StockCV
The New York Times Company logo

The New York Times Company

Publishing

$66.32
-0.42%
Market cap $10.7B

New York Times Co is an American media company known for publishing its flagship newspaper, The New York Times. The company also operates the International New York Times newspaper, as well as digital properties such as NYTimes and various smartphone applications.

It is a $10.7B communication services company. Revenue grew 10.8% over the last year, it keeps 13¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 27.2× earnings — near the lowest of its own history.

Website
nytco.com
Location
New York, NY
Employees
6 000
Sector
Communication Services

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation77Growth77Profitability80Health93Quality100Moat57

Strong valuation, growth, profitability, health and quality.

Valuation77
  • P/E vs own history9th pct · 25/25
  • FCF yield5.8% · 20/25
  • P/S3.6x · 20/25
  • EV/EBITDA18.9x · 12/25
Growth77
  • Revenue CAGR8.0% · 12/25
  • Net income CAGR11.8% · 20/25
  • EPS CAGR ~5Y28.5% · 25/25
  • Fwd implied growth28.1% · 20/25
Profitability80
  • ROIC20.4% · 20/25
  • ROE19.5% · 20/25
  • Net margin13.2% · 20/25
  • Operating margin15.8% · 20/25
Health93
  • Altman Z9.06 · 25/25
  • Current ratio1.58 · 18/25
  • Interest coverage32.0x · 25/25
  • Net cash / debtNet cash · 25/25
Quality100
  • Piotroski F9/9 · 25/25
  • Beneish M-2.81 · 25/25
  • FCF conversion159% · 25/25
  • Margin stabilityσ 2.9% · 25/25
Moat57
  • ROIC >12% years8/10 yrs · 20/25
  • Median gross margin14.4% · 0/25
  • FCF-positive years10/10 yrs · 25/25
  • Worst-year net marginworst 0.3% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

  1. FY2025Financial
    Best year on record
    $344M net income
  2. FY2023Financial
    Became debt-free
    cash now exceeds total debt
  3. 2022Acquisition
    The New York Times acquired Wordle, an Internet word puzzle game that grew from 90 players in…
  4. 2020Acquisition
    The New York Times Company acquired subscription-based audio app, Audm
  5. FY2016Financial
    Profitable every year on record
    10 consecutive profitable years in our data
  6. FY2016Financial
    Revenue already above $1B
    $1.56B in first reported year
  7. FY2016Financial
    Positive free cash flow every year since
    10-year streak
  8. 2011Product
    Facing falling revenue from print advertising in its flagship publication in 2011, The New York Times, the company…
  9. 2007Acquisition
    WQEW was finally purchased by Disney; in late 2014, it was sold to Family Radio (a religious radio network)…
  10. May 7, 2007Product
    The company announced that its About.com web information service was acquiring Consumersearch.com, a…
  11. Aug 25, 2006Acquisition
    The Times, on August 25, 2006, acquired Baseline StudioSystems, an online database and research service on the film…
  12. Mar 18, 2005Acquisition
    The company acquired About.com, an online provider of consumer information, for US$410 million
  13. 2002Product
    The New York Times Company and Discovery Communications announced a joint venture television network…
  14. 1944Acquisition
    The paper bought AM radio station WQXR (1560 kHz) in 1944

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$12 963 today — price return only
$2.8B revenue in FY2025
Revenue up 10.8% year over year
Profitable 10 years in a row
Positive free cash flow 10 years in a row
6 000 employees
ROIC of 20.4%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

  • High gross margin (51.4%)
  • Revenue growing 10.8% year over year
  • Strong cash conversion — FCF is 20.9% of revenue
  • Net cash position after subtracting debt from cash
  • Interest covered 32.0× by operating earnings

Watch-outs

Nothing stands out as a concern in the available data.

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

11 of 11 checks passed
  • Revenue growing+10.8% YoY
  • Profitable$393M TTM
  • Profit growing+26.1% YoY
  • Generates cash$623M TTM
  • Debt under controlmore cash than debt
  • Established company$10.7B market cap
  • Not printing shares-1.8% shares over ~5y
  • Proven track record10/10 profitable years
  • Financially stableAltman Z 9.1 — safe
  • Pays a dividendyield 1.18%
  • Valuation not extremeP/E 27.2
Peer comparisonThe New York Times Company vs 6 largest communication services peers — cap, P/E, growth and margin side by sideOpen ▾
CompanyMarket capP/ERevenue growthNet marginProfile
NYT this company$10.7B27.2+10.8%13.2%Strong
VZ Verizon Communications$173.7B10.6+1.4%11.6%Strained
TMUS T-Mobile US, Inc.$159.6B15.1+9.7%11.5%Strained
T AT&T Inc.$152.3B7.1+2.6%16.9%Strained
WBD Warner Bros. Discovery, Inc. Series A$77.6B106.6-6.1%-8.8%Strained
CMCSA Comcast Corp$73.4B6.5+0.6%9.0%Strained
ECHO EchoStar Corporation$27.7B—-5.2%-38.7%Mixed

Head-to-head: NYT vs VZ · NYT vs TMUS · NYT vs T

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 3Buy 7Hold 6

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of NYT on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $66.32 · market cap $10.7B.