Newsmax, Inc. (NMAX) Key Metrics
NMAX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.13B
- Enterprise value
- $1.29B
- P/E (TTM)
- 437.0
- Forward P/E
- 36.4
- PEG ratio
- —
- Price / sales
- 5.6
- Price / book
- 12.4
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
NMAX key metrics, 2022–2025
Fiscal year ended December 31, 2025 · U.S. dollarsNMAX returns How much profit the business earns on the capital it uses.
NMAX per-share figures Results divided by the shares outstanding at year-end.
NMAX financial health Debt, liquidity and how easily interest is covered.
NMAX efficiency & capital use Working capital cycle and where the cash goes.
NMAX valuation history
NMAX returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NMAX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NMAX cash returned to shareholders
NMAX price vs earnings per share
NMAX key metrics
2022–2025| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Valuation | ||||
| Market capitalization | $998.2M | — | — | — |
| Enterprise value | $876.2M | — | — | — |
| Price / sales | 5.3 | — | — | — |
| Price / book | 9.4 | — | — | — |
| EV / sales | 4.6 | — | — | — |
| Earnings yield | −10.0% | — | — | — |
| Free cash flow yield | −6.7% | — | — | — |
| Dividend yield | 0.1% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.1% | — | — | — |
| Share price at fiscal year-end | $7.73 | — | — | — |
| Per share | ||||
| Revenue per share | $1.47 | $1.33 | $3.01 | $3.29 |
| Earnings per share | −$0.77 | −$0.56 | −$0.93 | −$0.49 |
| Operating cash flow per share | −$0.50 | −$0.38 | −$0.09 | −$0.18 |
| Free cash flow per share | −$0.52 | −$0.39 | −$0.11 | −$0.32 |
| Cash per share | $1.02 | $0.64 | $0.16 | $0.28 |
| Book value per share | $0.82 | −$0.07 | −$0.53 | $0.44 |
| Tangible book value per share | $0.82 | −$0.07 | −$0.53 | $0.44 |
| Dividends per share | $0.01 | $0.00 | — | — |
| Capex per share | $0.02 | $0.01 | $0.02 | $0.14 |
| Debt per share | $0.07 | $32.00 | $0.28 | $0.36 |
| Shares outstanding | 129.1M | 128.2M | 44.9M | 41.1M |
| Change in shares outstanding | +0.7% | +185.5% | +9.2% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | −205.2% | — | — | −110.1% |
| Return on invested capital (ROIC) | — | −2.8% | — | −71.1% |
| Return on assets (ROA) | −51.6% | −66.3% | −60.3% | −29.8% |
| Return on tangible assets | −41.5% | −49.4% | −58.3% | −29.8% |
| Free cash flow margin | −35.4% | −29.1% | −3.5% | −9.8% |
| Financial health | ||||
| Total debt | $9.4M | $4.10B | $12.4M | $15.0M |
| Cash & short-term investments | $131.3M | $82.4M | $7.3M | $11.4M |
| Net debt | −$122.0M | $4.02B | $5.1M | $3.5M |
| Debt / equity | 0.09 | — | — | 0.83 |
| Debt / assets | 0.04 | 28.08 | 0.17 | 0.22 |
| Current ratio | 2.40 | 0.96 | 0.68 | 1.24 |
| Quick ratio | 2.38 | 0.95 | 0.61 | 1.13 |
| Interest coverage | — | -762.6 | — | — |
| Working capital | $114.2M | −$4.4M | −$16.4M | $8.4M |
| Invested capital | −$15.9M | $4.01B | −$18.4M | $21.6M |
| Tangible asset value | $106.0M | −$9.1M | −$23.6M | $18.1M |
| Net current asset value | $61.7M | −$36.8M | −$59.8M | −$6.3M |
| Graham net-net per share | $0.18 | −$0.40 | −$1.55 | −$0.52 |
| Capital allocation | ||||
| Dividends paid | $915,069 | $0 | — | — |
| Capex / revenue | 1.4% | 0.6% | 0.7% | 4.3% |
| Capex / depreciation | 0.42 | 0.16 | 0.25 | 2.30 |
| Stock-based compensation / revenue | 6.3% | 0.0% | — | — |
| SG&A / revenue | 92.1% | 88.1% | 54.6% | 34.2% |
| Efficiency | ||||
| Days sales outstanding | 59.5 | 53.6 | 54.9 | 50.5 |
| Days of inventory on hand | 5.9 | 11.8 | 17.6 | 17.7 |
| Days payables outstanding | 48.8 | 71.9 | 79.6 | 69.5 |
| Cash conversion cycle (days) | 16.6 | -6.5 | -7.0 | -1.3 |
| Receivables turnover | 6.14 | 6.81 | 6.65 | 7.22 |
| Payables turnover | 7.48 | 5.07 | 4.59 | 5.25 |
| Inventory turnover | 61.58 | 30.91 | 20.72 | 20.59 |
| Asset turnover | 0.98 | 1.57 | 1.95 | 2.02 |
| Average receivables | $30.8M | $25.1M | $20.4M | $18.7M |
| Average payables | $15.7M | $17.1M | $17.3M | $15.0M |
| Average inventory | $1.9M | $2.8M | $3.8M | $3.8M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from NMAX's annual financial statements (latest annual report filed March 26, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NMAX valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 437.0 and the forward P/E is 36.4. Newsmax earned a return on equity of −205.2% in fiscal 2025. It ended the year with $9.4 million of debt and $131.3 million in cash and short-term investments, a net cash position of $122.0 million. It returned $0.9 million to shareholders: $0.9 million in dividends and $0 in share buybacks.
See the NMAX income statement, the NMAX chart for price history, or the NMAX stock overview for the latest quote and news.
NMAX key metrics FAQ
What is Newsmax's P/E ratio?
Newsmax's trailing P/E ratio is 437.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 36.4. At the end of fiscal 2025 it was —.
What is Newsmax's return on equity?
Newsmax's return on equity (ROE) was −205.2% in fiscal 2025: net income of -$99.5 million on average shareholders' equity of $48.5 million.
How much debt does Newsmax have?
Newsmax had total debt of $9.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.09 and more cash than debt.
What is Newsmax's dividend yield?
Newsmax paid $0.9 million in dividends in fiscal 2025 ($0.01 per share), a payout ratio of —.
What is Newsmax's free cash flow yield?
Newsmax generated -$67.1 million of free cash flow in fiscal 2025, a free cash flow yield of −6.7% on its market value at year-end ($998.2 million).
What is Newsmax's current ratio?
Newsmax's current ratio was 2.40 at the end of fiscal 2025: current assets were 2.40 times current liabilities.