{
 "company": "MGM Resorts International",
 "ticker": "MGM",
 "sector": "Travel Lodging",
 "fiscalYearEnd": null,
 "revenueUsdM": 17537.7,
 "normalizedSga": {
  "pctRevenue": 25.54,
  "peerCount": 8,
  "peerMedianPctRevenue": 7.6,
  "peerLeanQuartilePctRevenue": 3.3,
  "peers": [
   {
    "ticker": "WH",
    "name": "Wyndham Hotels & Resorts, Inc.",
    "normalizedSgaPctRevenue": 8.75
   },
   {
    "ticker": "MAR",
    "name": "Marriott International, Inc.",
    "normalizedSgaPctRevenue": 3.32
   },
   {
    "ticker": "HLT",
    "name": "Hilton Worldwide Holdings Inc.",
    "normalizedSgaPctRevenue": 3.26
   },
   {
    "ticker": "CHH",
    "name": "Choice Hotels International, Inc.",
    "normalizedSgaPctRevenue": 7.59
   },
   {
    "ticker": "LVS",
    "name": "Las Vegas Sands Corp.",
    "normalizedSgaPctRevenue": 8.85
   },
   {
    "ticker": "PK",
    "name": "Park Hotels & Resorts Inc.",
    "normalizedSgaPctRevenue": 2.83
   },
   {
    "ticker": "H",
    "name": "Hyatt Hotels Corporation",
    "normalizedSgaPctRevenue": 8.66
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "advertising",
   "label": "Advertising",
   "pctRevenue": 2.27,
   "companiesDisclosing": 6,
   "peersDisclosing": [
    {
     "ticker": "WH",
     "pctRevenue": 5.46
    },
    {
     "ticker": "MAR",
     "pctRevenue": 3.82
    },
    {
     "ticker": "CHH",
     "pctRevenue": 13.01
    },
    {
     "ticker": "LVS",
     "pctRevenue": 0.28
    },
    {
     "ticker": "PK",
     "pctRevenue": 1.61
    }
   ],
   "note": "Brand spend is not the overhead question here."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.52,
   "companiesDisclosing": 6,
   "peersDisclosing": [
    {
     "ticker": "WH",
     "pctRevenue": 3.01
    },
    {
     "ticker": "MAR",
     "pctRevenue": 0.9
    },
    {
     "ticker": "HLT",
     "pctRevenue": 1.41
    },
    {
     "ticker": "LVS",
     "pctRevenue": 0.41
    },
    {
     "ticker": "PK",
     "pctRevenue": 0.75
    }
   ],
   "note": "Below the peer median. Not distorting the overhead picture."
  }
 ],
 "gapToPeers": {
  "toPeerMedian": {
   "usdM": 3054,
   "bps": 1742
  },
  "toLeanQuartile": {
   "usdM": 3900,
   "bps": 2224
  }
 },
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": 5,
   "peerTsrPct": -2,
   "driverPp": {
    "Combined drivers": 7
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 9,
   "peerTsrPct": 58,
   "driverPp": {
    "Combined drivers": -49
   }
  },
  {
   "label": "10 years",
   "span": "FY2016 to FY2025",
   "companyTsrPct": 34,
   "peerTsrPct": 153,
   "driverPp": {
    "Combined drivers": -119
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/MGM",
  "json": "https://sgabenchmarking.com/r/MGM.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}