MCRIMonarch Casino & Resort, Inc.
Is the business good?
A genuinely good business: 8 of 9 health tests passed, earnings fully cash-backed (1.5×), and margins widening.
High fundamental quality. Nine pass/fail tests of year-over-year health from the filings.
Operating profit is fully backed by cash. Conversion is worsening vs a year ago.
Positive operating leverage, operating profit is growing faster than sales, so margins widen as the business scales.
Margin-driven, fat margins on slower asset turns. ROE 18% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is MCRI?
Monarch Casino & Resort, Inc. keeps 25% of every revenue dollar as operating profit, against 15% for the median Resorts & Casinos name.
Operating margin · Resorts & Casinos median 15% · 12 months to Q2 2026
- Cash conversion
- 1.54×
Cash conversion · 1.91× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- −2.5%
Share count, year on year · bought back, each share owns more of the company
- Gross margin
- 25%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | 8.3% |
| FY2021 | 23% |
| FY2022 | 23% |
| FY2023 | 22% |
| FY2024 | 18% |
| FY2025 | 23% |
Details›
- Gross margin12 months to Q2 2026
- 25%
- Operating margin12 months to Q2 2026
- 25%
- Net margin12 months to Q2 2026
- 20%
- Free cash flow margin
- 27%
- Revenue, trailing twelve months
- $562M
- Free cash flow, trailing twelve months
- $154M
- Net income, trailing twelve months
- $115M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.