Monarch Casino & Resort (MCRI) Financials

$116.81 0.00 (0.00%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$116.76 -0.05 (-0.04%)

As of 05/22/2026 05:36 PM Eastern

Annual Income Statements for Monarch Casino & Resort

This table shows Monarch Casino & Resort's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	21	25	307	317	32	24	68	87	82	73	101
Consolidated Net Income / (Loss)	21	25	26	34	32	24	68	87	82	73	101
Net Income / (Loss) Continuing Operations	21	25	307	317	32	24	68	87	82	73	101
Total Pre-Tax Income	32	38	40	43	40	15	85	109	109	92	129
Total Operating Income	33	39	320	283	40	15	90	111	110	93	127
Total Gross Profit	107	112	398	364	127	100	218	260	269	281	300
Total Revenue	202	217	510	481	249	184	395	478	501	522	545
Operating Revenue	247	217	559	481	249	184	395	478	501	522	545
Total Cost of Revenue	95	105	112	117	122	85	178	218	232	241	245
Operating Cost of Revenue	95	105	112	117	122	85	178	218	232	241	245
Total Operating Expenses	75	73	78	80	87	84	128	148	159	188	173
Selling, General & Admin Expense	55	58	63	66	72	67	89	105	112	137	119
Depreciation Expense	16	15	15	15	15	17	38	43	47	51	54
Total Other Income / (Expense), net	-0.68	-0.62	0.97	43	0.00	-0.27	-4.51	-2.42	-1.63	-0.10	1.94
Other Income / (Expense), net	-	-	0.97	-0.18	0.00	-0.27	-4.51	-2.42	-1.63	-0.10	1.94
Income Tax Expense	11	13	14	8.55	7.76	-8.68	17	22	26	20	28
Basic Earnings per Share	$1.22	$1.42	$1.45	$1.91	$1.77	$1.30	$3.68	$4.60	$4.28	$3.91	$5.55
Weighted Average Basic Shares Outstanding	16.95M	17.31M	17.59M	17.85M	18.03M	18.22M	18.62M	19.00M	19.24M	18.61M	18.28M
Diluted Earnings per Share	$1.19	$1.39	$1.39	$1.83	$1.70	$1.25	$3.53	$4.47	$4.20	$3.84	$5.43
Weighted Average Diluted Shares Outstanding	17.34M	17.66M	18.37M	18.57M	18.68M	18.88M	19.43M	19.58M	19.62M	18.97M	18.66M
Weighted Average Basic & Diluted Shares Outstanding	413.20M	-2.46B	319.20M	17.95M	18.14M	18.44M	18.70M	19.12M	18.97M	18.46M	17.89M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	$5.90	$1.20	$1.20

This table shows Monarch Casino & Resort's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	24	18	18	23	28	1.21	20	27	32	23	28
Consolidated Net Income / (Loss)	24	18	18	23	28	4.21	20	27	32	23	28
Net Income / (Loss) Continuing Operations	24	18	18	23	28	1.21	20	27	32	23	28
Total Pre-Tax Income	32	25	24	29	35	4.15	26	35	39	30	36
Total Operating Income	32	25	24	30	35	0.90	25	35	38	29	35
Total Gross Profit	74	69	64	68	76	73	66	76	80	77	75
Total Revenue	133	128	122	128	138	135	125	137	143	140	137
Operating Revenue	133	128	122	128	138	135	125	137	143	140	137
Total Cost of Revenue	59	59	58	60	62	62	59	61	63	63	62
Operating Cost of Revenue	59	59	58	60	62	62	59	61	63	63	62
Total Operating Expenses	42	44	40	39	41	72	41	41	42	48	40
Selling, General & Admin Expense	30	31	28	26	27	56	28	28	28	35	29
Depreciation Expense	12	12	12	12	13	13	13	14	14	13	10
Total Other Income / (Expense), net	-0.37	0.11	0.01	-0.21	-0.15	0.25	0.32	0.39	0.58	0.65	0.60
Other Income / (Expense), net	-0.37	0.11	0.01	-0.21	-0.15	0.25	0.32	0.39	0.58	0.65	0.60
Income Tax Expense	7.37	7.29	5.54	6.62	7.53	-0.06	5.77	8.28	7.17	6.82	7.95
Basic Earnings per Share	$1.26	$0.94	$0.95	$1.21	$1.50	$0.25	$1.08	$1.47	$1.73	$1.27	$1.55
Weighted Average Basic Shares Outstanding	19.25M	19.24M	19.28M	18.73M	18.40M	18.61M	18.45M	18.38M	18.30M	18.28M	17.84M
Diluted Earnings per Share	$1.23	$0.93	$0.93	$1.19	$1.47	$0.25	$1.05	$1.44	$1.69	$1.25	$1.52
Weighted Average Diluted Shares Outstanding	19.61M	19.62M	19.66M	19.09M	18.75M	18.97M	18.83M	18.72M	18.74M	18.66M	18.20M
Weighted Average Basic & Diluted Shares Outstanding	19.07M	18.97M	18.74M	18.45M	18.39M	18.46M	18.47M	18.27M	18.25M	17.89M	17.75M

This table details how cash moves in and out of Monarch Casino & Resort's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-0.42	5.22	2.77	1.31	30	-32	5.22	5.25	4.58	15	38
Net Cash From Operating Activities	38	44	49	59	63	31	128	140	173	141	165
Net Cash From Continuing Operating Activities	38	44	49	59	63	31	128	140	173	141	165
Net Income / (Loss) Continuing Operations	21	25	26	34	32	24	68	87	82	73	101
Consolidated Net Income / (Loss)	21	25	26	34	32	24	68	87	82	73	101
Depreciation Expense	16	15	15	15	15	17	38	43	47	51	54
Amortization Expense	0.34	0.41	0.54	0.54	0.54	0.76	0.99	1.54	0.31	-0.42	0.16
Non-Cash Adjustments To Reconcile Net Income	0.91	1.70	7.20	5.57	8.41	4.17	4.44	5.27	7.87	8.37	8.23
Changes in Operating Assets and Liabilities, net	0.40	2.21	1.05	3.93	7.61	-14	16	2.05	35	8.63	0.94
Net Cash From Investing Activities	-38	-25	-47	-126	-135	-46	-38	-48	-51	-44	-37
Net Cash From Continuing Investing Activities	-38	-25	-47	-126	-135	-46	-38	-48	-51	-44	-37
Purchase of Property, Plant & Equipment	-38	-26	-50	-137	-125	-89	-47	-39	-49	-47	-36
Sale of Property, Plant & Equipment	0.03	0.03	0.09	0.00	0.07	0.03	0.02	0.44	0.17	0.11	0.04
Other Investing Activities, net	-0.38	1.20	3.22	11	-9.62	42	9.12	-8.93	-2.39	3.54	-0.89
Net Cash From Financing Activities	-0.64	-14	0.00	68	102	-17	-85	-87	-117	-82	-90
Net Cash From Continuing Financing Activities	-0.64	-14	0.00	68	102	-17	-84	-87	-117	-82	-90
Repayment of Debt	-5.40	-17	-	0.00	-3.75	-27	-93	-86	-73	-51	0.00
Repurchase of Common Equity	-	-	-	-	-	0.00	0.00	-6.50	-5.03	-60	-73
Payment of Dividends	-	-	-	-	-	-	0.00	0.00	-113	-22	-22
Issuance of Debt	-	-	-	68	106	11	0.00	3.00	72	46	0.00
Other Financing Activities, net	4.77	3.67	-	0.00	0.00	-0.67	8.13	2.96	2.11	6.21	4.75
Cash Interest Paid	0.37	0.21	0.43	0.19	0.00	0.38	3.07	1.45	1.97	0.99	0.25

