The Marcus Corporation (MCS) Key Metrics
MCS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $863.9M
- Enterprise value
- $1.15B
- P/E (TTM)
- 37.9 10-yr median 23.4
- Forward P/E
- 28.3
- PEG ratio
- 4.11
- Price / sales
- 1.2 10-yr median 1.2
- Price / book
- 1.9 10-yr median 1.4
- EV / EBITDA
- 11.0 10-yr median 10.4
- Dividend yield
- 0.99% $0.36 a year
- Beta
- 0.58
MCS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMCS valuation Price multiples at each fiscal year-end price.
MCS returns How much profit the business earns on the capital it uses.
MCS per-share figures Results divided by the shares outstanding at year-end.
MCS financial health Debt, liquidity and how easily interest is covered.
MCS efficiency & capital use Working capital cycle and where the cash goes.
MCS valuation history
MCS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MCS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MCS cash returned to shareholders
MCS price vs earnings per share
MCS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $485.1M | $685.6M | $597.6M | $453.1M | $560.1M | $418.4M | $989.7M | $1.13B | $776.5M | $880.6M |
| Enterprise value | $797.2M | $989.2M | $915.7M | $835.2M | $1.05B | $973.8M | $1.45B | $1.38B | $1.09B | $1.23B |
| P/E ratio | 38.2 | — | 40.4 | — | — | — | 23.6 | 21.2 | 11.9 | 23.2 |
| Price / sales | 0.6 | 0.9 | 0.8 | 0.7 | 1.2 | 1.8 | 1.2 | 1.6 | 1.2 | 1.6 |
| Price / book | 1.1 | 1.5 | 1.3 | 1.0 | 1.2 | 0.8 | 1.6 | 2.3 | 1.7 | 2.2 |
| Price / free cash flow | 490.5 | 27.7 | 9.4 | 8.0 | 19.2 | — | 12.8 | 14.4 | — | — |
| Price / operating cash flow | 5.8 | 6.6 | 5.8 | 4.9 | 12.1 | — | 7.0 | 8.3 | 7.1 | 10.7 |
| EV / sales | 1.1 | 1.3 | 1.3 | 1.2 | 2.3 | 4.1 | 1.8 | 1.9 | 1.8 | 2.3 |
| EV / EBITDA | 8.8 | 14.4 | 9.0 | 10.4 | 33.1 | — | 10.5 | 9.8 | 8.3 | 11.0 |
| EV / free cash flow | 806.0 | 40.0 | 14.3 | 14.8 | 36.1 | — | 18.7 | 17.5 | — | — |
| Earnings yield | 2.6% | −1.1% | 2.5% | −2.6% | −7.7% | −29.8% | 4.2% | 4.7% | 8.4% | 4.3% |
| Free cash flow yield | 0.2% | 3.6% | 10.7% | 12.4% | 5.2% | −21.5% | 7.8% | 6.9% | −0.7% | −0.1% |
| Dividend yield | 1.9% | 1.3% | 1.2% | 0.7% | 0.0% | 1.2% | 2.0% | 1.4% | 1.7% | 1.4% |
| Shareholder yield (dividends + buybacks) | 5.7% | 2.7% | 1.3% | 1.0% | 0.1% | 1.4% | 2.0% | 1.7% | 1.8% | 2.1% |
| Share price at fiscal year-end | $15.51 | $21.50 | $14.58 | $14.39 | $17.86 | $13.48 | $31.77 | $39.50 | $27.35 | $31.50 |
| Per share | ||||||||||
| Revenue per share | $24.25 | $23.07 | $17.80 | $21.51 | $14.61 | $7.66 | $26.35 | $24.63 | $21.93 | $19.45 |
| Earnings per share | $0.41 | −$0.24 | $0.36 | −$0.38 | −$1.38 | −$4.02 | $1.35 | $1.86 | $2.29 | $1.36 |
| Operating cash flow per share | $2.69 | $3.26 | $2.50 | $2.96 | $1.47 | −$2.21 | $4.54 | $4.78 | $3.84 | $2.96 |
| Free cash flow per share | $0.03 | $0.78 | $1.56 | $1.79 | $0.93 | −$2.90 | $2.48 | $2.74 | −$0.20 | −$0.03 |
| Cash per share | $0.75 | $1.54 | $1.49 | $0.81 | $0.71 | $0.26 | $0.86 | $0.78 | $0.72 | $0.31 |
| Book value per share | $14.62 | $14.58 | $11.50 | $14.51 | $14.46 | $16.07 | $19.95 | $17.07 | $15.68 | $14.01 |
| Tangible book value per share | $12.01 | $12.01 | $9.50 | $11.91 | $11.85 | $13.41 | $17.21 | $15.23 | $13.79 | $12.11 |
| Dividends per share | $0.29 | $0.28 | $0.18 | $0.10 | $0.01 | $0.17 | $0.62 | $0.57 | $0.48 | $0.43 |
| Capex per share | $2.66 | $2.48 | $0.95 | $1.17 | $0.54 | $0.69 | $2.06 | $2.04 | $4.04 | $2.99 |
| Debt per share | $10.73 | $11.06 | $9.25 | $12.95 | $16.43 | $18.15 | $15.57 | $9.30 | $11.89 | $12.74 |
| Shares outstanding | 31.3M | 31.9M | 41.0M | 31.5M | 31.4M | 31.0M | 31.2M | 28.7M | 28.4M | 28.0M |
| Change in shares outstanding | −1.9% | −22.2% | +30.2% | +0.4% | +1.0% | −0.4% | +8.5% | +1.1% | +1.6% | +0.1% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 2.8% | −1.7% | 3.2% | −2.6% | −9.1% | −22.3% | 7.6% | 11.4% | 15.5% | 10.0% |
| Return on invested capital (ROIC) | 2.8% | 1.6% | 2.8% | 0.7% | −3.3% | −13.2% | 5.8% | 8.9% | 9.7% | 6.7% |
| Return on assets (ROA) | 1.2% | −0.7% | 1.4% | −1.1% | −3.5% | −9.6% | 3.6% | 5.3% | 6.7% | 4.4% |
| Return on tangible assets | 1.4% | −0.8% | 1.5% | −1.2% | −3.9% | −10.7% | 3.3% | 5.7% | 6.7% | 4.4% |
| Free cash flow margin | 0.1% | 3.4% | 8.8% | 8.3% | 6.4% | −37.8% | 9.4% | 11.1% | −0.9% | −0.2% |
| Income quality (OCF / net income) | 6.63 | — | 6.94 | — | — | — | 3.37 | 2.57 | 1.68 | 2.18 |
| Financial health | ||||||||||
| Total debt | $335.5M | $352.6M | $379.1M | $407.8M | $515.1M | $563.5M | $485.2M | $266.9M | $337.7M | $356.2M |
| Cash & short-term investments | $23.4M | $49.0M | $61.0M | $25.6M | $22.3M | $8.2M | $26.7M | $22.4M | $20.3M | $8.7M |
| Net debt | $312.0M | $303.6M | $318.1M | $382.1M | $492.8M | $555.3M | $458.5M | $244.5M | $317.4M | $347.5M |
| Debt / equity | 0.73 | 0.76 | 0.80 | 0.89 | 1.14 | 1.13 | 0.78 | 0.54 | 0.76 | 0.91 |
| Debt / assets | 0.33 | 0.34 | 0.36 | 0.38 | 0.43 | 0.45 | 0.36 | 0.27 | 0.33 | 0.39 |
| Net debt / EBITDA | 3.45 | 4.42 | 3.13 | 4.75 | 15.48 | — | 3.31 | 1.73 | 2.40 | 3.11 |
| Current ratio | 0.45 | 0.57 | 0.67 | 0.41 | 0.47 | 0.31 | 0.45 | 0.46 | 0.48 | 0.21 |
| Quick ratio | 0.41 | 0.53 | 0.63 | 0.37 | 0.45 | 0.30 | 0.42 | 0.43 | 0.46 | 0.19 |
| Interest coverage | 1.9 | 1.5 | 2.7 | 0.5 | -2.2 | -11.0 | 5.8 | 6.4 | 6.4 | 7.8 |
| Working capital | −$89.8M | −$75.8M | −$54.4M | −$92.5M | −$113.2M | −$149.6M | −$95.7M | −$80.3M | −$83.0M | −$132.0M |
| Invested capital | $769.4M | $768.5M | $789.3M | $839.1M | $946.4M | $1.05B | $1.08B | $734.6M | $762.5M | $739.2M |
| Tangible asset value | $375.6M | $383.0M | $389.3M | $375.0M | $371.5M | $416.2M | $536.1M | $437.2M | $391.4M | $338.4M |
| Net current asset value | −$483.5M | −$478.8M | −$483.9M | −$543.8M | −$634.8M | −$687.6M | −$658.5M | −$430.3M | −$496.0M | −$480.8M |
| Graham number | $11.55 | — | $9.66 | — | — | — | $24.61 | $26.72 | $28.42 | $20.67 |
| Graham net-net per share | −$16.49 | −$16.03 | −$12.57 | −$17.88 | −$21.31 | −$24.01 | −$22.02 | −$15.86 | −$18.66 | −$17.66 |
| Capital allocation | ||||||||||
| Dividends paid | $9.2M | $8.8M | $7.4M | $3.1M | $177,000 | $5.1M | $19.3M | $16.4M | $13.5M | $12.0M |
| Share buybacks (net) | $18.5M | $10.0M | $503,000 | $1.5M | $417,000 | $534,000 | $0 | $2.5M | $421,000 | $6.1M |
| Dividend payout ratio | 72.2% | — | 50.4% | — | — | — | 46.0% | 30.7% | 20.8% | 31.8% |
| Dividends + buybacks / free cash flow | — | 75.9% | 12.5% | 8.1% | 2.0% | — | 25.0% | 24.1% | — | — |
| Capex / revenue | 11.0% | 10.8% | 5.3% | 5.4% | 3.7% | 9.0% | 7.8% | 8.3% | 18.4% | 15.4% |
| Capex / operating cash flow | 98.8% | 76.2% | 37.8% | 39.5% | 36.9% | — | 45.3% | 42.7% | 105.3% | 101.2% |
| Capex / depreciation | 1.19 | 1.17 | 0.58 | 0.55 | 0.24 | 0.28 | 0.89 | 0.95 | 2.21 | 1.98 |
| Stock-based compensation / revenue | 1.0% | 1.1% | 0.9% | 1.2% | 2.0% | 1.8% | 0.4% | 0.4% | 0.4% | 0.3% |
| R&D / revenue | — | — | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 19.0% | 19.0% | 17.5% | 18.4% | 22.9% | 37.4% | 15.1% | 15.2% | 16.8% | 17.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 9.8 | 10.2 | 10.3 | 20.8 | 22.3 | 22.9 | 12.3 | 13.7 | 12.8 | 7.5 |
| Days of inventory on hand | 5.5 | 5.2 | 4.8 | 4.6 | 5.5 | 9.8 | 3.9 | 4.1 | 4.6 | 4.5 |
| Days payables outstanding | 37.4 | 35.9 | 28.7 | 29.5 | 32.5 | 67.4 | 34.9 | 44.5 | 42.9 | 36.2 |
| Cash conversion cycle (days) | -22.1 | -20.4 | -13.6 | -4.2 | -4.7 | -34.6 | -18.7 | -26.7 | -25.6 | -24.2 |
| Receivables turnover | 37.42 | 35.74 | 35.45 | 17.57 | 16.34 | 15.91 | 29.77 | 26.73 | 28.52 | 48.71 |
| Payables turnover | 9.77 | 10.18 | 12.74 | 12.36 | 11.22 | 5.42 | 10.46 | 8.21 | 8.51 | 10.09 |
| Inventory turnover | 66.44 | 69.57 | 76.54 | 79.43 | 65.77 | 37.19 | 92.59 | 89.08 | 80.14 | 81.63 |
| Asset turnover | 0.74 | 0.70 | 0.69 | 0.60 | 0.38 | 0.18 | 0.70 | 0.70 | 0.65 | 0.63 |
| Average receivables | $20.3M | $20.6M | $20.6M | $38.6M | $28.0M | $14.9M | $27.6M | $26.5M | $21.8M | $11.2M |
| Average payables | $47.6M | $44.0M | $34.8M | $34.0M | $24.5M | $31.3M | $43.4M | $44.5M | $40.0M | $28.6M |
| Average inventory | $7.0M | $6.4M | $5.8M | $5.3M | $4.2M | $4.6M | $4.9M | $4.1M | $4.2M | $3.5M |
| Intangibles / total assets | 8.1% | 7.8% | 7.7% | 7.7% | 6.9% | 6.6% | 6.3% | 5.3% | 5.3% | 5.9% |
Computed from MCS's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MCS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Marcus traded at 38.2 times earnings, against a 10-year median of 23.4. Based on the latest twelve months, the trailing P/E is 37.9 and the forward P/E is 28.3. Marcus earned a return on equity of 2.8% and a return on invested capital of 2.8% in fiscal 2025. It ended the year with $335.5 million of debt and $23.4 million in cash and short-term investments, net debt of $312.0 million. It returned $27.7 million to shareholders: $9.2 million in dividends and $18.5 million in share buybacks. The share count rose 11.9% from 28.0M to 31.3M over 9 years.
See the MCS income statement, the MCS chart for price history, or the MCS stock overview for the latest quote and news.
MCS key metrics FAQ
What is Marcus's P/E ratio?
Marcus's trailing P/E ratio is 37.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 28.3. At the end of fiscal 2025 it was 38.2, compared with a 10-year median of 23.4.
What is Marcus's EV/EBITDA?
Marcus's enterprise value was 8.8 times EBITDA at the end of fiscal 2025 (enterprise value $797.2 million, EBITDA $90.4 million); the current EV/EBITDA is 11.0.
What is Marcus's return on equity?
Marcus's return on equity (ROE) was 2.8% in fiscal 2025: net income of $12.7 million on average shareholders' equity of $461.1 million.
What is Marcus's ROIC?
Marcus's return on invested capital was 2.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Marcus have?
Marcus had total debt of $335.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.73 and $312.0 million of net debt (3.45 times EBITDA).
What is Marcus's dividend yield?
Marcus's forward dividend yield is 0.99%. Marcus paid $9.2 million in dividends in fiscal 2025 ($0.29 per share), a payout ratio of 72.2%.
Does Marcus buy back its shares?
Yes. Marcus spent $18.5 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.9% over the year, to 31.3M..
What is Marcus's free cash flow yield?
Marcus generated $1.0 million of free cash flow in fiscal 2025, a free cash flow yield of 0.2% on its market value at year-end ($485.1 million).
What is Marcus's current ratio?
Marcus's current ratio was 0.45 at the end of fiscal 2025: current assets were 0.45 times current liabilities.