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USA TODAY Co., Inc.

TDAY Communication Services Publishing

USA TODAY Co., Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, down 8.25% from fiscal 2024.

Revenue
−7.41%
EPS
+88.9%
Free cash flow
−28.2%
Total debt
−3.89%

Quarter to September 2026, against a year earlier

6.12 0.05 +0.82%
Market cap
$898.5M
P/E
0.0×
Fwd P/E
21.0×
Dividend yield
—
F-score
6/9
Altman Z
0.76
Beneish M
−2.84
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.08
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — 1 — — — — — — — — —
Insider Ownership 20.38%

Capital & Financial Ratios $m

Size
Market Cap 898.52
Revenue ttm 2,189.06
Net income ttm (5.64)
Free cash flow ttm 74.24
Net debt Q 865.81
Valuation
P/E 0.00
Forward P/E 21.00
Price / sales 0.41
Forward P/S Powerpack
Price / FCF 12.15
Price / book 6.16 (above 6: high)
Financial health
Current ratio Q 0.73 (below 1: weak)
Debt / equity Q 6.38 (above 2: weak)
Interest coverage Q 0.00
Growth
Revenue growth Q −7.41% (below 0%: shrinking)
Operating income growth Q +158.01% (above 0%: growing)
EPS, this year +347.45% (at or above 15%: strong)
EPS, next year A −4.52% (below 0%: weak)
Revenue, next year A −5.22% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A +52.67% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 0.6×; over the ten years it ranged from 0.4× in 2022 to 1.0× in 2019.
P/S against its own 10 years 64.21%
10-year low 10-year high
P/B against its own 10 years 95.01%
10-year low 10-year high
EV/Sales against its own 10 years 80.67%
10-year low 10-year high
EV/FCF against its own 10 years 90.15%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2017–25
−100.0%/yr
  1. 2.06 ’17
  2. 2.13 ’18 +3
  3. 1.84 ’19 −14
  4. 0.00 ’20 −100
  5. 0.00 ’21
  6. 0.00 ’22
  7. 0.00 ’23
  8. 0.00 ’24
  9. 0.00 ’25
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 100 106 90 68
Receivables 266 240 224 210
Inventory 27 21 13 15
Other 15 19 17 18
444 426 389 364
2023 2024 2025 Q'26
Payables 293 318 308 289
ST’ Debt 64 74 69 71
Other 10 5 1 4
534 546 518 497

Compound Annual Growth %

10y 5y 3y
Sales 6.77% (7.53%) (7.88%)
Cash Flow (0.08%) 14.64% 41.03%
Earnings (30.61%) 0.00% 0.00%
Book Value (13.34%) (15.74%) (19.41%)

