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Side-by-side financial comparison of Empire State Realty Trust, Inc. (ESRT) and MONARCH CASINO & RESORT INC (MCRI). Click either name above to swap in a different company.
Empire State Realty Trust, Inc. is the larger business by last-quarter revenue ($190.3M vs $136.6M, roughly 1.4× MONARCH CASINO & RESORT INC). MONARCH CASINO & RESORT INC runs the higher net margin — 20.2% vs 1.6%, a 18.6% gap on every dollar of revenue. On growth, MONARCH CASINO & RESORT INC posted the faster year-over-year revenue change (8.9% vs 5.7%). Over the past eight quarters, MONARCH CASINO & RESORT INC's revenue compounded faster (3.2% CAGR vs 0.2%).
Empire State Realty Trust is a leading real estate investment trust that owns, manages, and operates a portfolio of premium commercial, residential, and retail properties primarily in the New York City metropolitan area, including the iconic Empire State Building. It serves corporate tenants, retail partners, and residential occupants, focusing on sustainable property operations and long-term asset value growth.
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.
ESRT vs MCRI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $190.3M | $136.6M |
| Net Profit | $3.0M | $27.6M |
| Gross Margin | — | — |
| Operating Margin | 15.5% | 25.6% |
| Net Margin | 1.6% | 20.2% |
| Revenue YoY | 5.7% | 8.9% |
| Net Profit YoY | -73.7% | 38.9% |
| EPS (diluted) | $0.20 | $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 | $190.3M | $136.6M | ||
| Q4 25 | $199.2M | $140.0M | ||
| Q3 25 | $197.7M | $142.8M | ||
| Q2 25 | $191.3M | $136.9M | ||
| Q1 25 | $180.1M | $125.4M | ||
| Q4 24 | $197.6M | $134.5M | ||
| Q3 24 | $199.6M | $137.9M | ||
| Q2 24 | $189.5M | $128.1M |
| Q1 26 | $3.0M | $27.6M | ||
| Q4 25 | $32.2M | $22.9M | ||
| Q3 25 | $13.6M | $31.6M | ||
| Q2 25 | $11.4M | $27.0M | ||
| Q1 25 | $15.8M | $19.9M | ||
| Q4 24 | $18.8M | $4.2M | ||
| Q3 24 | $22.8M | $27.6M | ||
| Q2 24 | $28.6M | $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 | 15.5% | 25.6% | ||
| Q4 25 | 17.8% | 21.3% | ||
| Q3 25 | 19.9% | 27.1% | ||
| Q2 25 | 18.4% | 25.8% | ||
| Q1 25 | 14.3% | 20.4% | ||
| Q4 24 | 21.7% | 3.1% | ||
| Q3 24 | 22.7% | 25.5% | ||
| Q2 24 | 20.8% | 22.9% |
| Q1 26 | 1.6% | 20.2% | ||
| Q4 25 | 16.1% | 16.4% | ||
| Q3 25 | 6.9% | 22.1% | ||
| Q2 25 | 6.0% | 19.7% | ||
| Q1 25 | 8.8% | 15.8% | ||
| Q4 24 | 9.5% | 3.1% | ||
| Q3 24 | 11.4% | 20.0% | ||
| Q2 24 | 15.1% | 17.7% |
| Q1 26 | $0.20 | $1.52 | ||
| Q4 25 | $0.11 | $1.25 | ||
| Q3 25 | $0.05 | $1.69 | ||
| Q2 25 | $0.04 | $1.44 | ||
| Q1 25 | $0.05 | $1.05 | ||
| Q4 24 | $0.07 | $0.25 | ||
| Q3 24 | $0.08 | $1.47 | ||
| Q2 24 | $0.10 | $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 | $68.8M | $120.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.8B | $549.8M |
| Total Assets | $4.4B | $725.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $68.8M | $120.1M | ||
| Q4 25 | $132.7M | — | ||
| Q3 25 | $154.1M | — | ||
| Q2 25 | $94.6M | — | ||
| Q1 25 | $187.8M | — | ||
| Q4 24 | $385.5M | — | ||
| Q3 24 | $421.9M | — | ||
| Q2 24 | $535.5M | — |
| Q1 26 | $1.8B | $549.8M | ||
| Q4 25 | $1.1B | $537.7M | ||
| Q3 25 | $1.0B | $558.4M | ||
| Q2 25 | $1.0B | $539.2M | ||
| Q1 25 | $1.0B | $535.6M | ||
| Q4 24 | $1.0B | $517.7M | ||
| Q3 24 | $1.0B | $513.3M | ||
| Q2 24 | $1.0B | $498.4M |
| Q1 26 | $4.4B | $725.2M | ||
| Q4 25 | $4.5B | $712.8M | ||
| Q3 25 | $4.1B | $725.4M | ||
| Q2 25 | $4.1B | $705.8M | ||
| Q1 25 | $4.1B | $712.1M | ||
| Q4 24 | $4.5B | $691.6M | ||
| Q3 24 | $4.4B | $671.1M | ||
| Q2 24 | $4.4B | $672.4M |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ESRT
| Rental revenue (1) | $166.1M | 87% |
| Observatory revenue | $18.5M | 10% |
| Other revenue and fees | $4.1M | 2% |
| Lease termination fees | $1.4M | 1% |
| Third-party management and other fees | $277.0K | 0% |
MCRI
| Casino | $79.7M | 58% |
| Food and beverage | $31.7M | 23% |
| Hotel | $19.0M | 14% |
| Other | $6.1M | 5% |
