For the twelve months ended Sep 30, 2026, Monarch Casino & Resort Inc. reported $565.41M of revenue and $115.06M of net income.
MCRI revenue was $146.26M in fiscal Q3 2026 (ended Sep 30, 2026), up 2.4% from a year earlier and up 2.6% from the prior quarter. For the full fiscal 2025 it was $545.13M, up 4.4% from fiscal 2024. Compound annual growth was +24.2% over 5 years. It rose in 7 of the last 9 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.
MCRI net income was $32.01M in fiscal Q3 2026 (ended Sep 30, 2026), up 1.4% from a year earlier and down 1.6% from the prior quarter. For the full fiscal 2025 it was $101.39M, up 39.3% from fiscal 2024. Compound annual growth was +33.8% over 5 years and +17.2% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
MCRI diluted EPS was $1.76 in fiscal Q3 2026 (ended Sep 30, 2026), up 4.1% from a year earlier and down 1.1% from the prior quarter. For the full fiscal 2025 it was $5.43, up 41.4% from fiscal 2024. Compound annual growth was +34.1% over 5 years and +16.4% over 10 years.
MCRI free cash flow was $41.86M in fiscal Q3 2026 (ended Sep 30, 2026), down 21.8% from a year earlier and up 63.6% from the prior quarter. For the full fiscal 2025 it was $128.43M, up 37.7% from fiscal 2024. Compound annual growth was +72.1% over 10 years. It rose in 3 of the last 4 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $545.13M | $522.19M | $501.48M | $477.87M | $395.38M | $184.41M | $249.17M | $240.31M | $279.25M | $264.14M |
| Gross profit | $127.50M | $92.50M | $110.15M | $111.44M | $89.88M | $15.27M | $39.58M | $42.83M | $40.67M | $38.55M |
| Selling, general and admin | $109.38M | $108.29M | $105.82M | $97.60M | $84.43M | $60.40M | $69.31M | $65.80M | $62.72M | $57.73M |
| Operating income | - | - | - | - | - | - | - | - | $40.67M | $38.55M |
| Interest expense | - | - | - | - | - | - | - | $177.0K | $967.0K | $616.0K |
| Pre-tax income | $129.43M | $92.40M | $108.53M | $109.02M | $85.37M | $15.00M | $39.58M | $42.65M | $39.70M | $37.93M |
| Income tax | $28.04M | $19.63M | $26.08M | $21.54M | $16.88M | -$8.68M | $7.76M | $8.55M | $14.16M | $13.36M |
| Net income | $101.39M | $72.77M | $82.45M | $87.48M | $68.49M | $23.68M | $31.82M | $34.10M | $25.54M | $24.57M |
| EPS, basic | $5.55 | $3.91 | $4.28 | $4.60 | $3.68 | $1.30 | $1.77 | $1.91 | $1.45 | $1.42 |
| EPS, diluted | $5.43 | $3.84 | $4.20 | $4.47 | $3.53 | $1.25 | $1.70 | $1.83 | $1.39 | $1.39 |
| Diluted shares | 18.7M | 19.0M | 19.6M | 19.6M | 19.4M | 18.9M | 18.7M | 18.6M | 18.4M | 17.7M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $96.47M | $58.76M | $43.36M | $38.78M | $33.53M | $28.31M | $60.54M | $30.46M | $29.15M | $26.38M |
| Receivables | $11.07M | $10.26M | $11.99M | $9.57M | $8.88M | $3.74M | $5.46M | $6.74M | $6.92M | $5.04M |
