NCMI National CineMedia, Inc. - Common Stock

NASDAQ · Media · View on SEC EDGAR ↗
$2.59
Price · Aug 19, 2026
Fundamentals as of Aug 11, 2026

About National CineMedia, Inc. - Common Stock Company overview from Wikipedia

National CineMedia, Inc. (NCM) is an American cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater network, consisting of theaters owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and other regional theater circuits.

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National CineMedia, Inc. (NCM) is an American cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater network, consisting of theaters owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and other regional theater circuits.

The publicly traded National CineMedia, Inc. owns 48.8% and is the managing partner of NCM. Regal's parent company Cineworld and Cinemark and hold the remainder of NCM shares. In May 2014, Screenvision entered into a merger agreement with NCM for US$375 million. The merger was blocked by the Department of Justice over antitrust concerns, since Screenvision and NCM together would supply advertising to 34,000 of the nation's 39,000 movie theaters. In March 2015, Screenvision and NCM terminated their deal and NCM paid Screenvision a $26.8 million termination payment.

The company is perhaps best known to the general public for its advertising pre-show, Noovie.

On April 11, 2023, the company filed for Chapter 11 bankruptcy.

FirstLook

FirstLook (2006–2017) was NCM's pre-feature programming. FirstLook consisted of pre-show advertising and entertainment, provided by content partners such as ABC Networks, A&E Television Networks, Amazon, Disney, Fandango, Google, Hulu, Microsoft, NBC, Nintendo and Turner Broadcasting System interspersed with advertising. The program was approximately 20 minutes, and was timed to end exactly at the movie's start time, before any trailers.

FirstLook was the successor to Regal's The 2wenty preshow, introduced to that chain in 2003. FirstLook carried largely that same format, the main difference being that while 2wenty was Regal-exclusive, FirstLook was fed to founding members circuits AMC, Cinemark, and Regal, as well as many NCM affiliate circuits such as Goodrich Quality Theaters, Hollywood Theaters, and Kerasotes. It was also a successor to AMC's MovieWatcher Network.

Several different versions were provided depending on the movie's MPAA rating or format; G- or PG-rated family films often featured FirstLook Play, while 3D films featured a second segment, FirstLook 3D.

Movie Night Out

Movie Night Out is an application for iOS and Android platforms, published by National CineMedia in 2010. The application allows users to organize an evening film viewing at a theatre as well as activities before and after the movie, such as dinner, coffee, dessert and shopping using a local data feed from Citysearch APIs.

Noovie

In September 2017, NCM introduced a new pre-show known as Noovie; the new show includes new segments such as trivia games and augmented reality games via the Noovie ARCade mobile app, and new feature segments such as "Noovie Backlot" (which features behind-the-scenes content on upcoming films; the first partner for the segments was Walt Disney Studios, who featured segments focusing on its own upcoming films), and "Noovie Soundstage" (which featured filmed concert performances in partnership with Sony Music's content studio Rumble Yard. Noovie was designed as a multi-platform brand, with an accompanying website and social media outlets for film industry news.

Noovie was re-launched in December 2021 with new segments designed to make the show "more holistic".

Fathom Events

Fathom Events, formerly known as NCM Fathom, was a division of National CineMedia that offered alternative entertainment events in movie theaters. In December 2013, it was announced that NCM was restructuring Fathom Events as a new stand-alone entity owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and NCM, with NCM retaining a 4% stake in the company.

Past entertainment events have included:

Metropolitan Opera live from New York City

Live concerts (rock, pop, musical theater and others)

Live sporting events (boxing, UFC, international soccer tournaments and others)

Various films courtesy of Turner Classic Movies

Live town halls and other original programming

Filmed Broadway Musicals (e.g. Memphis: Direct from Broadway, Disney's Newsies: The Broadway Musical)

National Theatre Live: filmed plays from the National Theatre in London

Anime films (e.g. Mary and the Witch's Flower)

Children's films

NCM Digital

The NCM Digital offers 360-degree integrated marketing programs in combination with cinema, encompassing thousands of entertainment-related web sites and hundreds of mobile applications.

Fantasy Movie League

In May 2017, NCM acquired Fantasy Movie League, a fantasy movie league where players have $1,000 a week to spend and try to pick a combination of films that are currently out that week that would lead to the most money the films made that weekend at the box office.

Since the purchase, it has also been promoted during Noovie.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

NCMI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$2.58
Market Cap
$241M
P/E (TTM)
-23.5
EPS (TTM)
$-0.11
Revenue (TTM)
$243M
Div Yield
4.7%
ROE
-2.7%
Debt/Equity
0.0
52W Range
$2 – $5

NCMI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $243M
6-point trend, +169.0%
2020-12-31 2026-01-01
EPS $-0.11
10-point trend, -120.4%
2016-12-29 2026-01-01
Free Cash Flow $3M
8-point trend, -97.7%
2016-12-29 2026-01-01
Margins -4.4%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
NCMI
Peer Median
P/E (TTM)
5-point trend, +21.6%
-23.5
97.5
P/S (TTM)
5-point trend, -92.3%
1.0
0.5
P/B
5-point trend, +123.0%
0.6
1.4
EV / EBITDA
5-point trend, +47.7%
-15.7
Price / FCF
5-point trend, +690.2%
86.2

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
NCMI
Peer Median
Operating Margin
5-point trend, +90.4%
-5.7%
Net Profit Margin
5-point trend, +89.7%
-4.4%
-8.8%
ROA
5-point trend, +65.0%
-2.0%
-6.3%
ROE
5-point trend, -127.7%
-2.7%
-11.3%
ROIC
5-point trend, +70.0%
-3.6%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
NCMI
Peer Median
Debt / Equity
5-point trend, +101.5%
0.0
0.0
Current Ratio
5-point trend, -2.0%
2.2
1.2
Quick Ratio
5-point trend, -4.6%
2.1

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
NCMI
Peer Median
Revenue YoY
5-point trend, +112.2%
1.0%
Revenue CAGR 3Y
5-point trend, +112.2%
-0.81%
Revenue CAGR 5Y
5-point trend, +112.2%
21.9%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
NCMI
Peer Median
EPS (Diluted)
5-point trend, +82.0%
$-0.11

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
NCMI
Peer Median
Payout Ratio
5-point trend, -209.9%
-107.5%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
4.7%
Payout Ratio
-107.5%
5Y Div CAGR
Ex-dateAmount
May 22, 2026$0.0300
March 9, 2026$0.0300
Nov. 10, 2025$0.0300
Aug. 15, 2025$0.0300
May 16, 2025$0.0300
March 24, 2025$0.0300
Aug. 19, 2022$0.3000
May 20, 2022$0.3000
March 16, 2022$0.5000
Nov. 19, 2021$0.5000
Aug. 20, 2021$0.5000
May 20, 2021$0.5000
March 19, 2021$0.5000
Nov. 13, 2020$0.7000
Aug. 14, 2020$0.7000
May 15, 2020$0.7000
March 2, 2020$1.9000
Nov. 13, 2019$1.7000
Aug. 14, 2019$1.7000
May 15, 2019$1.7000

NCMI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 11 analysts
  • Strong Buy 4 36.4%
  • Buy 5 45.5%
  • Hold 2 18.2%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

4 analysts · 2026-08-19
Median target $4.62 +78.9%
Mean target $4.81 +86.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.01%
Period EPS Actual EPS Est Surprise
March 31, 2026 $-0.31 $-0.26 -0.05%
Dec. 31, 2025 $0.31 $0.26 0.06%
Sept. 30, 2025 $0.02 $-0.03 0.05%
June 30, 2025 $-0.11 $-0.10 -0.01%
March 31, 2025 $-0.32 $-0.21 -0.11%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
NCMI $363M -35.4 1.0% -4.4% -2.7%
BOC -30.9 5.6%
ADV $287M -1.7 -0.66% -6.4% -36.8%
TTGT $390M -0.4 70.9% -207.1% -159.6% 60.2%
FLNT -2.3 -18.0%
SCOR $97M 1.5 0.40% -2.8% -22.3%
THRY $265M 605.0 -4.8% 0.04% 0.14% 67.9%
MCHX -13.8 -5.6%
GOAI 82.6% 47.7% 102.4%
CREX $27M -4.4 12.5% -14.5% -32.5% 44.9%
OMC $25.28B -299.1 10.1% -0.32% -0.67%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 15
Annual Income Statement data for NCMI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 8-point trend, -38.3% $243M $241M $165M $249M $115M $90M · · · · $446M $394M
Cost of Revenue 3-point trend, +22.6% $13M $14M $11M · · · · · · · · ·
R&D Expense 12-point trend, +82.4% $3M $3M $3M $5M $2M $2M $4M $2M $4M $3M $2M $2M
SG&A Expense 12-point trend, +56.3% $46M $51M $57M $44M $36M $31M $44M $48M $38M $44M $39M $30M
Operating Expenses 12-point trend, +6.1% $257M $260M $192M $242M $183M $151M $284M $287M $272M $275M $298M $242M
Operating Income 12-point trend, -109.2% $-14M $-20M $-27M $7M $-69M $-61M $161M $154M $154M $173M $148M $152M
Other Non-op 12-point trend, +100.8% $600.0K $1M $100.0K $700.0K $100.0K $-200.0K $400.0K $200.0K $300.0K $0 $-200.0K $-76M
Pretax Income 12-point trend, -114.0% $-11M $-22M $697M $-66M $-118M $36M $99M $104M $295M $109M $79M $76M
Income Tax 12-point trend, -100.0% $0 $200.0K $0 $0 $0 $162M $12M $24M $180M $14M $20M $10M
Net Income 12-point trend, -179.1% $-11M $-22M $705M $-29M $-49M $-65M $36M $30M $58M $33M $11M $13M
EPS (Basic) 12-point trend, -147.8% $-0.11 $-0.23 $14.73 $-3.50 $-0.61 $-0.84 $0.47 $0.39 $0.89 $0.55 $0.19 $0.23
EPS (Diluted) 12-point trend, -147.8% $-0.11 $-0.23 $14.34 $-3.50 $-0.61 $-0.84 $0.46 $0.37 $0.48 $0.54 $0.19 $0.23
Shares (Basic) 12-point trend, +60.4% 94,182,400 95,865,998 47,882,944 8,196,801 79,867,332 77,955,675 77,345,577 76,859,087 65,226,817 59,788,026 58,979,508 58,709,534
Shares (Diluted) 12-point trend, +59.6% 94,182,400 95,865,998 48,574,583 8,196,801 79,867,332 77,955,675 77,782,567 157,403,910 151,067,270 60,605,570 59,589,299 59,005,320
EBITDA 10-point trend, -109.2% $-14M $-20M $-27M $7M $-69M $-61M · $154M · $173M $148M $152M
Balance Sheet 29
Annual Balance Sheet data for NCMI
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +158.2% $35M $75M $35M $62M $101M $180M $56M $41M $30M $23M $32M $13M
Short-term Investments 11-point trend, -99.5% · $100.0K $0 $700.0K $300.0K $300.0K $18M $24M $13M $26M $13M $22M
Receivables 12-point trend, -17.2% $96M $85M $97M $92M $53M $16M $171M $150M $161M $160M $149M $116M
Prepaid Expense 12-point trend, +11.1% $4M $4M $4M $8M $4M $3M $4M $4M $4M $3M $3M $4M
Other Current Assets 8-point trend, +1233.3% · · · $4M $4M $3M $4M $4M $4M $400.0K $300.0K ·
Current Assets 12-point trend, -19.9% $138M $178M $144M $164M $158M $200M $254M $231M $213M $221M $204M $172M
PP&E (Net) 12-point trend, -13.4% $19M $16M $16M $13M $21M $28M $33M $34M $31M $30M $25M $22M
Accum. Depreciation 12-point trend, -88.5% $8M $5M $2M $55M $60M $78M $71M $62M $70M $64M $64M $73M
Goodwill 2-point trend, +500000.00 $500.0K $0 · · · · · · · · · ·
Intangibles 12-point trend, -36.8% $309M $351M $394M $351M $606M $628M $644M $684M $717M $560M $567M $489M
Other Non-current Assets 12-point trend, +2400.0% $15M $18M $11M $24M $25M $26M $24M $700.0K $2M $700.0K $500.0K $600.0K
Total Assets 12-point trend, -50.5% $491M $569M $568M $792M $817M $886M $1.13B $1.14B $1.17B $1.14B $1.07B $991M
Accounts Payable 12-point trend, +96.2% $26M $23M $22M $25M $16M $14M $21M $18M $19M $17M $15M $13M
Accrued Liabilities 12-point trend, -90.1% $2M $2M $2M $18M $13M $19M $22M $22M $20M $20M $20M $19M
Short-term Debt 7-point trend, +0.00 · · $0 $1.12B $3M $3M $3M $3M $0 · · ·
Current Liabilities 12-point trend, -42.1% $62M $74M $58M $1.20B $70M $50M $120M $110M $110M $121M $125M $107M
Capital Leases 4-point trend, -48.3% $9M $12M $5M $18M · · · · · · · ·
Deferred Tax 3-point trend, -10.9% · · · · · · · · · $48M $50M $54M
Other Non-current Liabilities 9-point trend, -55.0% $900.0K $2M $5M $18M $20M $23M $24M $4M $2M · · ·
Total Liabilities 12-point trend, -90.4% $115M $157M $133M $1.26B $1.20B $1.15B $1.25B $1.23B $1.25B $1.26B $1.25B $1.20B
Long-term Debt 9-point trend, -98.9% · · $10M $1.12B $1.10B $1.05B $927M $924M $923M · $936M $892M
Total Debt 10-point trend, -98.7% $12M $10M $10M $2.24B $1.10B $1.05B · $926M · $924M $936M $892M
Common Stock 12-point trend, +316.7% $2M $2M $3M $1M $800.0K $800.0K $800.0K $800.0K $800.0K $600.0K $600.0K $600.0K
Paid-in Capital · · · · · · · · · · · $-261M
Retained Earnings 12-point trend, +238.2% $236M $281M $317M $-370M $-332M $-266M $-171M $-154M $-130M $-248M $-186M $-171M
AOCI · · · · · · · · · · · $-400.0K
Stockholders' Equity 12-point trend, +192.0% $375M $411M $434M $-515M $-527M $-473M $-380M $-368M $-362M $-358M $-407M $-408M
Liabilities + Equity 12-point trend, -50.5% $491M $569M $568M $792M $817M $886M $1.13B $1.14B $1.17B $1.14B $1.07B $991M
Shares Outstanding 12-point trend, +58.9% 93,353,604 95,755,491 96,837,039 12,840,264 8,062,689 78,040,818 77,568,986 76,976,398 76,242,222 59,874,412 59,239,154 58,750,926
Cash Flow 15
Annual Cash Flow data for NCMI
Metric Trend 202520242023202220212020201920182017201620152014
D&A 9-point trend, -79.9% · · · $6M $11M $13M $14M $13M $11M $36M $32M $32M
Stock-based Comp 12-point trend, +20.8% $9M $12M $4M $7M $8M $2M $6M $8M $11M $18M $15M $8M
Deferred Tax 11-point trend, -100.0% $0 $0 $0 · $0 $162M $12M $23M $182M $17M $14M $13M
Amort. of Intangibles 12-point trend, +61.7% $33M $38M $22M $25M $25M $25M $27M $27M $27M $27M $23M $21M
Operating Cash Flow 12-point trend, -92.9% $8M $60M $-7M $-47M $-95M $55M $144M $150M $139M $134M $105M $118M
CapEx 12-point trend, -35.6% $6M $6M $3M $3M $6M $8M $14M $14M $12M $13M $13M $9M
Investing Cash Flow 3-point trend, -147.2% $-15M $-6M $33M · · · · · · · · ·
Net Debt Issued 2-point trend, +100.0% · · $0 · · · · $-14M · · · ·
Stock Repurchased 3-point trend, +22000000.00 $22M $13M $0 · · · · · · · · ·
Net Stock Activity 2-point trend, -67.9% $-22M $-13M · · · · · · · · · ·
Dividends Paid 12-point trend, -85.9% $11M $300.0K $500.0K $10M $17M $32M $54M $54M $59M $55M $52M $81M
Financing Cash Flow 3-point trend, +35.7% $-34M $-14M $-52M · · · · · · · · ·
Net Change in Cash 12-point trend, +1.9% $-40M $40M $-26M $-37M $-79M $124M $14M $11M $7M $-9M $18M $-41M
Taxes Paid 12-point trend, +100.0% $0 $100.0K $0 $100.0K $-100.0K $500.0K $100.0K $300.0K $-2M $500.0K $-3M $-5M
Free Cash Flow 10-point trend, -97.4% $3M $54M $-10M $-50M $-101M $47M · $136M · $121M $93M $109M
Profitability 7
Annual Profitability data for NCMI
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 7-point trend, -114.9% -5.7% -8.1% -16.5% 2.8% -59.9% · · · · · 33.1% 38.5%
Net Margin 7-point trend, -228.2% -4.4% -9.3% 426.9% -11.5% -42.5% · · · · · 3.5% 3.4%
Pretax Margin 7-point trend, -122.8% -4.4% -9.2% 421.7% -26.6% -103.3% · · · · · 18.2% 19.2%
EBITDA Margin 7-point trend, -114.9% -5.7% -8.1% -16.5% 2.8% -59.9% · · · · · 33.1% 38.5%
ROA 10-point trend, -253.8% -2.0% -3.9% 103.7% -3.6% -5.7% -6.5% · 2.6% · 2.4% 1.5% 1.3%
ROE 10-point trend, +23.1% -2.7% -5.3% -1745.5% 5.5% 9.7% 15.3% · -8.2% · -6.1% -3.8% -3.5%
ROIC 10-point trend, -113.2% -3.6% -4.7% -6.1% 0.40% -11.9% 36.9% · 21.4% · 31.2% 21.9% 27.2%
Liquidity & Solvency 4
Annual Liquidity & Solvency data for NCMI
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 10-point trend, +38.3% 2.2 2.4 2.5 0.1 2.3 4.0 · 2.1 · 1.8 1.7 1.6
Quick Ratio 10-point trend, +49.3% 2.1 2.2 2.2 0.1 2.2 3.9 · 1.9 · 1.7 1.5 1.4
Debt / Equity 10-point trend, +101.5% 0.0 0.0 0.0 -4.4 -2.1 -2.2 · -2.5 · -2.2 -2.3 -2.2
LT Debt / Equity 10-point trend, +101.5% 0.0 0.0 0.0 0.0 -2.1 -2.2 · -2.5 · -2.2 -2.3 -2.2
Efficiency 2
Annual Efficiency data for NCMI
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 7-point trend, +20.0% 0.5 0.4 0.2 0.3 0.1 · · · · · 0.4 0.4
Receivables Turnover 7-point trend, -19.6% 2.7 2.6 1.8 3.4 3.3 · · · · · 3.4 3.3
Per Share 6
Annual Per Share data for NCMI
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 10-point trend, +157.9% $4.02 $4.29 $4.49 $-4.01 $-6.53 $-6.06 · $-4.78 · $-7.06 $-6.87 $-6.95
Revenue / Share 7-point trend, -61.3% $2.58 $2.51 $3.40 $3.04 $1.43 · · · · · $7.49 $6.68
Cash Flow / Share 10-point trend, -95.5% $0.09 $0.63 $-0.14 $-0.58 $-1.19 $0.71 · $0.95 · $2.20 $1.77 $2.00
Cash / Share 10-point trend, +62.5% $0.37 $0.78 $0.36 $0.48 $1.26 $2.31 · $0.54 · $0.38 $0.54 $0.23
Dividend / Share 10-point trend, -91.3% $0 · · $0 $0 $0 $1 $1 $1 $1 $1 $1
EPS (TTM) 12-point trend, -147.8% $-0.11 $-0.23 $14.34 $-3.50 $-0.61 $-0.84 $0.46 $0.37 $0.48 $0.54 $0.19 $0.23
Growth Rates 4
Annual Growth Rates data for NCMI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -96.3% 1.0% 45.8% -33.7% 117.5% 26.8% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -103.6% -0.81% 28.1% 22.3% · · · · · · · · ·
Revenue CAGR 5Y 21.9% · · · · · · · · · · ·
Dividend CAGR 5Y -18.6% · · · · · · · · · · ·
Valuation (TTM) 17
Annual Valuation (TTM) data for NCMI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, -38.3% $243M $241M $165M $249M $115M $90M $445M $441M $426M $448M $446M $394M
Net Income TTM 12-point trend, -179.1% $-11M $-22M $705M $-29M $-49M $-65M $36M $30M $58M $33M $11M $13M
Market Cap 10-point trend, -95.7% $363M $645M $418M $308M $2.22B $2.90B · $4.85B · $8.77B $9.31B $8.44B
Enterprise Value 10-point trend, -96.3% $341M $580M $394M $2.49B $3.22B $3.78B · $5.71B · $9.64B $10.20B $9.30B
P/E 12-point trend, -105.7% -35.4 -29.3 0.3 -0.7 -45.1 -44.3 157.0 170.3 141.2 271.1 826.8 624.8
P/S 10-point trend, -93.0% 1.5 2.7 2.5 1.2 19.3 32.1 · 11.0 · 19.6 20.8 21.4
P/B 10-point trend, +104.7% 1.0 1.6 1.0 -0.6 -4.2 -6.1 · -13.2 · -20.7 -22.9 -20.7
P / Tangible Book 3-point trend, -47.2% 5.5 10.7 10.4 · · · · · · · · ·
P / Cash Flow 10-point trend, -39.6% 43.2 10.7 -62.4 -6.5 -23.3 52.5 · 32.3 · 65.7 88.4 71.6
P / FCF 10-point trend, +67.8% 129.7 11.8 -41.8 -6.1 -22.0 61.4 · 35.6 · 72.7 100.4 77.3
EV / EBITDA 10-point trend, -140.0% -24.5 -29.8 -14.4 360.6 -46.9 -61.9 · 37.0 · 55.7 68.9 61.3
EV / FCF 10-point trend, +42.8% 121.6 10.6 -39.4 -49.6 -31.9 79.9 · 42.0 · 79.9 110.0 85.2
EV / Revenue 10-point trend, -94.1% 1.4 2.4 2.4 10.0 28.1 41.8 · 12.9 · 21.5 22.8 23.6
Dividend Yield 10-point trend, +227.1% 3.1% 0.05% 0.12% 3.1% 0.76% 1.1% · 1.1% · 0.62% 0.56% 0.96%
Earnings Yield 12-point trend, -1868.8% -2.8% -3.4% 331.9% -145.8% -2.2% -2.3% 0.64% 0.59% 0.71% 0.37% 0.12% 0.16%
Payout Ratio 10-point trend, -117.8% -107.5% -1.4% 0.07% -33.1% -34.7% -48.9% · 182.5% · 215.0% 339.6% 604.5%
Annual Payout 12-point trend, -85.9% $11M $300.0K $500.0K $10M $17M $32M $54M $54M $59M $55M $52M $81M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2026-01-012024-12-262023-12-282022-12-292021-12-30
Revenue $243M$241M$165M$249M$115M
Operating Margin % -5.7%-8.1%-16.5%2.8%-59.9%
Net Income $-11M$-22M$705M$-29M$-49M
Diluted EPS $-0.11$-0.23$14.34$-3.50$-0.61
Balance Sheet
2026-01-012024-12-262023-12-282022-12-292021-12-30
Debt / Equity 0.00.00.0-4.4-2.1
Current Ratio 2.22.42.50.12.3
Quick Ratio 2.12.22.20.12.2
Cash Flow
2026-01-012024-12-262023-12-282022-12-292021-12-30
Free Cash Flow $3M$54M$-10M$-50M$-101M

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Institutional owners (13F) 111 filers · $230.1M total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
22 (+2 vs prior Q) 12 (-5 vs prior Q) 33 (-1 vs prior Q) 29 (-1 vs prior Q) +4.6M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
Blantyre Capital Ltd $103,149,628 27,144,639 44.84% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $35,914,153 9,451,093 15.61% Shares
VANGUARD CAPITAL MANAGEMENT LLC $12,241,214 3,221,372 5.32% Shares
WELLINGTON MANAGEMENT GROUP LLP $9,884,587 2,601,207 4.30% Shares
Luxor Capital Group, LP $7,450,508 1,960,660 3.24% Shares
GEODE CAPITAL MANAGEMENT, LLC $6,853,700 1,803,090 2.98% Shares
DIMENSIONAL FUND ADVISORS LP $6,846,905 1,801,817 2.98% Shares
Glendon Capital Management LP $6,379,831 1,678,903 2.77% Shares
STATE STREET CORP $6,036,809 1,588,634 2.62% Shares
WHITEBOX ADVISORS LLC $5,099,919 1,342,084 2.22% Shares
EVR Research LP $4,408,000 1,160,000 1.92% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $2,522,600 663,842 1.10% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $2,466,185 648,996 1.07% Shares
CONTRARIAN CAPITAL MANAGEMENT, L.L.C. $2,265,678 596,231 0.98% Shares
VANGUARD FIDUCIARY TRUST CO $2,238,481 589,074 0.97% Shares
Bank of New York Mellon Corp $2,170,830 571,271 0.94% Shares
GOLDMAN SACHS GROUP INC $1,555,264 409,280 0.68% Shares
First Eagle Investment Management, LLC $1,306,113 343,714 0.57% Shares
MARSHALL WACE, LLP $1,086,165 285,833 0.47% Shares
Pacific Ridge Capital Partners, LLC $1,079,762 284,148 0.47% Shares
AMERIPRISE FINANCIAL INC $896,667 235,965 0.39% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $802,180 211,100 0.35% Shares
CITADEL ADVISORS LLC $561,640 147,800 0.24% Shares
TUDOR INVESTMENT CORP ET AL $556,974 146,572 0.24% Shares
AMERICAN CENTURY COMPANIES INC $460,210 121,108 0.20% Shares
SEI INVESTMENTS CO $371,807 97,844 0.16% Shares
XTX Topco Ltd $350,079 92,126 0.15% Shares
Orbis Allan Gray Ltd $341,620 89,900 0.15% Shares
RHUMBLINE ADVISERS $318,698 83,869 0.14% Shares
MORGAN STANLEY $314,708 82,818 0.14% Shares
VOYA INVESTMENT MANAGEMENT LLC $294,907 77,607 0.13% Shares
BANK OF AMERICA CORP /DE/ $251,453 66,172 0.11% Shares
DEUTSCHE BANK AG\ $247,391 65,103 0.11% Shares
Hill Investment Group Partners, LLC $222,585 58,575 0.10% Shares
WELLS FARGO & COMPANY/MN $212,352 55,882 0.09% Shares
EntryPoint Capital, LLC $211,364 55,622 0.09% Shares
MetLife Investment Management, LLC $144,134 37,930 0.06% Shares
STATE OF WISCONSIN INVESTMENT BOARD $143,241 37,695 0.06% Shares
VANGUARD GROUP INC $140,363 36,083 0.06% Shares
Vanguard Global Advisers, LLC $137,115 36,083 0.06% Shares
JPMORGAN CHASE & CO $135,015 35,437 0.06% Shares
PINNACLE ASSOCIATES LTD $129,987 34,207 0.06% Shares
BlackRock, Inc. $129,572 34,098 0.06% Shares
Vident Advisory, LLC $125,514 33,030 0.05% Shares
ExodusPoint Capital Management, LP $118,252 31,119 0.05% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $116,759 30,726 0.05% Shares
CITIGROUP INC $102,216 26,899 0.04% Shares
ALLIANCEBERNSTEIN L.P. $91,378 29,960 0.04% Shares
Invesco Ltd. $89,300 23,500 0.04% Shares
Nuveen Asset Management, LLC $86,559 13,036 0.04% Shares
FMR LLC $73,393 19,314 0.03% Shares
Police & Firemen's Retirement System of New Jersey $69,308 18,239 0.03% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $68,210 17,950 0.03% Shares
OXFORD ASSET MANAGEMENT LLP $63,969 16,834 0.03% Shares
Sequoia Financial Advisors, LLC $59,923 15,769 0.03% Shares
UBS Group AG $59,500 15,658 0.03% Shares
INTECH INVESTMENT MANAGEMENT LLC $56,597 14,894 0.02% Shares
Nuveen, LLC $49,537 13,036 0.02% Shares
TWO SIGMA SECURITIES, LLC $49,263 12,964 0.02% Shares
Abel Hall, LLC $46,770 12,308 0.02% Shares
JMN Financial LLC $45,896 12,078 0.02% Shares
NORTHERN TRUST CORP $37,384 9,838 0.02% Shares
BNP PARIBAS FINANCIAL MARKETS $36,210 9,529 0.02% Shares
NEW YORK STATE COMMON RETIREMENT FUND $33,820 8,900 0.01% Shares
BARCLAYS PLC $31,049 8,171 0.01% Shares
JONES FINANCIAL COMPANIES LLLP $30,128 8,034 0.01% Shares
Ameritas Investment Partners, Inc. $26,387 6,944 0.01% Shares
Legal & General Group Plc $22,960 6,042 0.01% Shares
Tower Research Capital LLC (TRC) $20,999 5,526 0.01% Shares
NISA INVESTMENT ADVISORS, LLC $16,769 4,413 0.01% Shares
Russell Investments Group, Ltd. $15,652 4,119 0.01% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $10,943 3,588 0.00% Shares
MERCER GLOBAL ADVISORS INC /ADV $8,037 2,115 0.00% Shares
ROYAL BANK OF CANADA $7,000 1,954 0.00% Shares
CWM, LLC $6,792 2,227 0.00% Shares
SIGNATUREFD, LLC $5,464 1,438 0.00% Shares
Sterling Capital Management LLC $5,111 1,345 0.00% Shares
GAMMA Investing LLC $3,747 986 0.00% Shares
Creative Planning $3,454 909 0.00% Shares
OSAIC HOLDINGS, INC. $3,230 850 0.00% Shares
Optiver Holding B.V. $2,827 744 0.00% Shares
Global Retirement Partners, LLC $2,322 611 0.00% Shares
PNC Financial Services Group, Inc. $2,158 568 0.00% Shares
Arax Advisory Partners $2,086 549 0.00% Shares
AQR CAPITAL MANAGEMENT LLC $1,949 513 0.00% Shares
Lindbrook Capital, LLC $1,921 329 0.00% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $1,665 546 0.00% Shares
SIMPLEX TRADING, LLC $1,493 393 0.00% Shares
SBI Securities Co., Ltd. $1,490 392 0.00% Shares
HARBOR CAPITAL ADVISORS, INC. $1,211 318,715 0.00% Shares
Allworth Financial LP $1,091 287 0.00% Shares
Essential Partners LLC $752 198 0.00% Shares
True Wealth Design, LLC $658 173 0.00% Shares
COMERICA BANK $619 159 0.00% Shares
Integrated Wealth Concepts LLC $443 117 0.00% Shares
US BANCORP \DE\ $437 115 0.00% Shares
South Dakota Investment Council $369 97,161 0.00% Shares
ROTHSCHILD INVESTMENT LLC $296 78 0.00% Shares
SJS Investment Consulting Inc. $221 58 0.00% Shares
PRICE T ROWE ASSOCIATES INC /MD/ $199 52,321 0.00% Shares

Company insiders 36 insiders · 4 officers · 10 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Thomas F. Lesinski Chief Executive Officer July 31, 2026 M 550,661 0 10 $-1,581,297
Ronnie Y. Ng Chief Financial Officer Aug. 3, 2026 S 204,095 0 8 $-590,907
Catherine Sullivan President - Sales & Marketing Oct. 3, 2025 S 25,737 0 2 $-11,311
Maria Vg Woods Chief Legal Officer June 30, 2026 M 163,162 0 6 $-189,376
David Edward Glazek Director Aug. 14, 2026 A 111,720 0 0 $0
Juliana F Hill Director May 7, 2026 A 58,575 0 0 $0
Nicholas Bell Director Feb. 27, 2026 M 69,186 0 0 $0
Kotzman Kelly Campbell Director Feb. 27, 2026 M 14,026 0 0 $0
Joe Marchese Director Feb. 27, 2026 M 70,875 0 0 $0
Nathan Lane Director May 1, 2025 M 19,067 0 0 $0
Jean-Philippe Maheu Director March 14, 2025 A 30,934 0 0 $0
Bernadette S. Aulestia Director March 14, 2025 A 30,934 0 0 $0
Lauren Zalaznick Director March 14, 2025 A 36,945 0 0 $0
Scott D Felenstein Feb. 26, 2024 M 35,301 0 0 $0
Donna Reisman Feb. 23, 2023 M 108,626 0 0 $0
Mark Zoradi Feb. 23, 2023 M 53,571 0 0 $0
Lawrence A Goodman Feb. 23, 2023 M 181,397 0 0 $0
Kurt C Hall Feb. 23, 2023 M 808,712 0 0 $0
Mark B Segall Feb. 23, 2023 M 85,530 0 0 $0
Julie L. Patterson July 30, 2021 M 44,399 0 0 $0
Sarah Kinnick Hilty April 30, 2021 M 93,190 0 0 $0
Clifford E Marks April 30, 2021 M 368,011 0 0 $0
Katherine Lee Scherping Feb. 24, 2020 D 147,549 0 0 $0
David R Haas Feb. 23, 2020 M 99,993 0 0 $0
Andrew P. Glaze Aug. 1, 2019 A 0 0 $0
Alfonso P Rosabal Jr Feb. 24, 2014 F 114,116 0 0 $0
David J Oddo Feb. 24, 2014 F 29,553 0 0 $0
Ralph E Hardy Feb. 24, 2014 F 108,798 0 0 $0
Stephen L Lanning Feb. 15, 2014 M 7,176 0 0 $0
Scott N Schneider Feb. 15, 2014 M 33,873 0 0 $0
James R Holland JR Feb. 15, 2014 M 33,873 0 0 $0
Jeffrey T Cabot Jan. 16, 2014 F 35,865 0 0 $0
Earl B Weihe Aug. 23, 2013 M 88,121 0 0 $0
Edward H Meyer May 10, 2013 S 10,736 0 0 $0
Gary W Ferrera Feb. 25, 2013 F 125,323 0 0 $0
Thomas C Galley Sept. 18, 2009 S 53,475 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 4 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Mubashir Mukadam, Blantyre Mulanje II GP Limited, Blantyre Fund II (GP) Limited, Blantyre Fund III (GP) Limited, Blantyre Capital Limited, Blantyre Mulanje II DAC, BSSF II Ireland DAC, BSSF III DAC, Blantyre Mulanje III GP Limited, Blantyre Capital ICAV ×4 filings Sept. 29, 2025 29.00% Amendment Passive investment SEC
Standard General L.P., Soohyung Kim ×14 filings April 14, 2023 Initial filing SEC
Regal Entertainment Group, Cineworld Group plc ×13 filings Dec. 30, 2022 Initial filing Passive investment SEC
The Anschutz Corporation, Philip F. Anschutz April 19, 2018 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 26 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
EBIT · Harbor ETF Trust 0.11% 3,852 NS April 30, 2026 N-PORT
IWC · iShares Trust 0.06% 225,782 SH Aug. 8, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS 0.02% 58,085 SH Aug. 8, 2026 Daily
IWN · iShares Trust 0.02% 675,798 SH Aug. 8, 2026 Daily
DFSV · Dimensional ETF Trust 0.01% 296,452 NS April 30, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.01% 113,149 NS May 31, 2026 N-PORT
VTWO · VANGUARD SCOTTSDALE FUNDS 0.01% 382,616 SH Aug. 8, 2026 Daily
VOX · VANGUARD WORLD FUND 0.01% 218,131 SH Aug. 8, 2026 Daily
IWM · iShares Trust 0.01% 1,807,685 SH Aug. 8, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.01% 64,214 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.01% 28,919 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.01% 448,753 NS May 31, 2026 N-PORT
ITWO · ProShares Trust 0.01% 3,122 NS May 31, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.01% 207,441 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.00% 188,053 NS April 30, 2026 N-PORT
UWM · ProShares Trust 0.00% 2,441 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.00% 2,469 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 2,425 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 126,399 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.00% 62 NS May 31, 2026 N-PORT
ITOT · iShares Trust 0.00% 142,763 SH Aug. 8, 2026 Daily
IWV · iShares Trust 0.00% 24,793 SH Aug. 8, 2026 Daily
SCHB · SCHWAB STRATEGIC TRUST 0.00% 55,259 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 1,076,634 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 2,083,834 SH Aug. 8, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.00% 5,010 SH Aug. 8, 2026 Daily