Recent News
May 21, 2026 — The Marcus Corporation scheduled a virtual Annual Meeting of Shareholders. May 7, 2026 — Marcus Theatres promoted Rob Novak to Executive Vice President of Operations and Food & Beverage. April 23, 2026 — UNITE HERE Local 1 released a report alleging related-party transaction concerns connected to Marcus operations. April 7, 2026 — Jeffry F. Tomachek promoted to President of Marcus Theatres. April 6, 2026 — Marcus Theatres reported its highest-grossing five-day Easter weekend. June (early) 2026 — an announcement noted an executive retirement.
Technical Analysis
ADX / DI+/DI-: ADX at 56.97 signals a very strong trend. DI+ shows a peak-and-reversal, indicating waning directional bullish pressure. DI- is decreasing, indicating falling bearish pressure; the mixed directional signals raise the probability of a short-term reversal while trend strength remains elevated.
MACD: MACD sits at 1.33 with the MACD line above its 1.12 signal line and the MACD trend increasing; that crossover and rising MACD indicate ongoing bullish momentum that supports further upside while the crossover remains intact.
MRO: MRO at 34.65 with a peak-and-reversal indicates the price trades above the modeled target and therefore carries measurable downside pressure toward fair-value levels implied by the oscillator.
RSI: RSI at 67.6 and rising approaches overbought territory, increasing the chance of short-term consolidation or a pullback from extended intraday levels.
Price vs. Moving Averages & Bands: Last close $24.89 sits above the 12-day EMA ($23.02), 20-day average ($22.74), 50-day average ($19.66) and 200-day average ($16.55), and exceeds the prior 52-week high of $24.35—a technical breakout confirmed on elevated volume. The close lies near the upper Bollinger band (1σ upper $24.25; 2σ upper $25.75), implying proximity to the short-term upper volatility band.
Volume & Support: Intraday volume (≈1,469,607) runs well above the 10-day average (≈394,680), validating the breakout move but also signaling potential exhaustion if follow-through volume fades. SuperTrend lower support sits near $22.13 and represents an immediate technical level to watch for consolidation.
Fundamental Analysis
Earnings & Revenue (Q1 Reported April 30, 2026): Q1 revenue $154.4M beat expectations; EPS -$0.51 beat estimate -$0.54 by $0.03 (a 5.56% surprise). Operating and earnings metrics remain pressured despite the beat: EBIT -$20.36M and EBITDA -$2.53M reflect continued negative operating profitability for the quarter.
Profitability: EBIT margin -13.19% contrasts with the industry peer mean of 11.95% and industry peer median of 15.26%, leaving the company materially below peer profitability measures. EBIT margin contracted QoQ by -17.71% and worsened YoY by -8.12% (percentage-point movements expressed as percentages of prior periods), underscoring near-term margin pressure tied to operating expense load and revenue mix.
Cash Flow & Liquidity: Free cash flow totaled -$21.87M with operating cash flow -$15.22M and cash on hand $11.23M; the company ended the period with net debt $162.83M. Free cash flow yield registers about -4.09%. Current ratio 0.35 remains below the industry peer mean of 0.80, signaling constrained short-term liquidity relative to peers.
Balance Sheet & Capital Structure: Debt-to-assets stands at 35.27% and debt-to-equity roughly 79.31%. Asset turnover 0.1539 exceeds the industry peer mean of 0.1123, indicating relatively efficient revenue generation from assets despite lower margins. Enterprise multiple shows a negative value driven by negative operating earnings.
Valuation Context: Price-to-book 1.21 sits below the industry peer mean of 2.12; price-to-sales 3.46 sits below the industry peer mean of 12.45, reflecting mixed signals where market multiples compress relative to some peers even as WMDST’s valuation model labels the stock over-valued. Forward EPS of $0.135 and a forward P/E near 119 reflect low near-term earnings power embedded in current price expectations. WMDST values the stock as over-valued given negative operating margins, negative free cash flow, and constrained liquidity despite recent revenue beats.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-30 |
| NEXT REPORT DATE: | 2026-07-30 |
| CASH FLOW | Begin Period Cash Flow | $ 26.6 M |
| Operating Cash Flow | $ -15.22 M | |
| Capital Expenditures | $ -6.65 M | |
| Change In Working Capital | $ -18.23 M | |
| Dividends Paid | $ -2.41 M | |
| Cash Flow Delta | $ -12.23 M | |
| End Period Cash Flow | $ 14.4 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 154.4 M | |
| Forward Revenue | $ -10.42 M | |
| COSTS | ||
| Cost Of Revenue | $ 103.7 M | |
| Depreciation | $ 17.8 M | |
| Depreciation and Amortization | $ 17.8 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 173.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 50.7 M | |
| EBITDA | $ -2.53 M | |
| EBIT | $ -20.36 M | |
| Operating Income | $ -19.18 M | |
| Interest Income | — | |
| Interest Expense | $ 2.6 M | |
| Net Interest Income | $ -2.63 M | |
| Income Before Tax | $ -22.99 M | |
| Tax Provision | $ -7.64 M | |
| Tax Rate | 33.2 % | |
| Net Income | $ -15.35 M | |
| Net Income From Continuing Operations | $ -15.35 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.54 | |
| EPS Actual | $ -0.51 | |
| EPS Difference | $ 0.03 | |
| EPS Surprise | 5.556 % | |
| Forward EPS | $ 0.14 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 992.1 M | |
| Intangible Assets | $ 75.0 M | |
| Net Tangible Assets | $ 366.2 M | |
| Total Current Assets | $ 50.4 M | |
| Cash and Short-Term Investments | $ 11.2 M | |
| Cash | $ 11.2 M | |
| Net Receivables | $ 16.6 M | |
| Inventory | — | |
| Long-Term Investments | $ 24.0 M | |
| LIABILITIES | ||
| Accounts Payable | $ 31.7 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 145.2 M | |
| Net Debt | $ 162.8 M | |
| Total Debt | $ 349.9 M | |
| Total Liabilities | $ 550.9 M | |
| EQUITY | ||
| Total Equity | $ 441.2 M | |
| Retained Earnings | $ 250.8 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 14.36 | |
| Shares Outstanding | 30.714 M | |
| Revenue Per-Share | $ 5.03 | |
| VALUATION | Market Capitalization | $ 534.3 M |
| Enterprise Value | $ 873.0 M | |
| Enterprise Multiple | -345.449 | |
| Enterprise Multiple QoQ | -951.589 % | |
| Enterprise Multiple YoY | 31.796 % | |
| Enterprise Multiple IPRWA | high: 108.592 median: 42.001 mean: 9.81 MCS: -345.449 low: -1159.536 |
|
| EV/R | 5.654 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.249 | |
| Asset To Liability | 1.801 | |
| Debt To Capital | 0.442 | |
| Debt To Assets | 0.353 | |
| Debt To Assets QoQ | 6.659 % | |
| Debt To Assets YoY | -7.569 % | |
| Debt To Assets IPRWA | high: 0.84 MCS: 0.353 mean: 0.28 median: 0.231 low: 0.055 |
|
| Debt To Equity | 0.793 | |
| Debt To Equity QoQ | 8.131 % | |
| Debt To Equity YoY | -9.792 % | |
| Debt To Equity IPRWA | high: 7.846 MCS: 0.793 mean: 0.467 median: 0.436 low: -3.953 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.211 | |
| Price To Book QoQ | 16.212 % | |
| Price To Book YoY | -1.736 % | |
| Price To Book IPRWA | high: 8.538 mean: 2.117 median: 1.643 MCS: 1.211 low: -9.866 |
|
| Price To Earnings (P/E) | -34.109 | |
| Price To Earnings QoQ | -141.66 % | |
| Price To Earnings YoY | 5.873 % | |
| Price To Earnings IPRWA | high: 2929.77 mean: 531.651 median: 65.442 MCS: -34.109 low: -464.304 |
|
| PE/G Ratio | 0.093 | |
| Price To Sales (P/S) | 3.46 | |
| Price To Sales QoQ | 40.475 % | |
| Price To Sales YoY | -5.458 % | |
| Price To Sales IPRWA | high: 44.101 mean: 12.449 median: 7.097 MCS: 3.46 low: 0.555 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 118.937 | |
| Forward PE/G | -0.323 | |
| Forward P/S | -51.251 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 70.95 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.154 | |
| Asset Turnover Ratio QoQ | -19.714 % | |
| Asset Turnover Ratio YoY | 6.682 % | |
| Asset Turnover Ratio IPRWA | high: 0.283 MCS: 0.154 median: 0.124 mean: 0.112 low: 0.029 |
|
| Receivables Turnover | 13.107 | |
| Receivables Turnover Ratio QoQ | -2.863 % | |
| Receivables Turnover Ratio YoY | 10.808 % | |
| Receivables Turnover Ratio IPRWA | MCS: 13.107 high: 10.229 mean: 2.262 median: 1.71 low: 0.711 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 6.962 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 134.4 median: 23.301 mean: 22.731 MCS: 0 low: -63.419 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | -1.629 | |
| CapEx To Revenue | -0.043 | |
| CapEx To Depreciation | -0.373 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 615.2 M | |
| Net Invested Capital | $ 615.2 M | |
| Invested Capital | $ 615.2 M | |
| Net Tangible Assets | $ 366.2 M | |
| Net Working Capital | $ -94.77 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.077 | |
| Current Ratio | 0.347 | |
| Current Ratio QoQ | -22.964 % | |
| Current Ratio YoY | -17.015 % | |
| Current Ratio IPRWA | high: 2.493 mean: 0.798 median: 0.679 MCS: 0.347 low: 0.295 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -138.465 | |
| Cost Of Debt | 0.676 % | |
| Interest Coverage Ratio | -7.742 | |
| Interest Coverage Ratio QoQ | -1571.875 % | |
| Interest Coverage Ratio YoY | 2.325 % | |
| Interest Coverage Ratio IPRWA | high: 8.118 median: 8.118 mean: 6.19 low: -3.881 MCS: -7.742 |
|
| Operating Cash Flow Ratio | -0.138 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 29.31 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | -6.371 | |
| Dividend Payout Ratio | -0.157 | |
| Dividend Rate | $ 0.08 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -2.215 % | |
| Revenue Growth | -20.204 % | |
| Revenue Growth QoQ | 154.972 % | |
| Revenue Growth YoY | -3.795 % | |
| Revenue Growth IPRWA | high: 17.461 % median: -3.129 % mean: -12.478 % MCS: -20.204 % low: -65.293 % |
|
| Earnings Growth | -368.421 % | |
| Earnings Growth QoQ | 480.538 % | |
| Earnings Growth YoY | -80.609 % | |
| Earnings Growth IPRWA | high: 356.897 % median: -3.681 % mean: -28.221 % low: -344.118 % MCS: -368.421 % |
|
| MARGINS | ||
| Gross Margin | 32.857 % | |
| Gross Margin QoQ | -15.078 % | |
| Gross Margin YoY | 3.444 % | |
| Gross Margin IPRWA | high: 93.872 % mean: 37.539 % median: 36.821 % MCS: 32.857 % low: 9.627 % |
|
| EBIT Margin | -13.187 % | |
| EBIT Margin QoQ | -1771.356 % | |
| EBIT Margin YoY | -8.124 % | |
| EBIT Margin IPRWA | high: 17.722 % median: 15.257 % mean: 11.947 % MCS: -13.187 % low: -142.729 % |
|
| Return On Sales (ROS) | -12.422 % | |
| Return On Sales QoQ | -415.76 % | |
| Return On Sales YoY | -13.454 % | |
| Return On Sales IPRWA | high: 15.055 % median: 15.055 % mean: 10.566 % MCS: -12.422 % low: -107.787 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ -21.87 M | |
| Free Cash Flow Yield | -4.093 % | |
| Free Cash Flow Yield QoQ | -173.908 % | |
| Free Cash Flow Yield YoY | -61.798 % | |
| Free Cash Flow Yield IPRWA | high: 2.766 % median: 2.766 % mean: 2.297 % MCS: -4.093 % low: -11.093 % |
|
| Free Cash Growth | -182.843 % | |
| Free Cash Growth QoQ | -505.561 % | |
| Free Cash Growth YoY | -41.963 % | |
| Free Cash Growth IPRWA | high: 182.816 % MCS: -182.843 % mean: -280.072 % median: -316.901 % low: -934.971 % |
|
| Free Cash To Net Income | 1.424 | |
| Cash Flow Margin | -12.941 % | |
| Cash Flow To Earnings | 1.302 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.03 | |
| Return On Assets (ROA) | -1.53 % | |
| Return On Assets QoQ | -359.322 % | |
| Return On Assets YoY | -6.193 % | |
| Return On Assets IPRWA | high: 1.103 % median: 1.103 % mean: 0.744 % MCS: -1.53 % low: -9.466 % |
|
| Return On Capital Employed (ROCE) | -2.404 % | |
| Return On Equity (ROE) | -0.035 | |
| Return On Equity QoQ | -367.281 % | |
| Return On Equity YoY | -8.565 % | |
| Return On Equity IPRWA | high: 0.319 median: 0.021 mean: 0.01 MCS: -0.035 low: -0.962 |
|
| DuPont ROE | -3.417 % | |
| Return On Invested Capital (ROIC) | -2.21 % | |
| Return On Invested Capital QoQ | -1227.551 % | |
| Return On Invested Capital YoY | -4.659 % | |
| Return On Invested Capital IPRWA | high: 1.801 % median: 1.801 % mean: 1.452 % MCS: -2.21 % low: -4.028 % |
|

