Monarch Casino & Resort, Inc. (MCRI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.71	$1.85	+8.2%	—	$142.6M	—
Q1 26	$1.16	$1.58	+36.2%	—	$136.6M	—
Q4 25	$1.42	$1.55	+9.2%	—	$140M	—
Q3 25	$1.56	$1.71	+9.6%	—	$142.8M	—
Q2 25	$1.18	$1.48	+25.4%	—	$136.9M	—
Q1 25	$1	$1.07	+7.0%	—	$125.4M	—
Q4 24	$1.12	$1.36	+21.4%	—	$134.5M	—
Q3 24	$1.35	$1.48	+9.6%	—	$137.9M	—
Q2 24	$1.12	$1.2	+7.1%	—	$128.1M	—
Q1 24	$0.96	$0.95	-1.0%	—	$121.7M	—
Q4 23	$1.06	$1.03	-2.8%	—	$128.2M	—
Q3 23	$1.43	$1.23	-14.0%	—	$133M	—
Q2 23	$1.17	$1.14	-2.6%	—	$123.7M	—
Q1 23	$0.99	$0.9	-9.1%	—	$116.6M	—
Q4 22	$1.2	$1.14	-5.0%	—	$120.5M	—
Q3 22	$1.22	$1.41	+15.6%	—	$133.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.55	—	—	$545.1M	—
FY24	—	$5.05	—	—	$522.2M	—
FY23	—	$4.28	—	—	$501.5M	—
FY22	—	$4.6	—	—	$477.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$217M	$230.7M	$240.3M	$249.2M	$184.4M	$395.4M	$477.9M	$501.5M	$522.2M	$545.1M
YoY change	+7.31%	+6.31%	+4.16%	+3.68%	-26%	+114.4%	+20.9%	+4.94%	+4.13%	+4.39%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	217M	230.7M	240.3M	249.2M	184.4M	395.4M	477.9M	501.5M	522.2M	545.1M
Cost of revenue	105.2M	112.2M	117.1M	122.3M	84.7M	177.7M	218.3M	232.3M	241.4M	245.1M
Gross profit	111.8M	118.5M	123.3M	126.9M	99.7M	217.7M	259.6M	269.2M	280.8M	300.1M
Gross margin	51.5%	51.4%	51.3%	50.9%	54.1%	55.1%	54.3%	53.7%	53.8%	55%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	57.7M	62.7M	65.8M	69.3M	60.4M	84.4M	97.6M	105.8M	108.3M	109.4M
Operating expenses	57.7M	62.7M	65.8M	72.4M	67.1M	89.4M	104.7M	111.7M	137M	118.5M
Operating income	39.2M	40.7M	42.8M	39.6M	15.3M	89.9M	111.4M	110.2M	92.5M	127.5M
Operating margin	18.1%	17.6%	17.8%	15.9%	8.28%	22.7%	23.3%	22%	17.7%	23.4%
Non-operating income, net	-677K	-4K	-12K	—	—	—	—	—	—	—
Pretax income	37.9M	39.7M	42.6M	39.6M	15M	85.4M	109M	108.5M	92.4M	129.4M
Income tax	13.4M	14.2M	8.6M	7.8M	-8.7M	16.9M	21.5M	26.1M	19.6M	28M
Net income	24.6M	25.5M	34.1M	31.8M	23.7M	68.5M	87.5M	82.4M	72.8M	101.4M
Net margin	11.3%	11.1%	14.2%	12.8%	12.8%	17.3%	18.3%	16.4%	13.9%	18.6%
EBITDA	54.1M	55.8M	57.4M	54.5M	32.6M	128.3M	154.9M	157.4M	143.9M	181.5M
EPS	1.42	1.45	1.91	1.77	1.3	3.68	4.6	4.28	5.05	5.55
Diluted EPS	1.39	1.39	1.83	1.7	1.25	3.53	4.47	4.2	4.96	5.43

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	133M	128.2M	121.7M	128.1M	137.9M	134.5M	125.4M	136.9M	142.8M	140M	136.6M	142.6M
Cost of revenue	58.8M	59.1M	57.8M	59.8M	62.1M	61.7M	59.2M	60.7M	62.5M	62.6M	61.8M	63.2M
Gross profit	74.2M	69.1M	63.8M	68.3M	75.8M	72.8M	66.2M	76.2M	80.3M	77.4M	74.8M	79.4M
Gross margin	55.8%	53.9%	52.5%	53.3%	55%	54.2%	52.8%	55.7%	56.2%	55.3%	54.7%	55.7%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	27.1M	28.7M	27.1M	26.2M	27.2M	27.8M	27.2M	26.8M	27.5M	27.9M	27.8M	28.6M
Operating expenses	30.1M	31.6M	27.5M	26.4M	27.4M	55.6M	27.7M	27.7M	28M	35.1M	29.3M	30.2M
Operating income	31.9M	25.4M	23.8M	29.5M	35.3M	3.9M	25.3M	34.9M	38.2M	29.1M	34.9M	38.6M
Operating margin	24%	19.8%	19.6%	23%	25.6%	2.9%	20.2%	25.5%	26.7%	20.8%	25.6%	27.1%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	31.5M	25.5M	23.8M	29.3M	35.1M	4.1M	25.6M	35.3M	38.7M	29.8M	35.5M	39.4M
Income tax	7.4M	7.3M	5.5M	6.6M	7.5M	-63K	5.8M	8.3M	7.2M	6.8M	8M	6.8M
Net income	24.2M	18.2M	18.3M	22.7M	27.6M	4.2M	19.9M	27M	31.6M	22.9M	27.6M	32.5M
Net margin	18.2%	14.2%	15%	17.7%	20%	3.13%	15.8%	19.7%	22.1%	16.4%	20.2%	22.8%
EBITDA	44.1M	37.5M	36.3M	41.9M	48.4M	17.3M	38.5M	48.5M	52.2M	42.3M	45.4M	49.3M
EPS	1.26	0.94	0.95	1.21	1.5	1.39	1.08	1.47	1.73	1.27	1.55	1.82
Diluted EPS	1.23	0.93	0.93	1.19	1.47	1.36	1.05	1.44	1.69	1.25	1.52	1.78

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	446.1M	788.2M	680.6M	875.1M	1.1B	1.4B	1.5B	1.3B	1.5B	1.7B	2.1B
Enterprise value	445.9M	785.2M	744.7M	1B	1.3B	1.4B	1.4B	1.3B	1.4B	1.7B	2B
Shares outstanding	17.3M	17.6M	17.8M	18M	18.2M	18.6M	19M	19.2M	18.6M	18.3M	18.3M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	18.2	30.9	20	27.5	47.1	20.1	16.7	16.1	20.2	17.3	18.8
P/S	2.06	3.42	2.83	3.51	6.05	3.48	3.06	2.65	2.81	3.21	3.74
P/B	1.91	2.96	2.26	2.56	3.03	3.07	2.71	2.59	2.84	3.25	3.64
EV/EBITDA	8.25	14.1	13	18.8	39.3	11.3	9.31	8.31	9.9	9.18	10
EV/Sales	2.05	3.4	3.1	4.12	6.95	3.66	3.02	2.61	2.73	3.06	3.53
Earnings yield	5.51%	3.24%	5.01%	3.64%	2.12%	4.97%	5.99%	6.2%	4.96%	5.8%	5.32%
FCF yield	3.95%	-0.07%	-11.5%	-7.1%	-5.13%	5.9%	6.87%	9.32%	6.35%	7.34%	6.28%
PEG	—	—	—	—	—	—	—	—	—	—	0.79

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	51.5%	51.4%	51.3%	50.9%	54.1%	55.1%	54.3%	53.7%	53.8%	55%	55.7%
Operating margin	18.1%	17.6%	17.8%	15.9%	8.28%	22.7%	23.3%	22%	17.7%	23.4%	27.4%
Net margin	11.3%	11.1%	14.2%	12.8%	12.8%	17.3%	18.3%	16.4%	13.9%	18.6%	20.4%
ROE	10.5%	9.58%	11.3%	9.32%	6.43%	15.3%	16.2%	16.1%	14.1%	18.9%	20.5%
ROA	8.33%	7.69%	7.49%	5.21%	3.52%	9.92%	12.6%	12.1%	10.5%	14.2%	12.9%
ROIC	10.9%	9.93%	9.38%	6.47%	2.86%	13.9%	17.2%	17.1%	15.4%	22%	24.9%
Return on tangible assets	10.5%	9.32%	8.54%	5.71%	3.82%	10.7%	13.6%	13.1%	11.4%	15.4%	16.7%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.12	1.17	0.79	1	0.67	0.6	0.76	0.61	0.62	0.86	1.21
Quick ratio	1.03	1.08	0.72	0.91	0.6	0.54	0.7	0.55	0.55	0.8	1.15
Debt / equity	0.11	0.1	0.31	0.62	0.53	0.23	0.04	0.04	0.03	0.02	0.02
Debt / assets	0.09	0.08	0.21	0.35	0.29	0.15	0.03	0.03	0.02	0.02	0.02
Net debt / EBITDA	-0	-0.05	1.11	2.76	5.1	0.54	-0.12	-0.15	-0.31	-0.46	-0.66
Interest coverage	62.6	42.1	242	—	55.9	19.9	46.1	67.8	889.5	—	—
Effective tax rate	35.2%	35.7%	20%	19.6%	0%	19.8%	19.8%	24%	21.2%	21.7%	20.1%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	12.5	13.1	13.5	13.8	10.1	21.2	25.2	26.1	28.1	29.8	31.2
EPS (basic)	1.42	1.45	1.91	1.77	1.3	3.68	4.6	4.28	5.05	5.55	5.55
EPS (diluted)	1.39	1.39	1.83	1.7	1.25	3.53	4.47	4.2	4.96	5.43	6.23
Book value per share	13.5	15.2	16.9	18.9	20.2	24.1	28.4	26.7	27.8	29.4	32.2
FCF per share	1.02	-0.03	-4.39	-3.45	-3.14	4.36	5.28	6.45	5.01	7.02	8.45
Cash per share	1.52	1.66	1.71	3.36	1.55	1.8	2.04	2.25	3.16	5.28	7.71
Capex per share	1.51	2.84	7.68	6.96	4.87	2.52	2.08	2.55	2.55	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	12%	21.7%	57%	50.3%	48.1%	11.9%	8.26%	9.77%	9.08%	—	—
Capex / operating cash flow	60.9%	108.1%	233.5%	205.9%	1.2K%	39.6%	28.7%	29.2%	34%	—	—
Payout ratio	—	—	—	—	—	0%	0%	136.8%	30.6%	21.6%	19.3%
Dividend yield	—	—	—	—	—	0%	0%	8.48%	1.52%	1.25%	1.02%

Yield

1.02%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.30

ex-dividend Sep 1, 2026

Payout ratio

19%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 1, 2026	$0.30
Jun 1, 2026	$0.30
Mar 2, 2026	$0.30
Dec 1, 2025	$0.30
Aug 29, 2025	$0.30
May 30, 2025	$0.30
Feb 28, 2025	$0.30
Nov 29, 2024	$0.30

Split history

Date	Ratio
Mar 31, 2005	2:1

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$133M	$128.2M	$121.7M	$128.1M	$137.9M	$134.5M	$125.4M	$136.9M	$142.8M	$140M	$136.6M	$142.6M
YoY change	-0.57%	+6.35%	+4.3%	+3.61%	+3.69%	+4.94%	+3.07%	+6.84%	+3.58%	+4.08%	+8.9%	+4.15%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	26.4M	29.2M	30.5M	60.5M	28.3M	33.5M	38.8M	43.4M	58.8M	96.5M
Receivables	5M	6.9M	6.7M	5.5M	3.7M	8.9M	9.6M	12M	10.3M	11.1M
Inventory	3.1M	3.3M	3.7M	6.7M	7.8M	7.2M	7.6M	7.6M	9.3M	9.1M
Total current assets	39.4M	46M	46.7M	79.2M	73.2M	84.1M	89.4M	75M	90.4M	129.3M
Property, plant & equipment	-982K	32.7M	155.1M	276.3M	67M	50.8M	26.2M	5M	-21.2M	-59.7M
Goodwill & intangibles	60.3M	58M	55.6M	53.3M	52.2M	51.2M	50.9M	50.8M	50.9M	53.9M
Total assets	295.2M	332.1M	455.1M	610.9M	671.9M	690.5M	692.9M	680.9M	691.6M	712.8M
Accounts payable	8.7M	8.2M	11.2M	17M	11.7M	18.6M	14.4M	23.1M	41.2M	44.9M
Short-term debt	—	—	—	20.8M	13.3M	20.7M	7.3M	897K	921K	1M
Total current liabilities	35.1M	39.4M	59.4M	79.5M	109.4M	141.2M	117.7M	123.4M	146.5M	150.2M
Long-term debt	26.2M	26.2M	94.5M	190.2M	181.1M	81.7M	13.2M	19.5M	13.1M	12.3M
Total liabilities	61.3M	65.6M	153.9M	269.7M	303.8M	242.4M	154M	167.7M	173.8M	175.2M
Shareholders' equity	233.8M	266.5M	301.2M	341.2M	368.1M	448M	539M	513.1M	517.7M	537.7M
Total debt	26.2M	26.2M	94.5M	211M	194.5M	102.4M	20.6M	20.4M	14.1M	13.3M
Net debt	-183K	-3M	64M	150.5M	166.1M	68.9M	-18.2M	-22.9M	-44.7M	-83.2M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	33.9M	43.4M	39.5M	33.5M	39.4M	58.8M	75.1M	71.6M	107.6M	96.5M	120.1M	138.3M
Receivables	11M	12M	10.3M	9.9M	11.9M	10.3M	12M	12M	8.9M	11.1M	9.7M	9.6M
Inventory	7.2M	7.6M	7.4M	8.1M	7.7M	9.3M	8.3M	8.4M	8.5M	9.1M	8.3M	8.3M
Total current assets	62.7M	75M	66.5M	61M	68.3M	90.4M	103.3M	102.5M	134M	129.3M	146.9M	168.9M
Property, plant & equipment	11.4M	5M	9.5M	-6.4M	-16.9M	-21.2M	-15.1M	-37.7M	-49.8M	-59.7M	-65.2M	-72.2M
Goodwill & intangibles	50.9M	50.8M	50.7M	50.7M	50.6M	50.9M	53.5M	53.8M	53.7M	53.9M	53.6M	54.5M
Total assets	664.3M	680.9M	677.3M	672.4M	671.1M	691.6M	712.1M	705.8M	725.4M	712.8M	725.2M	741.2M
Accounts payable	19.5M	23.1M	21.4M	17.4M	13.3M	41.2M	38.8M	39.2M	40.6M	44.9M	45.4M	41.9M
Short-term debt	883K	897K	6.4M	23.9M	7.9M	921K	890K	1M	1M	1M	986K	953K
Total current liabilities	116.6M	123.4M	130.2M	136.1M	120.1M	146.5M	149.3M	139.5M	140.2M	150.2M	150.6M	139.9M
Long-term debt	22.3M	19.5M	13.8M	13.5M	13.4M	13.1M	12.9M	12.8M	12.5M	12.3M	12.1M	11.8M