This table details how cash moves in and out of Monarch Casino & Resort's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-1.18	9.44	-3.88	-5.98	5.87	19	16	-3.50	36	-11	24
Net Cash From Operating Activities	46	39	38	24	40	38	36	34	56	38	49
Net Cash From Continuing Operating Activities	46	39	38	24	40	38	36	34	56	38	49
Net Income / (Loss) Continuing Operations	24	18	18	23	28	4.21	20	27	32	23	28
Consolidated Net Income / (Loss)	24	18	18	23	28	4.21	20	27	32	23	28
Depreciation Expense	12	12	12	12	13	13	13	14	14	13	10
Amortization Expense	-	-	0.00	-	-	-0.42	0.06	0.03	0.03	0.03	0.03
Non-Cash Adjustments To Reconcile Net Income	2.30	2.71	1.79	1.97	2.35	2.26	2.13	1.91	2.08	2.11	1.92
Changes in Operating Assets and Liabilities, net	7.84	5.58	5.73	-13	-2.74	18	1.19	-8.39	8.27	-0.13	8.50
Net Cash From Investing Activities	-9.00	-17	-18	-13	-3.72	-9.41	-16	-12	-5.45	-3.34	-7.49
Net Cash From Continuing Investing Activities	-9.00	-17	-18	-13	-3.72	-9.41	-16	-12	-5.45	-3.34	-7.49
Purchase of Property, Plant & Equipment	-8.96	-17	-18	-13	-4.90	-12	-20	-8.10	-2.48	-5.93	-5.55
Sale of Property, Plant & Equipment	0.01	0.07	0.05	-	0.02	0.04	0.00	0.02	-	0.02	0.09
Other Investing Activities, net	-0.05	0.16	-0.31	0.57	1.16	2.12	3.79	-4.27	-2.97	2.57	-2.03
Net Cash From Financing Activities	-39	-13	-24	-18	-31	-9.02	-4.10	-25	-15	-46	-17
Net Cash From Continuing Financing Activities	-39	-13	-24	-18	-31	-9.02	-4.10	-25	-15	-46	-17
Repurchase of Common Equity	-	-5.03	-20	-	-9.68	0.06	0.00	-20	-11	-41	-18
Payment of Dividends	-5.74	-5.73	-5.68	-5.55	-5.51	-5.52	-5.54	-5.50	-5.50	-5.36	-5.36
Other Financing Activities, net	0.07	0.67	0.97	1.33	0.46	3.44	1.43	0.24	2.28	0.80	5.73
Cash Interest Paid	0.47	0.16	0.08	0.21	0.30	0.40	0.06	0.06	0.06	0.06	0.06

This table presents Monarch Casino & Resort's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	275	295	332	455	611	672	690	693	681	692	713
Total Current Assets	32	39	46	47	79	73	84	89	75	90	129
Cash & Equivalents	21	26	29	30	61	28	34	39	43	59	96
Accounts Receivable	3.73	5.04	6.93	6.74	5.46	3.74	8.88	9.57	12	10	11
Inventories, net	2.88	3.10	3.34	3.69	6.74	7.82	7.16	7.56	7.61	9.30	9.09
Prepaid Expenses	3.40	4.49	4.61	5.51	6.24	8.39	7.55	8.54	11	11	9.62
Current Deferred & Refundable Income Taxes	0.61	0.41	2.01	0.28	0.19	25	27	25	1.01	1.52	3.01
Plant, Property, & Equipment, net	203	215	251	374	501	573	581	578	580	575	557
Total Noncurrent Assets	40	41	35	34	30	26	26	25	25	26	27
Goodwill	25	25	25	25	25	25	25	25	25	25	25
Other Noncurrent Operating Assets	1.18	3.36	2.82	2.28	0.91	-	-	-	0.00	-	1.82
Total Liabilities & Shareholders' Equity	275	295	332	455	611	672	690	693	681	692	713
Total Liabilities	71	61	66	154	270	304	242	154	168	174	175
Total Current Liabilities	71	35	39	59	79	109	141	118	123	146	150
Accounts Payable	6.75	8.72	8.18	11	17	12	19	14	23	41	45
Accrued Expenses	22	24	25	31	34	35	43	46	52	53	54
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	0.00
Other Current Liabilities	1.41	2.61	5.82	17	8.32	51	60	51	48	52	51
Total Noncurrent Liabilities	0.00	26	26	95	190	194	33	36	44	27	25
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	-	0.00	13	20	23	23	13	12
Other Noncurrent Operating Liabilities	-	-	-	-	15	14	13	13	16	14	13
Total Equity & Noncontrolling Interests	204	234	266	301	341	368	448	539	513	518	538
Total Preferred & Common Equity	204	234	266	301	341	368	448	539	513	518	538
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	204	234	266	301	341	368	448	539	513	518	538
Common Stock	23	24	27	30	35	35	42	41	49	63	76
Retained Earnings	207	232	258	287	319	342	411	498	468	518	598
Treasury Stock	-26	-22	-18	-16	-13	-8.87	-4.34	-0.17	-3.72	-64	-136

