Monarch Casino & Resort, Inc. (MCRI) Key Metrics
MCRI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.04B
- Enterprise value
- $1.98B
- P/E (TTM)
- 18.2 10-yr median 20.7
- Forward P/E
- 16.9
- PEG ratio
- 1.07
- Price / sales
- 3.6 10-yr median 3.2
- Price / book
- 3.6 10-yr median 2.8
- EV / EBITDA
- 10.5 10-yr median 10.9
- Dividend yield
- 1.06% $1.20 a year
- Beta
- 1.41
MCRI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMCRI valuation Price multiples at each fiscal year-end price.
MCRI returns How much profit the business earns on the capital it uses.
MCRI per-share figures Results divided by the shares outstanding at year-end.
MCRI financial health Debt, liquidity and how easily interest is covered.
MCRI efficiency & capital use Working capital cycle and where the cash goes.
MCRI valuation history
MCRI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MCRI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MCRI cash returned to shareholders
MCRI price vs earnings per share
MCRI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $1.79B | $1.50B | $1.36B | $1.51B | $1.44B | $1.16B | $907.1M | $708.4M | $823.2M | $455.4M |
| Enterprise value | $1.72B | $1.45B | $1.33B | $1.49B | $1.51B | $1.32B | $1.04B | $772.5M | $820.3M | $455.2M |
| P/E ratio | 17.7 | 20.6 | 16.5 | 17.2 | 21.0 | 48.8 | 28.5 | 20.8 | 32.2 | 18.5 |
| Price / sales | 3.3 | 2.9 | 2.7 | 3.2 | 3.6 | 6.3 | 3.6 | 2.9 | 3.6 | 2.1 |
| Price / book | 3.3 | 2.9 | 2.6 | 2.8 | 3.2 | 3.1 | 2.7 | 2.4 | 3.1 | 1.9 |
| Price / free cash flow | 14.0 | 16.0 | 10.9 | 15.0 | 17.7 | — | — | — | — | 25.9 |
| Price / operating cash flow | 10.9 | 10.6 | 7.8 | 10.8 | 11.2 | 36.8 | 14.3 | 12.1 | 16.6 | 10.4 |
| EV / sales | 3.2 | 2.8 | 2.7 | 3.1 | 3.8 | 7.2 | 4.2 | 3.2 | 3.6 | 2.1 |
| EV / EBITDA | 9.3 | 10.1 | 8.5 | 9.6 | 11.7 | 40.6 | 19.1 | 13.4 | 14.7 | 8.4 |
| EV / free cash flow | 13.4 | 15.6 | 10.8 | 14.8 | 18.5 | — | — | — | — | 25.9 |
| Earnings yield | 5.7% | 4.9% | 6.1% | 5.8% | 4.8% | 2.0% | 3.5% | 4.8% | 3.1% | 5.4% |
| Free cash flow yield | 7.2% | 6.2% | 9.1% | 6.7% | 5.7% | −5.0% | −6.8% | −11.1% | −0.1% | 3.9% |
| Dividend yield | 1.2% | 1.5% | 8.3% | 0.7% | 0.5% | 0.1% | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 5.3% | 5.5% | 8.7% | 1.1% | 0.6% | 0.4% | — | — | 0.0% | 0.0% |
| Share price at fiscal year-end | $95.70 | $78.90 | $69.15 | $76.89 | $73.95 | $61.22 | $48.55 | $38.14 | $44.82 | $25.78 |
| Per share | ||||||||||
| Revenue per share | $29.10 | $27.53 | $25.56 | $24.41 | $20.35 | $9.77 | $13.34 | $12.94 | $12.56 | $12.29 |
| Earnings per share | $5.41 | $3.84 | $4.20 | $4.47 | $3.53 | $1.25 | $1.70 | $1.84 | $1.39 | $1.39 |
| Operating cash flow per share | $8.79 | $7.42 | $8.82 | $7.14 | $6.59 | $1.67 | $3.39 | $3.16 | $2.69 | $2.48 |
| Free cash flow per share | $6.85 | $4.92 | $6.32 | $5.12 | $4.18 | −$3.03 | −$3.32 | −$4.22 | −$0.03 | $1.00 |
| Cash per share | $5.15 | $3.10 | $2.21 | $1.98 | $1.73 | $1.50 | $3.24 | $1.64 | $1.59 | $1.49 |
| Book value per share | $28.70 | $27.29 | $26.16 | $27.53 | $23.06 | $19.50 | $18.26 | $16.22 | $14.51 | $13.24 |
| Tangible book value per share | $27.26 | $25.95 | $24.86 | $26.23 | $21.74 | $18.12 | $16.84 | $14.72 | $12.93 | $11.53 |
| Dividends per share | $1.17 | $1.17 | $5.75 | $0.50 | $0.38 | $0.04 | — | — | $0.00 | $0.00 |
| Capex per share | $1.94 | $2.50 | $2.50 | $2.02 | $2.42 | $4.70 | $6.71 | $7.38 | $2.72 | $1.48 |
| Debt per share | $1.37 | $0.74 | $1.04 | $1.05 | $5.27 | $10.30 | $10.46 | $5.09 | $1.43 | $1.48 |
| Shares outstanding | 18.7M | 19.0M | 19.6M | 19.6M | 19.4M | 18.9M | 18.7M | 18.6M | 18.4M | 17.7M |
| Change in shares outstanding | −1.2% | −3.3% | +0.2% | +0.8% | +2.9% | +1.0% | +0.6% | +1.1% | +4.0% | +1.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 19.2% | 14.1% | 15.7% | 17.7% | 16.8% | 6.7% | 9.9% | 12.0% | 10.2% | 11.2% |
| Return on invested capital (ROIC) | 22.8% | 15.1% | 16.6% | 17.2% | 13.7% | 3.0% | 7.6% | 10.9% | 10.5% | 10.9% |
| Return on assets (ROA) | 14.4% | 10.6% | 12.0% | 12.6% | 10.1% | 3.7% | 5.9% | 8.7% | 8.1% | 8.6% |
| Return on tangible assets | 14.8% | 10.9% | 12.6% | 13.1% | 10.3% | 3.7% | 5.4% | 8.0% | 8.4% | 9.3% |
| Free cash flow margin | 23.6% | 17.9% | 24.7% | 21.0% | 20.5% | −31.0% | −24.9% | −32.6% | −0.2% | 8.1% |
| Income quality (OCF / net income) | 1.62 | 1.93 | 2.10 | 1.60 | 1.87 | 1.33 | 1.99 | 1.72 | 1.94 | 1.78 |
| Financial health | ||||||||||
| Total debt | $25.6M | $14.1M | $20.4M | $20.6M | $102.4M | $194.5M | $195.4M | $94.5M | $26.2M | $26.2M |
| Cash & short-term investments | $96.5M | $58.8M | $43.4M | $38.8M | $33.5M | $28.3M | $60.5M | $30.5M | $29.2M | $26.4M |
| Net debt | −$70.9M | −$44.7M | −$22.9M | −$18.2M | $68.9M | $166.1M | $134.9M | $64.0M | −$3.0M | −$183,000 |
| Debt / equity | 0.05 | 0.03 | 0.04 | 0.04 | 0.23 | 0.53 | 0.57 | 0.31 | 0.10 | 0.11 |
| Debt / assets | 0.04 | 0.02 | 0.03 | 0.03 | 0.15 | 0.29 | 0.32 | 0.21 | 0.08 | 0.09 |
| Net debt / EBITDA | −0.38 | −0.31 | −0.15 | −0.12 | 0.54 | 5.10 | 2.48 | 1.11 | −0.05 | −0.00 |
| Current ratio | 0.86 | 0.62 | 0.61 | 0.76 | 0.60 | 0.67 | 1.00 | 0.79 | 1.17 | 1.12 |
| Quick ratio | 0.80 | 0.55 | 0.55 | 0.70 | 0.54 | 0.60 | 0.91 | 0.72 | 1.08 | 1.03 |
| Interest coverage | 70.5 | 889.5 | 67.8 | 46.1 | 19.9 | 55.9 | — | 242.0 | 42.1 | 62.6 |
| Working capital | −$20.9M | −$56.0M | −$48.4M | −$28.3M | −$57.1M | −$36.3M | −$310,000 | −$12.8M | $6.6M | $4.3M |
| Invested capital | $466.8M | $473.1M | $490.2M | $520.7M | $516.9M | $534.2M | $476.1M | $365.2M | $263.5M | $233.7M |
| Tangible asset value | $510.7M | $492.3M | $487.7M | $513.5M | $422.4M | $342.0M | $314.6M | $273.4M | $237.5M | $203.7M |
| Net current asset value | −$45.9M | −$83.4M | −$92.8M | −$64.6M | −$158.4M | −$230.7M | −$196.3M | −$107.3M | −$19.6M | −$21.9M |
| Graham number | $59.11 | $48.53 | $49.73 | $52.61 | $42.77 | $23.46 | $26.45 | $25.88 | $21.30 | $20.36 |
| Graham net-net per share | −$3.39 | −$5.36 | −$5.65 | −$4.37 | −$9.19 | −$14.26 | −$11.10 | −$6.27 | −$1.53 | −$1.66 |
| Capital allocation | ||||||||||
| Dividends paid | $21.9M | $22.3M | $112.8M | $9.8M | $7.4M | $668,000 | — | — | $0 | $0 |
| Share buybacks (net) | $72.7M | $60.0M | $5.0M | $6.5M | $730,000 | $4.4M | — | — | $0 | $0 |
| Dividend payout ratio | 21.6% | 30.6% | 136.8% | 11.2% | 10.8% | 2.8% | — | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 73.7% | 88.2% | 95.0% | 16.3% | 10.0% | — | — | — | — | 0.0% |
| Capex / revenue | 6.7% | 9.1% | 9.8% | 8.3% | 11.9% | 48.1% | 50.3% | 57.0% | 21.7% | 12.0% |
| Capex / operating cash flow | 22.0% | 33.7% | 28.3% | 28.2% | 36.6% | 282.0% | 198.2% | 233.3% | 101.1% | 59.7% |
| Capex / depreciation | 0.67 | 0.92 | 1.04 | 0.91 | 1.22 | 5.12 | 8.43 | 9.38 | 3.30 | 1.76 |
| Stock-based compensation / revenue | 1.5% | 1.5% | 1.5% | 1.1% | 1.0% | 2.1% | 3.3% | 2.3% | 3.1% | 0.8% |
| SG&A / revenue | 20.1% | 20.7% | 21.1% | 20.4% | 21.4% | 32.7% | 27.8% | 27.4% | 27.2% | 26.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 8.7 | 8.7 | 17.3 | 26.9 | 18.0 | 8.7 | 9.3 | 12.1 | 11.4 | 8.2 |
| Days of inventory on hand | 11.2 | 12.8 | 11.9 | 12.3 | 15.4 | 31.4 | 15.6 | 11.0 | 10.5 | 10.4 |
| Days payables outstanding | 83.2 | 48.6 | 29.5 | 27.6 | 31.0 | 78.0 | 53.3 | 30.2 | 27.5 | 26.8 |
| Cash conversion cycle (days) | -63.3 | -27.2 | -0.2 | 11.6 | 2.3 | -38.0 | -28.5 | -7.1 | -5.7 | -8.2 |
| Receivables turnover | 42.16 | 42.15 | 21.09 | 13.58 | 20.31 | 42.19 | 39.36 | 30.13 | 32.10 | 44.36 |
| Payables turnover | 4.39 | 7.50 | 12.39 | 13.23 | 11.76 | 4.68 | 6.84 | 12.09 | 13.28 | 13.61 |
| Inventory turnover | 32.54 | 28.55 | 30.62 | 29.66 | 23.72 | 11.64 | 23.46 | 33.32 | 34.89 | 35.21 |
| Asset turnover | 0.78 | 0.76 | 0.73 | 0.69 | 0.58 | 0.29 | 0.46 | 0.61 | 0.74 | 0.76 |
| Average receivables | $12.9M | $12.4M | $23.8M | $35.2M | $19.5M | $4.4M | $6.3M | $8.0M | $7.2M | $4.9M |
| Average payables | $68.2M | $32.2M | $18.8M | $16.5M | $15.1M | $18.1M | $17.9M | $9.7M | $8.5M | $7.7M |
| Average inventory | $9.2M | $8.5M | $7.6M | $7.4M | $7.5M | $7.3M | $5.2M | $3.5M | $3.2M | $3.0M |
| Intangibles / total assets | 3.8% | 3.7% | 3.7% | 3.7% | 3.7% | 3.9% | 4.3% | 6.1% | 8.7% | 10.2% |
Computed from MCRI's annual financial statements (latest annual report filed February 24, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MCRI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Monarch Casino & Resort traded at 17.7 times earnings, against a 10-year median of 20.7. Based on the latest twelve months, the trailing P/E is 18.2 and the forward P/E is 16.9. Monarch Casino & Resort earned a return on equity of 19.2% and a return on invested capital of 22.8% in fiscal 2025. It ended the year with $25.6 million of debt and $96.5 million in cash and short-term investments, a net cash position of $70.9 million. It returned $94.6 million to shareholders: $21.9 million in dividends and $72.7 million in share buybacks, 74% of free cash flow. The share count rose 6.1% from 17.7M to 18.7M over 9 years.
See the MCRI income statement, the MCRI chart for price history, or the MCRI stock overview for the latest quote and news.
MCRI key metrics FAQ
What is Monarch Casino & Resort's P/E ratio?
Monarch Casino & Resort's trailing P/E ratio is 18.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.9. At the end of fiscal 2025 it was 17.7, compared with a 10-year median of 20.7.
What is Monarch Casino & Resort's EV/EBITDA?
Monarch Casino & Resort's enterprise value was 9.3 times EBITDA at the end of fiscal 2025 (enterprise value $1.7 billion, EBITDA $185.4 million); the current EV/EBITDA is 10.5.
What is Monarch Casino & Resort's return on equity?
Monarch Casino & Resort's return on equity (ROE) was 19.2% in fiscal 2025: net income of $101.4 million on average shareholders' equity of $527.7 million.
What is Monarch Casino & Resort's ROIC?
Monarch Casino & Resort's return on invested capital was 22.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Monarch Casino & Resort have?
Monarch Casino & Resort had total debt of $25.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.05 and more cash than debt.
What is Monarch Casino & Resort's dividend yield?
Monarch Casino & Resort's forward dividend yield is 1.06%. Monarch Casino & Resort paid $21.9 million in dividends in fiscal 2025 ($1.17 per share), a payout ratio of 21.6%.
Does Monarch Casino & Resort buy back its shares?
Yes. Monarch Casino & Resort spent $72.7 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.2% over the year, to 18.7M..
What is Monarch Casino & Resort's free cash flow yield?
Monarch Casino & Resort generated $128.4 million of free cash flow in fiscal 2025, a free cash flow yield of 7.2% on its market value at year-end ($1.8 billion).
What is Monarch Casino & Resort's current ratio?
Monarch Casino & Resort's current ratio was 0.86 at the end of fiscal 2025: current assets were 0.86 times current liabilities.