Forensic Analysis · Communication Services / Telecom · as of Jun 28, 2026
AMC Global Media Inc. (AMCX)
A forensic read on AMC Global Media Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
B · Sound & dependable
Forensic grade
Safe
Financial health
3.2
Altman Z-score
Clean
Earnings quality
3
Forensic signals
8.4
P / E (ttm)
5.3%
ROE
$443M
Market cap
AMC Global Media Inc. earns a B (Sound & dependable) forensic quality grade, and its Altman Z-score is 3.2, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
3%Return on invested capital.Return on invested capital is 3% and steady — well below its ~8% cost of capital, so reinvested dollars may be destroying value, not building it.
+9.8%/yrShare-count dilution.Diluted share count changed +29% over the last 3 years to FY2025 (+9.8%/yr). A reversal: the count shrank earlier (net -0.6%/yr since FY2018) but the company has SWUNG to issuing stock — recent holders are now being diluted, not rewarded. That's ~9.8% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~29%.
$650MGoodwill impairments.Took $650M of goodwill writedowns across 6 year(s) (FY2023 ($22M), FY2024 ($371M), FY2025 ($93M)) — about 68% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
Key fundamentals
Net Margin3.9%
Debt / Equity1.78x
Free Cash Flow$272.4M
Latest Revenue$2.31B
Return on Equity9.1%
Revenue Growth YoY-4.5%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on AMC Global Media Inc.:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about AMCX's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown