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Cinemark Holdings, Inc.CNKCompetitor analysis, valuation and peers

United States · USD·Communication Services›Movies/Entertainment

Third-largest US movie theater chain, also operating cinemas across Latin America, showing first-run films.

Momentum leader 86
Mkt cap
$4.51B
US dollars, full cap
Free float
89%
of shares outstanding
$/day
$84.2M
20-day average traded
Fwd P/E
14.8×
forward earnings
ROIC−WACC
+5.7 pp
WACC 8.3%
Hurdle
-33 pp
Req g minus delivered
Official | Implied
BB / BB
agencies · bond market
Next earnings
105 days
19 Feb 2027
Close · USD$38.90
1D-2.9%
1W-0.7%
1M+5.8%
3M+3.0%
6M+43.8%
YTD+67.4%
1Y+35.1%
ATR %3.6%
Beta0.24
52w lowhigh6.4% off high

What Cinemark does

Third-largest US movie theater chain, also operating cinemas across Latin America, showing first-run films.

Splits each ticket with the film's studio, so the cinema keeps only part of box-office sales, while popcorn, drinks and screen advertising are kept in full and carry much of the profit. Results therefore depend on how many blockbusters studios release and on attendance. Its Latin American theatres add exposure to local currencies.

Products and services

  • US theater circuit
  • Latin America theater circuit
  • Premium formats (XD, D-BOX, 3D)
  • Concessions

Customers

  • Moviegoers
  • Film studios (booking)

Where it sits in the supply chain

  • Communication services
  • Movies/entertainment
  • Cinema exhibition

What could go right

  • Strong theatrical box-office slate
  • Post-pandemic attendance recovery

What could go wrong

  • Streaming/shortened theatrical windows
  • High fixed lease/operating costs

Moat: narrow (scale, distribution, installed base). Large screen footprint and studio relationships, but streaming reduces theatrical window value.

Headquarters: Plano, Texas, United States · Founded: 1984 · Employees: 27,900

Named competitors

Cinemark at a glance

Size Cinemark (CNK) is a United States Communication Services company (Movies/Entertainment) with a market value of $4.51B, the 1261st largest of 3,117 United States companies the cockpit tracks. Shares closed at $38.90 on 6 Nov 2026.

Performance Over six months the shares gained 43.8%, against +11.1% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 13.1% over the last twelve months (peer median +3.8%); the operating margin is 15.1% (peer median 7.3%).

Valuation It trades at 14.8× forward earnings against a peer median of 30.0× (4th cheapest of 17).

Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +35%, so the hurdle is -33 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 5.7 points above its cost of capital (8.3% WACC).

Backlog Backlog (remaining performance obligations) was $577M at 31 Mar 2026 — 0.2 years of trailing revenue. Backlog detail →

Credit Cinemark has 2 bonds outstanding ($1.26B), rated BB by the agencies and trading like BB at a weighted spread of 144 bp.

Short interest Short interest is 6.5% of the free float (15 Oct 2026).

Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026CNK 145Peer median 112
Six months, rebased to 100: Cinemark against the median of its 20 peers (local-currency closes).

Cinemark financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$3.56B$3.12B$3.05B$3.07B$2.45B
Revenue growth—+2%-1%+25%—
Gross profit$786M$578M$580M$571M$255M
EBITDA$747M$544M$560M$581M$304M
Net income$287M$137M$304M$185M-$267M
Free cash flow$341M$177M$315M$295M$25.3M
Capital expenditure$283M$219M$151M$150M$111M
Total debt$2.97B$2.99B$3.46B$3.55B$3.78B

Quarterly statements and history in the cockpit →

Cinemark competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%+100%0%+20%+40%+60%600977LION4816BFTMANUBNJ300251MSGEG13BATRACHDN002739AMC3001330326601595CNK6-month return →1-month return →
Up and to the right = strong over both horizons. Cinemark is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%0×100×200×600977LION4816BFTMANUBNJ300251MSGEG13ITVEVD002739300133601595CNKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Cinemark is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%+60%0%25%50%600977LION4816BFTMANUBNJMSGEG13ITVEVDCHDN002739MSGK601595CNKGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Cinemark is the large dot.

