A Business at a Glance
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MARCUS CORP
MCS
$745M
Mkt Cap
$23.82
+0.17%
MARCUS CORP (MCS) has a current P/E ratio of 58.1, compared to its historical median P/E of 21.3. The stock is currently considered Expensive based on its historical valuation range.
MARCUS CORP (MCS) has a 5-year average return on invested capital (ROIC) of 0.9%. This is below average and may indicate limited pricing power.
MARCUS CORP (MCS) has a market capitalization of $731M. It is classified as a small-cap stock.
Yes, MARCUS CORP (MCS) pays a dividend with a trailing twelve-month yield of 1.28%.
Based on historical P/E analysis, MARCUS CORP (MCS) appears expensive. The current P/E of 58.1 is 173% above its historical median of 21.3. The estimated fair value CAGR (P/E method) is -27.7%.
MARCUS CORP (MCS) operates in the Services-Motion Picture Theaters industry, within the Communication Services sector.
MARCUS CORP (MCS) reported annual revenue of $758 million in its most recent fiscal year, based on SEC EDGAR filings.
We are engaged primarily in two business segments: movie theatres and hotels and resorts. As of December 31, 2025, our theatre operations included 78 movie theatres with 985 screens throughout 17 states (Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, Ohio, Arkansas, Colorado, Georgia, Kentucky, Louisiana, New York, Pennsylvania, Texas and Virginia), including one movie theatre with 14 screens in Minnesota owned by a third party and managed by us. Our movie theatres operate under the Marcus Theatres, Movie Tavern by Marcus, and BistroPlex brands. We also operate a family entertainment center, Funset Boulevard, that is adjacent to one of our theatres in Appleton, Wisconsin. As of the date of this Annual Report, we are the 4th largest theatre circuit in the United States. As of December 31, 2025, our hotels and resorts operations included seven wholly-owned and operated hotels and resorts in Wisconsin, Illinois, and Nebraska.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 764M | 758M | 736M | 730M | 677M | 458M |
| Net Income | 14M | 13M | -7.8M | 15M | -12M | -43M |
| EPS | $0.44 | $0.41 | $-0.24 | $0.36 | $-0.38 | $-1.38 |
| Free Cash Flow | 37M | 989K | 25M | 64M | 56M | 29M |
| ROIC | 4.1% | 2.9% | 2.8% | 3.9% | 1.3% | -6.4% |
| Gross Margin | - | 25.2% | 25.0% | 26.4% | 24.4% | 24.6% |
| Debt/Equity | 0.46 | 0.37 | 0.34 | 0.36 | 0.40 | 0.58 |
| Dividends/Share | $0.31 | $0.29 | $0.28 | $0.18 | $0.10 | $0.00 |
| Operating Income | 18M | 17M | 16M | 34M | 8.3M | -41M |
| Operating Margin | 2.4% | 2.2% | 2.2% | 4.7% | 1.2% | -9.0% |
| ROE | 3.2% | 2.8% | -1.7% | 3.2% | -2.6% | -9.1% |
| Shares Outstanding | 31M | 31M | 32M | 41M | 31M | 31M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 448M | 532M | 574M | 654M | 707M | 821M | 238M | 458M | 677M | 730M | 736M | 758M | 764M |
| Gross Margin | 31.1% | 32.0% | 32.1% | 31.8% | 32.5% | 27.5% | N/A | 24.6% | 24.4% | 26.4% | 25.0% | 25.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 47M | 61M | 62M | 67M | 72M | 74M | 51M | 63M | 75M | 79M | 89M | 93M | 93M |
| EBIT | 49M | 61M | 71M | 77M | 83M | 68M | -178M | -41M | 8.3M | 34M | 16M | 17M | 18M |
| Op. Margin | 10.9% | 11.5% | 12.4% | 11.8% | 11.8% | 8.3% | -75.1% | -9.0% | 1.2% | 4.7% | 2.2% | 2.2% | 2.4% |
| Net Income | 25M | 31M | 38M | 65M | 53M | 42M | -125M | -43M | -12M | 15M | -7.8M | 13M | 14M |
| Net Margin | 5.6% | 5.8% | 6.6% | 9.9% | 7.6% | 5.1% | -52.5% | -9.4% | -1.8% | 2.0% | -1.1% | 1.7% | 1.9% |
| Non-Recurring | -993K | 1.7M | -844K | 4.0M | -1.3M | 725K | 26M | 8.9M | 2.6M | 1.0M | 6.4M | 5.7M | 5.7M |
| Returns on Capital | |||||||||||||
| ROIC | 5.4% | 6.4% | 6.7% | 10.2% | 9.4% | 6.9% | -16.4% | -6.4% | 1.3% | 3.9% | 2.8% | 2.9% | 4.1% |
| ROE | 7.9% | 8.9% | 10.1% | 15.6% | 11.5% | 7.6% | -22.3% | -9.1% | -2.6% | 3.2% | -1.7% | 2.8% | 3.2% |
| ROA | 3.3% | 3.9% | 4.4% | 6.7% | 5.3% | 3.6% | -9.6% | -3.5% | -1.1% | 1.4% | -0.7% | 1.2% | 1.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 66M | 80M | 83M | 109M | 137M | 141M | -69M | 46M | 93M | 103M | 104M | 84M | 104M |
| Free Cash Flow | 9.8M | 5.5M | -951K | -5.8M | 79M | 77M | -90M | 29M | 56M | 64M | 25M | 989K | 37M |
| Owner Earnings | 31M | 41M | 39M | 55M | 73M | 66M | -148M | -35M | 18M | 29M | 28M | 6.5M | 26M |
| CapEx | 57M | 75M | 84M | 115M | 59M | 64M | 21M | 17M | 37M | 39M | 79M | 83M | 67M |
| Maint. CapEx | 33M | 38M | 42M | 52M | 61M | 72M | 75M | 72M | 67M | 67M | 68M | 70M | 70M |
| Growth CapEx | 23M | 37M | 42M | 63M | 0 | 0 | 0 | 0 | 0 | 0 | 11M | 13M | 0 |
| D&A | 33M | 38M | 42M | 52M | 61M | 72M | 75M | 72M | 67M | 67M | 68M | 70M | 70M |
| CapEx/OCF | 85.3% | 93.2% | 101.2% | 105.3% | 42.7% | 45.3% | N/A | 36.9% | 39.5% | 37.8% | 76.2% | 98.8% | 64.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 9.2M | 10M | 12M | 14M | 16M | 19M | 5.1M | 0 | 3.1M | 7.4M | 8.8M | 9.2M | 9.4M |
| Dividend Yield | N/A | N/A | 2.2% | N/A | 1.8% | 1.8% | 1.1% | N/A | 0.6% | 1.2% | 1.9% | 1.8% | 1.3% |
| Share Buybacks | 3.9M | 773K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.8M | 1.5M | 1.9M | 2.4M | 2.7M | 3.5M | 4.4M | 9.3M | 8.2M | 6.4M | 8.2M | 7.5M | 7.8M |
| Debt Repayment | 32M | 7.2M | 52M | 36M | 12M | 25M | 9.4M | 11M | 36M | 11M | 11M | 10M | 10M |
| Balance Sheet | |||||||||||||
| Net Debt | 234M | 249M | 315M | 281M | 222M | 195M | 284M | 245M | 159M | 114M | 118M | 146M | 190M |
| Cash & Equiv. | 6.8M | 6.7M | 3.2M | 21M | 17M | 21M | 6.7M | 18M | 22M | 56M | 41M | 23M | 11M |
| Long-Term Debt | 234M | 207M | 271M | 290M | 229M | 206M | 193M | 204M | 170M | 160M | 149M | 159M | 174M |
| Debt/Equity | 0.74 | 0.70 | 0.82 | 0.68 | 0.49 | 0.35 | 0.58 | 0.58 | 0.40 | 0.36 | 0.34 | 0.37 | 0.46 |
| Interest Coverage | 4.6 | 6.1 | 7.8 | 6.4 | 6.4 | 5.8 | -11.0 | -2.2 | 0.5 | 2.7 | 1.5 | 1.5 | 32.1 |
| Equity | 326M | 363M | 390M | 443M | 490M | 621M | 499M | 454M | 456M | 471M | 465M | 457M | 441M |
| Total Assets | 765M | 805M | 911M | 1.0B | 989M | 1.4B | 1.3B | 1.2B | 1.1B | 1.1B | 1.0B | 1.0B | 992M |
| Total Liabilities | 439M | 439M | 520M | 575M | 499M | 738M | 755M | 735M | 608M | 594M | 580M | 557M | -6.1M |
| Intangibles | 12M | 14M | 14M | 12M | 12M | 12M | 12M | 5.7M | N/A | N/A | 6.9M | 6.8M | 6.8M |
| Retained Earnings | 294M | 325M | 351M | 403M | 439M | 462M | 332M | 289M | 274M | 282M | 265M | 269M | 251M |
