The New York Times CompanyNYT
NYSE•Communication Services•Publishing
The New York Times Company, together with its subsidiaries, creates, collects, and distributes news and information worldwide. It operates through two segments, The New York Times Group and The Athletic. It offers The New York Times (The Times) through company's mobile application, website, printed newspaper, and associated content, such as podcast. The company offers The Athletic, a sports media product; Cooking, a recipe product; Games, a puzzle games product; and Audio, an audio product. In addition, the company offers a portfolio of advertising products and services to advertisers, such as luxury goods, technology, and financial companies, to promote products, services or brands on digital platforms in the form of display ads, audio and video, in print in the form of column-inch ads, and at live events; and Wirecutter, a product review and recommendation product. Further, the company licenses content to digital aggregators in the business, professional, academic and library markets, and third-party digital platforms; articles, graphics, and photographs, including newspapers, magazines, and websites; and for use in television, films, and books, as well as provide rights to reprint articles, and create and sell new digests. Additionally, the company engages in commercial printing and distribution for third parties; and operates the NYTimes.com website. The company was founded in 1851 and is headquartered in New York, New York.
New York Times Company (The) (NYT) reported trailing twelve months revenue of $2.90B as of March 2026, a 10.4% increase year-over-year. Quarterly revenue reached $712.24M, reflecting continued top-line momentum.
New York Times Company (The) generated $382.35M in TTM net income, with quarterly EBITDA of $111.18M. The operating margin expanded from 9.2% to 12.7%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (12.7%) and net margin (12.3%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 7.8% a year ago, signaling stronger bottom-line efficiency.
NYT trades at a P/E of 35.3x (a premium multiple) and a P/S of 4.6x. The price-to-book ratio of 6.7x indicates a significant premium over book value.
The company generated $81.51M in free cash flow over the trailing twelve months, a 9.3% decrease year-over-year, indicating cash generation ability. The balance sheet shows $2.86B in total assets with no in long-term debt against $2.00B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~14.7%, suggesting durable pricing power and cost discipline.
ROE averages 16.4% but has fluctuated — the competitive advantage may be cyclical or emerging.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~16.3% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~15.8% — no sign of cost or pricing stress.
FCF covers net income by 1.5x on average — earnings are well-supported by cash generation.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation