The Marcus Corporation (MCS) 10-Year Financial Performance & Capital Metrics

MCS • • Industrial / General

Communication ServicesEntertainmentLive Events & Venue OperationsLive Music & Concert Promoters

AboutThe Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates in two segments, Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center. The Hotels and Resorts segment owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. The company also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. As of December 30, 2021, it owned or operated 1,064 screens at 85 movie theatre locations in 17 states under the Marcus Theatres, Movie Tavern by Marcus, and BistroPlex brands; and operated 8 wholly-owned or majority-owned hotels and resorts, as well as managed 11 hotels, resorts, and other properties for third parties. The company was founded in 1935 and is headquartered in Milwaukee, Wisconsin.Show more

Revenue $736M +0.8%
EBITDA $84M -16.9%
Net Income -$8M -152.6%
EPS (Diluted) -0.24 -166.7%
Gross Margin 39.07% -0.5%
EBITDA Margin 11.44% -17.6%
Operating Margin 2.2% -52.7%
Net Margin -1.06% -152.2%
ROE -1.66% -152.2%
ROIC 1.54% -50.3%
Debt/Equity 0.76 -5.7%
Interest Coverage 1.47 -44.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 22.2% through buybacks
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y4.19%

5Y-2.17%

3Y17.09%

TTM6.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM175.6%

EPS CAGR

10Y-

5Y-

3Y-

TTM177.14%

ROCE

10Y Avg3%

5Y Avg-2.75%

3Y Avg2.15%

Latest1.83%

Peer Comparison

Live Music & Concert Promoters

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MSGEMadison Square Garden Entertainment Corp.	2.4B	59.42	77.17	-1.72%	3.65%		3.88%
IMAXIMAX Corporation	1.95B	36.30	75.63	-6.04%	10.48%	9.06%	1.52%	0.74
LYVLive Nation Entertainment, Inc.	33.84B	145.73	53.19	1.89%	3.66%	45.37%	3.1%	4.25
CNKCinemark Holdings, Inc.	2.87B	24.46	11.87	-0.56%	4.91%	39.45%	10.97%	5.73
RDIReading International, Inc.	23.56M	1.12	-0.71	-5.48%	-8.23%	-250.31%
AMCAMC Entertainment Holdings, Inc.	820.71M	1.60	-1.51	-3.64%	-13.16%
RDIBReading International, Inc.	19.29M	11.48	-7.27	-5.48%	-6.54%	-250.31%
SPHRSphere Entertainment Co.	2.74B	96.44	-16.98		-14.68%	-6.97%		0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	488.07M	543.86M	622.71M	707.12M	820.86M	237.69M	458.24M	677.39M	729.58M	735.56M
Revenue Growth %	0%	0.11%	0.14%	0.14%	0.16%	-0.71%	0.93%	0.48%	0.08%	0.01%
Cost of Goods Sold+	140.65M	288.88M	340.56M	365.22M	454.22M	169.35M	274.5M	420M	443.04M	448.2M
COGS % of Revenue	0.29%	0.53%	0.55%	0.52%	0.55%	0.71%	0.6%	0.62%	0.61%	0.61%
Gross Profit+	347.41M	285.45M	312.99M	341.9M	366.64M	68.34M	183.74M	257.39M	286.54M	287.36M
Gross Margin %	0.71%	0.52%	0.5%	0.48%	0.45%	0.29%	0.4%	0.38%	0.39%	0.39%
Gross Profit Growth %	0.52%	-0.18%	0.1%	0.09%	0.07%	-0.81%	1.69%	0.4%	0.11%	0%
Operating Expenses+	297.22M	213.98M	235.68M	258.71M	298.45M	246.76M	225.2M	249.09M	252.61M	271.19M
OpEx % of Revenue	0.61%	0.39%	0.38%	0.37%	0.36%	1.04%	0.49%	0.37%	0.35%	0.37%
Selling, General & Admin	25.27M	93.59M	104.5M	107.16M	124.2M	88.99M	105.01M	124.67M	127.56M	139.43M
SG&A % of Revenue	0.05%	0.17%	0.17%	0.15%	0.15%	0.37%	0.23%	0.18%	0.17%	0.19%
Research & Development	0	0	0	0	0	-1	0	0	0	0
R&D % of Revenue	-	0%	0%	0%	0%	0%	0%	0%	-	-
Other Operating Expenses	271.95M	121.91M	132.9M	151.56M	174.25M	157.78M	120.18M	124.42M	125.06M	131.77M
Operating Income+	50.19M	71.47M	77.31M	83.19M	68.19M	-178.42M	-41.45M	8.31M	33.93M	16.17M
Operating Margin %	0.1%	0.13%	0.12%	0.12%	0.08%	-0.75%	-0.09%	0.01%	0.05%	0.02%
Operating Income Growth %	-0.01%	0.42%	0.08%	0.08%	-0.18%	-3.62%	0.77%	1.2%	3.08%	-0.52%
EBITDA+	89M	113.64M	129.36M	144.87M	140.47M	-103.37M	30.68M	75.38M	101.23M	84.13M
EBITDA Margin %	0.18%	0.21%	0.21%	0.2%	0.17%	-0.43%	0.07%	0.11%	0.14%	0.11%
EBITDA Growth %	-0%	0.28%	0.14%	0.12%	-0.03%	-1.74%	1.3%	1.46%	0.34%	-0.17%
D&A (Non-Cash Add-back)	38.81M	42.17M	52.05M	61.68M	72.28M	75.05M	72.13M	67.07M	67.3M	67.96M
EBIT	74.93M	69.71M	80.21M	79.67M	66.23M	-179.53M	-40.29M	13.33M	34.37M	763K
Net Interest Income+	0	-9.18M	-12.1M	-13.08M	-11.79M	-16.27M	-18.7M	-15.3M	-12.72M	-10.97M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	9.18M	12.1M	13.08M	11.79M	16.27M	18.7M	15.3M	12.72M	10.97M
Other Income/Expense	-12.46M	-10.94M	-9.2M	-16.6M	-13.76M	-17.38M	-17.54M	-10.27M	-12.28M	-26.38M
Pretax Income+	39.32M	60.53M	68.11M	66.59M	54.44M	-195.8M	-58.99M	-1.97M	21.65M	-10.21M
Pretax Margin %	0.08%	0.11%	0.11%	0.09%	0.07%	-0.82%	-0.13%	-0%	0.03%	-0.01%
Income Tax+	15.32M	22.99M	3.63M	13.13M	12.32M	-70.94M	-15.7M	7.14M	6.86M	-2.42M
Effective Tax Rate %	0.61%	0.63%	0.95%	0.8%	0.77%	0.64%	0.73%	6.09%	0.68%	0.76%
Net Income+	24M	37.9M	65M	53.39M	42.02M	-124.84M	-43.29M	-11.97M	14.79M	-7.79M
Net Margin %	0.05%	0.07%	0.1%	0.08%	0.05%	-0.53%	-0.09%	-0.02%	0.02%	-0.01%
Net Income Growth %	0%	0.58%	0.71%	-0.18%	-0.21%	-3.97%	0.65%	0.72%	2.24%	-1.53%
Net Income (Continuing)	39.32M	37.54M	64.48M	53.47M	42.12M	-124.87M	-43.29M	-9.1M	14.79M	-7.79M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	2.35M	1.53M	100K	110K	23K	0	0	824K	0	0
EPS (Diluted)+	0.86	1.36	2.29	1.86	1.35	-4.02	-1.38	-0.29	0.36	-0.24
EPS Growth %	-0.01%	0.58%	0.68%	-0.19%	-0.27%	-3.98%	0.66%	0.79%	2.24%	-1.67%
EPS (Basic)	0.87	1.37	2.33	1.88	1.37	-4.02	-1.38	-0.29	0.47	-0.24
Diluted Shares Outstanding	27.92M	27.96M	28.39M	28.71M	31.15M	31.04M	31.36M	31.49M	40.99M	31.89M
Basic Shares Outstanding	27.66M	27.67M	27.85M	28.35M	30.66M	31.04M	31.36M	31.49M	31.66M	31.89M
Dividend Payout Ratio	0.4%	0.32%	0.21%	0.31%	0.46%	-	-	-	0.5%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	45.1M	36.14M	76.72M	68.95M	79.26M	67.82M	99.95M	63.9M	109.99M	100.86M
Cash & Short-Term Investments	24.69M	3.24M	20.3M	22.42M	26.69M	8.16M	22.27M	25.64M	60.95M	48.98M
Cash Only	24.69M	3.24M	16.25M	17.11M	20.86M	6.75M	17.66M	21.7M	55.59M	40.84M
Short-Term Investments	0	0	4.05M	5.3M	5.83M	1.42M	4.62M	3.93M	5.36M	8.14M
Accounts Receivable	5.9M	14.76M	27.23M	25.68M	29.46M	405K	55.67M	21.45M	19.7M	21.46M
Days Sales Outstanding	4.41	9.91	15.96	13.26	13.1	0.62	44.34	11.56	9.86	10.65
Inventory	2.64M	4.44M	4.06M	4.14M	5.67M	3.43M	4.91M	5.66M	5.91M	6.97M
Days Inventory Outstanding	6.85	5.61	4.35	4.14	4.56	7.4	6.53	4.92	4.87	5.68
Other Current Assets	11.87M	13.71M	25.13M	16.71M	17.44M	55.82M	17.09M	11.14M	23.42M	23.45M
Total Non-Current Assets+	759.6M	875.12M	941.08M	920.38M	1.28B	1.19B	1.09B	1B	955.11M	943.67M
Property, Plant & Equipment	670.7M	786.52M	860.06M	840.04M	1.17B	1.08B	988.26M	910.73M	862.05M	844.93M
Fixed Asset Turnover	0.73x	0.69x	0.72x	0.84x	0.70x	0.22x	0.46x	0.74x	0.85x	0.87x
Goodwill	44.22M	43.73M	43.49M	43.17M	75.28M	75.19M	75.09M	75.02M	75M	75M
Intangible Assets	9.82M	9.49M	10.19M	9.71M	10.06M	7.3M	6.99M	6.95M	6.9M	6.9M
Long-Term Investments	7.46M	6.1M	4.24M	4.07M	3.6M	2.08M	2.33M	2.07M	1.72M	5.17M
Other Non-Current Assets	41.91M	24.14M	23.09M	23.39M	23.88M	23.8M	5.7M	5.95M	9.44M	7.72M
Total Assets+	804.7M	908.59M	1.02B	989.33M	1.36B	1.25B	1.19B	1.06B	1.07B	1.04B
Asset Turnover	0.61x	0.60x	0.61x	0.71x	0.60x	0.19x	0.39x	0.64x	0.68x	0.70x
Asset Growth %	-0.01%	0.13%	0.12%	-0.03%	0.37%	-0.08%	-0.05%	-0.1%	0%	-0.02%
Total Current Liabilities+	128.5M	168.13M	159.68M	149.26M	174.99M	217.39M	213.17M	156.4M	164.42M	176.68M
Accounts Payable	28.74M	31.21M	51.54M	37.45M	49.37M	13.16M	35.78M	32.19M	37.38M	50.69M
Days Payables Outstanding	74.57	39.43	55.24	37.43	39.67	28.36	47.58	27.97	30.8	41.28
Short-Term Debt	18.29M	12.04M	12.02M	9.96M	9.91M	97.74M	58.31M	10.43M	10.3M	10.13M
Deferred Revenue (Current)	-1000K	0	0	0	0	0	0	0	0	0
Other Current Liabilities	29.26M	17.01M	15.63M	17.55M	18.05M	7.63M	20.47M	22.51M	22.6M	24.98M
Current Ratio	0.35x	0.21x	0.48x	0.46x	0.45x	0.31x	0.47x	0.41x	0.67x	0.57x
Quick Ratio	0.33x	0.19x	0.46x	0.43x	0.42x	0.30x	0.45x	0.37x	0.63x	0.53x
Cash Conversion Cycle	-63.31	-23.92	-34.92	-20.04	-22.01	-20.34	3.3	-11.49	-16.07	-24.96
Total Non-Current Liabilities+	310.5M	348.81M	412.99M	349.96M	562.74M	538.06M	521.58M	451.28M	429.51M	402.98M
Long-Term Debt	207.38M	271.34M	289.81M	228.86M	206.43M	193.04M	204.18M	170M	159.55M	149.01M
Capital Lease Obligations	15.19M	26.11M	28.28M	22.21M	252.91M	250.29M	233.26M	210.29M	191.34M	175.14M
Deferred Tax Liabilities	43.41M	46.43M	38.23M	41.98M	48.26M	33.43M	26.18M	26.57M	32.23M	32.62M
Other Non-Current Liabilities	87.93M	45.06M	56.66M	56.91M	55.13M	61.3M	57.96M	44.41M	46.39M	46.22M
Total Liabilities	439M	516.94M	572.67M	499.21M	737.73M	755.46M	734.75M	607.68M	593.93M	579.66M
Total Debt+	246.04M	316.09M	337.68M	266.94M	485.16M	563.47M	515.1M	407.77M	379.06M	352.63M
Net Debt	221.35M	312.85M	321.43M	249.83M	464.3M	556.72M	497.44M	386.07M	323.47M	311.79M
Debt / Equity	0.67x	0.80x	0.76x	0.54x	0.78x	1.13x	1.14x	0.89x	0.80x	0.76x
Debt / EBITDA	2.76x	2.78x	2.61x	1.84x	3.45x	-	16.79x	5.41x	3.74x	4.19x
Net Debt / EBITDA	2.49x	2.75x	2.48x	1.72x	3.31x	-	16.22x	5.12x	3.20x	3.71x
Interest Coverage	-	7.79x	6.39x	6.36x	5.78x	-10.96x	-2.22x	0.54x	2.67x	1.47x
Total Equity+	365.7M	393.18M	445.22M	490.23M	621.48M	498.72M	453.61M	457.75M	471.17M	464.87M
Equity Growth %	0.06%	0.08%	0.13%	0.1%	0.27%	-0.2%	-0.09%	0.01%	0.03%	-0.01%
Book Value per Share	13.10	14.06	15.68	17.07	19.95	16.07	14.46	14.54	11.50	14.58
Total Shareholders' Equity	363.35M	391.65M	445.12M	490.12M	621.46M	498.72M	453.61M	456.92M	471.17M	464.87M
Common Stock	31.19M	31.19M	31.19M	31.19M	31.19M	31.19M	31.48M	31.61M	31.77M	32.22M
Retained Earnings	325.36M	351.22M	403.21M	439.18M	461.88M	331.9M	289.31M	274.25M	281.6M	265.03M
Treasury Stock	-44.45M	-45.82M	-43.4M	-37.43M	-4.54M	-2.96M	-1.38M	-1.87M	-1.5M	-9.38M
Accumulated OCI	-11K	-5.07M	-7.42M	-6.76M	-12.65M	-14.93M	-11.44M	-1.69M	-1.34M	-181K
Minority Interest	2.35M	1.53M	100K	110K	23K	0	0	824K	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	67.31M	82.66M	109.04M	137.39M	141.48M	-68.55M	46.25M	93.21M	102.63M	103.94M
Operating CF Margin %	0.14%	0.15%	0.18%	0.19%	0.17%	-0.29%	0.1%	0.14%	0.14%	0.14%
Operating CF Growth %	-0.16%	0.23%	0.32%	0.26%	0.03%	-1.48%	1.67%	1.02%	0.1%	0.01%
Net Income	39.53M	37.54M	64.48M	53.47M	42.12M	-124.87M	-43.29M	-9.1M	14.79M	-7.79M
Depreciation & Amortization	39.95M	42.17M	52.05M	61.68M	72.28M	75.05M	72.13M	67.07M	67.3M	67.96M
Stock-Based Compensation	1.67M	1.9M	2.41M	2.69M	3.52M	4.38M	9.32M	8.17M	6.39M	8.21M
Deferred Taxes	-1.08M	3.02M	-6.44M	3.25M	9.11M	-38.84M	-15.84M	7.03M	5.56M	-3.98M
Other Non-Cash Items	49.04M	2.89M	-1.41M	6.56M	5.97M	31.88M	7.59M	-3.19M	3.3M	30.94M
Working Capital Changes	17.46M	-4.86M	-2.07M	9.75M	8.48M	-16.17M	16.35M	23.23M	5.28M	8.6M
Change in Receivables	2.97M	-1.49M	-8.85M	1.55M	-3.78M	23.11M	-22.05M	6.84M	1.89M	-1.75M
Change in Inventory	0	0	0	0	3.78M	-5.07M	-377K	0	0	0
Change in Payables	-665K	-1.98M	15.02M	-4.23M	9.73M	-32.13M	21.5M	-3.26M	4.23M	10.43M
Cash from Investing+	-32.08M	-128.59M	-100.24M	-59.27M	-93.95M	-12.07M	10.88M	-346K	-36.75M	-81.9M
Capital Expenditures	-44.45M	-83.61M	-114.8M	-58.66M	-64.09M	-21.36M	-17.08M	-36.84M	-38.77M	-79.21M
CapEx % of Revenue	0.09%	0.15%	0.18%	0.08%	0.08%	0.09%	0.04%	0.05%	0.05%	0.11%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	13.98M	17.68M	7.95M	-313K	221K	4.93M	33.09M	5.52M	2.82M	-617K
Cash from Financing+	-26.02M	42.5M	4.21M	-76.94M	-43.84M	69.1M	-47.17M	-92.41M	-30.55M	-37.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.63M	-12.04M	-13.5M	-16.41M	-19.31M	-5.14M	0	-3.08M	-7.45M	-8.78M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-12.44M	2.96M	1.42M	6.98M	1.33M	-24.09M	594K	-1.92M	-7.52M	18.84M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	22.85M	-951K	-5.77M	78.73M	77.39M	-89.92M	29.17M	56.37M	63.85M	24.73M
FCF Margin %	0.05%	-0%	-0.01%	0.11%	0.09%	-0.38%	0.06%	0.08%	0.09%	0.03%
FCF Growth %	3.18%	-1.04%	-5.07%	14.65%	-0.02%	-2.16%	1.32%	0.93%	0.13%	-0.61%
FCF per Share	0.82	-0.03	-0.20	2.74	2.48	-2.90	0.93	1.79	1.56	0.78
FCF Conversion (FCF/Net Income)	2.80x	2.18x	1.68x	2.57x	3.37x	0.55x	-1.07x	-7.79x	6.94x	-13.35x
Interest Paid	0	0	0	0	0	0	0	0	9.74M	8.68M
Taxes Paid	0	0	0	0	0	0	0	0	1.78M	1.43M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.74%	9.99%	15.5%	11.42%	7.56%	-22.29%	-9.09%	-2.63%	3.19%	-1.66%
Return on Invested Capital (ROIC)	6.29%	8.29%	7.87%	8.28%	5.6%	-12.5%	-3.1%	0.69%	3.11%	1.54%
Gross Margin	71.18%	52.49%	50.26%	48.35%	44.67%	28.75%	40.1%	38%	39.27%	39.07%
Net Margin	4.92%	6.97%	10.44%	7.55%	5.12%	-52.52%	-9.45%	-1.77%	2.03%	-1.06%
Debt / Equity	0.67x	0.80x	0.76x	0.54x	0.78x	1.13x	1.14x	0.89x	0.80x	0.76x
Interest Coverage	-	7.79x	6.39x	6.36x	5.78x	-10.96x	-2.22x	0.54x	2.67x	1.47x
FCF Conversion	2.80x	2.18x	1.68x	2.57x	3.37x	0.55x	-1.07x	-7.79x	6.94x	-13.35x
Revenue Growth	0%	11.43%	14.5%	13.55%	16.09%	-71.04%	92.79%	47.82%	7.7%	0.82%

