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) Beneish M-score
AMC Entertainment Holdings, Inc.'s Beneish M-score for fiscal 2025 is −2.85; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
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Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | −2.85 | (0.04) |
| FY2024 | −2.82 | (0.46) |
| FY2023 | −2.36 | 0.10 |
| FY2022 | −2.46 | (0.48) |
| FY2021 | −1.98 | 2.43 |
| FY2020 | −4.42 | (1.87) |
| FY2019 | −2.55 | 0.20 |
| FY2018 | −2.75 | (0.07) |
| FY2017 | −2.68 | (0.85) |
| FY2016 | −1.83 | 0.93 |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 0.89 | — | 0.82 | |
| Gross margin index | 1.00 | — | 0.53 | |
| Asset quality index | 1.04 | — | 0.42 | |
| Sales growth index | 1.05 | — | 0.93 | |
| Depreciation index | 0.89 | — | 0.10 | |
| SG&A index SG&A not reported — index set to 1 | 1.00 | — | Set to 1 | −0.17 |
| Total accruals to total assets | (0.06) | — | −0.30 | |
| Leverage index | 1.04 | — | −0.34 | |
| Beneish M-score | Low — no pattern the model associates with manipulation | −2.85 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| VSNT Versant Media Group, Inc. compare | −3.6× |
| MANU Manchester United Ltd. compare | −3.5× |
| BATRA Atlanta Braves Holdings, Inc. compare | −3.0× |
| MSGE Madison Square Garden Entertainment Corp. compare | −3.0× |
| IMAX IMAX Corporation compare | −2.9× |
| AMC AMC Entertainment Holdings, Inc. | −2.9× |
| CNK Cinemark Holdings Inc compare | −2.6× |
| BATRK Atlanta Braves Holdings, Inc. compare | −2.5× |
| SPHR Sphere Entertainment Co. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI