Tearsheet

Monarch Casino & Resort (MCRI)


Market Price (5/30/2026): $120.55 | Market Cap: $2.2 Bil
Sector: Consumer Discretionary | Industry: Casinos & Gaming

Monarch Casino & Resort (MCRI)


Market Price (5/30/2026): $120.55
Market Cap: $2.2 Bil
Sector: Consumer Discretionary
Industry: Casinos & Gaming

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, FCF Yield is 7.2%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%

Low stock price volatility
Vol 12M is 32%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech, Experiential Retail, and Casino Gaming.

Trading close to highs
Dist 52W High is -0.4%, Dist 3Y High is -0.4%

Expensive valuation multiples
P/SPrice/Sales ratio is 3.9x

Key risks
MCRI key risks include [1] heightened regulatory and licensing exposure, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.1%, FCF Yield is 7.2%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 25%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%
3 Low stock price volatility
Vol 12M is 32%
4 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech, Experiential Retail, and Casino Gaming.
5 Trading close to highs
Dist 52W High is -0.4%, Dist 3Y High is -0.4%
6 Expensive valuation multiples
P/SPrice/Sales ratio is 3.9x
7 Key risks
MCRI key risks include [1] heightened regulatory and licensing exposure, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 5/1/2026
Monarch Casino & Resort (MCRI) stock has gained about 30% since 1/31/2026 because of the following key factors:

1. Strong First Quarter 2026 Earnings Beat.

Monarch Casino & Resort (MCRI) reported Q1 2026 earnings on April 21, 2026, significantly surpassing analyst expectations. The company announced earnings of $1.52 per share, beating estimates of $1.17 by $0.35, representing a 30% beat. Revenue also exceeded projections, reaching $136.55 million against estimates of $131.06 million. This performance marked an 8.9% year-over-year increase in net revenue and a 19.0% rise in adjusted EBITDA, with the adjusted EBITDA margin improving by approximately 300 basis points to a record 35.8% for the quarter.

2. Upward Revisions in Analyst Price Targets and Ratings.

Following the robust Q1 2026 results, multiple financial analysts adjusted their outlook for MCRI. Truist Financial, for instance, increased its price objective from $120.00 to $125.00, maintaining a "buy" rating. Wells Fargo & Company raised its target price from $97.00 to $99.00, and Stifel Nicolaus increased its price objective from $97.00 to $102.00. Additionally, Wall Street Zen upgraded Monarch Casino & Resort from a "hold" to a "buy" rating.

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Stock Movement Drivers

Fundamental Drivers

The 31.8% change in MCRI stock from 1/31/2026 to 5/29/2026 was primarily driven by a 28.1% change in the company's Net Income Margin (%).
(LTM values as of)13120265292026Change
Stock Price ($)91.24120.2631.8%
Change Contribution By: 
Total Revenues ($ Mil)5405563.1%
Net Income Margin (%)15.3%19.6%28.1%
P/E Multiple20.219.7-2.6%
Shares Outstanding (Mil)18182.5%
Cumulative Contribution31.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/29/2026
ReturnCorrelation
MCRI31.8% 
Market (SPY)9.6%23.9%
Sector (XLY)-0.0%12.8%

Fundamental Drivers

The 34.4% change in MCRI stock from 10/31/2025 to 5/29/2026 was primarily driven by a 28.1% change in the company's Net Income Margin (%).
(LTM values as of)103120255292026Change
Stock Price ($)89.51120.2634.4%
Change Contribution By: 
Total Revenues ($ Mil)5405563.1%
Net Income Margin (%)15.3%19.6%28.1%
P/E Multiple19.819.7-0.8%
Shares Outstanding (Mil)18182.5%
Cumulative Contribution34.4%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/29/2026
ReturnCorrelation
MCRI34.4% 
Market (SPY)11.5%22.1%
Sector (XLY)1.2%16.5%

Fundamental Drivers

The 55.8% change in MCRI stock from 4/30/2025 to 5/29/2026 was primarily driven by a 40.8% change in the company's Net Income Margin (%).
(LTM values as of)43020255292026Change
Stock Price ($)77.21120.2655.8%
Change Contribution By: 
Total Revenues ($ Mil)5225566.5%
Net Income Margin (%)13.9%19.6%40.8%
P/E Multiple19.519.70.7%
Shares Outstanding (Mil)18183.1%
Cumulative Contribution55.8%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/29/2026
ReturnCorrelation
MCRI55.8% 
Market (SPY)38.0%25.9%
Sector (XLY)23.5%22.9%