Revenue by Segment

	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024
Admission	-	-	-	-	-	-	-	-	229.19M	214.42M
Admission Growth	-	-	-	-	-	-	-	-	-	-6.44%
Concessions	-	-	-	-	-	-	-	-	197.65M	191.99M
Concessions Growth	-	-	-	-	-	-	-	-	-	-2.87%
Occupancy	-	-	-	-	-	-	-	-	106.62M	113.34M
Occupancy Growth	-	-	-	-	-	-	-	-	-	6.31%
Product and Service, Other	-	-	-	-	-	-	-	-	85.42M	97.23M
Product and Service, Other Growth	-	-	-	-	-	-	-	-	-	13.83%
Food and Beverage	-	-	-	-	-	-	-	-	73.28M	78.1M
Food and Beverage Growth	-	-	-	-	-	-	-	-	-	6.58%
Advanced Sale Of Tickets	-	-	-	5.16M	5.12M	4.63M	3.63M	2.35M	-	-
Advanced Sale Of Tickets Growth	-	-	-	-	-0.87%	-9.54%	-21.56%	-35.36%	-	-
Theatres	269.15M	328.17M	401.29M	-	-	-	-	-	-	-
Theatres Growth	-	21.92%	22.28%	-	-	-	-	-	-	-
Hotels Resorts	218.33M	215.17M	220.87M	-	-	-	-	-	-	-
Hotels Resorts Growth	-	-1.45%	2.65%	-	-	-	-	-	-	-
Corporate Items	580K	528K	557K	-	-	-	-	-	-	-
Corporate Items Growth	-	-8.97%	5.49%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

The Marcus Corporation (MCS) reported $753.3M in revenue for fiscal year 2024. This represents a 82% increase from $413.9M in 2011.

The Marcus Corporation (MCS) grew revenue by 0.8% over the past year. Growth has been modest.

Yes, The Marcus Corporation (MCS) is profitable, generating $7.7M in net income for fiscal year 2024 (-1.1% net margin).

Dividend & Returns

Yes, The Marcus Corporation (MCS) pays a dividend with a yield of 1.73%. This makes it attractive for income-focused investors.

The Marcus Corporation (MCS) has a return on equity (ROE) of -1.7%. Negative ROE indicates the company is unprofitable.

The Marcus Corporation (MCS) generated $1.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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The Marcus Corporation (MCS) 10-Year Financial Performance & Capital Metrics

MCS • • Industrial / General

Communication ServicesEntertainmentLive Events & Venue OperationsLive Music & Concert Promoters

Revenue $736M +0.8%
EBITDA $84M -16.9%
Net Income -$8M -152.6%
EPS (Diluted) -0.24 -166.7%
Gross Margin 39.07% -0.5%
EBITDA Margin 11.44% -17.6%
Operating Margin 2.2% -52.7%
Net Margin -1.06% -152.2%
ROE -1.66% -152.2%
ROIC 1.54% -50.3%
Debt/Equity 0.76 -5.7%
Interest Coverage 1.47 -44.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 22.2% through buybacks
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y4.19%

5Y-2.17%

3Y17.09%

TTM6.28%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM175.6%

EPS CAGR

10Y-

5Y-

3Y-

TTM177.14%

ROCE

10Y Avg3%

5Y Avg-2.75%

3Y Avg2.15%

Latest1.83%

Peer Comparison

Live Music & Concert Promoters

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MSGEMadison Square Garden Entertainment Corp.	2.4B	59.42	77.17	-1.72%	3.65%		3.88%
IMAXIMAX Corporation	1.95B	36.30	75.63	-6.04%	10.48%	9.06%	1.52%	0.74
LYVLive Nation Entertainment, Inc.	33.84B	145.73	53.19	1.89%	3.66%	45.37%	3.1%	4.25
CNKCinemark Holdings, Inc.	2.87B	24.46	11.87	-0.56%	4.91%	39.45%	10.97%	5.73
RDIReading International, Inc.	23.56M	1.12	-0.71	-5.48%	-8.23%	-250.31%
AMCAMC Entertainment Holdings, Inc.	820.71M	1.60	-1.51	-3.64%	-13.16%
RDIBReading International, Inc.	19.29M	11.48	-7.27	-5.48%	-6.54%	-250.31%
SPHRSphere Entertainment Co.	2.74B	96.44	-16.98		-14.68%	-6.97%		0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	488.07M	543.86M	622.71M	707.12M	820.86M	237.69M	458.24M	677.39M	729.58M	735.56M
Revenue Growth %	0%	0.11%	0.14%	0.14%	0.16%	-0.71%	0.93%	0.48%	0.08%	0.01%
Cost of Goods Sold+	140.65M	288.88M	340.56M	365.22M	454.22M	169.35M	274.5M	420M	443.04M	448.2M
COGS % of Revenue	0.29%	0.53%	0.55%	0.52%	0.55%	0.71%	0.6%	0.62%	0.61%	0.61%
Gross Profit+	347.41M	285.45M	312.99M	341.9M	366.64M	68.34M	183.74M	257.39M	286.54M	287.36M
Gross Margin %	0.71%	0.52%	0.5%	0.48%	0.45%	0.29%	0.4%	0.38%	0.39%	0.39%
Gross Profit Growth %	0.52%	-0.18%	0.1%	0.09%	0.07%	-0.81%	1.69%	0.4%	0.11%	0%
Operating Expenses+	297.22M	213.98M	235.68M	258.71M	298.45M	246.76M	225.2M	249.09M	252.61M	271.19M
OpEx % of Revenue	0.61%	0.39%	0.38%	0.37%	0.36%	1.04%	0.49%	0.37%	0.35%	0.37%
Selling, General & Admin	25.27M	93.59M	104.5M	107.16M	124.2M	88.99M	105.01M	124.67M	127.56M	139.43M
SG&A % of Revenue	0.05%	0.17%	0.17%	0.15%	0.15%	0.37%	0.23%	0.18%	0.17%	0.19%
Research & Development	0	0	0	0	0	-1	0	0	0	0
R&D % of Revenue	-	0%	0%	0%	0%	0%	0%	0%	-	-
Other Operating Expenses	271.95M	121.91M	132.9M	151.56M	174.25M	157.78M	120.18M	124.42M	125.06M	131.77M
Operating Income+	50.19M	71.47M	77.31M	83.19M	68.19M	-178.42M	-41.45M	8.31M	33.93M	16.17M
Operating Margin %	0.1%	0.13%	0.12%	0.12%	0.08%	-0.75%	-0.09%	0.01%	0.05%	0.02%
Operating Income Growth %	-0.01%	0.42%	0.08%	0.08%	-0.18%	-3.62%	0.77%	1.2%	3.08%	-0.52%
EBITDA+	89M	113.64M	129.36M	144.87M	140.47M	-103.37M	30.68M	75.38M	101.23M	84.13M
EBITDA Margin %	0.18%	0.21%	0.21%	0.2%	0.17%	-0.43%	0.07%	0.11%	0.14%	0.11%
EBITDA Growth %	-0%	0.28%	0.14%	0.12%	-0.03%	-1.74%	1.3%	1.46%	0.34%	-0.17%
D&A (Non-Cash Add-back)	38.81M	42.17M	52.05M	61.68M	72.28M	75.05M	72.13M	67.07M	67.3M	67.96M
EBIT	74.93M	69.71M	80.21M	79.67M	66.23M	-179.53M	-40.29M	13.33M	34.37M	763K
Net Interest Income+	0	-9.18M	-12.1M	-13.08M	-11.79M	-16.27M	-18.7M	-15.3M	-12.72M	-10.97M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	0	9.18M	12.1M	13.08M	11.79M	16.27M	18.7M	15.3M	12.72M	10.97M
Other Income/Expense	-12.46M	-10.94M	-9.2M	-16.6M	-13.76M	-17.38M	-17.54M	-10.27M	-12.28M	-26.38M
Pretax Income+	39.32M	60.53M	68.11M	66.59M	54.44M	-195.8M	-58.99M	-1.97M	21.65M	-10.21M
Pretax Margin %	0.08%	0.11%	0.11%	0.09%	0.07%	-0.82%	-0.13%	-0%	0.03%	-0.01%
