TDAY · USA Today Co., Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.30B | $2.51B | $2.66B | $2.95B | $3.21B | $3.41B |
| Cost of Revenue | $1.41B | $1.55B | $1.69B | $1.86B | $1.90B | $2.03B |
| Gross Profit | $891.44M | $963.73M | $971.52M | $1.08B | $1.31B | $1.37B |
| R&D | - | - | - | - | - | - |
| SG&A | $639.75M | $726.03M | $735.34M | $852.49M | $902.06M | $999.79M |
| Total Operating Expenses | - | $2.55B | $2.58B | $2.98B | $3.10B | $3.85B |
| D&A | $165.76M | $156.29M | $162.62M | $182.02M | $203.96M | $263.82M |
| Operating Income | ($1.27M) | ($42.84M) | $86.27M | ($33.60M) | $109.08M | ($447.89M) |
| Interest Expense | $97.22M | $104.70M | $111.78M | $108.37M | $135.75M | $228.51M |
| Income Tax | ($3.03M) | ($51.29M) | $21.73M | $1.35M | $48.25M | ($33.45M) |
| Net Income | $1.75M | ($26.35M) | ($27.79M) | ($78.00M) | ($134.96M) | ($670.48M) |
| EPS - Basic | $0.01 | ($0.18) | ($0.20) | ($0.57) | ($1.00) | ($5.09) |
| EPS - Diluted | $0.01 | ($0.18) | ($0.20) | ($0.57) | ($1.00) | ($5.09) |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $90.21M | $106.30M | $100.18M | $94.25M | $130.76M | $170.72M |
| Accounts Receivable | $223.55M | $239.64M | $266.10M | $289.42M | $328.73M | $314.31M |
| Inventory | $12.89M | $20.91M | $26.79M | $45.22M | $37.66M | $35.08M |
| Accounts Payable | $144.40M | $154.16M | $142.22M | $189.09M | $157.26M | $147.00M |
| Current Assets | $389.18M | $425.89M | $444.24M | $507.78M | $577.26M | $636.69M |
| Total Assets | $1.84B | $2.04B | $2.18B | $2.39B | $2.83B | $3.11B |
| Current Liabilities | $517.78M | $545.60M | $533.51M | $617.04M | $662.53M | $741.30M |
| Long-term Debt | $884.90M | $1.01B | $980.80M | $1.10B | $1.47B | $1.58B |
| Total Liabilities | $1.68B | $1.89B | $1.86B | $2.10B | $2.30B | $2.75B |
| Stockholders' Equity | $155.11M | $153.14M | $317.79M | $295.74M | $532.10M | $364.11M |
| Retained Earnings | ($1.05B) | ($1.05B) | ($1.03B) | ($999.40M) | ($921.40M) | ($786.44M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $114.39M | $100.31M | $94.57M | $40.78M | $127.45M | $57.77M |
| Investing Cash Flow | $8.97M | ($27.95M) | $46.98M | $22.12M | $70.65M | $160.14M |
| Financing Cash Flow | ($139.84M) | ($68.85M) | ($135.51M) | ($102.87M) | ($261.17M) | ($201.34M) |
| CapEx | $51.49M | $49.53M | $38.12M | $45.38M | $39.56M | $36.98M |
| Free Cash Flow | $62.90M | $50.78M | $56.46M | ($4.60M) | $87.89M | $20.80M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 38.7% | 38.4% | 36.5% | 36.8% | 40.7% | 40.3% |
| Operating margin | -0.1% | -1.7% | 3.2% | -1.1% | 3.4% | -13.2% |
| EBITDA margin | 7.1% | 4.5% | 9.3% | 5.0% | 9.8% | -5.4% |
| Net margin | 0.1% | -1.1% | -1.0% | -2.6% | -4.2% | -19.7% |
| Free cash flow margin | 2.7% | 2.0% | 2.1% | -0.2% | 2.7% | 0.6% |
| FCF / Net income | 35.97 | -1.93 | -2.03 | 0.06 | -0.65 | -0.03 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 27.8% | 28.9% | 27.6% | 28.9% | 28.1% | 29.4% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | 0.1% | -1.3% | -1.3% | -3.3% | -4.8% | -21.6% |
| Return on equity | 1.1% | -17.2% | -8.7% | -26.4% | -25.4% | -184.1% |
| Return on invested capital | -0.1% | -2.9% | 5.2% | -1.9% | 4.3% | -18.2% |
| Liquidity | ||||||
| Current ratio | 0.75 | 0.78 | 0.83 | 0.82 | 0.87 | 0.86 |