EPS $

Mar Jun Sep Dec Year
’26 0.12 0.06 (0.03) — —
’25 (0.05) 0.42 (0.27) (0.21) 0.01
’24 (0.60) 0.06 (0.14) 0.50 (0.18)
’23 0.07 (0.09) (0.02) (0.16) (0.20)
’22 (0.02) (0.39) (0.39) 0.24 (0.57)
’21 (1.06) 0.06 0.06 (0.17) (1.00)
’20 (0.61) (3.32) (0.24) (0.92) (5.09)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 548 536 519 — —
’25 572 585 561 585 2,302
’24 636 640 612 621 2,509
’23 669 672 653 669 2,664
’22 748 749 718 731 2,945
’21 777 804 800 827 3,208
’20 949 767 815 875 3,406
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 19 35 17 — —
’25 23 33 15 43 114
’24 22 35 34 9 100
’23 7 46 21 21 95
’22 32 (31) 31 8 41
’21 61 31 41 (6) 127
’20 60 (36) 50 (17) 58
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 16 20 4 — —
’25 58 19 6 35 118
’24 10 31 33 (2) 72
’23 27 40 60 14 142
’22 42 (34) 60 11 79
’21 64 36 73 26 200
’20 57 (37) 51 146 217
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,255 1,342 1,526 1,868 3,406 3,208 2,945 2,664 2,509 2,302 2,189 +7.0% 2,182 2,138 2,092 (3.1%)
Gross margin, % 44.29 44.65 43.30 42.20 40.27 40.73 36.84 36.47 38.41 38.72 39.01 (5.6) pt
EBT 29 0 20 (207) (706) (88) (77) (6) (78) (1) 83 n/m
EBT margin, % 2.34 (0.03) 1.31 (11.09) (20.73) (2.74) (2.61) (0.23) (3.10) (0.06) 3.79 (2.4) pt
Net income 32 (1) 18 (121) (672) (136) (78) (28) (26) 2 (6) (27.5%)
Per share, $
Per share, $ Revenue 27.75 25.32 26.30 27.60 25.85 23.80 21.51 19.08 17.61 15.87 14.85 (6.0%)
Earnings 0.70 (0.02) 0.31 (1.77) (5.09) (1.00) (0.57) (0.20) (0.18) 0.01 (0.04) (37.6%)
Cash flow 2.10 2.08 1.89 0.38 0.44 0.95 0.30 0.68 0.70 0.79 0.78 (10.3%)
Capex (0.23) (0.21) (0.20) (0.21) 1.21 0.54 0.28 0.34 (0.20) 0.03 (0.27) n/m
Free cash flow 1.86 1.88 1.69 0.17 1.65 1.48 0.58 1.02 0.50 0.81 0.50 (8.8%)
Book value 16.69 12.72 12.36 14.50 2.76 3.93 2.16 2.27 1.07 1.07 0.99 (26.3%)
Shares, m 45 53 58 68 132 135 137 140 143 145 146 +13.8%
Valuation, ×
Valuation, × P/E 23.25 0.00 37.32 0.00 0.00 0.00 0.00 0.00 0.00 515.00 0.00 57.6
P/S 0.58 0.67 0.44 0.23 0.13 0.22 0.10 0.12 0.29 0.32 0.41 0.3
P/B 0.96 1.33 0.94 0.44 1.22 1.36 0.98 1.04 4.72 4.83 6.16 1.8
EV/Sales 0.72 0.90 0.70 1.03 0.55 0.57 0.46 0.48 0.68 0.70 0.81 0.7
EV/FCF 10.73 12.19 10.86 166.01 8.62 9.12 17.21 9.00 23.62 13.63 23.82 28.1
Cash, $m
Cash, $m Operating cash flow 95 111 110 26 58 127 41 95 100 114 115 +2.1%
Capex (11) (11) (12) (14) 159 72 38 47 (29) 4 (40) n/m
Free cash flow 84 99 98 12 217 200 79 142 72 118 74 +3.8%
Balance, $m
Balance, $m Working capital 174 60 50 61 (105) (85) (109) (89) (120) (129) (133) n/m
Net debt 178 314 392 1,487 1,429 1,102 1,068 944 974 864 866 +19.2%
Shareholders’ equity 755 674 717 981 364 530 295 317 153 155 146 (16.2%)
Returns, %
Returns, % ROA 2.50 (0.07) 1.33 (4.39) (18.81) (4.55) (2.99) (1.21) (1.25) 0.09 (0.31) (2.4) pt
ROIC 4.06 2.14 3.28 (3.72) (15.61) 4.18 (1.54) 4.97 (0.56) 4.23 0.00 +0.2 pt
ROE 4.51 (0.13) 2.62 (14.11) (99.67) (30.20) (18.91) (9.07) (11.22) 1.14 (3.32) (3.4) pt
People
People Employees 10,092 10,516 10,638 21,255 18,100 13,800 11,200 10,000 8,900 7,500 — (3.2%)
Revenue/emp, $m 0.12 0.13 0.14 0.09 0.19 0.23 0.26 0.27 0.28 0.31 — +10.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