This table presents Monarch Casino & Resort's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	689	664	665	664	677	672	671	712	706	725	725
Total Current Assets	82	57	62	63	66	61	68	103	103	134	147
Cash & Equivalents	33	34	35	34	39	34	39	75	72	108	120
Accounts Receivable	9.92	8.00	8.06	11	10	9.86	12	12	12	8.95	9.70
Inventories, net	6.53	6.93	7.17	7.18	7.37	8.10	7.66	8.26	8.37	8.48	8.34
Prepaid Expenses	7.75	7.65	7.01	7.93	9.35	7.91	9.35	7.93	7.63	8.95	8.71
Current Deferred & Refundable Income Taxes	25	0.00	4.60	2.69	0.00	1.58	0.05	0.00	2.92	0.00	0.00
Plant, Property, & Equipment, net	581	581	578	576	585	586	578	582	576	564	552
Total Noncurrent Assets	25	25	25	25	25	25	25	27	27	27	27
Goodwill	25	25	25	25	25	25	25	25	25	25	25
Other Noncurrent Operating Assets	-	-	-	-	-	-	-	0.35	0.32	0.29	1.67
Total Liabilities & Shareholders' Equity	689	664	665	664	677	672	671	712	706	725	725
Total Liabilities	173	200	183	162	168	174	158	176	167	167	175
Total Current Liabilities	141	113	106	117	130	136	120	149	140	140	151
Accounts Payable	17	15	15	20	21	17	13	39	39	41	45
Accrued Expenses	48	44	43	49	51	47	50	50	49	51	51
Current Deferred & Payable Income Tax Liabilities	-	3.65	-	-	4.54	-	-	4.25	-	0.05	4.94
Other Current Liabilities	50	50	48	48	48	49	50	56	52	49	49
Total Noncurrent Liabilities	33	87	77	45	38	38	38	27	27	27	25
Noncurrent Deferred & Payable Income Tax Liabilities	20	23	23	23	23	23	23	13	13	13	12
Other Noncurrent Operating Liabilities	13	13	13	14	15	15	15	14	14	13	13
Total Equity & Noncontrolling Interests	515	463	482	502	509	498	513	536	539	558	550
Total Preferred & Common Equity	515	463	482	502	509	498	513	536	539	558	550
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	515	463	482	502	509	498	513	536	539	558	550
Common Stock	47	43	45	47	52	55	57	67	69	73	84
Retained Earnings	476	420	437	455	480	498	520	533	554	580	620
Treasury Stock	-7.86	-0.06	0.00	0.00	-23	-54	-64	-64	-84	-95	-154

This table displays calculated financial ratios and metrics derived from Monarch Casino & Resort's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.71%	7.31%	134.98%	-5.75%	-48.16%	-25.99%	114.40%	20.86%	4.94%	4.13%	4.39%
EBITDA Growth	21.01%	10.17%	525.65%	-11.42%	-81.55%	-39.83%	277.17%	23.41%	1.38%	-8.19%	28.10%
EBIT Growth	46.52%	18.41%	732.43%	-11.82%	-86.01%	-62.10%	469.22%	27.70%	-0.45%	-14.86%	40.08%
NOPAT Growth	41.35%	18.36%	724.09%	10.00%	-85.95%	-24.22%	199.07%	24.02%	-6.42%	-12.94%	37.09%
Net Income Growth	45.64%	18.95%	3.92%	33.52%	-6.69%	-25.58%	189.25%	27.73%	-5.75%	-11.74%	39.33%
EPS Growth	43.37%	16.81%	0.00%	31.65%	-7.10%	-26.47%	182.40%	26.63%	-6.04%	-8.57%	41.41%
Operating Cash Flow Growth	22.39%	14.35%	13.09%	18.81%	7.64%	-50.28%	307.40%	9.11%	23.81%	-18.69%	17.08%
Free Cash Flow Firm Growth	-107.65%	1,785.49%	1,075.59%	-29.14%	-163.40%	75.67%	562.13%	-4.15%	35.31%	-22.67%	31.99%
Invested Capital Growth	10.90%	4.47%	12.78%	38.59%	30.35%	9.10%	-3.23%	0.84%	-6.23%	-3.43%	-3.88%
Revenue Q/Q Growth	2.86%	1.93%	121.47%	-6.83%	-54.69%	47.11%	15.38%	2.02%	1.55%	1.23%	1.02%
EBITDA Q/Q Growth	5.90%	4.18%	476.72%	-11.41%	-84.69%	214.21%	24.49%	2.64%	-1.19%	-14.11%	16.40%
EBIT Q/Q Growth	11.03%	6.07%	651.12%	-11.89%	-88.50%	133.33%	30.88%	2.63%	-2.15%	-20.85%	24.67%
NOPAT Q/Q Growth	5.99%	6.28%	628.26%	-17.60%	-87.54%	208.04%	6.27%	2.47%	-5.11%	-18.36%	22.63%
Net Income Q/Q Growth	6.78%	5.80%	-7.51%	9.16%	-3.23%	62.02%	7.22%	3.02%	-4.88%	-16.13%	22.66%
EPS Q/Q Growth	6.25%	5.30%	-8.55%	9.58%	-3.95%	64.47%	6.65%	2.76%	-4.98%	-15.04%	22.57%
Operating Cash Flow Q/Q Growth	3.65%	12.17%	0.32%	-1.58%	2.45%	-9.02%	18.14%	1.27%	3.01%	-0.59%	0.20%
Free Cash Flow Firm Q/Q Growth	-120.06%	642.14%	4,041.45%	-39.79%	-164.18%	71.60%	17.62%	12.17%	-4.05%	5.05%	5.43%
Invested Capital Q/Q Growth	4.48%	-0.80%	1.53%	11.61%	3.62%	2.88%	1.10%	-0.31%	-0.26%	-4.56%	-2.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	53.02%	51.51%	78.00%	75.64%	50.92%	54.06%	55.05%	54.32%	53.68%	53.78%	55.04%
EBITDA Margin	24.14%	24.79%	65.99%	62.03%	22.07%	17.94%	31.56%	32.23%	31.13%	27.45%	33.68%
Operating Margin	16.10%	17.76%	62.73%	58.91%	15.88%	8.28%	22.73%	23.32%	21.97%	17.71%	23.39%
EBIT Margin	16.10%	17.76%	62.92%	58.87%	15.88%	8.13%	21.59%	22.81%	21.64%	17.69%	23.74%
Profit (Net Income) Margin	10.21%	11.32%	5.01%	7.09%	12.77%	12.84%	17.32%	18.31%	16.44%	13.94%	18.60%
Tax Burden Percent	64.81%	64.78%	64.33%	79.95%	80.39%	157.87%	80.22%	80.24%	75.97%	78.76%	78.34%
Interest Burden Percent	97.91%	98.40%	12.37%	15.07%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	35.19%	35.22%	35.67%	20.05%	19.61%	-57.87%	19.78%	19.76%	24.03%	21.24%	21.66%
Return on Invested Capital (ROIC)	9.92%	10.92%	82.79%	72.01%	7.56%	4.84%	14.11%	17.72%	17.04%	15.60%	22.19%
ROIC Less NNEP Spread (ROIC-NNEP)	7.94%	6.84%	11,586.44%	-557.54%	7.56%	4.54%	10.60%	0.49%	20.57%	15.76%	20.23%
Return on Net Nonoperating Assets (RNNOA)	0.93%	0.31%	-72.58%	-59.99%	2.34%	1.83%	2.68%	0.01%	-1.37%	-1.48%	-2.98%
Return on Equity (ROE)	10.85%	11.23%	10.21%	12.01%	9.91%	6.68%	16.78%	17.73%	15.67%	14.12%	19.21%
Cash Return on Invested Capital (CROIC)	-0.42%	6.55%	70.77%	39.66%	-18.79%	-3.86%	17.39%	16.88%	23.47%	19.08%	26.14%
Operating Return on Assets (OROA)	12.35%	13.53%	102.31%	71.89%	7.43%	2.34%	12.53%	15.76%	15.80%	13.46%	18.43%
Return on Assets (ROA)	7.84%	8.62%	8.14%	8.66%	5.97%	3.69%	10.05%	12.65%	12.00%	10.60%	14.44%
Return on Common Equity (ROCE)	10.85%	11.23%	10.21%	12.01%	9.91%	6.68%	16.78%	17.73%	15.67%	14.12%	19.21%
Return on Equity Simple (ROE_SIMPLE)	10.13%	10.51%	9.58%	11.32%	9.32%	6.43%	15.29%	16.23%	16.07%	14.05%	0.00%
Net Operating Profit after Tax (NOPAT)	21	25	206	226	32	24	72	89	84	73	100
NOPAT Margin	10.43%	11.51%	40.35%	47.10%	12.77%	13.07%	18.24%	18.71%	16.69%	13.95%	18.32%
Net Nonoperating Expense Percent (NNEP)	1.98%	4.08%	-11,503.66%	629.55%	0.00%	0.30%	3.51%	17.23%	-3.53%	-0.17%	1.96%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	16.39%	16.14%	14.07%	18.58%
Cost of Revenue to Revenue	46.98%	48.49%	22.00%	24.36%	49.08%	45.94%	44.95%	45.68%	46.32%	46.22%	44.96%
SG&A Expenses to Revenue	27.09%	26.60%	12.30%	13.69%	29.07%	36.39%	22.60%	21.91%	22.28%	26.23%	21.74%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	36.93%	33.75%	15.27%	16.73%	35.04%	45.78%	32.32%	31.00%	31.71%	36.06%	31.65%
Earnings before Interest and Taxes (EBIT)	33	39	321	283	40	15	85	109	109	92	129
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	49	54	337	298	55	33	125	154	156	143	184
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.73	1.75	2.73	2.07	2.36	2.78	2.83	2.45	2.52	2.79	3.25
Price to Tangible Book Value (P/TBV)	2.05	2.01	3.06	2.29	2.55	2.99	3.00	2.57	2.65	2.94	3.42
Price to Revenue (P/Rev)	1.75	1.89	1.42	1.30	3.23	5.55	3.21	2.76	2.58	2.77	3.20
Price to Earnings (P/E)	17.10	16.68	2.37	1.97	25.26	43.23	18.52	15.09	15.68	19.87	17.23
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.70%	1.53%	1.25%
Earnings Yield	5.85%	6.00%	42.24%	50.78%	3.96%	2.31%	5.40%	6.63%	6.38%	5.03%	5.81%
Enterprise Value to Invested Capital (EV/IC)	1.67	1.75	2.74	1.89	1.97	2.26	2.50	2.54	2.64	3.02	3.74
Enterprise Value to Revenue (EV/Rev)	1.84	1.89	1.42	1.43	3.77	6.37	3.17	2.70	2.50	2.66	3.03
Enterprise Value to EBITDA (EV/EBITDA)	7.64	7.62	2.15	2.31	17.07	35.51	10.06	8.36	8.04	9.68	8.99
Enterprise Value to EBIT (EV/EBIT)	11.45	10.63	2.25	2.43	23.71	78.33	14.70	11.81	11.56	15.01	12.75
Enterprise Value to NOPAT (EV/NOPAT)	17.67	16.41	3.51	3.04	29.50	48.73	17.40	14.40	15.00	19.04	16.52
Enterprise Value to Operating Cash Flow (EV/OCF)	9.75	9.37	14.63	11.72	14.84	37.36	9.80	9.22	7.25	9.86	10.02
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	27.37	4.11	5.52	0.00	0.00	14.12	15.12	10.89	15.56	14.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.11	0.10	0.31	0.57	0.49	0.04	0.01	0.01	0.00	0.00
