MCS MARCUS CORP

Overview and Growth

MARCUS CORP generated $758.46M of revenue in fiscal 2025, with net income of $12.69M and an operating cash inflow of $84.20M. Revenue of $758.46M sets the scale for evaluating how effectively sales translated into profit and cash during the year. The top line expanded 3.1% from $735.56M in fiscal 2024, increasing the company’s operating scale. Asset turnover was 0.75x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The reported operating result was $17.06M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 2.2%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $12.69M for the fiscal year. Measured against reported revenue, net income produced a 1.7% margin after operating costs and the remaining recognized items. The earnings statement records $8.71M of pretax income, the profit base against which the reported tax provision can be assessed. Measured against revenue, pretax income equaled 1.1%, adding a pre-tax profitability layer between revenue and net income. The reported tax benefit was $3.98M, favorably bridging the pretax and after-tax results. The tax benefit equaled 45.8% of positive pretax income, lifting the after-tax result. Return on period-end equity was 2.8%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 1.3%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

At period end, the $1.01B asset base was financed through $557.15M of liabilities and $457.38M of equity. The near-term balance sheet paired $64.58M of current assets with $163.44M of current liabilities at the reporting date. Current assets covered only 0.4x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $23.45M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 14.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $159.01M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.35x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 15.7%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 54.9%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 2.3% of total assets, showing the liquid cash component within the company’s broader resource base. Total assets were 2.9% lower than fiscal 2024 assets of $1.04B, measuring the company’s own balance-sheet change. Against $464.87M of equity in fiscal 2024, the current book-equity balance moved 1.6% and ended lower.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $84.20M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 6.63x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $83.21M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 98.8% of operating cash flow, leaving the remainder available as free cash flow. After capital spending, free cash flow was $989.00K, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 0.1% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 0.1% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.