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USA Today Co., Inc. (TDAY) stock

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NYSE: TDAY NYSE Publishing Next results ~November 5, 2026

C Fundamentals grade

USA Today Co., Inc. is a US-listed company in the publishing industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 169% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 169% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

USA Today Co., Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds106 adding, 89 cuttingOf 33 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter USA Today files

Where USA Today Co. stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.23bn, down 6.7% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin held at 2.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 0 of our 6 financial-health checks.

Our model value for USA Today is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

USA Today Co., Inc.'s trailing-twelve-month revenue fell 6.7% year on year, with a free-cash-flow margin of 2.8%. Where it lags: operating margin of 0.7% ranks 6 of 7 publishing companies we cover.

Our discounted-cash-flow model values the business at ~$5.9 per share in the base case (~$2.9–$9.9 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 441% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in USA Today Co., Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Revenue shrinking. Revenue fell 6.7% over the last 12 months.
  • Share dilution. Diluted shares rose 19.8% in a year.
  • Below peers: operating margin. Operating margin of 0.7% ranks 6 of 7 publishing companies we cover (median 4.0%).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 49.1% ranks 6 of 7 publishing companies we cover (median 12.8%).
  • Heavily shorted. 18.1% of the shares available to trade are sold short (11.9 days of average volume to cover).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 12.0% over 90 days.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.06 against an average estimate of -$0.02: beat by 441.1%
Revenue
$536m, down 8.3% on a year earlier
Share reaction
-16.3% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate -$0.01

USA Today's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-3.0%
  • 1 week-12.3%
  • 1 month-18.5%
  • This year+15.0%
  • 1 year+9.0%
  • 5 years-8.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.2B
Operating margin
0.7%
Net margin
-1.8%

Growth

Revenue growth
−6.7%
Change in growth rate
+0.1 pts

Cash

Free cash flow (TTM)
$61.6M
FCF margin
2.8%
Stock pay % of revenue
0.4%

Earnings

Last results
August 6, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

USA Today Co., Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 169% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Our value per share comes from a discounted-cash-flow model of USA Today Co., Inc.'s free cash flow after stock-based pay ( $112M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$12.77$11.24$13.04$9.79$6.38$3.36$5.33$2.03$2.30$5.06$5.15
Market value$1.1bn$1.0bn$1.4bn$1.1bn$863m$443m$718m$278m$321m$721m$752m
+ Net debt (− = net cash)$220m$191m$325m$397m$1.5bn$1.4bn$1.1bn$1.1bn$944m$974m$864m
Enterprise value$1.3bn$1.2bn$1.7bn$1.5bn$2.3bn$1.9bn$1.8bn$1.3bn$1.3bn$1.7bn$1.6bn
Multiples
Price / sales 0.9x0.8x1.0x0.7x0.5x0.1x0.2x0.1x0.1x0.3x0.3x
Price / earnings 16.7x32.2x—62.9x——————n/m
Price / free cash flow 10.7x12.1x13.9x11.7x74.7x21.3x8.2x—5.7x14.2x12.0x
EV / EBITDA 7.9x9.4x15.8x10.8x——5.8x9.1x5.1x14.9x—

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

34 /100

Weak moat

How hard USA Today's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 16 / 20

    Cash operating profit has been a median 12.5% of total assets over 6 years.

  • Pricing power 14 / 20

    Gross margin has been a median 39.3%, moving by 1.4 percentage points (standard deviation) across 7 years.

  • Durability 0 / 20

    Operating margin has been a median 0.9%; its worst year was -12.7%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 8 of 10 years, at a median 2.4% of revenue.

  • Discipline 10 / 20

    The diluted share count rose 222.6% over five years; stock-based pay has been a median 0.5% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (49 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $528m and EPS of −$0.01 (range −$0.03 to $0.00) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.29 +2837% $2.2bn −5%
Next $0.27 −7% $2.1bn −2%

Next year's EPS estimate has moved −12.0% in 90 days, across 4 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.02 $0.06 +441.1%
Mar 2026 −$0.10 $0.12 +225.1%
Dec 2025 −$0.36 −$0.21 +41.6%
Sept 2025 −$0.12 −$0.27 −124.5%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows USA Today Co., Inc.'s revenue by -1.3% next year and +0.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (-3.1%, weight 64%) and the company's own record (+2.0%, weight 36%) . How the weights are set.

