MONARCH CASINO & RESORT INC
MCRI · Hotels & Motels · 17.7M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$2M (gross $5M, SBC $7M)
Reference price $120.84 · est. market cap ~$2.1B — last insider sale, 2026-05-28 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B76High-return two-property casino operator with top-tier cash generation, offset by concentration and contractor litigation.
Strengths
- Top-decile FCF margin (100th pct) and OCF margin (94th pct); strong net margin (18.6%, 89th pct)
- Strong ROA (14%, 95th pct) and ROE (18.9%)
Risks
- Heavy dependence on just two resorts (Reno, Black Hawk)
- Ongoing PCL construction litigation/appeal with potential bonding requirements
- Discretionary-spend and local-competition sensitivity
Notable findings
- Weak liquidityCurrent ratio 0.86 (<1)
- Insider sellingInsider selling — 3 open-market sale(s) by 1 insider(s) (~$899,630, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
23.4%
Net margin
18.6%
Return on equity
18.9%
Return on assets
14.2%
Revenue growth (QoQ)
-2.5%
Net-income growth
39.3%
Current ratio
0.9×
Free cash flow
$128M
Tangible book value
$512M
Stock comp / revenue
1.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-28 | FARAHI JOHN | Sell | 5.0K | $120.84 |
| 2026-04-28 | FARAHI JOHN | Option exercise | 67K | $23.08 |
| 2026-04-28 | FARAHI JOHN | Option exercise | 67K | $45.32 |
| 2026-04-28 | FARAHI JOHN | Option exercise | 67K | $39.82 |
| 2026-04-28 | FARAHI JOHN | Tax withheld | 115K | $118.16 |
| 2026-04-23 | FARAHI BOB | Option exercise | 67K | $116.65 |
| 2026-04-23 | FARAHI BOB | Tax withheld | 51K | $116.65 |
| 2026-03-16 | FARAHI JOHN | Sell | 2.0K | $99.00 |
| 2026-03-10 | FARAHI JOHN | Sell | 1.0K | $97.43 |
| 2025-12-17 | FARAHI JOHN | Sell | 1.0K | $100.63 |
| 2025-09-29 | FARAHI JOHN | Gift | 14K | $104.60 |
| 2025-09-29 | FARAHI JOHN | Gift | 14K | $104.60 |
| 2025-08-26 | FARAHI JOHN | Sell | 5.0K | $103.77 |
| 2025-07-22 | SULLIVAN CRAIG F | Sell | 12K | $105.55 |
| 2025-07-22 | FARAHI JOHN | Sell | 2.0K | $105.78 |
| 2025-07-21 | FARAHI JOHN | Option exercise | 67K | $17.62 |
| 2025-07-21 | FARAHI JOHN | Tax withheld | 33K | $105.39 |
| 2025-01-03 | FARAHI JOHN | Sell | 1.0K | $77.70 |
| 2024-12-31 | FARAHI BOB | Other | 15K | — |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (2)
- Allen Brothers
- PCL
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-29 | Shareholder vote | filing ↗ |
| 2026-04-22 | ResultsOtherExhibits | filing ↗ |
| 2026-02-04 | ResultsOtherExhibits | filing ↗ |
| 2025-12-19 | Exec/director change | filing ↗ |
| 2025-10-22 | ResultsOtherExhibits | filing ↗ |
| 2025-07-16 | ResultsOtherExhibits | filing ↗ |
| 2025-06-10 | Shareholder vote | filing ↗ |
| 2025-04-22 | ResultsOtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-29 | 2026-05-27 | 0001104659-26-068313 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001104659-26-052821 ↗ |
| 8-K | 2026-04-22 | 2026-04-21 | 0001171843-26-002629 ↗ |
| 10-K | 2026-02-24 | 2025-12-31 | 0001104659-26-018717 ↗ |
| 8-K | 2026-02-04 | 2026-02-04 | 0001171843-26-000627 ↗ |
| 8-K | 2025-12-19 | 2025-12-19 | 0001104659-25-123193 ↗ |
| 10-Q | 2025-10-28 | 2025-09-30 | 0001104659-25-103079 ↗ |
| 8-K | 2025-10-22 | 2025-10-21 | 0001171843-25-006575 ↗ |
| 10-Q | 2025-07-29 | 2025-06-30 | 0001558370-25-009717 ↗ |
| 8-K | 2025-07-16 | 2025-07-16 | 0001171843-25-004489 ↗ |
| 8-K | 2025-06-10 | 2025-06-06 | 0001558370-25-008509 ↗ |
| 10-Q | 2025-05-02 | 2025-03-31 | 0001558370-25-006190 ↗ |