National CineMedia (NCMI) Operating Margin (2010 - 2026)
National CineMedia (NCMI) reported Operating Margin of 79.12% for Q2 2026, down 1064.0% on a YoY basis from 8.21% in Q2 2025, and down 409.82% sequentially from 25.54% in Q1 2026.
National CineMedia (NCMI) Operating Margin (2010 - 2026) Analysis & Trends
National CineMedia (NCMI) has 17 years of Operating Margin data on file, last reported at 79.12% in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 1064.0% year-over-year to 79.12%; the trailing twelve-month figure through Apr 2026 stood at 6.97% (up 176.0% YoY), and the FY2026 full-year result was 5.72%, up 238.0% from the prior year.
- Operating Margin slipped to 79.12% in Q2 2026, from 25.54% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 30.64% in Q4 2022 to a low of 87.68% in Q1 2023.
- A 5-year average of 23.19% and a median of 17.0% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin jumped 46140 bps in 2022 and tumbled 4209 bps in 2023, its largest moves.
- Tracing NCMI's Operating Margin over 5 years: stood at 30.64% in 2022, then decreased by 27 bps to 22.47% in 2023, then grew by 3 bps to 23.06% in 2024, then tumbled by 112 bps to 2.84% in 2025, then sank by 2687 bps to 79.12% in 2026.
- Business Quant data shows NCMI's Operating Margin at 79.12% in Q2 2026, 25.54% in Q1 2026, and 2.84% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AppLovin | 134.57 Bn | 131.82 Bn | 1.64 Bn | 78.15% |
| 2 | Wpp | 26.03 Bn | 22.66 Bn | - | - |
| 3 | Omnicom | 22.21 Bn | 18.26 Bn | 1.04 Bn | 10.35% |
| 4 | Trade Desk | 7.97 Bn | 6.56 Bn | 506.89 Mn | 9.68% |
| 5 | Magnite | 2.57 Bn | 2.39 Bn | 103.96 Mn | 4.70% |
| 6 | Ziff Davis | 1.94 Bn | 1.42 Bn | 223.32 Mn | 1.10% |
| 7 | Stagwell | 1.76 Bn | 1.66 Bn | 244.61 Mn | 1.37% |
| 8 | DoubleVerify Holdings | 1.67 Bn | 1.50 Bn | 147.67 Mn | 8.65% |
| 9 | Clear Channel Outdoor Holdings | 1.20 Bn | 1.03 Bn | 193.76 Mn | 10.56% |
| 10 | National CineMedia | 178.60 Mn | 130.00 Mn | 30.00 Mn | -79.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 2, 2026 | -79.12% |
| Jan 1, 2026 | 25.54% |
| Sep 25, 2025 | -2.84% |
| Jun 26, 2025 | -23.17% |
| Mar 27, 2025 | -68.48% |
| Dec 26, 2024 | 23.06% |
| Sep 26, 2024 | -12.02% |
| Jun 27, 2024 | -17.00% |
| Mar 28, 2024 | -60.70% |
| Dec 28, 2023 | 22.47% |
| Sep 28, 2023 | -49.80% |
| Jun 29, 2023 | -33.11% |
| Mar 30, 2023 | -87.68% |
| Dec 29, 2022 | 30.64% |
| Sep 29, 2022 | -7.71% |
| Jun 30, 2022 | 8.35% |
| Mar 31, 2022 | -62.67% |
| Dec 30, 2021 | 12.60% |
| Sep 30, 2021 | -58.99% |
| Jul 1, 2021 | -211.43% |