Analyst recommendations

6 analysts, Oct 2026
Buy467%
Hold117%
Sell117%

Monthly trend

  1. Oct 202613116
  2. Sep 202613116
  3. Aug 202613116

Counts of recommendations published by analysts covering USA Today Co., Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
18.1%
of tradable shares
Days to cover
11.9
at average volume
Short interest, 1 month
−0%
to September 30, 2026
Held by institutions
97%
of shares
Held by insiders
9.1%
of shares
Employees
9,500
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +11.7%

$5.30 on October 31, 2025 to $5.92

ThenNowEffect
Revenue (last 12 months) $2.4bn $2.2bn −6.7%
P/S multiple 0.4x 0.5x +21.2%
Share count 181m 183m −1.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +202.0%

$1.96 on November 3, 2023 to $5.92

ThenNowEffect
Revenue (last 12 months) $2.8bn $2.2bn −20.0%
P/S multiple 0.1x 0.5x +401.4%
Share count 138m 183m −24.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TDAY+59%−62%+13%+120%+2%+15%
Industry peers (median)+15%−31%+8%+28%−9%+20%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TDAY75%25%67%67%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TDAY−32%−80%−48%−27%−51%−34%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 96% from July 11, 2018 to April 7, 2020. Getting back needed a 2312% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$4.41 – $9.03
From 52-week high
−34.4%
vs 50-day average
−10.4%
vs 200-day average
−16.2%
Volatility (1 year)
42%
Beta vs S&P 500
0.54

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±13.0%
After a week
6 up, 6 down
typical move ±13.6%
After a month
8 up, 4 down
typical move ±18.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −16.3% +0.5% −21.0% −26.9%
April 30, 2026 +1.4% +1.3% +1.0% +12.1%
February 26, 2026 −2.8% −1.0% +4.9% +10.9%
October 30, 2025 +29.0% −0.8% +22.6% +20.9%
July 31, 2025 +10.1% −2.0% +10.4% +12.6%
May 1, 2025 −0.6% +2.2% +10.0% +7.8%
February 20, 2025 −10.4% −2.1% −17.9% −36.2%
October 31, 2024 −19.4% −1.5% −6.0% −8.8%
August 1, 2024 −12.8% −3.3% −10.6% +7.7%
May 2, 2024 +31.5% +2.2% +36.5% +60.6%
February 22, 2024 −6.3% +2.1% −3.6% +0.5%
November 2, 2023 −14.8% +2.8% −18.3% −15.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

USA Today Co., Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) USA Today Co., Inc.
$2.2B $2.4B $2.6B $2.8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.7B Revenue (TTM), FY23 Q4: $2.7B Revenue (TTM), FY24 Q1: $2.6B Revenue (TTM), FY24 Q2: $2.6B Revenue (TTM), FY24 Q3: $2.6B Revenue (TTM), FY24 Q4: $2.5B Revenue (TTM), FY25 Q1: $2.4B Revenue (TTM), FY25 Q2: $2.4B Revenue (TTM), FY25 Q3: $2.3B Revenue (TTM), FY25 Q4: $2.3B Revenue (TTM), FY26 Q1: $2.3B Revenue (TTM), FY26 Q2: $2.2B $2.2B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.7B
FY23 Q4 $2.7B
FY24 Q1 $2.6B
FY24 Q2 $2.6B
FY24 Q3 $2.6B
FY24 Q4 $2.5B
FY25 Q1 $2.4B
FY25 Q2 $2.4B
FY25 Q3 $2.3B
FY25 Q4 $2.3B
FY26 Q1 $2.3B
FY26 Q2 $2.2B
Revenue growth, TTM YoY USA Today Co., Inc.
-15% -10% -5% 0% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -10.4% Revenue growth, TTM YoY, FY23 Q4: -9.6% Revenue growth, TTM YoY, FY24 Q1: -8.2% Revenue growth, TTM YoY, FY24 Q2: -6.9% Revenue growth, TTM YoY, FY24 Q3: -6.1% Revenue growth, TTM YoY, FY24 Q4: -5.8% Revenue growth, TTM YoY, FY25 Q1: -7.0% Revenue growth, TTM YoY, FY25 Q2: -8.0% Revenue growth, TTM YoY, FY25 Q3: -8.6% Revenue growth, TTM YoY, FY25 Q4: -8.3% Revenue growth, TTM YoY, FY26 Q1: -6.8% Revenue growth, TTM YoY, FY26 Q2: -6.7% -6.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -10.4%
FY23 Q4 -9.6%
FY24 Q1 -8.2%
FY24 Q2 -6.9%
FY24 Q3 -6.1%
FY24 Q4 -5.8%
FY25 Q1 -7.0%
FY25 Q2 -8.0%
FY25 Q3 -8.6%
FY25 Q4 -8.3%
FY26 Q1 -6.8%
FY26 Q2 -6.7%
Operating margin (TTM) USA Today Co., Inc.
-2% 0% 2% 4% FY22 Q2 FY23 Q1 FY23 Q4 FY25 Q1 Operating margin (TTM), FY22 Q2: 1.0% Operating margin (TTM), FY22 Q3: -0.8% Operating margin (TTM), FY22 Q4: -1.1% Operating margin (TTM), FY23 Q1: -0.4% Operating margin (TTM), FY23 Q2: 0.8% Operating margin (TTM), FY23 Q3: 3.1% Operating margin (TTM), FY23 Q4: 3.2% Operating margin (TTM), FY24 Q1: 0.6% Operating margin (TTM), FY24 Q2: 0.4% Operating margin (TTM), FY24 Q3: -1.2% Operating margin (TTM), FY24 Q4: -1.7% Operating margin (TTM), FY25 Q1: 0.7% 0.7%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY22 Q2 1.0%
FY22 Q3 -0.8%
FY22 Q4 -1.1%
FY23 Q1 -0.4%
FY23 Q2 0.8%
FY23 Q3 3.1%
FY23 Q4 3.2%
FY24 Q1 0.6%
FY24 Q2 0.4%
FY24 Q3 -1.2%
FY24 Q4 -1.7%
FY25 Q1 0.7%
FCF margin (TTM) USA Today Co., Inc.
1% 1.5% 2% 2.5% 3% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 1.5% FCF margin (TTM), FY23 Q4: 2.1% FCF margin (TTM), FY24 Q1: 2.6% FCF margin (TTM), FY24 Q2: 2.1% FCF margin (TTM), FY24 Q3: 2.6% FCF margin (TTM), FY24 Q4: 2.0% FCF margin (TTM), FY25 Q1: 2.1% FCF margin (TTM), FY25 Q2: 1.8% FCF margin (TTM), FY25 Q3: 1.2% FCF margin (TTM), FY25 Q4: 2.7% FCF margin (TTM), FY26 Q1: 2.6% FCF margin (TTM), FY26 Q2: 2.8% 2.8%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 1.5%
FY23 Q4 2.1%
FY24 Q1 2.6%
FY24 Q2 2.1%
FY24 Q3 2.6%
FY24 Q4 2.0%
FY25 Q1 2.1%
FY25 Q2 1.8%
FY25 Q3 1.2%
FY25 Q4 2.7%
FY26 Q1 2.6%
FY26 Q2 2.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 652 1,196 1,255 1,342 1,526 1,868 3,406 3,208 2,945 2,664 2,509 2,302 2,231
Gross profit — — — 599 661 788 1,371 1,307 1,085 972 964 891 880
EBITDA 68 171 128 108 143 −35 −184 313 148 249 113 — —
Operating income 26 103 61 34 58 −147 −448 109 −34 86 −43 — —
Net income −3 68 32 −1 18 −120 −670 −135 −78 −28 −26 2 −40
Diluted EPS −$0.05 $0.77 $0.35 −$0.01 $0.15 −$0.89 −$5.09 −$1.00 −$0.57 −$0.20 −$0.18 $0.01 —
Growth (year on year)
Revenue — +83.3% +5.0% +6.9% +13.7% +22.4% +82.3% −5.8% −8.2% −9.6% −5.8% −8.3% −6.7%
EBITDA — +152.5% −25.0% −15.7% +32.1% −124.6% — — −52.6% +67.7% −54.4% — —
Operating income — +292.4% −41.4% −44.1% +71.8% −352.8% — — −130.8% — −149.7% — —
Net income — — −53.2% −102.9% — — — — — — — — −134.8%
Diluted EPS — — −54.2% −102.9% — — — — — — — — —
Margins
Gross margin — — — 44.6% 43.3% 42.2% 40.3% 40.7% 36.8% 36.5% 38.4% 38.7% 39.5%
EBITDA margin 10.4% 14.3% 10.2% 8.1% 9.4% −1.9% −5.4% 9.8% 5.0% 9.3% 4.5% — —
Operating margin 4.0% 8.6% 4.8% 2.5% 3.8% −7.9% −13.2% 3.4% −1.1% 3.2% −1.7% — —
Net margin −0.5% 5.7% 2.5% −0.1% 1.2% −6.4% −19.7% −4.2% −2.6% −1.0% −1.1% 0.1% −1.8%
Free-cash-flow margin 5.6% 8.8% 6.7% 7.4% 6.4% 0.6% 0.6% 2.7% −0.2% 2.1% 2.0% 2.7% 2.8%
Cash flow
Cash from operations 41 115 95 111 110 26 58 127 41 95 100 114 113
Capital spending 5 10 11 11 12 14 37 40 45 38 50 51 52
Free cash flow 36 105 84 99 98 12 21 88 −5 56 51 63 62
Stock-based pay 0 1 2 3 3 11 26 18 17 17 13 9 9
Free cash flow after stock pay 36 104 82 96 95 0 −6 69 −21 40 38 54 53
Balance sheet
Cash 124 147 172 43 49 156 171 131 94 100 106 90 87
Total debt 219 366 363 368 445 1,640 1,600 1,232 1,162 1,045 1,080 954 950
Net debt (negative = net cash) 95 220 191 325 397 1,484 1,430 1,102 1,068 944 974 864 863
Diluted shares 64m 88m 91m 106m 117m 135m 132m 135m 137m 140m 143m 146m —
Returned to shareholders
Dividends 18 57 60 76 87 92 0 0 — — — — —
Buybacks 0 0 0 5 0 0 2 3 7 3 3 3 3
Total returned 18 57 60 81 87 92 2 3 7 3 3 3 3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 6 checks passed · June 30, 2026
What it owns · $1.8bn
Short-term assets $403mLonger-term assets $1.4bn
What it owes, and who funded it · $1.8bn
Short-term liabilities $497mLonger-term liabilities $1.1bnShareholders' equity $154m
  • Short-term assets cover short-term liabilities $403m of assets due within a year against $497m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $403m short-term assets against $1.1bn of longer-dated liabilities.
  • More cash than debt $87m of cash against $950m of debt.
  • Debt below 40% of shareholders' equity Debt is 618% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 219% to 618% over five years.
  • A year's operating cash flow covers at least 20% of debt $113m of operating cash flow against $950m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From USA Today Co., Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$2.7M
Buybacks, last 3 fiscal years
$8.8M
Total shareholder yield
0.3%
dividends 0.0% + buybacks 0.3% of market value
Sales & admin spending
27.5%
of revenue
Days sales outstanding
36 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in publishing
Last 12 months unless stated TDAY NYT WLY SCHL NWSA LEE Median
Revenue, last 12 months $2.2bn $3.0bn $1.7bn $1.6bn $9.0bn $517m $1.6bn
Revenue growth, last 12 months −6.7% 10.8% −0.3% −2.5% 6.8% −11.1% −2.5%
Revenue growth, 3-year average −7.2% 8.0% −5.6% −2.0% 4.1% −10.5% −3.8%
Revenue growth, latest quarter −8.3% 11.2% −2.6% −3.9% 10.8% −10.8% −3.3%
Gross margin 39.5% 73.4% 74.6% 56.5% — — 58.3%
Operating margin 0.7% 16.0% 14.9% 1.0% — 4.0% 4.0%
Operating margin, 3-year average 0.3% 14.4% 11.2% 1.1% — 2.0% 6.0%
Net margin −1.8% 13.2% 11.9% 3.6% 6.3% −1.8% 3.6%
Cash from operations / revenue 5.1% 22.1% 17.4% 2.4% 13.7% −0.0% 5.1%
Free-cash-flow margin 2.8% 20.9% 14.4% −0.9% 9.0% −0.1% 2.8%
Free-cash-flow margin, 3-year average 2.2% 17.3% 10.1% 2.4% 8.2% −0.8% 7.9%
Stock pay / revenue 0.4% 2.6% 1.2% 0.6% 0.5% 0.2% 0.5%
Change in share count 19.8% −0.6% −4.2% −15.7% −2.0% 99.6% 0.1%

Median of all 9 companies we cover in publishing. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

9 publishing companies
Measure Company Peer median Rank
Revenue growth Growth -6.7% -2.5% 6 of 9
Change in growth rate Growth +0.1pp +0.1pp 5 of 9
Gross margin Profitability 39.5% 56.5% 4 of 5
Operating margin Profitability 0.7% 4.0% 6 of 7
Net margin Profitability -1.8% 3.6% 6 of 9
Free-cash-flow margin Cash generation 2.8% 2.8% 5 of 9
Stock pay as % of revenue Cash generation 0.4% 0.6% 4 of 8
Long-term debt as % of assets Balance sheet 49.1% 12.8% 6 of 7
Days sales outstanding Balance sheet 36 days 43 days 4 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Print and Commercial $1.2B 54.1% ▼ 11.3%
Print Circulation $570M 45.8% ▼ 12.3%
Print Advertising $475M 38.1% ▼ 9.6%
Commercial and Other $201M 16.1% ▼ 12.7%
Digital $1.1B 45.9% ▼ 4.3%
Digital Marketing Services $451M 42.7% ▼ 5.2%
Digital Advertising $353M 33.4% ▲ 1.9%
Digital Only Subscription $175M 16.6% ▼ 7.2%
Digital Other $76.9M 7.3% ▼ 16.8%

From USA Today Co., Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$1.2B
Institutions reporting
220
Shares held vs prior quarter
▲ 0.3%
Positions opened / closed
29 / 30

Top buyers and sellers, Q2 2026: 106 institutions bought and 89 sold ; the biggest buyer was Bank Of America Corp (+3.1M shares) and the biggest seller SG Americas Securities, LLC (−5.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Two Seas Capital LP $120M 14.1M 10.1% ▲ 0.2%
Apollo Management Holdings, L.P. $104M 12.1M 8.7% 0.0%
Alta Fundamental Advisers LLC $91.9M 10.7M 7.7% 0.0%
Blackrock, Inc. $89.9M 10.5M 7.5% ▲ 3.3%
Cooperman Leon G $53.6M 6.3M 4.5% 0.0%
Vanguard Capital Management LLC $51.7M 6.0M 4.3% ▲ 2.2%
Goldman Sachs Group Inc $42.7M 5.0M 3.6% ▼ 30.3%
D. E. Shaw & Co., Inc. $38.3M 4.5M 3.2% ▲ 17.7%
Philosophy Capital Management LLC $36.8M 4.3M 3.1% 0.0%
Vr Advisory Services Ltd $31.6M 3.7M 2.7% ▲ 0.5%
Geode Capital Management, LLC $31.6M 3.7M 2.7% ▲ 17.1%
Dimensional Fund Advisors LP $30.1M 3.5M 2.5% ▲ 1.9%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not USA Today Co., Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $78,805 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $78,805 net selling
Insider Date Trade Shares Price Value
Louis John Jeffry Director February 6, 2026 Sell 13,471 $5.85 $78,805

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around October 29, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • April 30, 2026
  • February 26, 2026
  • October 30, 2025
  • July 31, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on USA Today Co., Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

USA Today Co., Inc. in brief

What does USA Today Co., Inc. do?
USA Today Co., Inc. is a US-listed company in the publishing industry. Its financial year ends in December.
What is USA Today Co., Inc.'s stock ticker?
USA Today Co., Inc. trades under the ticker TDAY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is USA Today Co., Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, USA Today Co., Inc. reported revenue of $2.2B, 6.7% lower than a year earlier, according to its SEC filings.
What is USA Today Co., Inc.'s free cash flow?
USA Today Co., Inc.'s free-cash-flow margin is 2.8% of revenue over the trailing twelve months, ranking 5 of the 9 publishing companies we cover.
Who are USA Today Co., Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Two Seas Capital LP, Apollo Management Holdings, L.P. and Alta Fundamental Advisers LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is USA Today Co., Inc.'s market cap?
On December 31, 2025, USA Today Co., Inc.'s market capitalisation was about $752M, with a price-to-earnings ratio of 429.8 and net debt of $864M. Market figures come from third-party market data and may be delayed.
How much debt does USA Today Co., Inc. have?
USA Today Co., Inc.'s debt-to-equity ratio is 618.0%, from its latest balance sheet (218.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are USA Today Co., Inc.'s competitors?
In our Publishing peer group, the companies closest to USA Today Co., Inc. are NEW York Times Co, John Wiley & Sons, Inc., Scholastic Corp, News Corp (Class A) and LEE Enterprises, Inc. The side-by-side comparison below sets their revenue, margins and growth against USA Today Co., Inc.'s.
Are insiders buying or selling USA Today Co., Inc. stock?
Over the last 12 months, USA Today Co., Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is USA Today Co., Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — USA Today Co., Inc. announces its own schedule.