# Emerald Holding share price (Emerald Holding, Inc., EEX)

> Emerald Holding, Inc. is reporting record margins. EEX · Communication Services · Advertising Agencies · data as of 13 July 2026. Page: https://www.sectoralpha.in/us/stocks/eex

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## Key numbers

- Price: $5.04 (−1.8% in a year)
- P/E: 302.5× (higher than 91% of the last 10 months)
- Revenue (Mar 2026): $155 M (+5.2% on a year ago)
- Profit (Mar 2026): $7.2 M (−52.9% on a year ago)
- Operating margin: 26.8% (−3.4 points on a year ago)
- ROE: −9%, FY25

Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. ## What is the Emerald Holding share price? Emerald Holding, Inc.'s share price was $5.04 at the close on 13 July 2026. That is 9.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between $4 and $5, and at that close it sat 85% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 1 week running. Over the last 1 year the share price moved −2% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Emerald Holding pay? Emerald Holding, Inc. paid $0.06 per share over the last four reported quarters. The most recent declaration was $0.01 for Mar 2026. At today's price of $5.04 that is a yield of 1.19%, based on dividends already paid, not a forecast. ## Which stock lists is Emerald Holding on? Emerald Holding is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Emerald Holding profitable? Emerald Holding, Inc. earned $7.2 M of net profit in the Mar 2026 quarter, −52.9% on the same quarter a year earlier. The full FY25 year was a loss of $30.7 M. That is 4.6% of the quarter's revenue. The same quarter a year earlier earned $15.3 M. 7 of the last 12 reported quarters were loss-making. ## How much revenue does Emerald Holding make, and is it growing? Emerald Holding, Inc. reported $155 M of revenue in the Mar 2026 quarter, +5.2% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 4 years it has grown 33.6% a year on average. The last full year, FY25, came in at $463 M. The last four reported quarters add to $471 M. FY25 revenue was $463 M, +16.2% on the year before. Recent pace: the last four quarters grew +14.7% on average, against 33.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +14.0%, against +9.4% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Emerald Holding keep? Emerald Holding, Inc.'s operating margin was 26.8% in the Mar 2026 quarter, 3.4 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 5 years it has been between −63.7% and 18.3%. The latest quarter is above every full year in that period. Across 5 years it has been between −63.7% and 18.3%, and FY25's 18.3% is the highest of them. Why the margin moved: operating margin changed −3.4 percentage points on the year while gross margin changed −1.2 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold. ## Is Emerald Holding's profit turning into cash? Emerald Holding, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $42.6 M of operating cash against −$30.7 M of profit. After $1.2 M of spending on assets, $41.4 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Emerald Holding's cash go? Emerald Holding, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $3.1 M on assets over the last 3 years. Averaged over those years that is 0.2% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $3.1 M over the last 3 years. In short: most of the cash goes on covering the loss, not on new assets; spending on assets is small next to it. ## What is Emerald Holding's P/E ratio, and how does it compare with its own history? Emerald Holding, Inc.'s P/E is 302.5×, near the high end of its own history: higher than 91% of past readings. Its usual P/E (the middle reading) is 274.4×, over 10 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Emerald Holding business getting better or worse? Emerald Holding, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Emerald Holding earn on its capital? Emerald Holding, Inc. earned a ROE of −9% in FY25. That is up from a low of −37% in FY21. Its return on capital used (ROIC) is 4.1 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a −6.6% net margin and 0.38× asset turnover (sales divided by assets). Why the return is what it is (FY25): a −6.6% net margin × 0.38× asset turnover × 3.58× leverage (assets divided by equity) ≈ −9.0% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 11.1% − 7.0% = +4.1 percentage points. The 7.0% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 11.1% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at 12.5%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Emerald Holding have too much debt? Emerald Holding, Inc. has total debt of $508 M against shareholder equity of $338 M as of Mar 2026, so its debt is 1.50× its equity. Year by year, that ratio went from 1.71 in FY21 to 1.51 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Emerald Holding shareholding pattern? 