What is National Cinemedia Inc's earnings per share (EPS)?

National Cinemedia Inc (NCMI) reported diluted earnings per share of $-0.11 for fiscal year 2026. This represents a 52.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

National Cinemedia Inc Financials

NCMI

Source SEC Filings (10-K/10-Q) Updated Jan 1, 2026 Currency USD FYE January

This page shows National Cinemedia Inc (NCMI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Financial Health Signals

Earnings Quality Mixed

-0.79x

For every $1 of reported earnings, National Cinemedia Inc generates $-0.79 in operating cash flow ($8.4M OCF vs -$10.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-23.2x

National Cinemedia Inc earns $-23.2 in operating income for every $1 of interest expense (-$13.9M vs $600K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$243.2M

YoY+1.0%

5Y CAGR+21.9%

10Y CAGR-5.9%

National Cinemedia Inc generated $243.2M in revenue in fiscal year 2026. This represents an increase of 1.0% from the prior year.

EBITDA

N/A

Net Income

-$10.6M

YoY+52.5%

National Cinemedia Inc reported -$10.6M in net income in fiscal year 2026. This represents an increase of 52.5% from the prior year.

EPS (Diluted)

$-0.11

YoY+52.2%

National Cinemedia Inc earned $-0.11 per diluted share (EPS) in fiscal year 2026. This represents an increase of 52.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$2.8M

YoY-94.9%

5Y CAGR-43.2%

10Y CAGR-29.5%

National Cinemedia Inc generated $2.8M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 94.9% from the prior year.

Cash & Debt

N/A

Dividends Per Share

$0.12

5Y CAGR-21.4%

10Y CAGR-18.1%

National Cinemedia Inc paid $0.12 per share in dividends in fiscal year 2026.

Shares Outstanding

93M

YoY-2.7%

5Y CAGR+3.6%

10Y CAGR+4.6%

National Cinemedia Inc had 93M shares outstanding in fiscal year 2026. This represents a decrease of 2.7% from the prior year.

Margins & Returns

Gross Margin

94.7%

YoY+0.3pp

National Cinemedia Inc's gross margin was 94.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.3 percentage points from the prior year.

Operating Margin

-5.7%

YoY+2.4pp

5Y CAGR+61.8pp

10Y CAGR-38.9pp

National Cinemedia Inc's operating margin was -5.7% in fiscal year 2026, reflecting core business profitability. This is up 2.4 percentage points from the prior year.

Net Margin

-4.4%

YoY+4.9pp

5Y CAGR+68.0pp

10Y CAGR-6.9pp

National Cinemedia Inc's net profit margin was -4.4% in fiscal year 2026, showing the share of revenue converted to profit. This is up 4.9 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$3.1M

YoY-6.1%

5Y CAGR+10.3%

10Y CAGR+7.5%

National Cinemedia Inc invested $3.1M in research and development in fiscal year 2026. This represents a decrease of 6.1% from the prior year.

Share Buybacks

$22.0M

YoY+67.9%

National Cinemedia Inc spent $22.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 67.9% from the prior year.

Capital Expenditures

$5.6M

YoY-3.4%

5Y CAGR-6.9%

10Y CAGR-7.8%

National Cinemedia Inc invested $5.6M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 3.4% from the prior year.

NCMI Income Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY20
Revenue	$243.2M+1.0%	$240.8M+45.8%	$165.2M-33.7%	$249.2M+117.5%	$114.6M+26.8%	$90.4M
Cost of Revenue	$13.0M-5.1%	$13.7M+29.2%	$10.6M	N/A	N/A	N/A
Gross Profit	$230.2M+1.4%	$227.1M+46.9%	$154.6M	N/A	N/A	N/A
R&D Expenses	$3.1M-6.1%	$3.3M+10.0%	$3.0M-34.8%	$4.6M+170.6%	$1.7M-10.5%	$1.9M
SG&A Expenses	$46.1M-9.1%	$50.7M-11.5%	$57.3M+29.3%	$44.3M+23.1%	$36.0M+16.5%	$30.9M
Operating Income	-$13.9M+28.7%	-$19.5M+28.6%	-$27.3M-495.7%	$6.9M+110.1%	-$68.6M-12.5%	-$61.0M
Interest Expense	$600K-64.7%	$1.7M-93.9%	$27.9M-65.0%	$79.7M+23.0%	$64.8M+16.1%	$55.8M
Income Tax	$0-100.0%	$200K	$0	$0	$0-100.0%	$162.2M
Net Income	-$10.6M+52.5%	-$22.3M-103.2%	$705.2M+2557.1%	-$28.7M+41.1%	-$48.7M+25.5%	-$65.4M
EPS (Diluted)	$-0.11+52.2%	$-0.23-101.6%	$14.34+509.7%	$-3.50-473.8%	$-0.61+27.4%	$-0.84

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$93.1M+46.8%	$63.4M+22.4%	$51.8M+48.4%	$34.9M-59.6%	$86.3M+38.3%	$62.4M+14.1%	$54.7M+46.3%	$37.4M
Cost of Revenue	$3.5M+9.4%	$3.2M0.0%	$3.2M+3.2%	$3.1M0.0%	$3.1M-6.1%	$3.3M-10.8%	$3.7M+2.8%	$3.6M
Gross Profit	$89.6M+48.8%	$60.2M+23.9%	$48.6M+52.8%	$31.8M-61.8%	$83.2M+40.8%	$59.1M+15.9%	$51.0M+50.9%	$33.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$12.0M+13.2%	$10.6M0.0%	$10.6M-17.8%	$12.9M+18.3%	$10.9M-15.5%	$12.9M-3.7%	$13.4M-0.7%	$13.5M
Operating Income	$23.8M+1422.2%	-$1.8M+85.0%	-$12.0M+49.8%	-$23.9M-219.5%	$20.0M+366.7%	-$7.5M+19.4%	-$9.3M+59.0%	-$22.7M
Interest Expense	$200K+100.0%	$100K0.0%	$100K-50.0%	$200K-60.0%	$500K+25.0%	$400K0.0%	$400K0.0%	$400K
Income Tax	$0	$0	$0	$0-100.0%	$200K	$0	$0	$0
Net Income	$29.2M+1725.0%	$1.6M+115.0%	-$10.7M+65.1%	-$30.7M-224.3%	$24.7M+786.1%	-$3.6M+58.6%	-$8.7M+74.9%	-$34.7M
EPS (Diluted)	N/A	$0.02+118.2%	$-0.11+65.6%	$-0.32	N/A	$-0.04+55.6%	$-0.09+75.0%	$-0.36

NCMI Balance Sheet

Metric	FY26	FY24	FY23	FY22	FY21	FY20
Total Assets	N/A	$568.6M+0.2%	$567.7M-28.4%	$792.4M-3.1%	$817.4M-7.8%	$886.2M
Current Assets	N/A	$177.9M+23.7%	$143.8M-12.5%	$164.4M+3.8%	$158.4M-20.8%	$199.9M
Cash & Equivalents	N/A	$75.1M+117.1%	$34.6M-43.9%	$61.7M-39.0%	$101.2M-43.9%	$180.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	$85.3M-11.7%	$96.6M+5.0%	$92.0M+73.6%	$53.0M+227.2%	$16.2M
Goodwill	N/A	$0	N/A	N/A	N/A	N/A
Total Liabilities	N/A	$157.4M+18.2%	$133.2M-89.4%	$1.3B+4.6%	$1.2B-11.7%	$1.4B
Current Liabilities	N/A	$73.5M+25.9%	$58.4M-95.1%	$1.2B+1623.6%	$69.8M+39.6%	$50.0M
Long-Term Debt	N/A	$10.0M0.0%	$10.0M	$0-100.0%	$1.1B+4.3%	$1.0B
Total Equity	N/A	$411.2M-5.4%	$434.5M+184.3%	-$515.3M+2.2%	-$526.7M-11.3%	-$473.1M
Retained Earnings	N/A	$280.9M-11.3%	$316.6M+185.5%	-$370.4M-11.6%	-$332.0M-24.6%	-$266.4M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$490.6M+8.6%	$451.9M-2.2%	$462.0M-8.3%	$503.8M-11.4%	$568.6M+8.1%	$526.1M-0.2%	$527.2M-2.1%	$538.6M
Current Assets	$138.1M+44.3%	$95.7M-5.2%	$101.0M-18.7%	$124.2M-30.2%	$177.9M+41.6%	$125.6M+7.9%	$116.4M-0.9%	$117.4M
Cash & Equivalents	$34.6M+15.7%	$29.9M-19.6%	$37.2M-37.7%	$59.7M-20.5%	$75.1M+52.0%	$49.4M-8.2%	$53.8M-5.8%	$57.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$96.5M+63.3%	$59.1M+3.5%	$57.1M+22.3%	$46.7M-45.3%	$85.3M+35.8%	$62.8M+23.9%	$50.7M+4.3%	$48.6M
Goodwill	$500K	N/A	N/A	N/A	$0	N/A	N/A	N/A
Total Liabilities	$115.2M+13.6%	$101.4M-9.5%	$112.0M-15.8%	$133.0M-15.5%	$157.4M+11.9%	$140.6M+0.9%	$139.3M+2.2%	$136.3M
Current Liabilities	$62.1M+23.0%	$50.5M-12.8%	$57.9M+6.6%	$54.3M-26.1%	$73.5M+43.8%	$51.1M+7.6%	$47.5M+11.8%	$42.5M
Long-Term Debt	$12.0M	$0	$0	$0-100.0%	$10.0M0.0%	$10.0M0.0%	$10.0M0.0%	$10.0M
Total Equity	$375.4M+7.1%	$350.5M+0.1%	$350.0M-5.6%	$370.8M-9.8%	$411.2M+6.7%	$385.5M-0.6%	$387.9M-3.6%	$402.3M
Retained Earnings	$236.4M+10.7%	$213.5M-0.6%	$214.8M-9.7%	$237.9M-15.3%	$280.9M+8.7%	$258.3M-2.1%	$263.8M-6.4%	$281.8M

