AMC
AMC Entertainment Holdings, Inc.
AMC has the edge over LUMN overall, supported by stronger fundamentals and stronger modeled upside.
LUMN
Lumen Technologies, Inc.
LUMN has lower modeled downside risk, despite its lower overall score.
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.
LUMN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Weak | |
| Weak |
LUMN's profitability is currently stable, but its revenue, cash flow and balance sheet are under pressure.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
LUMN PE Valuation
LUMN has no meaningful PE right now: it lost money over the past year.
AMC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
AMC has the edge over LUMN on the outlook, with more favorable revenue expectations.
LUMN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Decline | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect LUMN's losses to shrink, with revenue declining.
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.
LUMN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.67 | +$0.99 |
| Q2 2026 | -$1.03 | +$0.16 |
| Q1 2026 | -$1.75 | -$1.43 |
| Q4 2025 | -$1.75 | -$1.69 |
| Q3 2025 | -$1.66 | +$0.52 |
| Q2 2025 | -$1.19 | +$0.92 |
| Q1 2025 | -$0.32 | +$10.62 |
| Q4 2024 | -$0.06 | +$10.42 |
LUMN has the edge over AMC on earnings, with more consistent year-over-year improvement.
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 has the edge over LUMN on sales, with more consistent year-over-year improvement.
| 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 has the edge over LUMN on profitability, with a higher operating margin.
LUMN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.7B | -12% |
| Q2 2026 | $2.8B | -9.3% |
| Q1 2026 | $2.9B | -8.9% |
| Q4 2025 | $3B | -8.7% |
| Q3 2025 | $3.1B | -4.2% |
| Q2 2025 | $3.1B | -5.4% |
| Q1 2025 | $3.2B | -3.3% |
| Q4 2024 | $3.3B | -5.3% |
LUMN's revenue has slid since its 2019 peak: $2.7B last quarter, down 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -6.2% | -2.4 points |
| Q2 2026 | -3.1% | +16 points |
| Q1 2026 | 21% | +17 points |
| Q4 2025 | -6.6% | -11 points |
| Q3 2025 | -3.8% | -7.7 points |
| Q2 2025 | -20% | -24 points |
| Q1 2025 | 3.4% | +2 points |
| Q4 2024 | 4.6% | +55 points |
LUMN's operating margin was −6.2% last quarter, down 2.4 points from the same quarter a year ago.
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 has the edge over LUMN on cash generation, producing positive trailing cash flow while its opponent burns cash.
LUMN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$354M | -124% |
| Q2 2026 | $69M | +$390M |
| Q1 2026 | $380M | +25% |
| Q4 2025 | -$1.1B | -$855M |
| Q3 2025 | $1.5B | +24% |
| Q2 2025 | -$321M | -$79M |
| Q1 2025 | $304M | -22% |
| Q4 2024 | -$227M | -$190M |
LUMN's free cash flow has turned negative after years in the green: −$987M over the past year.
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.
LUMN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +669K shares |
| 1 year | +0.9% | +8.8M shares |
| 3 years | +2.2% | +21.2M shares |
| 5 years | -6% | -64.4M shares |
| Available history | -6.2% | -66.7M shares |
LUMN has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2022 | $200M |
| Q4 2021 | $91M |
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 has the edge over LUMN on leverage, with a lower net debt burden relative to earnings.
LUMN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.3x | High |
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 4.8x | High |
| Q4 2025 | 8.5x | High |
| Q3 2025 | 6.4x | High |
| Q2 2025 | 6.2x | High |
| Q1 2025 | 4.6x | High |
| Q4 2024 | 4.7x | High |
LUMN's net debt is about 4.3 years of its operating earnings (EBITDA), down from 6.4 years a year ago.
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).
LUMN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.2 | Neutral |
| Stochastic | 11.7 | Oversold |
LUMN's weekly RSI is 34 (neutral) and its Stochastic is 12 (oversold).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
LUMN PE vs Communication Services Sector
| Metric | LUMN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 16x | — |
LUMN has no meaningful PE right now: it lost money over the past year.
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 LUMN on trend strength, trading above more of its moving averages.
LUMN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.88 | 15% below |
| 20 week MA | $5.81 | 28% below |
| 50 week MA | $7.24 | 42% below |
| 100 week MA | $6.23 | 33% below |
| 200 week MA | $4.53 | 7.9% below |
LUMN is in a downtrend: it's below all five of its weekly moving averages, and 7.9% below 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 LUMN on returns for 2026, with the stronger performance.
LUMN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.4 | $9.86 | -27% |
| 2021 | $9.86 | $12.8 | +30% |
| 2022 | $12.8 | $5.24 | -59% |
| 2023 | $5.24 | $1.83 | -65% |
| 2024 | $1.83 | $5.49 | +200% |
| 2025 | $5.49 | $7.69 | +40% |
| 2026 YTD | $7.69 | $4.17 | -46% |
LUMN's yearly returns have swung widely, from +200% in 2024 to −65% in 2023. It's down 46% so far in 2026.