Monarch Casino & Resort Inc (MCRI)

Pretax margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 92,399 113,745 110,146 109,772 108,527 110,909 114,862 110,895 109,022 106,230 98,893 96,406 85,371 65,227 50,506 22,551 14,998 17,757 15,852 32,966
Revenue (ttm) US$ in thousands 525,742 519,325 514,417 510,431 504,574 496,616 494,378 485,510 477,157 469,036 446,939 427,969 392,852 344,759 291,098 208,535 184,745 182,882 190,498 239,503
Pretax margin 17.57% 21.90% 21.41% 21.51% 21.51% 22.33% 23.23% 22.84% 22.85% 22.65% 22.13% 22.53% 21.73% 18.92% 17.35% 10.81% 8.12% 9.71% 8.32% 13.76%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $92,399K ÷ $525,742K
= 17.57%

The pretax margin of Monarch Casino & Resort Inc has shown some fluctuation over the period from March 31, 2020, to December 31, 2024. The pretax margin indicates the company's profitability before accounting for taxes as a percentage of its total revenue.

The pretax margin started at 13.76% on March 31, 2020, and experienced fluctuations in the subsequent quarters, reaching a low of 8.12% on December 31, 2020. However, there was a positive trend from that point onwards, with the margin steadily increasing to peak at 23.23% on June 30, 2023.

After reaching its peak, the pretax margin experienced a slight decline, ending at 17.57% on December 31, 2024. This decrease from the peak may indicate potential challenges faced by the company in maintaining its profitability levels.

Overall, the trend in the pretax margin of Monarch Casino & Resort Inc showcases both periods of growth and challenges. It is important for investors and stakeholders to monitor this metric closely to assess the company's financial performance and sustainability.