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%
Market cap
$7.6M
P/E
4.0×
Fwd P/E
−1.9×
Dividend yield
—
F-score
7/9
Altman Z
0.74
Beneish M
−2.64
Dividend safety
20/100
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
83.50 0.00 0.00 0.00 0.00 1.54 1.38 0.00 84.89 18.89
Piotroski F-Score
7 6 5 4 3 4 4 2 4 5
Altman Z-Score
0.74 0.68 0.52 0.55 0.58 1.17 0.72 1.28 2.59 1.94
P/S ratio
0.19 0.29 0.17 0.27 0.39 0.47 0.65 1.16 2.02 1.11
P/FCF ratio
0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.19 4.10 1.54
Altman Z″-Score (non-manufacturers)
4.55 4.21 4.17 3.66 3.12 4.44 3.11 4.14 4.76 4.89
Beneish M-Score
(2.64) (2.55) (3.04) (1.61) (2.90) (1.85) (1.40) (2.18) (2.46) (2.79)
P/Operating CF
0.46 0.65 0.39 0.72 1.42 1.98 3.23 5.28 11.07 5.22
Dividend Safety Score
20 — — — — — — — — —
P/B ratio
0.13 0.18 0.10 0.17 0.29 0.34 0.28 0.47 1.27 0.74
Price to Tangible BV
0.13 0.19 0.11 0.17 0.30 0.35 0.32 0.54 1.27 0.74
EV/Sales
(1.12) (1.17) (1.38) (1.17) (1.05) (0.89) (0.44) 0.19 1.12 0.19
EV/EBITDA
25.01 12.75 7.59 4.80 3.22 10.44 2.22 0.00 117.66 7.95
EV/Operating CF
1.94 1.38 1.45 1.04 1.74 3.43 36.12 0.49 2.02 0.25
EV/FCF
1.71 1.24 1.30 0.89 1.38 2.21 3.10 0.70 2.28 0.27
Quick Ratio
2.63 2.55 2.63 2.38 2.04 2.21 1.55 1.71 1.77 1.77
Current Ratio
2.85 2.74 2.81 2.50 2.15 2.28 1.70 1.88 2.09 2.16
Net Debt/EBITDA
42.35 20.24 10.32 6.91 4.83 30.91 7.50 14.53 (27.85) (17.01)
Debt/Assets
0.85% 0.91% 1.06% 1.00% 1.18% 1.02% 0.52% 0.56% 0.69% 0.69%
Debt/Equity
0.01 0.01 0.02 0.02 0.02 0.02 0.01 0.01 0.01 0.01
Asset Turnover
0.46 0.40 0.36 0.35 0.40 0.31 0.31 0.33 0.48 0.49
Operating CF/Net income
(7.94) 0.83 0.59 2.85 0.69 (0.27) (0.45) 1.22 4.62 2.53
Capex/Depreciation
(1.15) (0.36) (0.28) (0.93) 0.02 (0.24) (1.01) (1.72) (0.78) (0.70)
Interest Coverage
— — — (6.10) (7.10) (3.06) (60.03) (9.16) 0.67 5.01
ROE
0.03% (4.67%) (8.22%) (8.08%) (13.56%) 15.26% 20.86% (2.10%) 1.66% 3.93%
ROA
0.02% (3.06%) (5.26%) (4.83%) (7.99%) 9.80% 14.54% (1.50%) 1.14% 2.72%
ROIC
(20.57%) (48.60%) (88.27%) (91.36%) 0.00% (275.36%) (10.17%) (3.76%) 0.86% 2.61%
Return on Tangible Assets
0.04% (5.69%) (10.69%) (10.85%) (18.06%) 26.78% 63.13% (6.06%) 3.03% 6.65%
Average Days of Receivables
139.75 169.51 154.99 199.10 161.87 204.00 152.16 128.29 106.31 102.32
Research and Development Expense of Revenue
8.44% 10.05% 11.94% 16.78% 15.39% 14.23% 15.86% 14.86% 12.21% 11.20%
Selling, General and Administrative Expense of Revenue
44.92% 37.33% 39.15% 37.78% 59.25% 46.11% 57.97% 50.83% 40.67% 36.05%
Intangible Assets out of Total Assets
0.01 0.01 0.01 0.01 0.01 0.00 0.09 0.09 0.00 0.00
Share Based Compensation of Revenue
0.00% 0.22% 0.54% 1.00% 0.93% 0.78% 1.32% 1.02% 1.32% 0.13%
Graham Net Nets
6.08 4.28 7.30 4.17 2.62 2.30 0.78 0.49 0.36 0.70
Graham Number
2.40 0.00 0.00 0.00 0.00 47.04 89.80 0.00 18.62 24.45
Earnings Yield
1.20% (26.16%) (85.11%) (53.98%) (52.32%) 64.99% 72.44% (4.37%) 1.18% 5.29%
Free Cash Flow Yield
(348.19%) (324.82%) (604.02%) (480.68%) (193.57%) (84.86%) (22.04%) 23.87% 24.36% 64.82%
Revenue per Share
8.87 8.15 8.06 9.62 13.16 15.27 18.17 16.54 20.21 17.41
Operating CF per Share
(0.03) (0.51) (0.71) (3.83) (1.82) (1.30) (3.92) (0.92) 2.22 2.45
Capex per Share
(0.14) (0.06) (0.07) (0.31) 0.01 (0.15) (0.99) (0.67) (0.36) (0.35)
Free Cash Flow per Share
(0.17) (0.57) (0.78) (4.14) (1.82) (1.45) (4.92) (1.59) 1.86 2.10
Cash per Share
11.79 12.11 12.73 14.14 19.33 21.08 20.13 16.29 18.44 16.13
Shareholders Equity per Share
12.84 12.89 13.55 15.50 17.74 21.02 42.07 40.72 32.10 26.06
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
12.84 12.89 13.55 15.50 17.74 21.02 42.07 40.72 32.10 26.06
Free Cash Flow
(2.08) (6.85) (9.44) (50.20) (22.05) (17.65) (59.49) (19.31) 22.32 25.12
Working Capital
127.98 130.34 134.47 148.20 172.05 208.05 151.00 137.78 180.03 164.14
Capital Expenditures
(1.71) (0.69) (0.84) (3.77) 0.09 (1.85) (12.04) (8.14) (4.27) (4.22)
Net Current Asset Value
121.97 121.83 124.84 133.15 164.35 200.97 111.45 113.48 176.03 160.82
EV/EBIT
25.01 12.75 7.59 4.80 3.22 10.44 2.22 0.00 117.66 7.95
Capex to Sales
0.02 0.01 0.01 0.03 0.00 0.01 0.05 0.04 0.02 0.02
Price to Operating Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 211.97 45.19
Other line items
Depreciation/Fixed assets
0.99 3.11 2.98 2.09 0.98 0.79 0.82 0.34 0.55 0.58
Cash ROIC
(0.70%) (2.26%) (2.93%) (13.84%) (4.85%) (3.43%) (7.86%) (2.78%) 3.66% 4.95%
Accounts Receivable Turnover
2.47 2.25 1.86 1.74 1.83 1.90 2.71 2.84 3.76 3.05
Accounts Payable Turnover
2.93 3.24 3.01 2.72 2.74 2.41 2.91 2.20 2.87 2.55
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
114.16 121.39 96.04 117.75 132.69 144.36 123.48 161.99 131.84 131.03
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
43.12 43.49 52.60 67.26 87.18 97.61 81.05 70.46 64.42 68.25
Average Payables
18.58 18.69 21.78 29.98 33.78 35.62 37.92 39.44 38.97 41.11
Average Assets
233.81 243.32 275.15 337.34 398.91 594.96 719.26 613.34 504.77 426.34
Average Common Equity
154.52 159.65 176.22 201.67 235.17 382.11 501.16 438.76 347.94 295.03

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