Saturday 17 October 2026 Export TDAY’s income statement to Excel — free account

USA TODAY Co., Inc.

USA TODAY Co., Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, down 8.25% from fiscal 2024. In the quarter to June 2026, revenue fell 8.30%, EPS fell 88.9%, free cash flow grew 1.14% and total debt fell 3.91%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

6.97 0.21 −2.92%

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Market cap: $1.1B
P/E: 0.0×
Fwd P/E: 26.6×
Dividend yield: —
F-score: 6/9
Altman Z: 0.76
Beneish M: −2.84
Dividend safety: n/a

Overview Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.08

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	1	—	—	—	—	—	—	—	—

Insider Ownership 20.00%

Capital & Financial Ratios $m

Market Cap 1,050.00

Revenue 2,230.61

Net Income (40.28)

Free Cash Flow 75.92

Net Debt 863.54

Current Ratio 0.81

Debt/Equity 6.20

P/E ratio 0.00

Fwd P/E 26.60

P/S ratio 0.46

P/B ratio 6.67

Past 5Y EPS Growth —

This Y EPS Growth 395.01%

Next Y EPS Growth (3.52%)

Next Y revenue growth (5.22%)

Next 5Y EPS Growth 57.32%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 67.31%

10-year low 10-year high

P/B against its own 10 years 96.24%

10-year low 10-year high

EV/Sales against its own 10 years 84.59%

10-year low 10-year high

EV/FCF against its own 10 years 91.30%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	1.84	0.38 0.38 0.16 0.38 0.16 0.38
2018	2.13	0.16 0.37 0.37 0.16 0.37 0.16 0.38 0.16
2017	2.06	0.35 0.16 0.35 0.16 0.35 0.16 0.37 0.16
2016	1.82	0.33 0.16 0.33 0.16 0.33 0.35 0.16

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	100	106	90	87
Receivables	266	240	224	222
Inventory	27	21	13	13
Other	15	19	17	29
	444	426	389	403

	2023	2024	2025	Q'26
Payables	293	318	308	288
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%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	548	536	—	—	—
’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	—	—	—
’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	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.12	0.05	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	13.95	11.87	10.88	5.85	0.63	2.94	1.25	1.62	1.95	2.55	Analyst estimates 2026–2028 Powerpack
	High	19.89	17.62	19.10	14.11	7.06	7.05	6.38	3.60	5.93	5.80
People
People	Employees	10,092	10,516	10,638	21,255	18,100	13,800	11,200	10,000	8,900	7,500
	Revenue/emp, $m	0.12	0.13	0.14	0.09	0.19	0.23	0.26	0.27	0.28	0.31
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
	Gross margin, %	44.29	44.65	43.30	42.20	40.27	40.73	36.84	36.47	38.41	38.72
	EBT	29	0	20	(207)	(706)	(88)	(77)	(6)	(78)	(1)
	EBT margin, %	2.34	(0.03)	1.31	(11.09)	(20.73)	(2.74)	(2.61)	(0.23)	(3.10)	(0.06)
	Net income	32	(1)	18	(121)	(672)	(136)	(78)	(28)	(26)	2
	Depreciation	68	102	85	213	657	204	182	163	156	166
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
	Earnings	0.70	(0.02)	0.31	(1.77)	(5.09)	(1.00)	(0.57)	(0.20)	(0.18)	0.01
	Cash flow	2.10	2.08	1.89	0.38	0.44	0.95	0.30	0.68	0.70	0.79
	Capex	(0.23)	(0.21)	(0.20)	(0.21)	1.21	0.54	0.28	0.34	(0.20)	0.03
	Free cash flow	1.86	1.88	1.69	0.17	1.65	1.48	0.58	1.02	0.50	0.81
	Book value	16.69	12.72	12.36	14.50	2.76	3.93	2.16	2.27	1.07	1.07
	Shares, m	45	53	58	68	132	135	137	140	143	145
Valuation, ×
Valuation, ×	P/E	23.25	0.00	37.32	0.00	0.00	0.00	0.00	0.00	0.00	515.00
	P/S	0.58	0.67	0.44	0.23	0.13	0.22	0.10	0.12	0.29	0.32
	P/B	0.96	1.33	0.94	0.44	1.22	1.36	0.98	1.04	4.72	4.83
	EV/Sales	0.72	0.90	0.70	1.03	0.55	0.57	0.46	0.48	0.68	0.70
	EV/FCF	10.73	12.19	10.86	166.01	8.62	9.12	17.21	9.00	23.62	13.63
Cash, $m
Cash, $m	Operating cash flow	95	111	110	26	58	127	41	95	100	114
	Capex	(11)	(11)	(12)	(14)	159	72	38	47	(29)	4
	Free cash flow	84	99	98	12	217	200	79	142	72	118
Balance, $m
Balance, $m	Working capital	174	60	50	61	(105)	(85)	(109)	(89)	(120)	(129)
	Total debt	353	360	441	1,643	1,600	1,232	1,162	1,045	1,080	954
	Net debt	178	314	392	1,487	1,429	1,102	1,068	944	974	864
	Shareholders’ equity	755	674	717	981	364	530	295	317	153	155
Returns, %
Returns, %	ROA	2.50	(0.07)	1.33	(4.39)	(18.81)	(4.55)	(2.99)	(1.21)	(1.25)	0.09
	ROIC	4.06	2.14	3.28	(3.72)	(15.61)	4.18	(1.54)	4.97	(0.56)	4.23
	ROE	4.51	(0.13)	2.62	(14.11)	(99.67)	(30.20)	(18.91)	(9.07)	(11.22)	1.14

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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	$11.1B	28.0×	28.6×	+11.17% (above 0%: growing)	+13.73% (above 0%: growing)	+78.27% (above 0%: growing)	51.76%	15.48%	Compare
PSO Pearson, PLC	$10.7B	18.8×	—	+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.	$2.7B	13.7×	11.2×	−2.63% (below 0%: shrinking)	n/m	+30.28% (above 0%: growing)	73.89%	0.76%	Compare
WLYB John Wiley & Sons, Inc.	$2.1B	13.7×	—	−2.63% (below 0%: shrinking)	n/m	+30.28% (above 0%: growing)	73.89%	0.76%	Compare
TDAY USA TODAY Co., Inc.	$1.1B	— (loss-making)	26.6×	−8.30% (below 0%: shrinking)	−88.89% (below 0%: shrinking)	+1.14% (above 0%: growing)	38.83%	3.73%
SCHL Scholastic Corporation	$711.5M	24.9×	16.2×	−3.90% (below 0%: shrinking)	n/m	−18.41% (below 0%: shrinking)	45.53%	(42.53%)	Compare
LEE Lee Enterprises, Incorporated	$150.0M	— (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	$9.3M	5.3×	10.4×	−11.92% (below 0%: shrinking)	n/m	−61.99% (below 0%: shrinking)	59.73%	(38.41%)	Compare
TNMG TNL Mediagene	$2.5M	13.1×	—	—	+25.00% (above 0%: growing)	−233.71% (below 0%: shrinking)	—	—	Compare
Median of peers	$1.4B	13.7×	13.7×	−2.63%	+25.00%	+5.94%	59.73%	0.76%

All 9 Publishing stocks →

USA TODAY Co., Inc. (TDAY) key facts

Concern: USA TODAY Co., Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, down 8.25% from fiscal 2024.
USA TODAY Co., Inc. (TDAY) is a Publishing company in the Communication Services sector, listed on the New York Stock Exchange.
As of October 16, 2026, TDAY traded at $6.97, a market capitalization of $1.1 billion.
Return on equity was 1.14% and debt-to-equity 6.20.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.76 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.