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 '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 |
| 0.03% | (4.67%) | (8.22%) | (8.08%) | (13.56%) | 15.26% | 20.86% | (2.10%) | 1.66% | 3.93% | |
| 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 |
Columns are period end dates