AMC
AMC Entertainment Holdings, Inc.
AMC's outlook is improving, though it still trails on the overall score.
MSGE
Madison Square Garden Entertainment Corp.
MSGE 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.
MSGE Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Healthy |
MSGE'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.
MSGE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $26.77 | -66% |
| Forward | 33x | $78.80 | — |
| Current | 39x | $78.80 | — |
| Fair | 52x | $105 | +33% |
| Expensive | 69x | $139 | +77% |
Historical ranges are pointers, not guarantees.
MSGE's PE is in its fair range at 39x. If earnings grow as analysts expect, today's price would be 33x next year's earnings.
AMC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect AMC's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
MSGE Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for MSGE, with profitability improving. 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.
MSGE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.40 | +18% |
| Q3 2026 | $2.03 | +186% |
| Q2 2026 | $1.38 | +79% |
| Q1 2026 | $1.03 | -61% |
| Q4 2025 | $1.09 | -57% |
| Q3 2025 | $0.71 | -80% |
| Q2 2025 | $0.77 | -74% |
| Q3 2021 | -$15.88 | -$15.48 |
| Q2 2021 | -$17.02 | -1873% |
MSGE 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 MSGE on profitability, with a higher operating margin.
MSGE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $217.1M | +37% |
| Q2 2026 | $271.1M | +76% |
| Q1 2026 | $246.3M | +1.6% |
| Q4 2025 | $459.9M | +13% |
| Q3 2025 | $158.3M | +14% |
| Q2 2025 | $154.1M | -17% |
| Q1 2025 | $242.5M | +6.2% |
| Q4 2024 | $407.4M | +1.2% |
MSGE's revenue has grown year over year for five quarters in a row: $217M last quarter, up 37% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.5% | +23 points |
| Q2 2026 | -3.2% | +14 points |
| Q1 2026 | 6.5% | -4.7 points |
| Q4 2025 | 36% | +1.5 points |
| Q3 2025 | -19% | -5.5 points |
| Q2 2025 | -17% | -12 points |
| Q1 2025 | 11% | +3.9 points |
| Q4 2024 | 34% | 0 points |
MSGE's operating margin was 4.5% last quarter, up 23 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's free cash flow has turned positive after six years mostly in the red: $168M over the past year.
MSGE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$26.2M | -232% |
| Q2 2026 | -$16.6M | +$10.4M |
| Q1 2026 | $183.9M | +224% |
| Q4 2025 | $164.4M | +46% |
| Q3 2025 | $19.8M | +$47.2M |
| Q2 2025 | -$27M | -12841% |
| Q1 2025 | $56.8M | +876% |
| Q4 2024 | $112.9M | +8.7% |
MSGE usually generates cash, though not every quarter: the latest was −$26M, but it generated $305M 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.
MSGE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -3K shares |
| 1 year | +1.1% | +517K shares |
| 3 years | -4.8% | -2.4M shares |
| 5 years | +99% | +23.9M shares |
| Available history | +100% | +24M shares |
MSGE has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $25M |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | $25M |
| Q2 2025 | — |
| Q1 2025 | $14.7M |
| Q4 2024 | $25M |
MSGE spent $25M buying back its own shares over the past year, down 61% from the year before.
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.
MSGE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 1.6x | Healthy |
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 3.5x | Elevated |
| Q2 2025 | 3.1x | Elevated |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 3.0x | Elevated |
MSGE 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).
MSGE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.9 | Neutral |
| Stochastic | 27.7 | Neutral |
MSGE's weekly RSI is 57 (neutral) and its Stochastic is 28 (neutral).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
MSGE PE vs Communication Services Sector
| Metric | MSGE | Sector median | Relative |
|---|---|---|---|
| PE | 39x | 16x | 135% above |
| PE % | 45 | 25 | 20 pts above |
MSGE is trading at 39x earnings, a 135% 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 stronger trend alignment. AMC is above 4 of 5 weekly averages versus MSGE above 3 of 4.
MSGE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $79.0 | 0.2% below |
| 20 week MA | $78.4 | 0.5% above |
| 50 week MA | $68.8 | 15% above |
| 100 week MA | $53.6 | 47% above |
MSGE's trend is up, with a small recent dip: it's below only its 8-week average, and 47% above its 100-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 MSGE on returns for 2026, with the stronger performance.
MSGE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $59.0 | $31.8 | -46% |
| 2024 | $31.8 | $33.3 | +4.6% |
| 2025 | $33.3 | $54.0 | +62% |
| 2026 YTD | $54.0 | $78.8 | +46% |
MSGE has finished higher in two of the last three years. It's up 46% so far in 2026.