Monarch Casino & Resort, Inc. (MCRI) Income Statement Analysis

See more : 99 Acquisition Group Inc. Warrant (NNAGW) Income Statement Analysis – Financial Results

Complete financial analysis of Monarch Casino & Resort, Inc. (MCRI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Monarch Casino & Resort, Inc., a leading company in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector.

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Monarch Casino & Resort, Inc. (MCRI)

Industry: Gambling, Resorts & Casinos

Sector: Consumer Cyclical

Website: https://www.monarchcasino.com

About Monarch Casino & Resort, Inc.

Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. The company also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As of December 31, 2021, its Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 818 guest rooms and suites; 8 food outlets; 2 gourmet coffee and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space. The company's Atlantis Casino Resort Spa also featured approximately 1,400 slot and video poker machines; approximately 37 table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge; and a poker room. In addition, its Monarch Casino Resort Spa Black Hawk featured approximately 60,000 square feet of casino space; approximately 1,100 slot machines; approximately 40 table games; 10 bars and lounges; 4 dining options; 516 guest rooms and suites; banquet and meeting room space; a retail store; a concierge lounge; an upscale spa and pool facility; and a nine-story parking structure with approximately 1,350 spaces, as well as valet parking with a total parking capacity to approximately 1,500 spaces. The company was founded in 1972 and is based in Reno, Nevada.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Revenue	501.48M	477.87M	395.38M	184.41M	249.17M	240.32M	230.73M	217.03M	202.25M	187.77M	188.75M	170.36M	140.63M	142.03M	133.73M	141.37M	159.86M	151.97M	139.78M	129.46M	115.95M	111.04M	104.52M	96.96M	78.87M	62.50M	59.10M	53.60M	53.40M	36.40M	27.20M
Cost of Revenue	232.30M	218.28M	177.72M	84.71M	122.29M	117.06M	112.21M	105.24M	98.97M	92.53M	89.22M	80.34M	66.85M	66.42M	62.86M	65.63M	66.05M	63.50M	59.82M	58.58M	55.28M	53.08M	52.64M	51.60M	43.64M	31.80M	29.90M	28.20M	28.30M	21.40M	16.50M
Gross Profit	269.18M	259.59M	217.66M	99.70M	126.87M	123.26M	118.52M	111.79M	103.28M	95.24M	99.52M	90.02M	73.78M	75.61M	70.88M	75.74M	93.80M	88.47M	79.96M	70.88M	60.67M	57.96M	51.87M	45.37M	35.23M	30.70M	29.20M	25.40M	25.10M	15.00M	10.70M
Gross Profit Ratio	53.68%	54.32%	55.05%	54.06%	50.92%	51.29%	51.37%	51.51%	51.06%	50.72%	52.73%	52.84%	52.46%	53.23%	53.00%	53.57%	58.68%	58.21%	57.20%	54.75%	52.32%	52.20%	49.63%	46.79%	44.67%	49.12%	49.41%	47.39%	47.00%	41.21%	39.34%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.48K	106.48K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	96.82M	88.50M	75.13M	55.90M	64.31M	60.90M	57.52M	52.33M	49.58M	47.79M	47.23M	50.53M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	9.00M	9.10M	9.30M	4.50M	5.00M	4.90M	5.20M	5.40M	5.20M	5.20M	5.20M	4.70M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	105.82M	97.60M	84.43M	60.40M	69.31M	65.80M	62.72M	57.73M	54.78M	52.99M	52.43M	55.23M	50.63M	48.30M	47.87M	51.16M	49.97M	46.31M	38.51M	34.98M	32.66M	30.44M	27.66M	25.54M	23.33M	17.30M	16.00M	15.20M	14.80M	11.90M	5.10M
Other Expenses	53.20M	50.55M	43.36M	24.04M	17.99M	14.62M	15.13M	14.84M	15.93M	19.69M	16.64M	16.65M	13.38M	13.28M	13.87M	9.89M	8.14M	8.56M	8.38M	9.63M	10.80M	10.32M	10.09M	10.28M	7.92M	4.60M	4.30M	4.10M	4.00M	2.70M	1.70M
Operating Expenses	159.02M	148.15M	127.78M	84.43M	87.30M	80.42M	77.85M	72.57M	70.71M	72.68M	69.07M	71.88M	64.01M	61.58M	61.73M	61.05M	58.11M	54.98M	46.89M	44.61M	43.46M	40.76M	37.74M	35.82M	31.25M	21.90M	20.30M	19.30M	18.80M	14.60M	6.80M
Cost & Expenses	391.33M	366.43M	305.50M	169.14M	209.59M	197.48M	190.06M	177.81M	169.68M	165.21M	158.29M	152.22M	130.86M	128.00M	124.59M	126.68M	124.17M	118.48M	106.72M	103.18M	98.74M	93.84M	90.38M	87.41M	74.88M	53.70M	50.20M	47.50M	47.10M	36.00M	23.30M
Interest Income	0.00	2.42M	4.51M	473.00K	1.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	124.66K	370.63K	1.93M	466.05K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	1.63M	2.42M	4.51M	273.00K	1.00K	177.00K	967.00K	616.00K	679.00K	1.10M	1.86M	2.02M	914.31K	1.46M	2.10M	538.68K	152.27K	97.72K	1.01M	1.45M	1.61M	3.93M	7.24M	8.16M	0.00	2.20M	0.00	3.60M	4.10M	2.30M	2.00M
Depreciation & Amortization	47.29M	43.44M	38.41M	17.32M	14.88M	14.62M	15.13M	14.84M	15.93M	17.82M	16.64M	16.65M	13.38M	13.28M	12.50M	9.91M	8.29M	8.60M	8.52M	9.80M	10.98M	10.50M	10.26M	10.28M	7.92M	4.60M	4.30M	4.10M	4.00M	2.70M	1.70M
EBITDA	157.45M	154.88M	128.29M	32.60M	54.45M	57.44M	55.80M	54.06M	48.50M	40.39M	47.09M	34.79M	23.15M	27.31M	21.77M	24.95M	43.97M	42.09M	41.59M	36.08M	28.19M	27.70M	24.40M	19.83M	11.72M	12.70M	13.20M	10.20M	10.30M	3.10M	5.60M
EBITDA Ratio	31.40%	32.41%	32.45%	17.68%	21.85%	23.91%	24.19%	24.91%	23.98%	21.51%	24.95%	20.42%	16.46%	19.23%	16.28%	17.40%	27.51%	27.70%	29.75%	27.97%	25.20%	25.15%	23.34%	20.45%	15.32%	23.04%	22.34%	21.46%	19.29%	8.79%	21.32%
Operating Income	110.15M	111.44M	89.88M	15.27M	39.58M	42.83M	40.67M	38.55M	32.56M	22.22M	30.46M	15.98M	9.77M	14.03M	9.14M	14.69M	35.69M	33.49M	33.07M	26.27M	17.21M	17.20M	14.13M	9.55M	3.98M	8.80M	8.90M	6.10M	6.30M	400.00K	3.90M
Operating Income Ratio	21.97%	23.32%	22.73%	8.28%	15.88%	17.82%	17.63%	17.76%	16.10%	11.83%	16.14%	9.38%	6.95%	9.88%	6.84%	10.39%	22.32%	22.04%	23.66%	20.30%	14.84%	15.49%	13.52%	9.85%	5.05%	14.08%	15.06%	11.38%	11.80%	1.10%	14.34%
Total Other Income/Expenses	-1.63M	-2.42M	-4.51M	-273.00K	1.00K	-177.00K	-967.00K	-616.00K	-679.00K	-1.10M	-1.86M	-4.18M	-914.31K	-1.46M	-1.98M	-168.05K	1.78M	-831.67K	-1.01M	-1.58M	-2.64M	-4.16M	-7.24M	-8.16M	-4.74M	-2.40M	-3.20M	-4.80M	-3.90M	-1.80M	-2.10M
Income Before Tax	108.53M	109.02M	85.37M	15.00M	39.58M	42.65M	39.70M	37.93M	31.88M	21.12M	28.59M	13.96M	8.86M	12.58M	7.16M	14.52M	37.46M	33.86M	32.06M	24.69M	14.57M	13.03M	6.89M	1.39M	-944.54K	5.70M	5.70M	1.30M	2.40M	-1.40M	1.80M
Income Before Tax Ratio	21.64%	22.81%	21.59%	8.13%	15.88%	17.75%	17.21%	17.48%	15.76%	11.25%	15.15%	8.19%	6.30%	8.85%	5.36%	10.27%	23.44%	22.28%	22.93%	19.07%	12.57%	11.74%	6.59%	1.43%	-1.20%	9.12%	9.64%	2.43%	4.49%	-3.85%	6.62%
