Marcus Corp key statistics and ratios

In fiscal 2025, Marcus Corp had return on equity of 2.8%, an operating margin of 2.2%, debt equal to 35.0% of equity and a current ratio of 0.40. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Marcus Corp: financial ratios, annual
Fiscal year	2010May 2010	2011May 2011	2012May 2012	2013May 2013	2014May 2014	2015May 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
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%
Return on equity	4.8%	4.0%	6.7%	5.4%	7.9%	—	9.7%	15.6%	11.4%	7.6%	−22.3%	−9.1%	−2.6%	3.2%	−1.7%	2.8%	5.4%
Return on assets	—	2.0%	3.2%	2.4%	3.3%	3.1%	4.4%	6.7%	5.3%	3.6%	−9.6%	−3.5%	−1.1%	1.4%	−0.7%	1.2%	2.5%
Asset turnover	—	0.54	0.58	0.56	0.59	0.62	0.67	0.68	0.70	0.70	0.18	0.38	0.60	0.69	0.70	0.74	0.80
Current ratio	—	0.39	0.20	0.40	0.36	0.36	0.28	0.48	0.46	0.45	0.31	0.47	0.41	0.62	0.52	0.40	0.67
Debt to equity	0.0%	63.3%	59.4%	79.2%	73.8%	—	72.6%	67.8%	48.7%	34.8%	62.8%	57.9%	39.6%	36.5%	34.5%	35.0%	31.2%
Interest cover (operating income ÷ interest)	3.2x	3.2x	5.0x	4.1x	4.6x	5.1x	7.8x	6.4x	6.4x	5.8x	n/m	n/m	0.5x	2.7x	1.5x	1.5x	3.7x
Effective tax rate	36.1%	37.8%	39.3%	32.7%	44.6%	39.9%	38.0%	5.3%	19.7%	22.6%	—	—	—	31.7%	—	−45.8%	8.3%
Capital spending as % of revenue	6.6%	4.3%	7.7%	5.5%	12.7%	15.4%	14.6%	17.6%	8.3%	7.8%	9.0%	3.7%	5.4%	5.3%	10.8%	11.0%	6.0%
Free cash flow ÷ net income	171.6%	335.1%	163.6%	231.7%	39.1%	22.8%	−2.5%	−8.9%	147.5%	184.2%	—	—	—	431.6%	—	7.8%	305.2%
Dividends ÷ net income	61.3%	72.4%	42.7%	203.4%	36.8%	43.3%	31.8%	20.8%	30.7%	46.0%	—	—	—	50.4%	—	72.2%	39.5%
Dividends and buybacks ÷ free cash flow	37.7%	30.4%	56.2%	147.3%	134.0%	204.3%	—	—	20.8%	25.0%	—	0.0%	5.5%	11.7%	35.5%	926.0%	12.9%

US$ thousands unless shown otherwise. Fiscal quarters.

Marcus Corp: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Operating margin	−1.2%	−13.7%	6.3%	10.8%	0.9%	−12.5%	11.7%	12.7%
Net margin	0.5%	−11.3%	3.6%	7.7%	3.1%	−9.9%	6.8%	7.9%
Free-cash-flow margin	14.4%	−39.2%	7.1%	8.7%	13.6%	−14.2%	19.0%	12.0%
Current ratio	0.52	0.42	0.39	0.35	0.40	0.35	0.44	0.67
Debt to equity	34.2%	45.0%	40.1%	35.6%	34.8%	39.5%	32.6%	31.1%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

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Figures from Marcus Corp's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Marcus Corp.