NYSE : MCS
The Marcus Corporation — Financial statements
Communication Services · Entertainment · United States
Last price 26.55 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 825.48M
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Financial statements
The Marcus Corporation (MCS) reported revenue of 774.38M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 670.20M | 617.20M | 597.86M | 606.74M | 561.20M | 374.14M |
| Other Revenue | 104.18M | 100.56M | 97.23M | 85.42M | 82.56M | 65.33M |
| Revenue | 774.38M | 717.76M | 695.09M | 692.15M | 643.76M | 439.47M |
| Cost of Revenue | 451.38M | 424.37M | 407.72M | 405.62M | 386.37M | 255.73M |
| Gross Profit | 323.00M | 293.38M | 287.36M | 286.54M | 257.39M | 183.74M |
| Selling, General & Admin | 149.36M | 145.73M | 141.14M | 129.30M | 127.04M | 107.53M |
| Other Operating Expenses | 59.07M | 57.61M | 56.60M | 56.65M | 55.82M | 42.29M |
| Operating Expenses | 278.66M | 273.53M | 265.70M | 253.26M | 249.93M | 221.94M |
| Operating Income | 44.34M | 19.85M | 21.66M | 33.28M | 7.46M | -38.20M |
| Interest Expense | -10.80M | -11.47M | -10.97M | -12.72M | -15.30M | -18.70M |
| Interest & Investment Income | 863.00K | 878.00K | 2.23M | 2.43M | 599.00K | |
| Earnings From Equity Investments | -770.00K | -611.00K | -604.00K | -149.00K | -143.00K | -92.00K |
| Other Non Operating Income (Expenses) | 212.00K | 179.00K | 201.00K | -85.00K | 1.31M | 3.17M |
| EBT Excluding Unusual Items | 33.85M | 8.83M | 12.52M | 22.75M | -6.67M | -53.23M |
| Merger & Restructuring Charges | -183.00K | |||||
| Gain (Loss) on Sale of Investments | -45.00K | |||||
| Gain (Loss) on Sale of Assets | -1.01M | 553.00K | -386.00K | -41.00K | 6.27M | |
| Asset Writedown | -5.17M | -5.17M | -6.82M | -1.06M | -1.52M | -5.77M |
| Other Unusual Items | -15.52M | |||||
| Pretax Income | 27.49M | 8.71M | -10.21M | 21.65M | -1.97M | -58.99M |
| Income Tax Expense | 2.29M | -3.98M | -2.42M | 6.86M | 7.14M | -15.70M |
| Earnings From Continuing Operations | 25.20M | 12.69M | -7.79M | 14.79M | -9.10M | -43.29M |
| Minority Interest in Earnings | -2.87M | |||||
| Net Income | 25.20M | 12.69M | -7.79M | 14.79M | -11.97M | -43.29M |
| Net Income to Common | 25.20M | 12.69M | -7.79M | 14.79M | -11.97M | -43.29M |
| Shares Outstanding (Basic) | 30.77M | 31.16M | 31.89M | 31.66M | 31.49M | 31.36M |
| Shares Outstanding (Diluted) | 31.05M | 31.28M | 31.89M | 40.99M | 31.49M | 31.36M |
| EPS (Basic) | 0.82 | 0.41 | -0.24 | 0.47 | -0.38 | -1.38 |
| EPS (Diluted) | 0.81 | 0.41 | -0.24 | 0.36 | -0.38 | -1.38 |
| Free Cash Flow | 76.94M | 989.00K | 24.73M | 63.85M | 56.37M | 29.17M |
| Free Cash Flow Per Share | 2.48 | 0.03 | 0.78 | 1.56 | 1.79 | 0.93 |
| Dividend Per Share | 0.33 | 0.30 | 0.28 | 0.24 | 0.10 | |
| Gross Margin | 41.71% | 40.88% | 41.34% | 41.40% | 39.98% | 41.81% |
| Operating Margin | 5.73% | 2.77% | 3.12% | 4.81% | 1.16% | -8.69% |
| Profit Margin | 3.26% | 1.77% | -1.12% | 2.14% | -1.86% | -9.85% |
| Free Cash Flow Margin | 9.93% | 0.14% | 3.56% | 9.23% | 8.76% | 6.64% |
| EBITDA | 114.57M | 90.04M | 89.62M | 100.58M | 74.53M | 33.93M |
| EBITDA Margin | 14.80% | 12.54% | 12.89% | 14.53% | 11.58% | 7.72% |
| D&A For EBITDA | 70.23M | 70.19M | 67.96M | 67.30M | 67.07M | 72.13M |
| EBIT | 44.34M | 19.85M | 21.66M | 33.28M | 7.46M | -38.20M |
| EBIT Margin | 5.73% | 2.77% | 3.12% | 4.81% | 1.16% | -8.69% |
| Effective Tax Rate | 8.31% | 31.67% | ||||
| Revenue as Reported | 817.40M | 758.46M | 735.56M | 729.58M | 677.39M | 458.24M |
| Advertising Expenses | 26.08M | 24.56M | 22.84M | 23.88M | 16.07M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 60.23M | 23.45M | 40.84M | 55.59M | 21.70M | 17.66M |
| Trading Asset Securities | 8.14M | 5.36M | 4.04M | 4.62M | ||
| Cash & Short-Term Investments | 60.23M | 23.45M | 48.98M | 60.95M | 25.74M | 22.27M |
| Accounts Receivable | 20.68M | 6.97M | 6.90M | 7.64M | 6.71M | 8.98M |
| Other Receivables | 12.12M | 14.56M | 12.07M | 14.75M | 46.69M | |
| Receivables | 20.68M | 19.08M | 21.46M | 19.70M | 21.45M | 55.67M |
| Inventory | 7.03M | 6.97M | 5.91M | 5.66M | 4.91M | |
| Restricted Cash | 4.82M | 3.13M | 3.74M | 4.25M | 2.80M | 6.40M |
| Other Current Assets | 18.46M | 11.88M | 11.00M | 10.90M | 8.23M | 10.69M |
| Total Current Assets | 104.19M | 64.58M | 92.15M | 101.72M | 63.90M | 99.95M |
| Property, Plant & Equipment | 815.53M | 839.83M | 844.93M | 862.05M | 910.73M | 988.26M |
| Long-Term Investments | 3.89M | 4.49M | 5.17M | 1.72M | 2.07M | 2.33M |
| Goodwill | 75.00M | 75.00M | 75.00M | 75.00M | 75.02M | 75.09M |
| Other Intangible Assets | 6.79M | 6.90M | 6.90M | 6.95M | 6.99M | |
| Long-Term Deferred Tax Assets | 666.00K | 6.45M | 3.96M | 10.03M | ||
| Other Long-Term Assets | 24.38M | 17.41M | 16.43M | 17.72M | 5.95M | 5.70M |
| Total Assets | 1.02B | 1.01B | 1.04B | 1.07B | 1.06B | 1.19B |
| Accounts Payable | 30.04M | 44.52M | 50.69M | 37.38M | 32.19M | 35.78M |
| Accrued Expenses | 103.96M | 93.16M | 97.50M | 98.87M | 96.73M | 99.72M |
| Short-Term Debt | 47.35M | |||||
| Current Portion of Long-Term Debt | 10.13M | 10.30M | 10.43M | 10.97M | ||
| Current Portion of Leases | 19.66M | 19.05M | 18.36M | 17.87M | 17.04M | 19.36M |
| Current Income Taxes Payable | 794.00K | |||||
| Current Unearned Revenue | 1.67M | 6.72M | ||||
| Total Current Liabilities | 156.13M | 163.44M | 176.68M | 164.42M | 156.40M | 213.17M |
| Long-Term Debt | 149.17M | 159.01M | 149.01M | 159.55M | 170.00M | 204.87M |
| Long-Term Leases | 151.67M | 157.43M | 175.14M | 191.34M | 210.29M | 233.26M |
| Pension & Post-Retirement Benefits | 32.61M | 32.67M | 34.29M | -34.43M | 45.15M | |
| Long-Term Deferred Tax Liabilities | 38.23M | 30.91M | 32.62M | 32.23M | 26.57M | 26.18M |
| Other Long-Term Liabilities | 48.04M | 13.77M | 13.55M | 12.10M | 78.85M | 12.12M |
| Total Liabilities | 543.24M | 557.15M | 579.66M | 593.93M | 607.68M | 734.75M |
| Common Stock | 32.35M | 32.35M | 32.22M | 31.77M | 31.61M | 31.48M |
| Additional Paid-In Capital | 188.88M | 184.00M | 177.17M | 160.64M | 153.79M | 145.66M |
| Retained Earnings | 280.25M | 268.56M | 265.03M | 281.60M | 274.25M | 289.31M |
| Treasury Stock | -21.04M | -27.53M | -9.38M | -1.50M | -1.87M | -1.38M |
| Comprehensive Income & Other | -21.00K | -12.00K | -181.00K | -1.34M | -1.69M | -11.44M |
| Total Common Equity | 480.42M | 457.38M | 464.87M | 471.17M | 456.10M | 453.61M |
| Minority Interest | 824.00K | |||||
| Shareholders' Equity | 480.42M | 457.38M | 464.87M | 471.17M | 456.92M | 453.61M |
| Total Liabilities & Equity | 1.02B | 1.01B | 1.04B | 1.07B | 1.06B | 1.19B |
| Total Debt | 320.50M | 335.48M | 352.63M | 379.06M | 407.77M | 515.79M |
| Net Cash (Debt) | -260.28M | -312.03M | -303.65M | -318.10M | -382.03M | -493.52M |
| Net Cash Per Share | -8.38 | -9.98 | -9.52 | -7.76 | -12.13 | -15.74 |
| Filing Date Shares Outstanding | 31.09M | 30.78M | 31.75M | 31.72M | 31.53M | 31.43M |
| Total Common Shares Outstanding | 31.09M | 30.64M | 31.62M | 31.72M | 31.53M | 31.43M |
| Working Capital | -51.94M | -98.86M | -84.53M | -62.71M | -92.50M | -113.22M |
| Book Value Per Share | 15.45 | 14.93 | 14.70 | 14.85 | 14.47 | 14.43 |
| Tangible Book Value | 405.42M | 375.60M | 382.97M | 389.27M | 374.14M | 371.53M |
| Tangible Book Value Per Share | 13.04 | 12.26 | 12.11 | 12.27 | 11.87 | 11.82 |
| Land | 148.57M | 142.06M | 129.99M | 131.83M | 132.28M | 129.64M |
| Buildings | 754.28M | 744.86M | 736.41M | 719.52M | 729.18M | 756.97M |
| Machinery | 459.26M | 448.20M | 424.81M | 397.15M | 386.20M | 375.65M |
| Construction In Progress | 9.28M | 15.38M | 15.59M | 11.43M | 10.30M | 6.00M |
| Leasehold Improvements | 167.61M | 165.65M | 166.15M | 166.25M | 167.52M | 166.06M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 25.20M | 12.69M | -7.79M | 14.79M | -11.97M | -43.29M |
| Depreciation & Amortization | 70.23M | 70.19M | 67.96M | 67.30M | 67.07M | 72.13M |
| Other Amortization | 560.00K | 604.00K | 1.08M | 1.47M | 1.61M | 2.20M |
| Loss (Gain) From Sale of Assets | 1.01M | -553.00K | 386.00K | 41.00K | -7.34M | -3.16M |
| Asset Writedown & Restructuring Costs | 5.36M | 5.17M | 6.82M | 1.06M | 1.52M | 5.77M |
| Loss (Gain) on Equity Investments | 771.00K | 680.00K | 672.00K | 349.00K | 268.00K | 92.00K |
| Stock-Based Compensation | 8.29M | 7.50M | 8.21M | 7.65M | 9.13M | 10.33M |
| Other Operating Activities | 1.35M | -8.30M | 13.39M | 5.47M | 9.69M | -14.15M |
| Change in Accounts Receivable | 1.12M | 2.47M | -1.75M | 1.89M | 6.84M | -22.05M |
| Change in Accounts Payable | -2.07M | -3.46M | 10.43M | 4.23M | -3.26M | 21.50M |
| Change in Income Taxes | 679.00K | 37.00K | 131.00K | -480.00K | 22.72M | 8.51M |
| Change in Other Net Operating Assets | 13.49M | -2.83M | 4.40M | -1.15M | -3.07M | 8.40M |
| Operating Cash Flow | 125.99M | 84.20M | 103.94M | 102.63M | 93.21M | 46.25M |
| Capital Expenditures | -49.05M | -83.21M | -79.21M | -38.77M | -36.84M | -17.08M |
| Sale of Property, Plant & Equipment | 110.00K | 859.00K | 3.12M | 4.23M | 35.95M | 22.14M |
| Investment in Securities | 8.19M | -6.19M | -799.00K | -122.00K | -5.13M | |
| Other Investing Activities | 849.00K | 2.79M | 382.00K | -1.41M | 668.00K | 10.95M |
| Investing Cash Flow | -48.09M | -71.37M | -81.90M | -36.75M | -346.00K | 10.88M |
| Short-Term Debt Issued | 100.00M | 178.50M | ||||
| Long-Term Debt Issued | 213.00M | 219.00M | 38.00M | 6.70M | ||
| Total Debt Issued | 139.00M | 213.00M | 219.00M | 38.00M | 100.00M | 185.20M |
| Short-Term Debt Repaid | -147.50M | -218.85M | ||||
| Long-Term Debt Repaid | -216.13M | -256.37M | -58.66M | -38.41M | -13.49M | |
| Total Debt Repaid | -154.89M | -216.13M | -256.37M | -58.66M | -185.91M | -232.34M |
| Net Debt Issued (Repaid) | -15.89M | -3.13M | -37.37M | -20.66M | -85.91M | -47.14M |
| Issuance of Common Stock | 7.45M | 15.00K | 1.67M | 222.00K | 126.00K | 594.00K |
| Repurchase of Common Stock | -4.93M | -18.55M | -9.99M | -503.00K | -1.47M | -417.00K |
| Common Dividends Paid | -9.96M | -9.16M | -8.78M | -7.45M | -3.08M | |
| Other Financing Activities | 17.16M | -2.16M | -2.08M | -208.00K | ||
| Financing Cash Flow | -23.33M | -30.82M | -37.30M | -30.55M | -92.41M | -47.17M |
| Net Cash Flow | 54.57M | -18.00M | -15.26M | 35.33M | 452.00K | 9.97M |
| Free Cash Flow | 76.94M | 989.00K | 24.73M | 63.85M | 56.37M | 29.17M |
| Free Cash Flow Margin | 9.93% | 0.14% | 3.56% | 9.23% | 8.76% | 6.64% |
| Free Cash Flow Per Share | 2.48 | 0.03 | 0.78 | 1.56 | 1.79 | 0.93 |
| Levered Free Cash Flow | 61.65M | -1.43M | 14.25M | 55.22M | 69.01M | 52.34M |
| Unlevered Free Cash Flow | 67.83M | 5.13M | 20.03M | 61.70M | 76.96M | 61.83M |
| Cash Interest Paid | 10.02M | 10.72M | 8.68M | 9.74M | 13.44M | 14.12M |
| Cash Income Tax Paid | 606.00K | 244.00K | 1.43M | 1.78M | -21.93M | -8.32M |
| Change in Working Capital | 13.22M | -3.79M | 13.21M | 4.50M | 23.23M | 16.35M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 825.48M | 476.37M | 683.16M | 465.61M | 448.99M | 563.98M |
| Enterprise Value | 1.09B | 811.55M | 1.02B | 808.50M | 895.93M | 1.11B |
| Last Close Price | 26.55 | 15.32 | 21.06 | 13.98 | 13.35 | 16.71 |
| PE Ratio | 32.71 | 37.54 | 31.47 | |||
| Forward PE | 34.71 | 25.29 | 49.32 | 71.66 | 27.67 | 88.08 |
| PS Ratio | 1.07 | 0.66 | 0.98 | 0.67 | 0.70 | 1.28 |
| PB Ratio | 1.72 | 1.04 | 1.47 | 0.99 | 0.98 | 1.24 |
| P/TBV Ratio | 2.04 | 1.27 | 1.78 | 1.20 | 1.20 | 1.52 |
| P/FCF Ratio | 10.73 | 481.67 | 27.62 | 7.29 | 7.97 | 19.34 |
| P/OCF Ratio | 6.55 | 5.66 | 6.57 | 4.54 | 4.82 | 12.19 |
| PEG Ratio | 2.66 | 3.29 | 4.78 | 1.84 | 0.39 | |
| EV/Sales Ratio | 1.40 | 1.13 | 1.46 | 1.17 | 1.39 | 2.52 |
| EV/EBITDA Ratio | 9.48 | 9.01 | 11.33 | 8.04 | 12.02 | 32.65 |
| EV/EBIT Ratio | 24.49 | 40.88 | 46.88 | 24.29 | 120.07 | |
| EV/FCF Ratio | 14.11 | 820.58 | 41.07 | 12.66 | 15.89 | 37.98 |
| Debt / Equity Ratio | 0.67 | 0.73 | 0.76 | 0.80 | 0.89 | 1.14 |
| Debt / EBITDA Ratio | 2.29 | 2.91 | 3.05 | 2.99 | 4.05 | 8.67 |
| Debt / FCF Ratio | 4.17 | 339.21 | 14.26 | 5.94 | 7.23 | 17.68 |
| Net Debt / Equity Ratio | 0.54 | 0.68 | 0.65 | 0.68 | 0.84 | 1.09 |
| Net Debt / EBITDA Ratio | 2.27 | 3.46 | 3.39 | 3.16 | 5.12 | 14.55 |
| Net Debt / FCF Ratio | 3.38 | 315.50 | 12.28 | 4.98 | 6.78 | 16.92 |
| Asset Turnover | 0.76 | 0.70 | 0.66 | 0.65 | 0.57 | 0.36 |
| Inventory Turnover | 60.63 | 63.29 | 70.08 | 73.07 | 61.27 | |
| Quick Ratio | 0.52 | 0.26 | 0.40 | 0.49 | 0.30 | 0.37 |
| Current Ratio | 0.67 | 0.40 | 0.52 | 0.62 | 0.41 | 0.47 |
| Return on Equity (ROE) | 5.39% | 2.75% | -1.66% | 3.19% | -2.00% | -9.09% |
| Return on Assets (ROA) | 2.73% | 1.21% | 1.28% | 1.95% | 0.41% | -1.96% |
| Return on Invested Capital (ROIC) | 5.45% | 2.58% | 2.78% | 2.79% | 0.84% | -3.82% |
| Return on Capital Employed (ROCE) | 5.10% | 2.30% | 2.50% | 3.70% | 0.80% | -3.90% |
| Earnings Yield | 3.06% | 2.66% | -1.14% | 3.18% | -2.67% | -7.68% |
| FCF Yield | 9.32% | 0.21% | 3.62% | 13.71% | 12.55% | 5.17% |
| Dividend Yield | 1.36% | 1.93% | 1.30% | 1.64% | 0.70% | |
| Payout Ratio | 44.35% | 72.16% | 50.35% | |||
| Buyback Yield / Dilution | 1.34% | 1.91% | 22.21% | -30.17% | -0.41% | -1.02% |
| Total Shareholder Return | 2.70% | 3.84% | 23.50% | -28.54% | 0.29% | -1.02% |