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Owns and operates regional casino resorts, including the Atlantis in Reno and a Black Hawk, Colorado property.
Owns and operates regional casino resorts, including the Atlantis in Reno and a Black Hawk, Colorado property.
Earns mainly from slot and table play, with hotel rooms, food and entertainment supporting the gaming floor. Its results rest mainly on two local markets, Reno and the Denver area. The Farahi family, its founders, remains the controlling shareholder.
Moat: narrow (regulatory licence, scale). Limited gaming licenses in its regional markets restrict new casino competition.
Headquarters: Reno, Nevada, United States · Founded: 1996 · Employees: 2,740
Size Monarch Casino & Resort (MCRI) is a United States Consumer Discretionary company (Hotels/Resorts/Cruise lines) with a market value of $1.92B, the 1824th largest of 3,117 United States companies the cockpit tracks. Shares closed at $108.75 on 6 Nov 2026.
Performance Over six months the shares fell 8.3%, against -3.6% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 4.8% over the last twelve months (peer median +6.5%); the operating margin is 26.9% (peer median 13.8%).
Valuation It trades at 15.6× forward earnings against a peer median of 17.2× (6th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +24%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 15.1 points above its cost of capital (11.9% WACC).
Backlog Backlog (remaining performance obligations) was $7.50M at 31 Dec 2025, down 7% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 3.5% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $565M | $545M | $522M | $501M | $478M |
| Revenue growth | — | +4% | +4% | +5% | — |
| Gross profit | $269M | $246M | $229M | $222M | $216M |
| EBITDA | $197M | $191M | $173M | $163M | $162M |
| Net income | $115M | $101M | $72.8M | $82.4M | $87.5M |
| Free cash flow | $143M | $128M | $93.3M | $124M | $100M |
| Capital expenditure | $25.6M | $36.3M | $47.4M | $49.0M | $39.5M |
| Total debt | $12.6M | $13.3M | $14.1M | $20.4M | $20.6M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Monarch Casino & Resort MCRI | $1.92B | -8% | +5% | 27% | 15.6× | 6.7% |
| Boyd Gaming BYD | $5.41B | -11% | 0% | 19% | 10.1× | n/a |
| Red Rock Resorts RRR | $5.06B | -11% | +1% | 23% | 17.9× | 13.3% |
| Caesars Entertainment CZR | $5.96B | +4% | +3% | 17% | n/a | 5.8% |
| PENN Entertainment PENN | $2.34B | +4% | +6% | 6% | 12.3× | 15.2% |
| Bally's BALY | $625M | -4% | +20% | 0% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MCRI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.7% | +7.4% | 4th lowest of 21 |
| 6-month return | -8.3% | -3.6% | 10th lowest of 21 |
| Distance from 52-week high | -20.0% | -16.7% | 10th lowest of 21 |
| Revenue growth (TTM) | +4.8% | +6.5% | 8th lowest of 21 |
| Operating margin | 26.9% | 13.8% | 8th highest of 21 |
| Forward P/E | 15.6× | 17.2× | 6th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 6.7% | 0.7% | 8th most demanding of 19 |
| Growth delivered (Del g) | +24.2% | +17.3% | 8th highest of 19 |
| Hurdle (Req g minus delivered) | -17.5 pp | -19.3 pp | 9th most demanding of 19 |
| ROIC minus cost of capital | +15.1 pp | +0.3 pp | highest of 21 |
| EV / EBITDA | 9.1× | 13.6× | 7th cheapest of 19 |
| Net debt / EBITDA | -0.6× | 2.5× | 2nd least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Monarch Casino & Resort MCRI | United States | $1.92B | -8% | +5% | 27% | 15.6× | 6.7% | +24.2% |
| Chalet Hotels CHALET.NS | India | $1.88B | +2% | -17% | 34% | 28.1× | 24.1% | +57.5% |
| Shangri-La Asia 0069.HK | Hong Kong | $1.87B | -9% | +5% | 35% | 10.6× | -8.7% | +16.8% |
| Kyoritsu Maintenance 9616.T | Japan | $2.00B | +47% | +20% | 9% | 16.7× | 2.3% | +17.8% |
| Melco Resorts & Entertainment Ltd. Sponsored ADR MLCO | United States | $1.79B | -16% | +6% | 12% | 7.5× | -6.2% | +24.5% |
| EIH EIHOTEL.NS | India | $2.07B | -7% | +8% | 29% | 23.2× | 28.9% | +42.9% |
| Hotel Properties H15.SI | Singapore | $2.07B | +11% | +2% | 7% | n/a | n/a | n/a |
| Hbx Group International HBX.MC | Spain | $2.19B | +29% | +4% | 38% | 9.6× | -4.2% | +18.4% |
| Lindblad Expeditions LIND | United States | $2.23B | +61% | +17% | 8% | 89.0× | 33.0% | +56.4% |
| BTG Hotels (Group) Co Ltd Shs -A- 600258.SS | China | $2.25B | -14% | -3% | 18% | 17.0× | -11.1% | +7.6% |
| Scandic Hotels SHOT.ST | Sweden | $2.29B | +16% | +3% | 13% | 17.2× | 3.2% | +24.4% |
| SkiStar SKIS-B.ST | Sweden | $1.58B | +27% | +7% | 17% | 21.3× | 8.4% | +12.5% |
| Resorttrust 4681.T | Japan | $2.36B | -1% | +8% | 12% | 16.4× | -6.4% | +9.4% |
| Leela Palaces Hotels & Resorts THELEELA.NS | India | $2.45B | +65% | +17% | 42% | 43.7× | n/a | n/a |
| Melia Hotels International MEL.MC | Spain | $2.67B | -10% | +5% | 13% | 15.2× | 7.3% | +31.5% |
| Great Eagle 0041.HK | Hong Kong | $1.37B | -24% | +75% | 12% | n/a | -0.9% | +13.8% |
| Ventive Hospitality VENTIVE.NS | India | $1.34B | -17% | +15% | 29% | 26.2× | 29.9% | +78.5% |
| Guoco 0053.HK | Hong Kong | $2.90B | 0% | -11% | 13% | n/a | -3.9% | +16.0% |
| NagaCorp 3918.HK | Hong Kong | $1.21B | -48% | +12% | 58% | 4.7× | -19.3% | -4.1% |
| Shanghai Jin Jiang International Hotels 600754.SS | China | $3.18B | -16% | +5% | 14% | 19.5× | -8.1% | +6.9% |
| Target Hospitality TH | United States | $1.13B | -26% | +12% | -9% | 22.9× | 49.9% | +7.3% |
Monarch Casino & Resort reported $7.50M of remaining performance obligations at 31 Dec 2025, down 7% from a year earlier. That is 0.0 years of trailing revenue already under contract.