Income Tax+	15.32M	22.99M	3.63M	13.13M	12.32M	-70.94M	-15.7M	7.14M	6.86M	-2.42M
Effective Tax Rate %	0.61%	0.63%	0.95%	0.8%	0.77%	0.64%	0.73%	6.09%	0.68%	0.76%
Net Income+	24M	37.9M	65M	53.39M	42.02M	-124.84M	-43.29M	-11.97M	14.79M	-7.79M
Net Margin %	0.05%	0.07%	0.1%	0.08%	0.05%	-0.53%	-0.09%	-0.02%	0.02%	-0.01%
Net Income Growth %	0%	0.58%	0.71%	-0.18%	-0.21%	-3.97%	0.65%	0.72%	2.24%	-1.53%
Net Income (Continuing)	39.32M	37.54M	64.48M	53.47M	42.12M	-124.87M	-43.29M	-9.1M	14.79M	-7.79M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	2.35M	1.53M	100K	110K	23K	0	0	824K	0	0
EPS (Diluted)+	0.86	1.36	2.29	1.86	1.35	-4.02	-1.38	-0.29	0.36	-0.24
EPS Growth %	-0.01%	0.58%	0.68%	-0.19%	-0.27%	-3.98%	0.66%	0.79%	2.24%	-1.67%
EPS (Basic)	0.87	1.37	2.33	1.88	1.37	-4.02	-1.38	-0.29	0.47	-0.24
Diluted Shares Outstanding	27.92M	27.96M	28.39M	28.71M	31.15M	31.04M	31.36M	31.49M	40.99M	31.89M
Basic Shares Outstanding	27.66M	27.67M	27.85M	28.35M	30.66M	31.04M	31.36M	31.49M	31.66M	31.89M
Dividend Payout Ratio	0.4%	0.32%	0.21%	0.31%	0.46%	-	-	-	0.5%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	45.1M	36.14M	76.72M	68.95M	79.26M	67.82M	99.95M	63.9M	109.99M	100.86M
Cash & Short-Term Investments	24.69M	3.24M	20.3M	22.42M	26.69M	8.16M	22.27M	25.64M	60.95M	48.98M
Cash Only	24.69M	3.24M	16.25M	17.11M	20.86M	6.75M	17.66M	21.7M	55.59M	40.84M
Short-Term Investments	0	0	4.05M	5.3M	5.83M	1.42M	4.62M	3.93M	5.36M	8.14M
Accounts Receivable	5.9M	14.76M	27.23M	25.68M	29.46M	405K	55.67M	21.45M	19.7M	21.46M
Days Sales Outstanding	4.41	9.91	15.96	13.26	13.1	0.62	44.34	11.56	9.86	10.65
Inventory	2.64M	4.44M	4.06M	4.14M	5.67M	3.43M	4.91M	5.66M	5.91M	6.97M
Days Inventory Outstanding	6.85	5.61	4.35	4.14	4.56	7.4	6.53	4.92	4.87	5.68
Other Current Assets	11.87M	13.71M	25.13M	16.71M	17.44M	55.82M	17.09M	11.14M	23.42M	23.45M
Total Non-Current Assets+	759.6M	875.12M	941.08M	920.38M	1.28B	1.19B	1.09B	1B	955.11M	943.67M
Property, Plant & Equipment	670.7M	786.52M	860.06M	840.04M	1.17B	1.08B	988.26M	910.73M	862.05M	844.93M
Fixed Asset Turnover	0.73x	0.69x	0.72x	0.84x	0.70x	0.22x	0.46x	0.74x	0.85x	0.87x
Goodwill	44.22M	43.73M	43.49M	43.17M	75.28M	75.19M	75.09M	75.02M	75M	75M
Intangible Assets	9.82M	9.49M	10.19M	9.71M	10.06M	7.3M	6.99M	6.95M	6.9M	6.9M
Long-Term Investments	7.46M	6.1M	4.24M	4.07M	3.6M	2.08M	2.33M	2.07M	1.72M	5.17M
Other Non-Current Assets	41.91M	24.14M	23.09M	23.39M	23.88M	23.8M	5.7M	5.95M	9.44M	7.72M
Total Assets+	804.7M	908.59M	1.02B	989.33M	1.36B	1.25B	1.19B	1.06B	1.07B	1.04B
Asset Turnover	0.61x	0.60x	0.61x	0.71x	0.60x	0.19x	0.39x	0.64x	0.68x	0.70x
Asset Growth %	-0.01%	0.13%	0.12%	-0.03%	0.37%	-0.08%	-0.05%	-0.1%	0%	-0.02%
Total Current Liabilities+	128.5M	168.13M	159.68M	149.26M	174.99M	217.39M	213.17M	156.4M	164.42M	176.68M
Accounts Payable	28.74M	31.21M	51.54M	37.45M	49.37M	13.16M	35.78M	32.19M	37.38M	50.69M
Days Payables Outstanding	74.57	39.43	55.24	37.43	39.67	28.36	47.58	27.97	30.8	41.28
Short-Term Debt	18.29M	12.04M	12.02M	9.96M	9.91M	97.74M	58.31M	10.43M	10.3M	10.13M
Deferred Revenue (Current)	-1000K	0	0	0	0	0	0	0	0	0
Other Current Liabilities	29.26M	17.01M	15.63M	17.55M	18.05M	7.63M	20.47M	22.51M	22.6M	24.98M
Current Ratio	0.35x	0.21x	0.48x	0.46x	0.45x	0.31x	0.47x	0.41x	0.67x	0.57x
Quick Ratio	0.33x	0.19x	0.46x	0.43x	0.42x	0.30x	0.45x	0.37x	0.63x	0.53x
Cash Conversion Cycle	-63.31	-23.92	-34.92	-20.04	-22.01	-20.34	3.3	-11.49	-16.07	-24.96
Total Non-Current Liabilities+	310.5M	348.81M	412.99M	349.96M	562.74M	538.06M	521.58M	451.28M	429.51M	402.98M
Long-Term Debt	207.38M	271.34M	289.81M	228.86M	206.43M	193.04M	204.18M	170M	159.55M	149.01M
Capital Lease Obligations	15.19M	26.11M	28.28M	22.21M	252.91M	250.29M	233.26M	210.29M	191.34M	175.14M
Deferred Tax Liabilities	43.41M	46.43M	38.23M	41.98M	48.26M	33.43M	26.18M	26.57M	32.23M	32.62M
Other Non-Current Liabilities	87.93M	45.06M	56.66M	56.91M	55.13M	61.3M	57.96M	44.41M	46.39M	46.22M
Total Liabilities	439M	516.94M	572.67M	499.21M	737.73M	755.46M	734.75M	607.68M	593.93M	579.66M
Total Debt+	246.04M	316.09M	337.68M	266.94M	485.16M	563.47M	515.1M	407.77M	379.06M	352.63M
Net Debt	221.35M	312.85M	321.43M	249.83M	464.3M	556.72M	497.44M	386.07M	323.47M	311.79M
Debt / Equity	0.67x	0.80x	0.76x	0.54x	0.78x	1.13x	1.14x	0.89x	0.80x	0.76x
Debt / EBITDA	2.76x	2.78x	2.61x	1.84x	3.45x	-	16.79x	5.41x	3.74x	4.19x
Net Debt / EBITDA	2.49x	2.75x	2.48x	1.72x	3.31x	-	16.22x	5.12x	3.20x	3.71x
Interest Coverage	-	7.79x	6.39x	6.36x	5.78x	-10.96x	-2.22x	0.54x	2.67x	1.47x
Total Equity+	365.7M	393.18M	445.22M	490.23M	621.48M	498.72M	453.61M	457.75M	471.17M	464.87M
Equity Growth %	0.06%	0.08%	0.13%	0.1%	0.27%	-0.2%	-0.09%	0.01%	0.03%	-0.01%
Book Value per Share	13.10	14.06	15.68	17.07	19.95	16.07	14.46	14.54	11.50	14.58
Total Shareholders' Equity	363.35M	391.65M	445.12M	490.12M	621.46M	498.72M	453.61M	456.92M	471.17M	464.87M
Common Stock	31.19M	31.19M	31.19M	31.19M	31.19M	31.19M	31.48M	31.61M	31.77M	32.22M
Retained Earnings	325.36M	351.22M	403.21M	439.18M	461.88M	331.9M	289.31M	274.25M	281.6M	265.03M
Treasury Stock	-44.45M	-45.82M	-43.4M	-37.43M	-4.54M	-2.96M	-1.38M	-1.87M	-1.5M	-9.38M
Accumulated OCI	-11K	-5.07M	-7.42M	-6.76M	-12.65M	-14.93M	-11.44M	-1.69M	-1.34M	-181K
Minority Interest	2.35M	1.53M	100K	110K	23K	0	0	824K	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	67.31M	82.66M	109.04M	137.39M	141.48M	-68.55M	46.25M	93.21M	102.63M	103.94M
Operating CF Margin %	0.14%	0.15%	0.18%	0.19%	0.17%	-0.29%	0.1%	0.14%	0.14%	0.14%
Operating CF Growth %	-0.16%	0.23%	0.32%	0.26%	0.03%	-1.48%	1.67%	1.02%	0.1%	0.01%
Net Income	39.53M	37.54M	64.48M	53.47M	42.12M	-124.87M	-43.29M	-9.1M	14.79M	-7.79M
Depreciation & Amortization	39.95M	42.17M	52.05M	61.68M	72.28M	75.05M	72.13M	67.07M	67.3M	67.96M
Stock-Based Compensation	1.67M	1.9M	2.41M	2.69M	3.52M	4.38M	9.32M	8.17M	6.39M	8.21M
Deferred Taxes	-1.08M	3.02M	-6.44M	3.25M	9.11M	-38.84M	-15.84M	7.03M	5.56M	-3.98M
Other Non-Cash Items	49.04M	2.89M	-1.41M	6.56M	5.97M	31.88M	7.59M	-3.19M	3.3M	30.94M
Working Capital Changes	17.46M	-4.86M	-2.07M	9.75M	8.48M	-16.17M	16.35M	23.23M	5.28M	8.6M
Change in Receivables	2.97M	-1.49M	-8.85M	1.55M	-3.78M	23.11M	-22.05M	6.84M	1.89M	-1.75M
Change in Inventory	0	0	0	0	3.78M	-5.07M	-377K	0	0	0
Change in Payables	-665K	-1.98M	15.02M	-4.23M	9.73M	-32.13M	21.5M	-3.26M	4.23M	10.43M
Cash from Investing+	-32.08M	-128.59M	-100.24M	-59.27M	-93.95M	-12.07M	10.88M	-346K	-36.75M	-81.9M
Capital Expenditures	-44.45M	-83.61M	-114.8M	-58.66M	-64.09M	-21.36M	-17.08M	-36.84M	-38.77M	-79.21M
CapEx % of Revenue	0.09%	0.15%	0.18%	0.08%	0.08%	0.09%	0.04%	0.05%	0.05%	0.11%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	13.98M	17.68M	7.95M	-313K	221K	4.93M	33.09M	5.52M	2.82M	-617K
Cash from Financing+	-26.02M	42.5M	4.21M	-76.94M	-43.84M	69.1M	-47.17M	-92.41M	-30.55M	-37.3M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-5.63M	-12.04M	-13.5M	-16.41M	-19.31M	-5.14M	0	-3.08M	-7.45M	-8.78M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-12.44M	2.96M	1.42M	6.98M	1.33M	-24.09M	594K	-1.92M	-7.52M	18.84M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	22.85M	-951K	-5.77M	78.73M	77.39M	-89.92M	29.17M	56.37M	63.85M	24.73M
FCF Margin %	0.05%	-0%	-0.01%	0.11%	0.09%	-0.38%	0.06%	0.08%	0.09%	0.03%
FCF Growth %	3.18%	-1.04%	-5.07%	14.65%	-0.02%	-2.16%	1.32%	0.93%	0.13%	-0.61%
FCF per Share	0.82	-0.03	-0.20	2.74	2.48	-2.90	0.93	1.79	1.56	0.78
FCF Conversion (FCF/Net Income)	2.80x	2.18x	1.68x	2.57x	3.37x	0.55x	-1.07x	-7.79x	6.94x	-13.35x
Interest Paid	0	0	0	0	0	0	0	0	9.74M	8.68M
Taxes Paid	0	0	0	0	0	0	0	0	1.78M	1.43M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	6.74%	9.99%	15.5%	11.42%	7.56%	-22.29%	-9.09%	-2.63%	3.19%	-1.66%
Return on Invested Capital (ROIC)	6.29%	8.29%	7.87%	8.28%	5.6%	-12.5%	-3.1%	0.69%	3.11%	1.54%
Gross Margin	71.18%	52.49%	50.26%	48.35%	44.67%	28.75%	40.1%	38%	39.27%	39.07%
Net Margin	4.92%	6.97%	10.44%	7.55%	5.12%	-52.52%	-9.45%	-1.77%	2.03%	-1.06%
Debt / Equity	0.67x	0.80x	0.76x	0.54x	0.78x	1.13x	1.14x	0.89x	0.80x	0.76x
Interest Coverage	-	7.79x	6.39x	6.36x	5.78x	-10.96x	-2.22x	0.54x	2.67x	1.47x
FCF Conversion	2.80x	2.18x	1.68x	2.57x	3.37x	0.55x	-1.07x	-7.79x	6.94x	-13.35x
Revenue Growth	0%	11.43%	14.5%	13.55%	16.09%	-71.04%	92.79%	47.82%	7.7%	0.82%

Revenue by Segment

	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024
Admission	-	-	-	-	-	-	-	-	229.19M	214.42M
Admission Growth	-	-	-	-	-	-	-	-	-	-6.44%
Concessions	-	-	-	-	-	-	-	-	197.65M	191.99M
Concessions Growth	-	-	-	-	-	-	-	-	-	-2.87%
Occupancy	-	-	-	-	-	-	-	-	106.62M	113.34M
Occupancy Growth	-	-	-	-	-	-	-	-	-	6.31%
Product and Service, Other	-	-	-	-	-	-	-	-	85.42M	97.23M
Product and Service, Other Growth	-	-	-	-	-	-	-	-	-	13.83%
Food and Beverage	-	-	-	-	-	-	-	-	73.28M	78.1M
Food and Beverage Growth	-	-	-	-	-	-	-	-	-	6.58%
Advanced Sale Of Tickets	-	-	-	5.16M	5.12M	4.63M	3.63M	2.35M	-	-
Advanced Sale Of Tickets Growth	-	-	-	-	-0.87%	-9.54%	-21.56%	-35.36%	-	-
Theatres	269.15M	328.17M	401.29M	-	-	-	-	-	-	-
Theatres Growth	-	21.92%	22.28%	-	-	-	-	-	-	-
Hotels Resorts	218.33M	215.17M	220.87M	-	-	-	-	-	-	-
Hotels Resorts Growth	-	-1.45%	2.65%	-	-	-	-	-	-	-
Corporate Items	580K	528K	557K	-	-	-	-	-	-	-
Corporate Items Growth	-	-8.97%	5.49%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

The Marcus Corporation (MCS) reported $753.3M in revenue for fiscal year 2024. This represents a 82% increase from $413.9M in 2011.

The Marcus Corporation (MCS) grew revenue by 0.8% over the past year. Growth has been modest.

Yes, The Marcus Corporation (MCS) is profitable, generating $7.7M in net income for fiscal year 2024 (-1.1% net margin).

Dividend & Returns

Yes, The Marcus Corporation (MCS) pays a dividend with a yield of 1.73%. This makes it attractive for income-focused investors.

The Marcus Corporation (MCS) has a return on equity (ROE) of -1.7%. Negative ROE indicates the company is unprofitable.

The Marcus Corporation (MCS) generated $1.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.