AMC
AMC Entertainment Holdings, Inc.
AMC's outlook is improving, though it still trails on the overall score.
IMAX
IMAX Corporation
IMAX has the edge over AMC overall, supported by stronger valuation and lower modeled downside.
AMC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Stable | |
| Under pressure |
AMC's revenue is currently healthy, and its profitability and cash flow are stable, but its balance sheet is under pressure.
IMAX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
IMAX's revenue, profitability, cash flow and balance sheet are all currently strong.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
IMAX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 21x | $47.89 | — |
| Forward | 24x | $47.89 | — |
| Cheap | 35x | $81.28 | +70% |
| Fair | 53x | $122 | +154% |
| Expensive | 62x | $144 | +202% |
Historical ranges are pointers, not guarantees.
IMAX's PE is in its cheap range at 21x. On analysts' estimates for next year's earnings, today's price would be 24x.
AMC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
AMC has the edge over IMAX on the outlook, with more favorable revenue expectations.
IMAX Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect IMAX's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
AMC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.40 | +$0.94 |
| Q2 2026 | -$1.10 | -$0.28 |
| Q1 2026 | -$1.09 | -$0.18 |
| Q4 2025 | -$1.34 | -$0.28 |
| Q3 2025 | -$1.34 | +$0.29 |
| Q2 2025 | -$0.82 | +$0.67 |
| Q1 2025 | -$0.91 | +$0.38 |
| Q4 2024 | -$1.06 | +$1.31 |
AMC lost $0.40 per share over the past year, a smaller loss than the year before.
IMAX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.01 | -13% |
| Q3 2026 | $2.32 | +231% |
| Q2 2026 | $0.73 | +24% |
| Q1 2026 | $0.66 | +43% |
| Q4 2025 | $0.63 | +31% |
| Q3 2025 | $0.70 | +59% |
| Q2 2025 | $0.59 | +47% |
| Q1 2025 | $0.46 | -4.2% |
| Q4 2024 | $0.48 | +4.3% |
IMAX has the edge over AMC on earnings quality, reporting a profit while its opponent remains loss making.
AMC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.7B | +32% |
| Q2 2026 | $1.6B | +14% |
| Q1 2026 | $1B | +21% |
| Q4 2025 | $1.3B | -1.4% |
| Q3 2025 | $1.3B | -3.6% |
| Q2 2025 | $1.4B | +36% |
| Q1 2025 | $862.5M | -9.3% |
| Q4 2024 | $1.3B | +18% |
AMC's revenue is growing: $1.7B last quarter, up 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | +12 points |
| Q2 2026 | 15% | +8.3 points |
| Q1 2026 | -4.4% | +13 points |
| Q4 2025 | 0% | -0.3 points |
| Q3 2025 | 2.8% | -2.6 points |
| Q2 2025 | 6.6% | +11 points |
| Q1 2025 | -17% | -5.5 points |
| Q4 2024 | 0.4% | +14 points |
AMC's operating margin was 15% last quarter, up 12 points from the same quarter a year ago, near the top of its range since 2019.
IMAX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $174.6M | +64% |
| Q2 2026 | $102.8M | +12% |
| Q1 2026 | $81.4M | -6.1% |
| Q4 2025 | $125.2M | +35% |
| Q3 2025 | $106.7M | +17% |
| Q2 2025 | $91.7M | +3.1% |
| Q1 2025 | $86.7M | +9.5% |
| Q4 2024 | $92.7M | +7.7% |
IMAX's revenue is growing: $175M last quarter, up 64% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 43% | +16 points |
| Q2 2026 | 20% | +4.5 points |
| Q1 2026 | 12% | -7.1 points |
| Q4 2025 | 19% | +9 points |
| Q3 2025 | 27% | +6 points |
| Q2 2025 | 16% | +12 points |
| Q1 2025 | 19% | +4.1 points |
| Q4 2024 | 10% | +7.1 points |
IMAX has the edge over AMC on profitability, with a higher operating margin.
AMC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $109.3M | +$190.4M |
| Q2 2026 | $190.1M | +114% |
| Q1 2026 | -$174.7M | +$242.3M |
| Q4 2025 | $43.3M | -62% |
| Q3 2025 | -$81.1M | +$11.1M |
| Q2 2025 | $88.9M | +$168.1M |
| Q1 2025 | -$417M | -$178.2M |
| Q4 2024 | $113.9M | +$263.8M |
AMC's free cash flow has turned positive after six years mostly in the red: $168M over the past year.
IMAX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $84.2M | +30% |
| Q2 2026 | $32M | +53% |
| Q1 2026 | $1.9M | -64% |
| Q4 2025 | $28M | +307% |
| Q3 2025 | $64.8M | +90% |
| Q2 2025 | $20.9M | -38% |
| Q1 2025 | $5.3M | +$17.4M |
| Q4 2024 | $6.9M | +11958% |
IMAX generated $146M in free cash flow over the past year, up 49% from the year before.
AMC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +24% | +175M shares |
| 1 year | +107% | +463M shares |
| 3 years | +767% | +793M shares |
| 5 years | +4063% | +875M shares |
AMC has 897M diluted shares, up 107% from a year ago.
IMAX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.5% | +1.4M shares |
| 1 year | +4.4% | +2.4M shares |
| 3 years | +4.5% | +2.5M shares |
| 5 years | -2.3% | -1.4M shares |
| Available history | -5.7% | -3.5M shares |
IMAX has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q3 2024 | — |
| Q2 2024 | $246,000 |
| Q1 2024 | $17.9M |
| Q3 2023 | $252,000 |
| Q2 2023 | $355,000 |
| Q1 2023 | $3.7M |
| Q4 2021 | $9.3M |
AMC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.0x | Elevated |
| Q2 2026 | 5.7x | High |
| Q1 2026 | 9.2x | High |
| Q4 2025 | 12.2x | High |
| Q3 2025 | 12.2x | High |
| Q2 2025 | 10.7x | High |
| Q1 2025 | 18.6x | High |
| Q4 2024 | 14.3x | High |
AMC's net debt is about 4.0 years of its operating earnings (EBITDA), down from 12 years a year ago.
IMAX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.0x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.9x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.4x | Net Cash |
| Q4 2024 | -0.6x | Net Cash |
IMAX has the edge over AMC on leverage, with a lower net debt burden relative to earnings.
AMC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 67.3 | Neutral |
| Stochastic | 65.4 | Neutral |
AMC's weekly RSI is 67 (neutral) and its Stochastic is 65 (neutral).
IMAX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.5 | Neutral |
| Stochastic | 24.2 | Neutral |
IMAX's weekly RSI is 51 (neutral) and its Stochastic is 24 (neutral).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
IMAX PE vs Communication Services Sector
| Metric | IMAX | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 16x | 25% above |
| PE % | 5 | 26 | 21 pts below |
IMAX is trading at 21x earnings, a 25% premium to the Communication Services sector's median of 16x.
AMC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.01 | 11% above |
| 20 week MA | $2.64 | 27% above |
| 50 week MA | $2.01 | 66% above |
| 100 week MA | $2.53 | 32% above |
| 200 week MA | $10.9 | 69% below |
AMC has the edge over IMAX on trend strength, trading above more of its moving averages.
IMAX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $51.2 | 6.5% below |
| 20 week MA | $49.0 | 2.2% below |
| 50 week MA | $42.2 | 13% above |
| 100 week MA | $35.0 | 37% above |
| 200 week MA | $26.6 | 80% above |
IMAX has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 80% above its 200-week average.
AMC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.5 | $12.6 | -66% |
| 2021 | $12.6 | $142.6 | +1036% |
| 2022 | $142.6 | $44.0 | -69% |
| 2023 | $44.0 | $6.12 | -86% |
| 2024 | $6.12 | $4.00 | -35% |
| 2025 | $4.00 | $1.69 | -58% |
| 2026 YTD | $1.69 | $3.34 | +98% |
AMC has the edge over IMAX on returns for 2026, with the stronger performance.
IMAX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.8 | $17.0 | -18% |
| 2021 | $17.0 | $18.4 | +8.1% |
| 2022 | $18.4 | $14.0 | -24% |
| 2023 | $14.0 | $15.0 | +7.6% |
| 2024 | $15.0 | $25.1 | +67% |
| 2025 | $25.1 | $37.7 | +50% |
| 2026 YTD | $37.7 | $47.9 | +27% |
IMAX has finished higher in four of the last six years, two of them by more than 50%. It's up 27% so far in 2026.