AMC
AMC Entertainment Holdings, Inc.
AMC has the edge over ZD overall, supported by stronger fundamentals and stronger modeled upside.
ZD
Ziff Davis, Inc.
ZD has slightly lower modeled downside risk, despite its lower overall score.
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.
ZD Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Healthy | |
| Stable | |
| Strong |
ZD's profitability and balance sheet are currently healthy, and its cash flow is stable, but its revenue is under pressure.
AMC PE Valuation
AMC has no meaningful PE right now: it lost money over the past year.
ZD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 3.1x | $51.69 | — |
| Forward | 9x | $51.69 | — |
| Cheap | 12x | $199 | +285% |
| Fair | 26x | $438 | +748% |
| Expensive | 44x | $751 | +1352% |
Historical ranges are pointers, not guarantees.
ZD's PE is in its cheap range at 3.0x. On analysts' estimates for next year's earnings, today's price would be 9.0x.
AMC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
AMC has the edge over ZD on the outlook, with more favorable revenue expectations.
ZD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Decline | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect ZD's earnings to grow and its profitability to improve, but its revenue to decline.
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.
ZD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.76 | -66% |
| Q3 2026 | $16.96 | +547% |
| Q2 2026 | $17.72 | +1007% |
| Q1 2026 | $1.18 | -33% |
| Q4 2025 | $1.15 | -19% |
| Q3 2025 | $2.62 | +110% |
| Q2 2025 | $1.60 | -5.3% |
| Q1 2025 | $1.75 | +37% |
| Q4 2024 | $1.42 | +60% |
ZD 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 ZD 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 ZD on profitability, with a higher operating margin.
ZD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $289.3M | -20% |
| Q2 2026 | $286.7M | -19% |
| Q1 2026 | $267.6M | -19% |
| Q4 2025 | $406.7M | -1.5% |
| Q3 2025 | $363.7M | +2.9% |
| Q2 2025 | $352.2M | +9.8% |
| Q1 2025 | $328.6M | +4.5% |
| Q4 2024 | $412.8M | +5.9% |
ZD's revenue has slid since its 2020 peak: $289M last quarter, down 20% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -12% | -19 points |
| Q2 2026 | -16% | -25 points |
| Q1 2026 | 1.1% | -9.6 points |
| Q4 2025 | 21% | +2.1 points |
| Q3 2025 | 7.8% | +16 points |
| Q2 2025 | 9.5% | +0.6 points |
| Q1 2025 | 11% | -0.7 points |
| Q4 2024 | 19% | -1.7 points |
ZD's operating margin was −12% last quarter, down 19 points from the same quarter a year ago, near the bottom 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's free cash flow has turned positive after six years mostly in the red: $168M over the past year.
ZD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$100.1M | -193% |
| Q2 2026 | $54M | +100% |
| Q1 2026 | -$3.2M | +$1.8M |
| Q4 2025 | $157.8M | +20% |
| Q3 2025 | $108.2M | +35% |
| Q2 2025 | $26.9M | +7.5% |
| Q1 2025 | -$5M | -111% |
| Q4 2024 | $131.1M | +99% |
ZD usually generates cash, though not every quarter: the latest was −$100M, but it generated $108M 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.
ZD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -7.2% | -2.6M shares |
| 1 year | -17% | -6.8M shares |
| 3 years | -27% | -12.3M shares |
| 5 years | -31% | -14.8M shares |
| Available history | -32% | -15.7M shares |
ZD has the edge over AMC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $92M |
| Q2 2026 | $121.5M |
| Q1 2026 | $51.6M |
| Q4 2025 | $60.6M |
| Q3 2025 | $44.4M |
| Q2 2025 | $33.9M |
| Q1 2025 | $34.9M |
| Q4 2024 | $1.2M |
ZD spent $326M buying back its own shares over the past year, up 185% 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.
ZD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.6x | Net Cash |
| Q2 2026 | -2.6x | Net Cash |
| Q1 2026 | 0.9x | Very low |
| Q4 2025 | 0.6x | Very low |
| Q3 2025 | 0.9x | Very low |
| Q2 2025 | 1.2x | Healthy |
| Q1 2025 | 1.3x | Healthy |
| Q4 2024 | 1.1x | Healthy |
ZD 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).
ZD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.7 | Neutral |
| Stochastic | 33.8 | Neutral |
ZD's weekly RSI is 50 (neutral) and its Stochastic is 34 (neutral).
AMC PE vs Communication Services Sector
AMC has no meaningful PE right now: it lost money over the past year.
ZD PE vs Communication Services Sector
| Metric | ZD | Sector median | Relative |
|---|---|---|---|
| PE | 3.1x | 16x | 82% below |
| PE % | 1 | 26 | 25 pts below |
ZD is trading at 3.0x earnings, a 82% discount 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 ZD on trend strength, trading above more of its moving averages.
ZD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $54.9 | 5.9% below |
| 20 week MA | $54.7 | 5.4% below |
| 50 week MA | $45.9 | 13% above |
| 100 week MA | $42.1 | 23% above |
| 200 week MA | $52.4 | 1.3% below |
ZD's trend is mixed: it's above two of its five weekly moving averages, and 1.3% below 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 ZD on returns for 2026, with the stronger performance.
ZD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $81.8 | $84.9 | +3.8% |
| 2021 | $84.9 | $111.0 | +31% |
| 2022 | $111.0 | $78.0 | -30% |
| 2023 | $78.0 | $67.2 | -14% |
| 2024 | $67.2 | $55.4 | -18% |
| 2025 | $55.4 | $35.9 | -35% |
| 2026 YTD | $35.9 | $51.7 | +44% |
ZD has finished four years in a row lower, and it's up 44% so far in 2026.