| Working Capital | -65M | -83M | -95M | -83M | -80M | -96M | -150M | -113M | -93M | -63M | -85M | -99M | -95M |
| Current Assets | 37M | 45M | 36M | 77M | 69M | 79M | 68M | 100M | 64M | 102M | 92M | 65M | 50M |
| Current Liabilities | 102M | 129M | 131M | 160M | 149M | 175M | 217M | 213M | 156M | 164M | 177M | 163M | 145M |
| Per Share Data | |||||||||||||
| EPS | N/A | N/A | 1.36 | N/A | 1.86 | 1.35 | -4.02 | -1.38 | -0.38 | 0.36 | -0.24 | 0.41 | 0.44 |
| Owner EPS | N/A | N/A | 1.39 | N/A | 2.55 | 2.11 | -4.77 | -1.12 | 0.57 | 0.71 | 0.87 | 0.21 | 0.86 |
| Book Value | N/A | N/A | 13.95 | N/A | 17.07 | 19.95 | 16.07 | 14.46 | 14.48 | 11.50 | 14.58 | 14.62 | 14.38 |
| Cash Flow/Share | N/A | N/A | 2.96 | N/A | 4.78 | 4.54 | -2.21 | 1.47 | 2.96 | 2.50 | 3.26 | 2.69 | 2.75 |
| Dividends/Share | N/A | 0.35 | 0.43 | N/A | 0.57 | 0.62 | 0.17 | 0.00 | 0.10 | 0.18 | 0.28 | 0.29 | 0.31 |
| Shares Out. | N/A | N/A | 28.0M | N/A | 28.7M | 31.2M | 31.0M | 31.4M | 31.5M | 41.0M | 31.9M | 31.3M | 30.7M |
| Valuation | |||||||||||||
| P/E Ratio | 17.3 | 19.4 | 20.5 | 10.7 | 19.3 | 22.0 | N/A | N/A | N/A | 30.6 | N/A | 37.4 | 54.3 |
| P/FCF | N/A | N/A | N/A | N/A | 13.1 | 11.9 | N/A | 18.1 | 7.3 | 9.0 | 27.0 | 484.6 | 19.5 |
| EV/EBIT | 13.7 | 13.5 | 15.2 | 12.6 | 14.9 | 16.1 | N/A | N/A | 65.2 | 15.2 | 45.3 | 34.5 | 50.6 |
| Price/Book | 1.3 | 1.3 | 2.0 | 1.6 | 2.1 | 1.5 | 0.8 | 1.1 | 0.9 | 1.0 | 1.4 | 1.0 | 1.7 |
| Price/Sales | 0.8 | 1.0 | 1.0 | 1.1 | 1.3 | 1.3 | 1.9 | 1.2 | 0.7 | 0.6 | 0.6 | 0.7 | 1.0 |
| FCF Yield | 2.3% | 1.2% | -0.1% | -0.8% | 7.7% | 8.4% | -23.9% | 5.7% | 14.0% | 14.1% | 3.8% | 0.2% | 5.1% |
| Market Cap | 432M | 467M | 778M | 694M | 1.0B | 924M | 377M | 512M | 402M | 453M | 652M | 474M | 731M |
| Avg. Price | 13.80 | 16.92 | 19.52 | 26.20 | 31.35 | 33.74 | 14.62 | 17.33 | 15.09 | 14.68 | 14.26 | 16.52 | 23.82 |
| Year-End Price | 15.88 | 16.92 | 27.92 | 24.45 | 35.81 | 29.68 | 12.46 | 16.79 | 13.09 | 14.08 | 20.92 | 15.32 | 23.82 |
MARCUS CORP passes 2 of 9 quality checks, indicating weak fundamentals.
MARCUS CORP trades at 58.1x trailing earnings, compared to its 15-year median P/E of 21.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 573.0x vs a median of 12.5x. The company's 5-year average ROIC is 0.9% with a gross margin of 25.1%. Total shareholder yield (dividends) is 1.3%. At current prices, the estimated annualized return to fair value is -21.0%.
MARCUS CORP (MCS) has a net profit margin of 1.7%. This is a modest margin.
MARCUS CORP (MCS) generated $989 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
MARCUS CORP (MCS) has a debt-to-equity ratio of 0.37. This indicates a conservatively financed balance sheet.
MARCUS CORP (MCS) reported earnings per share (EPS) of $0.41 in its most recent fiscal year.
MARCUS CORP (MCS) has a return on equity (ROE) of 2.8%. This indicates moderate shareholder returns.
MARCUS CORP (MCS) has a 5-year average gross margin of 25.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for MARCUS CORP (MCS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
MARCUS CORP (MCS) has a book value per share of $14.62, based on its most recent annual SEC filing.
No recent press releases.