5.8% of Emerald Holding, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 8.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Emerald Holding from balance-sheet trouble? For Emerald Holding, Inc., the Z-score is 0.41. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.41 is inside the danger zone, so the balance sheet is a real risk. ## How does Emerald Holding rank in its industry? 47.2 out of 100, rank 18 of 20 in Advertising Agencies, with 36% of the evidence available. It is provisional, so it is ranked below companies with full evidence. Emerald Holding, Inc. scores 47.2 out of 100 against the 20 companies it is compared with in Advertising Agencies, ranking 18. Some evidence is missing, so the score is pulled toward the middle on purpose. The three scored parts add up to the total exactly: 17.8 + 15.2 + 14.2 = 47.2 (no relative-strength reading this week; its 20 points are shared across the other three). This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Emerald Holding compared with? Emerald Holding ranks 18 of 20 Advertising Agencies companies on the 4-Factor Sector Score, with 47.2 out of 100. 1. [Magnite, Inc.](https://www.sectoralpha.in/us/stocks/mgni) MGNI · losing its lead · Evidence leans up · 71% evidence 61.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 8.2% · Profit 100% · Operating margin change 3.5 points · 83% evidence Capital efficiency 10.7/25 · ROCE 8.7% · Operating margin 16.2% · 76% evidence Valuation 10.1/20 · P/E 16.3× · PEG n/a · 15% evidence Relative strength 16.8/20 · Lead over its industry 22.7% · Lead over S&P 500 24.4% · 1 year 47.9% · 100% evidence · 11 of 12 weeks ahead Exact sum: 24.3 + 10.7 + 10.1 + 16.8 = 61.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [DoubleVerify Holdings, Inc.](https://www.sectoralpha.in/us/stocks/dv) DV · losing its lead · Evidence leans up · 81% evidence 61.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.2/35 · Revenue 7.7% · Profit 11.5% · Operating margin change 4.5 points · 83% evidence Capital efficiency 11.9/25 · ROCE 8.1% · Operating margin 11.9% · 76% evidence Valuation 11.4/20 · P/E 28.3× · PEG 1.37 · 65% evidence Relative strength 15.9/20 · Lead over its industry 12.2% · Lead over S&P 500 14.5% · 1 year 44.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 22.2 + 11.9 + 11.4 + 15.9 = 61.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Entravision Communications Corporation](https://www.sectoralpha.in/us/stocks/evc) EVC · quiet · Evidence leans up · 64% evidence 61.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Revenue 71.3% · Profit n/a · Operating margin change 14.1 points · 62% evidence Capital efficiency 16.4/25 · ROCE 20.2% · Operating margin 13.3% · 76% evidence Valuation 8.5/20 · P/E 287× · PEG n/a · 15% evidence Relative strength 9.8/20 · Lead over its industry 11.1% · Lead over S&P 500 10.1% · 1 year 140.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 26.5 + 16.4 + 8.5 + 9.8 = 61.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [QuinStreet, Inc.](https://www.sectoralpha.in/us/stocks/qnst) QNST · quiet · Evidence leans up · 71% evidence 60.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.2/35 · Revenue 18.3% · Profit 100% · Operating margin change 1.8 points · 83% evidence Capital efficiency 8.8/25 · ROCE 9% · Operating margin 5.1% · 76% evidence Valuation 10.3/20 · P/E 10.4× · PEG n/a · 15% evidence Relative strength 15.2/20 · Lead over its industry 17.9% · Lead over S&P 500 20% · 1 year 32.7% · 100% evidence · 7 of 12 weeks ahead Exact sum: 26.2 + 8.8 + 10.3 + 15.2 = 60.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [AppLovin Corporation](https://www.sectoralpha.in/us/stocks/app) APP · basing · Evidence leans up · 71% evidence 60.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.3/35 · Revenue 60.6% · Profit 81.6% · Operating margin change 1.6 points · 83% evidence Capital efficiency 20.8/25 · ROCE 75.4% · Operating margin 77.7% · 76% evidence Valuation 9.0/20 · P/E 39.3× · PEG n/a · 15% evidence Relative strength 2.9/20 · Lead over its industry -49.9% · Lead over S&P 500 -48.3% · 1 year -60.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 27.3 + 20.8 + 9 + 2.9 = 60 · What this means: Earnings are strong; relative strength in its sector is -49.9% and the one-year return is -60.4%. 6. [Ziff Davis, Inc.](https://www.sectoralpha.in/us/stocks/zd) ZD · losing its lead · Evidence leans up · 81% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue -0.7% · Profit 100% · Operating margin change -0.5 points · 83% evidence Capital efficiency 7.8/25 · ROCE 4.8% · Operating margin 4.2% · 76% evidence Valuation 15.4/20 · P/E 3× · PEG 0.54 · 65% evidence Relative strength 15.1/20 · Lead over its industry 13.6% · Lead over S&P 500 15.1% · 1 year 65.7% · 100% evidence · 8 of 12 weeks ahead Exact sum: 16.7 + 7.8 + 15.4 + 15.1 = 55 · What this means: Relative strength against the index is 15.1%, and revenue and profit growth are weak. 7. [WPP plc](https://www.sectoralpha.in/us/stocks/wpp) WPP · losing its lead · Too little evidence to rank firmly · 51% evidence 54.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.5/35 · Revenue n/a · Profit n/a · Operating margin change 0.8 points · 26% evidence Capital efficiency 8.6/25 · ROCE 4.6% · Operating margin 4.1% · 76% evidence Valuation 11.0/20 · P/E -10.6× · PEG n/a · 15% evidence Relative strength 18.4/20 · Lead over its industry 23.1% · Lead over S&P 500 25.9% · 1 year 48.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 16.5 + 8.6 + 11 + 18.4 = 54.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Omnicom Group Inc.](https://www.sectoralpha.in/us/stocks/omc) OMC · turning · Evidence leans up · 85% evidence 54.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 54.1% · Profit -47.2% · Operating margin change 0.1 points · 95% evidence Capital efficiency 17.2/25 · ROCE 14.8% · Operating margin 15.7% · 76% evidence Valuation 10.5/20 · P/E 28.7× · PEG 1.52 · 65% evidence Relative strength 10.4/20 · Lead over its industry -1% · Lead over S&P 500 1.4% · 1 year 12% · 100% evidence · 4 of 12 weeks ahead Exact sum: 16.2 + 17.2 + 10.5 + 10.4 = 54.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Stagwell Inc.](https://www.sectoralpha.in/us/stocks/stgw) STGW · leader · Evidence leans up · 64% evidence 52.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.5/35 · Revenue 6.3% · Profit n/a · Operating margin change -0.2 points · 62% evidence Capital efficiency 7.9/25 · ROCE 5.4% · Operating margin 2.6% · 76% evidence Valuation 8.9/20 · P/E 42.4× · PEG n/a · 15% evidence Relative strength 20.0/20 · Lead over its industry 47.4% · Lead over S&P 500 49.6% · 1 year 123.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 15.5 + 7.9 + 8.9 + 20 = 52.3 · What this means: Relative strength against the index is 49.6%, and revenue and profit growth are weak. 10. [The Trade Desk, Inc.](https://www.sectoralpha.in/us/stocks/ttd) TTD · basing · Evidence leans down · 81% evidence 47.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.6/35 · Revenue 11.6% · Profit -2.4% · Operating margin change -2.6 points · 83% evidence Capital efficiency 18.1/25 · ROCE 19.7% · Operating margin 14.2% · 76% evidence Valuation 4.9/20 · P/E 20.9× · PEG 4.09 · 65% evidence Relative strength 5.8/20 · Lead over its industry -50.4% · Lead over S&P 500 -48.2% · 1 year -70.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.6 + 18.1 + 4.9 + 5.8 = 47.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 11. [Clear Channel Outdoor Holdings, Inc.](https://www.sectoralpha.in/us/stocks/cco) CCO · Too little evidence to rank firmly · 51% evidence 47.3 out of 100 Growth Capital Valuation Relative
12. Townsquare Media, Inc. TSQ · Too little evidence to rank firmly · 51% evidence 41.4 out of 100 Growth Capital Valuation Relative
13. [Advantage Solutions Inc.](https://www.sectoralpha.in/us/stocks/adv) ADV · turning · Evidence leans down · 64% evidence 40.4 out of 100 Growth Capital Valuation Relative
14. [Criteo S.A.](https://www.sectoralpha.in/us/stocks/crto) CRTO · basing · Evidence leans down · 71% evidence 39.1 out of 100 Growth Capital Valuation Relative
15. [Nexxen International Ltd.](https://www.sectoralpha.in/us/stocks/nexn) NEXN · quiet · Evidence leans down · 71% evidence 35.9 out of 100 Growth Capital Valuation Relative
16. National CineMedia, Inc. NCMI · quiet · Too little evidence to rank firmly · 58% evidence 30.8 out of 100 Growth Capital Valuation Relative
17. Unitrend Entertainment Group Limited INHI · Too little evidence to rank firmly · 11% evidence 56.7 out of 100 Growth Capital Valuation Relative
18. Emerald Holding, Inc. this page EEX · Too little evidence to rank firmly · 36% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.8/43.75 · Revenue 14% · Profit -1050% · Operating margin change -3.4 points · 53% evidence Capital efficiency 15.2/31.25 · ROCE 9.5% · Operating margin 26.8% · 57% evidence Valuation 14.2/25 · P/E -23× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 17.8 + 15.2 + 14.2 = 47.2 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 19. [QMMM Holdings Limited](https://www.sectoralpha.in/us/stocks/qmmm) QMMM · Too little evidence to rank firmly · 16% evidence 40.4 out of 100 Growth Capital Valuation Relative
20. Fluent, Inc. FLNT · Too little evidence to rank firmly · 44% evidence 33.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Advertising Agencies](https://www.sectoralpha.in/us/sectors/advertising-agencies), all 20 compared on one page. ## Which companies are close to Emerald Holding in size? Emerald Holding is the 12th largest of 17 Advertising Agencies companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Ziff Davis, Inc., Clear Channel Outdoor Holdings, Inc. and QuinStreet, Inc. Just below it: Criteo S.A., Entravision Communications Corporation and Nexxen International. ### Advertising Agencies companies close in size

