USA TODAY Co., Inc. (TDAY) Key Metrics
TDAY valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.02B
- Enterprise value
- $1.96B
- P/E (TTM)
- — 10-yr median 37.1
- Forward P/E
- 25.6
- PEG ratio
- 0.94
- Price / sales
- 0.5 10-yr median 0.3
- Price / book
- 6.1 10-yr median 1.1
- EV / EBITDA
- 6.6 10-yr median 7.6
- Dividend yield
- —
- Beta
- 1.40
TDAY key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTDAY valuation Price multiples at each fiscal year-end price.
TDAY returns How much profit the business earns on the capital it uses.
TDAY per-share figures Results divided by the shares outstanding at year-end.
TDAY financial health Debt, liquidity and how easily interest is covered.
TDAY efficiency & capital use Working capital cycle and where the cash goes.
TDAY valuation history
TDAY returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TDAY debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TDAY cash returned to shareholders
TDAY price vs earnings per share
TDAY key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $751.8M | $721.1M | $321.2M | $277.9M | $718.4M | $442.7M | $431.7M | $675.7M | $889.5M | $724.6M |
| Enterprise value | $1.80B | $1.90B | $1.52B | $1.61B | $2.07B | $2.15B | $2.22B | $1.07B | $1.21B | $905.6M |
| P/E ratio | 429.8 | — | — | — | — | — | — | 37.1 | — | 22.9 |
| Price / sales | 0.3 | 0.3 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.4 | 0.7 | 0.6 |
| Price / book | 4.8 | 4.7 | 1.0 | 0.9 | 1.4 | 1.2 | 0.4 | 0.9 | 1.3 | 1.0 |
| Price / free cash flow | 12.0 | 14.2 | 5.7 | — | 8.2 | 21.3 | 37.4 | 6.9 | 8.9 | 8.3 |
| Price / operating cash flow | 6.6 | 7.2 | 3.4 | 6.8 | 5.6 | 7.7 | 16.9 | 6.2 | 8.0 | 7.4 |
| EV / sales | 0.8 | 0.8 | 0.6 | 0.5 | 0.6 | 0.6 | 1.2 | 0.7 | 0.9 | 0.7 |
| EV / EBITDA | 6.8 | 10.4 | 5.8 | 7.5 | 8.2 | — | — | 7.6 | 11.6 | 7.1 |
| EV / free cash flow | 28.5 | 37.5 | 26.8 | — | 23.6 | 103.2 | 191.8 | 10.9 | 12.1 | 10.3 |
| Earnings yield | 0.2% | −3.7% | −8.7% | −28.1% | −18.8% | −151.5% | −27.8% | 2.7% | −0.1% | 4.4% |
| Free cash flow yield | 8.4% | 7.0% | 17.6% | −1.7% | 12.2% | 4.7% | 2.7% | 14.5% | 11.2% | 12.1% |
| Dividend yield | — | — | — | — | 0.0% | — | 21.3% | 12.9% | 8.5% | 8.2% |
| Shareholder yield (dividends + buybacks) | 0.4% | 0.4% | 0.8% | 2.4% | 0.5% | 0.5% | 21.5% | 13.0% | 9.1% | 8.3% |
| Share price at fiscal year-end | $5.15 | $5.06 | $2.30 | $2.03 | $5.33 | $3.36 | $6.38 | $11.57 | $16.78 | $15.99 |
| Per share | ||||||||||
| Revenue per share | $15.77 | $17.61 | $19.08 | $21.51 | $23.80 | $25.85 | $27.60 | $26.13 | $25.32 | $27.70 |
| Earnings per share | $0.01 | −$0.18 | −$0.20 | −$0.57 | −$1.00 | −$5.09 | −$1.77 | $0.31 | −$0.02 | $0.70 |
| Operating cash flow per share | $0.78 | $0.70 | $0.68 | $0.30 | $0.95 | $0.44 | $0.38 | $1.88 | $2.09 | $2.17 |
| Free cash flow per share | $0.43 | $0.36 | $0.40 | −$0.03 | $0.65 | $0.16 | $0.17 | $1.68 | $1.88 | $1.94 |
| Cash per share | $0.62 | $0.75 | $0.72 | $0.69 | $0.97 | $1.30 | $2.31 | $0.83 | $0.81 | $3.80 |
| Book value per share | $1.06 | $1.07 | $2.28 | $2.16 | $3.95 | $2.76 | $14.50 | $12.28 | $12.72 | $16.66 |
| Tangible book value per share | −$4.81 | −$5.66 | −$5.30 | −$6.21 | −$5.30 | −$7.55 | −$13.97 | −$1.36 | $0.65 | $3.87 |
| Dividends per share | — | — | — | — | $0.00 | — | $1.36 | $1.49 | $1.43 | $1.32 |
| Capex per share | $0.35 | $0.35 | $0.27 | $0.33 | $0.29 | $0.28 | $0.21 | $0.20 | $0.21 | $0.23 |
| Debt per share | $7.77 | $9.03 | $9.27 | $10.41 | $11.03 | $14.23 | $28.68 | $7.54 | $6.79 | $7.80 |
| Shares outstanding | 146.0M | 142.5M | 139.6M | 136.9M | 134.8M | 131.7M | 67.7M | 58.4M | 53.0M | 45.3M |
| Change in shares outstanding | +2.4% | +2.1% | +2.0% | +1.6% | +2.3% | +94.7% | +15.9% | +10.2% | +17.0% | +2.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 1.1% | −11.2% | −9.1% | −18.8% | −30.1% | −99.7% | −14.1% | 2.6% | −0.1% | 4.5% |
| Return on invested capital (ROIC) | 5.4% | −2.4% | 4.3% | −1.5% | 4.4% | −14.6% | 2.8% | 5.0% | 2.8% | 6.8% |
| Return on assets (ROA) | 0.1% | −1.2% | −1.2% | −3.0% | −4.5% | −18.8% | −4.4% | 1.3% | −0.1% | 2.5% |
| Return on tangible assets | 0.2% | −2.4% | −2.5% | −6.3% | −8.5% | −38.3% | −5.7% | 2.8% | −0.1% | 4.2% |
| Free cash flow margin | 2.7% | 2.0% | 2.1% | −0.2% | 2.7% | 0.6% | 0.6% | 6.4% | 7.4% | 7.0% |
| Income quality (OCF / net income) | 65.40 | — | — | — | — | — | — | 6.02 | — | 3.11 |
| Financial health | ||||||||||
| Total debt | $1.13B | $1.29B | $1.29B | $1.43B | $1.49B | $1.87B | $1.94B | $440.6M | $359.9M | $353.2M |
| Cash & short-term investments | $90.2M | $106.3M | $100.2M | $94.3M | $130.8M | $170.7M | $156.0M | $48.7M | $43.1M | $172.2M |
| Net debt | $1.04B | $1.18B | $1.19B | $1.33B | $1.36B | $1.70B | $1.78B | $391.9M | $316.9M | $181.0M |
| Debt / equity | 7.31 | 8.41 | 4.07 | 4.82 | 2.80 | 5.15 | 1.98 | 0.61 | 0.53 | 0.47 |
| Debt / assets | 0.62 | 0.63 | 0.59 | 0.60 | 0.53 | 0.60 | 0.48 | 0.31 | 0.28 | 0.26 |
| Net debt / EBITDA | 3.96 | 6.44 | 4.57 | 6.24 | 5.39 | — | — | 2.78 | 3.03 | 1.43 |
| Current ratio | 0.75 | 0.78 | 0.83 | 0.82 | 0.87 | 0.86 | 1.08 | 1.20 | 1.29 | 1.89 |
| Quick ratio | 0.73 | 0.74 | 0.78 | 0.75 | 0.81 | 0.81 | 1.01 | 1.10 | 1.20 | 1.80 |
| Interest coverage | 0.9 | -0.4 | 0.8 | -0.3 | 0.8 | -2.0 | 1.1 | 1.6 | 1.1 | 2.1 |
| Working capital | −$128.6M | −$119.7M | −$89.3M | −$109.3M | −$85.3M | −$104.6M | $60.7M | $49.8M | $59.5M | $174.5M |
| Invested capital | $1.20B | $1.33B | $1.51B | $1.63B | $1.89B | $2.07B | $2.77B | $1.11B | $991.2M | $936.0M |
| Tangible asset value | −$702.0M | −$807.8M | −$740.9M | −$851.2M | −$717.2M | −$995.8M | −$943.7M | −$79.6M | $34.3M | $175.5M |
| Net current asset value | −$1.29B | −$1.46B | −$1.42B | −$1.59B | −$1.72B | −$2.11B | −$2.26B | −$429.0M | −$346.0M | −$210.7M |
| Graham number | $0.54 | — | — | — | — | — | — | $9.28 | — | $16.18 |
| Graham net-net per share | −$9.72 | −$11.16 | −$11.11 | −$12.89 | −$14.11 | −$17.63 | −$37.30 | −$9.16 | −$8.36 | −$6.53 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | $0 | — | $91.9M | $87.2M | $75.6M | $59.8M |
| Share buybacks (net) | $3.1M | $3.1M | $2.6M | $6.6M | $3.2M | $2.0M | $1.0M | $792,000 | $5.7M | $417,000 |
| Dividend payout ratio | — | — | — | — | — | — | — | 479.2% | — | 188.9% |
| Dividends + buybacks / free cash flow | 4.9% | 6.2% | 4.7% | — | 3.7% | 9.7% | 804.2% | 89.9% | 81.5% | 68.6% |
| Capex / revenue | 2.2% | 2.0% | 1.4% | 1.5% | 1.2% | 1.1% | 0.7% | 0.8% | 0.8% | 0.8% |
| Capex / operating cash flow | 45.0% | 49.4% | 40.3% | 111.3% | 31.0% | 64.0% | 54.7% | 10.6% | 10.0% | 10.8% |
| Capex / depreciation | 0.31 | 0.32 | 0.24 | 0.25 | 0.19 | 0.14 | 0.12 | 0.14 | 0.15 | 0.16 |
| Stock-based compensation / revenue | 0.4% | 0.5% | 0.6% | 0.6% | 0.6% | 0.8% | 0.6% | 0.2% | 0.2% | 0.2% |
