New York Times
NYT · NYSENewspapers: Publishing or Publishing & Printing · Fiscal year ends Dec 31
New York Times reported revenue of $2.8B in the fiscal year ended Dec 2025, up 9.2% from the year before. Operating income was $432M, an operating margin of 15.3%, and net income was $344M. Operating cash flow of $584M less capital expenditure of $34M left free cash flow of $551M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.3B | $2.4B | $2.6B | $2.8B |
| Research & development | $161M | $204M | $229M | $248M | $264M |
| Operating income | $268M | $202M | $276M | $351M | $432M |
| Net interest incomeBanks | $33M | $41M | $21M | $36M | – |
| Pre-tax income | $291M | $236M | $303M | $383M | $451M |
| Income tax | $71M | $62M | $70M | $90M | $107M |
| Net income | $220M | $174M | $232M | $294M | $344M |
| Diluted EPS | 1.31 | 1.04 | 1.40 | 1.77 | 2.09 |
| Diluted shares | 169M | 167M | 166M | 166M | 165M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $320M | $221M | $289M | $199M | $255M |
| Receivables | $233M | $218M | $242M | $250M | $291M |
| Current assets | $953M | $656M | $782M | $936M | $1B |
| Net PP&E | $575M | $554M | $514M | – | – |
| Goodwill | $166M | $414M | $416M | $412M | $409M |
| Total assets | $2.6B | $2.5B | $2.7B | $2.8B | $3B |
| Payables | $127M | $115M | $117M | $124M | $136M |
| Deferred revenue | $119M | $156M | $173M | $187M | $208M |
| Current liabilities | $559M | $571M | $612M | $614M | $667M |
| Shareholders' equity | $1.5B | $1.6B | $1.8B | $1.9B | $2B |
| Backlog (remaining obligations) | $123M | $222M | $193M | $148M | $135M |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $269M | $151M | $361M | $411M | $584M |
| Capital expenditure | $35M | $37M | $23M | $29M | $34M |
| Free cash flow | $234M | $114M | $338M | $381M | $551M |
| Depreciation & amortisation | $58M | $83M | $86M | $83M | $85M |
| Stock-based compensation | $22M | $35M | $55M | $67M | $74M |
| Share buybacks | $0 | $105M | $45M | $85M | $165M |
| Dividends paid | $45M | $57M | $69M | $83M | $110M |
| Dividend per share | 0.28 | 0.36 | 0.44 | 0.52 | 0.72 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 11.3% | 5.1% | 6.6% | 9.2% |
| Operating income growth (YoY) | – | −24.6% | 36.8% | 27.1% | 22.9% |
| EPS growth (YoY) | – | −20.6% | 34.6% | 26.4% | 18.1% |
| Operating margin | 12.9% | 8.7% | 11.4% | 13.6% | 15.3% |
| Net margin | 10.6% | 7.5% | 9.6% | 11.4% | 12.2% |
| Return on equityBlank when equity is negative | 14.3% | 10.9% | 13.2% | 15.2% | 16.9% |
| ROCEEBIT ÷ (assets − current liabilities) | 13.4% | 10.3% | 13.1% | 15.8% | 18.5% |
| Free cash flow margin | 11.3% | 4.9% | 13.9% | 14.7% | 19.5% |
| Cash conversion (CFO ÷ net income) | 1.22x | 0.87x | 1.55x | 1.40x | 1.70x |
| Receivable days | 41 | 34 | 36 | 35 | 38 |
| Current ratio | 1.70x | 1.15x | 1.28x | 1.53x | 1.54x |
Recent filings
More in Newspapers: Publishing Or Publishing & Printing
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.