USA Today Co., Inc. key statistics and ratios

In fiscal 2025, USA Today Co., Inc. had return on equity of 1.1%, a net margin of 0.1%, debt equal to 615.2% of equity and a current ratio of 0.75. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

USA Today Co., Inc.: financial ratios, annual
Fiscal year	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Gross margin	—	—	—	44.6%	43.3%	42.2%	40.3%	40.7%	36.8%	36.5%	38.4%	38.7%	39.5%
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%
Return on equity	−0.7%	12.0%	4.5%	−0.1%	2.6%	−14.1%	−99.7%	−30.1%	−18.8%	−9.1%	−11.2%	1.1%	−26.1%
Return on assets	−0.4%	6.7%	2.5%	−0.1%	1.3%	−4.4%	−18.8%	−4.5%	−3.0%	−1.2%	−1.2%	0.1%	−2.2%
Asset turnover	0.80	1.19	0.99	1.02	1.12	0.68	0.96	1.08	1.13	1.16	1.19	1.19	1.23
Current ratio	2.52	1.89	1.89	1.29	1.20	1.08	0.86	0.87	0.82	0.83	0.78	0.75	0.81
Debt to equity	45.2%	56.6%	48.1%	54.6%	62.1%	167.1%	439.5%	231.6%	392.8%	328.7%	705.1%	615.2%	618.0%
Interest cover (operating income ÷ interest)	1.5x	3.2x	2.0x	1.1x	1.6x	n/m	n/m	0.8x	n/m	0.8x	n/m	—	—
Effective tax rate	—	—	—	—	9.6%	—	—	—	—	—	—	—	—
SG&A as % of revenue	32.5%	34.0%	33.1%	33.3%	32.9%	32.2%	29.4%	28.1%	28.9%	27.1%	28.0%	27.8%	27.5%
Capital spending as % of revenue	0.8%	0.8%	0.8%	0.8%	0.8%	0.7%	1.1%	1.2%	1.5%	1.4%	2.0%	2.2%	2.3%
Free cash flow ÷ net income	—	155.5%	266.0%	—	538.1%	—	—	—	—	—	—	>999%	—
Dividends ÷ net income	—	84.8%	188.9%	—	479.2%	—	—	—	—	—	—	—	—
Dividends and buybacks ÷ free cash flow	50.0%	54.5%	71.5%	81.1%	89.0%	795.5%	9.7%	3.7%	—	4.7%	6.2%	4.9%	4.5%

US$ thousands unless shown otherwise. Fiscal quarters.

USA Today Co., Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Gross margin	38.6%	39.5%	37.6%	38.5%	37.2%	41.5%	40.3%	38.8%
Operating margin	−1.0%	1.0%	1.7%	—	—	—	—	—
Net margin	−3.2%	10.4%	−1.3%	13.4%	−7.0%	−5.1%	3.6%	1.7%
Free-cash-flow margin	3.2%	−0.6%	1.7%	3.0%	0.9%	5.3%	1.2%	3.6%
Current ratio	0.79	0.78	0.72	0.73	0.69	0.75	0.79	0.81
Debt to equity	412.6%	705.1%	671.5%	417.1%	500.9%	615.2%	680.9%	618.0%
SG&A as % of revenue	28.8%	27.5%	29.3%	28.1%	27.4%	26.4%	27.5%	28.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

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Figures from USA Today Co., Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to USA Today Co., Inc.