| SG&A / revenue | 27.8% | 28.9% | 24.5% | 28.9% | 28.1% | — | — | 33.0% | 17.6% | 33.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 36.7 | 36.8 | 38.1 | 38.3 | 36.6 | 40.3 | 59.9 | 39.0 | 39.4 | 39.9 |
| Days of inventory on hand | 3.9 | 5.6 | 7.8 | 8.1 | 7.0 | 8.1 | 12.3 | 9.2 | 9.0 | 8.8 |
| Days payables outstanding | 34.6 | 35.0 | 35.7 | 34.0 | 27.7 | 25.0 | 25.1 | 6.8 | 8.8 | 7.8 |
| Cash conversion cycle (days) | 6.1 | 7.4 | 10.1 | 12.5 | 15.8 | 23.4 | 47.1 | 41.4 | 39.6 | 41.0 |
| Receivables turnover | 9.94 | 9.92 | 9.59 | 9.53 | 9.98 | 9.05 | 6.10 | 9.36 | 9.26 | 9.15 |
| Payables turnover | 10.56 | 10.43 | 10.21 | 10.74 | 13.16 | 14.59 | 14.57 | 53.47 | 41.41 | 47.09 |
| Inventory turnover | 93.29 | 64.80 | 46.99 | 44.89 | 52.29 | 45.12 | 29.75 | 39.62 | 40.35 | 41.24 |
| Asset turnover | 1.19 | 1.19 | 1.16 | 1.13 | 1.08 | 0.96 | 0.68 | 1.12 | 1.02 | 0.99 |
| Average receivables | $231.6M | $252.9M | $277.8M | $309.1M | $321.5M | $376.4M | $306.4M | $163.0M | $144.9M | $137.2M |
| Average payables | $149.3M | $148.2M | $165.7M | $173.2M | $144.5M | $139.4M | $81.8M | $16.2M | $17.9M | $14.8M |
| Average inventory | $16.9M | $23.9M | $36.0M | $41.4M | $36.4M | $45.1M | $40.1M | $21.8M | $18.4M | $17.0M |
| Intangibles / total assets | 46.6% | 47.1% | 48.5% | 47.9% | 44.1% | 43.7% | 47.9% | 55.2% | 49.9% | 43.4% |
Computed from TDAY's annual financial statements (latest annual report filed February 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.
TDAY valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), USA TODAY traded at 429.8 times earnings, against a 10-year median of 37.1. USA TODAY earned a return on equity of 1.1% and a return on invested capital of 5.4% in fiscal 2025. It ended the year with $1.1 billion of debt and $90.2 million in cash and short-term investments, net debt of $1.0 billion. It returned $3.1 million to shareholders: $0 in dividends and $3.1 million in share buybacks, 5% of free cash flow. The share count rose 222.1% from 45.3M to 146.0M over 9 years.
See the TDAY income statement, the TDAY chart for price history, or the TDAY stock overview for the latest quote and news.
TDAY key metrics FAQ
What is USA TODAY's P/E ratio?
USA TODAY traded at 429.8 times earnings at the end of fiscal 2025.
What is USA TODAY's EV/EBITDA?
USA TODAY's enterprise value was 6.8 times EBITDA at the end of fiscal 2025 (enterprise value $1.8 billion, EBITDA $263.6 million); the current EV/EBITDA is 6.6.
What is USA TODAY's return on equity?
USA TODAY's return on equity (ROE) was 1.1% in fiscal 2025: net income of $1.7 million on average shareholders' equity of $154.1 million.
What is USA TODAY's ROIC?
USA TODAY's return on invested capital was 5.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does USA TODAY have?
USA TODAY had total debt of $1.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 7.31 and $1.0 billion of net debt (3.96 times EBITDA).
Does USA TODAY buy back its shares?
Yes. USA TODAY spent $3.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +2.4% over the year, to 146.0M..
What is USA TODAY's free cash flow yield?
USA TODAY generated $62.9 million of free cash flow in fiscal 2025, a free cash flow yield of 8.4% on its market value at year-end ($751.8 million).
What is USA TODAY's current ratio?
USA TODAY's current ratio was 0.75 at the end of fiscal 2025: current assets were 0.75 times current liabilities.