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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) 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 $71.0M, roughly 1.9× Cheer Holding, Inc.). MONARCH CASINO & RESORT INC runs the higher net margin — 20.2% vs 10.9%, a 9.3% gap on every dollar of revenue. On growth, MONARCH CASINO & RESORT INC posted the faster year-over-year revenue change (8.9% vs -0.1%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

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.

CHR vs MCRI — Head-to-Head

Bigger by revenue
MCRI
MCRI
1.9× larger
MCRI
$136.6M
$71.0M
CHR
Growing faster (revenue YoY)
MCRI
MCRI
+9.0% gap
MCRI
8.9%
-0.1%
CHR
Higher net margin
MCRI
MCRI
9.3% more per $
MCRI
20.2%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
CHR
CHR
MCRI
MCRI
Revenue
$71.0M
$136.6M
Net Profit
$7.8M
$27.6M
Gross Margin
70.7%
Operating Margin
11.7%
25.6%
Net Margin
10.9%
20.2%
Revenue YoY
-0.1%
8.9%
Net Profit YoY
-37.5%
38.9%
EPS (diluted)
$0.67
$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
CHR
CHR
MCRI
MCRI
Q1 26
$136.6M
Q4 25
$140.0M
Q3 25
$142.8M
Q2 25
$71.0M
$136.9M
Q1 25
$125.4M
Q4 24
$134.5M
Q3 24
$137.9M
Q2 24
$71.1M
$128.1M
Net Profit
CHR
CHR
MCRI
MCRI
Q1 26
$27.6M
Q4 25
$22.9M
Q3 25
$31.6M
Q2 25
$7.8M
$27.0M
Q1 25
$19.9M
Q4 24
$4.2M
Q3 24
$27.6M
Q2 24
$12.4M
$22.7M
Gross Margin
CHR
CHR
MCRI
MCRI
Q1 26
Q4 25
20.8%
Q3 25
26.7%
Q2 25
70.7%
25.5%
Q1 25
20.2%
Q4 24
2.9%
Q3 24
25.6%
Q2 24
73.4%
23.0%
Operating Margin
CHR
CHR
MCRI
MCRI
Q1 26
25.6%
Q4 25
21.3%
Q3 25
27.1%
Q2 25
11.7%
25.8%
Q1 25
20.4%
Q4 24
3.1%
Q3 24
25.5%
Q2 24
16.4%
22.9%
Net Margin
CHR
CHR
MCRI
MCRI
Q1 26
20.2%
Q4 25
16.4%
Q3 25
22.1%
Q2 25
10.9%
19.7%
Q1 25
15.8%
Q4 24
3.1%
Q3 24
20.0%
Q2 24
17.5%
17.7%
EPS (diluted)
CHR
CHR
MCRI
MCRI
Q1 26
$1.52
Q4 25
$1.25
Q3 25
$1.69
Q2 25
$0.67
$1.44
Q1 25
$1.05
Q4 24
$0.25
Q3 24
$1.47
Q2 24
$1.23
$1.19

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
MCRI
MCRI
Cash + ST InvestmentsLiquidity on hand
$120.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$549.8M
Total Assets
$362.7M
$725.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
MCRI
MCRI
Q1 26
$120.1M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$186.1M
Stockholders' Equity
CHR
CHR
MCRI
MCRI
Q1 26
$549.8M
Q4 25
$537.7M
Q3 25
$558.4M
Q2 25
$322.1M
$539.2M
Q1 25
$535.6M
Q4 24
$517.7M
Q3 24
$513.3M
Q2 24
$286.1M
$498.4M
Total Assets
CHR
CHR
MCRI
MCRI
Q1 26
$725.2M
Q4 25
$712.8M
Q3 25
$725.4M
Q2 25
$362.7M
$705.8M
Q1 25
$712.1M
Q4 24
$691.6M
Q3 24
$671.1M
Q2 24
$333.2M
$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
CHR
CHR
MCRI
MCRI
Operating Cash FlowLast quarter
$3.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
MCRI
MCRI
Q1 26
Q4 25
$38.1M
Q3 25
$56.0M
Q2 25
$3.9M
$34.1M
Q1 25
$36.5M
Q4 24
$37.8M
Q3 24
$40.3M
Q2 24
$-6.7M
$24.3M
Free Cash Flow
CHR
CHR
MCRI
MCRI
Q1 26
Q4 25
$32.2M
Q3 25
$53.5M
Q2 25
$26.0M
Q1 25
$16.6M
Q4 24
$26.2M
Q3 24
$35.4M
Q2 24
$11.0M
FCF Margin
CHR
CHR
MCRI
MCRI
Q1 26
Q4 25
23.0%
Q3 25
37.5%
Q2 25
19.0%
Q1 25
13.3%
Q4 24
19.5%
Q3 24
25.7%
Q2 24
8.5%
Capex Intensity
CHR
CHR
MCRI
MCRI
Q1 26
Q4 25
4.2%
Q3 25
1.7%
Q2 25
5.9%
Q1 25
15.8%
Q4 24
8.6%
Q3 24
3.6%
Q2 24
10.4%
Cash Conversion
CHR
CHR
MCRI
MCRI
Q1 26
Q4 25
1.66×
Q3 25
1.77×
Q2 25
0.51×
1.26×
Q1 25
1.84×
Q4 24
8.98×
Q3 24
1.46×
Q2 24
-0.54×
1.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHR
CHR

Segment breakdown not available.

MCRI
MCRI

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

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