AMC
AMC Entertainment Holdings, Inc.
AMC's outlook is improving, though it still trails on the overall score.
MCS
The Marcus Corporation
MCS has the edge over AMC overall, supported by lower modeled downside and stronger modeled upside.
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.
MCS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Strong |
MCS's revenue, profitability, cash flow and balance sheet are all currently healthy.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
MCS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 31x | $27.22 | — |
| Cheap | 32x | $24.94 | -8.4% |
| Current | 34x | $27.22 | — |
| Fair | 42x | $33.12 | +22% |
| Expensive | 429x | $339 | +1145% |
Historical ranges are pointers, not guarantees.
MCS's PE is in its cheap range at 34x. If earnings grow as analysts expect, today's price would be 31x next year's earnings.
AMC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
AMC has the edge over MCS on the outlook, with more favorable revenue expectations.
MCS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Stable | |
| Improving | |
| Limited | |
| Low |
Analysts expect MCS'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.
MCS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.87 | +10% |
| Q3 2026 | $0.79 | +216% |
| Q2 2026 | $0.71 | +54% |
| Q1 2026 | $0.44 | +$0.84 |
| Q4 2025 | $0.41 | +$0.65 |
| Q3 2025 | $0.25 | +$0.49 |
| Q2 2025 | $0.46 | +$1.13 |
| Q1 2025 | -$0.40 | -238% |
| Q4 2024 | -$0.24 | -167% |
MCS 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 has the edge over MCS on profitability, with a higher operating margin.
MCS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $237.8M | +13% |
| Q2 2026 | $231.7M | +12% |
| Q1 2026 | $154.4M | +3.8% |
| Q4 2025 | $193.5M | +2.8% |
| Q3 2025 | $210.2M | -9.7% |
| Q2 2025 | $206M | +17% |
| Q1 2025 | $148.8M | +7.4% |
| Q4 2024 | $188.3M | +17% |
MCS's revenue has grown year over year for four quarters in a row: $238M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +1.9 points |
| Q2 2026 | 12% | +5.4 points |
| Q1 2026 | -12% | +1.3 points |
| Q4 2025 | 0.9% | +2.1 points |
| Q3 2025 | 11% | -3.3 points |
| Q2 2025 | 6.3% | +5 points |
| Q1 2025 | -14% | -1.7 points |
| Q4 2024 | -1.2% | -1.9 points |
MCS's operating margin was 13% last quarter, up 1.9 points from the same quarter a year ago, near the top of its range since 2019.
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 MCS on cash flow, with more consistent year-over-year improvement.
MCS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $28.4M | +56% |
| Q2 2026 | $44M | +198% |
| Q1 2026 | -$21.9M | +$36.5M |
| Q4 2025 | $26.4M | -2.7% |
| Q3 2025 | $18.2M | +51% |
| Q2 2025 | $14.7M | -8.7% |
| Q1 2025 | -$58.3M | -$27.8M |
| Q4 2024 | $27.1M | +29% |
MCS generated $77M in free cash flow over the past year, more than ten times what it generated 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.
MCS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.5% | +455K shares |
| 1 year | +1.1% | +329K shares |
| 3 years | -23% | -9.5M shares |
| 5 years | +0.3% | +100K shares |
| Available history | +1.1% | +352K shares |
MCS has the edge over AMC on shareholder dilution, with a more favorable share count trend.
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.
MCS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.8x | Very low |
| Q2 2026 | 1.2x | Healthy |
| Q1 2026 | 1.8x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 2.3x | Moderate |
| Q4 2024 | 1.4x | Healthy |
MCS 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).
MCS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.6 | Neutral |
| Stochastic | 21.4 | Neutral |
MCS's weekly RSI is 59 (neutral) and its Stochastic is 21 (neutral).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
MCS PE vs Communication Services Sector
| Metric | MCS | Sector median | Relative |
|---|---|---|---|
| PE | 34x | 16x | 109% above |
| PE % | 23 | 26 | 3 pts below |
MCS is trading at 34x earnings, a 109% 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 bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 69% below its 200-week average.
MCS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $27.3 | 0.4% below |
| 20 week MA | $27.1 | 0.6% above |
| 50 week MA | $21.3 | 28% above |
| 100 week MA | $19.2 | 42% above |
| 200 week MA | $17.1 | 59% above |
MCS's trend is up, with a small recent dip: it's below only its 8-week average, and 59% 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 MCS on returns for 2026, with the stronger performance.
MCS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.9 | $12.5 | -61% |
| 2021 | $12.5 | $17.9 | +44% |
| 2022 | $17.9 | $13.9 | -22% |
| 2023 | $13.9 | $14.6 | +4.8% |
| 2024 | $14.6 | $21.4 | +47% |
| 2025 | $21.4 | $15.4 | -28% |
| 2026 YTD | $15.4 | $27.2 | +77% |
MCS is up 77% so far in 2026, after finishing lower in three of the previous six years.