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Side-by-side financial comparison of MONARCH CASINO & RESORT INC (MCRI) and PROGRESS SOFTWARE CORP (PRGS). Click either name above to swap in a different company.

PROGRESS SOFTWARE CORP is the larger business by last-quarter revenue ($252.7M vs $136.6M, roughly 1.9× MONARCH CASINO & RESORT INC). MONARCH CASINO & RESORT INC runs the higher net margin — 20.2% vs 10.2%, a 10.0% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs 8.9%). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs 3.2%).

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.

Progress Software Corporation develops and sells enterprise software products including application development platforms, data connectivity tools, and digital experience solutions. It serves global enterprise clients across finance, healthcare, manufacturing, retail and other sectors, helping organizations build scalable, high-performance business applications and streamline operational workflows.

MCRI vs PRGS — Head-to-Head

Bigger by revenue
PRGS
PRGS
1.9× larger
PRGS
$252.7M
$136.6M
MCRI
Growing faster (revenue YoY)
PRGS
PRGS
+8.6% gap
PRGS
17.5%
8.9%
MCRI
Higher net margin
MCRI
MCRI
10.0% more per $
MCRI
20.2%
10.2%
PRGS
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
3.2%
MCRI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MCRI
MCRI
PRGS
PRGS
Revenue
$136.6M
$252.7M
Net Profit
$27.6M
$25.7M
Gross Margin
81.6%
Operating Margin
25.6%
15.2%
Net Margin
20.2%
10.2%
Revenue YoY
8.9%
17.5%
Net Profit YoY
38.9%
2144.6%
EPS (diluted)
$1.52
$0.59

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
MCRI
MCRI
PRGS
PRGS
Q1 26
$136.6M
Q4 25
$140.0M
$252.7M
Q3 25
$142.8M
$249.8M
Q2 25
$136.9M
$237.4M
Q1 25
$125.4M
$238.0M
Q4 24
$134.5M
$215.0M
Q3 24
$137.9M
$178.7M
Q2 24
$128.1M
$175.1M
Net Profit
MCRI
MCRI
PRGS
PRGS
Q1 26
$27.6M
Q4 25
$22.9M
$25.7M
Q3 25
$31.6M
$19.4M
Q2 25
$27.0M
$17.0M
Q1 25
$19.9M
$10.9M
Q4 24
$4.2M
$1.1M
Q3 24
$27.6M
$28.5M
Q2 24
$22.7M
$16.2M
Gross Margin
MCRI
MCRI
PRGS
PRGS
Q1 26
Q4 25
20.8%
81.6%
Q3 25
26.7%
81.0%
Q2 25
25.5%
80.1%
Q1 25
20.2%
80.6%
Q4 24
2.9%
83.0%
Q3 24
25.6%
83.7%
Q2 24
23.0%
81.7%
Operating Margin
MCRI
MCRI
PRGS
PRGS
Q1 26
25.6%
Q4 25
21.3%
15.2%
Q3 25
27.1%
17.6%
Q2 25
25.8%
16.3%
Q1 25
20.4%
13.6%
Q4 24
3.1%
10.0%
Q3 24
25.5%
22.6%
Q2 24
22.9%
15.5%
Net Margin
MCRI
MCRI
PRGS
PRGS
Q1 26
20.2%
Q4 25
16.4%
10.2%
Q3 25
22.1%
7.8%
Q2 25
19.7%
7.2%
Q1 25
15.8%
4.6%
Q4 24
3.1%
0.5%
Q3 24
20.0%
15.9%
Q2 24
17.7%
9.2%
EPS (diluted)
MCRI
MCRI
PRGS
PRGS
Q1 26
$1.52
Q4 25
$1.25
$0.59
Q3 25
$1.69
$0.44
Q2 25
$1.44
$0.39
Q1 25
$1.05
$0.24
Q4 24
$0.25
$0.01
Q3 24
$1.47
$0.65
Q2 24
$1.19
$0.37

Balance Sheet & Financial Strength

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

Metric
MCRI
MCRI
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$120.1M
$94.8M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$549.8M
$478.3M
Total Assets
$725.2M
$2.5B
Debt / EquityLower = less leverage
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MCRI
MCRI
PRGS
PRGS
Q1 26
$120.1M
Q4 25
$94.8M
Q3 25
$99.0M
Q2 25
$102.0M
Q1 25
$124.2M
Q4 24
$118.1M
Q3 24
$232.7M
Q2 24
$190.4M
Total Debt
MCRI
MCRI
PRGS
PRGS
Q1 26
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
Q2 24
Stockholders' Equity
MCRI
MCRI
PRGS
PRGS
Q1 26
$549.8M
Q4 25
$537.7M
$478.3M
Q3 25
$558.4M
$477.7M
Q2 25
$539.2M
$452.7M
Q1 25
$535.6M
$431.8M
Q4 24
$517.7M
$438.8M
Q3 24
$513.3M
$425.6M
Q2 24
$498.4M
$401.7M
Total Assets
MCRI
MCRI
PRGS
PRGS
Q1 26
$725.2M
Q4 25
$712.8M
$2.5B
Q3 25
$725.4M
$2.4B
Q2 25
$705.8M
$2.4B
Q1 25
$712.1M
$2.5B
Q4 24
$691.6M
$2.5B
Q3 24
$671.1M
$1.6B
Q2 24
$672.4M
$1.6B
Debt / Equity
MCRI
MCRI
PRGS
PRGS
Q1 26
Q4 25
2.93×
Q3 25
2.97×
Q2 25
3.22×
Q1 25
3.50×
Q4 24
3.48×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
MCRI
MCRI
PRGS
PRGS
Operating Cash FlowLast quarter
$62.8M
Free Cash FlowOCF − Capex
$59.9M
FCF MarginFCF / Revenue
23.7%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$229.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MCRI
MCRI
PRGS
PRGS
Q1 26
Q4 25
$38.1M
$62.8M
Q3 25
$56.0M
$73.4M
Q2 25
$34.1M
$30.0M
Q1 25
$36.5M
$68.9M
Q4 24
$37.8M
$19.7M
Q3 24
$40.3M
$57.7M
Q2 24
$24.3M
$63.7M
Free Cash Flow
MCRI
MCRI
PRGS
PRGS
Q1 26
Q4 25
$32.2M
$59.9M
Q3 25
$53.5M
$72.4M
Q2 25
$26.0M
$29.5M
Q1 25
$16.6M
$67.7M
Q4 24
$26.2M
$16.8M
Q3 24
$35.4M
$56.6M
Q2 24
$11.0M
$62.7M
FCF Margin
MCRI
MCRI
PRGS
PRGS
Q1 26
Q4 25
23.0%
23.7%
Q3 25
37.5%
29.0%
Q2 25
19.0%
12.4%
Q1 25
13.3%
28.4%
Q4 24
19.5%
7.8%
Q3 24
25.7%
31.7%
Q2 24
8.5%
35.8%
Capex Intensity
MCRI
MCRI
PRGS
PRGS
Q1 26
Q4 25
4.2%
1.1%
Q3 25
1.7%
0.4%
Q2 25
5.9%
0.2%
Q1 25
15.8%
0.5%
Q4 24
8.6%
1.3%
Q3 24
3.6%
0.6%
Q2 24
10.4%
0.5%
Cash Conversion
MCRI
MCRI
PRGS
PRGS
Q1 26
Q4 25
1.66×
2.44×
Q3 25
1.77×
3.78×
Q2 25
1.26×
1.76×
Q1 25
1.84×
6.30×
Q4 24
8.98×
17.13×
Q3 24
1.46×
2.03×
Q2 24
1.07×
3.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MCRI
MCRI

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

PRGS
PRGS

Maintenanceand Services$187.5M74%
Share File Acquisition$67.5M27%

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