# AMC Entertainment Holdings, Inc. (AMC)

> Source: Nexqual · https://nexqual.com/AMC · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, AMC Entertainment Holdings, Inc. (AMC), nexqual.com/AMC" · informational, not investment advice.

**Price:** USD 2.93 (-3.62% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 3.04 · day 2.93–3.11 · 52w 0.93–3.4 · market cap $2.62B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $5.23B, net income -$554M (-10.6% margin), free cash flow -$22.4M (SEC filings).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $344K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.86 on a 1–5 scale) (7 analysts), mean target USD 3.37 (range 2.2–5).
- Total return with dividends: 1Y +7.3% vs S&P 500 +14.9%; 5Y -99.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.14, revenue estimate $1.62B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.53B | $3.91B | $4.81B | $4.64B | $4.85B | $5.23B |
| Operating income | -$930M | -$522M | -$74.3M | -$79.3M | -$17.4M | $228M |
| Net income | -$1.27B | -$974M | -$397M | -$353M | -$632M | -$554M |
| EPS (diluted) | -$13.29 | -$9.29 | -$2.37 | -$1.06 | -$1.34 | — |
| Free cash flow | -$707M | -$831M | -$441M | -$296M | -$366M | -$22.4M |
| Operating margin | -36.8% | -13.4% | -1.5% | -1.7% | -0.4% | 4.4% |
| Net margin | -50.2% | -24.9% | -8.2% | -7.6% | -13.0% | -10.6% |
| Revenue growth | +103.5% | +54.7% | +23.0% | -3.6% | +4.6% | — |
| Cash + short-term investments | $1.59B | $632M | $884M | $632M | $429M | — |
| Total debt | $5.43B | $5.14B | $4.58B | $4.13B | $4.04B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.5x · EV/EBITDA 10.5x · EV/Sales 1.1x · FCF yield -0.86% · Earnings yield -21.19% · Net debt $3.07B · EV $5.69B

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $344K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-19 | Aron Adam M | CHAIRMAN, CEO & PRESIDENT | 250,000 | $344K | 1.38 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.86 on a 1–5 scale), 7 analysts; mean target USD 3.37 (low 2.2, high 5).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-25 | Citigroup | Target raised | Sell | $1.8 → $2.2 |
| 2026-09-02 | Macquarie | Target raised | Neutral | $2.5 → $3 |
| 2026-07-22 | B. Riley Securities | Target raised | Neutral | $2.25 → $2.5 |
| 2026-07-22 | Macquarie | Target raised | Neutral | $2 → $2.5 |
| 2026-07-21 | Benchmark | Target raised | Buy | $2.5 → $3 |
| 2026-07-21 | Wedbush | Target raised | Outperform | $3 → $4 |
| 2026-07-08 | Macquarie | Target raised | Neutral | $1.5 → $2 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +7.3% | -99.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +7.3% | -61.8% |
| Volatility (annualized) | 83.2% | 103.0% |
| Max drawdown | -65.2% (Oct 2025→Mar 2026) | -99.8% (Nov 2021→Mar 2026) |

## Peers (Entertainment)
IMAX (Imax Corporation) USD 52.31 -1.47% · BATRA (Atlanta Braves Holdings, Inc. -) USD 54.69 -0.78% · MANU (Manchester) USD 20.78 -0.38% · LION (Lionsgate Studios Corp) USD 12.7 +0.16% · SPHR (Sphere Entertainment Co.) USD 111.61 -2.16% · VSNT (Versant Media Group, Inc.) USD 32.29 +3.00%

## More
Full page: https://nexqual.com/AMC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in AMC's own 10-K filed 2026-02-23 (https://www.sec.gov/Archives/edgar/data/1411579/000141157926000016/amc-20251231x10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | IMAX CORP (IMAX) | "Whether through enhanced food and beverage options (Food and Beverage Kiosks, Marketplaces, Coca-Cola Freestyle, MacGuffins or Dine-in-Theatres), more comfort and convenience (recliner seating, open-source internet ticke…" |
| Customer | Coca-Cola (KO) | "Whether through enhanced food and beverage options (Food and Beverage Kiosks, Marketplaces, Coca-Cola Freestyle, MacGuffins or Dine-in-Theatres), more comfort and convenience (recliner seating, open-source internet ticke…" |
| Partner | National CineMedia, Inc. (NCMI) | "The Company's exhibitor services agreement with National CineMedia, LLC ("NCM") includes a significant financing component due to the significant length of time between receiving the non-cash consideration and fulfilling…" |

Other companies that name AMC in their own reports (relationship from AMC's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| related | HYCROFT MINING HOLDING CORP (HYMC) | 10-K 2026-03-03 | "Prior to the Company's Annual General Meeting on December 29, 2029, AMC Entertainment Holdings, Inc. ("AMC") was classified as a related party because a representative from AMC served on the Company's…" |
| partner | SITE Centers Corp. (SITC) | 10-K 2026-02-26 | "The Company's five largest tenants based on the Company's aggregate annualized base rental revenues, including its proportionate share of joint venture aggregate annualized base rental revenues, are T…" |
| supplier | Robinhood Markets, Inc. (HOOD) | 10-K 2026-02-18 | "Beginning on January 28, 2021, due to increased deposit requirements imposed on RHS by the NSCC in response to unprecedented market volatility, particularly in certain securities, RHS temporarily rest…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Us Markets | $1.26B | 78.8% | +13.0% |
| International Markets | $338.1M | 21.2% | +19.2% |
| Total revenue | $1.60B | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Admission | $863.1M | 54.1% | +13.2% |
| Food & Beverage | $576.1M | 36.1% | +15.3% |
| Total Other Product & Service | $157.5M | 9.9% | +16.1% |
| — Ticket Fees (part of Total Other Product & Service) | $72.7M | 4.6% | +29.8% |
| — Advertising (part of Total Other Product & Service) | $43.3M | 2.7% | +14.6% |
| — Product & Service Other (part of Total Other Product & Service) | $41.5M | 2.6% | -1.0% |
| Total revenue | $1.60B | 100% | — |

## Revenue by region (fiscal year ended 2025-12-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $3.71B | 76.4% | +4.6% |
| United Kingdom | $428.5M | 8.8% | +4.8% |
| Spain | $153.4M | 3.2% | +7.0% |
| Italy | $147.3M | 3.0% | -0.2% |
| Germany | $124.3M | 2.6% | +11.4% |
| Sweden | $122.5M | 2.5% | +5.2% |
| Finland | $84.7M | 1.7% | -6.0% |
| Other Countries | $49.0M | 1.0% | +14.8% |
| Ireland | $33.1M | 0.7% | +1.8% |
| Total revenue | $4.85B | 100% | — |

## Company outlook (8-K filed 2026-07-20)

- "And as a result of these actions, we have no currently expected debt maturities until 2029." Aron continued, "AMC's second quarter actions reduced annual cash interest expense by $16 million."
- "As a result, AMC does not anticipate any material debt maturities prior to calendar year 2029."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.14 | $-0.06 | -325.0% | $1.62B | 2 |
| Next quarter (ends 2026-12-31) | $0.04 | $0.03 | +40.0% | $1.46B | 2 |
| Current fiscal year (ends 2026-12-31) | $0.02 | $0.00 | — | $5.72B | 1 |
| Next fiscal year (ends 2027-12-31) | $0.10 | $-0.13 | -184.0% | $5.85B | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-06 (includes earnings 2026-11-04): ±15.9%; earnings reaction alone ±9.4%; last 8 reports averaged ±5.5%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-10-30 | 7 | 78.7% | ±10.2% |
| 2026-11-06 | 14 | 96.0% | ±15.9% |
| 2026-11-13 | 21 | 96.6% | ±18.3% |
| 2026-11-20 | 28 | 86.5% | ±19.8% |
| 2026-11-27 | 35 | 78.6% | ±20.0% |
| 2026-12-04 | 42 | 81.7% | ±22.7% |
| 2026-12-18 | 56 | 84.0% | ±26.5% |
| 2027-01-15 | 84 | 80.4% | ±31.2% |