MARKETS / NASDAQ / MCRI

NASDAQ · HOTELS & MOTELS · LARGE CAP

Monarch Casino & Resort Inc. MCRI

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$545.1M

▲ 4.4% YoY

Net income

$101.4M

▲ 39.3% YoY

Free cash flow

$128.4M

▲ 37.7% YoY

In brief

What this company does

Monarch owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada, and the Monarch Casino Resort Spa Black Hawk, a hotel and casino in Black Hawk, Colorado. As of December 31, 2025, it employed approximately 2,740 employees across both properties. The Atlantis includes approximately 61,000 square feet of casino space, 817 guest rooms and suites, and approximately 52,000 square feet of banquet, convention and meeting room space. Its casino at the Atlantis includes approximately 1,200 slot and video poker machines and approximately 33 table games, including blackjack, craps and roulette, along with a race and sports book, a keno lounge and a poker room. Monarch Black Hawk includes approximately 60,000 square feet of casino space, approximately 1,000 slot machines and approximately 43 table games, along with a live poker room, a keno counter and a sports book. The resort offers 516 guest rooms and suites, banquet and meeting room space, a retail store, a concierge lounge and a spa and pool facility on the top floor of the tower. Monarch Casino & Resort, Inc. was incorporated in Nevada in 1993.

Written from the business description in MONARCH CASINO & RESORT, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 545.1M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 545.1 · Net income 101.4

Compound annual growth

Revenue

+4.5%

+24.2%

Net income

+5.0%

+33.8%

+17.2%

EPS, diluted

+6.7%

+34.1%

+16.4%

+17.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +24.2% a year over five years — but profit grew faster: net income at +33.8%, earnings per share at +34.1%.

The share count fell from 0.02B to 0.02B — the buyback concentrates the same profit into fewer slices.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

19 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 23.7% · Net 18.6%

ROE

FY2025 · ROE 19.2%

Gross margin23.4%

Operating margin23.7%

Net margin18.6%

Return on assets14.4%

EBITDAUSD 183.5M

Each USD of equity produced 19 cents of profit this year.

Cash & shareholders

USD 87.6M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 128.4

Net buybacks $M Dividends $M

FY2025 · Dividends 21.9 · Net buybacks 65.7

Dividends paidUSD 21.9M

Net buybacksUSD 65.7M

Share of profit86.4%

Consecutive raises—

USD 21.9M in dividends and USD 65.7M in buybacks — 86% of the year's profit went back to shareholders.

Total assetsUSD 712.8M

EquityUSD 537.7M

CashUSD 96.5M

Current ratio0.86×

Equity funds 75% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.5	0.5	0.5	0.5	0.4	0.2	0.2	0.2	0.3	0.3	·	·	·	·	·	·	·
Operating income $B	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EBITDA $B	0.2	0.1	0.2	0.2	0.1	0.0	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Free cash flow $B	0.1	0.1	0.1	0.1	0.1	−0.1	−0.1	−0.1	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
EPS, diluted $	5.43	3.84	4.20	4.47	3.53	1.25	1.70	1.83	1.39	1.39	1.19	0.83	1.06	0.55	0.35	0.51	0.30
Dividend / sh $	1.20	1.20	5.90	·	·	·	·	·	·	·	·	·	·	·	·	·	·
Payout %	22	31	137	·	·	·	·	·	·	·	·	·	·	·	·	·	·
ROE %	19.2	14.1	15.7	17.7	16.8	6.7	9.9	12.0	10.2	11.2	10.8	8.3	11.8	6.6	4.5	7.0	4.3
Shares out B	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 10 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityHotels & Motels

Listed onNASDAQ

Incorporated inNevada

Fiscal year endsDecember 31

Data on record since2009