The Marcus Corporation (MCS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 27	$0.35	$0.51	+45.7%	—	—	—
Q1 27	-$0.54	-$0.51	+5.6%	—	—	—
Q4 26	$0.14	$0.19	+35.7%	—	—	—
Q3 26	$0.43	$0.52	+20.9%	—	—	—
Q2 26	$0.19	$0.23	+21.1%	—	—	—
Q1 26	-$0.52	-$0.54	-3.8%	—	—	—
Q4 25	$0.11	$0.03	-72.7%	—	—	—
Q3 25	$0.43	$0.76	+76.7%	—	—	—
Q2 25	$0.03	-$0.17	-666.7%	—	—	—
Q1 25	-$0.39	-$0.38	+2.6%	—	—	—
Q4 24	-$0.17	-$0.05	+70.6%	—	—	—
Q3 24	$0.34	$0.31	-8.8%	—	—	—
Q2 24	$0.29	$0.35	+20.7%	—	—	—
Q1 24	-$0.25	-$0.31	-24.0%	—	—	—
Q4 23	-$0.17	-$0.45	-164.7%	—	—	—
Q3 23	$0.07	$0.1	+42.9%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.42	—	—	$758.5M	—
FY24	—	-$0.25	—	—	$735.6M	—
FY23	—	$0.47	—	—	$729.6M	—
FY22	—	-$0.38	—	—	$677.4M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$574.3M	$653.6M	$707.1M	$820.9M	$237.7M	$458.2M	$677.4M	$729.6M	$735.6M	$758.5M
YoY change	—	+13.8%	+8.2%	+16.1%	-71%	+92.8%	+47.8%	+7.7%	+0.82%	+3.11%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	574.3M	653.6M	707.1M	820.9M	237.7M	458.2M	677.4M	729.6M	735.6M	758.5M
Cost of revenue	288.9M	340.6M	365.2M	454.2M	169.3M	255.7M	386.4M	405.6M	448.2M	465.1M
Gross profit	285.4M	313M	341.9M	366.6M	68.3M	202.5M	291M	324M	287.4M	293.4M
Gross margin	49.7%	47.9%	48.4%	44.7%	28.8%	44.2%	43%	44.4%	39.1%	38.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	92.1M	102.8M	107.2M	124.2M	89M	105M	124.7M	127.6M	139.4M	143.9M
Operating expenses	155.9M	165.1M	178M	202.4M	123.5M	147.6M	196.2M	203.8M	181.7M	185.3M
Operating income	71.5M	77.3M	83.2M	70.1M	-153.7M	-35.7M	9.8M	35M	23M	21.7M
Operating margin	12.4%	11.8%	11.8%	8.54%	-64.7%	-7.79%	1.45%	4.8%	3.13%	2.86%
Non-operating income, net	-1.8M	2.9M	-3.5M	-3.8M	-25.8M	-4.6M	3.5M	-616K	-22.2M	-1.5M
Pretax income	60.5M	68.1M	66.6M	54.4M	-195.8M	-59M	-2M	21.6M	-10.2M	8.7M
Income tax	23M	3.6M	13.1M	12.3M	-70.9M	-15.7M	7.1M	6.9M	-2.4M	-4M
Net income	37.5M	64.5M	53.5M	42.1M	-124.9M	-43.3M	-9.1M	14.8M	-7.8M	12.7M
Net margin	6.54%	9.87%	7.56%	5.13%	-52.5%	-9.45%	-1.34%	2.03%	-1.06%	1.67%
EBITDA	112.4M	127.7M	142.5M	140.1M	-81.2M	37M	75.7M	100.3M	88.8M	94.1M
EPS	1.37	2.33	1.88	1.36	-4.02	-1.38	-0.38	0.47	-0.25	0.42
Diluted EPS	1.36	2.29	1.86	1.35	-4.13	-1.42	-0.39	0.46	-0.25	0.41

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	208.8M	161.5M	138.5M	176M	232.7M	188.3M	148.8M	206M	210.2M	193.5M	154.4M	231.7M
Cost of revenue	110.3M	91.3M	83.1M	107.6M	131.3M	117M	101.5M	124.6M	120.3M	118.6M	103.7M	136.2M
Gross profit	98.4M	70.2M	55.4M	68.4M	101.4M	71.3M	47.3M	81.4M	89.8M	74.9M	50.7M	95.5M
Gross margin	47.1%	43.5%	40%	38.9%	43.6%	37.9%	31.8%	39.5%	42.8%	38.7%	32.9%	41.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	32.5M	32M	33M	35.6M	36.5M	34.3M	36.2M	36M	36.4M	35.4M	37.2M	36.8M
Operating expenses	52.7M	48.5M	52.1M	45.4M	46.8M	46.7M	46.8M	46.3M	46.5M	45.7M	47.8M	46.9M
Operating income	21.9M	1.5M	-16.6M	2.7M	32.9M	4.1M	-21.8M	13.2M	22.7M	7.6M	-19.2M	27.2M
Operating margin	10.5%	0.96%	-12%	1.51%	14.1%	2.16%	-14.6%	6.4%	10.8%	3.93%	-12.4%	11.7%
Non-operating income, net	-883K	486K	-59K	-14.6M	-1.1M	-6.5M	425K	-140K	4.3M	-6.1M	-1.2M	-455K
Pretax income	18.1M	-1.7M	-19.2M	-14.5M	28.7M	-5.2M	-24.2M	10.1M	24.2M	-1.4M	-23M	24M
Income tax	5.9M	-277K	-7.4M	5.7M	5.4M	-6.2M	-7.4M	2.7M	8M	-7.3M	-7.6M	8.1M
Net income	12.2M	-1.4M	-11.9M	-20.2M	23.3M	986K	-16.8M	7.3M	16.2M	6M	-15.4M	15.8M
Net margin	5.86%	-0.89%	-8.56%	-11.5%	10%	0.52%	-11.3%	3.55%	7.72%	3.08%	-9.94%	6.84%
EBITDA	40.6M	17.3M	-1.4M	18.9M	49.8M	21.5M	-5M	30.4M	43.7M	24.9M	-2.5M	44.1M
EPS	0.39	-0.05	-0.38	-0.64	0.74	0.03	-0.54	0.23	0.53	0.19	-0.5	0.51
Diluted EPS	0.32	-0.05	-0.38	-0.64	0.73	0.03	-0.54	0.23	0.52	0.19	-0.51	0.51

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	871.7M	761.8M	1.1B	983.2M	418.8M	561.3M	453.7M	462.5M	679.8M	483.3M	884.9M
Enterprise value	1.2B	1.1B	1.4B	1.4B	974.1M	1.1B	835.9M	780.6M	983.4M	795.3M	1.2B
Shares outstanding	27.7M	27.9M	28.4M	30.9M	31.1M	31.4M	31.5M	31.7M	31.6M	31.2M	31.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	23.2	11.8	20.9	23.3	—	—	—	31.3	—	38.1	38.9
P/S	1.52	1.17	1.58	1.2	1.76	1.22	0.67	0.63	0.92	0.64	1.19
P/B	2.23	1.71	2.28	1.58	0.84	1.24	0.99	0.98	1.46	1.06	1.94
EV/EBITDA	10.5	8.45	9.58	10.3	-12	28.5	11	7.78	11.1	8.45	10.9
EV/Sales	2.06	1.65	1.93	1.76	4.1	2.3	1.23	1.07	1.34	1.05	1.55
Earnings yield	4.31%	8.46%	4.77%	4.28%	—	—	—	3.2%	—	2.63%	2.57%
FCF yield	-0.11%	-0.76%	7.03%	7.87%	-21.5%	5.2%	12.4%	13.8%	3.64%	0.2%	5.99%
PEG	—	—	—	—	—	—	—	—	—	—	0.32

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49.7%	47.9%	48.4%	44.7%	28.8%	44.2%	43%	44.4%	39.1%	38.7%	41.2%
Operating margin	12.4%	11.8%	11.8%	8.54%	-64.7%	-7.79%	1.45%	4.8%	3.13%	2.86%	12.1%
Net margin	6.54%	9.87%	7.56%	5.13%	-52.5%	-9.45%	-1.34%	2.03%	-1.06%	1.67%	3.03%
ROE	9.58%	14.5%	10.9%	6.78%	-25%	-9.54%	-1.99%	3.14%	-1.68%	2.77%	5.01%
ROA	4.12%	6.34%	5.4%	3.1%	-9.96%	-3.64%	-0.86%	1.39%	-0.75%	1.25%	2.26%
ROIC	6.29%	9.6%	9.09%	5.02%	-14.6%	-3.77%	1.17%	3.03%	2.99%	2.82%	4.86%
Return on tangible assets	4.69%	7.08%	6.05%	3.54%	-11.5%	-4.23%	-1.01%	1.64%	-0.88%	1.49%	2.67%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.28	0.48	0.46	0.45	0.31	0.47	0.41	0.62	0.57	0.45	0.43
Quick ratio	0.24	0.46	0.43	0.42	0.3	0.45	0.37	0.58	0.53	0.41	0.44
Debt / equity	0.81	0.76	0.54	0.78	1.13	1.14	0.89	0.8	0.76	0.73	0.7
Debt / assets	0.35	0.33	0.27	0.36	0.45	0.43	0.38	0.36	0.34	0.33	0.32
Net debt / EBITDA	2.78	2.49	1.72	3.27	-6.84	13.3	5.05	3.17	3.42	3.32	2.66
Interest coverage	7.6	6.63	6.09	5.62	-11	-2.15	0.87	2.7	0.07	1.76	3.16
Effective tax rate	38%	5.32%	19.7%	22.6%	0%	0%	0%	31.7%	0%	0%	4.77%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	20.8	23.5	24.9	26.5	7.65	14.6	21.5	23	23.3	24.3	24.3
EPS (basic)	1.37	2.33	1.88	1.36	-4.02	-1.38	-0.38	0.47	-0.25	0.42	0.42
EPS (diluted)	1.36	2.29	1.86	1.35	-4.13	-1.42	-0.39	0.46	-0.25	0.41	0.74
Book value per share	14.2	16	17.3	20.1	16.1	14.4	14.5	14.9	14.7	14.7	14.8
FCF per share	-0.03	-0.21	2.78	2.5	-2.89	0.93	1.79	2.01	0.78	0.03	2.15
Cash per share	0.12	0.73	0.79	0.86	0.26	0.71	0.81	1.92	1.55	0.75	0.85
Capex per share	0.06	0.16	0	0	0.14	0.7	0.15	0.13	0.1	2.67	1.93

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0.27%	0.69%	0.02%	0%	1.89%	4.83%	0.72%	0.58%	0.42%	11%	7.59%
Capex / operating cash flow	1.97%	4.4%	0.09%	0.02%	-5.53%	60%	4.71%	4.25%	3.12%	98.8%	47.3%
Payout ratio	32.1%	20.9%	30.7%	45.9%	-4.12%	0%	-33.8%	50.4%	-112.8%	72.2%	43.2%
Dividend yield	1.38%	1.77%	1.47%	1.96%	1.23%	0%	0.68%	1.61%	1.29%	1.9%	1.25%

Yield

1.25%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.09

ex-dividend Aug 25, 2026

Payout ratio

43%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 25, 2026	$0.09
Jun 1, 2026	$0.08
Feb 25, 2026	$0.08

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$208.8M	$161.5M	$138.5M	$176M	$232.7M	$188.3M	$148.8M	$206M	$210.2M	$193.5M	$154.4M	$231.7M
YoY change	+13.7%	-0.87%	-9.02%	-15%	+11.4%	+16.6%	+7.38%	+17%	-9.68%	+2.75%	+3.79%	+12.5%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	3.2M	20.3M	22.4M	26.7M	8.2M	22.3M	25.6M	61M	49M	23.4M
Receivables	6.3M	11.2M	8.5M	9.3M	405K	9M	6.7M	7.6M	6.9M	7M
Inventory	4.4M	4.1M	4.1M	5.7M	3.4M	4.9M	5.7M	5.9M	7M	7M
Total current assets	36.1M	76.7M	68.9M	79.3M	67.8M	99.9M	63.9M	101.7M	100.9M	73.7M
Property, plant & equipment	89.4M	100.9M	94.2M	405.6M	318.6M	231.3M	181.6M	142.5M	108.5M	95M
Goodwill & intangibles	111.4M	107.4M	105.8M	170.7M	165M	164.2M	163.9M	163.8M	163.8M	163.6M
Total assets	911.3M	1B	989.3M	1.4B	1.3B	1.2B	1.1B	1.1B	1B	1B
Accounts payable	31.2M	51.5M	37.5M	49.4M	13.2M	35.8M	32.2M	37.4M	50.7M	44.5M
Short-term debt	18.6M	19.6M	15.9M	25.8M	120.1M	77.7M	27.5M	28.2M	28.5M	19M
Total current liabilities	130.7M	159.7M	149.3M	175M	217.4M	213.2M	156.4M	164.4M	176.7M	163.4M
Long-term debt	297.4M	318.1M	251.1M	459.3M	443.3M	437.4M	380.3M	350.9M	324.1M	316.4M
Total liabilities	519.6M	572.7M	499.2M	737.7M	755.5M	734.7M	607.7M	593.9M	579.7M	557.2M
Shareholders' equity	391.6M	445.1M	490.1M	621.5M	498.7M	453.6M	456.9M	471.2M	464.9M	457.4M
Total debt	316.1M	337.7M	266.9M	485.2M	563.5M	515.1M	407.8M	379.1M	352.6M	335.5M
Net debt	312.8M	321.4M	249.8M	464.3M	556.7M	497.4M	386.1M	323.5M	311.8M	312M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	36M	61M	17.3M	32.8M	28.4M	49M	11.9M	14.9M	7.4M	23.4M	11.2M	26.3M
Receivables	21.4M	7.6M	13.4M	28M	28.3M	6.9M	18.3M	22.7M	21.7M	7M	16.6M	19.8M
Inventory	—	5.9M	—	—	—	7M	—	—	—	7M	—	—
Total current assets	86.1M	101.7M	61.5M	90.7M	87.7M	100.9M	59.8M	61M	50.7M	73.7M	50.4M	71.7M
Property, plant & equipment	146.8M	142.5M	135.4M	125.1M	121.4M	108.5M	112.2M	108.3M	100.3M	95M	83.8M	69.1M
Goodwill & intangibles	150M	163.8M	150M	150M	150M	163.8M	150M	150M	150M	163.6M	150M	150M
Total assets	1.1B	1.1B	1B	1.1B	1B	1B	1B	1B	1B	1B	992.1M	999.5M
Accounts payable	29.4M	37.4M	29.6M	47.8M	39.3M	50.7M	25.9M	36.7M	34.1M	44.5M	31.7M	43M
Short-term debt	28M	28.2M	26.9M	27.4M	27.3M	28.5M	28.3M	28.6M	19M	19M	18.9M	19M
Total current liabilities	146.7M	164.4M	141.9M	179.2M	161.5M	176.7M	142.8M	156.5M	144.2M	163.4M	145.2M	164.7M
Long-term debt	355.9M	350.9M	344.6M	347.1M	341M	324.1M	360.1M	336.4M	323.5M	316.4M	331M	301M
Total liabilities	581M	593.9M	558.8M	602.7M	584.7M	579.7M	576.2M	567.9M	550M	557.2M	550.9M	542.7M
Shareholders' equity	472.9M	471.2M	459.3M	449.4M	462.3M	464.9M	441.8M	448.4M	454.3M	457.4M	441.2M	456.9M
Total debt	383.9M	379.1M	371.6M	374.5M	368.3M	352.6M	388.4M	365.1M	342.6M	335.5M	349.9M	320M
Net debt	347.9M	323.5M	354.3M	341.7M	339.9M	311.8M	376.6M	350.2M	335.2M	312M	338.7M	293.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	37.5M	64.5M	53.5M	42.1M	-124.9M	-43.3M	-9.1M	14.8M	-7.8M	12.7M
Depreciation & amortization	42.2M	52.1M	61.7M	72.3M	75.1M	72.1M	67.1M	67.3M	68M	70.2M
Stock-based compensation	1.9M	2.4M	2.7M	3.5M	4.4M	9.3M	8.2M	6.4M	8.2M	7.5M
Change in working capital	-6.7M	-11M	6.7M	2.6M	-3.4M	9.7M	27.4M	2.9M	17.1M	-7.8M
Operating cash flow	79.1M	102.8M	132.5M	132.1M	-81.1M	36.9M	102.9M	99.6M	99.9M	84.2M
Capital expenditure	1.6M	4.5M	116K	22K	4.5M	22.1M	4.8M	4.2M	3.1M	-83.2M
Investing cash flow	-57.5M	13.6M	-607K	-29.9M	9.3M	28M	36.5M	2M	-2.7M	-72.2M
Dividends paid	-12M	-13.5M	-16.4M	-19.3M	-5.1M	0	-3.1M	-7.4M	-8.8M	-9.2M
Share repurchases	—	—	—	—	—	—	—	—	—	—
Financing cash flow	154.6M	-7.6M	-81.5M	-44.7M	66.3M	-87.7M	-138.6M	-30.3M	-29M	-12.3M
Net change in cash	176.2M	108.8M	50.5M	57.6M	-5.5M	-22.8M	869K	71.3M	68.2M	-324K
Free cash flow	-951K	-5.8M	78.7M	77.4M	-89.9M	29.2M	56.4M	63.9M	24.7M	989K

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	12.2M	-1.4M	-11.9M	-20.2M	23.3M	986K	-16.8M	7.3M	16.2M	6M	-15.4M	15.8M
Depreciation & amortization	19.2M	16.3M	16M	16.7M	17.3M	18M	17.8M	17.6M	16.8M	17.9M	17.8M	17.4M
Stock-based compensation	1.3M	1.4M	2.5M	2.4M	2.2M	1M	3.5M	1.4M	1.2M	1.3M	3.8M	1.6M
Change in working capital	-13.9M	10.1M	-15.1M	21.1M	-13.3M	24.4M	-35.3M	13.7M	-582K	14.3M	-21.9M	16.5M
Operating cash flow	25.7M	24.7M	-14.7M	39.4M	36.4M	38.8M	-38M	31.6M	39.1M	48.8M	-15.2M	54M
Capital expenditure	21K	4.2M	8K	63K	80K	3M	204K	-16.9M	-20.9M	-22.4M	-6.6M	-10M
Investing cash flow	-300K	3.1M	-5.3M	-39K	730K	1.9M	226K	-8.8M	-15.8M	-24.7M	-6.6M	-10M
Dividends paid	-2.2M	-2.2M	-2.2M	-2.2M	-2.2M	-2.2M	-2.2M	-2.1M	-2.4M	-2.4M	-2.4M	-2.4M
Share repurchases	—	—	—	—	—	—	—	—	—	—	—	—
Financing cash flow	-19.9M	-4.4M	-3.1M	-4.6M	-7.8M	-19.1M	36.9M	-21.9M	-21.1M	-6.1M	11.9M	-28.1M
Net change in cash	5.5M	23.4M	-23.2M	34.7M	29.3M	21.6M	-910K	950K	2.2M	18M	-10M	15.8M
Free cash flow	11.4M	21M	-30.5M	16.1M	12M	27.1M	-58.3M	14.7M	18.2M	26.4M	-21.9M	44M

Date	Ratio
Dec 8, 1997	3:2
Nov 15, 1995	3:2
Nov 9, 1992	3:2
May 4, 1987	3:2

The Marcus Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history