Long-Term Debt to Equity	0.00	0.11	0.10	0.31	0.51	0.45	0.00	0.00	0.01	0.00	0.00
Financial Leverage	0.12	0.04	-0.01	0.11	0.31	0.40	0.25	0.02	-0.07	-0.09	-0.15
Leverage Ratio	1.38	1.30	1.25	1.39	1.66	1.81	1.67	1.40	1.31	1.33	1.33
Compound Leverage Factor	1.36	1.28	0.16	0.21	1.66	1.81	1.67	1.40	1.31	1.33	1.33
Debt to Total Capital	16.71%	10.08%	8.95%	23.88%	36.42%	32.80%	4.27%	1.23%	1.06%	0.00%	0.00%
Short-Term Debt to Total Capital	16.71%	0.00%	0.00%	0.00%	3.73%	2.28%	4.27%	1.23%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	10.08%	8.95%	23.88%	32.69%	30.52%	0.00%	0.00%	1.06%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.29%	89.92%	91.05%	76.12%	63.58%	67.20%	95.73%	98.77%	98.94%	100.00%	100.00%
Debt to EBITDA	0.84	0.49	0.08	0.32	3.55	5.43	0.16	0.04	0.04	0.00	0.00
Net Debt to EBITDA	0.40	0.00	-0.01	0.21	2.45	4.57	-0.11	-0.21	-0.24	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.49	0.08	0.32	3.19	5.05	0.00	0.00	0.04	0.00	0.00
Debt to NOPAT	1.94	1.05	0.13	0.42	6.14	7.45	0.28	0.07	0.07	0.00	0.00
Net Debt to NOPAT	0.94	-0.01	-0.01	0.28	4.24	6.28	-0.19	-0.36	-0.45	0.00	0.00
Long-Term Debt to NOPAT	0.00	1.05	0.13	0.42	5.51	6.93	0.00	0.00	0.07	0.00	0.00
Altman Z-Score	5.00	6.29	12.47	6.39	3.14	3.02	4.85	7.31	6.76	7.14	8.48
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.45	1.12	1.17	0.79	1.00	0.67	0.60	0.76	0.61	0.62	0.86
Quick Ratio	0.35	0.89	0.92	0.63	0.83	0.29	0.30	0.41	0.45	0.47	0.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.89	15	176	125	-79	-19	89	85	115	89	118
Operating Cash Flow to CapEx	101.59%	167.59%	99.10%	42.86%	50.48%	35.48%	273.11%	358.04%	354.35%	297.35%	454.07%
Free Cash Flow to Firm to Interest Expense	-1.31	24.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	56.32	70.99	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.88	28.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.77	0.76	1.63	1.22	0.47	0.29	0.58	0.69	0.73	0.76	0.78
Accounts Receivable Turnover	59.69	49.52	85.27	70.34	40.85	40.12	62.67	51.81	46.53	46.94	51.13
Inventory Turnover	33.18	35.21	34.89	33.32	23.46	11.64	23.72	29.66	30.62	28.55	26.66
Fixed Asset Turnover	1.05	1.04	2.19	1.54	0.57	0.34	0.69	0.82	0.87	0.90	0.96
Accounts Payable Turnover	12.94	13.61	13.28	12.09	8.67	5.90	11.76	13.23	12.39	7.50	5.69
Days Sales Outstanding (DSO)	6.11	7.37	4.28	5.19	8.93	9.10	5.82	7.05	7.84	7.78	7.14
Days Inventory Outstanding (DIO)	11.00	10.37	10.46	10.96	15.56	31.36	15.39	12.30	11.92	12.79	13.69
Days Payable Outstanding (DPO)	28.20	26.82	27.49	30.19	42.11	61.81	31.04	27.59	29.47	48.64	64.17
Cash Conversion Cycle (CCC)	-11.08	-9.08	-12.75	-14.05	-17.62	-21.35	-9.83	-8.24	-9.70	-28.08	-43.34
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	224	234	264	365	476	519	503	507	475	459	441
Invested Capital Turnover	0.95	0.95	2.05	1.53	0.59	0.37	0.77	0.95	1.02	1.12	1.21
Increase / (Decrease) in Invested Capital	22	10	30	102	111	43	-17	4.23	-32	-16	-18
Enterprise Value (EV)	373	410	723	689	938	1,175	1,255	1,288	1,255	1,387	1,650
Market Capitalization	353	410	726	625	804	1,023	1,268	1,320	1,293	1,446	1,747
Book Value per Share	$12.01	$13.46	$15.05	$16.83	$18.87	$20.15	$23.91	$28.42	$26.91	$28.16	$29.46
Tangible Book Value per Share	$10.16	$11.73	$13.42	$15.28	$17.40	$18.73	$22.55	$27.08	$25.58	$26.77	$27.99
Total Capital	245	260	293	396	537	548	468	546	519	518	538
Total Debt	41	26	26	95	195	180	20	6.69	5.50	0.00	0.00
Total Long-Term Debt	0.00	26	26	95	175	167	0.00	0.00	5.50	0.00	0.00
Net Debt	20	-0.18	-2.95	64	135	151	-14	-32	-38	-59	-96
Capital Expenditures (CapEx)	38	26	50	137	125	89	47	39	49	47	36
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-19	-22	-23	-43	-41	-52	-71	-60	-92	-115	-117
Debt-free Net Working Capital (DFNWC)	1.76	4.29	6.62	-13	20	-24	-37	-22	-48	-56	-21
Net Working Capital (NWC)	-39	4.29	6.62	-13	-0.31	-36	-57	-28	-48	-56	-21
Net Nonoperating Expense (NNE)	0.44	0.40	180	192	-0.00	0.43	3.61	1.94	1.23	0.08	-1.52
Net Nonoperating Obligations (NNO)	20	-0.18	-2.95	64	135	151	55	-32	-38	-59	-96
Total Depreciation and Amortization (D&A)	16	15	16	15	15	18	39	45	48	51	54
Debt-free, Cash-free Net Working Capital to Revenue	-9.59%	-10.18%	-4.42%	-8.99%	-16.39%	-28.25%	-17.87%	-12.64%	-18.30%	-21.98%	-21.54%
Debt-free Net Working Capital to Revenue	0.87%	1.98%	1.30%	-2.66%	7.90%	-12.90%	-9.39%	-4.52%	-9.65%	-10.73%	-3.84%
Net Working Capital to Revenue	-19.35%	1.98%	1.30%	-2.66%	-0.12%	-19.68%	-14.45%	-5.93%	-9.65%	-10.73%	-3.84%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.22	$1.42	$1.45	$1.91	$1.77	$1.30	$3.68	$4.60	$4.28	$3.91	$5.55
Adjusted Weighted Average Basic Shares Outstanding	16.95M	17.31M	17.59M	17.85M	18.03M	18.22M	18.62M	19.00M	19.24M	18.61M	18.28M
Adjusted Diluted Earnings per Share	$1.19	$1.39	$1.39	$1.83	$1.70	$1.25	$3.53	$4.47	$4.20	$3.84	$5.43
Adjusted Weighted Average Diluted Shares Outstanding	17.34M	17.66M	18.37M	18.57M	18.68M	18.88M	19.43M	19.58M	19.62M	18.97M	18.66M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	16.83M	17.48M	17.78M	17.95M	18.14M	18.44M	18.70M	19.12M	18.97M	18.46M	17.89M
Normalized Net Operating Profit after Tax (NOPAT)	21	25	206	226	32	11	72	89	84	73	100
Normalized NOPAT Margin	10.44%	11.71%	40.35%	47.10%	12.77%	5.80%	18.24%	18.71%	16.69%	13.95%	18.32%
Pre Tax Income Margin	15.76%	17.48%	7.78%	8.87%	15.88%	8.13%	21.59%	22.81%	21.64%	17.69%	23.74%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	47.95	62.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	31.07	40.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-7.49	20.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-24.36	-1.82	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	136.84%	30.60%	21.59%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.43%	142.93%	113.01%	93.32%

