Tearsheet

New York Times (NYT)


Market Price (9/17/2025): $58.87 | Market Cap: $9.6 Bil
Sector: Communication Services | Industry: Publishing

New York Times (NYT)


Market Price (9/17/2025): $58.87
Market Cap: $9.6 Bil
Sector: Communication Services
Industry: Publishing

Investment Highlights

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%
Weak multi-year price returns
2Y Excs Rtn is -12%
 
1 Low stock price volatility
Vol 12M is 30%
  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%
1 Low stock price volatility
Vol 12M is 30%
2 Weak multi-year price returns
2Y Excs Rtn is -12%

Market Valuation

 9/17/252024202320222021
Share Price CYE$58.87$51.57$48.05$31.48$46.41
Market Cap CYE ($ Bil)9.68.57.95.27.8
Total Debt ($ Bil)0.00.00.00.10.1
Total Cash ($ Bil)0.50.60.50.30.7
Enterprise Value ($ Bil)9.18.57.95.37.9
Valuation Ratios     
P/S TTM3.63.33.32.43.9
P/EBIT TTM23.022.326.622.927.9
P/E TTM30.029.134.731.136.9
Sector Ratios     
P/S TTM (Sector)1.11.01.11.22.0
P/EBIT TTM (Sector)1.10.8-0.11.13.2
P/E TTM (Sector)-0.7-0.6-0.6-0.31.7
 9/17/2520242023
Share Price CYE$58.87$51.57$48.05
Market Cap CYE ($ Bil)9.68.57.9
Total Debt ($ Bil)0.00.00.0
Total Cash ($ Bil)0.50.60.5
Enterprise Value ($ Bil)9.18.57.9
Valuation Ratios   
P/S TTM3.63.33.3
P/EBIT TTM23.022.326.6
P/E TTM30.029.134.7
Sector Ratios   
P/S TTM (Sector)1.11.01.1
P/EBIT TTM (Sector)1.10.8-0.1
P/E TTM (Sector)-0.7-0.6-0.6

Business Description

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website. The company also transmits articles, graphics, and photographs from The Times and other publications to approximately 1,500 newspapers, magazines, and websites; licenses electronic databases to resellers in the business, professional, and library markets; and offers magazine licensing, news digests, book development, and rights and permissions. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
NYT Return62%-6%-32%53%7%13%93%
Peers Return20%8%-33%23%3%2%11%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: DIS, NWSA, IPG, NYT, IAC. See NYT Returns vs. Peers.
[3] 2025 data is for the year up to 9/16/2025 (YTD)

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Latest Trefis Analyses

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Peer Comparisons for New York Times

Financials

NYTDISNWSAIPGIACMedian
NameNew York.Walt Dis.News Interpub.IAC  
Mkt Price58.31115.2329.7326.3636.6636.66
Mkt Cap9.5207.316.59.72.99.7
Rev LTM2,68994,5358,93310,3453,0858,933
Op Inc LTM40613,9749691,450103969
FCF LTM45511,548571840132571
FCF 3Y Avg3437,45046379061463
CFO LTM49019,145978959200959
CFO 3Y Avg37313,329884948155884

Growth & Margins

NYTDISNWSAIPGIACMedian
NameNew York.Walt Dis.News Interpub.IAC  
Rev Chg LTM7.8%5.0%2.4%-5.2%-10.0%2.4%
Rev Chg 3Y Avg7.0%5.3%-3.9%-1.3%-12.8%-1.3%
Rev Chg Q9.7%2.1%0.8%-6.4%-7.5%0.8%
QoQ Delta Rev Chg LTM2.3%0.5%0.2%-1.6%-1.5%0.2%
Op Mgn LTM15.1%14.8%10.8%14.0%3.3%14.0%
Op Mgn 3Y Avg13.0%11.9%9.6%13.5%-2.9%11.9%
QoQ Delta Op Mgn LTM0.7%0.2%0.1%0.6%0.8%0.6%
CFO/Rev LTM18.2%20.3%10.9%9.3%6.5%10.9%
CFO/Rev 3Y Avg14.7%14.5%10.3%8.9%4.6%10.3%
FCF/Rev LTM16.9%12.2%6.4%8.1%4.3%8.1%
FCF/Rev 3Y Avg13.5%8.1%5.4%7.4%2.2%7.4%

