Marcus (NYSE:MCS) Releases Earnings Results

Marcus (NYSE:MCS) posted its earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13), Zacks reports. The business had revenue of $193.50 million for the quarter, compared to analyst estimates of $185.19 million. Marcus had a return on equity of 1.71% and a net margin of 1.02%.

Here are the key takeaways from Marcus’ conference call:

• Consolidated Q4 revenue was $193.5M (+2.8%) with Adjusted EBITDA of $26.8M (+3.6%), but operating income was reduced by a $5.2M non‑cash theater impairment and full‑year Adjusted EBITDA declined 3.1% to $99.3M; an ~$7.6M historic tax credit boosted EPS but is excluded from Adjusted EBITDA.
• Theatres outperformed the U.S. box office by ~7.6 percentage points in Q4, driven by a favorable family film mix, a 12.7% increase in average ticket price and +7.2% concession per‑cap growth, while rollout of digital and point‑of‑sale initiatives (new queuing, QR ordering, revamped app/site) targets further per‑cap gains.
• Hotels delivered a record revenue and Adjusted EBITDA year — Q4 RevPAR rose 3.5% and ADR grew 5.6% as renovated properties captured higher leisure demand and outperformed competitive sets by ~2.7–5.5 percentage points.
• Balance sheet and capital allocation are conservative with >$230M liquidity, 26% debt‑to‑capital and 1.5x net leverage; management expects 2026 capex to step down to $50–55M, boosting free cash flow for opportunistic M&A and continued dividends/share repurchases.

Marcus Stock Performance

MCS stock traded up $0.44 on Friday, reaching $16.86. The company’s stock had a trading volume of 228,195 shares, compared to its average volume of 157,326. Marcus has a 52 week low of $12.85 and a 52 week high of $18.80. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $517.74 million, a P/E ratio of 70.25, a price-to-earnings-growth ratio of 2.28 and a beta of 0.61. The firm has a fifty day moving average of $15.59 and a two-hundred day moving average of $15.26.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, February 25th. Marcus’s dividend payout ratio (DPR) is presently 133.33%.

Marcus declared that its Board of Directors has initiated a stock buyback program on Friday, October 31st that allows the company to buyback 4,000,000 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Marcus News Roundup

Here are the key news stories impacting Marcus this week:

• Positive Sentiment: Revenue beat and box-office momentum — Marcus reported Q4 revenue above Street estimates and said Marcus Theatres led the industry in box office growth driven by price-optimization and a favorable film slate, supporting near-term top-line momentum. Marcus Corp (MCS) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Hotels division strength — Management said Marcus Hotels & Resorts delivered strong Q4 results and capped a record year for the division, which helps diversify revenue and cash generation beyond theatres. Marcus Corporation Reports Fourth Quarter and Full Year Fiscal 2025 Results
• Positive Sentiment: Disciplined 2026 capex plan — The company outlined a $50M–$55M capex plan for 2026 focused on strategic investments and maximizing free cash flow, which signals capital discipline and may reassure income-focused investors. Marcus Corporation outlines $50M–$55M capital spending plan for 2026
• Neutral Sentiment: Full earnings call available — Management commentary and transcript provide more color on pricing, film mix, and cost trends; useful for investors digging into guidance and margin drivers. Q4 2025 Earnings Call Transcript
• Negative Sentiment: EPS miss and weak profitability — The company reported a loss of $0.06/sh vs. a consensus $0.07 expectation and EPS declined vs. prior year; net margin (≈1.0%) and ROE remain low, which could temper enthusiasm despite revenue strength. Marcus Q4 results and press release

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MCS shares. Zacks Research downgraded Marcus from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Finally, Barrington Research dropped their price objective on Marcus from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Marcus currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MCS. Russell Investments Group Ltd. increased its holdings in shares of Marcus by 550.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after purchasing an additional 1,916 shares during the period. Tower Research Capital LLC TRC lifted its stake in Marcus by 60.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after acquiring an additional 937 shares during the last quarter. Meeder Asset Management Inc. grew its position in Marcus by 67.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after acquiring an additional 4,076 shares in the last quarter. HRT Financial LP acquired a new position in shares of Marcus during the 4th quarter worth $168,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Marcus during the 4th quarter valued at $170,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.