TGNA · Tegna 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 | $2.71B | $3.10B | $2.91B | $3.28B | $2.99B | $2.94B |
| Cost of Revenue | $1.73B | $1.76B | $1.72B | $1.69B | $1.60B | $1.50B |
| Gross Profit | $981.15M | $1.35B | $1.19B | $1.59B | $1.39B | $1.43B |
| R&D | - | - | - | - | - | - |
| SG&A | $379.72M | $394.59M | $412.00M | $414.53M | $396.45M | $365.60M |
| Total Operating Expenses | $2.27B | $2.32B | $2.18B | $2.29B | $2.19B | $2.07B |
| D&A | $61.65M | $59.94M | $59.77M | $61.20M | $64.84M | $66.88M |
| Operating Income | $442.97M | $784.78M | $733.54M | $990.63M | $802.22M | $870.98M |
| Interest Expense | $158.39M | $169.24M | $172.90M | $174.02M | $185.65M | $210.29M |
| Income Tax | $69.33M | $173.94M | $130.20M | $202.37M | $135.48M | $154.29M |
| Net Income | $219.86M | $599.82M | $476.72M | $630.47M | $476.95M | $482.78M |
| EPS - Basic | $1.36 | $3.55 | $2.29 | $2.82 | $2.15 | $2.20 |
| EPS - Diluted | $1.34 | $3.53 | $2.28 | $2.81 | $2.14 | $2.19 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $291.24M | $693.21M | $361.04M | $551.68M | $56.99M | $40.97M |
| Accounts Receivable | $603.52M | $604.30M | $624.45M | $658.32M | $642.28M | $550.75M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $93.28M | $87.34M | $114.95M | $76.21M | $73.00M | $58.05M |
| Current Assets | $981.00M | $1.36B | $1.05B | $1.30B | $787.59M | $672.59M |
| Total Assets | $6.87B | $7.33B | $7.00B | $7.33B | $6.92B | $6.85B |
| Current Liabilities | $430.37M | $466.28M | $423.37M | $391.02M | $375.13M | $424.18M |
| Long-term Debt | $2.53B | $3.08B | $3.07B | $3.07B | $3.23B | $3.55B |
| Total Liabilities | $3.72B | $4.30B | $4.28B | $4.24B | $4.38B | $4.78B |
| Stockholders' Equity | $3.16B | $3.00B | $2.70B | $3.07B | $2.52B | $2.06B |
| Retained Earnings | $3.17B | $8.55B | $8.09B | $7.90B | $7.46B | $7.08B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $326.00M | $684.97M | $587.25M | $812.15M | $501.61M | $805.14M |
| Investing Cash Flow | ($44.97M) | $31.77M | ($27.99M) | ($51.23M) | ($69.26M) | ($59.52M) |
| Financing Cash Flow | ($683.00M) | ($384.56M) | ($749.90M) | ($266.23M) | ($416.33M) | ($734.05M) |
| CapEx | $43.43M | $52.44M | $54.69M | $51.33M | $63.08M | $45.50M |
| Free Cash Flow | $282.56M | $632.53M | $532.55M | $760.82M | $438.54M | $759.64M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 36.2% | 43.4% | 41.0% | 48.4% | 46.5% | 48.8% |
| Operating margin | 16.3% | 25.3% | 25.2% | 30.2% | 26.8% | 29.6% |
| EBITDA margin | 18.6% | 27.2% | 27.3% | 32.1% | 29.0% | 31.9% |
| Net margin | 8.1% | 19.3% | 16.4% | 19.2% | 15.9% | 16.4% |
| Free cash flow margin | 10.4% | 20.4% | 18.3% | 23.2% | 14.7% | 25.9% |
| FCF / Net income | 1.29 | 1.05 | 1.12 | 1.21 | 0.92 | 1.57 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 14.0% | 12.7% | 14.2% | 12.6% | 13.3% | 12.4% |
| Effective tax rate | 24.0% | 22.5% | 21.5% | 24.3% | 22.1% | 24.2% |
| Return on assets | 3.2% | 8.2% | 6.8% | 8.6% | 6.9% | 7.0% |
| Return on equity | 7.0% | 20.0% | 17.6% | 20.5% | 18.9% | 23.5% |
| Return on invested capital | 5.9% | 10.0% | 10.0% | 12.2% | 10.9% | 11.8% |
| Liquidity | ||||||
| Current ratio | 2.28 | 2.92 | 2.48 | 3.33 | 2.10 | 1.59 |
| Quick ratio | 2.28 | 2.92 | 2.48 | 3.33 | 2.10 | 1.59 |
| Cash ratio | 0.68 | 1.49 | 0.85 | 1.41 | 0.15 | 0.10 |
| Leverage | ||||||
| Debt / Equity | 0.80 | 1.02 | 1.14 | 1.00 | 1.28 | 1.73 |
| Debt / Assets | 0.37 | 0.42 | 0.44 | 0.42 | 0.47 | 0.52 |
| Debt / EBITDA | 5.01 | 3.64 | 3.87 | 2.92 | 3.73 | 3.79 |
| Interest coverage | 2.8x | 4.6x | 4.2x | 5.7x | 4.3x | 4.1x |
| Equity multiplier | 2.18 | 2.44 | 2.59 | 2.39 | 2.75 | 3.33 |
| Liabilities / Assets | 0.54 | 0.59 | 0.61 | 0.58 | 0.63 | 0.70 |
| Efficiency | ||||||
| Asset turnover | 0.39 | 0.42 | 0.42 | 0.45 | 0.43 | 0.43 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 81d | 71d | 78d | 73d | 78d | 68d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 20d | 18d | 24d | 16d | 17d | 14d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -12.6% | 6.6% | -11.2% | 9.6% | 1.8% | 27.8% |
| Revenue CAGR (3y) | -6.1% | 1.2% | -0.3% | 12.6% | 14.3% | 15.6% |
| Revenue CAGR (5y) | -1.6% | 6.2% | 7.8% | 11.5% | -2.2% | -0.8% |
| Gross profit growth (YoY) | -27.1% | 12.9% | -24.8% | 13.9% | -2.9% | 33.9% |
| Operating income growth (YoY) | -43.6% | 7.0% | -26.0% | 23.5% | -7.9% | 55.8% |
| Net income growth (YoY) | -63.3% | 25.8% | -24.4% | 32.2% | -1.2% | 68.7% |
| EPS growth (YoY) | -62.0% | 54.8% | -18.9% | 31.3% | -2.3% | 67.2% |
| EPS CAGR (3y) | -21.9% | 18.2% | 1.4% | 29.0% | 4.6% | 20.2% |
| EPS CAGR (5y) | -9.4% | 21.9% | 4.0% | 17.4% | 1.5% | 1.8% |
| FCF growth (YoY) | -55.3% | 18.8% | -30.0% | 73.5% | -42.3% | 263.3% |
| FCF CAGR (5y) | -17.9% | 24.8% | 2.9% | 19.7% | -5.7% | 9.0% |
| Book value growth (YoY) | 5.0% | 11.1% | -11.9% | 21.9% | 22.4% | 29.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-12-31.
Product / service
$3.10B totalSubscription$1.46B · 46.9%
Advertising And Marketing Services$1.23B · 39.5%
Political$373.23M · 12.0%
Other Revenue Source$46.29M · 1.5%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.40
Grey zone
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
5/9
Neutral
- ✓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: Television Broadcasting Stations
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| NXST | $4.95B | 2.2% | 5.3% |
| PARAA,PARA | - | - | - |
| LSXMA | $4.48B | 12.4% | 7.2% |
| SSP | $2.15B | 6.8% | 11.7% |
| GTN | $3.10B | -2.7% | -3.9% |
Comparing TEGNA INC against the 5 most active filers in the same SIC group.