1. [Ziff Davis, Inc.](https://www.sectoralpha.in/us/stocks/zd) $1.9 billion
2. [Clear Channel Outdoor Holdings, Inc.](https://www.sectoralpha.in/us/stocks/cco) $1.2 billion
3. [QuinStreet, Inc.](https://www.sectoralpha.in/us/stocks/qnst) $1 billion
4. Emerald Holding, Inc. $997 million
5. [Criteo S.A.](https://www.sectoralpha.in/us/stocks/crto) $743 million
6. [Entravision Communications Corporation](https://www.sectoralpha.in/us/stocks/evc) $639 million
7. [Nexxen International Ltd.](https://www.sectoralpha.in/us/stocks/nexn) $486 million

[All 17 Advertising Agencies companies, largest first](https://www.sectoralpha.in/us/sectors/advertising-agencies#all-companies)

### Companies close in size in other industries

1. [Coursera, Inc.](https://www.sectoralpha.in/us/stocks/cour) $1 billion · Education & Training Services
2. [Rapid7, Inc.](https://www.sectoralpha.in/us/stocks/rpd) $1 billion · Software - Infrastructure
3. Emerald Holding, Inc. $997 million
4. [Critical Metals Corp.](https://www.sectoralpha.in/us/stocks/crml) $997 million · Other Industrial Metals & Mining
5. [Camden National Corporation](https://www.sectoralpha.in/us/stocks/cac) $996 million · Banks - Regional

## What else do people ask about Emerald Holding? ### What were Emerald Holding's latest quarterly results? Emerald Holding, Inc. reported revenue of $155 M and net profit of $7.2 M for the Mar 2026 quarter. Revenue rose 5.2% and profit fell 52.9% compared with a year earlier. Earnings per share were $0.04. The operating margin was 26.8%, 3.4 percentage points lower than a year earlier (as of 13 July 2026). ### What is Emerald Holding's market cap? Emerald Holding, Inc.'s market capitalisation is $997 M at a stock price of $5.04. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 13 July 2026). ### How is Emerald Holding performing? Emerald Holding, Inc.'s latest readings are below. In its latest quarter, revenue rose 5.2% and profit fell 52.9% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 1 week running. This describes what the data did, not a rating (as of 13 July 2026). ### Will Emerald Holding's stock price go up? This page does not forecast Emerald Holding, Inc.'s stock price. What it shows instead: the stock price is $5.04. Its P/E of 302.5× is higher than 91% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 13 July 2026). ### Where is Emerald Holding in its business cycle? Emerald Holding, Inc.'s FY25 operating margin was 18.3%, against a 5-year range of −63.7% to 18.3%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 26.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 13 July 2026). ### What could break the Emerald Holding story? Biggest thing to watch: margins are the best this company has ever reported. Every ratio looks better at a record, so the story depends on margins staying high. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 13 July 2026). ### Is Emerald Holding a stock worth studying right now? What the numbers show: Emerald Holding, Inc. is reporting record margins. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 13 July 2026). This is research, not advice. We’re not SEBI-registered.