| Inventory | $9.09M | $9.30M | $7.61M | $7.56M | $7.16M | $7.82M | $6.74M | $3.69M | $3.33M | $3.10M |
| Current assets | $129.25M | $90.42M | $74.97M | $89.43M | $84.06M | $73.16M | $79.16M | $46.68M | $46.03M | $39.41M |
| Goodwill | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M |
| Total assets | $712.85M | $691.58M | $680.87M | $692.94M | $690.46M | $671.88M | $610.88M | $455.13M | $332.09M | $295.17M |
| Current liabilities | $150.20M | $146.46M | $123.37M | $117.74M | $141.18M | $109.44M | $79.47M | $59.45M | $39.41M | $35.12M |
| Long-term debt | - | - | $5.50M | - | $68.15M | - | - | - | - | $26.20M |
| Total debt | - | - | $5.50M | - | $68.15M | - | - | - | - | $26.20M |
| Total liabilities | $175.18M | $173.84M | $167.73M | $153.99M | $242.44M | $303.81M | $269.68M | $153.94M | $65.61M | $61.32M |
| Shareholders' equity | $537.67M | $517.75M | $513.14M | $538.95M | $448.01M | $368.07M | $341.20M | $301.18M | $266.47M | $233.84M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $164.75M | $140.71M | $173.05M | $139.77M | $128.10M | $31.44M | $63.25M | $58.76M | $49.45M | $43.73M |
| Capital expenditures | $36.32M | $47.43M | $49.01M | $39.48M | $46.93M | $88.67M | $125.37M | $137.07M | $49.99M | $26.12M |
| Free cash flow | $128.43M | $93.28M | $124.04M | $100.29M | $81.17M | -$57.22M | -$62.12M | -$78.32M | -$536.0K | $17.61M |
| Investing cash flow | -$37.17M | -$43.79M | -$51.23M | -$47.97M | -$37.79M | -$46.39M | -$134.92M | -$125.75M | -$46.69M | -$24.89M |
| Financing cash flow | -$89.87M | -$81.53M | -$117.24M | -$86.54M | -$85.10M | -$17.28M | $101.75M | $68.30M | - | -$13.62M |
| Dividends paid | $21.89M | $22.27M | $112.82M | - | - | - | - | - | - | - |
| Share repurchases | $72.72M | $59.97M | $5.03M | $6.50M | - | - | - | - | - | - |
| Stock-based compensation | $8.40M | $7.86M | $7.11M | $5.09M | $4.06M | $3.85M | $8.20M | $5.47M | $7.09M | $1.68M |
| Depreciation and amortization | $54.02M | $51.36M | $47.29M | $43.43M | $38.43M | $17.32M | $14.88M | $14.62M | $15.13M | $14.84M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 4.4% | 4.1% | 4.9% | 20.9% | 114.4% | -26.0% | 3.7% | -13.9% | 5.7% | - |
| Net income growth, YoY | 39.3% | -11.7% | -5.8% | 27.7% | 189.2% | -25.6% | -6.7% | 33.5% | 3.9% | 19.0% |
| EPS growth, YoY | 41.4% | -8.6% | -6.0% | 26.6% | 182.4% | -26.5% | -7.1% | 31.7% | 0.0% | 16.8% |
| Gross margin | 23.4% | 17.7% | 22.0% | 23.3% | 22.7% | 8.3% | 15.9% | 17.8% | 14.6% | 14.6% |
| Operating margin | - | - | - | - | - | - | - | - | 14.6% | 14.6% |
| Net margin | 18.6% | 13.9% | 16.4% | 18.3% | 17.3% | 12.8% | 12.8% | 14.2% | 9.1% | 9.3% |
| Free cash flow margin | 23.6% | 17.9% | 24.7% | 21.0% | 20.5% | -31.0% | -24.9% | -32.6% | -0.2% | 6.7% |
| Return on equity | 18.9% | 14.1% | 16.1% | 16.2% | 15.3% | 6.4% | 9.3% | 11.3% | 9.6% | 10.5% |
