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National CineMedia

NCMI

National CineMedia is the leading cinema advertising platform in the United States, operating a massive digital in-theater network that connects brands with young and diverse audiences.

Market cap
$361.99M-20.0%
Revenue$242.4M+1.7%
Net income-$68.4M-194%
Free cash flow$15.3M-61.6%
EPS (diluted)-$0.72-130%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$59.3M
EPS estimate-$0.09

Financials

Q1 2026

Income statement

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Revenue$34.0M-2.6%
Gross profit$30.0M-5.7%
Operating income-$26.9M-12.6%
Net income-$28.6M+6.8%
EPS (diluted)-$0.31+3.1%

Balance sheet

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Cash & equivalents$51.6M-18.1%
Total debt$22.3M+61.6%
Total equity$344.8M-7.0%
Total assets$468.7M-7.0%

Cash flow

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Operating cash flow$18.1M+202%
CapEx$300.0K-57.1%
Free cash flow$17.8M+236%

Valuation & ratios

Valuation

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Market cap$361.99M-20.0%
Enterprise value$332.69M-24.9%
P/S1.5×-0.5×

Profitability

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Gross margin94.2%-0.2pp
FCF margin6.3%-10.4pp

Returns & leverage

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Debt / equity0.1×0.0×
Current ratio1.8×-0.5×

Segments

By product

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National Advertising Revenue$27.5M+0.4%
Local Advertising Revenue$4.4M-10.2%
Founding Member Advertising Revenue From Beverage Concessionaire Agreements$2.1M-19.2%

Competitors

Profile

National CineMedia is the leading cinema advertising platform in the United States, operating a massive digital in-theater network that connects brands with young and diverse audiences. The company provides a premium video, full-funnel marketing solution through pre-show entertainment and advertising content across thousands of screens. Its core value proposition lies in delivering high-attention, immersive advertising experiences that leverage movie and pop culture to drive measurable results for advertisers.

Competitive position

NCM is the largest cinema advertising network in North America, maintaining exclusive long-term agreements with major theater circuits to control the majority of in-theater advertising inventory.

GeographiesUnited States
Customer segmentsNational brands, Local small businesses, Advertising agencies, Media buying groups
Business modelAd-supported media, B2B service, Programmatic advertising, Data-as-a-Service
SuppliersTheater exhibitors (screen providers), Satellite and terrestrial network providers, Digital projector manufacturers, Content creators and media partners
CustomersNational advertising agencies, Local retail and service businesses, Major consumer brands, Movie studios
Listed2007
Employees292.0
CEOThomas F. Lesinski
Websitencm.com
FilingsSEC EDGAR

Questions, answered.

What is National CineMedia's market cap?
National CineMedia (NCMI) has a market capitalization of $362.0M and trades on NASDAQ.
What is National CineMedia's revenue and profitability?
National CineMedia generated $242.4M in trailing twelve-month revenue with a net loss of $68.4M, representing a net margin of -9.5%. Gross margin stands at 94.2%, with free cash flow of $15.3M. These figures are based on the Q1 2026 filing.
Who are National CineMedia's competitors?
National CineMedia's key competitors include Lamar Advertising, Alphabet Inc., Meta Platforms, and others. These companies compete in similar markets and product categories.
Who does National CineMedia partner with?
National CineMedia's notable partners include AMC Entertainment, Cinemark Holdings, Regal Cinemas, and others.
What subsidiaries does National CineMedia have?
National CineMedia's subsidiaries include National CineMedia, LLC, Spotlight Cinema Networks.
Where is National CineMedia headquartered?
National CineMedia is headquartered in United States of America and employs approximately 292 people. It has been publicly traded since 2007.