Fundamental Drivers

The 81.6% change in MCRI stock from 4/30/2023 to 5/29/2026 was primarily driven by a 35.8% change in the company's P/E Multiple.
(LTM values as of)43020235292026Change
Stock Price ($)66.23120.2681.6%
Change Contribution By: 
Total Revenues ($ Mil)47855616.4%
Net Income Margin (%)18.3%19.6%7.2%
P/E Multiple14.519.735.8%
Shares Outstanding (Mil)19187.2%
Cumulative Contribution81.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/29/2026
ReturnCorrelation
MCRI81.6% 
Market (SPY)89.0%38.9%
Sector (XLY)67.5%40.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MCRI Return21%4%-3%16%23%27%121%
Peers Return76%-35%5%-14%-7%10%6%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
MCRI Win Rate42%42%42%50%75%60% 
Peers Win Rate57%35%47%48%55%56% 
S&P 500 Win Rate75%42%67%75%67%60% 

Max Drawdowns [4]
MCRI Max Drawdown-22%-42%-24%-13%-23%-7% 
Peers Max Drawdown-35%-50%-40%-32%-41%-22% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: BYD, RRR, CZR, PENN, FLL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/29/2026 (YTD)

How Low Can It Go

EventMCRIS&P 500
2025 US Tariff Shock
  % Loss-20.5%-18.8%
  % Gain to Breakeven25.8%23.1%
  Time to Breakeven100 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-17.1%-9.5%
  % Gain to Breakeven20.6%10.5%
  Time to Breakeven70 days24 days
2023 SVB Regional Banking Crisis
  % Loss-12.4%-6.7%
  % Gain to Breakeven14.1%7.1%
  Time to Breakeven296 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-26.0%-24.5%
  % Gain to Breakeven35.2%32.4%
  Time to Breakeven25 days427 days
2020 COVID-19 Crash
  % Loss-74.8%-33.7%
  % Gain to Breakeven297.6%50.9%
  Time to Breakeven254 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.4%-19.2%
  % Gain to Breakeven30.6%23.8%
  Time to Breakeven100 days105 days

Compare to BYD, RRR, CZR, PENN, FLL

In The Past

Monarch Casino & Resort's stock fell -20.5% during the 2025 US Tariff Shock. Such a loss loss requires a 25.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventMCRIS&P 500
2025 US Tariff Shock
  % Loss-20.5%-18.8%
  % Gain to Breakeven25.8%23.1%
  Time to Breakeven100 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-26.0%-24.5%
  % Gain to Breakeven35.2%32.4%
  Time to Breakeven25 days427 days
2020 COVID-19 Crash
  % Loss-74.8%-33.7%
  % Gain to Breakeven297.6%50.9%
  Time to Breakeven254 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-23.4%-19.2%
  % Gain to Breakeven30.6%23.8%
  Time to Breakeven100 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-26.5%-17.9%
  % Gain to Breakeven36.0%21.8%
  Time to Breakeven457 days123 days
2008-2009 Global Financial Crisis
  % Loss-84.9%-53.4%
  % Gain to Breakeven560.3%114.4%
  Time to Breakeven2765 days1085 days
Summer 2007 Credit Crunch
  % Loss-22.2%-8.6%
  % Gain to Breakeven28.5%9.5%
  Time to Breakeven14 days47 days

Compare to BYD, RRR, CZR, PENN, FLL

In The Past

Monarch Casino & Resort's stock fell -20.5% during the 2025 US Tariff Shock. Such a loss loss requires a 25.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Monarch Casino & Resort (MCRI)

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.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Monarch Casino & Resort:

  • A regional casino resort operator, like a smaller, high-quality version of MGM Resorts or Caesars Entertainment.

  • Think of it as a focused, upscale regional casino company, similar to a more premium version of Boyd Gaming.

AI Analysis | Feedback

  • Casino Gaming: Offers a variety of gambling options including slot machines, table games, poker rooms, race and sports books, and keno.
  • Lodging: Provides guest rooms and suites for accommodation at its resort properties.
  • Food & Beverage: Operates multiple dining establishments, bars, lounges, and coffee outlets for guests.
  • Spa & Wellness: Delivers health and beauty treatments through its spas and salons, along with access to pool facilities.
  • Meeting & Event Hosting: Provides banquet, convention, and meeting room spaces for various events and gatherings.
  • Retail: Sells clothing, gifts, and other merchandise through on-site retail stores.

AI Analysis | Feedback

Monarch Casino & Resort (MCRI) sells its services primarily to individuals.

The company serves the following categories of customers:

  1. Casino Patrons: Individuals who visit the properties primarily for gaming activities, including slot machines, video poker, table games (blackjack, craps, roulette), keno, poker, and sports betting.
  2. Leisure and Hospitality Guests: Individuals, couples, and families seeking vacation, relaxation, or entertainment, who utilize the company's hotel accommodations, spa services, dining options, pools, and other non-gaming amenities.
  3. Business and Event Attendees: Individuals and groups attending conventions, meetings, banquets, and other special events hosted at the resorts' extensive meeting and event facilities.

AI Analysis | Feedback

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AI Analysis | Feedback

John Farahi, Co-Chairman of the Board and Chief Executive Officer

John Farahi has served as Co-Chairman of the Board and Chief Executive Officer of Monarch Casino & Resort, Inc. since its inception in 1993, and of Golden Road, a direct wholly owned subsidiary, since June 1993. From 1973 until June 1993, he was President, Director, and General Manager of Golden Road. He, along with his brothers, was involved in helping their father build the business, which began with the purchase of a motel in Reno in 1972 that was later transformed into the Atlantis Casino Resort Spa. Mr. Farahi is also a partner in Farahi Investment Company (FIC), focusing on real estate investment and development. He holds a political science degree from California State University at Hayward and was appointed to the United States Holocaust Memorial Council in 2013 by President Barack Obama.

Bob Farahi, Co-Chairman of the Board and President

Bob Farahi has been Co-Chairman of the Board and President of Monarch Casino & Resort, Inc. since its inception in 1993, and of Golden Road since 1993. Prior to that, from 1973 until June 1993, he served as Vice President and a Director of Golden Road. He is one of the three Farahi brothers who helped their father establish the business starting in 1972 with the acquisition of a motel in Reno. Mr. Farahi holds a biochemistry degree from the University of California at Berkeley.

Dora Ditchev, Vice President of Finance

Dora Ditchev serves as the Vice President of Finance of Monarch Casino & Resort, Inc. No additional detailed background information is available in the provided search results.

Michelle Shriver, Corporate Vice President of Operations

Michelle Shriver joined Monarch Casino & Resort, Inc. as Corporate Vice President of Operations in August 2021, after having served as a consultant to the company since April 2021. She brings approximately 20 years of experience in the gaming and hospitality industry. Before joining Monarch, she was an executive management team member at Ameristar Casinos from 1996 to 2014, where she was responsible for the operations of eight regional casino resorts and oversaw a significant expansion of Ameristar Casino Black Hawk. Her past experience also includes owning smoothie cafes, working for a hospitality recruiting company, and serving as a content strategist, copywriter, and gaming and marketing consultant.

Lou Dorn, Chief Legal Officer

Lou Dorn serves as the Chief Legal Officer of Monarch Casino & Resort, Inc. No additional detailed background information is available in the provided search results.

AI Analysis | Feedback

Monarch Casino & Resort (MCRI) faces several key risks inherent to the highly competitive and economically sensitive casino and resort industry.
  1. Dependence on Discretionary Consumer Spending: The company's financial performance is highly vulnerable to economic fluctuations that impact consumers' discretionary income and spending habits. Downturns in the economy, such as recessions or periods of high inflation, can lead to reduced guest visitation and lower spending on gaming, food, beverages, and hotel services, directly affecting revenue and profitability.
  2. Intense Competition and Potential Legalization of Additional Gaming: Monarch Casino & Resort operates in a highly competitive market, contending with various other entertainment options and rival casinos. There is a significant threat from aggressive marketing strategies by competitors and the potential for new gaming facilities, particularly in key markets that contribute to MCRI's customer base, such as the Denver metropolitan area for its Monarch Black Hawk property. The introduction of new gaming options could divert customers, leading to market share erosion and reduced profitability.
  3. Regulatory and Compliance Risks: The casino and resort industry is subject to extensive and evolving governmental regulations, licensing requirements, and taxation policies at federal, state, and local levels. Changes in these regulations, or Monarch's inability to maintain compliance, could significantly impact its operations, financial condition, and growth prospects. This includes risks related to licensing, responsible gaming initiatives, and adherence to anti-money laundering laws.

