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Entertainment · Communication Services · Fiscal year ends Dec 31
AMC Entertainment reported revenue of $4.8B in the fiscal year ended Dec 2025, up 4.6% from the year before. Operating income was −$17M, an operating margin of −0.4%, and net income was −$632M. Operating cash flow of −$120M less capital expenditure of $246M left free cash flow of −$366M. Net debt was $3.6B.
Ranks among the 8 entertainment companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 2,528 | 3,911 | 4,813 | 4,637 | 4,849 |
| Operating income | −930 | −522 | −74.3 | −79.3 | −17.4 |
| Interest expense | 458 | 379 | 411 | 444 | 530 |
| Pre-tax income | −1,280 | −971 | −393 | −351 | −628 |
| Income tax | −10.2 | 2.5 | 3.4 | 2.1 | 4.5 |
| Net income | −1,269 | −974 | −397 | −353 | −632 |
| Diluted EPS | −13.29 | −9.29 | −2.37 | −1.06 | −1.34 |
| Diluted shares | 95.5 | 105 | 168 | 333 | 473 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 1,593 | 632 | 884 | 632 | 429 |
| Receivables | 169 | 167 | 204 | 168 | 156 |
| Current assets | 1,870 | 902 | 1,203 | 947 | 731 |
| Net PP&E | 1,914 | 1,680 | 1,522 | 1,408 | 1,338 |
| Goodwill | 2,430 | 2,342 | 2,359 | 2,301 | 2,416 |
| Total assets | 10,822 | 9,136 | 9,009 | 8,248 | 8,018 |
| Payables | 377 | 331 | 321 | 378 | 383 |
| Deferred revenue | 409 | 403 | 422 | 432 | 466 |
| Current liabilities | 1,788 | 1,690 | 1,632 | 1,745 | 1,772 |
| Short-term debt | 20.0 | 20.0 | 25.1 | 64.2 | 19.9 |
| Long-term debt | 5,408 | 5,121 | 4,552 | 4,011 | 4,019 |
| Total liabilities | 12,611 | 11,760 | 10,857 | 10,008 | 9,913 |
| Shareholders' equity | −1,790 | −2,625 | −1,848 | −1,761 | −1,895 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −614 | −629 | −215 | −50.8 | −120 |
| Capital expenditure | 92.4 | 202 | 226 | 246 | 246 |
| Free cash flow | −707 | −831 | −441 | −296 | −366 |
| Depreciation & amortisation | 425 | 396 | 365 | 320 | 313 |
| Stock-based compensation | 43.1 | 22.5 | 42.5 | 22.0 | 16.9 |
| Acquisitions | 8.2 | 17.8 | 4.0 | – | – |
| Dividends paid | – | 0.7 | – | – | – |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 54.7% | 23.0% | −3.6% | 4.6% |
| Operating margin | −36.8% | −13.4% | −1.5% | −1.7% | −0.4% |
| Net margin | −50.2% | −24.9% | −8.2% | −7.6% | −13.0% |
| ROCEEBIT ÷ (assets − current liabilities) | −10.3% | −7.0% | −1.0% | −1.2% | −0.3% |
| Free cash flow margin | −27.9% | −21.2% | −9.2% | −6.4% | −7.5% |
| Cash conversion (CFO ÷ net income) | 0.48x | 0.65x | 0.54x | 0.14x | 0.19x |
| Receivable days | 24 | 16 | 15 | 13 | 12 |
| Interest cover | −2.03x | −1.38x | −0.18x | −0.18x | −0.03x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 3,836 | 4,509 | 3,693 | 3,443 | 3,610 |
| Current ratio | 1.05x | 0.53x | 0.74x | 0.54x | 0.41x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.