Marcus Corp Financials
Marcus Corp (MCS) reported $758.5M in revenue for fiscal year 2025, up 3.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Reported profit converts into operating cash, but capital intensity leaves this business with almost no residual free cash.
FY2025 operating cash flow of$84.2M comfortably exceeded net income of$12.7M , so the income statement was not overstating the cash engine. The constraint was reinvestment intensity: capex of$83.2M left only$989K of free cash flow, showing that depreciation is being replaced by real spending rather than remaining an accounting charge.
With operating margin at
The company has been deleveraging since FY2021, as total liabilities fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Marcus Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Marcus Corp has an operating margin of 2.3%, meaning the company retains $2 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is up from 2.2% the prior year.
Marcus Corp's revenue grew a modest 3.1% year-over-year to $758.5M. This slow but positive growth earns a score of 38/100.
Marcus Corp has a moderate D/E ratio of 0.35. This balance of debt and equity financing earns a leverage score of 36/100.
Marcus Corp's current ratio of 0.40 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Marcus Corp generated $84.2M in operating cash flow, capex of $83.2M consumed most of it, leaving $989K in free cash flow. This results in a low score of 39/100, reflecting heavy capital investment rather than weak cash generation.
Marcus Corp's ROE of 2.8% shows moderate profitability relative to equity, earning a score of 33/100. This is up from -1.7% the prior year.
Marcus Corp scores 2.04, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Marcus Corp passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Marcus Corp generates $6.63 in operating cash flow ($84.2M OCF vs $12.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Marcus Corp earns $1.49 in operating income for every $1 of interest expense ($17.1M vs $11.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Marcus Corp generated $758.5M in revenue in fiscal year 2025. This represents an increase of 3.1% from the prior year.
Marcus Corp's EBITDA was $87.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.7% from the prior year.
Marcus Corp reported $12.7M in net income in fiscal year 2025. This represents an increase of 263.0% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Marcus Corp generated $989K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 96.0% from the prior year.
Marcus Corp held $23.4M in cash against $159.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Marcus Corp's operating margin was 2.3% in fiscal year 2025, reflecting core business profitability. This is up 0.1 percentage points from the prior year.
Marcus Corp's net profit margin was 1.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.7 percentage points from the prior year.
Marcus Corp's ROE was 2.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.5 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Marcus Corp invested $83.2M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
MCS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $789.8M | $758.5M+3.1% | $735.6M+0.8% | $729.6M+7.7% | $677.4M+47.8% | $458.2M+92.8% | $237.7M-71.0% | $820.9M+16.1% | $707.1M+8.2% | $653.6M+13.8% | $574.3M+8.0% | $531.7M | $488.1M+9.0% | $447.9M+8.5% | $412.8M-0.3% | $413.9M |
| SG&A Expenses | $93.9M | $92.6M+4.1% | $89.0M+13.2% | $78.6M+5.1% | $74.8M+18.0% | $63.4M+24.1% | $51.0M-30.6% | $73.5M+1.9% | $72.1M+7.7% | $67.0M+7.8% | $62.1M+2.5% | $60.6M | $53.2M+14.2% | $46.6M+3.0% | $45.3M+3.3% | $43.8M |
| Operating Income | $32.3M | $17.1M+5.5% | $16.2M-52.3% | $33.9M+308.5% | $8.3M+120.0% | -$41.5M+76.8% | -$178.4M-361.7% | $68.2M-18.0% | $83.2M+7.6% | $77.3M+8.2% | $71.5M+17.1% | $61.0M | $50.6M+3.6% | $48.9M+27.9% | $38.2M-17.9% | $46.5M |
| Interest Expense | $11.0M | $11.5M+4.6% | $11.0M-13.7% | $12.7M-16.9% | $15.3M-18.2% | $18.7M+14.9% | $16.3M+38.0% | $11.8M-9.8% | $13.1M+8.1% | $12.1M+31.9% | $9.2M-8.6% | $10.0M | $9.9M-5.9% | $10.6M+13.3% | $9.3M+0.4% | $9.3M |
| Income Tax | $1.1M | -$4.0M-64.5% | -$2.4M-135.3% | $6.9M-3.9% | $7.1M+145.5% | -$15.7M+77.9% | -$70.9M-675.8% | $12.3M-6.1% | $13.1M+262.1% | $3.6M-84.2% | $23.0M+18.4% | $19.4M | $15.7M-6.7% | $16.8M+48.1% | $11.3M-22.8% | $14.7M |
| Net Income | $22.7M | $12.7M+263.0% | -$7.8M-152.6% | $14.8M+223.6% | -$12.0M+72.3% | -$43.3M+65.3% | -$124.8M-397.1% | $42.0M-21.3% | $53.4M-17.9% | $65.0M+71.5% | $37.9M+23.1% | $30.8M | $24.0M-4.0% | $25.0M+42.8% | $17.5M-23.0% | $22.7M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MCS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0B-2.9% | $1.0B-1.9% | $1.1B0.0% | $1.1B-10.4% | $1.2B-5.2% | $1.3B-7.7% | $1.4B+37.4% | $989.3M-2.8% | $1.0B+11.7% | $911.3M+13.2% | $804.7M | $805.5M+5.3% | $765.0M+2.5% | $746.7M+1.9% | $733.0M |
| Current Assets | $64.6M-29.9% | $92.2M-9.4% | $101.7M+59.2% | $63.9M-36.1% | $99.9M+47.4% | $67.8M-14.4% | $79.3M+15.0% | $68.9M-10.1% | $76.7M+112.3% | $36.1M-19.9% | $45.1M | $45.6M+24.3% | $36.7M+1.5% | $36.1M+7.4% | $33.6M |
| Cash & Equivalents | $23.4M-42.6% | $40.8M-26.5% | $55.6M+156.1% | $21.7M+22.9% | $17.7M+161.8% | $6.7M-67.7% | $20.9M+21.9% | $17.1M+5.3% | $16.2M+401.6% | $3.2M-51.5% | $6.7M | $5.9M-12.8% | $6.8M-33.3% | $10.2M+68.7% | $6.0M |
| Inventory | $7.0M+0.8% | $7.0M+17.9% | $5.9M+4.5% | $5.7M+15.2% | $4.9M+43.1% | $3.4M-39.5% | $5.7M+37.1% | $4.1M+1.9% | $4.1M-8.5% | $4.4M+68.0% | $2.6M | $2.5M+5.9% | $2.3M+3.7% | $2.2M-12.4% | $2.6M |
| Accounts Receivable | $7.0M+1.0% | $6.9M-9.6% | $7.6M+13.9% | $6.7M-25.3% | $9.0M+2117.5% | $405K-95.7% | $9.3M+9.2% | $8.5M-24.1% | $11.2M+77.1% | $6.3M+7.6% | $5.9M | $6.4M+26.7% | $5.0M+10.7% | $4.5M+8.3% | $4.2M |
| Goodwill | $75.0M0.0% | $75.0M0.0% | $75.0M0.0% | $75.0M-0.1% | $75.1M-0.1% | $75.2M-0.1% | $75.3M+74.4% | $43.2M-0.7% | $43.5M-0.6% | $43.7M-1.1% | $44.2M | $43.7M-0.3% | $43.9M-0.3% | $44.0M-0.3% | $44.1M |
| Total Liabilities | $557.2M-3.9% | $579.7M-2.4% | $593.9M-2.4% | $608.5M-17.2% | $734.7M-2.7% | $755.5M+2.4% | $737.8M+47.8% | $499.3M-12.8% | $572.8M+9.9% | $521.2M+18.1% | $441.3M | $456.5M+4.0% | $438.8M-0.3% | $440.0M+13.0% | $389.2M |
| Current Liabilities | $163.4M-7.5% | $176.7M+7.5% | $164.4M+5.1% | $156.4M-26.6% | $213.2M-1.9% | $217.4M+24.2% | $175.0M+17.2% | $149.3M-6.5% | $159.7M+22.2% | $130.7M+1.7% | $128.5M | $125.2M+22.8% | $102.0M+11.8% | $91.2M-46.7% | $171.3M |
| Long-Term Debt | $159.0M+6.7% | $149.0M-6.6% | $159.5M-6.2% | $170.0M-16.7% | $204.2M+5.8% | $193.0M-6.5% | $206.4M-9.8% | $228.9M-21.0% | $289.8M+6.8% | $271.3M+30.8% | $207.4M | $229.7M-1.7% | $233.6M+0.9% | $231.6M+117.9% | $106.3M |
| Total Equity | $457.4M-1.6% | $464.9M-1.3% | $471.2M+3.3% | $456.1M+0.5% | $453.6M-9.0% | $498.7M-19.7% | $621.4M+26.8% | $490.0M+10.1% | $445.0M+14.1% | $390.1M+7.4% | $363.4M | $349.0M+7.0% | $326.2M+6.4% | $306.7M-10.8% | $343.8M |
| Retained Earnings | $268.6M+1.3% | $265.0M-5.9% | $281.6M+2.7% | $274.3M-5.2% | $289.3M-12.8% | $331.9M-28.1% | $461.9M+5.2% | $439.2M+8.9% | $403.2M+14.8% | $351.2M+7.9% | $325.4M | $307.9M+4.6% | $294.3M+5.7% | $278.5M-6.1% | $296.6M |
MCS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $126.6M | $84.2M-19.0% | $103.9M+1.3% | $102.6M+10.1% | $93.2M+101.5% | $46.3M+167.5% | -$68.6M-148.5% | $141.5M+3.0% | $137.4M+26.0% | $109.0M+31.9% | $82.7M | N/A | $80.5M+21.1% | $66.4M+5.1% | $63.2M-8.4% | $69.0M |
| Capital Expenditures | $59.9M | $83.2M+5.1% | $79.2M+104.3% | $38.8M+5.2% | $36.8M+115.7% | $17.1M-20.0% | $21.4M-66.7% | $64.1M+9.2% | $58.7M-48.9% | $114.8M+37.3% | $83.6M | N/A | $75.0M+32.3% | $56.7M+150.4% | $22.6M-28.9% | $31.8M |
| Free Cash Flow | $66.7M | $989K-96.0% | $24.7M-61.3% | $63.9M+13.3% | $56.4M+93.2% | $29.2M+132.4% | -$89.9M-216.2% | $77.4M-1.7% | $78.7M+1464.9% | -$5.8M-506.5% | -$951K | N/A | $5.5M-44.1% | $9.8M-75.9% | $40.6M+9.1% | $37.2M |
| Investing Cash Flow | -$56.3M | -$71.4M+12.9% | -$81.9M-122.9% | -$36.7M-10521.1% | -$346K-103.2% | $10.9M+190.1% | -$12.1M+87.1% | -$93.9M-58.5% | -$59.3M+41.4% | -$101.2M+28.3% | -$141.1M | N/A | -$78.2M-35.5% | -$57.7M-155.8% | -$22.6M+37.2% | -$35.9M |
| Financing Cash Flow | -$56.0M | -$30.8M+17.4% | -$37.3M-22.1% | -$30.5M+66.9% | -$92.4M-95.9% | -$47.2M-168.3% | $69.1M+257.6% | -$43.8M+43.0% | -$76.9M-1926.7% | $4.2M-90.1% | $42.5M | N/A | -$2.3M+80.7% | -$12.1M+66.8% | -$36.5M-19.1% | -$30.6M |
| Dividends Paid | $9.6M | $9.2M+4.3% | $8.8M+17.9% | $7.4M+141.9% | $3.1M | $0-100.0% | $5.1M-73.4% | $19.3M+17.6% | $16.4M+21.5% | $13.5M+12.2% | $12.0M | N/A | $10.4M+12.9% | $9.2M-74.2% | $35.6M+266.9% | $9.7M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $773K-80.1% | $3.9M-83.9% | $24.1M+115.7% | $11.2M |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
MCS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY15 | FY14 | FY13 | FY12 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 2.3%+0.1pp | 2.2%-2.5pp | 4.7%+3.4pp | 1.2%+10.3pp | -9.0%+66.0pp | -75.1%-83.4pp | 8.3%-3.5pp | 11.8%-0.1pp | 11.8%-0.6pp | 12.4%+1.0pp | 11.5% | 10.4%-0.5pp | 10.9%+1.7pp | 9.3%-2.0pp | 11.2% |
| Net Margin | 1.7%+2.7pp | -1.1%-3.1pp | 2.0%+3.8pp | -1.8%+7.7pp | -9.4%+43.1pp | -52.5%-57.6pp | 5.1%-2.4pp | 7.5%-2.4pp | 10.0%+3.4pp | 6.6%+0.8pp | 5.8% | 4.9%-0.7pp | 5.6%+1.3pp | 4.2%-1.2pp | 5.5% |
| Return on Equity | 2.8%+4.5pp | -1.7%-4.8pp | 3.1%+5.8pp | -2.6%+6.9pp | -9.5%+15.5pp | -25.0%-31.8pp | 6.8%-4.1pp | 10.9%-3.7pp | 14.6%+4.9pp | 9.7%+1.2pp | 8.5% | 6.9%-0.8pp | 7.7%+2.0pp | 5.7%-0.9pp | 6.6% |
| Return on Assets | 1.3%+2.0pp | -0.8%-2.1pp | 1.4%+2.5pp | -1.1%+2.5pp | -3.6%+6.3pp | -10.0%-13.0pp | 3.1%-2.3pp | 5.4%-1.0pp | 6.4%+2.2pp | 4.2%+0.3pp | 3.8% | 3.0%-0.3pp | 3.3%+0.9pp | 2.3%-0.8pp | 3.1% |
| Current Ratio | 0.40-0.1x | 0.52-0.1x | 0.62+0.2x | 0.41-0.1x | 0.47+0.2x | 0.31-0.1x | 0.450.0x | 0.460.0x | 0.48+0.2x | 0.28-0.1x | 0.35 | 0.360.0x | 0.360.0x | 0.40+0.2x | 0.20 |
| Debt-to-Equity | 0.350.0x | 0.320.0x | 0.340.0x | 0.37-0.1x | 0.45+0.1x | 0.39+0.1x | 0.33-0.1x | 0.47-0.2x | 0.650.0x | 0.70+0.1x | 0.57 | 0.66-0.1x | 0.720.0x | 0.76+0.4x | 0.31 |
| FCF Margin | 0.1%-3.2pp | 3.4%-5.4pp | 8.8%+0.4pp | 8.3%+1.9pp | 6.4%+44.2pp | -37.8%-47.3pp | 9.4%-1.7pp | 11.1%+12.0pp | -0.9%-0.7pp | -0.2% | N/A | 1.1%-1.1pp | 2.2%-7.6pp | 9.8%+0.8pp | 9.0% |
Not reported in any period shown, so not listed: Gross Margin.
Note: The current ratio is below 1.0 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Marcus Corp Ranks
Frequently Asked Questions
What is Marcus Corp's annual revenue?
Marcus Corp (MCS) reported $758.5M in total revenue for fiscal year 2025. This represents a 3.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Marcus Corp's revenue growing?
Marcus Corp (MCS) revenue grew by 3.1% year-over-year, from $735.6M to $758.5M in fiscal year 2025.
Is Marcus Corp profitable?
Yes, Marcus Corp (MCS) reported a net income of $12.7M in fiscal year 2025, with a net profit margin of 1.7%.
What is Marcus Corp's EBITDA?
Marcus Corp (MCS) had EBITDA of $87.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Marcus Corp have?
As of fiscal year 2025, Marcus Corp (MCS) had $23.4M in cash and equivalents against $159.0M in long-term debt.
What is Marcus Corp's operating margin?
Marcus Corp (MCS) had an operating margin of 2.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Marcus Corp's net profit margin?
Marcus Corp (MCS) had a net profit margin of 1.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Marcus Corp's return on equity (ROE)?
Marcus Corp (MCS) has a return on equity of 2.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Marcus Corp's free cash flow?
Marcus Corp (MCS) generated $989K in free cash flow during fiscal year 2025. This represents a -96.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Marcus Corp's operating cash flow?
Marcus Corp (MCS) generated $84.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Marcus Corp's total assets?
Marcus Corp (MCS) had $1.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Marcus Corp's capital expenditures?
Marcus Corp (MCS) invested $83.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Marcus Corp's current ratio?
Marcus Corp (MCS) had a current ratio of 0.40 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Marcus Corp's debt-to-equity ratio?
Marcus Corp (MCS) had a debt-to-equity ratio of 0.35 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Marcus Corp's return on assets (ROA)?
Marcus Corp (MCS) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Marcus Corp's Altman Z-Score?
Marcus Corp (MCS) has an Altman Z-Score of 2.04, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Marcus Corp's Piotroski F-Score?
Marcus Corp (MCS) has a Piotroski F-Score of 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Marcus Corp's earnings high quality?
Marcus Corp (MCS) has an earnings quality ratio of 6.63x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Marcus Corp cover its interest payments?
Marcus Corp (MCS) has an interest coverage ratio of 1.49x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Marcus Corp?
Marcus Corp (MCS) scores 30 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.