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

National CineMedia brought in $243.2M of revenue in fiscal 2025, Thryv $785M in fiscal 2025. Revenue changed by +1.0% at National CineMedia and -4.7% at Thryv on the year before, so National CineMedia grew faster. National CineMedia kept -4.4% of its revenue as net profit, Thryv 0.0%. Free cash flow was $2.8M at National CineMedia and $31.1M at Thryv.

Side by side, latest fiscal year

NCMITHRY
Fiscal year endedFY2025 (January 1, 2026)FY2025 (December 31, 2025)
Revenue$243.2M$785M
Revenue growth+1.0%-4.7%
Net income-$10.6M$307K
Net margin-4.4%0.0%
Free cash flow$2.8M$31.1M
Free cash flow margin1.2%4.0%
Earnings per share (diluted)-$0.11$0.01
Cash$34.6M$10.8M
Debt$12M$253.5M
Price to earningsn/a179.0
Market value$212.6M$79.5M
Dividend yield5.31%n/a
Rank by revenue in sector#639 of 778 · Consumer discretionary#500 of 778 · Consumer discretionary

Over the years

Revenue
NCMI FY2018: $441.4MNCMI FY2019: $444.8MNCMI FY2020: $90.4MNCMI FY2021: $114.6MNCMI FY2022: $249.2MNCMI FY2023: $165.2MNCMI FY2024: $240.8MNCMI FY2025: $243.2MTHRY FY2018: $1.8BTHRY FY2020: $1.4BTHRY FY2020: $1.1BTHRY FY2021: $1.1BTHRY FY2022: $1.2BTHRY FY2023: $917MTHRY FY2024: $824.2MTHRY FY2025: $785MFY18FY19FY20FY21FY22FY23FY24FY25
NCMI $243.2MTHRY $785M
Net income
NCMI FY2018: $29.8MNCMI FY2019: $36.1MNCMI FY2020: -$65.4MNCMI FY2021: -$48.7MNCMI FY2022: -$28.7MNCMI FY2023: $705.2MNCMI FY2024: -$22.3MNCMI FY2025: -$10.6MTHRY FY2018: $52.3MTHRY FY2020: $35.5MTHRY FY2020: $149.2MTHRY FY2021: $101.6MTHRY FY2022: $54.3MTHRY FY2023: -$259.3MTHRY FY2024: -$74.2MTHRY FY2025: $307KFY18FY19FY20FY21FY22FY23FY24FY25
NCMI -$10.6MTHRY $307K
Net margin
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%THRY FY2018: 2.9%THRY FY2020: 2.5%THRY FY2020: 13.5%THRY FY2021: 9.1%THRY FY2022: 4.5%THRY FY2023: -28.3%THRY FY2024: -9.0%THRY FY2025: 0.0%FY18FY19FY20FY21FY22FY23FY24FY25
NCMI -4.4%THRY 0.0%
Revenue growth
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%THRY FY2020: -20.3%THRY FY2020: -21.9%THRY FY2021: +0.4%THRY FY2022: +8.0%THRY FY2023: -23.7%THRY FY2024: -10.1%THRY FY2025: -4.7%FY19FY20FY21FY22FY23FY24FY25
NCMI +1.0%THRY -4.7%
Free cash flow
NCMI FY2018: $136.1MNCMI FY2019: $129.6MNCMI FY2020: $47.3MNCMI FY2021: -$100.9MNCMI FY2022: -$50.2MNCMI FY2023: -$10MNCMI FY2024: $54.5MNCMI FY2025: $2.8MTHRY FY2018: $319.6MTHRY FY2020: $244.5MTHRY FY2020: $205MTHRY FY2021: $143.7MTHRY FY2022: $119.3MTHRY FY2023: $114.8MTHRY FY2024: $56.2MTHRY FY2025: $31.1MFY18FY19FY20FY21FY22FY23FY24FY25
NCMI $2.8MTHRY $31.1M

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

Questions about National CineMedia and Thryv

Which is bigger by revenue, National CineMedia or Thryv?

Thryv is bigger by revenue: $785M in fiscal 2025, against $243.2M for National CineMedia in fiscal 2025.

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

National CineMedia had a net margin of -4.4% in fiscal 2025; Thryv had 0.0% in fiscal 2025.

Which grew revenue faster, National CineMedia or Thryv?

In their latest fiscal years revenue changed by +1.0% at National CineMedia and -4.7% at Thryv.

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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