USA TODAY Co., Inc. vs peers in Publishing (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NYT The New York Times Company $10.6B 25.8× 27.1× +9.66% (above 0%: growing) +20.70% (above 0%: growing) −14.82% (below 0%: shrinking) 51.41% 15.87% Compare
PSO Pearson, PLC $10.5B 18.0× — +7.23% (above 0%: growing) +1,083.81% (above 0%: growing) +1,102.06% (above 0%: growing) 48.91% 0.00% Compare
WLY John Wiley & Sons, Inc. $2.6B 13.1× 15.7× −2.63% (below 0%: shrinking) n/m +30.28% (above 0%: growing) 73.89% 0.76% Compare
WLYB John Wiley & Sons, Inc. $2.1B 13.2× — −2.63% (below 0%: shrinking) n/m +30.28% (above 0%: growing) 73.89% 0.76% Compare
TDAY USA TODAY Co., Inc. $898.5M — (loss-making) 21.0× −7.41% (below 0%: shrinking) n/m −28.17% (below 0%: shrinking) 35.06% 0.00%
SCHL Scholastic Corporation $678.6M 24.4× 30.9× −3.90% (below 0%: shrinking) n/m −18.41% (below 0%: shrinking) 45.53% (42.53%) Compare
LEE Lee Enterprises, Incorporated $156.0M — (loss-making) — (loss-making) −10.85% (below 0%: shrinking) n/m −36.16% (below 0%: shrinking) 62.43% 6.85% Compare
EDUC Educational Development Corporation $8.4M 5.2× 10.4× −11.92% (below 0%: shrinking) n/m −1,474.93% (below 0%: shrinking) 59.73% (38.41%) Compare
TNMG TNL Mediagene $2.2M 12.4× — — +25.00% (above 0%: growing) −233.71% (below 0%: shrinking) — — Compare
Median of peers $1.4B 13.2× 21.4× −2.63% +25.00% −16.62% 59.73% 0.76%

All 9 Publishing stocks →

Pay and ownership Proxy statement filed 17 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 4.09m 3.29m 153.27
2024 4.49m 7.02m 150.60
2023 3.86m 2.60m 68.45
2022 3.38m (4.56m) 60.42
2021 7.74m 12.33m 158.63

Ownership

Directors and executive officers, together 4.40%
Two Seas Capital LP, et. al.32 Elm Place, 9.70%
Apollo Management Holdings GP, LLC, et. al. 8.30%
Alta Fundamental Advisers LLC780 Third Avenue, Suite 7.60%
BlackRock, Inc. 7.30%
Entities affiliated with The Vanguard Group, Inc. 5.80%
William H. Miller III Living Trust and Miller Value Partners, LLCOne South Street, Suite 5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

USA TODAY Co., Inc. (TDAY) Latest News

5 Nov

Impact 4 · · Moby
Impact 4 · · The Motley Fool
Impact 3 · · The Motley Fool transcript
Impact 3 · · Business Wire

26 Oct

Impact 3 · · Simply Wall St.

7 Oct

Impact 4 · · fastcompany.com
Impact 3 · · Business Wire

6 Oct

Impact 3 · · 24/7 Wall St.

28 Sep

Impact 4 · · Business Wire
Impact 4 · · GlobeNewswire

15 Aug

Impact 3 ·

13 Aug

Impact 3 · · The Motley Fool transcript

11 Aug

Impact 3 ·

9 Aug

Impact 3 · · futurism.com
Impact 3 · · MarketBeat transcript

7 Aug

Impact 3 · · Moby transcript

6 Aug

Impact 4 · transcript
Impact 3 ·

10 Jul

Impact 4 · · gadgetreview.com

22 Jun

Impact 3 · · MarketBeat

16 Jun

Impact 3 ·

4 May

Impact 4 · · Simply Wall St.

2 May

Impact 4 · · MarketBeat

30 Apr

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · Business Wire

25 Apr

Impact 4 · · Simply Wall St.

18 Apr

Impact 4 · · Simply Wall St.

14 Apr

Impact 3 · · Business Wire

12 Mar

Impact 4 · · Simply Wall St.
stockrow.com/TDAY · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com