AMC Entertainment Holdings, Inc.
AMC Communication Services Entertainment
AMC Entertainment Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, up 4.57% from fiscal 2024. In the quarter to June 2026, revenue grew 14.2%, EPS fell 58.0%, free cash flow grew 113.3% and total debt fell 3.95%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
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AMC Entertainment Holdings, Inc. (AMC) Altman Z-score
AMC Entertainment Holdings, Inc.'s Altman Z-score for fiscal 2025 is −1.08, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | −1.08 | (0.16) |
| FY2024 | −0.92 | (0.19) |
| FY2023 | −0.74 | 0.07 |
| FY2022 | −0.81 | (1.15) |
| FY2021 | 0.34 | 2.37 |
| FY2020 | −2.03 | (2.31) |
| FY2019 | 0.29 | (0.34) |
| FY2018 | 0.63 | 0.02 |
| FY2017 | 0.61 | (0.14) |
| FY2016 | 0.75 | (0.41) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.13) | — | −0.16 | |
| Retained earnings / total assets | (1.12) | — | −1.57 | |
| EBIT / total assets | 0.00 | — | −0.01 | |
| Market value of equity / total liabilities | 0.07 | — | 0.04 | |
| Sales / total assets | 0.60 | — | 0.60 | |
| Altman Z-score | Distress zone | −1.08 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −4.72 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| IMAX IMAX Corporation compare | 3.1× |
| MSGE Madison Square Garden Entertainment Corp. compare | 2.0× |
| CNK Cinemark Holdings Inc compare | 1.3× |
| BATRA Atlanta Braves Holdings, Inc. compare | 1.2× |
| SPHR Sphere Entertainment Co. compare | 1.1× |
| MANU Manchester United Ltd. compare | 1.1× |
| BATRK Atlanta Braves Holdings, Inc. compare | 0.9× |
| AMC AMC Entertainment Holdings, Inc. | −1.1× |
| VSNT Versant Media Group, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets