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Marcus Corp (MCS) stock

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NYSE: MCS NYSE Movies & Entertainment Next results ~January 28, 2027

B+ Fundamentals grade

Marcus Corp is a US-listed company in the movies & entertainment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$20

Cash-flow model

Base case. Range ~$15–$28 across our lower- and higher-growth cases (1.2%–11.2% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 31% above our base value.

Price used: $26.68, November 2, 2026

Marcus Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 4 selling1 purchase and 5 sales by directors and officers, last 12 monthsInsider trades
  • Funds70 adding, 53 cuttingOf 36 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Marcus files

10-Q filed October 29: Marcus

Model value −3.7%

Marcus Corp grew revenue to $817m in the twelve months to September 2026, up 8.5% on a year earlier and well ahead of the 1.8% pace recorded a quarter earlier. Margins improved too: the free-cash-flow margin climbed to 9.4% from 0.2%, while the operating margin widened to 4.9% from 1.7%. Our model value has eased from $21.15 to $20.36 a share, against a current price of $26.55. The rating remains Sell. At this valuation, the market appears to be pricing in cash-flow growth of around 9.7% a year over five years, slower than the 12.3% a year revenue growth the company has actually delivered.

Source: 10-Q filed October 29, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Marcus stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $817m, up 8.5% on a year earlier, faster than the 1.8% growth a quarter earlier. Free-cash-flow margin rose to 9.4% from 0.2% a year earlier. Operating margin widened to 4.9% from 1.7%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 6 financial-health checks. Our cash-flow model value is $21.15 a share.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Marcus Corp's trailing-twelve-month revenue grew 8.5% year on year, with a free-cash-flow margin of 9.4%. Where it stands out: days sales outstanding of 3 days ranks 1 of 17 movies & entertainment companies we cover.

Our discounted-cash-flow model values the business at ~$20 per share in the base case (~$15–$28 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 4380.9% while net income grew 226.4%: a 4154pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 6.7 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 3.1 points on a year ago.
  • Shrinking share count. Diluted shares fell 1.2% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Priced above our value. The share price of $26.68 is 24% above our value per share of $20.

Latest results: FY2026 Q3

Filed October 29, 2026
Earnings per share
$0.60 against an average estimate of $0.53: beat by 13.5%
Revenue
$238m, up 13.1% on a year earlier
Share reaction
-5.9% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Next report
October 29, 2026; average EPS estimate $0.18

Marcus' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.5%
  • 1 week-4.3%
  • 1 month-1.4%
  • This year+74.1%
  • 1 year+88.6%
  • 5 years+45.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$817M
Operating margin
4.9%
Net margin
3.1%
EPS (TTM, diluted)
$0.81

Growth

Revenue growth
+8.5%
Change in growth rate
+6.7 pts
Share count change
−1.2%

Cash

Free cash flow (TTM)
$76.9M
FCF margin
9.4%
Stock pay % of revenue
1.0%

Earnings

Last results
October 29, 2026
Next results (est.)
January 28, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Insider trade
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Marcus Corp valuation models and calculator

What the price is pricing in

The share price implies about 9.7% a year of cash-flow growth for five years.That is close to the 12.3% a year revenue growth Marcus has delivered.

  • Priced in9.7%
  • Last 12 months8.5%
  • 3 years a year3.8%
  • 5 years a year12.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($26.52, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$20
Price used
$26.52close November 3, 2026
Implied change
▼ 23%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Marcus Corp's free cash flow after stock-based pay with after-tax interest added back ($35.9M, FY2026 Q3 TTM), growing 3.7% and 5.5% in the next two years (forecasts, guidance and its record), then back to 6.2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$15–~$28 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Marcus Corp's free cash flow after stock-based pay ( $35.9M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Marcus Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.5%: the 10-year Treasury yield (4.9%) plus a beta of 0.79 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$20 ~$15–$28 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$10 ~$12–$38 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$5.9 ~$3.5–$9.1 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$2.6 ~$2.3–$3.0 Left out: out of range vs price (0.10x)
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$14 ~$5.9–$20 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Marcus Corp with Movies & Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −26%
  • Revenue growth 5 points higher ▲ +34%
  • Free-cash-flow margin 1 point lower ▼ −10%
  • Last year's free-cash-flow margin change, if it persists ▲ more than doubles
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $14$19$27$38$51$68
8.5% $10$14$20$27$37$49
10% $7$11$15$21$28$37

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$27.67$24.28$34.98$30.14$12.55$16.71$13.35$13.98$21.06$15.32$26.68
Market value$774m$690m$1.0bn$939m$389m$524m$420m$573m$671m$479m$828m
+ Net debt (− = net cash)$280m−$21m$222m$195m$306m$245m$159m$116m$120m$137m$90m
Enterprise value$1.1bn$669m$1.2bn$1.1bn$696m$769m$579m$689m$791m$616m$918m
Multiples
Price / sales 1.3x1.1x1.4x1.1x1.6x1.1x0.6x0.8x0.9x0.6x1.0x
Price / earnings 20.4x10.6x18.8x22.3x———38.7x—37.8x32.9x
Price / free cash flow ——12.8x12.1x—18.0x7.5x9.0x27.1xn/m10.8x
EV / EBITDA 9.3x5.2x8.5x8.1x—25.1x7.7x6.8x9.4x7.1x8.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

30 /100

Weak moat

How hard Marcus's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.7% of total assets over 10 years.

  • Durability 0 / 20

    Operating margin has been a median 3.9%; its worst year was -34.0%.

  • Cash conversion 11 / 20

    Free cash flow was positive in 8 of 10 years, at a median 5.8% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 0.2% over five years; stock-based pay has been a median 1.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (34 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.02 +150% $826m +9%
Next $0.84 — $838m +2%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +91.9% on 90 days ago. In the last 30 days, 3 analysts raised Marcus Corp's forecast and 0 cut it.

Consensus EPS forecast Marcus Corp, last 90 days
$0.40 $0.60 $0.80 $1.00 $1.20 $1.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.53 Current fiscal year, 60 days ago: $1.28 Current fiscal year, 30 days ago: $1.28 Current fiscal year, 7 days ago: $1.28 Current fiscal year, Now: $1.02 $1.02

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal year
90 days ago $0.53
60 days ago $1.28
30 days ago $1.28
7 days ago $1.28
Now $1.02

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.53 $0.60 +13.5%
Jun 2026 $0.35 $0.51 +47.1%
Mar 2026 −$0.54 −$0.51 +5.6%
Dec 2025 $0.14 $0.19 +40.7%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Marcus Corp's revenue by +3.7% next year and +5.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+2.1%, weight 60%) and the company's own record (+6.2%, weight 40%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy480%
Hold120%
Sell00%

Monthly trend

  1. Oct 20261315
  2. Sep 20261315
  3. Aug 20261315

Counts of recommendations published by analysts covering Marcus Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.7%
of tradable shares
Days to cover
5.06
at average volume
Short interest, 1 month
+29%
to October 15, 2026
Held by institutions
89%
of shares
Held by insiders
7.1%
of shares
Employees
2,349
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +88.6%

$14.15 on October 31, 2025 to $26.68

ThenNowEffect
Revenue (last 12 months) $776m $790m +1.8%
Net margin 1.9% 2.9% +50.5%
P/E multiple 30.2x 36.4x +20.5%
Share count 32m 31m +2.2%

Biggest factor: net margin.

Last 3 years +81.0%

$14.74 on November 3, 2023 to $26.68

ThenNowEffect
Revenue (last 12 months) $706m $790m +11.9%
P/S multiple 0.8x 1.0x +30.2%
Share count 38m 31m +24.2%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MCS+33%−19%+3%+50%−27%+74%
Industry peers (median)−7%−43%+7%+24%+6%+10%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MCS67%33%58%58%25%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MCS−39%−28%−22%−32%−41%−15%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 84% from January 29, 2019 to October 14, 2020. Getting back needed a 519% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$14.33 – $31.03
From 52-week high
−14.0%
vs 50-day average
−4.5%
vs 200-day average
+21.5%
Volatility (1 year)
38%
Beta vs S&P 500
0.61

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±8.9%
After a week
6 up, 5 down
typical move ±11.8%
After a month
7 up, 4 down
typical move ±13.6%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 −5.9% −2.1% — —
July 30, 2026 +16.6% +2.4% +22.7% +16.6%
April 30, 2026 −7.4% +1.3% −3.6% +6.2%
February 26, 2026 +6.0% −1.0% +10.7% +4.7%
October 31, 2025 +10.2% +0.5% +14.1% +17.5%
August 1, 2025 −9.7% −0.1% −10.7% −5.7%
May 6, 2025 +2.5% −0.4% +6.2% +4.9%
February 27, 2025 −12.1% −0.1% −20.3% −20.6%
October 31, 2024 +20.1% −1.5% +28.1% +35.3%
August 1, 2024 +4.6% −3.3% +2.6% +13.0%
May 2, 2024 −9.2% +2.2% −9.2% −20.6%
February 29, 2024 −2.6% +1.3% −2.0% −4.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Marcus Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Marcus Corp in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Marcus Corp
$650M $700M $750M $800M $850M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $729.6M Revenue (TTM), FY24 Q1: $715.8M Revenue (TTM), FY24 Q2: $684.9M Revenue (TTM), FY24 Q3: $708.8M Revenue (TTM), FY24 Q4: $735.6M Revenue (TTM), FY25 Q1: $745.8M Revenue (TTM), FY25 Q2: $775.8M Revenue (TTM), FY25 Q3: $753.3M Revenue (TTM), FY25 Q4: $758.5M Revenue (TTM), FY26 Q1: $764.1M Revenue (TTM), FY26 Q2: $789.8M Revenue (TTM), FY26 Q3: $817.4M $817.4M

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $729.6M
FY24 Q1 $715.8M
FY24 Q2 $684.9M
FY24 Q3 $708.8M
FY24 Q4 $735.6M
FY25 Q1 $745.8M
FY25 Q2 $775.8M
FY25 Q3 $753.3M
FY25 Q4 $758.5M
FY26 Q1 $764.1M
FY26 Q2 $789.8M
FY26 Q3 $817.4M
Revenue growth, TTM YoY Marcus Corp
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 7.7% Revenue growth, TTM YoY, FY24 Q1: 2.6% Revenue growth, TTM YoY, FY24 Q2: -3.0% Revenue growth, TTM YoY, FY24 Q3: -3.0% Revenue growth, TTM YoY, FY24 Q4: 0.8% Revenue growth, TTM YoY, FY25 Q1: 4.2% Revenue growth, TTM YoY, FY25 Q2: 13.3% Revenue growth, TTM YoY, FY25 Q3: 6.3% Revenue growth, TTM YoY, FY25 Q4: 3.1% Revenue growth, TTM YoY, FY26 Q1: 2.5% Revenue growth, TTM YoY, FY26 Q2: 1.8% Revenue growth, TTM YoY, FY26 Q3: 8.5% 8.5%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 7.7%
FY24 Q1 2.6%
FY24 Q2 -3.0%
FY24 Q3 -3.0%
FY24 Q4 0.8%
FY25 Q1 4.2%
FY25 Q2 13.3%
FY25 Q3 6.3%
FY25 Q4 3.1%
FY26 Q1 2.5%
FY26 Q2 1.8%
FY26 Q3 8.5%
Operating margin (TTM) Marcus Corp
0% 2% 4% 6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 4.7% Operating margin (TTM), FY24 Q1: 3.7% Operating margin (TTM), FY24 Q2: 1.1% Operating margin (TTM), FY24 Q3: 2.8% Operating margin (TTM), FY24 Q4: 2.2% Operating margin (TTM), FY25 Q1: 1.7% Operating margin (TTM), FY25 Q2: 3.0% Operating margin (TTM), FY25 Q3: 1.7% Operating margin (TTM), FY25 Q4: 2.2% Operating margin (TTM), FY26 Q1: 2.4% Operating margin (TTM), FY26 Q2: 4.1% Operating margin (TTM), FY26 Q3: 4.9% 4.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 4.7%
FY24 Q1 3.7%
FY24 Q2 1.1%
FY24 Q3 2.8%
FY24 Q4 2.2%
FY25 Q1 1.7%
FY25 Q2 3.0%
FY25 Q3 1.7%
FY25 Q4 2.2%
FY26 Q1 2.4%
FY26 Q2 4.1%
FY26 Q3 4.9%
FCF margin (TTM) Marcus Corp
-5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 8.8% FCF margin (TTM), FY24 Q1: 7.0% FCF margin (TTM), FY24 Q2: 2.6% FCF margin (TTM), FY24 Q3: 2.6% FCF margin (TTM), FY24 Q4: 3.4% FCF margin (TTM), FY25 Q1: -0.4% FCF margin (TTM), FY25 Q2: -0.6% FCF margin (TTM), FY25 Q3: 0.2% FCF margin (TTM), FY25 Q4: 0.1% FCF margin (TTM), FY26 Q1: 4.9% FCF margin (TTM), FY26 Q2: 8.4% FCF margin (TTM), FY26 Q3: 9.4% 9.4%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 8.8%
FY24 Q1 7.0%
FY24 Q2 2.6%
FY24 Q3 2.6%
FY24 Q4 3.4%
FY25 Q1 -0.4%
FY25 Q2 -0.6%
FY25 Q3 0.2%
FY25 Q4 0.1%
FY26 Q1 4.9%
FY26 Q2 8.4%
FY26 Q3 9.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-KT, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Marcus took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $758M
  2. Selling, general and admin $92.6M · 12.2%
  3. Other operating costs $649M · 85.5%
  4. Operating income $17.1M · 2.2%
  5. Interest and other $4.4M · 0.6%
  6. Net income $12.7M · 1.7%

Shares of revenue. Source: Marcus's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 May 2010 2011 May 2011 2012 May 2012 2013 May 2013 2014 May 2014 2015 May 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 379 377 414 413 448 488 574 654 707 821 238 458 677 730 736 758 817
EBITDA 69 67 81 72 82 89 113 129 145 140 −103 31 75 101 84 87 110
Operating income 36 33 47 38 49 51 71 77 83 68 −178 −41 8 34 16 17 40
Net income 16 14 23 18 25 24 38 65 53 42 −125 −43 −12 15 −8 13 25
Diluted EPS — — — — — — — — — — — — — — — — $0.81
Growth (year on year)
Revenue — −0.5% +9.8% −0.3% +8.5% +9.0% +17.7% +13.8% +8.2% +16.1% −71.0% +92.8% +47.8% +7.7% +0.8% +3.1% +8.5%
EBITDA — −2.2% +20.9% −11.1% +14.2% +8.2% +27.3% +13.9% +12.0% −2.8% −173.6% — +145.7% +34.3% −16.9% +3.7% +32.0%
Operating income — −7.5% +38.9% −17.9% +27.9% +3.6% +41.1% +8.2% +7.6% −18.0% −361.7% — — — −52.3% +5.5% —
Net income — −15.9% +67.7% −23.0% +42.8% −4.0% +58.0% +71.5% −17.9% −21.3% −397.1% — — — −152.6% — —
Margins
EBITDA margin 18.1% 17.8% 19.6% 17.4% 18.4% 18.2% 19.7% 19.7% 20.4% 17.1% −43.5% 6.7% 11.1% 13.9% 11.4% 11.5% 13.5%
Operating margin 9.6% 8.9% 11.2% 9.3% 10.9% 10.4% 12.4% 11.8% 11.8% 8.3% −75.1% −9.0% 1.2% 4.7% 2.2% 2.2% 4.9%
Net margin 4.3% 3.6% 5.5% 4.2% 5.6% 4.9% 6.6% 9.9% 7.6% 5.1% −52.5% −9.4% −1.8% 2.0% −1.1% 1.7% 3.1%
Free-cash-flow margin 7.3% 12.1% 9.0% 9.8% 2.2% 1.1% −0.2% −0.9% 11.1% 9.4% −37.8% 6.4% 8.3% 8.8% 3.4% 0.1% 9.4%
Cash flow
Cash from operations 53 62 69 63 66 80 83 109 137 141 −69 46 93 103 104 84 126
Capital spending 25 16 32 23 57 75 84 115 59 64 21 17 37 39 79 83 49
Free cash flow 28 45 37 41 10 5 −1 −6 79 77 −90 29 56 64 25 1 77
Stock-based pay 2 2 2 2 2 1 2 2 3 4 4 9 8 6 8 8 8
Free cash flow after stock pay 26 44 35 39 8 4 −3 −8 76 74 −94 20 48 57 17 −7 69
Balance sheet
Cash — — — — — — 3 21 17 21 7 18 22 56 41 23 60
Total debt 0 — 204 243 241 — 283 — 239 216 313 262 180 172 160 160 150
Net debt (negative = net cash) — — — — — — 280 −21 222 195 306 245 159 116 120 137 90
Diluted shares — 30m 29m — — 28m 28m 28m 29m 31m 31m 31m 31m 41m 32m 31m 31m
Returned to shareholders
Dividends 10 10 10 36 9 10 12 14 16 19 5 0 3 7 9 9 10
Buybacks 1 4 11 24 4 1 — — — — — — — — — — —
Total returned 10 14 21 60 13 11 12 14 16 19 5 0 3 7 9 9 10