Total liabilities	161.8M	167.7M	168.4M	174M	157.9M	173.8M	176.5M	166.5M	167M	175.2M	175.3M	164.4M
Shareholders' equity	502.4M	513.1M	508.9M	498.4M	513.3M	517.7M	535.6M	539.2M	558.4M	537.7M	549.8M	576.8M
Total debt	23.1M	20.4M	20.2M	37.5M	21.3M	14.1M	13.8M	13.8M	13.6M	13.3M	13M	12.8M
Net debt	-10.8M	-22.9M	-19.3M	4M	-18.1M	-44.7M	-61.3M	-57.8M	-94.1M	-83.2M	-107.1M	-125.5M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	24.6M	25.5M	34.1M	31.8M	23.7M	68.5M	87.5M	82.4M	72.8M	101.4M
Depreciation & amortization	14.8M	15.1M	14.6M	14.9M	17.3M	38.4M	43.4M	47.3M	51.4M	54M
Stock-based compensation	1.7M	7.1M	5.5M	8.2M	3.9M	4.1M	5.2M	7.5M	7.9M	8.4M
Change in working capital	579K	-5.9M	4.5M	4.1M	-54.3M	142K	-3.4M	30M	17.5M	2M
Operating cash flow	42.9M	46.2M	58.7M	60.9M	7.2M	118.6M	137.6M	167.6M	139.3M	164.7M
Capital expenditure	-26.1M	-50M	-137.1M	-125.4M	-88.7M	-46.9M	-39.5M	-49M	-47.4M	—
Investing cash flow	-24.9M	-46.7M	-125.7M	-134.9M	-46.4M	-37.8M	-48M	-51.2M	-43.8M	-851K
Dividends paid	—	—	—	—	—	0	0	-112.8M	-22.3M	-21.9M
Share repurchases	—	—	—	—	0	0	-6.5M	-5M	-60M	-72.7M
Financing cash flow	-16.5M	0	68.3M	101.8M	-21M	-93.2M	-99.4M	-185.8M	-140.7M	-96.9M
Net change in cash	1.4M	-438K	1.3M	27.7M	-60.3M	-12.4M	-9.8M	-69.4M	-45.2M	67M
Free cash flow	17.6M	-536K	-78.3M	-62.1M	-57.2M	81.2M	100.3M	124M	93.3M	128.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	24.2M	18.2M	18.3M	22.7M	27.6M	4.2M	19.9M	27M	31.6M	22.9M	27.6M	32.5M
Depreciation & amortization	12.2M	12.1M	12.5M	12.4M	13.1M	13.4M	13.2M	13.6M	14.1M	13.2M	10.5M	10.7M
Stock-based compensation	2.1M	2.6M	1.8M	1.8M	2M	2.3M	2.1M	1.9M	2.1M	2.3M	2M	2.1M
Change in working capital	3.4M	3.7M	5.8M	-10.6M	-4.2M	26.4M	2.6M	-6.9M	7.4M	-972K	10.5M	-13.3M
Operating cash flow	41.9M	36.7M	38.4M	26.3M	38.5M	45.9M	37.9M	35.5M	56M	38.1M	48.5M	30.7M
Capital expenditure	-9M	-16.8M	-17.6M	-13.4M	-4.9M	-11.6M	-19.8M	-8.1M	—	—	—	—
Investing cash flow	-9M	-16.6M	-17.9M	-12.8M	-3.7M	-9.4M	-16M	-12.4M	-3M	2.6M	-1.9M	280K
Dividends paid	-5.7M	-5.7M	-5.7M	-5.6M	-5.5M	-5.5M	-5.5M	-5.5M	-5.5M	-5.4M	-5.4M	-5.4M
Share repurchases	0	-5M	-19.6M	-30.8M	-9.7M	63K	0	-20M	-11.3M	-41.4M	-17.7M	212K
Financing cash flow	-78.9M	-19.5M	-34.8M	-37.3M	-49.2M	-19.5M	-5.5M	-25.5M	-16.8M	-46.8M	-23.1M	-5.2M
Net change in cash	-45.9M	557K	-14.3M	-23.8M	-14.4M	17M	16.3M	-2.3M	36.2M	-6M	23.5M	25.8M
Free cash flow	37.5M	21.8M	20.7M	11M	35.4M	26.2M	16.6M	26M	53.5M	32.2M	43M	25.6M

Monarch Casino & Resort, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement