National CineMedia (NCMI) Gross Margin (2010 - 2026)
National CineMedia (NCMI) reported Gross Margin of 88.24% for Q2 2026, down 288.0% on a YoY basis from 46.93% in Q2 2025, and down 8.22% sequentially from 96.14% in Q1 2026.
National CineMedia (NCMI) Gross Margin (2010 - 2026) Analysis & Trends
National CineMedia (NCMI) has 17 years of Gross Margin data on file, last reported at 88.24% in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 288.0% year-over-year to 88.24%; the trailing twelve-month figure through Apr 2026 stood at 94.22% (down 24.0% YoY), and the FY2026 full-year result was 94.65%, up 34.0% from the prior year.
- Gross Margin fell to 88.24% in Q2 2026, from 96.14% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 121.05% in Q4 2022 to a low of 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.
- Across the five-year window, Gross Margin surged 1469 bps in 2022 and slumped 2512 bps in 2023, its largest moves.
- Tracing NCMI's Gross Margin over 5 years: stood at 121.05% in 2022, then slipped by 21 bps to 95.93% in 2023, then gained by 1 bps to 96.41% in 2024, then fell by 2 bps to 94.95% in 2025, then retreated by 7 bps to 88.24% in 2026.
- Business Quant data shows NCMI's Gross Margin at 88.24% in Q2 2026, 96.14% in Q1 2026, and 94.95% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 134.57 Bn | 131.82 Bn | 1.64 Bn | 88.95% |
| 2 | Wpp | 26.03 Bn | 22.66 Bn | - | - |
| 3 | Omnicom | 22.21 Bn | 18.26 Bn | 1.04 Bn | 16.62% |
| 4 | Trade Desk | 7.97 Bn | 6.56 Bn | 506.89 Mn | 73.58% |
| 5 | Magnite | 2.57 Bn | 2.39 Bn | 103.96 Mn | 63.25% |
| 6 | Ziff Davis | 1.94 Bn | 1.42 Bn | 223.32 Mn | 83.44% |
| 7 | Stagwell | 1.76 Bn | 1.66 Bn | 244.61 Mn | 34.74% |
| 8 | DoubleVerify Holdings | 1.67 Bn | 1.50 Bn | 147.67 Mn | 81.66% |
| 9 | Clear Channel Outdoor Holdings | 1.20 Bn | 1.03 Bn | 193.76 Mn | 51.83% |
| 10 | National CineMedia | 178.60 Mn | 130.00 Mn | 30.00 Mn | 88.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 1, 2021 | 77.14% |