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Monarch Casino & Resort, Inc.

MCRI Consumer Cyclical Resorts & Casinos

Monarch Casino & Resort, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $545.1 million, up 4.39% from fiscal 2024.

Revenue
+2.42%
EPS
+4.05%
Free cash flow
−21.8%

Quarter to September 2026, against a year earlier

109.38 3.75 −3.31%
Market cap
$1.9B
P/E
17.0×
Fwd P/E
16.4×
Dividend yield
1.10%
F-score
9/9
Altman Z
8.49
Beneish M
−2.73
Dividend safety
85/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.52
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 1 — 1 — — — 1 — —
Insider Ownership 33.11%

Capital & Financial Ratios $m

Size
Market Cap 1,930.00
Revenue ttm 565.42
Net income ttm 115.06
Free cash flow ttm 142.84
Net debt Q (125.77)
Valuation
P/E 16.98
Forward P/E 16.40
Price / sales 3.44
Forward P/S Powerpack
Price / FCF 13.61
Price / book 3.41
Financial health
Current ratio Q 1.17
Debt / equity Q 0.02 (at or below 0.5: strong)
Interest coverage Q (89.03)
Growth
Revenue growth Q +2.42% (above 0%: growing)
Operating income growth Q +8.13% (above 0%: growing)
EPS, this year +24.11% (at or above 15%: strong)
EPS, next year A +4.55%
Revenue, next year A +4.18%
EPS, past 5 yrs +34.15% (at or above 15%: strong)
EPS, next 5 yrs A +11.04%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.2×, against a ten-year median of 3.2×; over the ten years it ranged from 1.9× in 2016 to 7.5× in 2021.
P/E against its own 10 years 25.85%
10-year low 10-year high
P/S against its own 10 years 71.65%
10-year low 10-year high
P/B against its own 10 years 91.16%
10-year low 10-year high
EV/Sales against its own 10 years 52.73%
10-year low 10-year high
EV/FCF against its own 10 years 17.21%
10-year low 10-year high

Dividends

Yield
1.10%
Annual rate
1.20
Payout ratio
19.0%
Growth, 2023–25
+15.5%/yr
  1. 0.90 ’23
  2. 1.20 ’24 +33
  3. 1.20 ’25 +0
  4. 1.20 ’26e +0
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 43 59 96 137
Receivables 13 12 14 12
Inventory 8 9 9 8
Other — — — —
75 90 129 166
2023 2024 2025 Q'26
Payables 71 92 95 92
ST’ Debt — — — —
Other — — — —
123 146 150 142

Compound Annual Growth %

10y 5y 3y
Sales 10.42% 24.21% 4.49%
Cash Flow 15.73% 39.27% 5.63%
Earnings 17.24% 33.76% 5.04%
Book Value 10.18% 7.87% (0.08%)

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.91 Actual 1.76

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.37 1.25 Miss by 0.12
Q1 FY26 1.15 1.52 Beat by 0.37
Q2 FY26 1.75 1.78 Beat by 0.03
Q3 FY26 1.91 1.76 Miss by 0.15
Q4 FY26 1.67 — Reports 3 February 2027

EPS $

Mar Jun Sep Dec Year
’26 1.52 1.78 1.76 — —
’25 1.05 1.44 1.69 1.25 5.43
’24 0.93 1.19 1.47 0.25 3.84
’23 0.90 1.14 1.23 0.93 4.20
’22 0.92 0.99 1.41 1.14 4.47
’21 0.42 0.93 1.15 1.02 3.53
’20 0.11 (0.24) 0.57 0.80 1.25
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 137 143 146 — —
’25 125 137 143 140 545
’24 122 128 138 135 522
’23 117 124 133 128 501
’22 108 115 134 121 478
’21 75 98 112 111 395
’20 51 15 60 58 184
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 49 31 51 — —
’25 36 34 56 38 165
’24 38 24 40 38 141
’23 62 26 46 39 173
’22 35 25 46 34 140
’21 22 33 41 32 128
’20 (7) (3) 29 12 31
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 43 26 42 — —
’25 17 26 54 32 128
’24 21 11 35 26 93
’23 47 18 38 22 124
’22 21 13 41 26 101
’21 15 28 26 12 81
’20 (18) (10) 17 (46) (57)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 217 231 240 249 184 395 478 501 522 545 565 +10.8% 568 581 592 +2.8%
Gross margin, % 51.51 51.37 51.29 50.92 54.06 55.05 54.32 53.68 53.78 55.04 55.53 +3.5 pt
EBT 38 40 43 40 15 85 109 109 92 129 147 +14.6%
EBT margin, % 17.48 17.21 17.75 15.88 8.13 21.59 22.81 21.64 17.69 23.74 25.96 +6.3 pt
Net income 25 26 34 32 24 68 87 82 73 101 115 +17.1%
Per share, $
Per share, $ Revenue 12.54 13.12 13.47 13.82 10.12 21.24 25.16 26.06 28.06 29.82 31.81 +10.1%
Earnings 1.42 1.45 1.91 1.77 1.30 3.68 4.60 4.28 3.91 5.55 6.44 +16.4%
Cash flow 2.53 2.81 3.29 3.51 1.73 6.88 7.36 8.99 7.56 9.01 9.46 +15.2%
Capex (1.51) (2.84) (7.68) (6.95) (4.87) (2.52) (2.05) (2.54) (2.54) (1.98) (1.43) +3.1%
Free cash flow 1.02 (0.03) (4.39) (3.44) (3.14) 4.36 5.30 6.45 5.02 7.03 8.04 +23.9%
Book value 13.51 15.15 16.88 18.93 20.20 24.06 28.37 26.66 27.82 29.41 32.04 +9.0%
Shares, m 17 18 18 18 18 19 19 19 19 18 18 +0.6%
Valuation, ×
Valuation, × P/E 18.10 30.74 19.97 27.43 47.46 20.10 16.51 16.04 20.17 17.24 16.98 23.4
P/S 2.05 3.40 2.83 3.51 6.05 3.48 3.02 2.64 2.81 3.21 3.44 3.3
P/B 1.90 2.94 2.26 2.56 3.03 3.07 2.68 2.58 2.84 3.25 3.41 2.7
EV/Sales 2.21 3.54 3.25 4.05 6.87 3.62 2.98 2.56 2.72 3.06 3.23 3.5
EV/FCF 27.21 (1,813.81) (9.96) (16.28) (22.15) 17.63 14.13 10.34 15.23 12.97 12.78 (176.5)
Cash, $m
Cash, $m Operating cash flow 44 49 59 63 31 128 140 173 141 165 168 +15.9%
Capex (26) (50) (137) (125) (89) (47) (39) (49) (47) (36) (25) +3.7%
Free cash flow 18 0 (78) (62) (57) 81 101 124 93 128 143 +24.7%
Balance, $m
Balance, $m Working capital 4 7 (13) 0 (36) (57) (28) (48) (56) (21) 24 n/m
Net debt 0 (3) 64 135 151 55 (19) (38) (59) (96) (126) +100.6%
Shareholders’ equity 234 266 301 341 368 448 539 513 518 538 569 +9.7%
Returns, %
Returns, % ROA 8.62 8.14 8.66 5.97 3.69 10.05 12.65 12.00 10.60 14.44 15.75 +5.8 pt
ROIC 10.31 9.64 7.33 5.20 1.84 11.18 13.39 14.49 12.60 18.06 20.28 +7.8 pt
ROE 11.23 10.21 12.01 9.91 6.68 16.78 17.73 15.67 14.12 19.21 20.40 +8.0 pt
People
People Employees 2,100 2,200 2,200 2,300 2,300 2,650 2,700 2,900 2,900 2,740 — +3.0%
Revenue/emp, $m 0.10 0.10 0.11 0.11 0.08 0.15 0.18 0.17 0.18 0.20 — +7.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Monarch Casino & Resort, Inc. vs peers in Resorts & Casinos (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MTN Vail Resorts, Inc. $5.7B 38.2× 27.1× +2.50% (above 0%: growing) n/m +29.42% (above 0%: growing) (8.85%) (75.09%) Compare
BYD Boyd Gaming Corporation $5.5B 11.7× 10.8× −1.38% (below 0%: shrinking) −90.40% (below 0%: shrinking) +6.74% (above 0%: growing) 49.14% 19.68% Compare
RRR Red Rock Resorts, Inc. $5.0B 25.6× 23.6× +2.76% (above 0%: growing) n/m +76.20% (above 0%: growing) 48.76% 5.46% Compare
VAC Marriott Vacations Worldwide Corporation $3.7B — (loss-making) 15.3× +8.23% (above 0%: growing) n/m +127.45% (above 0%: growing) 91.51% 11.19% Compare
HGV Hilton Grand Vacations Inc. $3.3B 8.1× 12.8× +50.85% (above 0%: growing) +1,279.36% (above 0%: growing) +1,400.00% (above 0%: growing) 43.55% 25.09% Compare
PENN PENN Entertainment, Inc. $2.3B — (loss-making) 16.6× +7.14% (above 0%: growing) n/m +20,510.00% (above 0%: growing) 0.00% 6.92% Compare
MCRI Monarch Casino & Resort, Inc. $1.9B 17.0× 16.4× +2.42% (above 0%: growing) +4.05% (above 0%: growing) −21.79% (below 0%: shrinking) 56.33% 28.22%
MLCO Melco Resorts & Entertainment Limited $1.7B 7.6× 12.0× −5.72% (below 0%: shrinking) +50.00% (above 0%: growing) +513.61% (above 0%: growing) 34.83% 10.20% Compare
BALY Bally's Corporation $636.9M — (loss-making) — (loss-making) +20.49% (above 0%: growing) n/m −279.58% (below 0%: shrinking) 49.46% (4.29%) Compare
Median of peers $3.5B 11.7× 15.3× +4.95% +50.00% +101.83% 46.16% 8.56%