NCMI Cash Flow Statement

Metric	FY26	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$8.4M-86.1%	$60.3M+1000.0%	-$6.7M+85.8%	-$47.3M+50.3%	-$95.2M-272.2%	$55.3M
Capital Expenditures	$5.6M-3.4%	$5.8M+75.8%	$3.3M+13.8%	$2.9M-49.1%	$5.7M-28.7%	$8.0M
Free Cash Flow	$2.8M-94.9%	$54.5M+645.0%	-$10.0M+80.1%	-$50.2M+50.2%	-$100.9M-313.3%	$47.3M
Investing Cash Flow	-$15.4M-170.2%	-$5.7M-117.5%	$32.6M	N/A	N/A	N/A
Financing Cash Flow	-$33.5M-137.6%	-$14.1M+72.9%	-$52.1M	N/A	N/A	N/A
Dividends Paid	$11.4M+3700.0%	$300K-40.0%	$500K-94.7%	$9.5M-43.8%	$16.9M-47.2%	$32.0M
Share Buybacks	$22.0M+67.9%	$13.1M	$0	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$8.3M+930.0%	-$1.0M+79.6%	-$4.9M-181.7%	$6.0M-80.3%	$30.5M+1625.0%	-$2.0M-126.0%	$7.7M-68.0%	$24.1M
Capital Expenditures	$2.2M+120.0%	$1.0M-41.2%	$1.7M+142.9%	$700K-70.8%	$2.4M+300.0%	$600K-53.8%	$1.3M-13.3%	$1.5M
Free Cash Flow	$6.1M+405.0%	-$2.0M+69.7%	-$6.6M-224.5%	$5.3M-81.1%	$28.1M+1180.8%	-$2.6M-140.6%	$6.4M-71.7%	$22.6M
Investing Cash Flow	-$9.6M-182.4%	-$3.4M-100.0%	-$1.7M-142.9%	-$700K+75.0%	-$2.8M-460.0%	-$500K+54.5%	-$1.1M+15.4%	-$1.3M
Financing Cash Flow	$6.0M+300.0%	-$3.0M+81.4%	-$16.1M+21.1%	-$20.4M-920.0%	-$2.0M-5.3%	-$1.9M+80.8%	-$9.9M-3200.0%	-$300K
Dividends Paid	$2.9M+3.6%	$2.8M-50.9%	$5.7M	$0	$0	$0	$0-100.0%	$300K
Share Buybacks	$3.3M	$0-100.0%	$9.9M+12.5%	$8.8M+340.0%	$2.0M+5.3%	$1.9M+73076823.1%	$3	$0

NCMI Financial Ratios

Metric	FY26	FY24	FY23	FY22	FY21	FY20
Gross Margin	94.7%+0.3pp	94.3%+0.7pp	93.6%	N/A	N/A	N/A
Operating Margin	-5.7%+2.4pp	-8.1%+8.4pp	-16.5%-19.3pp	2.8%+62.6pp	-59.9%+7.6pp	-67.5%
Net Margin	-4.4%+4.9pp	-9.3%-436.1pp	426.9%+438.4pp	-11.5%+31.0pp	-42.5%+29.9pp	-72.4%
Return on Equity	N/A	-5.4%-167.7pp	162.3%	N/A	N/A	N/A
Return on Assets	N/A	-3.9%-128.1pp	124.2%+127.8pp	-3.6%+2.3pp	-6.0%+1.4pp	-7.4%
Current Ratio	N/A	2.42-0.0	2.46+2.3	0.14-2.1	2.27-1.7	4.00
Debt-to-Equity	N/A	0.020.0	0.02+0.0	0.00+2.1	-2.08+0.1	-2.22
FCF Margin	1.1%-21.5pp	22.6%+28.7pp	-6.0%+14.1pp	-20.1%+67.9pp	-88.0%-140.4pp	52.3%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	96.2%+1.3pp	95.0%+1.1pp	93.8%+2.7pp	91.1%-5.3pp	96.4%+1.7pp	94.7%+1.5pp	93.2%+2.9pp	90.4%
Operating Margin	25.6%+28.4pp	-2.8%+20.3pp	-23.2%+45.3pp	-68.5%-91.6pp	23.2%+35.2pp	-12.0%+5.0pp	-17.0%+43.7pp	-60.7%
Net Margin	31.4%+28.8pp	2.5%+23.2pp	-20.7%+67.3pp	-88.0%-116.6pp	28.6%+34.4pp	-5.8%+10.1pp	-15.9%+76.9pp	-92.8%
Return on Equity	7.8%+7.3pp	0.5%+3.5pp	-3.1%+5.2pp	-8.3%-14.3pp	6.0%+6.9pp	-0.9%+1.3pp	-2.2%+6.4pp	-8.6%
Return on Assets	5.9%+5.6pp	0.4%+2.7pp	-2.3%+3.8pp	-6.1%-10.4pp	4.3%+5.0pp	-0.7%+1.0pp	-1.7%+4.8pp	-6.4%
Current Ratio	2.22+0.3	1.90+0.2	1.74-0.5	2.29-0.1	2.42-0.0	2.460.0	2.45-0.3	2.76
Debt-to-Equity	0.03+0.0	0.000.0	0.000.0	0.00-0.0	0.020.0	0.030.0	0.030.0	0.02
FCF Margin	6.6%+9.7pp	-3.1%+9.6pp	-12.7%-27.9pp	15.2%-17.4pp	32.6%+36.7pp	-4.2%-15.9pp	11.7%-48.7pp	60.4%

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Frequently Asked Questions

What is National Cinemedia Inc's annual revenue?

National Cinemedia Inc (NCMI) reported $243.2M in total revenue for fiscal year 2026. This represents a 1.0% 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 National Cinemedia Inc's revenue growing?

National Cinemedia Inc (NCMI) revenue grew by 1% year-over-year, from $240.8M to $243.2M in fiscal year 2026.

Is National Cinemedia Inc profitable?

No, National Cinemedia Inc (NCMI) reported a net income of -$10.6M in fiscal year 2026, with a net profit margin of -4.4%.

What is National Cinemedia Inc's gross margin?

National Cinemedia Inc (NCMI) had a gross margin of 94.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is National Cinemedia Inc's operating margin?

National Cinemedia Inc (NCMI) had an operating margin of -5.7% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is National Cinemedia Inc's net profit margin?

National Cinemedia Inc (NCMI) had a net profit margin of -4.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Does National Cinemedia Inc pay dividends?

Yes, National Cinemedia Inc (NCMI) paid $0.12 per share in dividends during fiscal year 2026.

What is National Cinemedia Inc's free cash flow?

National Cinemedia Inc (NCMI) generated $2.8M in free cash flow during fiscal year 2026. This represents a -94.9% 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 National Cinemedia Inc's operating cash flow?

National Cinemedia Inc (NCMI) generated $8.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are National Cinemedia Inc's capital expenditures?

National Cinemedia Inc (NCMI) invested $5.6M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does National Cinemedia Inc spend on research and development?

National Cinemedia Inc (NCMI) invested $3.1M in research and development during fiscal year 2026.

Does National Cinemedia Inc buy back shares?

Yes, National Cinemedia Inc (NCMI) spent $22.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does National Cinemedia Inc have outstanding?

National Cinemedia Inc (NCMI) had 93M shares outstanding as of fiscal year 2026.

Are National Cinemedia Inc's earnings high quality?

National Cinemedia Inc (NCMI) has an earnings quality ratio of -0.79x, considered mixed 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 National Cinemedia Inc cover its interest payments?

National Cinemedia Inc (NCMI) has an interest coverage ratio of -23.2x, 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.