What is Marcus' operating income?

Marcus' total operating income in 2025 was $17.06 million, based on the following breakdown: Total Gross Profit: $334.09 million Total Operating Expenses: $317.02 million

Marcus (MCS) Financials

$24.62 +1.20 (+5.12%)

Closing price 04:00 PM Eastern

Extended Trading

$24.62 -0.01 (-0.02%)

As of 04:48 PM Eastern

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Annual Income Statements for Marcus

This table shows Marcus' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/28/2015	12/29/2016	12/28/2017	12/27/2018	12/26/2019	12/31/2020	12/30/2021	12/29/2022	12/28/2023	12/26/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	24	38	65	53	42	-125	-43	-12	15	-7.79	13
Consolidated Net Income / (Loss)	24	38	64	53	42	-125	-43	-9.10	15	-7.79	13
Net Income / (Loss) Continuing Operations	24	38	64	53	42	-125	-43	-9.10	15	-7.79	13
Total Pre-Tax Income	39	61	68	67	54	-196	-59	-1.97	22	-10	8.71
Total Operating Income	51	71	77	83	68	-178	-41	8.31	34	16	17
Total Gross Profit	390	285	301	331	341	68	203	291	324	328	334
Total Revenue	488	574	654	707	821	238	458	677	730	736	758
Operating Revenue	433	574	654	707	821	238	458	677	730	736	758
Total Cost of Revenue	98	289	352	376	480	169	256	386	406	408	424
Operating Cost of Revenue	98	289	352	376	480	169	256	386	406	408	424
Total Operating Expenses	340	214	224	247	272	247	244	283	290	312	317
Selling, General & Admin Expense	88	95	98	109	115	68	87	113	117	131	134
Marketing Expense	25	22	24	24	25	11	16	24	23	25	26
Depreciation Expense	38	42	52	61	72	75	72	67	67	68	70
Other Operating Expenses / (Income)	186	55	50	54	59	68	63	78	81	81	82
Impairment Charge	2.92	-	0.00	0.00	1.87	25	5.77	1.53	1.06	6.82	5.17
Other Special Charges / (Income)	-	-	-	-	-	-	-	-	0.04	0.39	-0.55
Total Other Income / (Expense), net	-11	-11	-9.20	-17	-14	-17	-18	-10	-12	-26	-8.36
Interest Expense	9.93	9.18	12	13	12	16	19	15	13	11	11
Interest & Investment Income	0.07	0.60	0.63	-0.19	1.11	-0.98	0.51	-0.19	2.28	1.63	0.27
Other Income / (Expense), net	-1.46	-2.36	2.27	-3.33	-3.07	-0.13	0.65	5.21	-1.83	-17	2.85
Income Tax Expense	16	23	3.63	13	12	-71	-16	7.14	6.86	-2.42	-3.98
Basic Earnings per Share	-	$0.00	$4.59	$3.71	$2.69	($7.87)	($2.67)	($0.74)	$0.91	($0.48)	$0.80
Weighted Average Basic Shares Outstanding	29.30M	29.60M	30M	30.84M	30.95M	31.34M	31.43M	31.53M	31.72M	31.75M	30.78M
Diluted Earnings per Share	-	$0.00	$4.42	$3.58	$2.59	($7.87)	($2.67)	($0.74)	$0.89	($0.48)	$0.79
Weighted Average Diluted Shares Outstanding	29.30M	29.60M	30M	30.84M	30.95M	31.34M	31.43M	31.53M	31.72M	31.75M	30.78M
Weighted Average Basic & Diluted Shares Outstanding	29.30M	29.60M	30M	30.84M	30.95M	31.34M	31.43M	31.53M	31.72M	31.75M	30.78M

This table shows Marcus' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/28/2023	12/28/2023	3/28/2024	6/27/2024	9/26/2024	12/26/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	12	-1.44	-12	-20	23	0.99	-17	7.32	16	5.96	-15
Consolidated Net Income / (Loss)	12	-1.44	-12	-20	23	0.99	-17	7.32	16	5.96	-15
Net Income / (Loss) Continuing Operations	12	-1.44	-12	-20	23	0.99	-17	7.32	16	5.96	-15
Total Pre-Tax Income	18	-1.72	-19	-15	29	-5.19	-24	10	24	-1.38	-23
Total Operating Income	21	1.17	-17	2.24	33	-2.18	-20	13	23	1.74	-19
Total Gross Profit	98	70	55	79	112	82	57	92	100	85	61
Total Revenue	209	162	139	176	233	188	149	206	210	193	154
Operating Revenue	209	162	139	176	233	188	149	206	210	193	154
Total Cost of Revenue	110	91	83	97	121	107	92	114	110	109	93
Operating Cost of Revenue	110	91	83	97	121	107	92	114	110	109	93
Total Operating Expenses	77	69	72	77	79	84	78	79	78	83	80
Selling, General & Admin Expense	30	29	31	32	33	34	35	33	33	32	36
Marketing Expense	6.03	6.14	5.30	6.50	6.65	6.11	5.24	6.64	7.18	7.01	5.74
Depreciation Expense	19	16	16	17	17	18	18	18	17	18	18
Other Operating Expenses / (Income)	21	19	19	21	21	19	20	21	21	20	21
Other Special Charges / (Income)	0.24	-	0.02	-0.04	0.12	-	-1.37	0.18	-0.07	0.70	0.08
Total Other Income / (Expense), net	-2.83	-2.89	-2.57	-17	-4.06	-3.01	-3.76	-2.94	1.46	-3.11	-3.73
Interest Expense	2.87	3.75	2.53	2.56	4.47	18	2.82	2.98	2.77	2.90	2.63
Interest & Investment Income	0.52	1.34	0.31	0.12	0.80	0.40	-0.50	0.48	0.04	0.24	-0.65
Other Income / (Expense), net	-0.48	-0.48	-0.34	-14	-0.39	15	-0.44	-0.44	4.19	-0.45	-0.45
Income Tax Expense	5.87	-0.28	-7.37	5.72	5.41	-6.18	-7.36	2.75	7.96	-7.33	-7.64
Basic Earnings per Share	$0.75	($0.07)	($0.72)	($1.22)	$1.43	$0.03	($1.04)	$0.46	$1.02	$0.36	($0.97)
Weighted Average Basic Shares Outstanding	31.70M	31.72M	32.15M	32.17M	31.48M	31.75M	31.30M	31.31M	30.71M	30.78M	30.73M
Diluted Earnings per Share	$0.63	$0.16	($0.72)	($1.22)	$1.42	$0.04	($1.04)	$0.45	$1.01	$0.37	($0.97)
Weighted Average Diluted Shares Outstanding	31.70M	31.72M	32.15M	32.17M	31.48M	31.75M	31.30M	31.31M	30.71M	30.78M	30.73M
Weighted Average Basic & Diluted Shares Outstanding	31.70M	31.72M	32.15M	32.17M	31.48M	31.75M	31.30M	31.31M	30.71M	30.78M	30.73M

This table details how cash moves in and out of Marcus' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/28/2015	12/29/2016	12/28/2017	12/27/2018	12/26/2019	12/31/2020	12/30/2021	12/29/2022	12/28/2023	12/26/2024	12/31/2025
Net Change in Cash & Equivalents	-0.06	-16	12	1.18	3.69	-12	9.97	0.45	35	-15	-18
Net Cash From Operating Activities	80	83	109	137	141	-69	46	93	103	104	84
Net Cash From Continuing Operating Activities	80	83	109	137	141	-69	46	93	103	104	84
Net Income / (Loss) Continuing Operations	24	38	64	53	42	-125	-43	-9.10	15	-7.79	13
Consolidated Net Income / (Loss)	24	38	64	53	42	-125	-43	-9.10	15	-7.79	13
Depreciation Expense	38	42	52	61	72	75	72	67	67	68	70
Amortization Expense	0.78	0.64	0.64	0.62	0.29	2.24	2.20	1.61	1.47	1.08	0.60
Non-Cash Adjustments To Reconcile Net Income	11	4.48	0.70	5.63	4.85	35	8.28	6.14	8.32	36	6.13
Changes in Operating Assets and Liabilities, net	7.01	-1.84	-8.51	16	22	-56	6.94	27	11	6.48	-5.42
Net Cash From Investing Activities	-78	-141	-101	-59	-94	-12	11	-0.35	-37	-82	-71
Net Cash From Continuing Investing Activities	-78	-141	-101	-59	-94	-12	11	-0.35	-37	-82	-71
Purchase of Property, Plant & Equipment	-75	-84	-115	-59	-64	-21	-17	-37	-39	-79	-83
Purchase of Investments	-	-	-	0.00	0.00	-0.80	-3.08	-0.26	-0.84	-2.25	0.00
Sale of Property, Plant & Equipment	0.23	1.56	4.52	0.12	0.02	4.49	22	4.85	4.23	3.12	0.86
Sale and/or Maturity of Investments	-	-	-	0.00	0.00	5.18	0.38	0.14	0.04	0.18	8.19
Other Investing Activities, net	-1.91	3.57	2.35	-0.72	0.20	0.42	8.52	0.67	-1.41	-3.74	2.79
Net Cash From Financing Activities	-2.33	42	4.21	-77	-44	69	-47	-92	-31	-37	-31
Net Cash From Continuing Financing Activities	-2.33	42	4.21	-77	-44	69	-47	-92	-31	-37	-31
Repayment of Debt	-156	-289	-371	-266	-358	-324	-233	-186	-60	-134	-216
Repurchase of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	-124	0.00
Repurchase of Common Equity	-0.77	-6.09	-0.42	-2.52	-0.70	-0.53	-0.42	-1.47	-0.50	-9.99	-19
Payment of Dividends	-10	-12	-14	-16	-19	-5.15	0.00	-5.12	-8.27	-8.78	-9.16
Issuance of Debt	163	346	65	203	335	412	179	100	38	219	213
Other Financing Activities, net	2.01	3.54	324	5.21	-1.21	-13	7.29	0.13	0.22	20	0.02
Cash Interest Paid	-	-	-	11	-	-	5.80	-8.49	9.74	8.68	11
Cash Income Taxes Paid	-	-	-	-	-	-	-	-	1.78	1.43	0.24

This table details how cash moves in and out of Marcus' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/28/2023	12/28/2023	3/28/2024	6/27/2024	9/26/2024	12/26/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-8.77	20	-39	17	-4.74	12	-29	0.98	-6.22	16	-12
Net Cash From Operating Activities	21	34	-15	36	30	53	-35	32	39	49	-15
Net Cash From Continuing Operating Activities	21	34	-15	36	30	53	-35	32	39	49	-15
Net Income / (Loss) Continuing Operations	12	-1.44	-12	-20	23	0.99	-17	7.32	16	5.96	-15
Consolidated Net Income / (Loss)	12	-1.44	-12	-20	23	0.99	-17	7.32	16	5.96	-15
Depreciation Expense	19	16	16	17	17	18	18	18	17	18	18
Amortization Expense	0.37	0.36	0.35	0.36	0.21	0.16	0.16	0.16	0.15	0.14	0.14
Non-Cash Adjustments To Reconcile Net Income	2.22	0.69	2.82	17	3.53	13	2.29	1.03	-3.96	6.78	6.86
Changes in Operating Assets and Liabilities, net	-13	18	-22	23	-14	20	-39	5.53	9.84	18	-25
Net Cash From Investing Activities	-10	-9.87	-21	-20	-18	-24	-23	-8.77	-15	-25	-6.63
Net Cash From Continuing Investing Activities	-10	-9.87	-21	-20	-18	-24	-23	-8.77	-15	-25	-6.63
Purchase of Property, Plant & Equipment	-9.94	-13	-15	-20	-18	-25	-23	-17	-21	-22	-6.65
Sale of Property, Plant & Equipment	0.02	4.17	0.01	0.06	0.08	2.97	0.20	0.01	0.71	-0.07	0.01
Sale and/or Maturity of Investments	-	0.02	0.01	0.03	-	0.14	0.00	8.18	-	-	0.00
Other Investing Activities, net	0.00	-1.12	-4.19	-0.13	0.65	-0.07	0.02	-0.05	5.12	-2.30	0.01
Net Cash From Financing Activities	-20	-4.36	-3.43	1.14	-17	-18	29	-22	-30	-7.93	9.62
Net Cash From Continuing Financing Activities	-20	-4.36	-3.43	1.14	-17	-18	29	-22	-30	-7.93	9.62
Repayment of Debt	-16	-4.12	-5.34	-32	-57	-39	-30	-56	-70	-61	-37
Repurchase of Common Equity	-0.03	0.02	-0.28	0.02	-9.65	-0.08	-7.63	0.02	-9.11	-1.83	-2.31
Payment of Dividends	-2.18	-2.18	-2.21	-2.21	-2.20	-2.17	-2.18	-2.15	-2.43	-2.40	-2.41
Issuance of Debt	-	-	5.00	76	100	38	69	36	51	57	51
Other Financing Activities, net	-1.78	1.90	-0.60	5.77	7.46	6.73	0.01	0.00	0.00	0.00	0.05
Cash Interest Paid	5.32	1.18	5.19	0.75	3.00	1.28	4.81	0.53	4.95	0.42	4.81
Cash Income Taxes Paid	-	-	-	-	-	-	0.02	-	0.01	0.11	-0.02

This table presents Marcus' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/28/2015	12/29/2016	12/28/2017	12/27/2018	12/26/2019	12/31/2020	12/30/2021	12/29/2022	12/28/2023	12/26/2024	12/31/2025
Total Assets	809	911	1,018	989	1,359	1,254	1,188	1,065	1,065	1,045	1,015
Total Current Assets	46	36	15	69	79	68	100	64	102	92	65
Cash & Equivalents	6.72	3.24	-	17	21	6.75	18	22	56	41	23
Restricted Cash	8.76	5.47	-	4.81	4.76	7.34	6.40	2.80	4.25	3.74	3.13
Note & Lease Receivable	16	15	-	26	29	6.36	29	21	20	21	19
Other Current Assets	6.73	11	-	15	18	19	25	18	22	26	19
Plant, Property, & Equipment, net	680	789	0.00	840	923	0.00	0.00	716	682	686	698
Plant, Property & Equipment, gross	-	-	-	-	-	-	-	-	-	-	1,547
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	849
Total Noncurrent Assets	83	86	43	80	357	1,186	1,088	285	281	267	252
Long-Term Investments	5.64	6.10	-	4.07	3.60	2.08	2.34	2.07	1.72	5.17	4.49
Goodwill	44	44	43	43	75	75	75	75	75	75	75
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	0.00	10	-	0.00	3.96	6.45
Other Noncurrent Operating Assets	34	36	-	33	278	1,109	1,001	208	204	183	166
Total Liabilities & Shareholders' Equity	809	911	513	989	1,359	1,254	1,188	1,065	1,065	1,045	1,015
Total Liabilities	463	520	110	499	738	755	735	608	594	580	557
Total Current Liabilities	125	131	53	149	175	217	213	156	164	177	163
Short-Term Debt	23	19	-	9.96	9.91	117	58	25	26	26	16
Accounts Payable	37	31	-	37	49	13	36	32	37	51	45
Accrued Expenses	35	47	53	60	61	58	60	56	58	54	58
Current Deferred & Payable Income Tax Liabilities	0.00	-	-	-	-	-	-	-	-	-	0.00
Current Employee Benefit Liabilities	15	17	-	18	18	7.63	20	23	23	25	24
Other Taxes Payable	15	17	-	19	21	18	20	18	19	19	18
Other Current Liabilities	-	-	-	5.91	16	2.78	19	2.49	2.58	2.59	2.83
Total Noncurrent Liabilities	338	389	57	350	563	538	522	451	430	403	394
Long-Term Debt	230	271	-	229	206	193	204	170	160	149	159
Capital Lease Obligations	18	26	-	22	21	250	233	15	13	10	8.45
Noncurrent Deferred & Payable Income Tax Liabilities	48	46	-	42	48	33	26	27	32	33	31
Other Noncurrent Operating Liabilities	-	-	-	-	287	61	58	240	225	211	195
Total Equity & Noncontrolling Interests	346	392	403	490	621	499	454	457	471	465	457
Total Preferred & Common Equity	344	390	403	490	621	499	454	456	471	465	457
Preferred Stock	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	344	390	403	490	621	499	454	456	471	465	457
Common Stock	87	90	-	95	177	185	177	185	192	209	216
Retained Earnings	308	351	403	439	462	332	289	274	282	265	269
Treasury Stock	-46	-46	-	-37	-4.54	-2.96	-1.38	-1.87	-1.50	-9.38	-28
Accumulated Other Comprehensive Income / (Loss)	-5.31	-5.07	-	-6.76	-13	-15	-11	-1.69	-1.34	-0.18	-0.01

This table presents Marcus' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/29/2022	3/30/2023	6/29/2023	9/28/2023	3/28/2024	6/27/2024	9/26/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,116	1,042	1,068	1,054	1,018	1,052	1,047	1,018	1,016	1,004	992
Total Current Assets	61	53	92	86	62	91	88	60	61	51	50
Cash & Equivalents	11	10	45	36	17	33	28	12	15	7.39	11
Restricted Cash	6.27	2.77	4.27	4.05	3.30	4.98	4.63	3.86	1.80	3.09	3.13
Note & Lease Receivable	26	20	21	21	13	28	28	18	23	22	17
Other Current Assets	19	20	22	25	28	25	26	26	22	19	19
Plant, Property, & Equipment, net	749	708	699	687	678	686	687	693	694	699	690
Plant, Property & Equipment, gross	1,534	1,463	1,463	1,459	1,464	1,484	1,499	1,523	1,540	1,545	1,556
Accumulated Depreciation	785	755	764	772	786	798	812	830	846	846	866
Total Noncurrent Assets	306	281	277	280	278	276	272	265	261	255	252
Long-Term Investments	2.23	1.90	1.87	1.74	5.45	5.40	5.39	4.53	4.60	4.66	3.81
Goodwill	75	75	75	75	75	75	75	75	75	75	75
Noncurrent Deferred & Refundable Income Taxes	9.90	-	-	-	0.73	-	-	6.55	5.90	3.85	6.19
Other Noncurrent Operating Assets	219	204	200	204	197	195	192	179	176	171	167
Total Liabilities & Shareholders' Equity	1,116	1,042	1,068	1,054	1,018	1,052	1,047	1,018	1,016	1,004	992
Total Liabilities	659	593	607	581	559	603	585	576	568	550	551
Total Current Liabilities	144	140	164	147	142	179	161	143	157	144	145
Short-Term Debt	27	25	25	25	24	25	25	26	26	16	16
Accounts Payable	25	29	41	29	30	48	39	26	37	34	32
Accrued Expenses	55	54	57	54	57	66	59	57	55	51	62
Current Deferred & Payable Income Tax Liabilities	0.22	0.53	0.36	-	-	-	0.85	0.81	1.05	0.12	0.59
Current Employee Benefit Liabilities	16	13	19	16	13	19	17	15	17	21	17
Other Taxes Payable	18	16	20	19	16	19	18	16	19	19	15
Other Current Liabilities	2.49	2.51	2.54	2.56	2.60	2.51	2.55	2.64	2.79	2.85	2.62
Total Noncurrent Liabilities	515	453	443	434	417	424	423	433	411	406	406
Long-Term Debt	213	179	170	160	160	165	163	189	170	162	174
Capital Lease Obligations	-	14	-	-	-	12	11	9.80	9.57	8.97	8.01
Noncurrent Deferred & Payable Income Tax Liabilities	26	23	27	33	25	30	35	27	29	36	27
Other Noncurrent Operating Liabilities	276	236	246	242	232	217	215	208	203	199	196
Total Equity & Noncontrolling Interests	457	448	461	473	459	449	462	442	448	454	441
Total Preferred & Common Equity	457	448	461	473	459	449	462	442	448	454	441
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	457	448	461	473	459	449	462	442	448	454	441
Common Stock	184	189	190	191	195	207	208	213	214	215	217
Retained Earnings	285	263	275	285	268	245	266	246	251	265	251
Treasury Stock	-1.95	-2.09	-1.92	-1.58	-1.72	-1.37	-11	-17	-17	-26	-27
Accumulated Other Comprehensive Income / (Loss)	-10	-1.79	-1.80	-1.81	-1.35	-1.36	-1.37	-0.19	-0.19	-0.19	-0.02

This table displays calculated financial ratios and metrics derived from Marcus' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/28/2015	12/29/2016	12/28/2017	12/27/2018	12/26/2019	12/31/2020	12/30/2021	12/29/2022	12/28/2023	12/26/2024	12/31/2025
DEI Shares Outstanding	27,499,458.00	27,631,622.00	27,838,879.00	28,333,014.00	30,924,168.00	31,064,292.00	31,419,563.00	-	-	-	30,713,755.00
DEI Adjusted Shares Outstanding	27,499,458.00	27,631,622.00	27,838,879.00	28,333,014.00	30,924,168.00	31,064,292.00	31,419,563.00	-	-	-	30,713,755.00
DEI Earnings Per Adjusted Shares Outstanding	0.87	1.37	2.33	1.88	1.36	-4.02	-1.38	-	-	-	0.41
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.96%	17.67%	13.80%	8.20%	16.09%	-71.04%	92.79%	47.82%	7.70%	0.82%	3.11%
EBITDA Growth	7.63%	26.33%	18.25%	7.49%	-2.92%	-173.55%	133.11%	145.20%	22.69%	-17.02%	33.05%
EBIT Growth	2.72%	40.52%	15.14%	0.36%	-18.46%	-374.19%	77.15%	133.14%	137.38%	-54.33%	2,404.63%
NOPAT Growth	12.42%	45.56%	65.13%	-8.75%	-21.01%	-336.73%	76.77%	120.04%	298.72%	-51.17%	119.74%
Net Income Growth	13.13%	58.78%	71.78%	-17.09%	-21.23%	-396.49%	65.33%	78.97%	262.50%	-152.64%	262.98%
EPS Growth	0.00%	0.00%	0.00%	-19.00%	-27.65%	-403.86%	66.07%	72.28%	220.27%	-153.93%	264.58%
Operating Cash Flow Growth	21.09%	2.74%	31.92%	26.00%	2.98%	-148.46%	167.47%	101.53%	10.11%	1.28%	-18.99%
Free Cash Flow Firm Growth	26.05%	-418.93%	1,650.18%	-186.81%	92.74%	-558.01%	126.94%	216.09%	-80.58%	-67.08%	-17.21%
Invested Capital Growth	2.39%	16.29%	-107.38%	1,518.36%	14.37%	25.78%	-11.53%	-30.62%	-5.13%	-1.17%	1.60%
Revenue Q/Q Growth	2.44%	9.35%	-0.55%	1.35%	4.03%	-41.72%	10.41%	13.97%	-0.19%	3.78%	0.69%
EBITDA Q/Q Growth	-0.76%	7.78%	8.10%	-2.73%	-0.95%	-172.30%	205.78%	-12.03%	-3.30%	19.32%	-10.04%
EBIT Q/Q Growth	-3.29%	11.17%	8.89%	-9.33%	-2.34%	-57.59%	62.12%	-42.32%	-8.70%	461.79%	-33.53%
NOPAT Q/Q Growth	-3.00%	15.48%	52.98%	-25.29%	-4.02%	-62.39%	62.54%	-58.85%	92.17%	-17.18%	19.89%
Net Income Q/Q Growth	-4.67%	17.24%	66.54%	-32.46%	-2.02%	-60.11%	51.22%	-340.15%	51.22%	23.75%	64.37%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	-44.18%	-59.31%	34.72%	43.08%	270.83%	-33.33%	71.74%
Operating Cash Flow Q/Q Growth	6.98%	19.30%	22.86%	1.64%	-3.28%	-172.82%	226.82%	-10.85%	1.12%	21.77%	-4.28%
Free Cash Flow Firm Q/Q Growth	83.21%	-487.23%	1,010.81%	-1,036.23%	-1.92%	-635.70%	316.91%	262.27%	-23.88%	141.48%	-8.56%
Invested Capital Q/Q Growth	0.65%	12.34%	-106.78%	-5.58%	-5.05%	23.81%	24.18%	-5.52%	-1.41%	-3.51%	-2.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	79.96%	49.70%	46.07%	46.76%	41.49%	28.75%	44.19%	42.96%	44.40%	44.57%	44.05%
EBITDA Margin	18.10%	19.43%	20.19%	20.06%	16.77%	-42.60%	7.32%	12.14%	13.82%	11.38%	11.96%
Operating Margin	10.38%	12.44%	11.83%	11.76%	8.31%	-75.07%	-9.05%	1.23%	4.65%	2.20%	2.25%
EBIT Margin	10.08%	12.03%	12.18%	11.29%	7.93%	-75.12%	-8.90%	2.00%	4.40%	1.99%	2.63%
Profit (Net Income) Margin	4.84%	6.54%	9.87%	7.56%	5.13%	-52.53%	-9.45%	-1.34%	2.03%	-1.06%	1.67%
Tax Burden Percent	60.13%	62.01%	94.68%	80.29%	77.37%	63.77%	73.39%	462.84%	68.33%	76.28%	145.76%
Interest Burden Percent	79.95%	87.59%	85.59%	83.38%	83.59%	109.66%	144.60%	-14.55%	67.46%	-69.65%	43.73%
Effective Tax Rate	39.87%	37.99%	5.32%	19.71%	22.63%	0.00%	0.00%	0.00%	31.67%	0.00%	-45.76%
Return on Invested Capital (ROIC)	5.17%	6.88%	22.81%	19.82%	6.79%	-13.34%	-2.95%	0.74%	3.72%	1.87%	4.11%
ROIC Less NNEP Spread (ROIC-NNEP)	2.46%	4.42%	34.19%	31.97%	1.98%	-13.33%	-5.77%	-3.83%	-1.53%	-12.18%	-4.35%
Return on Net Nonoperating Assets (RNNOA)	1.82%	3.30%	-6.58%	-7.85%	0.79%	-8.95%	-6.14%	-2.74%	-0.53%	-3.54%	-1.36%
Return on Equity (ROE)	6.99%	10.17%	16.23%	11.97%	7.58%	-22.29%	-9.09%	-2.00%	3.19%	-1.66%	2.75%
Cash Return on Invested Capital (CROIC)	2.81%	-8.18%	0.00%	-97.84%	-6.62%	-36.18%	9.28%	36.90%	8.98%	3.05%	2.52%
Operating Return on Assets (OROA)	6.23%	8.03%	8.25%	7.96%	5.55%	-13.66%	-3.34%	1.20%	3.01%	1.39%	1.93%
Return on Assets (ROA)	3.00%	4.36%	6.69%	5.33%	3.59%	-9.56%	-3.54%	-0.81%	1.39%	-0.74%	1.23%
Return on Common Equity (ROCE)	6.93%	10.12%	16.19%	11.97%	7.58%	-22.29%	-9.09%	-2.00%	3.19%	-1.66%	2.75%
Return on Equity Simple (ROE_SIMPLE)	6.88%	9.62%	15.99%	10.91%	6.78%	-25.04%	-9.54%	-2.00%	3.14%	-1.68%	0.00%
Net Operating Profit after Tax (NOPAT)	30	44	73	67	53	-125	-29	5.81	23	11	25
NOPAT Margin	6.24%	7.72%	11.20%	9.45%	6.43%	-52.55%	-6.33%	0.86%	3.18%	1.54%	3.28%
Net Nonoperating Expense Percent (NNEP)	2.71%	2.46%	-11.38%	-12.15%	4.81%	-0.01%	2.82%	4.57%	5.25%	14.06%	8.46%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.87%	3.46%	1.74%	3.88%
Cost of Revenue to Revenue	20.04%	50.30%	53.93%	53.24%	58.51%	71.25%	55.81%	57.04%	55.60%	55.43%	55.95%
SG&A Expenses to Revenue	17.93%	16.62%	15.07%	15.37%	13.96%	28.75%	19.02%	16.63%	16.09%	17.84%	17.66%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	69.59%	37.26%	34.25%	34.99%	33.18%	103.82%	53.24%	41.74%	39.75%	42.37%	41.80%
Earnings before Interest and Taxes (EBIT)	49	69	80	80	65	-179	-41	14	32	15	20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	88	112	132	142	138	-101	34	82	101	84	91
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.38	2.04	1.74	2.10	1.56	0.81	1.20	0.95	0.97	1.46	1.04
Price to Tangible Book Value (P/TBV)	1.59	2.29	1.95	2.30	1.77	0.96	1.44	1.13	1.15	1.75	1.24
Price to Revenue (P/Rev)	0.97	1.38	1.07	1.46	1.18	1.70	1.19	0.64	0.62	0.93	0.62
Price to Earnings (P/E)	19.83	20.96	10.80	19.29	23.05	0.00	0.00	0.00	30.76	0.00	37.34
Dividend Yield	2.25%	1.96%	1.98%	1.65%	2.04%	4.99%	0.00%	0.73%	1.67%	1.29%	1.94%
Earnings Yield	5.04%	4.77%	9.26%	5.18%	4.34%	0.00%	0.00%	0.00%	3.25%	0.00%	2.68%
Enterprise Value to Invested Capital (EV/IC)	1.22	1.58	0.00	1.74	1.42	0.91	1.10	0.96	0.97	1.36	1.03
Enterprise Value to Revenue (EV/Rev)	1.49	1.91	1.07	1.79	1.43	3.99	2.21	0.91	0.81	1.11	0.83
Enterprise Value to EBITDA (EV/EBITDA)	8.24	9.83	5.32	8.92	8.55	0.00	30.27	7.50	5.86	9.75	6.91
Enterprise Value to EBIT (EV/EBIT)	14.80	15.88	8.83	15.84	18.07	0.00	0.00	45.58	18.43	55.70	31.47
Enterprise Value to NOPAT (EV/NOPAT)	23.90	24.76	9.59	18.94	22.30	0.00	0.00	105.98	25.51	72.13	25.19
Enterprise Value to Operating Cash Flow (EV/OCF)	9.05	13.28	6.44	9.21	8.32	0.00	21.94	6.61	5.76	7.85	7.44
Enterprise Value to Free Cash Flow (EV/FCFF)	44.03	0.00	0.86	0.00	0.00	0.00	11.12	2.14	10.56	44.27	41.03
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.78	0.81	0.00	0.53	0.38	1.12	1.09	0.46	0.42	0.40	0.40
Long-Term Debt to Equity	0.72	0.76	0.00	0.51	0.37	0.89	0.96	0.40	0.37	0.34	0.37
Financial Leverage	0.74	0.75	-0.19	-0.25	0.40	0.67	1.06	0.72	0.34	0.29	0.31
Leverage Ratio	2.33	2.33	2.43	2.25	2.11	2.33	2.56	2.47	2.29	2.25	2.23
Compound Leverage Factor	1.87	2.04	2.08	1.87	1.77	2.56	3.71	-0.36	1.55	-1.57	0.98
Debt to Total Capital	43.89%	44.66%	0.00%	34.75%	27.62%	52.92%	52.22%	31.49%	29.58%	28.50%	28.65%
Short-Term Debt to Total Capital	3.69%	2.63%	0.00%	1.33%	1.15%	11.08%	6.14%	3.75%	3.83%	3.98%	2.53%
Long-Term Debt to Total Capital	40.19%	42.03%	0.00%	33.43%	26.47%	41.85%	46.08%	27.74%	25.75%	24.51%	26.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.40%	0.22%	0.00%	0.01%	0.00%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%
Common Equity to Total Capital	55.72%	55.12%	100.00%	65.23%	72.38%	47.08%	47.78%	68.39%	70.42%	71.50%	71.35%
Debt to EBITDA	3.07	2.83	0.00	1.84	1.72	-5.54	14.79	2.55	1.96	2.21	2.03
Net Debt to EBITDA	2.83	2.70	0.00	1.66	1.51	-5.38	14.00	2.23	1.35	1.62	1.68
Long-Term Debt to EBITDA	2.81	2.67	0.00	1.77	1.65	-4.38	13.05	2.25	1.71	1.90	1.85
Debt to NOPAT	8.89	7.13	0.00	3.91	4.50	-4.49	-17.09	36.12	8.54	16.37	7.39
Net Debt to NOPAT	8.20	6.80	0.00	3.52	3.94	-4.36	-16.18	31.55	5.88	11.97	6.14
Long-Term Debt to NOPAT	8.14	6.71	0.00	3.76	4.31	-3.55	-15.08	31.82	7.43	14.08	6.73
Altman Z-Score	1.84	2.21	5.24	2.74	1.94	0.27	0.94	1.36	1.54	1.71	1.58
Noncontrolling Interest Sharing Ratio	0.92%	0.54%	0.19%	0.01%	0.01%	0.00%	0.00%	0.09%	0.09%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.36	0.28	0.29	0.46	0.45	0.31	0.47	0.41	0.62	0.52	0.40
Quick Ratio	0.18	0.14	0.00	0.29	0.29	0.06	0.22	0.28	0.46	0.35	0.26
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	17	-53	817	-709	-51	-339	91	288	56	18	15
Operating Cash Flow to CapEx	107.61%	100.74%	98.87%	234.68%	220.84%	-406.17%	0.00%	291.34%	297.13%	136.60%	102.24%
Free Cash Flow to Firm to Interest Expense	1.67	-5.75	67.54	-54.25	-4.37	-20.81	4.88	18.85	4.40	0.70	1.33
Operating Cash Flow to Interest Expense	8.11	9.01	9.01	10.50	12.00	-4.21	2.47	6.09	8.07	3.92	7.34
Operating Cash Flow Less CapEx to Interest Expense	0.57	0.07	-0.10	6.03	6.57	-5.25	2.74	4.00	5.35	1.05	0.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.67	0.68	0.70	0.70	0.18	0.38	0.60	0.69	0.70	0.74
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.73	0.78	0.00	0.00	0.93	0.00	0.00	0.00	1.04	1.08	1.10
Accounts Payable Turnover	2.89	8.50	0.00	0.00	11.06	5.42	10.45	11.37	11.66	9.26	8.91
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	126.40	42.95	0.00	0.00	32.99	67.38	34.93	32.10	31.30	39.42	40.95
Cash Conversion Cycle (CCC)	-126.40	-42.95	0.00	0.00	-32.99	-67.38	-34.93	-32.10	-31.30	-39.42	-40.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	596	693	-51	725	829	1,043	923	640	608	600	610
Invested Capital Turnover	0.83	0.89	2.04	2.10	1.06	0.25	0.47	0.87	1.17	1.22	1.25
Increase / (Decrease) in Invested Capital	14	97	-744	776	104	214	-120	-283	-33	-7.12	9.60
Enterprise Value (EV)	728	1,097	702	1,265	1,177	950	1,015	616	591	816	627
Market Capitalization	476	795	702	1,030	969	405	545	432	455	681	474
Book Value per Share	$12.50	$14.12	$14.48	$17.29	$20.10	$16.05	$14.44	$14.48	$14.87	$14.77	$14.89
Tangible Book Value per Share	$10.91	$12.54	$12.92	$15.77	$17.66	$13.63	$12.05	$12.09	$12.50	$12.38	$12.45
Total Capital	617	708	403	751	859	1,059	949	667	669	650	641
Total Debt	271	316	0.00	261	237	561	496	210	198	185	184
Total Long-Term Debt	248	297	0.00	251	227	443	437	185	172	159	167
Net Debt	250	301	0.00	235	208	545	469	183	136	136	153
Capital Expenditures (CapEx)	75	82	110	59	64	17	-5.06	32	35	76	82
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-72	-85	-38	-92	-111	-46	-79	-92	-97	-103	-109
Debt-free Net Working Capital (DFNWC)	-57	-76	-38	-70	-86	-32	-55	-68	-37	-59	-83
Net Working Capital (NWC)	-80	-95	-38	-80	-96	-150	-113	-93	-63	-85	-99
Net Nonoperating Expense (NNE)	6.81	6.78	8.71	13	11	-0.03	14	15	8.39	19	12
Net Nonoperating Obligations (NNO)	250	301	-454	235	208	545	469	183	136	136	153
Total Depreciation and Amortization (D&A)	39	42	52	62	73	77	74	69	69	69	71
Debt-free, Cash-free Net Working Capital to Revenue	-14.83%	-14.73%	-5.81%	-13.05%	-13.58%	-19.48%	-17.23%	-13.58%	-13.29%	-14.03%	-14.40%
Debt-free Net Working Capital to Revenue	-11.65%	-13.21%	-5.81%	-9.95%	-10.45%	-13.56%	-11.98%	-9.97%	-5.09%	-7.97%	-10.90%
Net Working Capital to Revenue	-16.32%	-16.46%	-5.81%	-11.36%	-11.66%	-62.93%	-24.71%	-13.66%	-8.60%	-11.49%	-13.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.72	$0.00	$0.00	$0.00	$2.69	($7.87)	($2.67)	($0.74)	$0.91	($0.48)	$0.80
Adjusted Weighted Average Basic Shares Outstanding	27.59M	27.72M	27.91M	30.84M	30.95M	31.34M	31.43M	31.53M	31.72M	31.75M	30.78M
Adjusted Diluted Earnings per Share	$1.68	$0.00	$0.00	$0.00	$2.59	($7.87)	($2.67)	($0.74)	$0.89	($0.48)	$0.79
Adjusted Weighted Average Diluted Shares Outstanding	27.59M	27.72M	27.91M	30.84M	30.95M	31.34M	31.43M	31.53M	31.72M	31.75M	30.78M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.59M	27.72M	27.91M	30.84M	30.95M	31.34M	31.43M	31.53M	31.72M	31.75M	30.78M
Normalized Net Operating Profit after Tax (NOPAT)	32	44	73	67	54	-108	-25	6.88	24	16	15
Normalized NOPAT Margin	6.60%	7.72%	11.20%	9.45%	6.60%	-45.28%	-5.45%	1.02%	3.28%	2.19%	2.00%
Pre Tax Income Margin	8.06%	10.54%	10.42%	9.42%	6.63%	-82.38%	-12.87%	-0.29%	2.97%	-1.39%	1.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.95	7.53	6.58	6.11	5.52	-10.97	-2.18	0.88	2.52	0.55	1.74
NOPAT to Interest Expense	3.07	4.83	6.05	5.11	4.47	-7.67	-1.55	0.38	1.82	0.43	2.17
EBIT Less CapEx to Interest Expense	-2.58	-1.41	-2.54	1.63	0.09	-12.01	-1.91	-1.21	-0.19	-2.32	-5.44
NOPAT Less CapEx to Interest Expense	-4.46	-4.11	-3.07	0.63	-0.96	-8.71	-1.28	-1.71	-0.89	-2.44	-5.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	43.95%	32.07%	21.58%	30.82%	45.85%	-4.12%	0.00%	-56.28%	55.92%	-112.80%	72.16%
Augmented Payout Ratio	47.22%	48.29%	22.23%	35.54%	47.52%	-4.55%	-0.96%	-72.40%	59.32%	-241.06%	218.30%

This table displays calculated financial ratios and metrics derived from Marcus' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/28/2023	12/28/2023	3/28/2024	6/27/2024	9/26/2024	12/26/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	31,749,222.00	31,297,574.00	31,311,076.00	30,713,755.00	30,776,398.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	31,749,222.00	31,297,574.00	31,311,076.00	30,713,755.00	30,776,398.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-0.53	0.23	0.52	0.19	-0.50
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.68%	-0.87%	-9.02%	-14.96%	11.45%	16.58%	7.38%	17.05%	-9.68%	2.75%	3.79%
EBITDA Growth	57.75%	-16.56%	-109.32%	-86.39%	21.22%	78.20%	-347.89%	507.23%	-11.98%	38.71%	39.45%
EBIT Growth	141.31%	-81.51%	-81.13%	-159.32%	51.46%	1,736.02%	-22.64%	204.17%	-16.90%	130.70%	5.50%
NOPAT Growth	129.88%	-95.48%	-85.41%	-90.18%	88.15%	-286.51%	-22.48%	504.06%	-42.69%	179.58%	5.64%
Net Income Growth	271.97%	77.68%	-25.35%	-250.16%	90.57%	168.47%	-41.72%	136.20%	-30.39%	504.06%	8.70%
EPS Growth	215.00%	132.65%	-22.03%	-276.81%	125.40%	-75.00%	-44.44%	136.89%	-28.87%	825.00%	6.73%
Operating Cash Flow Growth	315.19%	3.47%	-95.22%	-34.66%	43.07%	54.67%	-134.00%	-12.05%	28.17%	-7.16%	56.92%
Free Cash Flow Firm Growth	5.63%	-88.81%	-54.90%	-100.68%	-72.80%	-83.38%	-287.26%	-2,947.64%	-45.56%	-249.87%	125.98%
Invested Capital Growth	-9.08%	-5.13%	-5.33%	0.34%	0.98%	-1.17%	4.69%	4.13%	0.65%	1.60%	-3.83%
Revenue Q/Q Growth	0.85%	-22.63%	-14.23%	27.06%	32.17%	-19.06%	-21.00%	38.50%	1.99%	-7.92%	-20.20%
EBITDA Q/Q Growth	8.93%	-56.67%	-103.69%	881.53%	870.48%	-36.30%	-120.53%	1,159.57%	44.77%	-55.95%	-108.96%
EBIT Q/Q Growth	0.60%	-96.61%	-2,550.43%	29.08%	356.88%	-58.87%	-397.88%	160.24%	114.25%	-95.22%	-1,632.50%
NOPAT Q/Q Growth	-11.33%	-94.20%	-1,523.14%	113.42%	1,599.43%	-105.74%	-834.62%	166.20%	61.23%	-92.02%	-1,208.23%
Net Income Q/Q Growth	-9.15%	-111.77%	-724.03%	-70.41%	215.30%	-95.77%	-1,805.48%	143.54%	121.69%	-63.30%	-357.77%
EPS Q/Q Growth	-8.70%	-74.60%	-550.00%	-69.44%	216.39%	-97.18%	-2,700.00%	143.27%	124.44%	-63.37%	-362.16%
Operating Cash Flow Q/Q Growth	-61.29%	59.44%	-144.42%	338.28%	-15.23%	72.36%	-167.21%	189.56%	23.54%	24.84%	-131.19%
Free Cash Flow Firm Q/Q Growth	0.52%	-55.52%	-31.40%	-102.22%	4,119.02%	-72.81%	-872.81%	63.91%	171.79%	-174.84%	233.95%
Invested Capital Q/Q Growth	1.77%	-1.41%	1.59%	-1.55%	2.42%	-3.51%	7.62%	-2.08%	-1.00%	-2.60%	1.87%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.15%	43.47%	39.99%	44.97%	48.04%	43.29%	38.39%	44.55%	47.81%	43.77%	39.59%
EBITDA Margin	19.15%	10.73%	-0.46%	2.84%	20.83%	16.40%	-1.92%	14.72%	20.89%	10.00%	-1.12%
Operating Margin	10.03%	0.73%	-12.03%	1.27%	14.09%	-1.16%	-13.72%	6.31%	10.82%	0.90%	-12.47%
EBIT Margin	9.80%	0.43%	-12.27%	-6.85%	13.32%	6.77%	-14.02%	6.10%	12.81%	0.66%	-12.76%
Profit (Net Income) Margin	5.86%	-0.89%	-8.56%	-11.49%	10.02%	0.52%	-11.30%	3.55%	7.72%	3.08%	-9.94%
Tax Burden Percent	67.57%	83.87%	61.69%	139.44%	81.18%	-18.99%	69.56%	72.72%	67.09%	-432.85%	66.78%
Interest Burden Percent	88.52%	-247.41%	113.11%	120.24%	92.70%	-40.75%	115.91%	80.13%	89.87%	-107.00%	116.66%
Effective Tax Rate	32.44%	0.00%	0.00%	0.00%	18.82%	0.00%	0.00%	27.28%	32.91%	0.00%	0.00%
Return on Invested Capital (ROIC)	7.65%	0.59%	-9.50%	1.00%	13.09%	-0.99%	-11.34%	5.74%	8.76%	0.79%	-10.53%
ROIC Less NNEP Spread (ROIC-NNEP)	6.60%	-0.82%	-9.61%	-13.41%	10.92%	0.86%	-12.74%	4.49%	9.35%	4.08%	-11.50%
Return on Net Nonoperating Assets (RNNOA)	2.58%	-0.28%	-3.83%	-4.45%	3.54%	0.25%	-5.12%	1.71%	3.38%	1.27%	-5.01%
Return on Equity (ROE)	10.24%	0.31%	-13.32%	-3.45%	16.63%	-0.74%	-16.46%	7.46%	12.14%	2.06%	-15.54%
Cash Return on Invested Capital (CROIC)	11.38%	8.98%	8.96%	0.54%	1.23%	3.05%	-3.21%	1.84%	2.68%	2.52%	8.01%
Operating Return on Assets (OROA)	6.60%	0.29%	-8.53%	-4.43%	8.98%	4.72%	-10.27%	4.57%	9.41%	0.49%	-9.70%
Return on Assets (ROA)	3.95%	-0.61%	-5.95%	-7.42%	6.76%	0.37%	-8.28%	2.67%	5.67%	2.27%	-7.56%
Return on Common Equity (ROCE)	10.24%	0.31%	-13.32%	-3.45%	16.63%	-0.74%	-16.46%	7.46%	12.14%	2.06%	-15.54%
Return on Equity Simple (ROE_SIMPLE)	2.07%	0.00%	2.70%	-4.74%	-2.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	14	0.82	-12	1.57	27	-1.53	-14	9.46	15	1.22	-13
NOPAT Margin	6.77%	0.51%	-8.42%	0.89%	11.44%	-0.81%	-9.60%	4.59%	7.26%	0.63%	-8.73%
Net Nonoperating Expense Percent (NNEP)	1.05%	1.41%	0.11%	14.42%	2.17%	-1.85%	1.40%	1.25%	-0.59%	-3.29%	0.97%
Return On Investment Capital (ROIC_SIMPLE)	-	0.12%	-	-	-	-0.24%	-2.14%	1.45%	2.38%	0.19%	-2.11%
Cost of Revenue to Revenue	52.85%	56.53%	60.01%	55.03%	51.97%	56.71%	61.61%	55.45%	52.19%	56.23%	60.41%
SG&A Expenses to Revenue	14.44%	17.73%	22.57%	18.39%	14.39%	18.11%	23.74%	16.16%	15.69%	16.72%	23.23%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	37.12%	42.74%	52.02%	43.70%	33.95%	44.45%	52.11%	38.24%	37.00%	42.88%	52.07%
Earnings before Interest and Taxes (EBIT)	20	0.69	-17	-12	31	13	-21	13	27	1.29	-20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	40	17	-0.64	4.99	48	31	-2.86	30	44	19	-1.73
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.02	0.97	0.98	0.80	1.06	1.46	1.18	1.18	1.07	1.04	1.20
Price to Tangible Book Value (P/TBV)	1.21	1.15	1.17	0.96	1.27	1.75	1.42	1.41	1.28	1.24	1.44
Price to Revenue (P/Rev)	0.66	0.62	0.63	0.52	0.69	0.93	0.70	0.68	0.64	0.62	0.69
Price to Earnings (P/E)	69.54	30.76	36.26	0.00	0.00	0.00	0.00	35.64	62.90	37.34	37.33
Dividend Yield	1.45%	1.67%	2.19%	2.51%	1.83%	1.29%	1.71%	2.08%	1.87%	1.94%	1.81%
Earnings Yield	1.44%	3.25%	2.76%	0.00%	0.00%	0.00%	0.00%	2.81%	1.59%	2.68%	2.68%
Enterprise Value to Invested Capital (EV/IC)	1.01	0.97	0.98	0.85	1.05	1.36	1.12	1.13	1.05	1.03	1.14
Enterprise Value to Revenue (EV/Rev)	0.85	0.81	0.85	0.75	0.92	1.11	0.97	0.92	0.87	0.83	0.93
Enterprise Value to EBITDA (EV/EBITDA)	5.98	5.86	6.50	8.38	9.29	9.75	10.98	6.67	6.52	6.91	7.72
Enterprise Value to EBIT (EV/EBIT)	17.76	18.43	24.81	0.00	249.74	55.70	0.00	20.09	21.95	31.47	33.65
Enterprise Value to NOPAT (EV/NOPAT)	51.74	25.51	27.48	96.16	47.67	72.13	83.25	19.53	31.70	25.19	27.18
Enterprise Value to Operating Cash Flow (EV/OCF)	6.15	5.76	6.37	6.78	7.63	7.85	8.65	8.97	7.48	7.44	6.79
Enterprise Value to Free Cash Flow (EV/FCFF)	8.48	10.56	10.68	156.80	85.31	44.27	0.00	62.55	39.38	41.03	13.95
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.39	0.42	0.40	0.45	0.43	0.40	0.51	0.46	0.41	0.40	0.45
Long-Term Debt to Equity	0.34	0.37	0.35	0.39	0.38	0.34	0.45	0.40	0.38	0.37	0.41
Financial Leverage	0.39	0.34	0.40	0.33	0.32	0.29	0.40	0.38	0.36	0.31	0.44
Leverage Ratio	2.33	2.29	2.27	2.33	2.25	2.25	2.26	2.30	2.24	2.23	2.28
Compound Leverage Factor	2.07	-5.68	2.57	2.80	2.08	-0.92	2.62	1.85	2.01	-2.39	2.66
Debt to Total Capital	28.14%	29.58%	28.58%	30.94%	30.03%	28.50%	33.70%	31.43%	29.17%	28.65%	31.02%
Short-Term Debt to Total Capital	3.87%	3.83%	3.78%	3.83%	3.75%	3.98%	3.86%	3.95%	2.52%	2.53%	2.55%
Long-Term Debt to Total Capital	24.27%	25.75%	24.80%	27.11%	26.28%	24.51%	29.84%	27.48%	26.65%	26.12%	28.47%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.86%	70.42%	71.42%	69.06%	69.97%	71.50%	66.30%	68.57%	70.83%	71.35%	68.98%
Debt to EBITDA	1.78	1.96	1.97	3.27	2.83	2.21	3.41	1.92	1.86	2.03	2.16
Net Debt to EBITDA	1.37	1.35	1.69	2.56	2.28	1.62	3.10	1.72	1.71	1.68	1.96
Long-Term Debt to EBITDA	1.53	1.71	1.71	2.86	2.48	1.90	3.02	1.68	1.70	1.85	1.98
Debt to NOPAT	15.35	8.54	8.32	37.47	14.52	16.37	25.82	5.64	9.02	7.39	7.61
Net Debt to NOPAT	11.88	5.88	7.14	29.43	11.70	11.97	23.50	5.05	8.29	6.14	6.91
Long-Term Debt to NOPAT	13.24	7.43	7.22	32.84	12.70	14.08	22.87	4.93	8.24	6.73	6.98
Altman Z-Score	1.56	1.45	1.40	1.20	1.55	1.71	1.45	1.59	1.63	1.52	1.52
Noncontrolling Interest Sharing Ratio	0.00%	0.09%	0.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.59	0.62	0.43	0.51	0.54	0.52	0.42	0.39	0.35	0.40	0.35
Quick Ratio	0.39	0.46	0.22	0.34	0.35	0.35	0.21	0.24	0.20	0.26	0.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	76	34	23	-0.51	21	5.60	-43	-16	11	-8.39	11
Operating Cash Flow to CapEx	214.90%	387.49%	-97.84%	181.88%	165.68%	233.94%	-154.95%	187.20%	193.70%	217.19%	-229.13%
Free Cash Flow to Firm to Interest Expense	26.38	8.97	9.11	-0.20	6.72	0.31	-15.32	-5.24	4.05	-2.89	4.27
Operating Cash Flow to Interest Expense	7.43	9.06	-5.96	14.03	9.96	2.87	-12.52	10.61	14.13	16.81	-5.79
Operating Cash Flow Less CapEx to Interest Expense	3.97	6.72	-12.05	6.32	3.95	1.64	-20.60	4.94	6.84	9.07	-8.31
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.67	0.69	0.70	0.65	0.67	0.70	0.73	0.75	0.73	0.74	0.76
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.02	1.04	1.03	0.99	1.03	1.08	1.09	1.12	1.09	1.10	1.11
Accounts Payable Turnover	15.19	11.66	13.60	8.63	11.43	9.26	14.99	10.27	11.50	8.91	14.78
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	24.03	31.30	26.83	42.29	31.94	39.42	24.34	35.56	31.73	40.95	24.69
Cash Conversion Cycle (CCC)	-24.03	-31.30	-26.83	-42.29	-31.94	-39.42	-24.34	-35.56	-31.73	-40.95	-24.69
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	616	608	617	608	622	600	646	633	626	610	621
Invested Capital Turnover	1.13	1.17	1.13	1.13	1.14	1.22	1.18	1.25	1.21	1.25	1.21
Increase / (Decrease) in Invested Capital	-62	-33	-35	2.08	6.03	-7.12	29	25	4.05	9.60	-25
Enterprise Value (EV)	624	591	607	517	652	816	724	712	658	627	709
Market Capitalization	481	455	449	359	492	681	520	528	486	474	528
Book Value per Share	$14.92	$14.87	$14.48	$13.98	$14.37	$14.77	$13.92	$14.33	$14.51	$14.89	$14.33
Tangible Book Value per Share	$12.56	$12.50	$12.12	$11.64	$12.04	$12.38	$11.55	$11.93	$12.12	$12.45	$11.90
Total Capital	658	669	643	651	661	650	666	654	641	641	640
Total Debt	185	198	184	201	198	185	225	206	187	184	198
Total Long-Term Debt	160	172	160	176	174	159	199	180	171	167	182
Net Debt	143	136	158	158	160	136	204	184	172	153	180
Capital Expenditures (CapEx)	9.92	8.77	15	20	18	22	23	17	20	22	6.64
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-75	-97	-77	-101	-82	-103	-73	-86	-88	-109	-93
Debt-free Net Working Capital (DFNWC)	-35	-37	-56	-64	-49	-59	-57	-70	-77	-83	-78
Net Working Capital (NWC)	-61	-63	-80	-88	-74	-85	-83	-96	-93	-99	-95
Net Nonoperating Expense (NNE)	1.91	2.26	0.20	22	3.30	-2.51	2.53	2.14	-0.98	-4.74	1.87
Net Nonoperating Obligations (NNO)	143	136	158	158	160	136	204	184	172	153	180
Total Depreciation and Amortization (D&A)	20	17	16	17	17	18	18	18	17	18	18
Debt-free, Cash-free Net Working Capital to Revenue	-10.29%	-13.29%	-10.70%	-14.80%	-11.57%	-14.03%	-9.80%	-11.14%	-11.65%	-14.40%	-12.15%
Debt-free Net Working Capital to Revenue	-4.81%	-5.09%	-7.83%	-9.28%	-6.91%	-7.97%	-7.69%	-8.98%	-10.26%	-10.90%	-10.27%
Net Working Capital to Revenue	-8.29%	-8.60%	-11.22%	-12.92%	-10.41%	-11.49%	-11.14%	-12.31%	-12.41%	-13.04%	-12.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.75	($0.07)	($0.72)	($1.22)	$1.43	$0.03	($1.04)	$0.46	$1.02	$0.36	($0.97)
Adjusted Weighted Average Basic Shares Outstanding	31.70M	31.72M	32.15M	32.17M	31.48M	31.75M	31.30M	31.31M	30.71M	30.78M	30.73M
Adjusted Diluted Earnings per Share	$0.63	$0.16	($0.72)	($1.22)	$1.42	$0.04	($1.04)	$0.45	$1.01	$0.37	($0.97)
Adjusted Weighted Average Diluted Shares Outstanding	31.70M	31.72M	32.15M	32.17M	31.48M	31.75M	31.30M	31.31M	30.71M	30.78M	30.73M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.70M	31.72M	32.15M	32.17M	31.48M	31.75M	31.30M	31.31M	30.71M	30.78M	30.73M
Normalized Net Operating Profit after Tax (NOPAT)	15	0.82	-12	1.87	27	-1.53	-15	9.59	15	1.71	-13
Normalized NOPAT Margin	7.07%	0.51%	-8.41%	1.06%	11.48%	-0.81%	-10.25%	4.65%	7.23%	0.88%	-8.70%
Pre Tax Income Margin	8.67%	-1.06%	-13.88%	-8.24%	12.34%	-2.76%	-16.25%	4.89%	11.51%	-0.71%	-14.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	7.13	0.19	-6.71	-4.70	10.12	0.70	-7.39	4.21	9.73	0.44	-7.49
NOPAT to Interest Expense	4.93	0.22	-4.60	0.61	8.69	-0.08	-5.06	3.17	5.51	0.42	-5.13
EBIT Less CapEx to Interest Expense	3.67	-2.15	-12.80	-12.42	4.11	-0.53	-15.47	-1.46	2.44	-7.30	-10.02
NOPAT Less CapEx to Interest Expense	1.47	-2.12	-10.69	-7.10	2.68	-1.31	-13.14	-2.50	-1.78	-7.32	-7.65
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	98.96%	55.92%	67.65%	-41.19%	-86.08%	-112.80%	-68.74%	58.72%	115.61%	72.16%	66.33%
Augmented Payout Ratio	104.14%	59.32%	71.62%	-42.48%	-182.89%	-241.06%	-204.83%	175.81%	333.13%	218.30%	159.82%

Financials Breakdown Chart

Key Financial Trends

Marcus Corp. (NYSE: MCS) shows a mixed but improving operating picture in Q1 2026, with revenue growth over the prior-year quarter but a return to a sizable net loss and negative operating cash flow. The company’s latest quarter suggests the core business is still under pressure from operating expenses and financing costs, even though the top line held up better than in some recent periods.

Revenue improved year over year in Q1 2026, rising to $154.4 million from $148.8 million in Q1 2025.
Gross profit margin improved sharply in Q1 2026, with gross profit of $61.1 million on $154.4 million of revenue, versus $57.1 million on $148.8 million a year ago.
Operating cash flow was positive in the most recent full quarter before Q1 2026 (Q4 2025 generated $48.8 million from operations), showing the business can still produce cash when conditions improve.
Q1 2026 cash on the balance sheet remained meaningful at $11.2 million in cash and equivalents, plus $3.1 million of restricted cash.
Equity stayed solidly positive at $441.2 million, indicating the balance sheet still has a substantial equity cushion.

Depreciation remains a major non-cash expense at $17.8 million in Q1 2026, which is consistent with Marcus’s asset-heavy business model.
The company still carries a lot of long-term assets tied to properties and venues, with net PP&E of $689.8 million out of $992.1 million in total assets.
Shares outstanding have been fairly stable around 30.7 million, so EPS changes are being driven mostly by operating performance rather than large dilution.

Q1 2026 net income was a loss of $15.4 million, versus a profit of $5.9 million in Q4 2025 and a loss of $16.8 million in Q1 2025.
Operating income turned sharply negative in Q1 2026 at a loss of $19.3 million, compared with a profit of $1.7 million in Q4 2025.
Operating cash flow was negative in Q1 2026 at $(15.2) million, a notable deterioration from the strong cash generation seen in the prior quarter.
Cash declined quarter over quarter, with net cash and equivalents falling to $11.2 million from $7.4 million in Q3 2025 and down from $14.9 million in Q2 2025.
Debt remains a major obligation, with $16.3 million of short-term debt and $174.1 million of long-term debt at quarter end, plus $8.0 million in capital lease obligations.
Interest expense is still heavy relative to operating profit, which makes earnings more vulnerable when the business softens.

Longer-term trend: Marcus has moved between profitable and loss-making quarters over the last several years, but the latest results show that profitability is still fragile and highly dependent on operating leverage. Revenue has generally recovered from the weaker 2023 period, yet margin pressure, high fixed costs, and debt service continue to weigh on the bottom line.

Bottom line for investors: Marcus is not in a collapse, but Q1 2026 was a clear step backward versus the prior quarter. The company has assets, equity, and the ability to generate cash in stronger quarters, but the current quarter highlights how quickly earnings and cash flow can swing negative when operating performance softens.

06/26/26 06:06 PM ETAI Generated. May Contain Errors.

Marcus Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Marcus' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Marcus' net income appears to be on a downward trend, with a most recent value of $12.69 million in 2025, falling from $23.64 million in 2015. The previous period was -$7.79 million in 2024. Find out what analysts predict for Marcus in the coming months.

Marcus' total operating income in 2025 was $17.06 million, based on the following breakdown:

Total Gross Profit: $334.09 million
Total Operating Expenses: $317.02 million

Over the last 10 years, Marcus' total revenue changed from $488.07 million in 2015 to $758.46 million in 2025, a change of 55.4%.

Marcus' total liabilities were at $557.15 million at the end of 2025, a 3.9% decrease from 2024, and a 20.4% increase since 2015.

In the past 10 years, Marcus' cash and equivalents has ranged from $0.00 in 2017 to $55.59 million in 2023, and is currently $23.45 million as of their latest financial filing in 2025.

Over the last 10 years, Marcus' book value per share changed from 12.50 in 2015 to 14.89 in 2025, a change of 19.1%.

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Financial statements for NYSE:MCS last updated on 6/17/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Marcus (MCS) Financials

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Marcus (MCS) Financials

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Marcus Financials - Frequently Asked Questions

When does Marcus' financial year end?

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How has Marcus' revenue changed over the last 10 years?

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How has Marcus' book value per share changed over the last 10 years?

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