NASDAQ : MCRI
Monarch Casino & Resort, Inc. — Financial statements
Consumer Discretionary · Resorts & Casinos · United States
Last price 111.76 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.97B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Monarch Casino & Resort, Inc. (MCRI) reported revenue of 565.41M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 539.71M | 520.20M | 497.64M | 479.91M | 459.09M | 378.87M |
| Other Revenue | 25.70M | 24.93M | 24.54M | 21.57M | 18.78M | 16.51M |
| Revenue | 565.41M | 545.12M | 522.19M | 501.48M | 477.87M | 395.38M |
| Cost of Revenue | 181.05M | 174.67M | 174.67M | 169.40M | 159.78M | 132.22M |
| Gross Profit | 384.37M | 370.45M | 347.52M | 332.07M | 318.09M | 263.16M |
| Selling, General & Admin | 113.21M | 109.38M | 108.29M | 105.82M | 97.60M | 84.43M |
| Other Operating Expenses | 74.05M | 70.36M | 66.67M | 62.91M | 58.52M | 45.63M |
| Operating Expenses | 232.38M | 233.76M | 226.31M | 216.02M | 199.55M | 168.48M |
| Operating Income | 151.98M | 136.69M | 121.20M | 116.05M | 118.54M | 94.68M |
| Interest Expense | -104.00K | -1.62M | -2.42M | -4.51M | ||
| Interest & Investment Income | 2.82M | 1.94M | ||||
| EBT Excluding Unusual Items | 154.81M | 138.63M | 121.10M | 114.43M | 116.12M | 90.17M |
| Gain (Loss) on Sale of Assets | 66.00K | -100.00K | -300.00K | -200.00K | 100.00K | |
| Legal Settlements | -8.00M | -9.00M | -28.40M | -6.90M | -7.30M | -4.80M |
| Other Unusual Items | -100.00K | -100.00K | ||||
| Pretax Income | 146.77M | 129.43M | 92.40M | 108.53M | 109.02M | 85.37M |
| Income Tax Expense | 31.71M | 28.04M | 19.63M | 26.08M | 21.54M | 16.88M |
| Net Income | 115.06M | 101.39M | 72.77M | 82.45M | 87.48M | 68.49M |
| Net Income to Common | 115.06M | 101.39M | 72.77M | 82.45M | 87.48M | 68.49M |
| Shares Outstanding (Basic) | 17.87M | 18.28M | 18.61M | 19.24M | 19.00M | 18.62M |
| Shares Outstanding (Diluted) | 18.26M | 18.66M | 18.97M | 19.62M | 19.58M | 19.43M |
| EPS (Basic) | 6.44 | 5.55 | 3.91 | 4.28 | 4.61 | 3.68 |
| EPS (Diluted) | 6.30 | 5.43 | 3.84 | 4.20 | 4.47 | 3.53 |
| Free Cash Flow | 142.61M | 128.43M | 93.28M | 124.04M | 100.29M | 81.17M |
| Free Cash Flow Per Share | 7.81 | 6.88 | 4.92 | 6.32 | 5.12 | 4.18 |
| Dividend Per Share | 1.20 | 1.20 | 1.20 | 0.90 | ||
| Gross Margin | 67.98% | 67.96% | 66.55% | 66.22% | 66.56% | 66.56% |
| Operating Margin | 26.88% | 25.08% | 23.21% | 23.14% | 24.81% | 23.95% |
| Profit Margin | 20.35% | 18.60% | 13.94% | 16.44% | 18.31% | 17.32% |
| Free Cash Flow Margin | 25.22% | 23.56% | 17.86% | 24.73% | 20.99% | 20.53% |
| EBITDA | 197.11M | 190.72M | 172.56M | 163.35M | 161.97M | 133.10M |
| EBITDA Margin | 34.86% | 34.99% | 33.05% | 32.57% | 33.89% | 33.66% |
| D&A For EBITDA | 45.13M | 54.02M | 51.36M | 47.29M | 43.43M | 38.43M |
| EBIT | 151.98M | 136.69M | 121.20M | 116.05M | 118.54M | 94.68M |
| EBIT Margin | 26.88% | 25.08% | 23.21% | 23.14% | 24.81% | 23.95% |
| Effective Tax Rate | 21.60% | 21.66% | 21.25% | 24.03% | 19.76% | 19.78% |
| Revenue as Reported | 565.41M | 545.12M | 522.19M | 501.48M | 477.87M | 395.38M |
| Advertising Expenses | 9.50M | 9.40M | 9.00M | 9.10M | 9.30M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 137.41M | 96.47M | 58.76M | 43.36M | 38.78M | 33.53M |
| Cash & Short-Term Investments | 137.41M | 96.47M | 58.76M | 43.36M | 38.78M | 33.53M |
| Accounts Receivable | 9.09M | 11.07M | 10.26M | 10.12M | 7.25M | 5.45M |
| Other Receivables | 2.86M | 3.01M | 1.52M | 2.88M | 27.30M | 30.38M |
| Receivables | 11.95M | 14.08M | 11.78M | 13.00M | 34.55M | 35.83M |
| Inventory | 7.95M | 9.09M | 9.30M | 7.61M | 7.56M | 7.16M |
| Prepaid Expenses | 8.75M | 9.62M | 10.59M | 10.99M | 8.54M | 7.55M |
| Total Current Assets | 166.06M | 129.25M | 90.42M | 74.97M | 89.43M | 84.06M |
| Property, Plant & Equipment | 543.00M | 556.67M | 575.29M | 580.50M | 578.05M | 580.81M |
| Goodwill | 25.11M | 25.11M | 25.11M | 25.11M | 25.11M | 25.11M |
| Other Intangible Assets | 1.89M | 1.82M | 763.00K | 299.00K | 352.00K | 477.00K |
| Total Assets | 736.06M | 712.85M | 691.58M | 680.87M | 692.94M | 690.46M |
| Accounts Payable | 44.44M | 44.92M | 41.24M | 23.09M | 14.42M | 18.57M |
| Accrued Expenses | 32.64M | 46.55M | 45.10M | 43.01M | 46.04M | 42.97M |
| Current Portion of Long-Term Debt | 6.69M | 20.00M | ||||
| Current Portion of Leases | 961.00K | 1.02M | 921.00K | 897.00K | 639.00K | 745.00K |
| Current Unearned Revenue | 16.66M | 7.50M | 8.10M | 8.80M | ||
| Other Current Liabilities | 47.55M | 50.21M | 51.10M | 47.57M | 49.96M | 58.89M |
| Total Current Liabilities | 142.25M | 150.20M | 146.46M | 123.37M | 117.74M | 141.18M |
| Long-Term Debt | 5.50M | 68.15M | ||||
| Long-Term Leases | 11.64M | 12.28M | 13.14M | 14.02M | 13.23M | 13.50M |
| Long-Term Deferred Tax Liabilities | 11.63M | 11.63M | 13.35M | 23.08M | 23.02M | 19.62M |
| Other Long-Term Liabilities | 1.07M | 1.07M | 881.00K | 1.76M | ||
| Total Liabilities | 166.58M | 175.18M | 173.84M | 167.73M | 153.99M | 242.44M |
| Common Stock | 198.00K | 195.00K | 193.00K | 191.00K | 191.00K | 191.00K |
| Additional Paid-In Capital | 86.65M | 76.04M | 62.89M | 48.82M | 40.72M | 41.43M |
| Retained Earnings | 673.94M | 597.85M | 518.35M | 467.85M | 498.22M | 410.74M |
| Treasury Stock | -191.32M | -136.41M | -63.69M | -3.72M | -170.00K | -4.34M |
| Shareholders' Equity | 569.47M | 537.67M | 517.75M | 513.14M | 538.95M | 448.01M |
| Total Liabilities & Equity | 736.06M | 712.85M | 691.58M | 680.87M | 692.94M | 690.46M |
| Total Debt | 12.60M | 13.30M | 14.06M | 20.42M | 20.56M | 102.39M |
| Net Cash (Debt) | 124.81M | 83.17M | 44.70M | 22.94M | 18.22M | -68.87M |
| Net Cash Per Share | 6.84 | 4.46 | 2.36 | 1.17 | 0.93 | -3.55 |
| Filing Date Shares Outstanding | 17.64M | 17.89M | 18.46M | 18.97M | 19.12M | 18.70M |
| Total Common Shares Outstanding | 17.64M | 17.82M | 18.44M | 19.09M | 19.09M | 18.76M |
| Working Capital | 23.81M | -20.95M | -56.04M | -48.40M | -28.32M | -57.11M |
| Book Value Per Share | 32.29 | 30.17 | 28.08 | 26.88 | 28.23 | 23.88 |
| Tangible Book Value | 542.47M | 510.74M | 491.87M | 487.73M | 513.49M | 422.43M |
| Tangible Book Value Per Share | 30.76 | 28.66 | 26.68 | 25.55 | 26.89 | 22.51 |
| Land | 36.87M | 34.69M | 34.69M | 34.69M | 32.98M | 32.99M |
| Buildings | 618.93M | 616.38M | 596.53M | 575.55M | 551.81M | 530.00M |
| Machinery | 272.38M | 267.92M | 251.60M | 254.49M | 249.04M | 235.23M |
| Construction In Progress | 14.71M | 11.53M | 17.72M | 9.55M | 7.23M | 8.21M |
| Leasehold Improvements | 4.50M | 4.50M | 4.50M | 4.25M | 4.24M | 3.85M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 115.06M | 101.39M | 72.77M | 82.45M | 87.48M | 68.49M |
| Depreciation & Amortization | 45.13M | 54.02M | 51.36M | 47.29M | 43.43M | 38.43M |
| Other Amortization | 128.00K | 162.00K | -418.00K | 307.00K | 990.00K | |
| Loss (Gain) From Sale of Assets | -51.00K | 115.00K | 249.00K | 159.00K | -69.00K | 136.00K |
| Stock-Based Compensation | 9.01M | 8.40M | 7.86M | 7.48M | 5.17M | 4.06M |
| Provision & Write-off of Bad Debts | 241.00K | 184.00K | 234.00K | 194.00K | 155.00K | 245.00K |
| Other Operating Activities | -2.17M | -2.19M | -9.71M | 107.00K | 4.95M | 6.51M |
| Change in Accounts Receivable | -384.00K | -994.00K | 1.50M | -2.62M | -840.00K | -5.39M |
| Change in Inventory | 533.00K | 207.00K | -1.68M | -56.00K | -399.00K | 664.00K |
| Change in Accounts Payable | 3.86M | 3.68M | 18.15M | 8.67M | -4.16M | 6.92M |
| Change in Income Taxes | -2.28M | -857.00K | -517.00K | 23.98M | 1.96M | -2.05M |
| Change in Other Net Operating Assets | -903.00K | 629.00K | 915.00K | 5.08M | 2.08M | 9.10M |
| Operating Cash Flow | 168.18M | 164.75M | 140.71M | 173.05M | 139.77M | 128.10M |
| Capital Expenditures | -25.57M | -36.32M | -47.43M | -49.01M | -39.48M | -46.93M |
| Sale of Property, Plant & Equipment | 229.00K | 41.00K | 110.00K | 170.00K | 440.00K | 22.00K |
| Other Investing Activities | -95.00K | -892.00K | 3.54M | -2.39M | -8.93M | 9.12M |
| Investing Cash Flow | -25.43M | -37.17M | -43.79M | -51.23M | -47.97M | -37.79M |
| Long-Term Debt Issued | 45.50M | 71.50M | 3.00M | |||
| Long-Term Debt Repaid | -51.00M | -73.00M | -86.00M | -92.50M | ||
| Net Debt Issued (Repaid) | -5.50M | -1.50M | -83.00M | -92.50M | ||
| Issuance of Common Stock | 12.14M | 7.06M | 8.22M | 2.57M | 9.84M | 8.13M |
| Repurchase of Common Stock | -103.73M | -75.03M | -61.98M | -5.49M | -13.38M | -730.00K |
| Common Dividends Paid | -21.39M | -21.89M | -22.27M | -17.21M | ||
| Financing Cash Flow | -112.98M | -89.87M | -81.53M | -117.24M | -86.54M | -85.10M |
| Net Cash Flow | 29.77M | 37.71M | 15.40M | 4.58M | 5.25M | 5.22M |
| Free Cash Flow | 142.61M | 128.43M | 93.28M | 124.04M | 100.29M | 81.17M |
| Free Cash Flow Margin | 25.22% | 23.56% | 17.86% | 24.73% | 20.99% | 20.53% |
| Free Cash Flow Per Share | 7.81 | 6.88 | 4.92 | 6.32 | 5.12 | 4.18 |
| Levered Free Cash Flow | 123.48M | 114.21M | 110.07M | 108.69M | 71.41M | 71.52M |
| Unlevered Free Cash Flow | 123.35M | 114.05M | 110.56M | 109.40M | 72.93M | 73.34M |
| Cash Interest Paid | 248.00K | 249.00K | 986.00K | 1.97M | 1.45M | 3.07M |
| Cash Income Tax Paid | 35.62M | 30.51M | 29.76M | 1.87M | 15.62M | 12.41M |
| Change in Working Capital | 824.00K | 2.67M | 18.37M | 35.06M | -1.35M | 9.24M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.04B | 1.75B | 1.45B | 1.32B | 1.46B | 1.39B |
| Enterprise Value | 1.92B | 1.65B | 1.43B | 1.31B | 1.46B | 1.47B |
| Last Close Price | 110.54 | 94.93 | 77.26 | 66.61 | 68.40 | 65.79 |
| PE Ratio | 18.36 | 17.23 | 19.94 | 15.99 | 16.67 | 20.23 |
| Forward PE | 16.40 | 16.99 | 16.35 | 15.24 | 15.63 | 16.72 |
| PS Ratio | 3.45 | 3.20 | 2.78 | 2.63 | 3.05 | 3.50 |
| PB Ratio | 3.42 | 3.25 | 2.80 | 2.57 | 2.71 | 3.09 |
| P/TBV Ratio | 3.59 | 3.42 | 2.95 | 2.70 | 2.84 | 3.28 |
| P/FCF Ratio | 13.67 | 13.60 | 15.55 | 10.63 | 14.54 | 17.07 |
| P/OCF Ratio | 11.59 | 10.60 | 10.31 | 7.62 | 10.43 | 10.82 |
| PEG Ratio | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | |
| EV/Sales Ratio | 3.23 | 3.03 | 2.74 | 2.61 | 3.06 | 3.72 |
| EV/EBITDA Ratio | 9.26 | 8.66 | 8.30 | 8.01 | 9.04 | 11.06 |
| EV/EBIT Ratio | 12.01 | 12.09 | 11.82 | 11.27 | 12.36 | 15.55 |
| EV/FCF Ratio | 12.79 | 12.87 | 15.36 | 10.54 | 14.61 | 18.14 |
| Debt / Equity Ratio | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.23 |
| Debt / EBITDA Ratio | 0.06 | 0.07 | 0.08 | 0.12 | 0.13 | 0.76 |
| Debt / FCF Ratio | 0.09 | 0.10 | 0.15 | 0.17 | 0.20 | 1.26 |
| Net Debt / Equity Ratio | -0.22 | -0.15 | -0.09 | -0.04 | -0.03 | 0.15 |
| Net Debt / EBITDA Ratio | -0.63 | -0.44 | -0.26 | -0.14 | -0.11 | 0.52 |
| Net Debt / FCF Ratio | -0.88 | -0.65 | -0.48 | -0.18 | -0.18 | 0.85 |
| Asset Turnover | 0.77 | 0.78 | 0.76 | 0.73 | 0.69 | 0.58 |
| Inventory Turnover | 22.05 | 19.00 | 20.66 | 22.33 | 21.71 | 17.65 |
| Quick Ratio | 1.05 | 0.74 | 0.48 | 0.46 | 0.62 | 0.49 |
| Current Ratio | 1.17 | 0.86 | 0.62 | 0.61 | 0.76 | 0.59 |
| Return on Equity (ROE) | 20.40% | 19.21% | 14.12% | 15.67% | 17.73% | 16.79% |
| Return on Assets (ROA) | 13.00% | 12.17% | 11.04% | 10.56% | 10.71% | 8.69% |
| Return on Invested Capital (ROIC) | 26.60% | 23.09% | 19.82% | 17.44% | 18.33% | 14.45% |
| Return on Capital Employed (ROCE) | 25.60% | 24.30% | 22.20% | 20.80% | 20.60% | 17.20% |
| Earnings Yield | 5.45% | 5.80% | 5.01% | 6.25% | 6.00% | 4.94% |
| FCF Yield | 7.32% | 7.35% | 6.43% | 9.41% | 6.88% | 5.86% |
| Dividend Yield | 1.04% | 1.22% | 1.52% | 1.30% | ||
| Payout Ratio | 19.03% | 21.59% | 30.60% | 20.87% | ||
| Buyback Yield / Dilution | 2.66% | 1.64% | 3.30% | -0.20% | -0.78% | -2.91% |
| Total Shareholder Return | 3.74% | 2.86% | 4.82% | 1.10% | -0.78% | -2.91% |