AMC
AMC Entertainment Holdings, Inc.
AMC offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
NMAX
Newsmax, Inc.
NMAX has the edge over AMC overall, supported by lower modeled downside and stronger fundamentals.
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.
NMAX Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Healthy | |
| Stable | |
| Strong |
NMAX's revenue, profitability and balance sheet are currently healthy, and its cash flow is stable.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
NMAX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 75x | $7.29 | — |
| Forward | 2,187x | $7.29 | — |
| Cheap | N/A | N/A | N/A |
| Fair | N/A | N/A | N/A |
| Expensive | N/A | N/A | N/A |
Historical ranges are pointers, not guarantees.
NMAX's PE is 75x, but its earnings don't support one, so it isn't a reliable read right now.
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.
NMAX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect NMAX to return to profit, with revenue growing.
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.
NMAX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.00 | -97% |
| Q3 2026 | $0.10 | +$1.29 |
| Q2 2026 | -$0.05 | +$1.20 |
| Q1 2026 | -$0.66 | +$0.14 |
| Q4 2025 | -$1.13 | +$0.31 |
| Q3 2025 | -$1.19 | +$0.51 |
| Q2 2025 | -$1.25 | +$0.67 |
NMAX 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.
NMAX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $69M | +52% |
| Q2 2026 | $54.1M | +17% |
| Q1 2026 | $51.7M | +14% |
| Q4 2025 | $52.2M | +9.6% |
| Q3 2025 | $45.3M | +4% |
| Q2 2025 | $46.4M | +18% |
| Q1 2025 | $45.3M | +12% |
| Q4 2024 | $47.7M | +26% |
NMAX's revenue has grown year over year every quarter since late 2024: $69M last quarter, up 52% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +37 points |
| Q2 2026 | 2.4% | +167 points |
| Q1 2026 | -8.7% | +17 points |
| Q4 2025 | -8.9% | +2.4 points |
| Q3 2025 | -16% | +4.3 points |
| Q2 2025 | -165% | -152 points |
| Q1 2025 | -26% | +100 points |
| Q4 2024 | -11% | -3.1 points |
NMAX 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 has the edge over NMAX on cash flow, with more consistent year-over-year improvement.
NMAX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $9.6M | +$78.8M |
| Q2 2026 | -$1.3M | +$22.6M |
| Q1 2026 | -$2.9M | +$12.9M |
| Q4 2025 | $1.8M | +$29.8M |
| Q3 2025 | -$69.2M | -$55.2M |
| Q2 2025 | -$23.8M | -$19.6M |
| Q1 2025 | -$15.8M | -$12.4M |
| Q4 2024 | -$28M | -2550% |
NMAX's free cash flow has turned positive after two years mostly in the red: $7M 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.
NMAX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -60.2K shares |
| 1 year | +0.6% | +745K shares |
| 3 years | +57% | +47.1M shares |
NMAX has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
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.
NMAX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.1x | Net Cash |
NMAX 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).
NMAX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.7 | Neutral |
| Stochastic | 5.5 | Oversold |
NMAX's weekly RSI is 39 (neutral) and its Stochastic is 5 (oversold).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
NMAX PE vs Communication Services Sector
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 NMAX above 0 of 3.
NMAX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.76 | 17% below |
| 20 week MA | $9.23 | 21% below |
| 50 week MA | $8.04 | 9.3% below |
NMAX is in a downtrend: it's below all three of its weekly moving averages, and 9.3% below its 50-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 NMAX on returns for 2026, with the stronger performance.
NMAX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $45.0 | $8.67 | -81% |
| 2026 YTD | $8.67 | $7.29 | -16% |
NMAX has finished every year since 2025 lower, and it's down 16% so far in 2026.