This table displays calculated financial ratios and metrics derived from Monarch Casino & Resort's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	17,886,120.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	17,886,120.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1.54
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.57%	6.35%	4.30%	3.61%	3.69%	4.94%	3.07%	6.84%	3.58%	4.08%	8.90%
EBITDA Growth	-7.09%	-4.77%	6.10%	2.86%	17.16%	-62.55%	7.19%	17.24%	9.54%	151.37%	18.32%
EBIT Growth	-11.14%	-8.55%	5.52%	1.29%	20.93%	-95.50%	7.63%	20.44%	10.29%	617.43%	38.66%
NOPAT Growth	-13.21%	-19.79%	0.77%	-0.75%	23.01%	-94.94%	7.39%	16.91%	12.24%	466.33%	38.27%
Net Income Growth	-12.11%	-18.86%	3.42%	1.20%	14.23%	-76.87%	8.69%	19.07%	14.40%	444.86%	38.90%
EPS Growth	-12.77%	-19.13%	3.33%	4.39%	19.51%	-73.12%	12.90%	21.01%	14.97%	400.00%	44.76%
Operating Cash Flow Growth	2.02%	15.05%	-37.78%	-7.87%	-13.29%	-2.16%	-4.77%	40.41%	38.95%	0.89%	33.05%
Free Cash Flow Firm Growth	234.63%	170.67%	-52.13%	-58.65%	-54.42%	-65.39%	45.83%	106.67%	162.47%	98.61%	70.42%
Invested Capital Growth	-6.28%	-6.23%	-1.05%	0.03%	0.92%	-3.43%	-3.03%	-4.14%	-6.27%	-3.88%	-6.69%
Revenue Q/Q Growth	7.50%	-3.59%	-5.09%	5.33%	7.59%	-2.44%	-6.78%	9.19%	4.31%	-1.97%	-2.47%
EBITDA Q/Q Growth	7.85%	-13.94%	14.58%	14.88%	22.85%	-72.49%	176.08%	25.65%	8.06%	-18.67%	7.15%
EBIT Q/Q Growth	9.01%	-19.15%	21.88%	23.03%	30.13%	-96.99%	2,132.93%	37.67%	9.80%	-23.20%	19.44%
NOPAT Q/Q Growth	6.21%	-25.87%	31.69%	25.05%	31.63%	-96.95%	2,040.16%	36.13%	16.47%	-27.86%	20.89%
Net Income Q/Q Growth	7.81%	-24.67%	0.40%	24.11%	21.69%	-84.74%	371.72%	35.96%	16.91%	-27.34%	20.26%
EPS Q/Q Growth	7.89%	-24.39%	0.00%	27.96%	23.53%	-82.99%	320.00%	37.14%	17.36%	-26.04%	21.60%
Operating Cash Flow Q/Q Growth	76.24%	-16.90%	-0.91%	-36.52%	65.87%	-6.24%	-3.54%	-6.40%	64.15%	-31.93%	27.20%
Free Cash Flow Firm Q/Q Growth	2.71%	-11.83%	-48.71%	-2.65%	13.23%	-33.05%	97.60%	37.96%	30.61%	-34.35%	44.06%
Invested Capital Q/Q Growth	-2.29%	-0.26%	-0.07%	2.72%	-1.43%	-4.56%	0.34%	1.54%	-3.62%	-2.12%	-2.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	55.78%	53.89%	52.48%	53.34%	54.97%	54.15%	52.79%	55.66%	56.21%	55.27%	54.74%
EBITDA Margin	32.89%	29.36%	29.84%	32.55%	37.16%	10.48%	31.03%	35.71%	37.00%	30.69%	33.72%
Operating Margin	23.99%	19.80%	19.57%	23.03%	27.76%	0.67%	20.19%	25.49%	26.73%	20.79%	25.59%
EBIT Margin	23.72%	19.89%	19.58%	22.87%	27.66%	0.85%	20.44%	25.78%	27.13%	21.26%	26.03%
Profit (Net Income) Margin	18.17%	14.20%	15.02%	17.70%	20.02%	3.13%	15.84%	19.73%	22.11%	16.39%	20.21%
Tax Burden Percent	76.63%	71.40%	76.73%	77.41%	78.56%	101.52%	77.49%	76.53%	81.49%	77.10%	77.63%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	92.13%	361.32%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	23.37%	28.60%	23.27%	22.59%	21.44%	-1.52%	22.51%	23.47%	18.51%	22.90%	22.37%
Return on Invested Capital (ROIC)	18.43%	14.44%	15.93%	18.67%	23.50%	0.76%	17.59%	21.83%	25.23%	19.41%	24.83%
ROIC Less NNEP Spread (ROIC-NNEP)	20.16%	14.21%	15.87%	25.76%	31.98%	-6.06%	17.14%	21.10%	24.56%	18.76%	24.35%
Return on Net Nonoperating Assets (RNNOA)	-0.65%	-0.94%	-0.28%	-0.12%	-1.84%	0.57%	-1.79%	-1.67%	-3.21%	-2.76%	-4.38%
Return on Equity (ROE)	17.78%	13.49%	15.65%	18.55%	21.67%	1.33%	15.80%	20.16%	22.02%	16.65%	20.45%
Cash Return on Invested Capital (CROIC)	24.39%	23.47%	18.62%	17.12%	17.73%	19.08%	18.94%	20.57%	23.96%	26.14%	31.05%
Operating Return on Assets (OROA)	17.31%	14.52%	14.79%	17.47%	21.37%	0.65%	15.48%	20.00%	20.97%	16.50%	20.15%
Return on Assets (ROA)	13.27%	10.37%	11.35%	13.52%	15.47%	2.38%	11.99%	15.31%	17.09%	12.72%	15.64%
Return on Common Equity (ROCE)	17.78%	13.49%	15.65%	18.55%	21.67%	1.33%	15.80%	20.16%	22.02%	16.65%	20.45%
Return on Equity Simple (ROE_SIMPLE)	17.25%	0.00%	16.32%	16.72%	16.90%	0.00%	13.88%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	24	18	18	23	30	0.92	20	27	31	22	27
NOPAT Margin	18.39%	14.14%	15.02%	17.83%	21.81%	0.68%	15.65%	19.51%	21.78%	16.03%	19.87%
Net Nonoperating Expense Percent (NNEP)	-1.72%	0.23%	0.06%	-7.09%	-8.48%	6.82%	0.45%	0.73%	0.67%	0.65%	0.48%
Return On Investment Capital (ROIC_SIMPLE)	-	3.49%	-	-	-	0.18%	3.66%	4.95%	5.57%	4.17%	4.93%
Cost of Revenue to Revenue	44.22%	46.11%	47.52%	46.66%	45.03%	45.85%	47.21%	44.34%	43.79%	44.73%	45.26%
SG&A Expenses to Revenue	22.61%	24.25%	22.64%	20.63%	19.87%	41.32%	22.06%	20.25%	19.64%	25.07%	21.49%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	31.79%	34.09%	32.91%	30.31%	27.20%	53.48%	32.60%	30.17%	29.48%	34.48%	29.15%
Earnings before Interest and Taxes (EBIT)	32	25	24	29	38	1.15	26	35	39	30	36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	44	38	36	42	51	14	39	49	53	43	46
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.32	2.52	2.80	2.56	2.85	2.79	2.68	2.96	3.46	3.25	3.11
Price to Tangible Book Value (P/TBV)	2.45	2.65	2.94	2.70	3.00	2.94	2.82	3.12	3.64	3.42	3.26
Price to Revenue (P/Rev)	2.37	2.58	2.81	2.50	2.84	2.77	2.73	2.99	3.58	3.20	3.07
Price to Earnings (P/E)	13.48	15.68	17.14	15.32	16.30	19.87	19.30	20.29	23.39	17.23	15.67
Dividend Yield	9.18%	8.70%	1.61%	1.76%	1.51%	1.53%	1.54%	1.39%	1.13%	1.25%	1.26%
Earnings Yield	7.42%	6.38%	5.83%	6.53%	6.14%	5.03%	5.18%	4.93%	4.28%	5.81%	6.38%
Enterprise Value to Invested Capital (EV/IC)	2.40	2.64	2.93	2.59	2.97	3.02	2.95	3.26	4.05	3.74	3.70
Enterprise Value to Revenue (EV/Rev)	2.31	2.50	2.74	2.48	2.77	2.66	2.59	2.85	3.38	3.03	2.86
Enterprise Value to EBITDA (EV/EBITDA)	7.23	8.04	8.78	7.94	8.57	9.68	9.32	9.96	11.57	8.99	8.33
Enterprise Value to EBIT (EV/EBIT)	10.30	11.56	12.66	11.49	12.25	15.01	14.44	15.22	17.59	12.75	11.41
Enterprise Value to NOPAT (EV/NOPAT)	12.95	15.00	16.57	15.13	16.03	19.04	18.33	19.53	22.42	16.52	14.80
Enterprise Value to Operating Cash Flow (EV/OCF)	6.80	7.25	9.28	8.57	10.10	9.86	9.79	10.25	11.10	10.02	8.99
Enterprise Value to Free Cash Flow (EV/FCFF)	9.51	10.89	15.63	15.16	16.86	15.56	15.36	15.52	16.36	14.02	11.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.02	0.01	0.01	0.05	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.02	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.03	-0.07	-0.02	0.00	-0.06	-0.09	-0.10	-0.08	-0.13	-0.15	-0.18
Leverage Ratio	1.33	1.31	1.38	1.36	1.31	1.33	1.33	1.33	1.30	1.33	1.32
Compound Leverage Factor	1.33	1.31	1.38	1.36	1.21	4.81	1.33	1.33	1.30	1.33	1.32
Debt to Total Capital	1.57%	1.06%	1.07%	4.41%	1.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	1.07%	4.41%	1.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	1.57%	1.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	98.43%	98.94%	98.93%	95.59%	98.65%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.05	0.04	0.03	0.14	0.04	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-0.16	-0.24	-0.21	-0.07	-0.19	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.05	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.09	0.07	0.07	0.27	0.08	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-0.29	-0.45	-0.41	-0.13	-0.36	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.09	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	6.09	6.36	6.82	6.21	7.51	6.70	6.71	7.71	8.98	8.02	7.97
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.54	0.61	0.51	0.45	0.57	0.62	0.69	0.73	0.96	0.86	0.98
Quick Ratio	0.39	0.45	0.38	0.32	0.43	0.47	0.58	0.60	0.83	0.72	0.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	56	50	23	23	26	17	34	47	61	40	58
Operating Cash Flow to CapEx	519.14%	230.42%	217.87%	182.04%	827.19%	328.05%	184.01%	422.22%	2,262.60%	645.41%	887.85%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.73	0.73	0.76	0.76	0.77	0.76	0.76	0.78	0.77	0.78	0.77
Accounts Receivable Turnover	47.29	46.53	55.45	57.02	45.13	46.94	47.19	48.84	51.78	51.13	51.21
Inventory Turnover	33.41	30.62	32.67	30.86	32.18	28.55	31.06	29.60	30.25	26.66	29.84
Fixed Asset Turnover	0.85	0.87	0.87	0.88	0.89	0.90	0.90	0.92	0.95	0.96	0.98
Accounts Payable Turnover	12.71	12.39	12.73	14.52	14.54	7.50	8.06	8.61	9.06	5.69	5.88
Days Sales Outstanding (DSO)	7.72	7.84	6.58	6.40	8.09	7.78	7.73	7.47	7.05	7.14	7.13
Days Inventory Outstanding (DIO)	10.93	11.92	11.17	11.83	11.34	12.79	11.75	12.33	12.06	13.69	12.23
Days Payable Outstanding (DPO)	28.71	29.47	28.67	25.13	25.11	48.64	45.30	42.37	40.30	64.17	62.05
Cash Conversion Cycle (CCC)	-10.07	-9.70	-10.91	-6.90	-5.68	-28.08	-25.81	-22.57	-21.18	-43.34	-42.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	477	475	475	488	481	459	461	468	451	441	430
Invested Capital Turnover	1.00	1.02	1.06	1.05	1.08	1.12	1.12	1.12	1.16	1.21	1.25
Increase / (Decrease) in Invested Capital	-32	-32	-5.05	0.15	4.37	-16	-14	-20	-30	-18	-31
Enterprise Value (EV)	1,142	1,255	1,389	1,266	1,430	1,387	1,360	1,525	1,826	1,650	1,590
Market Capitalization	1,168	1,293	1,423	1,276	1,463	1,446	1,435	1,596	1,933	1,747	1,710
Book Value per Share	$26.25	$26.91	$26.39	$26.60	$27.82	$28.16	$29.01	$29.20	$30.57	$29.46	$30.74
Tangible Book Value per Share	$24.92	$25.58	$25.07	$25.25	$26.45	$26.77	$27.57	$27.74	$29.10	$27.99	$29.34
Total Capital	510	519	514	521	520	518	536	539	558	538	550
Total Debt	8.00	5.50	5.50	23	7.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	8.00	5.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-26	-38	-34	-11	-32	-59	-75	-72	-108	-96	-120
Capital Expenditures (CapEx)	8.96	17	18	13	4.87	12	20	8.08	2.48	5.91	5.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-88	-92	-98	-86	-84	-115	-121	-109	-114	-117	-124
Debt-free Net Working Capital (DFNWC)	-54	-48	-58	-52	-45	-56	-46	-37	-6.22	-21	-3.69
Net Working Capital (NWC)	-54	-48	-64	-75	-52	-56	-46	-37	-6.22	-21	-3.69
Net Nonoperating Expense (NNE)	0.28	-0.08	-0.01	0.16	2.47	-3.29	-0.24	-0.30	-0.47	-0.50	-0.46
Net Nonoperating Obligations (NNO)	-26	-38	-34	-11	-32	-59	-75	-72	-108	-96	-120
Total Depreciation and Amortization (D&A)	12	12	12	12	13	13	13	14	14	13	10
Debt-free, Cash-free Net Working Capital to Revenue	-17.78%	-18.30%	-19.29%	-16.76%	-16.31%	-21.98%	-23.02%	-20.31%	-21.10%	-21.54%	-22.26%
Debt-free Net Working Capital to Revenue	-10.91%	-9.65%	-11.49%	-10.20%	-8.68%	-10.73%	-8.74%	-6.92%	-1.15%	-3.84%	-0.66%
Net Working Capital to Revenue	-10.91%	-9.65%	-12.58%	-14.70%	-10.03%	-10.73%	-8.74%	-6.92%	-1.15%	-3.84%	-0.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.26	$0.94	$0.95	$1.21	$1.50	$0.25	$1.08	$1.47	$1.73	$1.27	$1.55
Adjusted Weighted Average Basic Shares Outstanding	19.25M	19.24M	19.28M	18.73M	18.40M	18.61M	18.45M	18.38M	18.30M	18.28M	17.84M
Adjusted Diluted Earnings per Share	$1.23	$0.93	$0.93	$1.19	$1.47	$0.25	$1.05	$1.44	$1.69	$1.25	$1.52
Adjusted Weighted Average Diluted Shares Outstanding	19.61M	19.62M	19.66M	19.09M	18.75M	18.97M	18.83M	18.72M	18.74M	18.66M	18.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	19.07M	18.97M	18.74M	18.45M	18.39M	18.46M	18.47M	18.27M	18.25M	17.89M	17.75M
Normalized Net Operating Profit after Tax (NOPAT)	24	18	18	23	30	0.63	20	27	31	22	27
Normalized NOPAT Margin	18.39%	14.14%	15.02%	17.83%	21.81%	0.47%	15.65%	19.51%	21.78%	16.03%	19.87%
Pre Tax Income Margin	23.72%	19.89%	19.58%	22.87%	25.48%	3.08%	20.44%	25.78%	27.13%	21.26%	26.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	123.55%	136.84%	27.56%	27.24%	25.90%	30.60%	29.76%	28.06%	26.69%	21.59%	19.90%
Augmented Payout Ratio	123.55%	142.93%	27.56%	93.71%	100.88%	113.01%	84.08%	65.71%	64.50%	93.32%	102.80%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from Monarch Casino & Resort (MCRI) using the latest four years of quarterly results (Q1–Q4 from 2022 through Q4 2025). The company shows improving profitability and strong cash generation in late 2025, alongside a solid balance sheet with no long-term debt and growing equity. Some quarter-to-quarter variation remains, but the trend lines in late 2024 through 2025 point to healthier earnings and liquidity.