| Quick ratio | 0.73 | 0.74 | 0.78 | 0.75 | 0.81 | 0.81 |
| Cash ratio | 0.17 | 0.19 | 0.19 | 0.15 | 0.20 | 0.23 |
| Leverage | ||||||
| Debt / Equity | 5.70 | 6.57 | 3.09 | 3.72 | 2.77 | 4.33 |
| Debt / Assets | 0.48 | 0.49 | 0.45 | 0.46 | 0.52 | 0.51 |
| Debt / EBITDA | 5.38 | 8.86 | 3.94 | 7.42 | 4.70 | - |
| Interest coverage | -0.0x | -0.4x | 0.8x | -0.3x | 0.8x | -2.0x |
| Equity multiplier | 11.84 | 13.32 | 6.86 | 8.09 | 5.31 | 8.54 |
| Liabilities / Assets | 0.92 | 0.93 | 0.85 | 0.88 | 0.81 | 0.88 |
| Efficiency | ||||||
| Asset turnover | 1.25 | 1.23 | 1.22 | 1.23 | 1.13 | 1.10 |
| Inventory turnover | 109.47 | 73.92 | 63.15 | 41.14 | 50.49 | 58.00 |
| Days sales outstanding | 35d | 35d | 36d | 36d | 37d | 34d |
| Days inventory outstanding | 3d | 5d | 6d | 9d | 7d | 6d |
| Days payable outstanding | 37d | 36d | 31d | 37d | 30d | 26d |
| Cash conversion cycle | 1d | 3d | 12d | 8d | 14d | 14d |
| Valuation | ||||||
| P / E | 515.0x | - | - | - | - | - |
| P / B | 4.8x | 4.7x | - | - | - | - |
| P / S | 0.3x | 0.3x | - | - | - | - |
| EV / EBITDA | 9.4x | 14.3x | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -8.3% | -5.8% | -9.6% | -8.2% | -5.8% | 153.8% |
| Revenue CAGR (3y) | -7.9% | -7.9% | -7.9% | 30.0% | 28.1% | 36.4% |
| Revenue CAGR (5y) | -7.5% | 13.3% | 11.8% | 17.0% | 20.6% | - |
| Gross profit growth (YoY) | -7.5% | -0.8% | -10.5% | -17.0% | -4.7% | 128.9% |
| Operating income growth (YoY) | 97.0% | - | - | - | - | -204.7% |
| Net income growth (YoY) | - | 5.2% | 64.4% | 42.2% | 79.9% | -459.5% |
| EPS growth (YoY) | - | 10.0% | 64.9% | 43.0% | 80.4% | -187.6% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 23.9% | -10.1% | - | - | 322.7% | 79.9% |
| FCF CAGR (5y) | 24.8% | 34.5% | -10.4% | - | 23.3% | - |
| Book value growth (YoY) | 1.3% | -51.8% | 7.5% | -44.4% | 46.1% | -62.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$2.43B totalUSATODAYMedia Segment$1.74B · 71.7%
Locali QSegment$448.31M · 18.4%
Newsquest Segment$238.27M · 9.8%
Product / service
$4.16B totalPrint And Commercial$1.25B · 30.0%
Digital$1.06B · 25.4%
Print Circulation$505.04M · 12.1%
Print Advertising$402.93M · 9.7%
Digital Advertising$301.30M · 7.2%
Commercial And Other$181.41M · 4.4%
Digital Only Subscription$166.25M · 4.0%
Digital Marketing Services$128.11M · 3.1%
Commercial Printing And Delivery Revenue$111.20M · 2.7%
Digital Other$58.55M · 1.4%
Geographic
$280.50M totalGB$238.30M · 85.0%
Foreign Countries$42.20M · 15.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.75
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Newspapers: Publishing or Publishing & Printing
Comparing USA TODAY Co. against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Oct 31, 2019 | $0.3800 |
| Aug 19, 2019 | $0.3800 |
| May 10, 2019 | $0.3800 |
| Mar 8, 2019 | $0.3800 |
| Nov 8, 2018 | $0.3800 |
| Aug 10, 2018 | $0.3700 |
| May 11, 2018 | $0.3700 |
| Mar 13, 2018 | $0.3700 |
| Nov 7, 2017 | $0.3700 |
| Aug 7, 2017 | $0.3500 |
| May 8, 2017 | $0.3500 |
| Mar 6, 2017 | $0.3500 |
| Nov 7, 2016 | $0.3500 |
| Aug 8, 2016 | $0.3300 |
| May 9, 2016 | $0.3300 |
| Mar 7, 2016 | $0.3300 |
| Nov 9, 2015 | $0.3300 |
| Aug 10, 2015 | $0.3300 |
| May 11, 2015 | $0.3300 |
| Mar 9, 2015 | $0.3000 |
| Nov 7, 2014 | $0.2700 |
| Aug 8, 2014 | $0.2700 |