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Side-by-side financial comparison of Array Technologies, Inc. (ARRY) and MONARCH CASINO & RESORT INC (MCRI). Click either name above to swap in a different company.

Array Technologies, Inc. is the larger business by last-quarter revenue ($226.0M vs $136.6M, roughly 1.7× MONARCH CASINO & RESORT INC). On growth, MONARCH CASINO & RESORT INC posted the faster year-over-year revenue change (8.9% vs -17.9%). Over the past eight quarters, Array Technologies, Inc.'s revenue compounded faster (21.4% CAGR vs 3.2%).

ATI Technologies Inc. was a Canadian semiconductor technology corporation based in Markham, Ontario, that specialized in the development of graphics processing units and chipsets. Founded in 1985, the company listed publicly in 1993 and was acquired by AMD in 2006. As a major fabless semiconductor company, ATI conducted research and development in-house and outsourced the manufacturing and assembly of its products. With the decline and eventual bankruptcy of 3dfx in 2000, ATI and its chief ri...

The Atlantis Casino Resort Spa is a hotel and casino located in Reno, Nevada, United States. It is owned and operated by Monarch Casino & Resort, Inc. Its three hotel towers have a combined 824 guest rooms and suites. The casino floor spans 64,814 sq ft. Often known simply as "Atlantis," it is one of Reno's most profitable and luxurious properties, competing directly with Peppermill Hotel Casino and Grand Sierra Resort for customers. Nearly $150 million has been spent on upgrading the facility.

ARRY vs MCRI — Head-to-Head

Bigger by revenue
ARRY
ARRY
1.7× larger
ARRY
$226.0M
$136.6M
MCRI
Growing faster (revenue YoY)
MCRI
MCRI
+26.8% gap
MCRI
8.9%
-17.9%
ARRY
Faster 2-yr revenue CAGR
ARRY
ARRY
Annualised
ARRY
21.4%
3.2%
MCRI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARRY
ARRY
MCRI
MCRI
Revenue
$226.0M
$136.6M
Net Profit
$27.6M
Gross Margin
8.6%
Operating Margin
-65.5%
25.6%
Net Margin
20.2%
Revenue YoY
-17.9%
8.9%
Net Profit YoY
38.9%
EPS (diluted)
$-1.06
$1.52

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARRY
ARRY
MCRI
MCRI
Q1 26
$136.6M
Q4 25
$226.0M
$140.0M
Q3 25
$393.5M
$142.8M
Q2 25
$362.2M
$136.9M
Q1 25
$302.4M
$125.4M
Q4 24
$275.2M
$134.5M
Q3 24
$231.4M
$137.9M
Q2 24
$255.8M
$128.1M
Net Profit
ARRY
ARRY
MCRI
MCRI
Q1 26
$27.6M
Q4 25
$22.9M
Q3 25
$33.5M
$31.6M
Q2 25
$43.3M
$27.0M
Q1 25
$16.7M
$19.9M
Q4 24
$4.2M
Q3 24
$-141.4M
$27.6M
Q2 24
$25.7M
$22.7M
Gross Margin
ARRY
ARRY
MCRI
MCRI
Q1 26
Q4 25
8.6%
20.8%
Q3 25
26.9%
26.7%
Q2 25
26.8%
25.5%
Q1 25
25.3%
20.2%
Q4 24
28.5%
2.9%
Q3 24
33.8%
25.6%
Q2 24
33.6%
23.0%
Operating Margin
ARRY
ARRY
MCRI
MCRI
Q1 26
25.6%
Q4 25
-65.5%
21.3%
Q3 25
11.6%
27.1%
Q2 25
12.8%
25.8%
Q1 25
9.0%
20.4%
Q4 24
-51.7%
3.1%
Q3 24
-57.3%
25.5%
Q2 24
15.5%
22.9%
Net Margin
ARRY
ARRY
MCRI
MCRI
Q1 26
20.2%
Q4 25
16.4%
Q3 25
8.5%
22.1%
Q2 25
11.9%
19.7%
Q1 25
5.5%
15.8%
Q4 24
3.1%
Q3 24
-61.1%
20.0%
Q2 24
10.0%
17.7%
EPS (diluted)
ARRY
ARRY
MCRI
MCRI
Q1 26
$1.52
Q4 25
$-1.06
$1.25
Q3 25
$0.12
$1.69
Q2 25
$0.19
$1.44
Q1 25
$0.02
$1.05
Q4 24
$-0.94
$0.25
Q3 24
$-1.02
$1.47
Q2 24
$0.08
$1.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARRY
ARRY
MCRI
MCRI
Cash + ST InvestmentsLiquidity on hand
$244.4M
$120.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-206.3M
$549.8M
Total Assets
$1.5B
$725.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARRY
ARRY
MCRI
MCRI
Q1 26
$120.1M
Q4 25
$244.4M
Q3 25
$221.5M
Q2 25
$377.3M
Q1 25
$348.3M
Q4 24
$363.0M
Q3 24
$332.4M
Q2 24
$282.3M
Stockholders' Equity
ARRY
ARRY
MCRI
MCRI
Q1 26
$549.8M
Q4 25
$-206.3M
$537.7M
Q3 25
$-46.7M
$558.4M
Q2 25
$-70.9M
$539.2M
Q1 25
$-97.8M
$535.6M
Q4 24
$-118.1M
$517.7M
Q3 24
$64.5M
$513.3M
Q2 24
$200.0M
$498.4M
Total Assets
ARRY
ARRY
MCRI
MCRI
Q1 26
$725.2M
Q4 25
$1.5B
$712.8M
Q3 25
$1.6B
$725.4M
Q2 25
$1.5B
$705.8M
Q1 25
$1.4B
$712.1M
Q4 24
$1.4B
$691.6M
Q3 24
$1.6B
$671.1M
Q2 24
$1.7B
$672.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARRY
ARRY
MCRI
MCRI
Operating Cash FlowLast quarter
$43.6M
Free Cash FlowOCF − Capex
$36.2M
FCF MarginFCF / Revenue
16.0%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$79.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARRY
ARRY
MCRI
MCRI
Q1 26
Q4 25
$43.6M
$38.1M
Q3 25
$27.4M
$56.0M
Q2 25
$43.8M
$34.1M
Q1 25
$-13.1M
$36.5M
Q4 24
$57.6M
$37.8M
Q3 24
$44.9M
$40.3M
Q2 24
$4.0M
$24.3M
Free Cash Flow
ARRY
ARRY
MCRI
MCRI
Q1 26
Q4 25
$36.2M
$32.2M
Q3 25
$21.9M
$53.5M
Q2 25
$37.2M
$26.0M
Q1 25
$-15.4M
$16.6M
Q4 24
$55.9M
$26.2M
Q3 24
$43.9M
$35.4M
Q2 24
$1.8M
$11.0M
FCF Margin
ARRY
ARRY
MCRI
MCRI
Q1 26
Q4 25
16.0%
23.0%
Q3 25
5.6%
37.5%
Q2 25
10.3%
19.0%
Q1 25
-5.1%
13.3%
Q4 24
20.3%
19.5%
Q3 24
19.0%
25.7%
Q2 24
0.7%
8.5%
Capex Intensity
ARRY
ARRY
MCRI
MCRI
Q1 26
Q4 25
3.3%
4.2%
Q3 25
1.4%
1.7%
Q2 25
1.8%
5.9%
Q1 25
0.8%
15.8%
Q4 24
0.6%
8.6%
Q3 24
0.5%
3.6%
Q2 24
0.8%
10.4%
Cash Conversion
ARRY
ARRY
MCRI
MCRI
Q1 26
Q4 25
1.66×
Q3 25
0.82×
1.77×
Q2 25
1.01×
1.26×
Q1 25
-0.78×
1.84×
Q4 24
8.98×
Q3 24
1.46×
Q2 24
0.15×
1.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARRY
ARRY

Array Legacy Operations Segment$212.0M94%
STI Operations Segment$14.0M6%

MCRI
MCRI

Casino$79.7M58%
Food and beverage$31.7M23%
Hotel$19.0M14%
Other$6.1M5%

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