AMC
AMC Entertainment Holdings, Inc.
AMC's outlook is improving, though it still trails on the overall score.
TKO
TKO Group Holdings, Inc.
TKO 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.
TKO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Stable |
TKO's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
TKO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 26x | $194 | — |
| Current | 52x | $194 | — |
| Cheap | 65x | $243 | +25% |
| Fair | 78x | $290 | +49% |
| Expensive | 88x | $325 | +68% |
Historical ranges are pointers, not guarantees.
TKO's PE is in its cheap range at 52x. If earnings grow as analysts expect, today's price would be 26x 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.
TKO Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for TKO, 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.
TKO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.51 | +102% |
| Q3 2026 | $3.71 | +42% |
| Q2 2026 | $2.85 | +18% |
| Q1 2026 | $2.68 | +36% |
| Q4 2025 | $2.25 | +11150% |
| Q3 2025 | $2.61 | +$3.26 |
| Q2 2025 | $2.42 | +$3.61 |
| Q1 2025 | $1.97 | +$3.21 |
| Q4 2024 | $0.02 | -98% |
TKO 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.
TKO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +21% |
| Q2 2026 | $1.5B | +18% |
| Q1 2026 | $1.6B | +26% |
| Q4 2025 | $1B | +62% |
| Q3 2025 | $1.1B | +64% |
| Q2 2025 | $1.3B | +54% |
| Q1 2025 | $1.3B | +101% |
| Q4 2024 | $642.2M | +4.6% |
TKO has the edge over AMC on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 28% | +12 points |
| Q2 2026 | 28% | -0.4 points |
| Q1 2026 | 21% | +2.5 points |
| Q4 2025 | 5.5% | -10 points |
| Q3 2025 | 15% | -4.7 points |
| Q2 2025 | 28% | -1.8 points |
| Q1 2025 | 19% | +52 points |
| Q4 2024 | 16% | +5.6 points |
TKO 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's free cash flow has turned positive after six years mostly in the red: $168M over the past year.
TKO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $472.2M | +13% |
| Q2 2026 | $373.9M | -5.6% |
| Q1 2026 | $694.5M | +327% |
| Q4 2025 | $309.9M | +445% |
| Q3 2025 | $416.8M | +76% |
| Q2 2025 | $396.2M | +72% |
| Q1 2025 | $162.8M | +174% |
| Q4 2024 | $56.8M | -74% |
TKO's free cash flow has been positive every quarter since early 2021: $1.9B over the past year, up 79% from 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.
TKO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.3% | -1.7M shares |
| 1 year | -63% | -125M shares |
| 3 years | -11% | -9M shares |
| 5 years | -12% | -10.1M shares |
TKO has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $156.1M |
| Q2 2026 | $129.3M |
| Q1 2026 | $838.3M |
| Q4 2025 | $40.7M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2023 | — |
| Q1 2023 | — |
TKO spent $1.2B buying back its own shares over the past year.
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.
TKO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.6x | Moderate |
| Q4 2025 | 2.2x | Moderate |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | 3.3x | Elevated |
TKO 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).
TKO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.3 | Neutral |
| Stochastic | 56.1 | Neutral |
TKO's weekly RSI is 54 (neutral) and its Stochastic is 56 (neutral).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
TKO PE vs Communication Services Sector
| Metric | TKO | Sector median | Relative |
|---|---|---|---|
| PE | 52x | 16x | 217% above |
| PE % | 7 | 24 | 17 pts below |
TKO is trading at 52x earnings, a 217% 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 TKO above 3 of 4.
TKO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $181.3 | 7% above |
| 20 week MA | $185.4 | 4.7% above |
| 50 week MA | $195.0 | 0.5% below |
| 100 week MA | $181.5 | 6.9% above |
TKO's trend is mixed: it's above three of its four weekly moving averages, and 6.9% 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 TKO on returns for 2026, with the stronger performance.
TKO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $98.1 | $81.6 | -17% |
| 2024 | $81.6 | $144.0 | +77% |
| 2025 | $144.0 | $217.4 | +51% |
| 2026 YTD | $217.4 | $194.1 | -11% |
TKO has finished higher in two of the last three years, two of them by more than 50%. It's down 11% so far in 2026.