Saturday 17 October 2026
Export FENG’s income statement to Excel — free account
Phoenix New Media Limited
FENG Communication Services Internet Content & Information
Phoenix New Media Limited’s revenue for fiscal 2025 (year ended December 2025) was $106.5 million, up 8.79% from fiscal 2024. In the quarter to June 2026, revenue grew 22.3%, EPS grew 166.7%, free cash flow grew 90.6% and total debt fell 4.62%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
1.44
0.04
+2.86%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
18.89 | 84.89 | 0.00 | 1.38 | 1.54 | 0.00 | 0.00 | 0.00 | 0.00 | 83.50 |
Piotroski F-Score |
5 | 4 | 2 | 4 | 4 | 3 | 4 | 5 | 6 | 7 |
Altman Z-Score |
1.94 | 2.59 | 1.28 | 0.72 | 1.17 | 0.58 | 0.55 | 0.52 | 0.68 | 0.74 |
P/S ratio |
1.11 | 2.02 | 1.16 | 0.65 | 0.47 | 0.39 | 0.27 | 0.17 | 0.29 | 0.19 |
P/FCF ratio |
1.54 | 4.10 | 4.19 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
4.89 | 4.76 | 4.14 | 3.11 | 4.44 | 3.12 | 3.66 | 4.17 | 4.21 | 4.55 |
Beneish M-Score |
(2.79) | (2.46) | (2.18) | (1.40) | (1.85) | (2.90) | (1.61) | (3.04) | (2.55) | (2.64) |
P/Operating CF |
5.22 | 11.07 | 5.28 | 3.23 | 1.98 | 1.42 | 0.72 | 0.39 | 0.65 | 0.46 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 20 |
P/B ratio |
0.74 | 1.27 | 0.47 | 0.28 | 0.34 | 0.29 | 0.17 | 0.10 | 0.18 | 0.13 |
Price to Tangible BV |
0.74 | 1.27 | 0.54 | 0.32 | 0.35 | 0.30 | 0.17 | 0.11 | 0.19 | 0.13 |
EV/Sales |
0.19 | 1.12 | 0.19 | (0.44) | (0.89) | (1.05) | (1.17) | (1.38) | (1.17) | (1.12) |
EV/EBITDA |
7.95 | 117.66 | 0.00 | 2.22 | 10.44 | 3.22 | 4.80 | 7.59 | 12.75 | 25.01 |
EV/Operating CF |
0.25 | 2.02 | 0.49 | 36.12 | 3.43 | 1.74 | 1.04 | 1.45 | 1.38 | 1.94 |
EV/FCF |
0.27 | 2.28 | 0.70 | 3.10 | 2.21 | 1.38 | 0.89 | 1.30 | 1.24 | 1.71 |
Quick Ratio |
1.77 | 1.77 | 1.71 | 1.55 | 2.21 | 2.04 | 2.38 | 2.63 | 2.55 | 2.63 |
Current Ratio |
2.16 | 2.09 | 1.88 | 1.70 | 2.28 | 2.15 | 2.50 | 2.81 | 2.74 | 2.85 |
Net Debt/EBITDA |
(17.01) | (27.85) | 14.53 | 7.50 | 30.91 | 4.83 | 6.91 | 10.32 | 20.24 | 42.35 |
Debt/Assets |
0.69% | 0.69% | 0.56% | 0.52% | 1.02% | 1.18% | 1.00% | 1.06% | 0.91% | 0.85% |
Debt/Equity |
0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
Asset Turnover |
0.49 | 0.48 | 0.33 | 0.31 | 0.31 | 0.40 | 0.35 | 0.36 | 0.40 | 0.46 |
Operating CF/Net income |
2.53 | 4.62 | 1.22 | (0.45) | (0.27) | 0.69 | 2.85 | 0.59 | 0.83 | (7.94) |
Capex/Depreciation |
(0.70) | (0.78) | (1.72) | (1.01) | (0.24) | 0.02 | (0.93) | (0.28) | (0.36) | (1.15) |
Interest Coverage |
5.01 | 0.67 | (9.16) | (60.03) | (3.06) | (7.10) | (6.10) | — | — | — |
| 3.93% | 1.66% | (2.10%) | 20.86% | 15.26% | (13.56%) | (8.08%) | (8.22%) | (4.67%) | 0.03% | |
| 2.72% | 1.14% | (1.50%) | 14.54% | 9.80% | (7.99%) | (4.83%) | (5.26%) | (3.06%) | 0.02% | |
ROIC |
2.61% | 0.86% | (3.76%) | (10.17%) | (275.36%) | 0.00% | (91.36%) | (88.27%) | (48.60%) | (20.57%) |
Return on Tangible Assets |
6.65% | 3.03% | (6.06%) | 63.13% | 26.78% | (18.06%) | (10.85%) | (10.69%) | (5.69%) | 0.04% |
Average Days of Receivables |
102.32 | 106.31 | 128.29 | 152.16 | 204.00 | 161.87 | 199.10 | 154.99 | 169.51 | 139.75 |
Research and Development Expense of Revenue |
11.20% | 12.21% | 14.86% | 15.86% | 14.23% | 15.39% | 16.78% | 11.94% | 10.05% | 8.44% |
