NASDAQ : NCMI
National CineMedia, Inc. — Financial statements
Communication Services · Advertising Agencies · United States
Last price 1.61 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 151.45M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
National CineMedia, Inc. (NCMI) reported revenue of 249.00M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 249.00M | 243.20M | 240.80M | 165.20M | 249.20M | 114.60M |
| Cost of Revenue | 140.40M | 129.50M | 125.20M | 80.10M | 117.90M | 76.90M |
| Gross Profit | 108.60M | 113.70M | 115.60M | 85.10M | 131.30M | 37.70M |
| Selling, General & Admin | 85.00M | 85.60M | 89.40M | 86.90M | 86.70M | 70.70M |
| Amortization of Goodwill & Intangibles | 31.70M | 33.30M | 37.80M | 22.40M | 25.00M | 24.70M |
| Operating Expenses | 122.10M | 123.50M | 131.80M | 112.40M | 118.20M | 106.10M |
| Operating Income | -13.50M | -9.80M | -16.20M | -27.30M | 13.10M | -68.40M |
| Interest Expense | -800.00K | -600.00K | -1.70M | -27.90M | -79.70M | -64.80M |
| Interest & Investment Income | 1.10M | 1.40M | 2.40M | 100.00K | ||
| Earnings From Equity Investments | 900.00K | 600.00K | 1.20M | 600.00K | 400.00K | 100.00K |
| Other Non Operating Income (Expenses) | 8.70M | 3.70M | -4.50M | -9.80M | -1.90M | 16.10M |
| EBT Excluding Unusual Items | -3.60M | -4.70M | -18.80M | -64.30M | -68.10M | -117.00M |
| Merger & Restructuring Charges | -4.10M | -4.10M | -2.90M | -400.00K | ||
| Gain (Loss) on Sale of Investments | 593.20M | |||||
| Gain (Loss) on Sale of Assets | 2.20M | |||||
| Asset Writedown | -5.80M | -200.00K | ||||
| Other Unusual Items | -100.00K | -1.80M | -400.00K | 167.80M | 5.90M | -1.20M |
| Pretax Income | -7.80M | -10.60M | -22.10M | 696.70M | -66.20M | -118.40M |
| Income Tax Expense | 200.00K | |||||
| Earnings From Continuing Operations | -7.80M | -10.60M | -22.30M | 696.70M | -66.20M | -118.40M |
| Minority Interest in Earnings | 8.50M | 37.50M | 69.70M | |||
| Net Income | -7.80M | -10.60M | -22.30M | 705.20M | -28.70M | -48.70M |
| Net Income to Common | -7.80M | -10.60M | -22.30M | 705.20M | -28.70M | -48.70M |
| Shares Outstanding (Basic) | 93.57M | 94.18M | 95.87M | 47.88M | 8.20M | 7.99M |
| Shares Outstanding (Diluted) | 93.57M | 94.18M | 95.87M | 48.57M | 8.20M | 7.99M |
| EPS (Basic) | -0.08 | -0.11 | -0.23 | 14.73 | -3.50 | -6.10 |
| EPS (Diluted) | -0.08 | -0.11 | -0.23 | 14.34 | -3.50 | -6.10 |
| Free Cash Flow | 19.70M | 2.80M | 54.50M | -10.00M | -50.20M | -100.90M |
| Free Cash Flow Per Share | 0.21 | 0.03 | 0.57 | -0.21 | -6.12 | -12.63 |
| Dividend Per Share | 0.09 | 0.09 | 0.60 | 2.00 | ||
| Gross Margin | 43.61% | 46.75% | 48.01% | 51.51% | 52.69% | 32.90% |
| Operating Margin | -5.42% | -4.03% | -6.73% | -16.53% | 5.26% | -59.69% |
| Profit Margin | -3.13% | -4.36% | -9.26% | 426.88% | -11.52% | -42.50% |
| Free Cash Flow Margin | 7.91% | 1.15% | 22.63% | -6.05% | -20.14% | -88.05% |
| EBITDA | 21.30M | 25.80M | 23.80M | -3.60M | 40.80M | -64.50M |
| EBITDA Margin | 8.55% | 10.61% | 9.88% | -2.18% | 16.37% | -56.28% |
| D&A For EBITDA | 34.80M | 35.60M | 40.00M | 23.70M | 27.70M | 3.90M |
| EBIT | -13.50M | -9.80M | -16.20M | -27.30M | 13.10M | -68.40M |
| EBIT Margin | -5.42% | -4.03% | -6.73% | -16.53% | 5.26% | -59.69% |
| Advertising Expenses | 100.00K |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.10M | 34.60M | 75.10M | 34.60M | 61.70M | 101.20M |
| Short-Term Investments | 700.00K | 300.00K | ||||
| Cash & Short-Term Investments | 43.10M | 34.60M | 75.10M | 34.60M | 62.40M | 101.50M |
| Accounts Receivable | 62.00M | 96.00M | 82.00M | 96.60M | 91.40M | 52.00M |
| Other Receivables | 500.00K | 13.90M | 5.40M | 600.00K | 1.00M | |
| Receivables | 62.00M | 96.50M | 95.90M | 102.00M | 92.00M | 53.00M |
| Prepaid Expenses | 3.50M | 4.00M | 3.90M | 4.20M | 7.90M | 3.90M |
| Restricted Cash | 3.00M | 3.00M | 3.00M | 3.00M | 2.10M | |
| Total Current Assets | 111.60M | 138.10M | 177.90M | 143.80M | 164.40M | 158.40M |
| Property, Plant & Equipment | 25.70M | 28.20M | 28.60M | 20.10M | 29.90M | 40.10M |
| Long-Term Investments | 9.50M | 8.10M | 3.80M | 700.00K | 1.20M | 1.80M |
| Goodwill | 600.00K | 500.00K | ||||
| Other Intangible Assets | 292.80M | 308.80M | 350.80M | 394.30M | 586.70M | 606.30M |
| Long-Term Deferred Charges | 500.00K | 5.00M | 5.90M | 6.70M | 7.00M | 4.50M |
| Other Long-Term Assets | 5.60M | 1.90M | 1.60M | 2.10M | 3.20M | 6.30M |
| Total Assets | 446.30M | 490.60M | 568.60M | 567.70M | 792.40M | 817.40M |
| Accounts Payable | 25.80M | 26.10M | 23.00M | 21.70M | 25.00M | 16.30M |
| Accrued Expenses | 8.50M | 14.00M | 17.20M | 19.30M | 41.30M | 32.70M |
| Current Portion of Long-Term Debt | 1.12B | 3.20M | ||||
| Current Portion of Leases | 1.50M | 1.50M | 1.70M | 1.00M | 2.20M | 2.20M |
| Current Income Taxes Payable | 2.30M | 2.90M | 4.10M | 300.00K | ||
| Current Unearned Revenue | 17.30M | 10.80M | 23.60M | 9.80M | 10.20M | 15.00M |
| Other Current Liabilities | 5.30M | 6.80M | 3.90M | 6.60M | 3.00M | 400.00K |
| Total Current Liabilities | 60.70M | 62.10M | 73.50M | 58.40M | 1.20B | 69.80M |
| Long-Term Debt | 12.00M | 12.00M | 10.00M | 10.00M | 1.09B | |
| Long-Term Leases | 8.40M | 9.30M | 12.50M | 5.00M | 18.00M | 20.40M |
| Other Long-Term Liabilities | 30.90M | 31.80M | 61.40M | 59.80M | 35.30M | 16.40M |
| Total Liabilities | 112.00M | 115.20M | 157.40M | 133.20M | 1.26B | 1.20B |
| Common Stock | 2.50M | 2.50M | 2.50M | 2.60M | 1.30M | 800.00K |
| Additional Paid-In Capital | 140.50M | 136.50M | 127.80M | 115.30M | ||
| Retained Earnings | 191.30M | 236.40M | 280.90M | 316.60M | -370.40M | -332.00M |
| Comprehensive Income & Other | -146.20M | -195.50M | ||||
| Total Common Equity | 334.30M | 375.40M | 411.20M | 434.50M | -515.30M | -526.70M |
| Minority Interest | 51.30M | 143.20M | ||||
| Shareholders' Equity | 334.30M | 375.40M | 411.20M | 434.50M | -464.00M | -383.50M |
| Total Liabilities & Equity | 446.30M | 490.60M | 568.60M | 567.70M | 792.40M | 817.40M |
| Total Debt | 21.90M | 22.80M | 24.20M | 16.00M | 1.14B | 1.12B |
| Net Cash (Debt) | 21.20M | 11.80M | 50.90M | 18.60M | -1.08B | -1.02B |
| Net Cash Per Share | 0.23 | 0.13 | 0.53 | 0.38 | -131.59 | -127.41 |
| Filing Date Shares Outstanding | 94.07M | 93.14M | 95.21M | 97.02M | 17.41M | 8.11M |
| Total Common Shares Outstanding | 94.00M | 93.35M | 95.76M | 96.84M | 12.84M | 8.06M |
| Working Capital | 50.90M | 76.00M | 104.40M | 85.40M | -1.04B | 88.60M |
| Book Value Per Share | 3.56 | 4.02 | 4.29 | 4.49 | -40.13 | -65.33 |
| Tangible Book Value | 40.90M | 66.10M | 60.40M | 40.20M | -1.10B | -1.13B |
| Tangible Book Value Per Share | 0.44 | 0.71 | 0.63 | 0.42 | -85.82 | -140.52 |
| Machinery | 22.10M | 17.00M | 15.40M | 63.80M | 76.90M | |
| Construction In Progress | 3.70M | 2.80M | 1.30M | 1.10M | 1.40M | |
| Leasehold Improvements | 2.00M | 1.40M | 700.00K | 2.90M | 2.90M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -7.80M | -10.60M | -22.30M | 705.20M | -28.70M | -48.70M |
| Depreciation & Amortization | 34.80M | 35.60M | 40.00M | 23.70M | 27.70M | 28.60M |
| Other Amortization | 2.70M | 2.70M | 3.20M | 5.20M | 12.70M | 10.90M |
| Loss (Gain) From Sale of Assets | -2.20M | |||||
| Asset Writedown & Restructuring Costs | 5.80M | 200.00K | ||||
| Loss (Gain) From Sale of Investments | -593.20M | |||||
| Loss (Gain) on Equity Investments | 600.00K | 600.00K | ||||
| Stock-Based Compensation | 7.70M | 9.30M | 12.20M | 4.50M | 7.10M | 8.10M |
| Provision & Write-off of Bad Debts | 1.00M | |||||
| Other Operating Activities | -13.80M | -5.10M | 5.30M | -163.10M | -38.70M | -75.50M |
| Change in Accounts Receivable | -2.80M | -8.90M | 10.60M | 36.30M | -40.00M | -36.80M |
| Change in Accounts Payable | 3.30M | -3.30M | -100.00K | -2.70M | 14.20M | 2.30M |
| Change in Unearned Revenue | -2.40M | -14.60M | 13.20M | -5.40M | -4.80M | 7.50M |
| Change in Other Net Operating Assets | 1.60M | 2.70M | -1.80M | -17.20M | -1.40M | 8.20M |
| Operating Cash Flow | 23.90M | 8.40M | 60.30M | -6.70M | -47.30M | -95.20M |
| Capital Expenditures | -4.20M | -5.60M | -5.80M | -3.30M | -2.90M | -5.70M |
| Sale of Property, Plant & Equipment | 2.20M | |||||
| Cash Acquisitions | -7.50M | -7.50M | 34.00M | |||
| Sale (Purchase) of Intangibles | -400.00K | |||||
| Investment in Securities | -1.70M | -2.00M | 200.00K | 600.00K | 300.00K | 300.00K |
| Other Investing Activities | -300.00K | -300.00K | -100.00K | 1.30M | ||
| Investing Cash Flow | -14.10M | -15.40M | -5.70M | 32.60M | -400.00K | -5.40M |
| Long-Term Debt Issued | 22.00M | 50.00M | 50.00M | |||
| Long-Term Debt Repaid | -20.00M | -800.00K | -23.00M | -2.30M | ||
| Net Debt Issued (Repaid) | 12.00M | 2.00M | -800.00K | 27.00M | 47.70M | |
| Repurchase of Common Stock | -4.00M | -22.00M | -13.10M | -200.00K | -2.00M | |
| Common Dividends Paid | -11.40M | -11.40M | -300.00K | -500.00K | -9.50M | -16.90M |
| Other Financing Activities | -600.00K | -2.10M | -700.00K | -50.80M | -7.00M | -7.30M |
| Financing Cash Flow | -4.00M | -33.50M | -14.10M | -52.10M | 10.30M | 21.50M |
| Net Cash Flow | 5.80M | -40.50M | 40.50M | -26.20M | -37.40M | -79.10M |
| Free Cash Flow | 19.70M | 2.80M | 54.50M | -10.00M | -50.20M | -100.90M |
| Free Cash Flow Margin | 7.91% | 1.15% | 22.63% | -6.05% | -20.14% | -88.05% |
| Free Cash Flow Per Share | 0.21 | 0.03 | 0.57 | -0.21 | -6.12 | -12.63 |
| Levered Free Cash Flow | 30.36M | 23.60M | 59.21M | -34.00M | -26.73M | -60.05M |
| Unlevered Free Cash Flow | 30.46M | 23.57M | 59.48M | -19.96M | 14.19M | -23.65M |
| Cash Interest Paid | 500.00K | 200.00K | 900.00K | 12.50M | 66.50M | 58.60M |
| Cash Income Tax Paid | 100.00K | 100.00K | -100.00K | |||
| Change in Working Capital | -300.00K | -24.10M | 21.90M | 11.00M | -32.00M | -18.80M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 149.10M | 365.00M | 639.73M | 418.11M | 19.50M | 221.50M |
| Enterprise Value | 127.90M | 348.10M | 613.93M | 417.31M | 1.20B | 1.38B |
| Last Close Price | 1.61 | 3.82 | 6.45 | 4.13 | 2.28 | 24.76 |
| PE Ratio | 0.59 | |||||
| Forward PE | 20.67 | 65.48 | 77.74 | 8.75 | 25.73 | 111.14 |
| PS Ratio | 0.61 | 1.50 | 2.66 | 2.53 | 0.08 | 1.93 |
| PB Ratio | 0.45 | 0.97 | 1.56 | 0.96 | -0.04 | -0.58 |
| P/TBV Ratio | 3.70 | 5.52 | 10.59 | 10.40 | ||
| P/FCF Ratio | 7.69 | 130.36 | 11.74 | |||
| P/OCF Ratio | 6.34 | 43.45 | 10.61 | |||
| PEG Ratio | 2.62 | 2.62 | 2.62 | 2.62 | 2.62 | |
| EV/Sales Ratio | 0.52 | 1.43 | 2.55 | 2.53 | 4.81 | 12.02 |
| EV/EBITDA Ratio | 6.12 | 13.49 | 25.80 | 29.36 | ||
| EV/EBIT Ratio | 91.43 | |||||
| EV/FCF Ratio | 6.61 | 124.32 | 11.27 | |||
| Debt / Equity Ratio | 0.07 | 0.06 | 0.06 | 0.04 | -2.46 | -2.92 |
| Debt / EBITDA Ratio | 0.93 | 0.81 | 0.92 | 160.00 | 25.53 | |
| Debt / FCF Ratio | 1.11 | 8.14 | 0.44 | |||
| Net Debt / Equity Ratio | -0.06 | -0.03 | -0.12 | -0.04 | -2.33 | -2.65 |
| Net Debt / EBITDA Ratio | -0.99 | -0.46 | -2.14 | 5.17 | 26.44 | -15.78 |
| Net Debt / FCF Ratio | -1.08 | -4.21 | -0.93 | 1.86 | -21.49 | -10.09 |
| Asset Turnover | 0.55 | 0.46 | 0.42 | 0.24 | 0.31 | 0.14 |
| Quick Ratio | 1.73 | 2.11 | 2.33 | 2.34 | 0.13 | 2.21 |
| Current Ratio | 1.84 | 2.22 | 2.42 | 2.46 | 0.14 | 2.27 |
| Return on Equity (ROE) | -2.28% | -2.70% | -5.27% | |||
| Return on Assets (ROA) | -1.86% | -1.16% | -1.78% | -2.51% | 1.02% | -5.02% |
| Return on Invested Capital (ROIC) | -4.28% | -2.71% | -4.17% | -1,050.00% | 7.78% | -8.64% |
| Return on Capital Employed (ROCE) | -3.50% | -2.30% | -3.30% | -5.40% | -3.20% | -9.10% |
| Earnings Yield | -5.26% | -2.90% | -3.49% | 168.66% | -147.18% | -21.99% |
| FCF Yield | 13.01% | 0.77% | 8.52% | -2.39% | -257.44% | -45.55% |
| Dividend Yield | 5.81% | 2.30% | 39.51% | 7.28% | ||
| Payout Ratio | 0.07% | |||||
| Buyback Yield / Dilution | 1.38% | 1.76% | -97.36% | -492.60% | -2.63% | -2.45% |
| Total Shareholder Return | 6.97% | 4.06% | -97.36% | -492.60% | 36.88% | 4.83% |