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Side-by-side financial comparison of National CineMedia, Inc. (NCMI) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $63.4M, roughly 2.0× National CineMedia, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs 2.5%, a 127.2% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs 1.6%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-2.0M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% CAGR vs -16.4%).
National CineMedia, Inc. (NCM) is an American cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater network, consisting of theaters owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and other regional theater circuits.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
NCMI vs PD — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $63.4M | $124.5M |
| Net Profit | $1.6M | $161.6M |
| Gross Margin | 95.0% | 85.3% |
| Operating Margin | -2.8% | 6.5% |
| Net Margin | 2.5% | 129.7% |
| Revenue YoY | 1.6% | 4.7% |
| Net Profit YoY | 144.4% | 2827.7% |
| EPS (diluted) | $0.02 | $1.69 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $124.5M | ||
| Q3 25 | $63.4M | $123.4M | ||
| Q2 25 | $51.8M | $119.8M | ||
| Q1 25 | $34.9M | $121.4M | ||
| Q4 24 | $86.3M | $118.9M | ||
| Q3 24 | $62.4M | $115.9M | ||
| Q2 24 | $54.7M | $111.2M | ||
| Q1 24 | $37.4M | $111.1M |
| Q4 25 | — | $161.6M | ||
| Q3 25 | $1.6M | $9.6M | ||
| Q2 25 | $-10.7M | $-7.2M | ||
| Q1 25 | $-30.7M | $-8.8M | ||
| Q4 24 | $24.7M | $-5.9M | ||
| Q3 24 | $-3.6M | $-10.9M | ||
| Q2 24 | $-8.7M | $-17.1M | ||
| Q1 24 | $-34.7M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | 95.0% | 84.6% | ||
| Q2 25 | 93.8% | 84.0% | ||
| Q1 25 | 91.1% | 83.6% | ||
| Q4 24 | 96.4% | 83.0% | ||
| Q3 24 | 94.7% | 82.7% | ||
| Q2 24 | 93.2% | 82.6% | ||
| Q1 24 | 90.4% | 81.7% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | -2.8% | 2.9% | ||
| Q2 25 | -23.2% | -8.6% | ||
| Q1 25 | -68.5% | -9.6% | ||
| Q4 24 | 23.2% | -8.7% | ||
| Q3 24 | -12.0% | -13.8% | ||
| Q2 24 | -17.0% | -19.5% | ||
| Q1 24 | -60.7% | -30.1% |
| Q4 25 | — | 129.7% | ||
| Q3 25 | 2.5% | 7.8% | ||
| Q2 25 | -20.7% | -6.0% | ||
| Q1 25 | -88.0% | -7.2% | ||
| Q4 24 | 28.6% | -5.0% | ||
| Q3 24 | -5.8% | -9.4% | ||
| Q2 24 | -15.9% | -15.4% | ||
| Q1 24 | -92.8% | -25.3% |
| Q4 25 | — | $1.69 | ||
| Q3 25 | $0.02 | $0.10 | ||
| Q2 25 | $-0.11 | $-0.07 | ||
| Q1 25 | $-0.32 | $-0.12 | ||
| Q4 24 | $0.26 | $-0.07 | ||
| Q3 24 | $-0.04 | $-0.14 | ||
| Q2 24 | $-0.09 | $-0.26 | ||
| Q1 24 | $-0.36 | $-0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.9M | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $350.5M | $320.5M |
| Total Assets | $451.9M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $547.8M | ||
| Q3 25 | $29.9M | $567.9M | ||
| Q2 25 | $37.2M | $597.1M | ||
| Q1 25 | $59.8M | $570.8M | ||
| Q4 24 | $75.2M | $542.2M | ||
| Q3 24 | $49.5M | $599.3M | ||
| Q2 24 | $53.8M | $592.8M | ||
| Q1 24 | $57.1M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | — | $320.5M | ||
| Q3 25 | $350.5M | $180.7M | ||
| Q2 25 | $350.0M | $145.7M | ||
| Q1 25 | $370.8M | $129.8M | ||
| Q4 24 | $411.2M | $111.6M | ||
| Q3 24 | $385.5M | $164.7M | ||
| Q2 24 | $387.9M | $174.0M | ||
| Q1 24 | $402.3M | $171.6M |
| Q4 25 | — | $1.0B | ||
| Q3 25 | $451.9M | $891.5M | ||
| Q2 25 | $462.0M | $926.8M | ||
| Q1 25 | $503.8M | $927.3M | ||
| Q4 24 | $568.6M | $866.8M | ||
| Q3 24 | $526.1M | $916.0M | ||
| Q2 24 | $527.2M | $924.0M | ||
| Q1 24 | $538.6M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $24.8M |
| Free Cash FlowOCF − Capex | $-2.0M | $24.1M |
| FCF MarginFCF / Revenue | -3.2% | 19.3% |
| Capex IntensityCapex / Revenue | 1.6% | 0.6% |
| Cash ConversionOCF / Net Profit | -0.63× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $24.8M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.8M | ||
| Q3 25 | $-1.0M | $34.0M | ||
| Q2 25 | $-4.9M | $30.7M | ||
| Q1 25 | $6.0M | $31.4M | ||
| Q4 24 | $30.5M | $22.1M | ||
| Q3 24 | $-2.0M | $35.8M | ||
| Q2 24 | $7.7M | $28.6M | ||
| Q1 24 | $24.1M | $22.2M |
| Q4 25 | — | $24.1M | ||
| Q3 25 | $-2.0M | $33.1M | ||
| Q2 25 | $-6.6M | $30.2M | ||
| Q1 25 | $5.3M | $30.3M | ||
| Q4 24 | $28.1M | $21.5M | ||
| Q3 24 | $-2.6M | $35.1M | ||
| Q2 24 | $6.4M | $28.2M | ||
| Q1 24 | $22.6M | $21.2M |
| Q4 25 | — | 19.3% | ||
| Q3 25 | -3.2% | 26.8% | ||
| Q2 25 | -12.7% | 25.2% | ||
| Q1 25 | 15.2% | 24.9% | ||
| Q4 24 | 32.6% | 18.1% | ||
| Q3 24 | -4.2% | 30.3% | ||
| Q2 24 | 11.7% | 25.4% | ||
| Q1 24 | 60.4% | 19.1% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 3.3% | 0.4% | ||
| Q1 25 | 2.0% | 0.9% | ||
| Q4 24 | 2.8% | 0.5% | ||
| Q3 24 | 1.0% | 0.5% | ||
| Q2 24 | 2.4% | 0.4% | ||
| Q1 24 | 4.0% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | -0.63× | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NCMI
| National Advertising Revenue | $49.9M | 79% |
| Local Advertising Revenue | $9.6M | 15% |
| Founding Member Advertising Revenue From Beverage Concessionaire Agreements | $3.9M | 6% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
