AMZN
Amazon.com, Inc.
AMZN has the edge over MGM overall, supported by stronger valuation and lower modeled downside.
MGM
MGM Resorts International
MGM offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
AMZN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Weak | |
| Healthy |
AMZN's revenue, profitability and balance sheet are currently healthy, but its cash flow is weak.
MGM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Healthy |
MGM's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
AMZN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 22x | $267 | — |
| Forward | 27x | $267 | — |
| Cheap | 34x | $415 | +55% |
| Fair | 60x | $745 | +179% |
| Expensive | 102x | $1,262 | +372% |
Historical ranges are pointers, not guarantees.
AMZN has the edge over MGM in the historical PE scenario, which offers more potential upside but is not a forecast.
MGM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.2x | $21.76 | -35% |
| Current | 13x | $33.24 | — |
| Fair | 14x | $36.28 | +9.2% |
| Forward | 25x | $33.24 | — |
| Expensive | 34x | $88.90 | +167% |
Historical ranges are pointers, not guarantees.
MGM's PE is in its fair range at 13x. Analysts expect earnings to fall, which would put today's price at 25x next year's earnings, in its expensive range.
AMZN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
AMZN has the edge over MGM on the outlook, with more favorable earnings and revenue expectations.
MGM Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect MGM's earnings and profitability to decline, with its revenue holding steady. However, they disagree widely on these estimates.
AMZN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.87 | -20% |
| Q3 2026 | $12.37 | +75% |
| Q2 2026 | $12.43 | +89% |
| Q1 2026 | $8.36 | +36% |
| Q4 2025 | $7.17 | +30% |
| Q3 2025 | $7.08 | +52% |
| Q2 2025 | $6.56 | +57% |
| Q1 2025 | $6.14 | +72% |
| Q4 2024 | $5.53 | +91% |
AMZN has the edge over MGM on earnings, with more consistent year-over-year improvement.
MGM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.35 | -49% |
| Q3 2026 | $2.64 | +1550% |
| Q2 2026 | $1.66 | -8.8% |
| Q1 2026 | $0.73 | -67% |
| Q4 2025 | $0.76 | -68% |
| Q3 2025 | $0.16 | -94% |
| Q2 2025 | $1.82 | -32% |
| Q1 2025 | $2.24 | -15% |
| Q4 2024 | $2.40 | -25% |
MGM's earnings per share have fallen from their peak: $2.64 over the past year, against $7.10 in mid-2022.
AMZN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $201.9B | +12% |
| Q2 2026 | $200.6B | +20% |
| Q1 2026 | $181.5B | +17% |
| Q4 2025 | $213.4B | +14% |
| Q3 2025 | $180.2B | +13% |
| Q2 2025 | $167.7B | +13% |
| Q1 2025 | $155.7B | +8.6% |
| Q4 2024 | $187.8B | +10% |
AMZN has the edge over MGM on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +4.2 points |
| Q2 2026 | 14% | +2.3 points |
| Q1 2026 | 13% | +1.3 points |
| Q4 2025 | 12% | +0.4 points |
| Q3 2025 | 9.7% | -1.3 points |
| Q2 2025 | 11% | +1.5 points |
| Q1 2025 | 12% | +1.1 points |
| Q4 2024 | 11% | +3.5 points |
AMZN has the edge over MGM on profitability, with a higher operating margin.
MGM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.2B | -0.9% |
| Q2 2026 | $4.5B | +1% |
| Q1 2026 | $4.5B | +4.2% |
| Q4 2025 | $4.6B | +6% |
| Q3 2025 | $4.3B | +1.6% |
| Q2 2025 | $4.4B | +1.8% |
| Q1 2025 | $4.3B | -2.4% |
| Q4 2024 | $4.3B | -0.7% |
MGM's revenue grew through 2024 and has held roughly level since: $4.2B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.8% | +5.5 points |
| Q2 2026 | 11% | +2.1 points |
| Q1 2026 | 6.8% | -2.2 points |
| Q4 2025 | 7.1% | +0.3 points |
| Q3 2025 | -2.7% | -10 points |
| Q2 2025 | 9.2% | -0.7 points |
| Q1 2025 | 9% | -1.5 points |
| Q4 2024 | 6.7% | -2.9 points |
MGM's operating margin was 2.8% last quarter, up 5.5 points from the same quarter a year ago.
AMZN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$34.8B | -8202% |
| Q2 2026 | -$8.8B | -2757% |
| Q1 2026 | -$18.2B | -$10.2B |
| Q4 2025 | $14.9B | -16% |
| Q3 2025 | $430M | -87% |
| Q2 2025 | $332M | -96% |
| Q1 2025 | -$8B | -297% |
| Q4 2024 | $17.8B | -36% |
AMZN's free cash flow was −$46.9B over the past year, against $10.6B the year before.
MGM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $310.8M | -23% |
| Q2 2026 | $317.4M | -16% |
| Q1 2026 | $413.1M | +29% |
| Q4 2025 | $358.5M | +34% |
| Q3 2025 | $405.4M | +22% |
| Q2 2025 | $377.4M | +60% |
| Q1 2025 | $319M | -15% |
| Q4 2024 | $267.5M | -31% |
MGM has the edge over AMZN on cash generation, producing positive trailing cash flow while its opponent burns cash.
AMZN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +26M shares |
| 1 year | +0.8% | +84M shares |
| 3 years | +3.5% | +371M shares |
| 5 years | +6.1% | +629M shares |
| Available history | +8.2% | +829M shares |
AMZN has 10.9B diluted shares, up 0.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $3.3B |
MGM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.2% | -5.8M shares |
| 1 year | -7.5% | -20.6M shares |
| 3 years | -28% | -99.4M shares |
| 5 years | -48% | -232M shares |
| Available history | -52% | -276M shares |
MGM has the edge over AMZN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $173.6M |
| Q1 2026 | $88.9M |
| Q4 2025 | $511.1M |
| Q3 2025 | $12,000 |
| Q2 2025 | $227.9M |
| Q1 2025 | $489.3M |
| Q4 2024 | $119.8M |
MGM spent $774M buying back its own shares over the past year, down 7.6% from the year before.
AMZN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.1x | Very low |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.0x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
AMZN has the edge over MGM on leverage, with a lower net debt burden relative to earnings.
MGM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.4x | Healthy |
| Q2 2026 | 1.7x | Healthy |
| Q1 2026 | 2.1x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.1x | Moderate |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 1.8x | Healthy |
| Q4 2024 | 1.7x | Healthy |
MGM's net debt is about 1.4 years of its operating earnings (EBITDA), down from 2.1 years a year ago.
AMZN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.1 | Neutral |
| Stochastic | 50.0 | Neutral |
AMZN's weekly RSI is 57 (neutral) and its Stochastic is 50 (neutral).
MGM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 41.0 | Neutral |
| Stochastic | 27.4 | Neutral |
MGM's weekly RSI is 41 (neutral) and its Stochastic is 27 (neutral).
AMZN PE vs Consumer Cyclical Sector
| Metric | AMZN | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 18x | 20% above |
| PE % | 4 | 47 | 43 pts below |
AMZN is trading at 22x earnings, a 20% premium to the Consumer Cyclical sector's median of 18x, though its recent earnings include one-off gains.
MGM PE vs Consumer Cyclical Sector
| Metric | MGM | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 18x | 30% below |
| PE % | 36 | 47 | 11 pts below |
MGM has the edge over AMZN on valuation relative to its sector.
AMZN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $253.6 | 5.5% above |
| 20 week MA | $254.9 | 4.9% above |
| 50 week MA | $242.5 | 10% above |
| 100 week MA | $229.6 | 17% above |
| 200 week MA | $191.4 | 40% above |
AMZN has the edge over MGM on trend strength, trading above more of its moving averages.
MGM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $30.6 | 8.7% above |
| 20 week MA | $38.4 | 13% below |
| 50 week MA | $38.4 | 13% below |
| 100 week MA | $36.1 | 7.9% below |
| 200 week MA | $38.8 | 14% below |
MGM has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 14% below its 200-week average.
AMZN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $93.5 | $158.6 | +70% |
| 2021 | $158.6 | $171.1 | +7.8% |
| 2022 | $171.1 | $85.3 | -50% |
| 2023 | $85.3 | $151.9 | +78% |
| 2024 | $151.9 | $223.8 | +47% |
| 2025 | $223.8 | $232.5 | +3.9% |
| 2026 YTD | $232.5 | $267.4 | +15% |
AMZN has the edge over MGM on returns for 2026, with the stronger performance.
MGM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $33.6 | $30.7 | -8.5% |
| 2021 | $30.7 | $45.7 | +49% |
| 2022 | $45.7 | $33.8 | -26% |
| 2023 | $33.8 | $44.7 | +32% |
| 2024 | $44.7 | $34.8 | -22% |
| 2025 | $34.8 | $37.7 | +8.4% |
| 2026 YTD | $37.7 | $33.2 | -12% |
MGM has finished lower in three of the last six years. It's down 12% so far in 2026.