NYTNYSENewspapers: Publishing or Publishing & PrintingFiscal year ends December 31
NEW YORK TIMES CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$68.07+0.29 (+0.43%)
Close on Oct 19, 2026
- Market cap
- $11.10B
- P/E (TTM)
- 28.5
- Dividend yield
- 1.06%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
50.8%+4.6 pts over 5 years
Operating margin
15.3%+5.4 pts over 5 years
Net margin
12.2%+6.6 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 | +9.2% | +7.0% | +9.6% | +6.0% | |
| Gross profit | +12.4% | +9.3% | +11.7% | +4.1% | |
| Operating income | +22.9% | +28.8% | +19.6% | +12.2% | |
| Net income | +17.1% | +25.5% | +28.0% | +18.5% | |
| EPS, diluted | +18.1% | +26.2% | +28.4% | +18.6% | |
| Free cash flow | +44.4% | +69.2% | +15.9% | +13.7% | |
| Dividend per share | +38.5% | +26.0% | +24.6% | +16.2% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 3.5% | 8.0% | 17.3% | |
| Return on assets | 1.3% | 4.6% | 11.8% | |
| Current ratio | 2.00 | 1.72 | 1.54 | |
| Debt to equity | 0.28 | – | – | |
| Net debt to EBITDA | 0.66× | – | – | |
| Capex to revenue | 1.9% | 1.9% | 1.2% | |
| Diluted shares | 163M | 168M | 165M |
Where the cash went
Fiscal 2021 to 2025, five years combined
New York Times generated $1.78B from operations and spent $922.23M on capital expenditure, dividends and share buybacks. 17% of that went back into the business.
Generated
$1.78B
Used
$922.23M
Capital expenditure$157.42M17%Dividends$364.81M40%Share buybacks$399.99M43%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.2%
×Asset turnover0.97×
×Equity multiplier1.47×
=Return on equity, FY202517.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.2% | 0.97× | 1.47× | 17.3% |
| FY2024 | 11.4% | 0.93× | 1.51× | 15.9% |
| FY2023 | 9.6% | 0.92× | 1.56× | 13.8% |
| FY2022 | 7.5% | 0.91× | 1.63× | 11.1% |
| FY2021 | 10.6% | 0.85× | 1.70× | 15.4% |
| FY2020 | 5.6% | 0.81× | 1.76× | 8.0% |
| FY2019 | 7.7% | 0.85× | 1.94× | 12.7% |
| FY2018 | 7.2% | 0.81× | 2.22× | 13.0% |
| FY2017 | 0.3% | 0.78× | 2.46× | 0.5% |
| FY2016 | 1.9% | 0.68× | 2.75× | 3.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$343.98M
- Cash generatingOperating cash flow above zero$584.49M
- Return on assets improvedROA up on the prior year10.8% → 12.1%
- Earnings backed by cashOperating cash flow above net income$584.49M vs $343.98M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.53 → 1.54
- No dilutionShare count did not rise166M → 165M
- Gross margin improvedGross margin up on the prior year49.36% → 50.81%
- More efficientAsset turnover rose0.95 → 0.99