TDAYNYSENewspapers: Publishing or Publishing & PrintingFiscal year ends December 31
USA TODAY Co., Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$6.95−0.02 (-0.29%)
Close on Oct 19, 2026
- Market cap
- $1.35B
- P/E (TTM)
- 695.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2013 to 2025
Gross margin
38.7%−1.5 pts over 5 years
Operating margin
–
Net margin
0.1%+19.8 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 | -8.3% | -7.9% | -7.5% | +6.8% | |
| Gross profit | -7.5% | -6.3% | -8.3% | – | |
| Net income | – | – | – | -30.6% | |
| EPS, diluted | – | – | – | -39.5% | |
| Free cash flow | +23.9% | – | +24.8% | -5.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 4.5% | -99.7% | 1.1% | |
| Return on assets | 2.5% | -18.8% | 0.1% | |
| Current ratio | 1.89 | 0.86 | 0.75 | |
| Debt to equity | 0.47 | 4.39 | 6.15 | |
| Net debt to EBITDA | 1.38× | -7.57× | – | |
| Interest coverage | 2.0× | -2.0× | – | |
| Inventory turnover | – | 45.1× | 83.5× | |
| Capex to revenue | 0.8% | 1.1% | 2.2% | |
| Diluted shares | 45M | 132M | 146M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Usa Today generated $477.50M from operations and spent $242.72M on capital expenditure, dividends and share buybacks. 92% of that went back into the business.
Generated
$477.50M
Used
$242.72M
Capital expenditure$224.07M92%Dividends$00%Share buybacks$18.65M8%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin0.1%
×Asset turnover1.19×
×Equity multiplier12.58×
=Return on equity, FY20251.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 0.1% | 1.19× | 12.58× | 1.1% |
| FY2024 | -1.1% | 1.19× | 8.96× | -11.2% |
| FY2023 | -1.0% | 1.16× | 7.46× | -9.1% |
| FY2022 | -2.6% | 1.13× | 6.31× | -18.8% |
| FY2021 | -4.2% | 1.08× | 6.62× | -30.1% |
| FY2020 | -19.7% | 0.96× | 5.30× | -99.7% |
| FY2019 | -6.4% | 0.68× | 3.22× | -14.1% |
| FY2018 | 1.2% | 1.12× | 1.96× | 2.6% |
| FY2017 | -0.1% | 1.02× | 1.83× | -0.1% |
| FY2016 | 2.5% | 0.99× | 1.81× | 4.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.75M
- Cash generatingOperating cash flow above zero$114.39M
- Return on assets improvedROA up on the prior year-1.2% → 0.1%
- Earnings backed by cashOperating cash flow above net income$114.39M vs $1.75M
- Less leverageLong-term debt to assets fell49.3% → 48.2%
- Better liquidityCurrent ratio rose0.78 → 0.75
- No dilutionShare count did not rise143M → 146M
- Gross margin improvedGross margin up on the prior year38.41% → 38.72%
- More efficientAsset turnover rose1.15 → 1.13