Recent News
May 21, 2026 — The Marcus Corporation declared a quarterly cash dividend of $0.08 per share, payable June 15, 2026 to holders of record as of June 1, 2026. May 20–22, 2026 — Marcus Theatres launched a “Make Summer Pop” marketing campaign timed to a blockbuster summer slate and the company scheduled its virtual Annual Meeting of Shareholders for May 21, 2026. These items represent corporate actions and promotional initiatives outside the company’s earnings release cycle.
Technical Analysis
Directional Indicators (ADX / DI+ / DI-): ADX at 46.14 signals very strong trend strength; DI+ measures 35.50 and shows an increasing trend while DI- measures 7.83 and is decreasing. The rising DI+ together with a falling DI- constitutes a bullish directional profile that supports continued upside momentum, though the elevated ADX suggests the trend already carries strong participation and may be extended.
MACD: MACD stands at 1.12 with the MACD signal at 0.76 and the MACD trend increasing; MACD sits above its signal line, which represents a bullish momentum confirmation and aligns with short-term upward pressure on price.
MRO (Momentum/Regression Oscillator): MRO reads 28.92 with a dip-and-reversal pattern. The positive MRO indicates price sits above the implied target and, combined with the recent dip-and-reverse, signals a potential stabilization after a pullback rather than a new breakout—a tension between elevated price and a corrective impulse.
RSI: RSI at 65.96 and increasing points to firm buying pressure without breaching extreme territory; momentum remains constructive but approaches levels where momentum-driven exhaustion often emerges.
Price vs Averages and Volatility: Last close $23.86 trades well above the 200‑day average of $16.29, above the 50‑day average of $19.09 and above the 20‑day average of $21.02. Short EMAs (12‑day EMA $21.53; 26‑day EMA $20.29) trend higher and price sits above both, reinforcing the bullish momentum. Price has moved above the 1‑standard‑deviation upper Bollinger band ($22.64) but remains below the 2‑standard‑deviation band ($24.25), indicating elevated but not extreme intraday dispersion and above‑average volatility relative to the recent mean.
Fundamental Analysis
Profitability & Margins: Total revenue for the period totaled $154,404,000. EBIT stands at -$20,362,000 and EBITDA at -$2,527,000, producing an EBIT margin of -13.19%. Quarter-over-quarter, EBIT margin declined by 17.71%; year-over-year the margin sits about 8.12% lower. The EBIT margin compares unfavorably with the industry peer mean of 11.95% and the industry peer median of 15.26%, placing Marcus below typical movie-and-hospitality peers on operating profitability.
Earnings Per Share: Reported EPS equaled -$0.51 versus an estimate of -$0.54, producing an EPS surprise of approximately 5.56% (beat). The negative absolute EPS aligns with operating losses but the modest upside to estimate indicates slightly better-than-expected near-term operational outcomes versus consensus.
Cash Flow and Liquidity: Operating cash flow totaled -$15,221,000 and free cash flow reached -$21,869,000; end-of-period cash and short‑term investments stood at $11,229,000. The cash conversion ratio registers -1.6292 and the cash flow to earnings ratio is 1.424, showing cash flows moving counter to net losses. Current ratio measures 0.3473, below the industry peer mean current ratio of 0.798 (and below the peer median of 0.679), indicating compressed near-term liquidity relative to peers.
Leverage & Interest Coverage: Total debt equals $349,902,000 with net debt approximately $162,833,000. Debt-to-assets reads 35.27%, slightly above the industry peer mean of 28.02%. Interest coverage sits at -7.74, reflecting operating losses and negative EBIT that leave the company unable to cover interest expense from operating income, a material constraint on financial flexibility.
Margins and Efficiency: Gross margin stands at 32.86%, modestly below the industry peer mean of 37.54%. Asset turnover equals 0.1539, above the industry peer mean of 0.1123, implying the company generates revenue at a higher rate per dollar of assets than the peer average despite lower margins. Return-on-equity registers -3.48% and return-on-assets -1.53%, both negative and indicative of constrained profitability on capital employed.
Valuation: WMDST values the stock as over‑valued. Market indicators show forward P/E near 118.94 and a price-to-sales ratio of 3.46, while enterprise value and cash flow metrics reflect an elevated market multiple relative to operating performance and negative free cash flow. The slight EPS beat and promotional catalysts do not yet offset negative margins and cash generation shortfalls in the valuation context.
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 % |
|