| Return on assets | 14.2% | 10.5% | 12.1% | 12.6% | 9.9% | 3.5% | 5.2% | 7.5% | 7.7% | 8.3% |
| Current ratio | 0.86 | 0.62 | 0.61 | 0.76 | 0.60 | 0.67 | 1.00 | 0.79 | 1.17 | 1.12 |
| Debt to equity | - | - | 0.01 | - | 0.15 | - | - | - | - | 0.11 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $146.26M | $142.60M | $136.55M | $140.00M | $142.81M | $136.91M | $125.39M | $134.51M | $137.87M | $128.14M | $121.66M | $128.19M |
| Gross profit | $41.27M | $38.62M | $34.95M | $29.11M | $38.17M | $34.90M | $25.32M | $3.90M | $35.28M | $29.51M | $23.81M | $25.38M |
| Selling, general and admin | $29.00M | $28.56M | $27.75M | $27.89M | $27.51M | $26.79M | $27.19M | $27.84M | $27.18M | $26.20M | $27.07M | $28.66M |
| Pre-tax income | $42.10M | $39.37M | $35.54M | $29.76M | $38.75M | $35.29M | $25.63M | $4.15M | $35.13M | $29.30M | $23.82M | $25.49M |
| Income tax | $10.10M | $6.84M | $7.95M | $6.82M | $7.17M | $8.28M | $5.77M | -$63.0K | $7.53M | $6.62M | $5.54M | $7.29M |
| Net income | $32.01M | $32.52M | $27.59M | $22.94M | $31.58M | $27.01M | $19.86M | $4.21M | $27.60M | $22.68M | $18.27M | $18.20M |
| EPS, basic | $1.80 | $1.82 | $1.55 | $1.27 | $1.73 | $1.47 | $1.08 | $0.25 | $1.50 | $1.21 | $0.95 | $0.94 |
| EPS, diluted | $1.76 | $1.78 | $1.52 | $1.25 | $1.69 | $1.44 | $1.05 | $0.25 | $1.47 | $1.19 | $0.93 | $0.93 |
| Diluted shares | 18.1M | 18.3M | 18.2M | - | 18.7M | 18.7M | 18.8M | - | 18.7M | 19.1M | 19.7M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $137.41M | $138.26M | $120.13M | $96.47M | $107.64M | $71.59M | $75.09M | $58.76M | $39.38M | $33.51M | $39.48M | $43.36M |
| Receivables | $9.09M | $9.57M | $9.70M | $11.07M | $8.95M | $12.03M | $12.02M | $10.26M | $11.89M | $9.86M | $10.27M | $11.99M |
| Inventory | $7.95M | $8.30M | $8.34M | $9.09M | $8.48M | $8.37M | $8.26M | $9.30M | $7.66M | $8.10M | $7.37M | $7.61M |
| Current assets | $166.06M | $168.85M | $146.88M | $129.25M | $134.01M | $102.54M | $103.31M | $90.42M | $68.33M | $60.96M | $66.46M | $74.97M |
| Goodwill | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M | $25.11M |
| Total assets | $736.06M | $741.16M | $725.17M | $712.85M | $725.38M | $705.79M | $712.09M | $691.58M | $671.14M | $672.38M | $677.26M | $680.87M |
| Current liabilities | $142.25M | $139.85M | $150.57M | $150.20M | $140.24M | $139.52M | $149.30M | $146.46M | $120.10M | $136.07M | $130.17M | $123.37M |
| Long-term debt | - | - | - | - | - | - | - | - | - | - | - | $5.50M |
| Total debt | - | - | - | - | - | - | - | - | - | - | - | $5.50M |
| Total liabilities | $166.58M | $164.39M | $175.32M | $175.18M | $167.01M | $166.54M | $176.45M | $173.84M | $157.86M | $174.01M | $168.35M | $167.73M |
