CMLSRadio Broadcasting StationsFiscal year ends December 31Also trades as CMLSQ
CUMULUS MEDIA INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$0.01−0.07 (-91.31%)
Close on Mar 5, 2026
- Market cap
- $120.14K
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
-18.6%−17.3 pts over 5 years
Net margin
-27.1%−19.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -10.3% | -8.0% | -1.9% | -4.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 214.7% | -14.0% | 217.5% | |
| Return on assets | -18.9% | -3.3% | -19.5% | |
| Current ratio | 4.36 | 3.90 | 1.54 | |
| Debt to equity | -3.62 | 2.45 | -3.88 | |
| Net debt to EBITDA | -5.10× | 16.82× | -7.88× | |
| Interest coverage | -2.9× | -0.2× | -2.1× | |
| Capex to revenue | 2.0% | 1.8% | 2.7% | |
| Diluted shares | 29M | 20M | 17M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cumulus Media generated $203.11M from operations and spent $164.31M on capital expenditure, dividends and share buybacks. 76% of that went back into the business.
Generated
$203.11M
Used
$164.31M
Capital expenditure$124.67M76%Dividends$00%Share buybacks$39.64M24%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-27.1%
×Asset turnover0.72×
×Equity multiplier-11.16×
=Return on equity, FY2025217.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -27.1% | 0.72× | -11.16× | 217.5% |
| FY2024 | -34.2% | 0.65× | 8.72× | -193.0% |
| FY2023 | -14.0% | 0.55× | 4.39× | -33.9% |
| FY2022 | 1.7% | 0.57× | 4.02× | 3.9% |
| FY2021 | 1.9% | 0.51× | 4.38× | 4.2% |
| FY2020 | -7.3% | 0.45× | 4.25× | -14.0% |
| FY2019 | 5.5% | 0.63× | 4.18× | 14.5% |
| FY2017 | -18.2% | 0.51× | -3.74× | 34.8% |
| FY2016 | -44.7% | 0.42× | -11.38× | 214.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$200.70M
- Cash generatingOperating cash flow above zero-$21.34M
- Return on assets improvedROA up on the prior year-19.7% → -17.9%
- Earnings backed by cashOperating cash flow above net income-$21.34M vs -$200.70M
- Less leverageLong-term debt to assets fell59.8% → 73.8%
- Better liquidityCurrent ratio rose1.85 → 1.54
- No dilutionShare count did not rise17M → 17M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.57 → 0.66