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Ibotta vs National CineMedia: revenue, profit, margins and growth compared

Ibotta brought in $342.4M of revenue in fiscal 2025, National CineMedia $243.2M in fiscal 2025. Revenue changed by -6.8% at Ibotta and +1.0% at National CineMedia on the year before, so National CineMedia grew faster. Ibotta kept 1.0% of its revenue as net profit, National CineMedia -4.4%. Free cash flow was $75M at Ibotta and $2.8M at National CineMedia.

Side by side, latest fiscal year

IBTANCMI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (January 1, 2026)
Revenue$342.4M$243.2M
Revenue growth-6.8%+1.0%
Net income$3.6M-$10.6M
Net margin1.0%-4.4%
Free cash flow$75M$2.8M
Free cash flow margin21.9%1.2%
Earnings per share (diluted)$0.12-$0.11
Cash$186.6M$34.6M
Debt$0$12M
Price to earnings342.2n/a
Market value$951.3M$212.6M
Dividend yieldn/a5.31%
Rank by revenue in sector#604 of 778 · Consumer discretionary#639 of 778 · Consumer discretionary

Over the years

Revenue
IBTA FY2022: $210.7MIBTA FY2024: $320MIBTA FY2024: $367.3MIBTA FY2025: $342.4MNCMI FY2018: $441.4MNCMI FY2019: $444.8MNCMI FY2020: $90.4MNCMI FY2021: $114.6MNCMI FY2022: $249.2MNCMI FY2023: $165.2MNCMI FY2024: $240.8MNCMI FY2025: $243.2MFY18FY19FY20FY21FY22FY23FY24FY25
IBTA $342.4MNCMI $243.2M
Net income
IBTA FY2022: -$54.9MIBTA FY2024: $38.1MIBTA FY2024: $68.7MIBTA FY2025: $3.6MNCMI FY2018: $29.8MNCMI FY2019: $36.1MNCMI FY2020: -$65.4MNCMI FY2021: -$48.7MNCMI FY2022: -$28.7MNCMI FY2023: $705.2MNCMI FY2024: -$22.3MNCMI FY2025: -$10.6MFY18FY19FY20FY21FY22FY23FY24FY25
IBTA $3.6MNCMI -$10.6M
Net margin
IBTA FY2022: -26.0%IBTA FY2024: 11.9%IBTA FY2024: 18.7%IBTA FY2025: 1.0%NCMI FY2018: 6.8%NCMI FY2019: 8.1%NCMI FY2020: -72.3%NCMI FY2021: -42.5%NCMI FY2022: -11.5%NCMI FY2023: 426.9%NCMI FY2024: -9.3%NCMI FY2025: -4.4%FY18FY19FY20FY21FY22FY23FY24FY25
IBTA 1.0%NCMI -4.4%
Revenue growth
IBTA FY2024: +51.9%IBTA FY2024: +14.8%IBTA FY2025: -6.8%NCMI FY2019: +0.8%NCMI FY2020: -79.7%NCMI FY2021: +26.8%NCMI FY2022: +117.5%NCMI FY2023: -33.7%NCMI FY2024: +45.8%NCMI FY2025: +1.0%FY19FY20FY21FY22FY23FY24FY25
IBTA -6.8%NCMI +1.0%
Free cash flow
IBTA FY2022: -$57.3MIBTA FY2024: $22.2MIBTA FY2024: $115MIBTA FY2025: $75MNCMI FY2018: $136.1MNCMI FY2019: $129.6MNCMI FY2020: $47.3MNCMI FY2021: -$100.9MNCMI FY2022: -$50.2MNCMI FY2023: -$10MNCMI FY2024: $54.5MNCMI FY2025: $2.8MFY18FY19FY20FY21FY22FY23FY24FY25
IBTA $75MNCMI $2.8M

Fiscal years as each company reports them; the two may end in different months.

Questions about Ibotta and National CineMedia

Which is bigger by revenue, Ibotta or National CineMedia?

Ibotta is bigger by revenue: $342.4M in fiscal 2025, against $243.2M for National CineMedia in fiscal 2025.

Which keeps more of its revenue as profit, Ibotta or National CineMedia?

Ibotta had a net margin of 1.0% in fiscal 2025; National CineMedia had -4.4% in fiscal 2025.

Which grew revenue faster, Ibotta or National CineMedia?

In their latest fiscal years revenue changed by -6.8% at Ibotta and +1.0% at National CineMedia.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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