Valuation

NYTDISNWSAIPGIACMedian
NameNew York.Walt Dis.News Interpub.IAC  
Mkt Cap9.5207.316.59.72.99.7
P/S3.52.21.80.91.01.8
P/EBIT22.816.216.010.5-5.816.0
P/E29.717.914.022.0-6.617.9
P/CFO19.410.816.910.114.714.7
Total Yield4.4%6.0%8.3%9.6%-15.2%6.0%
Dividend Yield1.0%0.4%1.1%5.1%0.0%1.0%
FCF Yield 3Y Avg4.2%3.8%3.1%7.3%2.2%3.8%
D/E0.00.20.20.40.50.2
Net D/E-0.10.20.00.30.10.1

Returns

NYTDISNWSAIPGIACMedian
NameNew York.Walt Dis.News Interpub.IAC  
1M Rtn-3.1%-0.1%1.2%2.3%3.4%1.2%
3M Rtn8.7%-2.5%7.5%16.0%-1.5%7.5%
6M Rtn20.5%16.5%11.3%1.9%-21.9%11.3%
12M Rtn8.5%26.5%14.8%-11.2%-30.7%8.5%
3Y Rtn101.5%8.2%84.6%9.4%-39.5%9.4%
1M Excs Rtn-5.5%-2.6%-1.2%-0.1%1.0%-1.2%
3M Excs Rtn-5.1%-12.7%-3.9%4.2%-12.7%-5.1%
6M Excs Rtn4.5%0.1%-6.5%-13.2%-38.6%-6.5%
12M Excs Rtn-6.2%12.1%-2.7%-27.4%-46.6%-6.2%
3Y Excs Rtn27.3%-60.7%13.2%-57.8%-109.3%-57.8%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
New York Times Group (NYTG)2,2962,2242,075  
The Athletic13185   
Intersegment Eliminations (I/E)-1    
Advertising   392531
Other   196198
Subscription   1,1951,084
Total2,4262,3082,0751,7841,812


Price Behavior

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity10,323,687
Short Interest: % Change Since 8152025-1.7%
Average Daily Volume1,418,250
Days-to-Cover Short Interest7.28
Basic Shares Quantity163,331,000
Short % of Basic Shares6.3%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/202515.5%8.2%10.4%
5/7/2025-0.0%3.9%5.9%
2/5/2025-11.9%-11.3%-15.2%
11/4/2024-7.7%-1.0%-5.1%
8/7/20243.4%4.7%3.8%
5/8/20243.2%4.0%10.1%
2/7/2024-7.3%-9.0%-10.7%
11/8/20236.0%6.6%13.7%
...
SUMMARY STATS   
# Positive141112
# Negative101312
Median Positive5.2%8.2%10.2%
Median Negative-6.3%-6.9%-5.8%
Max Positive15.5%18.7%23.6%
Max Negative-11.9%-14.6%-15.7%

SEC Filings

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Report DateFiling DateFiling
6302025806202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241104202410-Q 9/30/2024
6302024807202410-Q 6/30/2024
3312024508202410-Q 3/31/2024
12312023220202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023510202310-Q 3/31/2023
12312022228202310-K 12/31/2022
93020221102202210-Q 9/25/2022
6302022803202210-Q 6/26/2022
3312022504202210-Q 3/27/2022
12312021223202210-K 12/26/2021
93020211103202110-Q 9/26/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Perpich David S.6052025Sell56.184,000224,7201,548,826Form
1KOPIT LEVIEN MEREDITH A.PRESIDENT & CEO6042025Sell56.8219,2601,094,3537,008,008Form
2Brayton DianeEVP, CHIEF LEGAL OFFICER6042025Sell56.4810,000564,8301,857,105Form
3BENTEN R ANTHONYSVP, Treasurer & CAO6032025Sell56.751,990112,9252,251,965Form
4Bardeen WilliamEVP, Chief Financial Officer6032025Sell56.832,500142,065950,529Form