Monarch Reports Q4 Revenue of $140M, a Record High
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2026
0mins
Should l Buy MCRI?
Reports Q4 revenue $140M, consensus $139.39M. John Farahi, co-chairman and CEO of Monarch, commented: "With all-time high fourth quarter financial results, we delivered another record year in 2025. Fourth quarter net revenue and adjusted EBITDA increased year-over-year by 4.1% and 9.6%, respectively. Fourth quarter adjusted EBITDA margin increased by approximately 185 basis points from 35.1% in the fourth quarter of 2024 to a record fourth quarter margin of 37.0%. Full year 2025 adjusted EBITDA margin increased by approximately 197 basis points from 34.5% in 2024 to a record 36.5% in 2025."
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Analyst Views on MCRI
Wall Street analysts forecast MCRI stock price to rise
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 97.730
Low
91.00
Averages
100.00
High
112.00
Current: 97.730
Low
91.00
Averages
100.00
High
112.00
About MCRI
Monarch Casino & Resort, Inc. owns and operates the Monarch Casino Resort Spa Black Hawk (Monarch Black Hawk) in Black Hawk, Colorado, and the Atlantis Casino Resort Spa (Atlantis), a hotel/casino facility in Reno, Nevada. The Monarch Black Hawk features approximately 60,000 square feet of casino space; approximately 1,000 slot machines; approximately 43 table games; a live poker room; a keno counter and a sports book. The resort also includes 10 bars and lounges. The Atlantis is located approximately three miles south of downtown, which features approximately 61,000 square feet of casino space; 817 guest rooms and suites; eight food outlets; two gourmet coffee and pastry bars and one snack bar; a 30,000 square-foot health spa and salon with an enclosed year-round pool. In addition, it owns separate parcels of land located next to the Atlantis and a parcel of land with an industrial warehouse located between Denver, Colorado, and Monarch Black Hawk.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Gaming Industry Faces Pressure and Opportunities Amid Economic Challenges
- Consumer Spending Pressure: Strained consumer discretionary spending due to inflation and rising costs is limiting casino visitation and online betting activity, directly impacting revenue growth, particularly in regional markets reliant on local spending.
- Increased Regulatory Pressure: The U.S. gaming industry faces heightened regulatory scrutiny and higher tax burdens, with many state governments imposing stricter compliance requirements and tax rates to boost public revenues, compressing operator margins and increasing operational costs.
- Macau Revenue Growth: Macau's gaming revenues reached MOP 20.6 billion ($2.56 billion) in February 2026, reflecting a 4.5% year-over-year increase, despite a decline from January's MOP 22.6 billion, indicating signs of market recovery amidst challenges.
- Sports Betting Driving Growth: The legalization of sports betting across multiple states has driven industry growth, with consumers benefiting from the convenience of placing wagers via digital platforms, which is expected to further enhance the performance of related companies.
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Monarch Casino Declares Quarterly Dividend
- Quarterly Dividend Declaration: Monarch Casino & Resort (MCRI) has declared a quarterly dividend of $0.30 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Dividend Yield: The forward yield of 1.27% reflects the company's attractiveness in the current market environment, potentially appealing to investors seeking stable returns.
- Payment Schedule: The dividend is payable on March 16, with a record date of March 2 and an ex-dividend date also set for March 2, ensuring shareholders receive their earnings promptly.
- Financial Health: The dividend distribution aligns with Monarch's historical earnings data, demonstrating the company's ongoing ability to maintain shareholder returns and enhancing market confidence in its future performance.
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Monarch Casino Q4 Earnings Report Analysis
- Earnings Performance: Monarch Casino & Resort reported a GAAP EPS of $1.25 for Q4, missing expectations by $0.12, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company achieved revenue of $140 million in Q4, reflecting a 4.1% year-over-year increase and surpassing market expectations by $0.61 million, demonstrating resilience in a competitive market.
- Valuation Analysis: Despite revenue growth, analysts suggest that Monarch Casino's valuation is nearly fair, indicating limited upside potential for future stock price appreciation, which may affect long-term investor sentiment.