Cinemark competitors and peer comparison

Head to head with its named competitors (CNK vs AMC vs MCS vs IMAX)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Cinemark CNK$4.51B+44%+13%15%14.8×2.4%
AMC Entertainment AMC$2.80B+109%+6%5%n/an/a
Marcus MCS$813M+49%+9%6%30.7×9.2%
IMAX IMAX$2.61B+35%+15%23%18.8×12.2%

How Cinemark compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Cinemark against its 20 peers (data as of 6 Nov 2026)
MeasureCNKPeer medianRank in peer set
1-month return+5.8%+11.3%7th lowest of 20
6-month return+43.8%+11.1%4th highest of 20
Distance from 52-week high-6.4%-16.7%4th highest of 20
Revenue growth (TTM)+13.1%+3.8%5th highest of 21
Operating margin15.1%7.3%7th highest of 21
Forward P/E14.8×30.0×4th cheapest of 17
Growth the price implies (Req g, 7 yrs)2.4%5.0%8th least demanding of 16
Growth delivered (Del g)+35.3%+18.1%3rd highest of 16
Hurdle (Req g minus delivered)-32.9 pp-14.7 pp3rd least demanding of 16
ROIC minus cost of capital+5.7 pp+0.4 pp5th highest of 21
EV / EBITDA9.3×10.4×5th cheapest of 12
Net debt / EBITDA3.2×2.8×7th most indebted of 14
Bond spread144 bp147 bp2nd tightest of 4

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Cinemark CNKUnited States$4.51B+44%+13%15%14.8×2.4%+35.3%
China Film 600977.SSChina$4.48B+16%0%-9%141.5×-7.1%+10.4%
Lionsgate Studios LIONUnited States$4.24B+16%-8%6%52.8×18.6%-8.0%
Toei Animation 4816.TJapan$4.17B+23%-2%31%27.9×0.5%+12.7%
Benefit Systems BFT.WAPoland$5.18B+54%+40%19%23.7×13.4%+34.3%
Manchester United MANUUnited States$3.90B+15%+5%-2%142.1×18.3%+6.5%
Banijay BNJ.ASNetherlands$3.83B-13%+7%14%8.0×-4.5%+18.1%
Beijing Enlight Media 300251.SZChina$5.49B-16%-71%-57%179.5×n/an/a
Madison Square Garden Entertainment MSGEUnited States$3.65B+18%+16%17%32.1×5.0%+66.9%
Genting Singapore G13.SISingapore$5.76B-10%+2%15%19.1×-5.0%+18.2%
Atlanta Braves BATRAUnited States$3.23B+1%+6%-9%n/an/an/a
Itv ITV.LUnited Kingdom$3.23B-16%+2%13%8.3×-2.8%+4.8%
CTS Eventim AG & Co. KGaA EVD.DEGermany$6.68B+11%+14%15%18.4×6.8%+64.3%
Churchill Downs CHDNUnited States$6.71B+11%+4%26%13.6×2.3%+22.7%
Ruyi Film Entertainment 002739.SZChina$2.94B-9%-8%3%34.1×6.7%+15.4%
AMC Entertainment AMCUnited States$2.80B+109%+6%5%n/an/an/a
Zhejiang Huace Film & TV 300133.SZChina$2.79B+15%+44%8%50.4×n/an/a
Toei 9605.TJapan$2.77B+5%+3%20%23.5×-3.3%+11.5%
MSG Knickerbockers MSGKUnited States$7.51Bn/a+11%3%n/a61.1%+22.6%
China Star Entertainment 0326.HKHong Kong$2.54B-10%-69%-157%n/an/an/a
Shanghai Film 601595.SSChina$2.40B+47%-18%-2%264.9×57.0%+24.4%

Cinemark bonds and credit

Cinemark has 2 bonds outstanding with $1.26B face value. The agencies rate it BB; its bonds trade like BB. Weighted yield 5.90%, a spread of 144 bp over government bonds.

Every bond, yield and spread in the cockpit →

Cinemark backlog

Cinemark reported $577M of remaining performance obligations at 31 Mar 2026 and up 1% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.01.

Questions

Who are Cinemark's main competitors?
Named competitors: AMC Entertainment (AMC), Regal/Cineworld (private or unlisted), Marcus Corporation (MCS), IMAX (IMAX). The cockpit's measured peer set (industry) also includes China Film (600977.SS), Lionsgate Studios (LION), Toei Animation (4816.T), Benefit Systems (BFT.WA), Manchester United (MANU), Banijay (BNJ.AS).
Is Cinemark expensive compared with its peers?
On forward p/e it trades at 14.8× against a peer median of 30.0×, 4th cheapest of 17 in its peer set. For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +35%, so the hurdle is -33 pp: the price already allows for a slowdown.
How has Cinemark stock performed?
Over six months to 6 Nov 2026 the shares returned +43.8% against +11.1% for the median peer; over one year +35.1%.
What is Cinemark's backlog?
Cinemark's remaining performance obligations (contracted revenue not yet recognised) were $577M at 31 Mar 2026.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.