Ibotta vs National CineMedia
Ibotta reported revenue of $342 million in fiscal 2025, 1.4 times National CineMedia's $243 million in fiscal 2025. Ibotta's revenue fell 6.8% in its latest year, and National CineMedia's grew 1.0%. Ibotta had an operating margin of -0.2%, against -5.7% at National CineMedia. Free cash flow was $75 million at Ibotta and $3 million at National CineMedia. Their fiscal years end in different months (December 31 and January 1), so the periods don't line up exactly.
Side by side
| Ibotta | National CineMedia | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Jan 1, 2026 |
| Revenue | $342M | $243M |
| Revenue growth | −6.8% | 1.0% |
| Revenue growth a year, last 5 years | — | 21.9% |
| Gross margin | 79.2% | 94.7% |
| Operating margin | −0.2% | −5.7% |
| Net margin | 1.0% | −4.4% |
| Free cash flow | $75M | $3M |
| Free cash flow margin | 21.9% | 1.1% |
| Return on capital | −0.4% | −3.1% |
| Net debt to EBITDA | −24.9x | −0.9x |
| Dividends and buybacks | $233M | $33M |
| Change in diluted share count | 12.1% | −1.8% |
| Last close | $58.11 | $1.58 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | — | — |
| Piotroski F-score | 3 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
IbottaNational CineMedia
Operating margin
Percent of revenue
IbottaNational CineMedia
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
IbottaNational CineMedia
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Ibotta and National CineMedia pages.