Saturday 17 October 2026
Export NCMI’s income statement to Excel — free account
National CineMedia, Inc.
NCMI Communication Services Advertising Agencies
National CineMedia, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $243.2 million, up 1.00% from fiscal 2024. In the quarter to June 2026, revenue grew 12.7%, EPS was flat and free cash flow grew 60.6%, each against the same quarter a year earlier.
2.06
0.19
−8.44%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
34.37 | 350.00 | 17.05 | 15.51 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 |
Piotroski F-Score |
6 | 6 | 6 | 6 | 3 | 2 | 4 | 4 | 3 | 5 |
Altman Z-Score |
1.11 | 0.96 | 1.01 | 1.07 | (0.19) | (0.46) | (1.88) | 1.99 | 3.65 | 3.17 |
P/S ratio |
1.97 | 1.07 | 1.13 | 1.27 | 3.21 | 1.96 | 0.08 | 1.15 | 2.64 | 1.51 |
P/FCF ratio |
7.51 | 3.65 | 3.71 | 4.42 | 6.40 | 0.00 | 0.00 | 0.00 | 12.12 | 732.74 |
Altman Z″-Score (non-manufacturers) |
0.79 | 1.03 | 1.09 | 1.15 | (0.58) | (1.51) | (10.45) | 5.91 | 5.33 | 5.82 |
Beneish M-Score |
(2.53) | (2.55) | (2.84) | (2.60) | (4.94) | (0.62) | (1.90) | 3.77 | (3.14) | (2.50) |
P/Operating CF |
20.74 | 13.08 | 15.81 | 18.80 | (9.48) | (83.12) | (1.93) | 12.15 | 20.87 | 44.14 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 20 |
P/B ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.44 | 1.55 | 0.98 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.72 | 10.54 | 5.54 |
EV/Sales |
3.96 | 3.17 | 3.07 | 3.19 | 12.85 | 10.65 | 4.39 | 7.77 | 7.02 | 6.01 |
EV/EBITDA |
8.39 | 6.96 | 6.89 | 6.94 | 0.00 | 0.00 | 23.15 | 801.82 | 71.28 | 59.90 |
EV/Operating CF |
13.28 | 9.72 | 9.02 | 9.87 | 21.01 | (12.82) | (23.15) | (191.48) | 28.02 | 174.01 |
EV/FCF |
15.08 | 10.79 | 10.11 | 11.11 | 25.64 | (11.86) | (21.90) | (106.91) | 32.18 | 2,923.34 |
Quick Ratio |
1.76 | 1.86 | 1.95 | 2.04 | 3.94 | 2.21 | 0.13 | 2.30 | 2.22 | 2.16 |
Current Ratio |
1.83 | 1.94 | 2.09 | 2.13 | 4.00 | 2.27 | 0.14 | 2.46 | 2.42 | 2.22 |
Net Debt/EBITDA |
4.14 | 4.53 | 4.36 | 4.18 | (41.91) | (34.46) | 22.72 | (17.25) | (2.87) | (1.05) |
Debt/Assets |
80.90% | 78.71% | 80.89% | 82.00% | 118.74% | 134.27% | 143.75% | 1.76% | 1.76% | 2.45% |
Debt/Equity |
(7.92) | (12.34) | (10.35) | (7.65) | (3.92) | (2.86) | (2.45) | 0.02 | 0.02 | 0.03 |
Asset Turnover |
0.40 | 0.37 | 0.38 | 0.39 | 0.09 | 0.13 | 0.31 | 0.24 | 0.42 | 0.46 |
Operating CF/Net income |
4.06 | 2.38 | 5.04 | 3.98 | (0.85) | 1.95 | 1.65 | (0.01) | (2.70) | (0.79) |
Capex/Depreciation |
(0.40) | (0.34) | (0.34) | (0.33) | (0.20) | (0.14) | (0.02) | (0.11) | (0.13) | (0.15) |
Interest Coverage |
3.20 | 2.91 | 2.79 | 2.78 | (1.09) | (1.06) | 0.09 | (0.98) | (11.47) | (23.17) |
| (22.82%) | (60.89%) | (36.34%) | (34.32%) | 33.56% | 14.94% | 6.77% | (4,781.02%) | (5.27%) | (2.70%) | |
| 2.97% | 5.04% | 2.57% | 3.18% | (6.49%) | (5.72%) | (3.57%) | 103.70% | (3.93%) | (2.00%) | |
ROIC |
14.26% | 11.95% | 12.54% | 13.77% | (6.32%) | (7.00%) | 0.71% | (4.19%) | (3.55%) | (2.48%) |
Return on Tangible Assets |
25.29% | 43.64% | 19.35% | 21.49% | (36.87%) | (44.31%) | 2.80% | 696.84% | (18.46%) | (11.11%) |
Average Days of Receivables |
132.84 | 137.74 | 124.20 | 140.16 | 65.41 | 168.80 | 134.75 | 213.43 | 129.30 | 144.83 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
26.05% | 25.79% | 26.01% | 24.44% | 75.77% | 61.69% | 34.95% | 52.60% | 38.33% | 36.06% |
Intangible Assets out of Total Assets |
0.49 | 0.61 | 0.60 | 0.57 | 0.71 | 0.74 | 0.74 | 0.69 | 0.62 | 0.63 |
Share Based Compensation of Revenue |
4.09% | 2.63% | 1.77% | 1.24% | 2.43% | 7.07% | 2.85% | 2.72% | 5.07% | 3.82% |
Graham Net Nets |
(1.17) | (2.27) | (2.01) | (1.77) | (3.29) | (4.65) | (53.29) | 0.06 | 0.03 | 0.06 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 80.70 | 81.18 | 61.66 | 79.98 | 0.00 | 0.00 |
Earnings Yield |
2.91% | 0.29% | 5.86% | 6.45% | (22.58%) | (21.71%) | (119.42%) | 791.16% | (3.46%) | (2.57%) |
Free Cash Flow Yield |
13.31% | 27.42% | 26.93% | 22.63% | 15.62% | (45.85%) | (243.99%) | (6.33%) | 8.25% | 0.14% |
Revenue per Share |
74.86 | 65.33 | 57.43 | 57.51 | 11.60 | 14.35 | 30.40 | 3.45 | 2.51 | 2.58 |
Operating CF per Share |
22.33 | 21.29 | 19.56 | 18.57 | 7.09 | (11.92) | (5.77) | (0.14) | 0.63 | 0.09 |
Capex per Share |
(2.54) | (2.10) | (1.86) | (1.81) | (1.03) | (0.71) | (0.09) | (0.07) | (0.06) | (0.06) |
Free Cash Flow per Share |
19.79 | 19.19 | 17.69 | 16.76 | 6.07 | (12.63) | (5.86) | (0.21) | 0.57 | 0.03 |
Cash per Share |
8.21 | 6.64 | 8.51 | 9.49 | 23.17 | 12.71 | 7.87 | 0.79 | 0.81 | 0.40 |
Shareholders Equity per Share |
(19.52) | (11.47) | (11.61) | (15.67) | (34.46) | (48.02) | (56.61) | 9.07 | 4.29 | 3.99 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
(19.52) | (11.47) | (11.61) | (15.67) | (34.46) | (48.02) | (56.61) | 9.07 | 4.29 | 3.99 |
Free Cash Flow |
118.30 | 125.20 | 136.00 | 129.60 | 47.30 | (100.90) | (48.00) | (10.00) | 54.50 | 2.80 |
Working Capital |
100.50 | 102.90 | 120.40 | 134.80 | 149.90 | 88.60 | (1,038.70) | 85.40 | 104.40 | 76.00 |
Capital Expenditures |
(15.20) | (13.70) | (14.30) | (14.00) | (8.00) | (5.70) | (0.70) | (3.30) | (5.80) | (5.60) |
Net Current Asset Value |
(1,038.10) | (1,035.30) | (1,000.10) | (996.90) | (954.90) | (1,042.50) | (1,092.00) | 10.60 | 20.50 | 22.90 |
EV/EBIT |
10.25 | 8.78 | 8.79 | 8.79 | 0.00 | 0.00 | 158.71 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.03 | 0.09 | 0.05 | 0.00 | 0.02 | 0.02 | 0.02 |
Price to Operating Income |
5.11 | 2.97 | 3.23 | 3.50 | 0.00 | 0.00 | 2.97 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.30 | 1.31 | 1.26 | 1.29 | 1.46 | 1.86 | 3.11 | 1.83 | 2.63 | 1.97 |
Cash ROIC |
13.81% | 14.04% | 15.11% | 14.75% | 4.91% | (12.37%) | (6.49%) | (2.07%) | 10.92% | 0.66% |
Accounts Receivable Turnover |
2.85 | 2.63 | 2.84 | 2.77 | 0.97 | 3.31 | 3.44 | 1.75 | 2.65 | 2.68 |
Accounts Payable Turnover |
7.57 | 6.80 | 7.10 | 6.95 | 2.53 | 5.13 | 5.71 | 3.43 | 5.62 | 5.36 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
51.97 | 56.49 | 49.62 | 56.17 | 114.95 | 77.37 | 77.40 | 98.88 | 66.84 | 72.44 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
157.15 | 161.85 | 155.50 | 160.50 | 93.50 | 34.60 | 72.50 | 94.30 | 90.95 | 90.90 |
Average Payables |
16.15 | 18.35 | 18.65 | 19.35 | 17.20 | 15.00 | 20.65 | 23.35 | 22.35 | 24.55 |
Average Assets |
1,108.10 | 1,157.80 | 1,157.45 | 1,135.90 | 1,008.10 | 851.80 | 804.90 | 680.05 | 568.15 | 529.60 |
Average Common Equity |
(144.20) | (95.75) | (82.00) | (105.20) | (194.90) | (326.05) | (423.75) | (14.75) | 422.85 | 393.30 |
Columns are period end dates