Monarch Casino & Resort, Inc.
- Open
- 132.03
- Day high
- 133.44
- Day low
- 129.63
- Prev close
- 131.61
- Volume
- 80K
- Mkt cap
- $2.3B
- P/E (TTM)
- 21.7
- EPS (TTM)
- $6.02
- P/B
- 4.2
- P/S
- 4.2
- Yield
- 0.92%
- Per share
- $1.20
- ▼Insiders net selling -$604K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Monarch Casino & Resort, Inc. (MCRI) is a Consumer Cyclical company listed on NASDAQ. The stock is up 48% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Monarch Casino & Resort, Inc. (MCRI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MCRI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $1.15 | $1.52 | +32.2% | $137M | +5.1% |
| Feb 4, 2026 | $1.37 | $1.25 | -8.8% | $140M | +7.5% |
| Oct 21, 2025 | $1.63 | $1.69 | +3.7% | $143M | +2.5% |
| Jul 16, 2025 | $1.22 | $1.44 | +18.0% | $137M | -5.5% |
| Apr 22, 2025 | $1.04 | $1.05 | +1.0% | $125M | -3.3% |
| Oct 23, 2024 | $1.37 | $1.47 | +7.3% | $138M | +7.0% |
| Jul 24, 2024 | $1.11 | $1.19 | +7.2% | $128M | +1.5% |
| Apr 17, 2024 | $0.96 | $0.93 | -3.1% | $122M | -0.5% |
| Feb 14, 2024 | $1.03 | $0.93 | -9.7% | $128M | +8.0% |
| Oct 18, 2023 | $1.43 | $1.23 | -14.0% | $133M | +12.0% |
| Jul 19, 2023 | $1.17 | $1.14 | -2.6% | $124M | -0.2% |
| Apr 19, 2023 | $0.99 | $0.90 | -9.1% | $117M | +1.0% |
MCRI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 29, 2026 | FARAHI JOHNdirector, 10 percent owner, officer: CEO | Sell | 5,000 | $120.84 |
| Apr 30, 2026 | FARAHI JOHNdirector, 10 percent owner, officer: CEO | Option | 66,668 | $45.32 |
| Apr 30, 2026 | FARAHI JOHNdirector, 10 percent owner, officer: CEO | Option | 66,666 | $23.08 |
| Apr 30, 2026 | FARAHI JOHNdirector, 10 percent owner, officer: CEO | Tax | 114,748 | $118.16 |
| Apr 24, 2026 | FARAHI BOBdirector, officer: President | Tax | 51,175 | $116.65 |
| Apr 24, 2026 | FARAHI BOBdirector, officer: President | Option | 33,334 | $73.95 |
| Apr 24, 2026 | FARAHI BOBdirector, officer: President | Option | 33,333 | $76.89 |
| Apr 24, 2026 | FARAHI BOBdirector, officer: President | Option | 66,667 | $116.65 |
| Mar 25, 2026 | FARAHI JOHNdirector, 10 percent owner, officer: CEO | Sell | 2,000 | $99.00 |
| Mar 25, 2026 | FARAHI JOHNdirector, 10 percent owner, officer: CEO | Sell | 1,000 | $97.43 |
| Feb 12, 2026 | Andrews Pauldirector | Sell | 3,000 | $21.85 |
| Feb 12, 2026 | Andrews Pauldirector | Sell | 3,100 | $31.23 |
| Jan 16, 2026 | LANDAU YVETTEdirector | Sell | 2,684 | $44.55 |
| Jan 16, 2026 | LANDAU YVETTEdirector | Sell | 6,100 | $43.09 |
| Jan 16, 2026 | LANDAU YVETTEdirector | Sell | 3,416 | $44.55 |
Source: MCRI SEC Form 4 filings, latest May 29, 2026. For informational purposes only — not investment advice.
See the full MCRI insider & 13F page →Monarch Casino & Resort, Inc. company profile
Overview
Monarch Casino & Resort, Inc. (NASDAQ:MCRI) is a regional casino and resort operator founded in 1972 and based in Reno, Nevada. The company has built its business around owning and operating premium casino resort properties in established gaming markets. Having gone public in 1993, Monarch has developed into a focused operator with two flagship properties: the Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company has maintained a strategy of owning rather than franchising its properties, allowing for direct control over operations and customer experience.
Business
Monarch Casino operates in the casino and resort hospitality industry, which combines gambling entertainment with hotel accommodations, dining, and entertainment services. The company generates revenue through multiple integrated business segments within its two primary properties. The Atlantis Casino Resort Spa in Reno serves as the company's flagship property, featuring approximately 61,000 square feet of casino space with around 1,400 slot machines and video poker games, 37 table games including blackjack, craps, and roulette, plus a race and sports book, keno lounge, and poker room. The property includes 818 guest rooms and suites, eight food outlets, two coffee bars, a 30,000 square-foot health spa with enclosed pool, retail outlets, an 8,000 square-foot family entertainment center, and 52,000 square feet of banquet and convention space. The Monarch Casino Resort Spa Black Hawk in Colorado operates in the historic mining town of Black Hawk, featuring approximately 60,000 square feet of casino space with 1,100 slot machines and 40 table games. The property includes 516 guest rooms and suites, 10 bars and lounges, four dining options, banquet and meeting facilities, a retail store, concierge lounge, upscale spa and pool facility, and extensive parking with approximately 1,500 total spaces. The casino industry operates on the principle of statistical advantage, where games are designed with mathematical odds that favor the house over time. Customers exchange money for chips or credits to play games of chance, with the casino retaining a percentage of all money wagered over time, known as the "house edge." The resort components provide additional revenue streams while encouraging longer customer stays and higher overall spending per visit.
Revenue model
Monarch Casino generates revenue through multiple integrated streams within its casino resort properties. Gaming revenue represents the largest component, derived from slot machines, table games, poker, sports betting, and keno operations. This revenue comes from the mathematical advantage built into each game, where the casino retains a percentage of all money wagered over time. Hotel revenue comes from room bookings, with the company operating 1,334 total rooms across both properties. Food and beverage revenue is generated through multiple restaurants, bars, coffee shops, and room service operations. Entertainment and other revenue includes banquet and convention services, retail sales, spa services, and the family entertainment center. The company's customers are primarily leisure travelers and local residents seeking gaming and entertainment experiences. The business model benefits from the integrated nature of the operations, where gaming customers often stay in hotel rooms and dine on property, increasing overall revenue per customer visit. Factors that increase margins include higher customer visitation rates, increased spending per customer, efficient cost management, and favorable gaming win rates within normal statistical ranges. Margin pressures can come from increased competition from other casinos or alternative entertainment options, economic downturns that reduce discretionary spending, rising labor and utility costs, regulatory changes affecting gaming operations, and seasonal variations in tourism patterns. The company's locations in established gaming markets provide some protection, but regional economic conditions and travel patterns significantly impact performance.
Competitive moat
Monarch Casino's competitive moat is moderate and primarily location-based. The company benefits from operating in markets with limited gaming licenses and significant regulatory barriers to entry. Nevada and Colorado both have established gaming regulatory frameworks that create natural barriers for new competitors. The Atlantis property in Reno benefits from being in a mature gaming market with limited expansion opportunities for new large-scale casino resorts. Reno's position as a regional gaming destination for Northern California and the Pacific Northwest provides some geographic protection. The Black Hawk property operates in Colorado's historic gaming district, where development is constrained by geography, historic preservation requirements, and limited available land. However, the moat faces several challenges. The company operates in a highly competitive industry where customers can easily switch between gaming destinations. Native American casinos in surrounding areas provide significant competition, often with tax advantages and different regulatory requirements. Online gaming and sports betting represent growing competitive threats, particularly as more states legalize digital gambling platforms. The company's relatively small scale compared to major gaming operators like MGM Resorts or Caesars Entertainment limits its ability to compete on marketing spend, loyalty programs, and entertainment offerings. Regional economic dependence makes the company vulnerable to local economic downturns, and the limited geographic diversification concentrates risk in two specific markets.
Risks & safety
Monarch Casino demonstrates solid financial stability with manageable debt levels and consistent cash generation, though working capital management presents some concerns. • Debt and Solvency: Very low debt-to-equity ratio of 2.7% as of Q1 2025, indicating minimal financial leverage and low solvency risk • Cash Position: Strong cash position of $75.1 million as of Q1 2025, providing operational flexibility • Working Capital Concern: Current ratio of 0.69 indicates current liabilities exceed current assets, requiring attention to short-term liquidity management • Cash Flow: Positive operating cash flow of $36.5 million in Q1 2025 and strong annual free cash flow of $93.3 million in 2024 • Valuation Metrics: Trading at P/E ratio of 18.1x and EV/EBITDA of 8.8x based on Q1 2025 results, representing reasonable valuations for a regional casino operator • Profitability: Consistent profitability with net margins typically in the 14-18% range, demonstrating operational efficiency
Recent development
Based on available financial data, Monarch Casino has focused on operational optimization and financial discipline over the past few years. The company has maintained consistent operations at both properties while managing through various economic cycles and industry challenges. The company has demonstrated strong cash flow generation, with annual free cash flow of $93.3 million in 2024 compared to $100.3 million in 2022, showing resilient cash generation despite some variability. Revenue has grown from $477.9 million in 2022 to $522.2 million in 2024, indicating steady business expansion. Capital allocation appears focused on maintaining property quality and operational efficiency rather than major expansion projects. The company has maintained low debt levels throughout this period, preserving financial flexibility. The consistent profitability and cash generation suggest management has successfully navigated industry challenges including post-pandemic recovery, labor market changes, and evolving competitive dynamics. Without access to recent earnings call transcripts, specific strategic initiatives and management commentary on future plans are not available, but the financial performance indicates a focus on steady operational execution and financial stability.
MCRI company profile · for informational purposes only — not investment advice.
Track MCRI with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free