All 17 Resorts & Casinos stocks →

Pay and ownership Proxy statement filed 13 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.61m 10.72m 156.32
2024 3.66m 8.12m 128.88
2023 3.21m 3.97m 112.95
2022 3.50m 6.86m 125.60
2021 5.44m 10.57m 120.79

Ownership

Directors and executive officers, together 26.34%
John Farahi 19.18%
BlackRock, Inc. 10.47%
Ben Farahi 8.22%
Bob Farahi 6.59%
The Vanguard Group - 5.59%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Monarch Casino & Resort, Inc. (MCRI) Latest News

28 Oct

Impact 3 · · Associated Press

27 Oct

Impact 4 · · GlobeNewswire
Impact 3 · · StockStory
Impact 3 · · Zacks

26 Oct

Impact 3 · · StockStory

1 Oct

Impact 3 · · GlobeNewswire

20 Jul

Impact 4 ·

19 Jul

Impact 3 ·
Impact 3 ·

18 Jul

Impact 3 ·

22 May

Impact 3 · · StockStory

23 Apr

Impact 4 · · Simply Wall St.

21 Apr

Impact 4 · · Simply Wall St.
Impact 4 · · Zacks
Impact 4 · · StockStory
Impact 4 · · GlobeNewswire

15 Apr

Impact 4 · · The Motley Fool

21 Mar

Impact 4 · · Simply Wall St.

13 Feb

Impact 4 · · Zacks

6 Feb

Impact 4 · · Zacks

5 Feb

Impact 4 · · Simply Wall St.

4 Feb

Impact 4 · · Zacks
Impact 4 · · Associated Press FinanceStockStorySimply Wall St.Insider MonkeyStockStory
Impact 4 · · GlobeNewswire
Impact 3 · · Zacks
Impact 3 · · StockStory

2 Feb

Impact 3 · · StockStorySimply Wall St.Insider MonkeyStockStoryStockStoryStockStoryStockStoryStockStory

23 Jan

Impact 3 · · Simply Wall St.

20 Jan

Impact 3 · · StockStory

15 Jan

Impact 4 · · Insider MonkeySimply Wall St.StockStoryInsider Monkey

MCRI metrics, ten years each

stockrow.com/MCRI · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com