NYT Communication Services

The New York Times Company

$67.12-4.06%

Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026

Basics

Sector: Communication Services
Industry: Publishing
Country: United States
Market cap: 10.8B USD
Enterprise value: 10.2B USD
Full-time employees: 6,000

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: its share price swings more than most peers’ (beta 0.92 vs a peer median of 0.65), though less than the overall marketbigger price swings (beta 0.92 vs peers 0.65)
About average: risk (debt, liquidity and share-price swings)risk

Ranks #147 of 454 communication services companies (top 33%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $196M vs $295M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years New York Times recorded $196M of stock-based pay expense and spent $295M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years New York Times recorded $196M of stock-based pay expense and spent $295M repurchasing shares.
Operating margin at a 6-year high. 15% in 2025, the best of the last 6 years.
New York Times kept 15% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Profit recovered from an unusually weak 2022. Since 2022 (an unusually weak year for operating profit): revenue +22%, operating profit +114%.Since 2022: revenue +22%, operating profit +114%.
Since 2022, New York Times's revenue grew 22% while operating profit grew 114%: each extra dollar of sales is adding more profit.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $1.8B in 2020 to $2.8B in 2025.
New York Times's fiscal-year revenue rose in each of the five years to 2025, from $1.8B to $2.8B.

StockQuotient Score

59/ 100▲ 1 since Oct 27 close

Oct 5 59 → Nov 4 59

Valuation

Is the price right?

38/100

Weak▲ 2 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 36 → 38

Share price -3.9%+1
Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.6%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score 0.22Sector median: 0.0294 · MAD: 0.0294

EBITDA yield5.5%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.47Sector median: 0.0857 · MAD: 0.0649

Free cash flow yield5.7%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.29Sector median: 0.0740 · MAD: 0.0593

Other data (not scored)

Book yield18.7%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.4780 · MAD: 0.3375

Growth

Is it growing?

67/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 2.6%

Why

Stronger than most peers on:

▲ Revenue growth
▲ 3-yr revenue
▲ EPS growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth23.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.47Sector median: 0.0878 · MAD: 0.3126

3-year revenue growth8.0%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 0.72Sector median: 0.0303 · MAD: 0.0683

Revenue growth10.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.08Sector median: 0.0299 · MAD: 0.0720

Profitability

Does it earn well?

87/100

Strong

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC
▲ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin16.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.99Sector median: 0.0818 · MAD: 0.0789

Return on assets13.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 3.28Sector median: 0.0272 · MAD: 0.0318

Return on invested capital20.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.08Sector median: 0.0598 · MAD: 0.0706

Other data (not scored)

Gross margin51.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.4656 · MAD: 0.1827

Return on equity19.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0529 · MAD: 0.1007

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Held back by:

▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.92

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.94Sector median: 0.6525 · MAD: 0.2880

Current ratio1.58×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.28Sector median: 1.3848 · MAD: 0.6948

Debt / equityUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.3697 · MAD: 0.3335

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about New York Times

Is New York Times getting weaker?: Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is 59/100, up 1 since Oct 28, 2026.
How is New York Times valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 38/100 against 512 communication services peers. EBITDA yield 5.5% vs a peer median of 8.6% (weaker than 64% of peers).EBITDA yield 5.5% vs peers 8.6% (weaker than 64% of peers).
Is New York Times growing?: Yes, faster than most of its peers. Growth scores 67/100 against 512 communication services peers. Revenue growth 10.8% vs a peer median of 3.0% (stronger than 73% of peers).Revenue growth 10.8% vs peers 3.0% (stronger than 73% of peers).
How profitable is New York Times?: More profitable than most of its peers. Profitability scores 87/100 against 512 communication services peers. Return on assets 13.2% vs a peer median of 2.7% (stronger than 94% of peers).Return on assets 13.2% vs peers 2.7% (stronger than 94% of peers).
How risky is New York Times?: Moderate risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 0.92 vs a peer median of 0.65 (weaker than 73% of peers).Beta 0.92 vs peers 0.65 (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 5, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	2.9B USD	3.0B USD	+2.6%
Net income (12 months)	382.4M USD	392.8M USD	+2.7%
Operating margin	16.0%	16.0%	−0.0 pts
Free cash flow (12 months)	542.2M USD	623.0M USD	+14.9%
Cash	186.7M USD	232.7M USD	+24.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Communication Services · 67 companies

Valuations in Communication Services are within their usual range since 2016.

46% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +13% and earnings +11% (medians): earnings grew faster than prices.
Median price-to-sales is −6% vs the whole market, against a usual −7%.

2016Shaded: most expensive fifth of its range2026

Shown for Communication Services: too few Publishing companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	12.9%	8.7%	11.4%	13.6%	15.3%	▲ 1.7 pts
Net margin	10.6%	7.5%	9.6%	11.4%	12.2%	▲ 0.8 pts
Return on assets (ROA)	8.6%	6.9%	8.6%	10.3%	11.5%	▲ 1.1 pts
Return on equity (ROE)	14.3%	10.9%	13.2%	15.2%	16.9%	▲ 1.6 pts
Free cash flow margin	11.3%	4.9%	13.9%	14.7%	19.5%	▲ 4.7 pts
Current ratio	1.70×	1.15×	1.28×	1.53×	1.54×	▲ 1.0%

NYT price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: its share price swings more than most peers’ (beta 0.92 vs a peer median of 0.65), though less than the overall marketbigger price swings (beta 0.92 vs peers 0.65)

About average: risk (debt, liquidity and share-price swings)risk

Ranks #147 of 454 communication services companies (top 33%)

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $196M vs $295M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years New York Times recorded $196M of stock-based pay expense and spent $295M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years New York Times recorded $196M of stock-based pay expense and spent $295M repurchasing shares.

Operating margin at a 6-year high. 15% in 2025, the best of the last 6 years.

New York Times kept 15% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.

Profit recovered from an unusually weak 2022. Since 2022 (an unusually weak year for operating profit): revenue +22%, operating profit +114%.Since 2022: revenue +22%, operating profit +114%.

Since 2022, New York Times's revenue grew 22% while operating profit grew 114%: each extra dollar of sales is adding more profit.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $1.8B in 2020 to $2.8B in 2025.

New York Times's fiscal-year revenue rose in each of the five years to 2025, from $1.8B to $2.8B.

Questions investors ask about New York Times

Is New York Times getting weaker?

Its latest SEC filing (Aug 5, 2026) showed no major changes. Its overall score is 59/100, up 1 since Oct 28, 2026.

How is New York Times valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 38/100 against 512 communication services peers. EBITDA yield 5.5% vs a peer median of 8.6% (weaker than 64% of peers).EBITDA yield 5.5% vs peers 8.6% (weaker than 64% of peers).

Is New York Times growing?

Yes, faster than most of its peers. Growth scores 67/100 against 512 communication services peers. Revenue growth 10.8% vs a peer median of 3.0% (stronger than 73% of peers).Revenue growth 10.8% vs peers 3.0% (stronger than 73% of peers).

How profitable is New York Times?

More profitable than most of its peers. Profitability scores 87/100 against 512 communication services peers. Return on assets 13.2% vs a peer median of 2.7% (stronger than 94% of peers).Return on assets 13.2% vs peers 2.7% (stronger than 94% of peers).

How risky is New York Times?

Moderate risk relative to 512 communication services peers, judged on debt, liquidity and share-price swings. Beta 0.92 vs a peer median of 0.65 (weaker than 73% of peers).Beta 0.92 vs peers 0.65 (weaker than 73% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

2.9B USD

3.0B USD

+2.6%

Net income (12 months)

382.4M USD

392.8M USD

+2.7%

Operating margin

16.0%

16.0%

−0.0 pts

Free cash flow (12 months)

542.2M USD

623.0M USD

+14.9%

Cash

186.7M USD

232.7M USD

+24.6%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

12.9%

8.7%

11.4%

13.6%

15.3%

▲ 1.7 pts

Net margin

10.6%

7.5%

9.6%

11.4%

12.2%

▲ 0.8 pts

Return on assets (ROA)

8.6%

6.9%

8.6%

10.3%

11.5%

▲ 1.1 pts

Return on equity (ROE)

14.3%

10.9%

13.2%

15.2%

16.9%

▲ 1.6 pts

Free cash flow margin

11.3%

4.9%

13.9%

14.7%

19.5%

▲ 4.7 pts

Current ratio

1.70×

1.15×

1.28×

1.53×

1.54×

▲ 1.0%