AI Analysis | Feedback

The clear emerging threat for Monarch Casino & Resort is the increasing legalization and adoption of online casino gaming (iGaming). This trend, exemplified by its expansion in various US states, presents a direct competitor to MCRI's physical casino operations by offering a convenient, at-home alternative for core gaming activities like slots and table games. Similar to how Netflix disrupted Blockbuster's physical rental model, iGaming provides a digital platform that could draw customers away from brick-and-mortar establishments, especially for those primarily seeking gaming entertainment rather than the full resort experience.

AI Analysis | Feedback

Monarch Casino & Resort (MCRI) operates primarily in the gaming and hospitality sectors in Reno, Nevada, and Black Hawk, Colorado. The addressable markets for its main products and services in these regions are substantial.

Gaming Market

  • In **Nevada**, the statewide gaming revenue reached a record $15.8 billion in 2025. More specifically for the region where Monarch operates, Washoe County (which includes Reno) reported nearly $1.1 billion in gaming revenue in 2025.
  • In **Colorado**, the Black Hawk region, where Monarch operates its casino, generated $72.2 million in December 2025. Annually, this would represent an addressable gaming market of approximately $866.4 million for the Black Hawk area. Black Hawk alone typically generates over 85% of Colorado's gaming revenue.

Hospitality and Tourism Market

  • For **Reno, Nevada**, the broader Reno Tahoe visitor economy saw total spending of $3.4 billion in 2024. Within this, lodging accounted for $520.5 million and gaming for $726.8 million of visitor spending in 2024. The total economic impact of tourism in Washoe County, encompassing Monarch's Reno operations, exceeded $5.2 billion in 2024.
  • For **Colorado**, the tourism industry contributed $28.5 billion to the state's economy in 2024. Visitors who stayed overnight in a hotel, motel, or short-term vacation rental in Colorado spent a combined $17.6 billion in 2024. While a specific total market size for lodging in Black Hawk is not explicitly available, the city is positioning itself as a resort destination, recognizing the viability of its lodging and dining components.

AI Analysis | Feedback

Monarch Casino & Resort (MCRI) is expected to drive future revenue growth over the next 2-3 years through several key strategies:

  • Increased Guest Visitation and Market Share Growth: Monarch Casino & Resort anticipates sustained revenue growth by increasing guest visitation, attributed to its "elevated product" and "exceptional guest service." The company has demonstrated success in this area, noting increased market share at both its Atlantis and Monarch Black Hawk properties in Q4 2025. This suggests a continued focus on attracting and retaining customers within its existing markets.
  • Ongoing Capital Investments and Property Enhancements: The company plans "ongoing capital investment and property enhancements" to further elevate its offerings. This strategy aligns with its focus on delivering a high-quality gaming and hospitality experience, including modern casino facilities, deluxe hotel accommodations, fine dining, and spa services, as seen with the recent transformation of Monarch Black Hawk.
  • Growth in Core Revenue Segments: Monarch Casino & Resort aims to achieve growth across its primary revenue streams. In Q3 2025, casino operations, hotel revenues, and food and beverage services all showed year-over-year increases. While hotel revenues saw a slight decrease in Q4 2025, casino and food and beverage revenues continued to grow. The company's emphasis on a luxury resort market with diverse amenities is expected to fuel continued expansion in these areas.
  • Strategic Mergers & Acquisitions: Monarch Casino & Resort is actively "evaluating potential M&A opportunities to drive long-term value." While the timing and specifics of any acquisitions are uncertain, this strategic consideration indicates a potential for inorganic growth to contribute to future revenue.

AI Analysis | Feedback

Share Repurchases

  • Monarch Casino & Resort repurchased $11.3 million of its common stock in the third quarter of 2025.
  • For the trailing twelve months ended September 2025, the company's repurchase of stock amounted to $31.3 million.
  • As of September 30, 2025, Monarch Casino & Resort had authorization to purchase up to 1,598,476 additional shares under its existing repurchase plan.

Share Issuance

  • Information regarding significant share issuances by Monarch Casino & Resort over the last 3-5 years is not readily available in the provided search results. The number of shares outstanding has generally decreased, indicating repurchases rather than issuances.

Outbound Investments

  • Monarch Casino & Resort continuously evaluates potential merger and acquisition (M&A) transaction opportunities that could drive long-term value for stockholders. However, no specific instances of the company making strategic investments in other companies have been detailed in the provided information for the last 3-5 years.

Capital Expenditures

  • Capital expenditures for Monarch Casino & Resort were $43.9 million in 2024, $51.4 million in 2023, and $48.4 million in 2022.
  • These capital expenditures over the last three years (2022-2024) primarily focused on the transformation of part of the Monarch Black Hawk property.
  • For the trailing twelve months ended February 2026, capital expenditures were approximately $30.40 million.

