.4B
$3.9B
Net Profit
MGM
MGM
SWK
SWK
Q4 25
$293.6M
Q3 25
$-285.3M
$51.4M
Q2 25
$49.0M
$101.9M
Q1 25
$148.6M
$90.4M
Q4 24
$157.4M
$194.9M
Q3 24
$184.6M
$91.1M
Q2 24
$187.1M
$-11.2M
Q1 24
$217.5M
$19.5M
Gross Margin
MGM
MGM
SWK
SWK
Q4 25
Q3 25
31.4%
Q2 25
27.0%
Q1 25
29.9%
Q4 24
30.8%
Q3 24
29.9%
Q2 24
28.4%
Q1 24
28.6%
Operating Margin
MGM
MGM
SWK
SWK
Q4 25
7.1%
Q3 25
-2.7%
Q2 25
9.2%
Q1 25
9.0%
Q4 24
6.7%
3.4%
Q3 24
7.5%
10.6%
Q2 24
9.8%
9.5%
Q1 24
10.5%
8.3%
Net Margin
MGM
MGM
SWK
SWK
Q4 25
6.4%
Q3 25
-6.7%
1.4%
Q2 25
1.1%
2.6%
Q1 25
3.5%
2.4%
Q4 24
3.6%
5.2%
Q3 24
4.4%
2.4%
Q2 24
4.3%
-0.3%
Q1 24
5.0%
0.5%
EPS (diluted)
MGM
MGM
SWK
SWK
Q4 25
$1.12
Q3 25
$-1.05
$0.34
Q2 25
$0.18
$0.67
Q1 25
$0.51
$0.60
Q4 24
$0.52
$1.29
Q3 24
$0.61
$0.60
Q2 24
$0.60
$-0.07
Q1 24
$0.67
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MGM
MGM
SWK
SWK
Cash + ST InvestmentsLiquidity on hand
$2.1B
$268.3M
Total DebtLower is stronger
$6.2B
$5.3B
Stockholders' EquityBook value
$2.4B
$9.0B
Total Assets
$41.4B
$21.8B
Debt / EquityLower = less leverage
2.56×
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MGM
MGM
SWK
SWK
Q4 25
$2.1B
Q3 25
$2.1B
$268.3M
Q2 25
$2.0B
$311.8M
Q1 25
$2.3B
$344.8M
Q4 24
$2.4B
$290.5M
Q3 24
$3.0B
$298.7M
Q2 24
$2.4B
$318.5M
Q1 24
$2.7B
$476.6M
Total Debt
MGM
MGM
SWK
SWK
Q4 25
$6.2B
Q3 25
$6.2B
$5.3B
Q2 25
$6.2B
$5.6B
Q1 25
$6.4B
$5.6B
Q4 24
$6.4B
$6.1B
Q3 24
$6.9B
$6.1B
Q2 24
$6.3B
$6.1B
Q1 24
$6.3B
$6.1B
Stockholders' Equity
MGM
MGM
SWK
SWK
Q4 25
$2.4B
Q3 25
$2.7B
$9.0B
Q2 25
$3.0B
$9.1B
Q1 25
$2.9B
$8.8B
Q4 24
$3.0B
$8.7B
Q3 24
$3.2B
$8.9B
Q2 24
$3.2B
$8.7B
Q1 24
$3.5B
$8.9B
Total Assets
MGM
MGM
SWK
SWK
Q4 25
$41.4B
Q3 25
$41.4B
$21.8B
Q2 25
$41.7B
$22.5B
Q1 25
$41.9B
$22.5B
Q4 24
$42.2B
$21.8B
Q3 24
$42.7B
$22.5B
Q2 24
$41.8B
$22.5B
Q1 24
$42.1B
$23.9B
Debt / Equity
MGM
MGM
SWK
SWK
Q4 25
2.56×
Q3 25
2.30×
0.59×
Q2 25
2.09×
0.62×
Q1 25
2.25×
0.63×
Q4 24
2.10×
0.70×
Q3 24
2.14×
0.69×
Q2 24
1.96×
0.70×
Q1 24
1.81×
0.69×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MGM
MGM
SWK
SWK
Operating Cash FlowLast quarter
$655.0M
$221.2M
Free Cash FlowOCF − Capex
$358.5M
$155.3M
FCF MarginFCF / Revenue
7.8%
4.1%
Capex IntensityCapex / Revenue
6.4%
1.8%
Cash ConversionOCF / Net Profit
2.23×
4.30×
TTM Free Cash FlowTrailing 4 quarters
$1.5B
$369.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MGM
MGM
SWK
SWK
Q4 25
$655.0M
Q3 25
$681.4M
$221.2M
Q2 25
$645.9M
$214.3M
Q1 25
$547.1M
$-420.0M
Q4 24
$671.6M
$679.1M
Q3 24
$667.4M
$285.8M
Q2 24
$474.2M
$573.0M
Q1 24
$549.3M
$-431.0M
Free Cash Flow
MGM
MGM
SWK
SWK
Q4 25
$358.5M
Q3 25
$405.4M
$155.3M
Q2 25
$377.4M
$134.7M
Q1 25
$319.0M
$-485.0M
Q4 24
$267.5M
$564.6M
Q3 24
$331.2M
$199.3M
Q2 24
$236.0M
$485.8M
Q1 24
$377.2M
$-496.7M
FCF Margin
MGM
MGM
SWK
SWK
Q4 25
7.8%
Q3 25
9.5%
4.1%
Q2 25
8.6%
3.4%
Q1 25
7.5%
-13.0%
Q4 24
6.2%
15.2%
Q3 24
7.9%
5.3%
Q2 24
5.5%
12.1%
Q1 24
8.6%
-12.8%
Capex Intensity
MGM
MGM
SWK
SWK
Q4 25
6.4%
Q3 25
6.5%
1.8%
Q2 25
6.1%
2.0%
Q1 25
5.3%
1.7%
Q4 24
9.3%
3.1%
Q3 24
8.0%
2.3%
Q2 24
5.5%
2.2%
Q1 24
3.9%
1.7%
Cash Conversion
MGM
MGM
SWK
SWK
Q4 25
2.23×
Q3 25
4.30×
Q2 25
13.19×
2.10×
Q1 25
3.68×
-4.65×
Q4 24
4.27×
3.48×
Q3 24
3.62×
3.14×
Q2 24
2.54×
Q1 24
2.53×
-22.10×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MGM
MGM

Casino$2.6B56%
Occupancy$858.4M19%
Food And Beverage$749.0M16%
Entertainment Retail And Other$423.0M9%

SWK
SWK

Tools And Outdoor Segment$3.3B87%
Engineered Fastening Segment$500.5M13%

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