| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 58 | — | 17.6x | Around median | |
Growth | 40 | 6.4% | 7.1% | Around median | |
Quality | 72 | 3.5% | 4.5% | Top tier | |
Safety | 19 | 12.8x | 2.6x | Bottom tier | |
Capital Return | 94 | — | 2.15% | Top tier | |
Momentum | 78 | -10.0% | 2.3% | Top tier | |
Sentiment | 73 | 5 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
AMC Entertainment Holdings operates a global network of movie theaters that includes AMC in the United States and ODEON in Europe, generating revenue from movie tickets, food and beverages, film-related merchandise, and other sources. The model relies on increasing attendance and spending per visitor, while shifting the mix toward higher-priced IMAX, Dolby Cinema, Prime, iSense, and XL auditoriums and leveraging loyalty and subscription programs; the number of U.S. households participating in AMC Stubs exceeded 40 million, and its members represented slightly more than 50% of U.S. guests in Q2 FY2026, while the number of A-List subscribers exceeded approximately 1.1 million and accounted for nearly 20% of U.S. attendance.
AMC recorded record revenue of approximately $1.6 billion in Q2 FY2026, up 14.2% year over year, a net loss of $11.4 million, and a loss per share of $0.02. Adjusted EBITDA reached a record $321.4 million, up 70%, and its margin increased from 13.6% to 20.1%, while the quarter generated free cash flow of $190.1 million. Theaters welcomed more than 71 million visitors, up 13.5%, while food, beverage, and merchandise revenue increased 15.3% and other revenue rose 16.1%.
Performance was broad-based geographically in Q2 FY2026; adjusted EBITDA in the United States increased 57.5% to $285.6 million, and in Europe it rose 337% to $35.8 million, with European attendance growth of 17.9%. However, annual profitability remained weak: FY2025 recorded revenue of $4.8 billion and a net loss of $632.4 million, while the latest twelve-month period showed revenue of $5.2 billion and a net loss of $554.1 million.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on AMC is neutral, with an average target of $2.5 and a broad range between $1.5 and $3.5; the average target is below the 52-week range high of $3.18, while the highest target slightly exceeds that high. No positive price-to-earnings multiple is available because net losses continue, so the stock's valuation depends more heavily on the sustainability of EBITDA and cash flow and improvement in financial leverage, balanced against the risks of share issuance and the dependence of results on the box office.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
AMC recorded revenue of approximately $1.6 billion in Q2 FY2026, up 14.2% year over year, representing the highest quarterly revenue in the company's history. Adjusted EBITDA reached $321.4 million, up 70%, and its margin increased to 20.1% from 13.6%. The company generated free cash flow of $190.1 million, but it continued to report a net loss of $11.4 million and a loss per share of $0.02.
In July 2026, AMC and ODEON had approximately 226 IMAX screens, 182 Dolby screens, and 193 XL screens, in addition to iSense, Prime, ScreenX, and 4DX auditoriums. Premium and enhanced auditoriums represented approximately 8% of total screens, but they generated more than 50% of total ticket revenue for The Odyssey during the weekend mentioned in the July 20, 2026 call. IMAX and Dolby auditoriums in the United States typically carry a price premium of $6 to $7, while the XL premium is approximately 10%, and management intends to add between 150 and 250 premium and large-format screens over two to four years.
AMC generated free cash flow of $190.1 million in Q2 FY2026, but management said it had not yet reached breakeven on a twelve-month basis. The company estimated that the domestic box office needs to reach approximately $10.4 billion for it to generate positive free cash flow on an annual basis. AMC also expects a positive working-capital impact in the second and fourth quarters and a negative impact in the first and third quarters of FY2026.
Unrestricted cash stood at $778 million at the end of Q2 FY2026, in addition to $42 million of restricted cash. The company refinanced $400 million of debt due in 2027 and extended its maturity by four years, while also stating that it does not expect material principal payments before 2029. Total debt declined by approximately $1.7 billion compared with the end of 2020, but leverage remained just below 6.5 times versus a long-term target of approximately 3 times.
More than 40 million U.S. households participated in AMC Stubs, and program members represented slightly more than 50% of AMC's total U.S. guests during Q2 FY2026. The number of A-List members exceeded approximately 1.1 million at the end of the quarter, more than double the number five years ago. A-List subscribers, who pay a monthly fee of between $24 and $30 before tax, accounted for nearly 20% of AMC's U.S. attendance during the same period.
AMC used share issuances during Q2 FY2026 to support liquidity and repay obligations, which dilutes existing shareholders. The company converted approximately $155.8 million of exchangeable debt into shares and completed a $150 million at-the-market offering program that raised more than $85 million during the quarter. It also executed a $200 million registered direct offering, then used part of the liquidity to redeem $125.5 million of notes on July 24, 2026.
