Reading International vs Reservoir Media
Reading International is the larger business, with $203m of revenue in fiscal 2025 against $176m for Reservoir Media (1.2 times as much). Reservoir Media grew faster (10.7% against -3.6%). Reservoir Media kept more of each dollar of sales as profit: a net margin of 4.7% against -7.0%.
| Latest fiscal year | Reading InternationalRDI, 2025 | Reservoir MediaRSVR, 2026 |
|---|---|---|
| Revenue | $203m | $176m |
| Revenue growth | -3.6% | 10.7% |
| Net income | −$14.1m | $8.3m |
| Operating margin | — | — |
| Net margin | -7.0% | 4.7% |
| Return on equity | — | 2.2% |
| Free cash flow | −$2.9m | $49.7m |
| Cash | $10.5m | $25.9m |
| Total debt | $221m | $459m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $39.3m | $655m |
| Price vs our value range | — | Within our value range |
| Moat score | 28 (Weak) | 63 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |