# Cinemark Holdings, Inc. (CNK)

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

**Price:** USD 39.61 (-0.78% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 39.92 · day 39.37–40.53 · 52w 21.6–40.53 · market cap $4.59B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.36B, net income $217M (6.4% margin) (SEC filings).
- Valuation: P/E 21.2x (avg 16.5x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $4.4M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.36 on a 1–5 scale) (11 analysts), mean target USD 40.82 (range 34–47).
- Total return with dividends: 1Y +51.6% vs S&P 500 +14.9%; 5Y +97.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.92, revenue estimate $1.02B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.51B | $2.45B | $3.07B | $3.05B | $3.12B | $3.36B |
| Operating income | -$252M | — | — | — | — | — |
| Net income | -$423M | -$271M | $188M | $310M | $138M | $217M |
| EPS (diluted) | -$3.55 | -$2.26 | $1.34 | $2.06 | $1.04 | — |
| Free cash flow | $70.7M | — | — | — | — | — |
| Operating margin | -16.7% | — | — | — | — | — |
| Net margin | -28.0% | -11.0% | 6.1% | 10.2% | 4.4% | 6.4% |
| Revenue growth | +120.1% | +62.5% | +24.9% | -0.6% | +2.1% | — |
| Cash + short-term investments | $707M | $14.9M | $10.8M | $0K | $0K | — |
| Total debt | $2.50B | — | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 21.2x · P/S 1.4x · Earnings yield 4.72%
P/E at fiscal year-ends: Dec 2025 22.6x, Dec 2024 15.5x, Dec 2023 11.4x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-01 | Zoradi Mark | Director | 150,000 | $4.4M | 34.4% | Yes (adopted November 20, 2025) | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
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 Buy (mean 2.36 on a 1–5 scale), 11 analysts; mean target USD 40.82 (low 34, high 47).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-24 | Morgan Stanley | Target lowered | Equal-Weight | $42 → $40 |
| 2026-09-02 | Macquarie | Target raised | Outperform | $42 → $44 |
| 2026-08-14 | JP Morgan | Downgrade | Overweight → Neutral | $40 → $39 |
| 2026-07-31 | JP Morgan | Target raised | Overweight | $35 → $40 |
| 2026-07-31 | B. Riley Securities | Target raised | Neutral | $35 → $37 |
| 2026-07-31 | Wells Fargo | Target raised | Equal-Weight | $31 → $34 |
| 2026-07-31 | Benchmark | Target raised | Buy | $37 → $40 |
| 2026-07-31 | Wedbush | Target raised | Outperform | $40 → $43 |
| 2026-07-30 | Macquarie | Target raised | Outperform | $38 → $42 |
| 2026-07-29 | Wedbush | Target raised | Outperform | $37 → $40 |
| 2026-07-17 | B. Riley Securities | Target lowered | Neutral | $36 → $35 |
| 2026-07-16 | Wells Fargo | Downgrade | Overweight → Equal-Weight | $36 → $31 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +51.6% | +97.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +51.9% | +14.6% |
| Volatility (annualized) | 39.5% | 47.3% |
| Max drawdown | -27.6% (Nov 2025→Dec 2025) | -61.9% (Nov 2021→Jan 2023) |

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

## More
Full page: https://nexqual.com/CNK · 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 CNK's own 10-K filed 2026-02-18 (https://www.sec.gov/Archives/edgar/data/1385280/000119312526056015/cnk-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | AC JV | "In addition, AC JV, LLC, our joint venture with Regal Entertainment Group and AMC Entertainment, Inc., provides marketing and distribution of live and pre-recorded entertainment programming to augment theaters' feature f…" |
| Partner | Entertainment Group and AMC Entertainment | "In addition, AC JV, LLC, our joint venture with Regal Entertainment Group and AMC Entertainment, Inc., provides marketing and distribution of live and pre-recorded entertainment programming to augment theaters' feature f…" |
| Partner | National CineMedia, Inc. (NCMI) | "The Company entered into an Exhibitor Services Agreement with NCM ("ESA") pursuant to which NCM primarily provides screen advertising to the Company's domestic theaters through its branded "Noovie" pre-show entertainment…" |

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

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| 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…" |

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

| Line | Revenue | Share | YoY |
|---|---|---|---|
| US Reportable | $860.0M | 79.2% | +13.3% |
| International Reportable | $226.4M | 20.8% | +24.9% |
| Total revenue | $1.09B | 100% | — |

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

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Admission | $434.4M | 40.0% | +13.3% |
| Concessions | $348.9M | 32.1% | +13.4% |
| Other Revenue | $50.9M | 4.7% | +16.5% |
| Screen Advertising Screen Rental & Promotional Revenues | $25.8M | 2.4% | +4.9% |
| Total revenue | $1.09B | 100% | — |
The lines above cover 79.2% of total revenue.

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.92 | $0.70 | +31.7% | $1.02B | 9 |
| Next quarter (ends 2026-12-31) | $0.55 | $0.48 | +15.0% | $881.8M | 9 |
| Current fiscal year (ends 2026-12-31) | $2.63 | $2.14 | +22.9% | $3.63B | 9 |
| Next fiscal year (ends 2027-12-31) | $2.80 | $2.45 | +14.4% | $3.70B | 9 |

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

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±10.7%; last 8 reports averaged ±5.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 47.3% | ±10.7% |
| 2026-12-18 | 56 | 41.3% | ±13.1% |
| 2027-01-15 | 84 | 38.5% | ±14.8% |
| 2027-03-19 | 147 | 38.7% | ±19.6% |
| 2027-06-17 | 237 | 40.8% | ±26.1% |