Filing Flows › Marcus (MCS) › Q3 2025
Marcus (MCS) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Marcus (MCS) reported revenue of $210M for the third quarter 2025 (Q3 2025), -10% from a year earlier and +2% from the quarter before. Operating margin was 10.8%, net earnings $16.2M (7.7% of revenue).
Marcus, Q3 2025: revenue $210M (-10% year over year), operating margin 10.8%, net earnings $16.2M, operating cash flow $39.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $210M | +2% | -10% |
| Operating profit | $22.7M | +75% | -31% |
| Net earnings | $16.2M | +122% | -30% |
| Operating cash flow | $39.1M | +24% | +28% |
| Free cash flow | $18.2M | +24% | +51% |
What changed
Revenue was $210.2M in Q3 2025, down 10% year over year and up 2% from the previous quarter.
Operating profit was $22.7M, a 10.8% margin (down 3.3 points year over year). Total costs fell 6% while revenue fell 10%. Net earnings were $16.2M, down 30% year over year. The effective tax rate was 32.9%.
Operating cash flow was $39.1M (up 28% year over year), 241% of net earnings. Non-cash charges added back $16.8M of depreciation and $1.2M of share-based compensation. Working capital and other items added $4.8M. Capital expenditures of $20.9M left free cash flow of $18.2M.
Questions
What was Marcus' revenue in the third quarter 2025?
Marcus (MCS) reported revenue of $210M for the third quarter 2025 (Q3 2025), -10% from a year earlier and +2% from the quarter before.
Was Marcus profitable in the third quarter 2025?
Operating profit was $22.7M (10.8% of revenue) and net earnings $16.2M.
Source: Marcus 10-Q on SEC EDGAR.