Selling, General and Administrative Expense of Revenue |
36.05% | 40.67% | 50.83% | 57.97% | 46.11% | 59.25% | 37.78% | 39.15% | 37.33% | 44.92% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.09 | 0.09 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
0.13% | 1.32% | 1.02% | 1.32% | 0.78% | 0.93% | 1.00% | 0.54% | 0.22% | 0.00% |
Graham Net Nets |
0.70 | 0.36 | 0.49 | 0.78 | 2.30 | 2.62 | 4.17 | 7.30 | 4.28 | 6.08 |
Graham Number |
24.45 | 18.62 | 0.00 | 89.80 | 47.04 | 0.00 | 0.00 | 0.00 | 0.00 | 2.40 |
Earnings Yield |
5.29% | 1.18% | (4.37%) | 72.44% | 64.99% | (52.32%) | (53.98%) | (85.11%) | (26.16%) | 1.20% |
Free Cash Flow Yield |
64.82% | 24.36% | 23.87% | (22.04%) | (84.86%) | (193.57%) | (480.68%) | (604.02%) | (324.82%) | (348.19%) |
Revenue per Share |
17.41 | 20.21 | 16.54 | 18.17 | 15.27 | 13.16 | 9.62 | 8.06 | 8.15 | 8.87 |
Operating CF per Share |
2.45 | 2.22 | (0.92) | (3.92) | (1.30) | (1.82) | (3.83) | (0.71) | (0.51) | (0.03) |
Capex per Share |
(0.35) | (0.36) | (0.67) | (0.99) | (0.15) | 0.01 | (0.31) | (0.07) | (0.06) | (0.14) |
Free Cash Flow per Share |
2.10 | 1.86 | (1.59) | (4.92) | (1.45) | (1.82) | (4.14) | (0.78) | (0.57) | (0.17) |
Cash per Share |
16.13 | 18.44 | 16.29 | 20.13 | 21.08 | 19.33 | 14.14 | 12.73 | 12.11 | 11.79 |
Shareholders Equity per Share |
26.06 | 32.10 | 40.72 | 42.07 | 21.02 | 17.74 | 15.50 | 13.55 | 12.89 | 12.84 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
26.06 | 32.10 | 40.72 | 42.07 | 21.02 | 17.74 | 15.50 | 13.55 | 12.89 | 12.84 |
Free Cash Flow |
25.12 | 22.32 | (19.31) | (59.49) | (17.65) | (22.05) | (50.20) | (9.44) | (6.85) | (2.08) |
Working Capital |
164.14 | 180.03 | 137.78 | 151.00 | 208.05 | 172.05 | 148.20 | 134.47 | 130.34 | 127.98 |
Capital Expenditures |
(4.22) | (4.27) | (8.14) | (12.04) | (1.85) | 0.09 | (3.77) | (0.84) | (0.69) | (1.71) |
Net Current Asset Value |
160.82 | 176.03 | 113.48 | 111.45 | 200.97 | 164.35 | 133.15 | 124.84 | 121.83 | 121.97 |
EV/EBIT |
7.95 | 117.66 | 0.00 | 2.22 | 10.44 | 3.22 | 4.80 | 7.59 | 12.75 | 25.01 |
Capex to Sales |
0.02 | 0.02 | 0.04 | 0.05 | 0.01 | 0.00 | 0.03 | 0.01 | 0.01 | 0.02 |
Price to Operating Income |
45.19 | 211.97 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.58 | 0.55 | 0.34 | 0.82 | 0.79 | 0.98 | 2.09 | 2.98 | 3.11 | 0.99 |
Cash ROIC |
4.95% | 3.66% | (2.78%) | (7.86%) | (3.43%) | (4.85%) | (13.84%) | (2.93%) | (2.26%) | (0.70%) |
Accounts Receivable Turnover |
3.05 | 3.76 | 2.84 | 2.71 | 1.90 | 1.83 | 1.74 | 1.86 | 2.25 | 2.47 |
Accounts Payable Turnover |
2.55 | 2.87 | 2.20 | 2.91 | 2.41 | 2.74 | 2.72 | 3.01 | 3.24 | 2.93 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
131.03 | 131.84 | 161.99 | 123.48 | 144.36 | 132.69 | 117.75 | 96.04 | 121.39 | 114.16 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
68.25 | 64.42 | 70.46 | 81.05 | 97.61 | 87.18 | 67.26 | 52.60 | 43.49 | 43.12 |
Average Payables |
41.11 | 38.97 | 39.44 | 37.92 | 35.62 | 33.78 | 29.98 | 21.78 | 18.69 | 18.58 |
Average Assets |
426.34 | 504.77 | 613.34 | 719.26 | 594.96 | 398.91 | 337.34 | 275.15 | 243.32 | 233.81 |
Average Common Equity |
295.03 | 347.94 | 438.76 | 501.16 | 382.11 | 235.17 | 201.67 | 176.22 | 159.65 | 154.52 |
Columns are period end dates