MARCUS CORP

MCS · Services-Motion Picture Theaters · 19.0M shares · +7%/yr ↑ dilution · EDGAR filings ↗

Net buyback after stock comp: $18M (gross $24M, SBC $6M)

Reference price $19.04 · est. market cap ~$362M — last insider sale, 2026-04-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

C54

Marcus Corp — theaters + hotels with weak liquidity and an earnings drop.

Strengths

Positive operating cash flow
Owned real estate underpins value

Risks

Net income down sharply (5th pct)
Weak liquidity (current 0.4, 12th)
Theater secular decline / box-office dependence

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Weak liquidityCurrent ratio 0.40 (<1)
Revenue declineRevenue -20.2% YoY
Insider sellingInsider selling — 4 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$579,684, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $206M2025-09-30 · $210M2025-12-31 · $193M2026-03-31 · $154M

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

2.2%

Net margin

1.7%

Return on equity

2.8%

Return on assets

1.3%

ROIC

2.2%

Revenue growth (QoQ)

-20.2%

Debt / equity

0.3×

Net debt / EBITDA

1.6×

Current ratio

0.4×

Free cash flow

$989K

EBITDA

$87M

Tangible book value

$376M

Cash & investments

$23M

Stock comp / revenue

1.0%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-05-21	SELIG ALLAN H	Grant	1.4K	$17.97
2026-05-21	OLSON BRUCE J	Grant	1.4K	$17.97
2026-05-21	MILSTEIN PHILIP L	Grant	1.4K	$17.97
2026-05-21	HOEKSEMA TIMOTHY E	Grant	1.4K	$17.97
2026-05-21	GERSHOWITZ DIANE M	Grant	1.4K	$17.97
2026-05-21	Gehl Katherine M.	Grant	1.4K	$17.97
2026-05-21	STARK BRIAN JAY	Grant	1.4K	$17.97
2026-05-21	SELIG ALLAN H	Grant	1.4K	$17.97
2026-05-21	Ramirez Austin M	Grant	1.4K	$17.97
2026-05-21	STARK BRIAN JAY	Grant	1.4K	$17.97
2026-05-21	OLSON BRUCE J	Grant	1.4K	$17.97
2026-05-21	MILSTEIN PHILIP L	Grant	1.4K	$17.97
2026-05-21	Leff Paul Adam	Grant	1.4K	$17.97
2026-05-21	HOEKSEMA TIMOTHY E	Grant	1.4K	$17.97
2026-05-21	GERSHOWITZ DIANE M	Grant	1.4K	$17.97
2026-05-21	Marcus David John	Grant	1.4K	$17.97
2026-05-01	Gramz Mark A	Tax withheld	12K	—
2026-04-15	Evans Michael Reade	Sell	7.7K	$19.04
2026-04-13	KISSINGER THOMAS F	Option exercise	42K	$15.99
2026-04-13	KISSINGER THOMAS F	Tax withheld	39K	$19.17
2026-03-20	Evans Michael Reade	Sell	37	$15.94
2026-03-06	KISSINGER THOMAS F	Sell	25K	$17.32
2026-03-02	GERSHOWITZ DIANE M	Buy	34K	—
2026-03-02	GERSHOWITZ DIANE M	Gift	36K	—
2026-03-02	Marcus Gregory S	Sell	34K	—
2026-02-23	Paris Chad M	Tax withheld	1.1K	—
2026-02-23	KISSINGER THOMAS F	Tax withheld	2.5K	—
2026-02-23	Marcus Gregory S	Tax withheld	7.6K	—
2026-02-23	Evans Michael Reade	Tax withheld	1.5K	—
2026-02-22	Paris Chad M	Tax withheld	4.6K	—
2026-02-22	KISSINGER THOMAS F	Tax withheld	7.3K	—
2026-02-22	Gramz Mark A	Tax withheld	2.9K	—
2026-02-22	Marcus Gregory S	Tax withheld	20K	—
2026-02-22	Evans Michael Reade	Tax withheld	5.0K	—
2026-02-11	Paris Chad M	Grant	26K	—
2026-02-11	KISSINGER THOMAS F	Grant	32K	—
2026-02-11	Gramz Mark A	Grant	16K	—
2026-02-11	Marcus Gregory S	Grant	93K	—
2026-02-11	Evans Michael Reade	Grant	22K	—
2025-12-31	Marcus David John	Grant	4.2K	—
2025-12-31	STARK BRIAN JAY	Grant	4.2K	—
2025-12-31	SELIG ALLAN H	Grant	4.2K	—
2025-12-31	Ramirez Austin M	Grant	4.2K	—
2025-12-31	OLSON BRUCE J	Grant	4.2K	—
2025-12-31	MILSTEIN PHILIP L	Grant	4.2K	—
2025-12-31	Leff Paul Adam	Grant	4.2K	—
2025-12-31	HOEKSEMA TIMOTHY E	Grant	4.2K	—
2025-12-31	GERSHOWITZ DIANE M	Grant	4.2K	—
2025-12-31	Gehl Katherine M.	Grant	4.2K	—
2025-11-05	Marcus David John	Grant	911	—
2025-09-15	GERSHOWITZ DIANE M	Gift	8.0K	—
2025-09-15	GERSHOWITZ DIANE M	Buy	5.8K	—
2025-09-15	Marcus Gregory S	Sell	5.8K	—
2025-08-05	Leff Paul Adam	Grant	1.1K	—
2025-06-05	Evans Michael Reade	Sell	935	$8.26
2025-05-15	Gramz Mark A	Sell	5.1K	$8.33
2025-05-07	SELIG ALLAN H	Grant	1.5K	$16.25
2025-05-07	GERSHOWITZ DIANE M	Grant	1.5K	$16.25
2025-05-07	Gehl Katherine M.	Grant	1.5K	$16.25
2025-05-07	OLSON BRUCE J	Grant	1.5K	$16.25
2025-05-07	Ramirez Austin M	Grant	1.5K	$16.25
2025-05-07	HOEKSEMA TIMOTHY E	Grant	1.5K	$16.25
2025-05-07	STARK BRIAN JAY	Grant	1.5K	$16.25
2025-05-07	MILSTEIN PHILIP L	Grant	1.5K	$16.25
2025-03-03	GERSHOWITZ DIANE M	Buy	22K	—
2025-03-03	GERSHOWITZ DIANE M	Gift	27K	—
2025-03-03	Marcus Gregory S	Sell	22K	—
2025-03-01	Paris Chad M	Tax withheld	1.6K	$18.34
2025-03-01	Evans Michael Reade	Tax withheld	2.1K	$18.34
2025-03-01	KISSINGER THOMAS F	Tax withheld	3.4K	$18.34
2025-03-01	Marcus Gregory S	Tax withheld	9.7K	$18.34
2025-02-25	Marcus Gregory S	Tax withheld	6.8K	$20.81
2025-02-25	KISSINGER THOMAS F	Tax withheld	2.7K	$20.81
2025-02-25	Evans Michael Reade	Tax withheld	1.3K	$20.81
2025-02-12	Evans Michael Reade	Grant	15K	—
2025-02-12	Gramz Mark A	Grant	11K	—
2025-02-12	KISSINGER THOMAS F	Grant	22K	—
2025-02-12	Paris Chad M	Grant	15K	—
2025-02-12	Marcus Gregory S	Grant	62K	—

All non-derivative Form 4 activity (SEC), newest first.

Supply chain

Customers (0)

Suppliers (3)

Dolby
IMAX
ScreenX

Named in the 10-K; linked when we track them.

Notable events (8-K)

Date	Items
2026-05-29	Shareholder vote	filing ↗
2026-04-30	ResultsExhibits	filing ↗
2026-04-30	Exec/director changeOther	filing ↗
2026-02-26	ResultsExhibits	filing ↗
2025-11-12	Exec/director change	filing ↗
2025-10-31	ResultsExhibits	filing ↗
2025-08-07	Exec/director changeExhibits	filing ↗
2025-08-01	ResultsExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-05-29	2026-05-21	0000062234-26-000033 ↗
10-Q	2026-04-30	2026-03-31	0000062234-26-000028 ↗
8-K	2026-04-30	2025-06-23	0000062234-26-000027 ↗
8-K	2026-04-30	2026-04-30	0000062234-26-000024 ↗
10-K	2026-02-27	2025-12-31	0000062234-26-000011 ↗
8-K	2026-02-26	2026-02-26	0000062234-26-000005 ↗
8-K	2025-11-12	2025-11-05	0000062234-25-000049 ↗
10-Q	2025-10-31	2025-09-30	0000062234-25-000047 ↗
8-K	2025-10-31	2025-10-31	0000062234-25-000044 ↗
8-K	2025-08-07	2025-08-05	0000062234-25-000039 ↗
8-K	2025-08-01	2025-08-01	0000062234-25-000035 ↗
10-Q	2025-08-01	2025-06-30	0000062234-25-000037 ↗