Monarch Casino & Resort Inc (MCRI)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 92,399 | 108,527 | 109,022 | 85,371 | 14,998 |
| Revenue | US$ in thousands | 521,937 | 501,012 | 476,398 | 395,377 | 184,413 |
| Pretax margin | 17.70% | 21.66% | 22.88% | 21.59% | 8.13% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $92,399K ÷ $521,937K
= 17.70%
Monarch Casino & Resort Inc's pretax margin has shown a positive trend over the past five years. In 2020, the pretax margin was 8.13%, indicating that for every dollar of revenue generated, the company retained $0.0813 before taxes. By December 31, 2024, the pretax margin had increased to 17.70%, reflecting improved profitability and efficiency in managing costs. The company experienced significant growth in its pretax margin from 2020 to 2022, reaching a peak of 22.88% in 2022. Although there was a slight decline in 2023 to 21.66%, the pretax margin remained relatively strong in 2024 at 17.70%. Overall, the increasing trend in Monarch Casino & Resort Inc's pretax margin indicates improved operational performance and financial health over the period under consideration.
Peer comparison
Dec 31, 2024