Income Tax Expense	26.08M	21.54M	16.88M	-8.68M	7.76M	8.55M	14.16M	13.36M	11.22M	6.93M	10.63M	5.05M	3.18M	4.34M	2.32M	4.98M	12.98M	11.78M	11.02M	8.16M	4.97M	4.43M	2.29M	425.43K	-359.67K	1.90M	2.00M	500.00K	800.00K	-700.00K	1.30M
Net Income	82.45M	87.48M	68.49M	23.68M	31.82M	34.10M	25.54M	24.57M	20.66M	14.19M	17.96M	8.91M	5.68M	8.24M	4.84M	9.54M	24.48M	22.08M	21.04M	16.53M	9.61M	8.60M	4.60M	960.08K	-584.87K	3.80M	3.50M	800.00K	1.60M	-700.00K	500.00K
Net Income Ratio	16.44%	18.31%	17.32%	12.84%	12.77%	14.19%	11.07%	11.32%	10.21%	7.55%	9.52%	5.23%	4.04%	5.80%	3.62%	6.75%	15.31%	14.53%	15.05%	12.77%	8.28%	7.75%	4.40%	0.99%	-0.74%	6.08%	5.92%	1.49%	3.00%	-1.92%	1.84%
EPS	4.28	4.61	3.68	1.30	1.77	1.91	1.45	1.42	1.22	0.85	1.10	0.55	0.35	0.51	0.30	0.56	1.28	1.16	1.12	0.88	0.51	0.46	0.25	0.05	-0.03	0.20	0.19	0.05	0.08	-0.04	0.03
EPS Diluted	4.20	4.47	3.53	1.25	1.70	1.84	1.39	1.39	1.19	0.83	1.06	0.55	0.35	0.51	0.30	0.56	1.27	1.15	1.10	0.88	0.51	0.45	0.25	0.05	-0.03	0.20	0.19	0.05	0.08	-0.04	0.03
Weighted Avg Shares Out	19.24M	19.00M	18.62M	18.22M	18.03M	17.85M	17.59M	17.31M	16.95M	16.73M	16.30M	16.14M	16.14M	16.13M	16.12M	16.96M	19.06M	18.99M	18.85M	18.76M	18.76M	18.92M	18.87M	18.87M	18.87M	18.87M	18.92M	19.00M	20.00M	17.50M	16.67M
Weighted Avg Shares Out (Dil)	19.62M	19.58M	19.43M	18.88M	18.68M	18.57M	18.37M	17.66M	17.34M	17.11M	16.94M	16.25M	16.23M	16.21M	16.16M	17.02M	19.33M	19.27M	19.09M	18.81M	18.82M	19.04M	18.96M	18.95M	18.87M	19.00M	18.92M	20.00M	20.00M	17.50M	16.67M

What Makes Monarch Casino (MCRI) a New Strong Buy Stock

August 22, 2024zacks.com

Monarch Casino (MCRI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Spa Monarch jumps two spots to #2 best spa in the nation, as voted on by USA Today readers

August 21, 2024globenewswire.com

This is the second consecutive year Spa Monarch has ranked in the top four! This is the second consecutive year Spa Monarch has ranked in the top four!

Are Investors Undervaluing Monarch Casino & Resort (MCRI) Right Now?

August 21, 2024zacks.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...

Is Monarch Casino & Resort (MCRI) Outperforming Other Consumer Discretionary Stocks This Year?

August 20, 2024zacks.com

Here is how Monarch Casino (MCRI) and Naspers Ltd. (NPSNY) have performed compared to their sector so far this year.

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August 15, 2024zacks.com

CNO and MCRI made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 15, 2024.

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NREF, MCRI and AXS made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 15, 2024.

IGT Partners with Monarch Casino & Resort Inc. for Sports Betting Expansion in Nevada and Colorado

August 5, 2024prnewswire.com

Atlantis Casino Resort Spa and Monarch Casino Resort Spa are the latest gaming venues to power retail and mobile sports betting with IGT PlaySports technology LONDON , Aug. 5, 2024 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today...