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Operates a politically conservative cable news network and digital media platform.
Operates a politically conservative cable news network and digital media platform.
Earns from three sources: fees distributors pay per subscribing household to carry the channel, advertising sold around its programming, and a paid streaming subscription. Because carriage and advertising depend on the size of its audience, ratings are central.
Moat: narrow (brand). Established conservative-audience brand but a distant follower to Fox News in scale and distribution.
Headquarters: West Palm Beach, Florida, US · Founded: 1998 · Employees: 500
Size Newsmax (NMAX) is a United States Communication Services company (Broadcasting) with a market value of $948M, the 2284th largest of 3,117 United States companies the cockpit tracks. Shares closed at $7.34 on 6 Nov 2026.
Performance Over six months the shares gained 15.8%, against -10.3% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 10.7% over the last twelve months (peer median -1.5%); the operating margin is -7.4% (peer median 8.1%).
Valuation It trades at 4.0× enterprise value to sales against a peer median of 1.4× (6th most expensive of 21).
Short interest Short interest is 5.6% of the free float (15 Oct 2026).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $203M | $189M | $171M | $135M | $135M |
| Revenue growth | — | +11% | +26% | 0% | — |
| Gross profit | $78.2M | $71.6M | $80.9M | $52.7M | $56.4M |
| EBITDA | -$10.3M | -$93.5M | -$63.6M | -$17.5M | -$16.9M |
| Net income | -$6.41M | -$99.5M | -$72.2M | -$41.8M | -$19.9M |
| Free cash flow | -$51.6M | -$67.1M | -$49.7M | -$4.75M | -$13.2M |
| Capital expenditure | $3.34M | $2.65M | $996,291 | $990,525 | $5.88M |
| Total debt | $11.6M | $9.36M | $8.27M | $12.4M | $15.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Newsmax NMAX | $948M | +16% | +11% | -7% | 4.0× | n/a |
| Fox Corporation (Class A) FOXA | $26.4B | +6% | +9% | 23% | 1.6× | -9.8% |
| Warner Bros. Discovery WBD | n/a | +13% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | NMAX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.1% | +4.3% | lowest of 21 |
| 6-month return | +15.8% | -10.3% | 4th highest of 21 |
| Distance from 52-week high | -39.4% | -32.2% | 6th lowest of 21 |
| Revenue growth (TTM) | +10.7% | -1.5% | 4th highest of 21 |
| Operating margin | -7.4% | 8.1% | 2nd lowest of 21 |
| EV / Sales | 4.0× | 1.4× | 6th most expensive of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Newsmax NMAX | United States | $948M | +16% | +11% | -7% | 4.0× | n/a | n/a |
| Sinclair SBGI | United States | $989M | -4% | -6% | 6% | 1.4× | 10.9% | -11.8% |
| Nine Entertainment NEC.AX | Australia | $895M | -15% | -18% | 9% | 1.3× | 7.4% | -1.3% |
| Entravision Communications EVC | United States | $830M | +26% | +71% | 8% | 1.4× | 13.5% | +5.4% |
| Rai Way RWAY.MI | Italy | $1.27B | -28% | +3% | 44% | 4.5× | -10.3% | +4.8% |
| CJ ENM 035760.KS | South Korea | $706M | -15% | -3% | 2% | 0.7× | -5.1% | +8.7% |
| Zee Entertainment Enterprises ZEEL.NS | India | $651M | -32% | +6% | -1% | 0.4× | 1.8% | +0.9% |
| Atresmedia Corporacion de Medios de Comunicacion A3M.MC | Spain | $1.52B | +16% | +1% | 8% | 1.4× | 6.9% | +2.3% |
| Television Francaise 1 TFI.PA | France | $1.53B | -6% | -3% | 8% | 0.5× | -7.5% | +2.0% |
| TV Tokyo 9413.T | Japan | $582M | -15% | +2% | 6% | 0.3× | -18.7% | +3.5% |
| Hebei Broadcasting Wireless Media 301551.SZ | China | $1.58B | -4% | -1% | 35% | 14.4× | 20.7% | -0.8% |
| Metropole Television MMT.PA | France | $1.60B | -4% | -2% | 11% | 1.2× | -0.9% | -0.3% |
| Gray Media GTN | United States | $520M | +11% | -11% | 14% | 2.2× | 2.2% | +5.4% |
| NRJ NRG.PA | France | $509M | -18% | -12% | 8% | 0.2× | n/a | n/a |
| MFE-MediaForEurope MFEA.MI | Italy | $1.83B | -26% | +90% | 3% | 0.8× | 0.6% | +8.9% |
| Network18 Media & Invest NETWORK18.NS | India | $438M | -23% | -23% | -3% | 3.3× | n/a | n/a |
| TV Asahi 9409.T | Japan | $2.15B | +3% | +4% | 7% | 0.9× | -0.9% | +5.1% |
| Sun TV Network SUNTV.NS | India | $2.48B | +4% | -5% | 38% | 4.1× | 9.5% | +6.4% |
| Shaanxi Broadcast & TV Network Intermediary (Group) 600831.SS | China | $351M | -15% | -26% | -141% | 8.3× | 12.3% | -16.8% |
| Digital Network DIG.WA | Poland | $335M | +44% | +121% | 41% | 8.2× | 14.3% | +33.9% |
| iHeartMedia IHRT | United States | $309M | -69% | +3% | 7% | 1.5× | 7.9% | +5.6% |