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Side-by-side financial comparison of Broadstone Net Lease, Inc. (BNL) and MONARCH CASINO & RESORT INC (MCRI). Click either name above to swap in a different company.
MONARCH CASINO & RESORT INC is the larger business by last-quarter revenue ($136.6M vs $121.4M, roughly 1.1× Broadstone Net Lease, Inc.). Broadstone Net Lease, Inc. runs the higher net margin — 38.2% vs 20.2%, a 18.0% gap on every dollar of revenue. On growth, Broadstone Net Lease, Inc. posted the faster year-over-year revenue change (11.7% vs 8.9%). Over the past eight quarters, Broadstone Net Lease, Inc.'s revenue compounded faster (7.1% CAGR vs 3.2%).
Broadstone Net Lease, Inc. is a real estate investment trust (REIT) that acquires, owns, and manages a diversified portfolio of single-tenant commercial real estate assets across the United States. Its portfolio covers key segments including industrial facilities, healthcare properties, retail locations, and office spaces, all leased to tenants under long-term net lease agreements.
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.
BNL vs MCRI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $121.4M | $136.6M |
| Net Profit | $46.4M | $27.6M |
| Gross Margin | — | — |
| Operating Margin | 52.2% | 25.6% |
| Net Margin | 38.2% | 20.2% |
| Revenue YoY | 11.7% | 8.9% |
| Net Profit YoY | — | 38.9% |
| EPS (diluted) | $0.24 | $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.
| Q1 26 | $121.4M | $136.6M | ||
| Q4 25 | $118.3M | $140.0M | ||
| Q3 25 | $114.2M | $142.8M | ||
| Q2 25 | $113.0M | $136.9M | ||
| Q1 25 | $108.7M | $125.4M | ||
| Q4 24 | $112.1M | $134.5M | ||
| Q3 24 | $108.4M | $137.9M | ||
| Q2 24 | $105.9M | $128.1M |
| Q1 26 | $46.4M | $27.6M | ||
| Q4 25 | $33.1M | $22.9M | ||
| Q3 25 | $26.5M | $31.6M | ||
| Q2 25 | $20.2M | $27.0M | ||
| Q1 25 | $16.7M | $19.9M | ||
| Q4 24 | $26.4M | $4.2M | ||
| Q3 24 | $35.6M | $27.6M | ||
| Q2 24 | $35.3M | $22.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 20.8% | ||
| Q3 25 | — | 26.7% | ||
| Q2 25 | — | 25.5% | ||
| Q1 25 | — | 20.2% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | — | 25.6% | ||
| Q2 24 | — | 23.0% |
| Q1 26 | 52.2% | 25.6% | ||
| Q4 25 | — | 21.3% | ||
| Q3 25 | — | 27.1% | ||
| Q2 25 | — | 25.8% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 22.9% |
| Q1 26 | 38.2% | 20.2% | ||
| Q4 25 | 28.0% | 16.4% | ||
| Q3 25 | 23.2% | 22.1% | ||
| Q2 25 | 17.8% | 19.7% | ||
| Q1 25 | 15.4% | 15.8% | ||
| Q4 24 | 23.5% | 3.1% | ||
| Q3 24 | 32.8% | 20.0% | ||
| Q2 24 | 33.4% | 17.7% |
| Q1 26 | $0.24 | $1.52 | ||
| Q4 25 | $0.17 | $1.25 | ||
| Q3 25 | $0.14 | $1.69 | ||
| Q2 25 | $0.10 | $1.44 | ||
| Q1 25 | $0.09 | $1.05 | ||
| Q4 24 | $0.13 | $0.25 | ||
| Q3 24 | $0.19 | $1.47 | ||
| Q2 24 | $0.19 | $1.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $20.3M | $120.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.0B | $549.8M |
| Total Assets | $5.8B | $725.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $20.3M | $120.1M | ||
| Q4 25 | $30.5M | — | ||
| Q3 25 | $82.0M | — | ||
| Q2 25 | $20.8M | — | ||
| Q1 25 | $9.6M | — | ||
| Q4 24 | $14.8M | — | ||
| Q3 24 | $9.0M | — | ||
| Q2 24 | $18.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $1.9B | — |
| Q1 26 | $3.0B | $549.8M | ||
| Q4 25 | $2.9B | $537.7M | ||
| Q3 25 | $2.9B | $558.4M | ||
| Q2 25 | $2.9B | $539.2M | ||
| Q1 25 | $2.9B | $535.6M | ||
| Q4 24 | $3.0B | $517.7M | ||
| Q3 24 | $3.0B | $513.3M | ||
| Q2 24 | $3.1B | $498.4M |
| Q1 26 | $5.8B | $725.2M | ||
| Q4 25 | $5.7B | $712.8M | ||
| Q3 25 | $5.5B | $725.4M | ||
| Q2 25 | $5.3B | $705.8M | ||
| Q1 25 | $5.2B | $712.1M | ||
| Q4 24 | $5.2B | $691.6M | ||
| Q3 24 | $5.3B | $671.1M | ||
| Q2 24 | $5.3B | $672.4M |
| Q1 26 | — | — | ||
| Q4 25 | 0.87× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.68× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.62× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BNL
Segment breakdown not available.
MCRI
| Casino | $79.7M | 58% |
| Food and beverage | $31.7M | 23% |
| Hotel | $19.0M | 14% |
| Other | $6.1M | 5% |