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MCRIBYDRRRCZRPENNFLLMedian
NameMonarch .Boyd Gam.Red Rock.Caesars .PENN Ent.Full Hou. 
Mkt Price120.2682.6858.3829.0518.832.5043.72
Mkt Cap2.16.33.45.92.50.13.0
Rev LTM5564,0982,02111,5627,0683023,059
Op Inc LTM1378096062,0923265466
FCF LTM155196253492-661175
FCF 3Y Avg114398130288-114-38122
CFO LTM1778556231,28858913606
CFO 3Y Avg1559005501,40543317492

Growth & Margins

MCRIBYDRRRCZRPENNFLLMedian
NameMonarch .Boyd Gam.Red Rock.Caesars .PENN Ent.Full Hou. 
Rev Chg LTM5.8%3.4%3.7%2.3%6.4%1.5%3.6%
Rev Chg 3Y Avg4.6%3.9%6.1%0.6%2.9%22.4%4.2%
Rev Chg Q8.9%0.6%1.9%2.7%6.4%-0.8%2.3%
QoQ Delta Rev Chg LTM2.0%0.1%0.5%0.7%1.5%-0.2%0.6%
Op Inc Chg LTM45.9%-14.0%5.3%-8.0%44.4%52.8%24.8%
Op Inc Chg 3Y Avg9.5%-8.5%-0.1%-6.1%5.5%-19.8%-3.1%
Op Mgn LTM24.6%19.7%30.0%18.1%4.6%1.6%18.9%
Op Mgn 3Y Avg21.5%23.0%30.9%19.8%3.4%2.4%20.6%
QoQ Delta Op Mgn LTM1.3%-1.7%-0.6%0.0%0.7%0.5%0.2%
CFO/Rev LTM31.8%20.9%30.8%11.1%8.3%4.4%16.0%
CFO/Rev 3Y Avg29.3%22.9%28.7%12.3%6.4%5.9%17.6%
FCF/Rev LTM27.8%4.8%12.5%4.3%-0.9%0.3%4.5%
FCF/Rev 3Y Avg21.4%10.3%6.3%2.5%-1.7%-14.4%4.4%

Valuation

MCRIBYDRRRCZRPENNFLLMedian
NameMonarch .Boyd Gam.Red Rock.Caesars .PENN Ent.Full Hou. 
Mkt Cap2.16.33.45.92.50.13.0
P/S3.91.51.70.50.40.31.0
P/Op Inc15.67.85.62.87.718.67.8
P/EBIT15.62.65.73.1-4.346.44.4
P/E19.73.518.2-12.2-2.6-2.30.6
P/CFO12.17.45.54.64.36.86.1
Total Yield6.1%29.2%10.8%-8.2%-38.1%-42.7%-1.0%
Dividend Yield1.0%0.2%5.3%0.0%0.0%0.0%0.1%
FCF Yield 3Y Avg7.4%6.5%5.0%4.2%-4.6%-20.8%4.6%
D/E0.00.51.14.24.55.92.6
Net D/E-0.00.41.04.14.25.52.5

Returns

MCRIBYDRRRCZRPENNFLLMedian
NameMonarch .Boyd Gam.Red Rock.Caesars .PENN Ent.Full Hou. 
1M Rtn0.8%-4.2%4.1%6.1%5.7%3.3%3.7%
3M Rtn25.5%-0.4%-3.1%16.0%20.4%11.4%13.7%
6M Rtn25.3%-0.3%2.1%24.8%26.9%-7.1%13.5%
12M Rtn45.0%11.1%23.6%6.5%24.6%-21.1%17.3%
3Y Rtn93.4%32.8%43.3%-29.5%-24.5%-65.1%4.2%
1M Excs Rtn-5.5%-10.4%-2.1%-0.1%-0.6%-2.9%-2.5%
3M Excs Rtn15.3%-10.6%-13.3%5.8%10.2%1.2%3.5%
6M Excs Rtn12.2%-11.6%-8.9%20.0%17.2%-17.7%1.6%
12M Excs Rtn17.3%-17.2%-6.9%-23.1%-4.6%-51.1%-12.0%
3Y Excs Rtn7.8%-51.0%-42.5%-114.1%-108.4%-149.5%-79.7%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single segment522501   
Casino  271233112
Food and beverage  1179143
Hotel  715420
Other  191710
Total522501478395184


Net Income by Segment
$ Mil20252024202320222021
Single segment73    
Total73    


Price Behavior

Price Behavior
Market Price$120.26 
Market Cap ($ Bil)2.1 
First Trading Date08/10/1993 
Distance from 52W High-0.4% 
   50 Days200 Days
DMA Price$108.53$99.72
DMA Trendupup
Distance from DMA10.8%20.6%
 3M1YR
Volatility37.1%32.3%
Downside Capture2.6248.13
Upside Capture85.5177.17
Correlation (SPY)23.7%23.4%
MCRI Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta0.560.740.720.540.710.70
Up Beta0.140.260.590.730.840.66
Down Beta-1.151.300.930.400.420.74
Up Capture169%134%125%81%83%46%
Bmk +ve Days15223166141428
Stock +ve Days13253870135398
Down Capture1%24%13%20%64%87%
Bmk -ve Days4183056108321
Stock -ve Days9182654115352

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MCRI
MCRI46.2%32.2%1.19-
Sector ETF (XLY)13.4%18.0%0.5519.7%
Equity (SPY)30.3%11.8%1.9423.1%
Gold (GLD)37.5%26.7%1.17-0.6%
Commodities (DBC)39.6%18.8%1.63-2.3%
Real Estate (VNQ)12.5%13.1%0.6412.6%
Bitcoin (BTCUSD)-31.8%41.6%-0.8111.5%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MCRI
MCRI13.7%32.3%0.45-
Sector ETF (XLY)8.4%23.7%0.3146.0%
Equity (SPY)14.3%17.0%0.6646.2%
Gold (GLD)18.8%18.0%0.851.9%
Commodities (DBC)10.2%19.4%0.4112.0%
Real Estate (VNQ)3.4%18.8%0.0836.7%
Bitcoin (BTCUSD)14.6%54.6%0.4620.5%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MCRI
MCRI21.4%39.2%0.62-
Sector ETF (XLY)13.3%22.0%0.5553.5%
Equity (SPY)15.9%17.9%0.7654.6%
Gold (GLD)13.3%16.0%0.692.6%
Commodities (DBC)7.3%17.9%0.3320.6%
Real Estate (VNQ)5.7%20.7%0.2449.1%
Bitcoin (BTCUSD)67.0%66.9%1.0617.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5152026
Short Interest: Shares Quantity0.2 Mil
Short Interest: % Change Since 4302026-9.1%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest2.0 days
Basic Shares Quantity17.8 Mil
Short % of Basic Shares1.3%

Earnings Returns History

Updated 5/29/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
4/22/20262.1%4.5%1.8%
2/4/20262.3%3.3%5.9%
10/22/2025-0.2%-4.5%2.2%
7/16/202520.0%23.9%16.4%
4/22/20252.4%2.8%6.5%
2/11/20257.9%6.5%-2.1%
10/23/20246.5%8.1%13.6%
7/25/20241.7%-2.3%-3.0%
...
SUMMARY STATS   
# Positive151516
# Negative998
Median Positive5.9%6.4%6.4%
Median Negative-1.5%-4.0%-3.7%
Max Positive20.0%26.5%33.3%
Max Negative-19.4%-24.4%-30.1%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202604/30/202610-Q
12/31/202502/24/202610-K
09/30/202510/28/202510-Q
06/30/202507/29/202510-Q
03/31/202505/02/202510-Q
12/31/202403/03/202510-K
09/30/202411/08/202410-Q
06/30/202408/08/202410-Q
03/31/202405/07/202410-Q
12/31/202302/28/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/28/202310-K
09/30/202211/04/202210-Q
06/30/202208/05/202210-Q

Recent Forward Guidance

Updated 5/28/2026

Latest: Q1 2026 Earnings Reported 4/22/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Dividends 0.3 0 Same NewActual: 0.3 for Q1 2026
2026 Dividends 1.2 0 AffirmedGuidance: 1.2 for 2026

Prior: Q4 2025 Earnings Reported 2/4/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Annual Cash Dividend 1.2 0.0% AffirmedActual: 1.2 for 2025

Insider Activity

Updated 5/29/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Farahi, JohnCEODirectSell5292026120.845,000604,20074,504,627Form
2Farahi, JohnCEODirectSell325202699.002,000198,00053,094,096Form
3Farahi, JohnCEODirectSell325202697.431,00097,43052,446,959Form
4Farahi, JohnCEODirectSell1092026100.631,000100,63055,659,459Form
5Farahi, JohnCEODirectSell1092026103.775,000518,85057,499,995Form
Core Cache Last Updated: 5/29/2026