| Shareholders' equity | $569.47M | $576.77M | $549.85M | $537.67M | $558.38M | $539.25M | $535.63M | $517.75M | $513.28M | $498.37M | $508.91M | $513.14M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $50.80M | $30.73M | $48.51M | $38.14M | $56.02M | $34.13M | $36.46M | $37.80M | $40.32M | $24.31M | $38.29M | $38.64M |
| Capital expenditures | $8.94M | $5.15M | $5.55M | $5.92M | $2.48M | $8.10M | $19.82M | $11.56M | $4.90M | $13.35M | $17.62M | $16.84M |
| Free cash flow | $41.86M | $25.58M | $42.96M | $32.21M | $53.55M | $26.02M | $16.64M | $26.24M | $35.42M | $10.95M | $20.66M | $21.80M |
| Investing cash flow | -$9.73M | -$4.87M | -$7.49M | -$3.34M | -$5.45M | -$12.36M | -$16.03M | -$9.40M | -$3.72M | -$12.78M | -$17.88M | -$16.61M |
| Financing cash flow | -$41.92M | -$7.72M | -$17.37M | -$45.97M | -$14.53M | -$25.27M | -$4.10M | -$9.02M | -$30.73M | -$17.50M | -$24.28M | -$12.59M |
| Dividends paid | $5.29M | $5.38M | $5.36M | $5.36M | $5.50M | $5.50M | $5.54M | $5.52M | $5.51M | $5.55M | $5.68M | $5.73M |
| Share repurchases | $37.39M | -$212.0K | $17.73M | $41.41M | $11.31M | - | - | -$63.0K | $9.68M | $30.78M | $19.57M | - |
| Stock-based compensation | $2.62M | $2.12M | $1.95M | $2.32M | $2.08M | $1.88M | $2.13M | $2.27M | $2.04M | $1.77M | $1.78M | $2.22M |
| Depreciation and amortization | $10.82M | $10.66M | $10.47M | $13.18M | $14.06M | $13.57M | $13.21M | $13.37M | $13.10M | $12.40M | $12.49M | $12.14M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 2.4% | 4.2% | 8.9% | 4.1% | 3.6% | 6.8% | 3.1% | 4.9% | 3.7% | 3.6% | 4.3% | 6.3% |
| Net income growth, YoY | 1.4% | 20.4% | 38.9% | 444.9% | 14.4% | 19.1% | 8.7% | -76.9% | 14.2% | 1.2% | 3.4% | -18.9% |
| EPS growth, YoY | 4.1% | 23.6% | 44.8% | 400.0% | 15.0% | 21.0% | 12.9% | -73.1% | 19.5% | 4.4% | 3.3% | -19.1% |
| Gross margin | 28.2% | 27.1% | 25.6% | 20.8% | 26.7% | 25.5% | 20.2% | 2.9% | 25.6% | 23.0% | 19.6% | 19.8% |
| Net margin | 21.9% | 22.8% | 20.2% | 16.4% | 22.1% | 19.7% | 15.8% | 3.1% | 20.0% | 17.7% | 15.0% | 14.2% |
| Free cash flow margin | 28.6% | 17.9% | 31.5% | 23.0% | 37.5% | 19.0% | 13.3% | 19.5% | 25.7% | 8.5% | 17.0% | 17.0% |
| Current ratio | 1.17 | 1.21 | 0.98 | 0.86 | 0.96 | 0.73 | 0.69 | 0.62 | 0.57 | 0.45 | 0.51 | 0.61 |
| Debt to equity | - | - | - | - | - | - | - | - | - | - | - | 0.01 |
Source: XBRL data Monarch Casino & Resort Inc. files with the SEC, latest filing dated Oct 30, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| MCRI | $565.41M | +4.8% | $115.06M | 20.4% | $1.94B |
| MAR | $27.42B | +5.8% | $2.65B | 9.7% | $110.28B |
| HLT | $12.69B | +8.1% | $1.70B | 13.4% | $84.50B |
| IHG | $5.19B | +5.4% | $758.00M | 14.6% | $26.63B |
| LVS | $13.60B | +10.9% | $1.61B | 11.8% | $25.59B |
| H | $7.11B | +2.8% | $188.00M | 2.6% | $17.89B |
| HTHT | CN¥25.31B | +5.9% | CN¥5.08B | 20.1% | $15.58B |
| LTH | $3.29B | +13.0% | $418.95M | 12.7% | $10.65B |
| WYNN | $7.27B | +2.2% | $377.87M | 5.2% | $8.95B |