8-K Announcements
6Material company update
May 12, 2026·SEC
Material company update
Mar 27, 2026·SEC
Material company update
Feb 26, 2026·SEC
National CineMedia, Inc.(NCMI)Earnings, Financials & Key Ratios
NCMI•NASDAQ
$3.81
Price updated Jul 6, 2026
SectorCommunication ServicesIndustryAdvertising & MarketingSub-IndustryOut-of-home and cinema advertising
AboutNational CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies. The company is also engaged in the sale of online and mobile advertising through its Noovie Audience Accelerator product, as well as a suite of Noovie digital properties, such as Noovie Shuffle, Noovie Trivia, Name That Movie, and Noovie Arcade to reach entertainment audiences beyond the theater. It offers its services to third-party theater circuits under long-term network affiliate agreements. The company was incorporated in 2006 and is headquartered in Centennial, Colorado.Show more
- Revenue$243M+1.0%
- EBITDA$24M+4.8%
- Net Income-$11M+52.5%
- EPS (Diluted)-0.11+52.2%
- Gross Margin30.35%+0.4%
- EBITDA Margin9.87%+3.8%
- Operating Margin-5.72%+29.4%
- Net Margin-4.36%+52.9%
- ROE-2.58%+51.1%
NCMI Price & Volume
National CineMedia, Inc. (NCMI) stock price & volume — 10-year historical chart
Loading chart...
Seasonal Revenue Volatility Challenges Structural Profitability Sustainability
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:High Seasonal Revenue Volatility
Key Thesis Takeaways
- National CineMedia's post-restructuring recovery remains tethered to the cyclicality of the Hollywood blockbuster calendar, which drives extreme quarterly revenue variance between $34.0 million and $93.2 million.
- While the company has successfully reduced total liabilities to $123.9 million as of 2026Q1, the persistent inability to achieve consistent operating leverage—evidenced by negative operating margins in several recent quarters—suggests ongoing structural challenges.
- Investors should monitor whether the company can decouple its cash generation from seasonal film cycles before committing capital to a business model where goodwill still comprises $300.8 million of total assets.
Verdict Logic
while the balance sheet has stabilized with a low debt-to-equity ratio of 0.06, the company's inconsistent profitability and negative 2026Q1 net income of $28.6 million warrant a cautious wait-and-see approach.
NCMI Growth Metrics
National CineMedia, Inc. (NCMI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-5.89%
5 Years21.89%
3 Years-0.81%
TTM1.72%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM54.1%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM53.03%
Return on Capital
10 Years-1.25%
5 Years-13.33%
3 Years-20.69%
Last Year-2.81%
NCMI Recent Earnings
National CineMedia, Inc. (NCMI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 12, 2026Metric
Actual
Est
EPS
$0.23+11.5%
$0.26
Rev
$34M+3.3%
$33M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.28+12.0%
$0.25
Rev
$93M+2.5%
$91M
Q4 2025
Oct 30, 2025Metric
Actual
Est
EPS
$0.02+156.6%
$0.03
Rev
$63M-31.3%
$92M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.11+0.0%
$0.11
Rev
$52M-18.2%
$63M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 12, 2026 | $0.23vs $0.26+11.5% | $34Mvs $33M+3.3% |
| Q1 2026 | Feb 26, 2026 | $0.28vs $0.25+12.0% | $93Mvs $91M+2.5% |
| Q4 2025 | Oct 30, 2025 | $0.02vs $0.03+156.6% | $63Mvs $92M-31.3% |
| Q3 2025 | Aug 5, 2025 | $0.11vs $0.11+0.0% | $52Mvs $63M-18.2% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for National CineMedia, Inc. (NCMI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $3.81 | $357.3M | -34.64 | 1% | -4.36% | -2.58% | 3.18% | |
| $2.41 | $1.23B | -11.48 | 6.57% | -12.5% | — | — | |
| $32.51 | $5.72B | 37.37 | 0.04% | 9.98% | 26.82% | — | |
| $158.01 | $16.03B | 27.38 | 2.68% | 24.02% | 55.54% | — | |
| $37.73 | $354.31M | 17.15 | -6.42% | 65.05% | 21.16% | — | |
| $24.57 | $8.93B | 13.43 | -1.81% | 5.4% | 14.61% | — |
Compare NCMI vs Peers
National CineMedia, Inc. (NCMI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NCMI SEC Filings & Documents
National CineMedia, Inc. (NCMI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Get notified when NCMI posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
NCMI Frequently Asked Questions
National CineMedia, Inc. (NCMI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is National CineMedia, Inc.'s revenue?
National CineMedia, Inc. (NCMI) reported $242.4M in revenue for fiscal year 2025. This represents a 11% increase from $219.3M in 2006.
How fast is National CineMedia, Inc. growing?
National CineMedia, Inc. (NCMI) grew revenue by 1.0% over the past year. Growth has been modest.
Is NCMI profitable?
National CineMedia, Inc. (NCMI) reported a net loss of $8.4M for fiscal year 2025.
Dividend & Returns
Does NCMI pay dividends?
Yes, National CineMedia, Inc. (NCMI) pays a dividend with a yield of 3.18%. This makes it attractive for income-focused investors.
What is NCMI's return on equity?
National CineMedia, Inc. (NCMI) has a return on equity (ROE) of -2.6%. Negative ROE indicates the company is unprofitable.
What is National CineMedia, Inc.'s free cash flow?
National CineMedia, Inc. (NCMI) generated $16.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.