AMC
AMC Entertainment Holdings, Inc.
AMC offers stronger fundamentals, but that advantage does not outweigh its weaker overall profile.
NWSA
News Corporation
NWSA has the edge over AMC overall, supported by lower modeled downside and stronger valuation.
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.
NWSA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Healthy | |
| Strong |
NWSA's cash flow and balance sheet are currently healthy, and its revenue and profitability are stable.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
NWSA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 14x | $16.11 | -39% |
| Forward | 18x | $26.27 | — |
| Current | 24x | $26.27 | — |
| Fair | 32x | $36.05 | +37% |
| Expensive | 65x | $72.57 | +176% |
Historical ranges are pointers, not guarantees.
NWSA's PE is in its cheap range at 24x. If earnings grow as analysts expect, today's price would be 18x 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.
NWSA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for NWSA, 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.
NWSA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.44 | +28% |
| Q3 2026 | $1.12 | -46% |
| Q2 2026 | $1.03 | -50% |
| Q1 2026 | $2.01 | +134% |
| Q4 2025 | $2.03 | +178% |
| Q3 2025 | $2.07 | +234% |
| Q2 2025 | $2.08 | +352% |
| Q1 2025 | $0.86 | +146% |
| Q4 2024 | $0.73 | +87% |
NWSA 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 has the edge over NWSA 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 NWSA on profitability, with a higher operating margin.
NWSA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.3B | +6.4% |
| Q2 2026 | $2.3B | +11% |
| Q1 2026 | $2.2B | +8.8% |
| Q4 2025 | $2.4B | +5.5% |
| Q3 2025 | $2.1B | -17% |
| Q2 2025 | $2.1B | -18% |
| Q1 2025 | $2B | -17% |
| Q4 2024 | $2.2B | -13% |
NWSA's revenue is recovering but still below its 2021 peak: $2.3B last quarter, up 6.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +3.1 points |
| Q2 2026 | 12% | +5.6 points |
| Q1 2026 | 8.7% | +1.1 points |
| Q4 2025 | 16% | -3.7 points |
| Q3 2025 | 9.9% | +2 points |
| Q2 2025 | 6.3% | +2 points |
| Q1 2025 | 7.5% | +4.9 points |
| Q4 2024 | 19% | +8.5 points |
NWSA's operating margin was 13% last quarter, up 3.1 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 NWSA on cash flow, with more consistent year-over-year improvement.
NWSA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$89M | -2325% |
| Q2 2026 | $276M | +763% |
| Q1 2026 | $399M | -4.5% |
| Q4 2025 | $132M | -13% |
| Q3 2025 | $4M | +$35M |
| Q2 2025 | $32M | -71% |
| Q1 2025 | $418M | -0.9% |
| Q4 2024 | $152M | -39% |
NWSA usually generates cash, though not every quarter: the latest was −$89M, but it generated $718M 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.
NWSA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.8% | -15.7M shares |
| 1 year | -4.3% | -24.2M shares |
| 3 years | -5.5% | -31.4M shares |
| 5 years | -8.7% | -51.7M shares |
| Available history | -8.1% | -47.6M shares |
NWSA has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $166M |
| Q2 2026 | $185M |
| Q1 2026 | $192M |
| Q4 2025 | $172M |
| Q3 2025 | $92M |
| Q2 2025 | $36M |
| Q1 2025 | $36M |
| Q4 2024 | $40M |
NWSA spent $715M buying back its own shares over the past year, about four times what it spent 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.
NWSA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.2x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | 0.1x | Very low |
NWSA 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).
NWSA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.2 | Neutral |
| Stochastic | 20.2 | Neutral |
NWSA's weekly RSI is 42 (neutral) and its Stochastic is 20 (neutral).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
NWSA PE vs Communication Services Sector
| Metric | NWSA | Sector median | Relative |
|---|---|---|---|
| PE | 24x | 16x | 43% above |
| PE % | 32 | 26 | 6 pts above |
NWSA is trading at 24x earnings, a 43% 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 NWSA on trend strength, trading above more of its moving averages.
NWSA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.6 | 8.2% below |
| 20 week MA | $28.7 | 8.5% below |
| 50 week MA | $26.7 | 1.8% below |
| 100 week MA | $27.4 | 4% below |
| 200 week MA | $25.2 | 4.1% above |
NWSA has fallen below most of its moving averages, though it's still 4.1% 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 NWSA on returns for 2026, with the stronger performance.
NWSA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $14.2 | $17.8 | +26% |
| 2021 | $17.8 | $22.3 | +25% |
| 2022 | $22.3 | $18.3 | -18% |
| 2023 | $18.3 | $24.6 | +34% |
| 2024 | $24.6 | $27.8 | +13% |
| 2025 | $27.8 | $26.2 | -5.6% |
| 2026 YTD | $26.2 | $26.3 | +0.2% |
NWSA has finished higher in four of the last six years. It's roughly flat so far in 2026.