Net income surge in Q4 2025: Net income attributable to common shareholders rose to $22,944,000, up from $1,211,000 in Q4 2024.
EPS uplift: Diluted earnings per share (EPS) for Q4 2025 was $1.25, up from $0.25 in Q4 2024.
Gross margin expansion: Total Gross Profit was $77,381,000 on $140,003,000 revenue (about 55.3% margin) in Q4 2025, vs. $69,008,000 on $134,513,000 (about 51.3%) in Q4 2024.
SG&A control boosts profitability: Selling, General & Administrative expense declined to $35,096,000 in Q4 2025 from $55,574,000 in Q4 2024, helping improve operating profitability.
Strong operating cash flow in 2025: Net cash from continuing operating activities was robust in 2025, with $56,022,000 in Q3 2025 and $38,137,000 in Q4 2025.
Liquidity up significantly: Cash & equivalents ended Q3 2025 at $107,639,000, up from $39,380,000 at the end of 2024, signaling stronger liquidity footing.
Conservative capital structure: The balance sheet shows no long-term debt, and total equity rose to about $558,376,000 by Q3 2025, reflecting a stronger capitalization base.
Revenue volatility across quarters: 2025 quarterly revenue fluctuated (e.g., $125.394m in Q1 2025 to $140.003m in Q4 2025), indicating seasonality and year-to-year variation rather than a single steady trend.
Shares outstanding is in a tight range: Weighted-average shares outstanding in 2025 hover around the 18–19 million range (e.g., roughly 18.2–18.7 million), suggesting modest dilution risk and stable EPS base.
Quarterly cash balance pressure in Q4 2025: Net change in cash and equivalents was negative $11,171,000 for Q4 2025, indicating a quarter-ending cash outflow despite strong earnings.

05/25/26 07:43 PM ETAI Generated. May Contain Errors.

Monarch Casino & Resort Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Monarch Casino & Resort's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Monarch Casino & Resort's net income appears to be on an upward trend, with a most recent value of $101.39 million in 2025, rising from $20.66 million in 2015. The previous period was $72.77 million in 2024. See Monarch Casino & Resort's forecast for analyst expectations on what's next for the company.

Monarch Casino & Resort's total operating income in 2025 was $127.50 million, based on the following breakdown:

Total Gross Profit: $300.05 million
Total Operating Expenses: $172.56 million

Over the last 10 years, Monarch Casino & Resort's total revenue changed from $202.25 million in 2015 to $545.13 million in 2025, a change of 169.5%.

Monarch Casino & Resort's total liabilities were at $175.18 million at the end of 2025, a 0.8% increase from 2024, and a 147.0% increase since 2015.

In the past 10 years, Monarch Casino & Resort's cash and equivalents has ranged from $21.16 million in 2015 to $96.47 million in 2025, and is currently $96.47 million as of their latest financial filing in 2025.

Over the last 10 years, Monarch Casino & Resort's book value per share changed from 12.01 in 2015 to 29.46 in 2025, a change of 145.3%.

Related Companies

Financial statements for NASDAQ:MCRI last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Monarch Casino & Resort (MCRI) Financials

Financials Breakdown Chart

Key Financial Trends

Monarch Casino & Resort Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Monarch Casino & Resort (MCRI) Financials

Annual Income Statements for Monarch Casino & Resort

Quarterly Income Statements for Monarch Casino & Resort

Annual Cash Flow Statements for Monarch Casino & Resort

Quarterly Cash Flow Statements for Monarch Casino & Resort

Annual Balance Sheets for Monarch Casino & Resort

Quarterly Balance Sheets for Monarch Casino & Resort

Annual Metrics And Ratios for Monarch Casino & Resort

Quarterly Metrics And Ratios for Monarch Casino & Resort

Financials Breakdown Chart

Key Financial Trends

Monarch Casino & Resort Financials - Frequently Asked Questions

When does Monarch Casino & Resort's fiscal year end?

How has Monarch Casino & Resort's net income changed over the last 10 years?

What is Monarch Casino & Resort's operating income?

How has Monarch Casino & Resort's revenue changed over the last 10 years?

How much debt does Monarch Casino & Resort have?

How much cash does Monarch Casino & Resort have?

How has Monarch Casino & Resort's book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools