In the filings, growth is accelerating: twelve-month revenue rose 15.9%, a rate 9.5 percentage points higher than a quarter earlier.
Source: SEC EDGAR XBRL company facts. Latest period shown: FY26 Q3.
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| Period | Revenue growth, TTM YoY | Operating margin (TTM) | FCF margin (TTM) |
|---|---|---|---|
| FY24 Q4 | -3.6% | -1.7% | -6.4% |
| FY25 Q1 | -5.4% | -2.6% | -10.4% |
| FY25 Q2 | 9.4% | 0.5% | -6.2% |
| FY25 Q3 | 9.7% | -0.3% | -6.1% |
| FY25 Q4 | 4.6% | -0.4% | -7.5% |
| FY26 Q1 | 10.6% | 1.6% | -2.5% |
| FY26 Q2 | 6.4% | 4.4% | -0.4% |
| FY26 Q3 | 15.9% | 7.8% | 3.0% |
The value hinges on margins more than growth
Revenue over the twelve months to Q3 2026 was $5.6 billion, up 15.9% on the year before. The growth rate itself was 9.5 percentage points higher than a quarter earlier, so the pace of expansion is rising, not just the level.
Free cash flow rose 92.7% over the year to $168.0 million, against revenue growth of 15.9%. The free-cash-flow margin reached 3.0% of revenue, up 9.0 percentage points from a year earlier. The average diluted share count, however, rose 51.7% over the year, so the per-share gain is smaller than the 92.7% headline.
The acceleration in revenue growth is the assumption the model depends on most.
Operating cash flow fell 135.8% over the year, to $410.2 million, while capital spending fell 4.0%, to $242.2 million. Free cash flow still rose because spending fell; the operating inflow that feeds it is shrinking.
Where AMC Entertainment Holdings' figures sit in its own record
Today's free-cash-flow margin of 3.0% is higher than 88% of the company's past quarterly readings, which have ranged from −301.1% to 4.8%. Operating margin at 7.8% sits above 94% of past readings (−566.4% to 8.6%). Revenue growth of 15.9% is above 68% of past readings (−91.4% to 604.7%).
What AMC Entertainment Holdings' share price implies against our model
A free-cash-flow margin 1 percentage point lower would reduce value by 10.9%.
What the filings cannot tell you at AMC Entertainment Holdings
Our figures run to Q3 2026 from the company's own filings; they cannot confirm, explain or rule out anything in the reports. The revenue growth of 15.9% bears on the record-revenue claim in reports, while the trailing net loss of $146.6 million and the negative net margin of −2.6% bear on the profitability references, though the filings do not reconcile the two.