National CineMedia (NCMI) Gross Margin (2010 - 2026)
National CineMedia (NCMI) posted Gross Margin of 88.24% for Q2 2026, down 8.22% sequentially from 96.14% in Q1 2026, and down 288.0% YoY from 46.93% in Q2 2025.
National CineMedia (NCMI) Gross Margin (2010 - 2026) Analysis & Trends
National CineMedia has reported Gross Margin for 17 years, with the latest figure at 88.24% in Q2 2026.
- Quarterly Gross Margin fell 288.0% year-over-year to 88.24% in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 94.22% (down 24.0% YoY) and the FY2026 annual result came in at 94.65%, up 34.0% from the prior year.
- Gross Margin fell to 88.24% in Q2 2026 per NCMI's latest filing, from 96.14% in the prior quarter.
- Over five years, Gross Margin peaked at 121.05% in Q4 2022 and troughed at 86.91% in Q1 2022.
- A 5-year average of 93.76% and a median of 93.24% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin jumped 1469 bps in 2022, then plunged 2512 bps in 2023.
- Over 5 years, Gross Margin stood at 121.05% in 2022, then fell by 21 bps to 95.93% in 2023, then grew by 1 bps to 96.41% in 2024, then slipped by 2 bps to 94.95% in 2025, then dropped by 7 bps to 88.24% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 88.24%, 96.14%, and 94.95% for Q2 2026, Q1 2026, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 103.70 Bn | 100.65 Bn | 1.70 Bn | 88.26% |
| 2 | Omnicom | 24.37 Bn | 21.03 Bn | 1.30 Bn | 19.78% |
| 3 | Trade Desk | 6.27 Bn | 4.78 Bn | 530.72 Mn | 74.22% |
| 4 | Wpp | 5.67 Bn | 2.50 Bn | - | - |
| 5 | Magnite | 3.35 Bn | 3.02 Bn | 130.79 Mn | 67.83% |
| 6 | Stagwell | 2.09 Bn | 1.98 Bn | 269.24 Mn | 34.24% |
| 7 | DoubleVerify Holdings | 2.05 Bn | 1.84 Bn | 161.31 Mn | 83.24% |
| 8 | Ziff Davis | 2.02 Bn | 410.50 Mn | 241.03 Mn | 84.06% |
| 9 | Clear Channel Outdoor Holdings | 1.22 Bn | 1.02 Bn | 241.86 Mn | 55.21% |
| 10 | National CineMedia | 237.99 Mn | 191.89 Mn | 54.70 Mn | 93.66% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jul 2, 2026 | 93.66% |
| Apr 2, 2026 | 88.24% |
| Jan 1, 2026 | 96.14% |
| Sep 25, 2025 | 94.95% |
| Jun 26, 2025 | 93.82% |
| Mar 27, 2025 | 91.12% |
| Dec 26, 2024 | 96.41% |
| Sep 26, 2024 | 94.71% |
| Jun 27, 2024 | 93.24% |
| Mar 28, 2024 | 90.37% |
| Dec 28, 2023 | 95.93% |
| Sep 28, 2023 | 89.47% |
| Jun 29, 2023 | 96.62% |
| Mar 30, 2023 | 88.83% |
| Dec 29, 2022 | 121.05% |
| Sep 29, 2022 | 88.44% |
| Jun 30, 2022 | 87.63% |
| Mar 31, 2022 | 86.91% |
| Dec 30, 2021 | 114.49% |
| Sep 30, 2021 | 83.60% |