National CineMedia, Inc. (NCMI) Revenue History
Annual and quarterly revenue from 2006 to present
NCMI Revenue Over Time (2006–2025)
NCMI Revenue Growth History
15 of 19 years with positive growth- FY2006 revenue growth
- N/A
- FY2007 revenue growth
- +40.6%
- FY2008 revenue growth
- +19.9%
- FY2009 revenue growth
- +3.0%
- FY2010 revenue growth
- +12.3%
- FY2011 revenue growth
- +1.8%
- FY2012 revenue growth
- +3.1%
- FY2013 revenue growth
- +3.1%
- FY2014 revenue growth
- -14.9%
- FY2015 revenue growth
- +13.3%
- FY2016 revenue growth
- +0.2%
- FY2017 revenue growth
- -4.8%
- FY2018 revenue growth
- +3.6%
- FY2019 revenue growth
- +0.8%
- FY2020 revenue growth
- -79.7%
- FY2021 revenue growth
- +26.8%
- FY2022 revenue growth
- +117.5%
- FY2023 revenue growth
- -33.7%
- FY2024 revenue growth
- +45.8%
- FY2025 revenue growth
- +1.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $34.0M | -2.6% |
| Q4 2025 | $93.2M | +8.0% |
| Q3 2025 | $63.4M | +1.6% |
| Q2 2025 | $51.8M | -5.3% |
| Q1 2025 | $34.9M | -6.7% |
| Q4 2024 | $86.3M | -5.0% |
| Q3 2024 | $62.4M | +152.6% |
| Q2 2024 | $54.7M | +269.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
NCMI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NCMI Revenue Analysis (2006–2025)
Current Revenue & Growth
As of June 22, 2026, National CineMedia, Inc. (NCMI) generated trailing twelve-month (TTM) revenue of $242.4 million, reflecting slight decline in growth of -2.6% year-over-year. The most recent quarter (Q1 2026) recorded $34.0 million in revenue, down 63.5% sequentially.
Historical Growth Trajectory
NCMI's 5-year compound annual growth rate (CAGR) stands at +21.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -0.8% is below the 5-year average, signalling a growth deceleration in recent years. National CineMedia, Inc.'s highest annual revenue of $462.8 million was recorded in 2013.
Revenue by Segment
NCMI's revenue is primarily driven by National Advertising Revenue (80%), Local Advertising Revenue (14%), and Founding Member Advertising Revenue From Beverage Concessionaire Agreements (6%). With over half of revenue concentrated in National Advertising Revenue, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Communication Services sector peers — including CCO (+8.7% YoY), OUT (+3.2% YoY), and LAMR (+3.4% YoY) — NCMI has underperformed the peer group in revenue growth. Compare NCMI vs CCO →
NCMI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NCMICurrent | $242M | -2.6% | +21.9% | -5.7% | |
 CCO | $1.6B | +8.7% | -2.9% | 19.0% | |
 OUT | $1.8B | +3.2% | +8.2% | 16.8% | |
 LAMR | $2.3B | +3.4% | +7.6% | 30.8% | |
 VALU | $35M | - | - | 17.1% | |
 IPG | $10.7B | -6.0% | +0.9% | 11.3% |
NCMI Historical Revenue Data (2006–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $243.2M | +1.0% | $73.8M | 30.3% | $-13,900,000 | -5.7% |
| 2024 | $240.8M | +45.8% | $72.8M | 30.2% | $-19,500,000 | -8.1% |
| 2023 | $165.2M | -33.7% | $85.1M | 51.5% | $-27,300,000 | -16.5% |
| 2022 | $249.2M | +117.5% | $131.3M | 52.7% | $6.9M | 2.8% |
| 2021 | $114.6M | +26.8% | $37.7M | 32.9% | $-68,600,000 | -59.9% |
| 2020 | $90.4M | -79.7% | $46.9M | 51.9% | $-61,000,000 | -67.5% |
| 2019 | $444.8M | +0.8% | $310.3M | 69.8% | $161.3M | 36.3% |
| 2018 | $441.4M | +3.6% | $404.0M | 91.5% | $154.3M | 35.0% |
| 2017 | $426.1M | -4.8% | $393.7M | 92.4% | $153.9M | 36.1% |
| 2016 | $447.6M | +0.2% | $417.6M | 93.3% | $173.0M | 38.7% |
| 2015 | $446.5M | +13.3% | $415.7M | 93.1% | $148.0M | 33.1% |
| 2014 | $394.0M | -14.9% | $367.6M | 93.3% | $151.7M | 38.5% |
| 2013 | $462.8M | +3.1% | $408.3M | 88.2% | $202.0M | 43.6% |
| 2012 | $448.8M | +3.1% | $304.2M | 67.8% | $191.8M | 42.7% |
| 2011 | $435.4M | +1.8% | $302.7M | 69.5% | $193.7M | 44.5% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
20+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
NCMI — Frequently Asked Questions
Quick answers to the most common questions about buying NCMI stock.
Is NCMI's revenue growth accelerating or slowing?
NCMI revenue growth is slowing. TTM revenue is $242M, up -2.6% year-over-year — below the 5-year CAGR of +21.9%. The deceleration suggests maturing end-markets or increased competition.
What is NCMI's revenue history from 2006 to 2026?
National CineMedia, Inc. (NCMI) revenue history spans 2006 to 2026. TTM revenue as of 2026 is $242M, growing at -2.6% YoY. The 5-year CAGR is +21.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is NCMI's long-term revenue growth rate (CAGR)?
National CineMedia, Inc.'s 5-year revenue CAGR of +21.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -2.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for NCMI.
Why does NCMI's quarterly revenue fluctuate?
NCMI quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. National CineMedia, Inc.'s revenue data from 2006 to 2026 shows full historical quarterly detail on this page.
How is NCMI's revenue distributed by segment?
NCMI reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does NCMI's revenue compare to industry peers?
National CineMedia, Inc. (NCMI) with TTM revenue of $242M and -2.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.