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · September 30, 2026
What it owns · $1.0bn
Short-term assets $104mLonger-term assets $919m
What it owes, and who funded it · $637m
Short-term liabilities $156mShareholders' equity $480m
  • Short-term assets cover short-term liabilities $104m of assets due within a year against $156m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $60m of cash against $149m of debt.
  • Debt below 40% of shareholders' equity Debt is 31% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 46% to 31% over five years.
  • A year's operating cash flow covers at least 20% of debt $126m of operating cash flow against $149m of debt.
  • Operating profit covers interest at least five times over Operating income of $40m against $11m of interest.

From Marcus Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$10M
Diluted share count
−1.2%
year over year
Total shareholder yield
1.2%
dividends 1.2% + buybacks 0.0% of market value
Dividend payout ratio
40%
of net income paid out
Days sales outstanding
3 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in movies & entertainment
Last 12 months unless stated MCS BATRA HUYA MANU MSGE MSGS Median
Revenue, last 12 months $817m $750m $905m $910m $1.1bn $1.2bn $1.1bn
Revenue growth, last 12 months 8.5% 6.8% 7.1% 5.4% 12.5% 11.0% 8.5%
Revenue growth, 3-year average 3.8% 6.7% — — 7.6% 9.1% 7.1%
Revenue growth, latest quarter 13.1% −2.3% — — 27.4% 36.7% 11.3%
Operating margin 4.9% −9.4% −2.5% 3.3% 13.3% 2.5% 2.5%
Operating margin, 3-year average 3.1% −6.1% −2.4% −1.4% 12.7% 6.0% −0.6%
Net margin 3.1% −8.6% −1.7% −6.3% 6.2% 0.7% 0.5%
Cash from operations / revenue 15.4% −8.5% −2.7% 26.4% 33.1% 5.4% 9.9%
Free-cash-flow margin 9.4% −19.4% −5.3% 13.7% 27.8% 5.3% 5.3%
Free-cash-flow margin, 3-year average 4.1% −13.8% 2.2% 14.2% 13.3% 7.5% 6.1%
Stock pay / revenue 1.0% 3.2% 1.1% 0.0% 3.1% 1.9% 1.5%
Change in share count −1.2% 1.6% −1.2% 0.9% −0.7% 0.7% 1.6%

Median of all 25 companies we cover in movies & entertainment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 movies & entertainment companies
Measure Company Peer median Rank
Revenue growth Growth 8.5% 8.5% 13 of 25
Change in growth rate Growth +6.7pp +0.7pp 6 of 25
Operating margin Profitability 4.9% 3.0% 8 of 24
Net margin Profitability 3.1% 0.5% 11 of 25
Free-cash-flow margin Cash generation 9.4% 7.1% 10 of 24
Stock pay as % of revenue Cash generation 1.0% 1.5% 8 of 25
Long-term debt as % of assets Balance sheet 14.6% 21.6% 4 of 19
Change in share count Balance sheet -1.2% 1.6% 3 of 19
Days sales outstanding Balance sheet 3 days 35 days 1 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Theatres $463M ▲ 3.4%
Hotels and Or Resorts $295M ▲ 2.7%
Hotels Resorts $295M ▲ 2.7%

These categories overlap or exclude eliminations, so shares aren't shown.

Products and services
Line of business Revenue YoY
Admission $220M ▲ 2.8%
Concessions $198M ▲ 3.1%
Occupancy $115M ▲ 1.1%
Other $101M ▲ 3.4%
Food and Beverage $84.4M ▲ 8.1%

These categories overlap or exclude eliminations, so shares aren't shown.

From Marcus Corp's 10-K filed February 27, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$482M
Institutions reporting
139
Shares held vs prior quarter
▲ 5.3%
Positions opened / closed
23 / 15

Top buyers and sellers, Q2 2026: 70 institutions bought and 53 sold ; the biggest buyer was Goldman Sachs Group Inc (+462K shares) and the biggest seller Arrowstreet Capital, Limited Partnership (−294K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $55.5M 2.4M 11.5% ▲ 8.3%
Orbis Allan Gray Ltd $51.4M 2.2M 10.7% ▲ 11.5%
Dimensional Fund Advisors LP $34.4M 1.5M 7.1% ▲ 1.1%
American Century Companies Inc $28.1M 1.2M 5.8% ▲ 15.5%
Klcm Advisors, Inc. $23.3M 995K 4.8% ▼ 4.2%
Goldman Sachs Group Inc $22.1M 943K 4.6% ▲ 96.0%
Vanguard Capital Management LLC $21.5M 917K 4.5% ▼ 7.4%
GAMCO Investors, Inc. Et Al $20.5M 876K 4.3% ▼ 4.1%
Acadian Asset Management LLC $19.2M 820K 4.0% ▲ 85.5%
Geode Capital Management, LLC $13.4M 572K 2.8% ▲ 0.6%
State Street Corp $12.2M 522K 2.5% ▲ 0.8%
Jpmorgan Chase & Co $8.6M 362K 1.8% ▲ 917.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Marcus Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 1 trade by 1 insider, last 12 months Insider sales History → $2M 5 trades by 4 insiders · 0% under pre-set plans
Net ▼ $2M net selling
Insider Date Trade Shares Price Value
Gershowitz Diane M Director September 23, 2026 Sell 50,000 $27.61 $1.4M
Evans Michael Reade Pres., Marcus Hotels & Resorts April 15, 2026 Sell 7,671 $19.04 $146,056
Evans Michael Reade Pres., Marcus Hotels & Resorts March 20, 2026 Sell 37 $15.94 $597
Kissinger Thomas F Sr Exec VP, Gen Counsel & Secy March 6, 2026 Sell 25,000 $17.32 $433,000
Marcus Gregory S President and CEO March 2, 2026 Sell 33,915 — $0
Gershowitz Diane M Director March 2, 2026 Buy 33,915 — $0

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in Marcus Corp disclosed in the last 12 months; 1 earlier trade on record.

  • Ashley Hinson(R-IA 1):Sale (full), $1,001 - $15,000, traded March 31, 2021, filed April 5, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 28, 2027 estimated from the company's past filing pattern, not announced

  • October 29, 2026
  • July 30, 2026
  • April 30, 2026
  • February 26, 2026
  • October 31, 2025
  • August 1, 2025

Recent SEC filings

Data status

When each part of this page on Marcus Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Marcus Corp in brief

What does Marcus Corp do?
Marcus Corp is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
What is Marcus Corp's stock ticker?
Marcus Corp trades under the ticker MCS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Marcus Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Marcus Corp reported revenue of $817M, 8.5% higher than a year earlier, according to its SEC filings.
What is Marcus Corp's free cash flow?
Marcus Corp's free-cash-flow margin is 9.4% of revenue over the trailing twelve months, ranking 10 of the 24 movies & entertainment companies we cover.
What is Marcus Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Marcus Corp's free cash flow after stock-based pay gives ~$20 per share in the base case, and ~$15–$28 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Marcus Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Orbis Allan Gray Ltd and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Marcus Corp's market cap?
On November 2, 2026, Marcus Corp's market capitalisation was about $828M, with a price-to-earnings ratio of 32.9 and net debt of $89.8M. Market figures come from third-party market data and may be delayed.
Does Marcus Corp pay a dividend?
Yes: Marcus Corp paid $10M in dividends over the trailing twelve months, a dividend yield of 1.18% and a payout ratio of 39.5%.
How much debt does Marcus Corp have?
Marcus Corp's debt-to-equity ratio is 31.0%, from its latest balance sheet (46.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Marcus Corp's competitors?
In our Movies & Entertainment peer group, the companies closest to Marcus Corp are Atlanta Braves Holdings, Inc., Huya Inc., Manchester United plc, Madison Square Garden Entertainment Corp. and Madison Square Garden Sports Corp. The side-by-side comparison below sets their revenue, margins and growth against Marcus Corp's.
Are insiders buying or selling Marcus Corp stock?
Over the last 12 months, Marcus Corp's directors and officers reported 1 open-market purchases and 5 sales on Form 4. The insider trading page charts every trade.
When is Marcus Corp's next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Marcus Corp announces its own schedule.