Marcus Corporation
Runs the fourth-largest US movie theatre circuit and a family-controlled hotel and resort portfolio.
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Profile
Operates a fourth-largest US movie theatre circuit alongside a portfolio of full-service hotels and resorts, deriving revenue from box office admissions, concessions, and hotel room and event bookings. The Marcus family retains voting control through super-voting shares, and the company owns most of the real estate beneath its theatres and hotels rather than leasing it.
Runs two hospitality businesses: a movie theatre circuit under the Marcus Theatres, Movie Tavern, and BistroPlex brands, and a portfolio of full-service hotels operated under its own names — including Milwaukee's Pfister Hotel — and under Hilton, Marriott, Hyatt, and IHG flags.
The theatre circuit ranks fourth-largest nationally, spread across more than a dozen states; the hotel portfolio sits in a smaller cluster of states, both rooted in the company's Wisconsin base since its 1935 founding.
A majority-owned real estate model underlies both segments, keeping fixed costs low relative to peers that lease. Voting control rests with the founding Marcus family through super-voting shares, now in its third generation of family leadership.
Theatre results track the strength of the film release slate, while hotel results depend on group and leisure travel demand concentrated around the Milwaukee market.
Company facts
Categories
Key statistics
Year to date +90.1% · Average volume (30d) 327.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Barrington | Target | $33 | |||
| Jul 31, 2026 | Wedbush | Reiterate | Outperform | $23 | $34 | |
| Jul 31, 2026 | B. Riley Securities | Downgrade | Buy | Neutral | ||
| Apr 30, 2026 | Wedbush | Reiterate | Outperform | $24 | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.35 | $0.51 | +44.7% | $217.7M | $231.7M | +6.4% | +18.95% |
| Apr 30, 2026Q1 FY26 | −$0.54 | −$0.51 | +5.6% | $148.8M | $154.4M | +3.8% | −0.23% |
| Feb 26, 2026Q4 FY25 | $0.07 | −$0.06 | −185.7% | $183.8M | $193.5M | +5.3% | +2.50% |
| Oct 31, 2025Q3 FY25 | $0.43 | $0.42 | −2.3% | $207.0M | $210.2M | +1.5% | +1.25% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $148.8M | $206.0M | $210.2M | $193.5M | $154.4M | $231.7M | |
| Gross profit | $47.3M | $81.4M | $193.2M | $456.1M | $137.8M | $95.5M | |
| Operating income | −$20.4M | $13.0M | $22.7M | $1.7M | −$19.3M | $27.1M | |
| Net income | −$16.8M | $7.3M | $16.2M | $6.0M | −$15.4M | $15.8M | |
| Diluted EPS | −$0.53 | $0.23 | $0.52 | $0.19 | −$0.50 | $0.52 | |
| Gross margin | 31.8% | 39.5% | 91.9% | 235.7% | 89.3% | 41.2% | |
| Operating margin | -13.7% | 6.3% | 10.8% | 0.9% | -12.5% | 11.7% |
Fiscal years (4-quarter sums)FY21 $458.2M · FY22 $677.4M · FY23 $729.6M · FY24 $735.6M · FY25 $758.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $26.3M · Total debt $320.0M · Total assets $999.5M · Shareholders' equity $456.9M
Dividends
Raised for 3 straight years — most recently to $0.09 from $0.08 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 25, 2026 | Aug 25 | Sep 15 | $0.09 | raised from $0.08 |
| Jun 1, 2026 | Jun 1 | Jun 15 | $0.08 | |
| Feb 25, 2026 | Feb 25 | Mar 16 | $0.08 | |
| Nov 25, 2025 | Nov 25 | Dec 15 | $0.08 | |
| Aug 25, 2025 | Aug 25 | Sep 15 | $0.08 | raised from $0.07 |
| May 27, 2025 | May 27 | Jun 16 | $0.07 | |
| Feb 25, 2025 | Feb 25 | Mar 17 | $0.07 | |
| Nov 25, 2024 | Nov 25 | Dec 16 | $0.07 |
Ownership
Shares outstanding 30.85M · Float —
Float — provider float is below the insider stake.
The provider's float is smaller than the insider stake it should exclude, so it is not shown.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Marcus Stephen H | 4.51M | 14.33% | 13G | Feb 14, 2025 |
| BlackRock, Inc. | 2.37M | 7.67% | 13F | Aug 7, 2026 |
| Orbis Allan Gray Ltd | 2.19M | 7.10% | 13F | Aug 14, 2026 |
| Diane M. Gershowitz · director, 10 percent owner: | 2.09M | 6.79% | Form 4 | May 26, 2026 |
| Orbis Investment Management Limited | 1.94M | 8.10% | 13G | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 15, 2026 | Michael Reade Evans | officer: Pres., Marcus Hotels & Resorts | −7,671 | $19.04 |
| Mar 20, 2026 | Michael Reade Evans | officer: Pres., Marcus Hotels & Resorts | −37 | $15.94 |
| Mar 6, 2026 | Thomas F. Kissinger | director, officer: Sr Exec VP, Gen Counsel & Secy | −25,000 | $17.32 |
| Mar 2, 2026 | Gregory S. Marcus | director, officer: President and CEO | +33,915 | |
| Mar 2, 2026 | Gregory S. Marcus | director, officer: President and CEO | −33,915 |
Peers
- AMC Entertainment
Largest global cinema circuit competing head-to-head for moviegoers
- Cinemark
Global-scale circuit overlapping directly in Midwest markets
- Xenia Hotels & Resorts
Larger self-advised REIT owning full-service hotels via third-party brands
- DiamondRock Hospitality
Larger self-advised REIT owning premium hotels via third-party operators
- Hyatt Hotels
Global asset-light franchisor competing for the same guest dollar
- Sunstone Hotel Investors
REIT owning fewer, larger upper-upscale hotels via third-party brands
- IMAX
Premium large-format screen licensor competing for the same audience
- Reading International
Smaller multi-country cinema operator navigating financial strain
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Marcus Corporation | $29.02 | +0.10% | $895.2M | 39.8 | 38.2 | 1.1 | +12.5% |
| AMC Entertainment | $2.60 | −0.02% | $2.31B | — | — | 0.4 | +14.2% |
| Cinemark | $35.66 | −0.86% | $4.17B | 20.0 | 15.5 | 1.2 | +15.5% |
| Xenia Hotels & Resorts | $19.62 | +0.87% | $1.80B | — | 38.1 | 1.6 | +2.8% |
| DiamondRock Hospitality | $12.70 | 0.00% | $2.60B | 17.4 | 20.1 | 2.3 | +4.1% |
| Hyatt Hotels | $171.02 | −0.73% | $16.33B | 210.1 | 44.5 | 2.6 | −0.5% |
| Sunstone Hotel Investors | $11.33 | −0.13% | $2.11B | 46.0 | 52.5 | 2.1 | +6.7% |
| IMAX | $50.64 | +0.51% | $2.76B | 69.4 | 26.2 | 6.6 | +12.1% |
| Reading International | $2.01 | 0.00% | $70.3M | — | — | 0.3 | +10.8% |
| Median | 46.0 | 32.2 | 1.9 | +8.7% |