Mntn vs National Cinemedia
Mntn is the larger business, with $290m of revenue in fiscal 2025 against $243m for National Cinemedia (1.2 times as much). Mntn grew faster (28.6% against 1.0%). Mntn kept more of each dollar of sales as profit: a net margin of -2.2% against -4.4%. Mntn carries less debt relative to equity (0.0% against 3.2%).
| Latest fiscal year | MntnMNTN, 2025 | National CinemediaNCMI, 2025 |
|---|---|---|
| Revenue | $290m | $243m |
| Revenue growth | 28.6% | 1.0% |
| Net income | −$6.4m | −$10.6m |
| Operating margin | 8.3% | -5.7% |
| Net margin | -2.2% | -4.4% |
| Return on equity | -6.5% | -2.7% |
| Free cash flow | — | $2.8m |
| Cash | $210m | $34.6m |
| Total debt | $0 | $12.0m |
| Debt to equity | 0.0% | 3.2% |
| Dividend per share | — | $0.12 |
| Dividend yield | — | 7.5% |
| Share buybacks | $10.0m | $22.0m |
| Employees | 534 | 248 |
| Market value | $762m | $144m |
| Price vs our value range | — | Below our value range |
| Moat score | — | 23 (Weak) |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 22 sales |