- Market Reaction: The earnings miss may dampen market confidence in the company's future performance, prompting investors to closely monitor subsequent strategic adjustments and market developments.
See More
Monarch Casino & Resort (MCRI) Stock Oversold with RSI at 28.2
- Oversold Signal: Monarch Casino & Resort, Inc. has an RSI of 28.2, indicating it is in oversold territory below the 30 threshold, suggesting that the recent heavy selling may be nearing exhaustion and providing potential buying opportunities for investors.
- Dividend Yield: With a recent share price of $90.33, MCRI's annualized dividend of $1.2 translates to an annual yield of 1.33%, making it attractive for income-seeking investors, especially in light of the declining stock price.
- Market Comparison: MCRI's RSI is significantly lower than the average RSI of 55.8 for dividend stocks covered by Dividend Channel, indicating that its stock price may be undervalued and could attract more value investors.
- Investor Strategy: Given the current oversold condition, investors should examine MCRI's dividend history to assess the sustainability of future dividends, enabling more informed investment decisions.
See More
Monarch Casino & Resort, Inc. Growth Thesis Highlights Operational Excellence and Market Positioning
- Operational Model Advantage: Monarch Casino enhances customer experience through its 'play, stay, and service' model, integrating full-service casinos, upscale hotels, and diverse dining options to attract new visitors and foster loyalty.
- Strong Financial Performance: As of January 13, MCRI's share price stood at $91.99, with trailing and forward P/E ratios of 21.05 and 15.41 respectively, indicating solid profitability and growth potential.
- Continuous Investment Strategy: The company’s ongoing reinvestment in slot products, hotel upgrades, and dining enhancements drives organic growth and reinforces its competitive edge, ensuring optimized pricing during varying demand periods.
- Market Diversification: MCRI's two complementary properties in Nevada and Colorado balance destination resort appeal with high-frequency customer traffic, enhancing the diversity of its customer base.
See More
Monarch Casino & Resort Achieves 23% ROCE, Outperforming Industry Average
- Significant ROCE Improvement: Monarch Casino & Resort has achieved a Return on Capital Employed (ROCE) of 23%, significantly exceeding the hospitality industry average of 11%, indicating enhanced efficiency in capital utilization that may attract more investor interest.
- Growing Return Trend: Over the past five years, while capital employed has remained relatively flat, ROCE has surged by 516%, demonstrating that the company is beginning to reap the benefits of its past investments, thereby enhancing its potential for future growth.
- Substantial Shareholder Returns: The company has delivered a remarkable 71% return to shareholders over the last five years, reflecting not only improved profitability but also increased market confidence in its future performance.
- Future Investment Potential: Despite the impressive current ROCE, the lack of significant growth in capital employed may suggest limited internal investment opportunities ahead, necessitating close attention to how the company balances efficiency with growth prospects.
See More
Gaming Industry Faces Pressure and Opportunities Amid Economic Challenges
- Consumer Spending Pressure: Strained consumer discretionary spending due to inflation and rising costs is limiting casino visitation and online betting activity, directly impacting revenue growth, particularly in regional markets reliant on local spending.
- Increased Regulatory Pressure: The U.S. gaming industry faces heightened regulatory scrutiny and higher tax burdens, with many state governments imposing stricter compliance requirements and tax rates to boost public revenues, compressing operator margins and increasing operational costs.
- Macau Revenue Growth: Macau's gaming revenues reached MOP 20.6 billion ($2.56 billion) in February 2026, reflecting a 4.5% year-over-year increase, despite a decline from January's MOP 22.6 billion, indicating signs of market recovery amidst challenges.
- Sports Betting Driving Growth: The legalization of sports betting across multiple states has driven industry growth, with consumers benefiting from the convenience of placing wagers via digital platforms, which is expected to further enhance the performance of related companies.
See More
Monarch Casino Declares Quarterly Dividend
- Quarterly Dividend Declaration: Monarch Casino & Resort (MCRI) has declared a quarterly dividend of $0.30 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Dividend Yield: The forward yield of 1.27% reflects the company's attractiveness in the current market environment, potentially appealing to investors seeking stable returns.
- Payment Schedule: The dividend is payable on March 16, with a record date of March 2 and an ex-dividend date also set for March 2, ensuring shareholders receive their earnings promptly.
- Financial Health: The dividend distribution aligns with Monarch's historical earnings data, demonstrating the company's ongoing ability to maintain shareholder returns and enhancing market confidence in its future performance.
See More
Monarch Casino Q4 Earnings Report Analysis
- Earnings Performance: Monarch Casino & Resort reported a GAAP EPS of $1.25 for Q4, missing expectations by $0.12, indicating pressure on profitability that could affect investor confidence.
- Revenue Growth: The company achieved revenue of $140 million in Q4, reflecting a 4.1% year-over-year increase and surpassing market expectations by $0.61 million, demonstrating resilience in a competitive market.
- Valuation Analysis: Despite revenue growth, analysts suggest that Monarch Casino's valuation is nearly fair, indicating limited upside potential for future stock price appreciation, which may affect long-term investor sentiment.
- Market Reaction: The earnings miss may dampen market confidence in the company's future performance, prompting investors to closely monitor subsequent strategic adjustments and market developments.
See More
Monarch Casino & Resort (MCRI) Stock Oversold with RSI at 28.2
- Oversold Signal: Monarch Casino & Resort, Inc. has an RSI of 28.2, indicating it is in oversold territory below the 30 threshold, suggesting that the recent heavy selling may be nearing exhaustion and providing potential buying opportunities for investors.
- Dividend Yield: With a recent share price of $90.33, MCRI's annualized dividend of $1.2 translates to an annual yield of 1.33%, making it attractive for income-seeking investors, especially in light of the declining stock price.
- Market Comparison: MCRI's RSI is significantly lower than the average RSI of 55.8 for dividend stocks covered by Dividend Channel, indicating that its stock price may be undervalued and could attract more value investors.
- Investor Strategy: Given the current oversold condition, investors should examine MCRI's dividend history to assess the sustainability of future dividends, enabling more informed investment decisions.
See More
Monarch Casino & Resort, Inc. Growth Thesis Highlights Operational Excellence and Market Positioning
- Operational Model Advantage: Monarch Casino enhances customer experience through its 'play, stay, and service' model, integrating full-service casinos, upscale hotels, and diverse dining options to attract new visitors and foster loyalty.
- Strong Financial Performance: As of January 13, MCRI's share price stood at $91.99, with trailing and forward P/E ratios of 21.05 and 15.41 respectively, indicating solid profitability and growth potential.
- Continuous Investment Strategy: The company’s ongoing reinvestment in slot products, hotel upgrades, and dining enhancements drives organic growth and reinforces its competitive edge, ensuring optimized pricing during varying demand periods.
- Market Diversification: MCRI's two complementary properties in Nevada and Colorado balance destination resort appeal with high-frequency customer traffic, enhancing the diversity of its customer base.
See More
Monarch Casino & Resort Achieves 23% ROCE, Outperforming Industry Average
- Significant ROCE Improvement: Monarch Casino & Resort has achieved a Return on Capital Employed (ROCE) of 23%, significantly exceeding the hospitality industry average of 11%, indicating enhanced efficiency in capital utilization that may attract more investor interest.
- Growing Return Trend: Over the past five years, while capital employed has remained relatively flat, ROCE has surged by 516%, demonstrating that the company is beginning to reap the benefits of its past investments, thereby enhancing its potential for future growth.
- Substantial Shareholder Returns: The company has delivered a remarkable 71% return to shareholders over the last five years, reflecting not only improved profitability but also increased market confidence in its future performance.
- Future Investment Potential: Despite the impressive current ROCE, the lack of significant growth in capital employed may suggest limited internal investment opportunities ahead, necessitating close attention to how the company balances efficiency with growth prospects.
See More
