MCS

MKT CAP:$583M

The Marcus Corporation

Market Cap

$583M

Communication Services·Entertainment·🇺🇸 United States·NYSE

Communication·Entertainment·🇺🇸·NYSE

Stock Price

$18.78+$3.53 (+23.15%)

Apr 24, 2026

Company Details

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates in two segments, Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen ...

CEO

Gregory S. Marcus

IPO Date

Mar 17, 1980

Website

www.marcuscorp.com

Key Metrics TTM

Revenue

$780M

+13.9% YoY

Net Income

$24M

EPS (Diluted)

$0.75

Free Cash Flow

-$1M

Revenue / Share

$25.02

Gross Margin

53.0%

Operating Margin

4.2%

Net Margin

3.0%

FCF Margin

-0.1%

P/S

0.7x

P/E

24.6x

Earnings Reports

Q4 2025

May 5, 2026

PENDING

Q3 2025

Oct 31, 2025

$210M-9.7%EPS $0.52

Q1 2025

May 6, 2025

$149M+7.4%EPS -$0.53

FY 2024

Feb 27, 2025

$736M+0.8%EPS -$0.24

Q4 2024

Feb 27, 2025

$188M+16.6%EPS $0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$93M	$39M	-$26M
Q3 21	$146M	$68M	$6M
Q4 21	$169M	$78M	$14M
Q1 22	$132M	$52M	-$17M
Q2 22	$199M	$88M	$19M
Q3 22	$184M	$83M	$9M
Q1 23	$152M	$63M	-$9M
Q2 23	$207M	$93M	$21M
Q3 23	$209M	$98M	$21M
Q4 23	$162M	$70M	$1M
Q1 24	$139M	$46M	-$17M
Q2 24	$176M	$68M	$2M
Q3 24	$233M	$101M	$33M
Q4 24	$188M	$71M	-$2M
Q1 25	$149M	$47M	-$20M
Q3 25	$210M	$193M	$23M

Valuation

Quarter	P/S	P/E
Q2 21	3.2x	—
Q3 21	1.7x	—
Q4 21	1.2x	—
Q1 22	1.0x	—
Q2 22	0.9x	267.8x
Q3 22	0.6x	114.9x
Q1 23	0.7x	—
Q2 23	0.6x	28.3x
Q3 23	0.7x	25.3x
Q4 23	0.6x	31.4x
Q1 24	0.6x	36.0x
Q2 24	0.5x	—
Q3 24	0.7x	—
Q4 24	0.9x	—
Q1 25	0.7x	—
Q3 25	0.6x	20.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$3M	-$1M
Q3 21	$12M	$9M
Q4 21	$44M	$36M
Q1 22	$6M	-$91.0K
Q2 22	$49M	$39M
Q3 22	$5M	-$6M
Q1 23	-$8M	-$17M
Q2 23	$55M	$48M
Q3 23	$21M	$11M
Q4 23	$34M	$21M
Q1 24	-$15M	-$31M
Q2 24	$36M	$16M
Q3 24	$30M	$12M
Q4 24	$53M	$27M
Q1 25	-$35M	-$58M
Q3 25	$39M	$18M

Capital Expenditures

Quarter	CapEx
Q2 21	$5M
Q3 21	$3M
Q4 21	$8M
Q1 22	$7M
Q2 22	$10M
Q3 22	$11M
Q1 23	$9M
Q2 23	$7M
Q3 23	$10M
Q4 23	$13M
Q1 24	$15M
Q2 24	$20M
Q3 24	$18M
Q4 24	$25M
Q1 25	$23M
Q3 25	$21M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	+1066.6%	+94.5%
Q3 21	+334.2%	+71.1%
Q4 21	+360.6%	+68.7%
Q1 22	+160.4%	+72.4%
Q2 22	+114.5%	+51.4%
Q3 22	+25.9%	+25.2%
Q1 23	-9.9%	+4.0%
Q2 23	+56.5%	+24.9%
Q3 23	+5.1%	+4.5%
Q4 23	-12.0%	-8.2%
Q1 24	-9.0%	-3.8%
Q2 24	-15.0%	-6.7%
Q3 24	+11.4%	+6.4%
Q4 24	+16.6%	+18.8%
Q1 25	+7.4%	+9.0%
Q3 25	+19.4%	+7.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$3M	2.9%
Q3 21	$3M	1.7%
Q4 21	$3M	1.6%
Q1 22	$3M	2.2%
Q2 22	$2M	0.8%
Q3 22	$3M	1.4%
Q1 23	$2M	1.4%
Q2 23	$2M	0.7%
Q3 23	$1M	0.6%
Q4 23	$1M	0.9%
Q1 24	$3M	1.8%
Q2 24	$2M	1.4%
Q3 24	$2M	1.0%
Q4 24	$1M	0.6%
Q1 25	$4M	2.4%
Q3 25	$6M	3.0%

OpEx Breakdown

Quarter	G&A	S&M
Q2 21	$22M	$4M
Q3 21	$23M	$5M
Q4 21	$24M	$5M
Q1 22	$25M	$4M
Q2 22	$24M	$6M
Q3 22	$27M	$7M
Q1 23	$26M	$5M
Q2 23	$26M	$6M
Q3 23	$26M	$6M
Q4 23	$26M	$6M
Q1 24	$28M	$5M
Q2 24	$29M	$7M
Q3 24	$30M	$7M
Q4 24	$28M	$6M
Q1 25	$31M	$5M
Q3 25	$29M	$7M

Revenue Segments

Quarter	Corporate	Hotels Or Resorts	Theatres Segment	Corporate Segment	Hotels or Resorts	Admission	Concessions	Food and Beverage	Occupancy	Product and Service, Other
Q2 21	$95.0K	$40M	$52M	—	—	—	—	—	—	—
Q3 21	—	—	$80M	$63.0K	$66M	—	—	—	—	—
Q4 21	—	$53M	$116M	$100.0K	—	—	—	—	—	—
Q1 22	—	—	$79M	$94.0K	$53M	—	—	—	—	—
Q2 22	—	—	$129M	$117.0K	$69M	—	—	—	—	—
Q3 22	—	—	$101M	$92.0K	$82M	—	—	—	—	—
Q3 23	—	—	—	—	—	$64M	$55M	$20M	$36M	$24M
Q3 24	—	—	—	—	—	$69M	$62M	$22M	$40M	$29M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$19M	$0	$19M
Q2 22	$58M	$0	$58M
Q3 22	$11M	$0	$11M
Q4 22	$22M	$4M	$26M
Q1 23	$10M	$0	$10M
Q2 23	$45M	$0	$45M
Q3 23	$36M	$0	$36M
Q4 23	$56M	$5M	$61M
Q1 24	$17M	$0	$17M
Q2 24	$33M	$0	$33M
Q3 24	$28M	$0	$28M
Q4 24	$41M	$8M	$49M
Q1 25	$12M	$0	$12M
Q2 25	$15M	$0	$15M
Q3 25	$7M	$0	$7M
Q4 25	$23M	$0	$23M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	31M	+0.7%	+1.1%
Q3 21	31M	+0.2%	+1.3%
Q4 21	41M	+29.0%	+30.7%
Q1 22	31M	-22.6%	+0.8%
Q2 22	41M	+29.2%	+29.3%
Q3 22	41M	+0.2%	+29.3%
Q1 23	32M	-22.4%	-22.2%
Q2 23	41M	+29.7%	+30.2%
Q3 23	41M	+0.1%	+0.9%
Q4 23	32M	-22.6%	-22.1%
Q1 24	32M	0.0%	+0.4%
Q2 24	32M	+1.5%	-21.4%
Q3 24	32M	-0.4%	-21.8%
Q4 24	32M	-0.8%	+0.2%
Q1 25	32M	-0.5%	-0.3%
Q3 25	31M	-1.3%	-3.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$22.0K	4K
Q3 21	$34.7K	4K
Q4 21	$22.5K	8K
Q1 22	$17.6K	8K
Q2 22	$26.5K	8K
Q3 22	$24.5K	8K
Q1 23	$18.9K	8K
Q2 23	$25.7K	8K
Q3 23	$25.9K	8K
Q4 23	$20.8K	8K
Q1 24	$17.8K	8K
Q2 24	$22.6K	8K
Q3 24	$29.9K	8K
Q4 24	$22.0K	9K
Q1 25	$17.4K	9K
Q3 25	$24.6K	9K

Revenue / Employee