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Publisher of The New York Times, monetized mainly through digital subscriptions (news, games, cooking, product reviews).
Publisher of The New York Times, monetized mainly through digital subscriptions (news, games, cooking, product reviews).
Earns most of its revenue from digital subscriptions sold as bundles that combine news, games, cooking, sport and product reviews, so each reader pays for several services and is less likely to cancel. The Athletic, bought in 2022, added sports. The Ochs-Sulzberger family controls the company through Class B shares that elect most of the board.
Moat: narrow (brand, installed base). A globally trusted news brand with a large, sticky bundle of subscription products (news, games, cooking).
Headquarters: New York, New York, United States · Founded: 1851 · Employees: 6,000
Size New York Times (NYT) is a United States Communication Services company (Publishing: Newspapers) with a market value of $11.0B, the 730th largest of 3,117 United States companies the cockpit tracks. Shares closed at $68.36 on 6 Nov 2026.
Performance Over six months the shares fell 13.9%, against -0.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 12 in its peer set.
Growth Revenue grew 10.8% over the last twelve months (peer median -1.3%); the operating margin is 17.0% (peer median 7.7%).
Valuation It trades at 21.9× forward earnings against a peer median of 15.8× (3rd most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 20.6 points above its cost of capital (9.2% WACC).
Backlog Backlog (remaining performance obligations) was $144M at 30 Sep 2026, up 4% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 11.7% of the free float (15 Oct 2026).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.05B | $2.82B | $2.59B | $2.43B | $2.31B |
| Revenue growth | — | +9% | +7% | +5% | — |
| Gross profit | $1.49B | $1.35B | $1.19B | $1.09B | $1.02B |
| EBITDA | $610M | $573M | $483M | $401M | $349M |
| Net income | $409M | $344M | $294M | $232M | $174M |
| Free cash flow | n/a | $551M | $381M | $338M | $114M |
| Capital expenditure | n/a | $34.0M | $29.2M | $22.7M | $37.0M |
| Total debt | n/a | $48.7M | $47.8M | $53.0M | $69.0M |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| New York Times NYT | $11.0B | -14% | +11% | 17% | 21.9× | 8.9% |
| News Corp (Class A) NWSA | $14.7B | -2% | +1% | 13% | 18.4× | 8.0% |
| Ziff Davis ZD | $1.70B | +21% | -8% | 10% | 8.9× | -10.6% |
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 | NYT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.6% | -0.2% | 4th highest of 12 |
| 6-month return | -13.9% | -0.4% | 2nd lowest of 12 |
| Distance from 52-week high | -21.5% | -16.7% | 4th lowest of 12 |
| Revenue growth (TTM) | +10.8% | -1.3% | 2nd highest of 12 |
| Operating margin | 17.0% | 7.7% | 2nd highest of 12 |
| Forward P/E | 21.9× | 15.8× | 3rd most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 8.9% | 1.1% | 5th most demanding of 12 |
| Growth delivered (Del g) | +9.6% | +1.0% | 2nd highest of 12 |
| Hurdle (Req g minus delivered) | -0.7 pp | +4.5 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | +20.6 pp | -0.6 pp | highest of 11 |
| EV / EBITDA | 17.0× | 8.7× | 2nd most expensive of 10 |
| Net debt / EBITDA | -1.0× | 0.8× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| New York Times NYT | United States | $11.0B | -14% | +11% | 17% | 21.9× | 8.9% | +9.6% |
| News Corp (Class A) NWSA | United States | $14.7B | -2% | +1% | 13% | 18.4× | 8.0% | -0.7% |
| TX Group AG TXGN.SW | Switzerland | $2.43B | +54% | -7% | 4% | 35.4× | 14.3% | -1.3% |
| Sanoma SANOMA.HE | Finland | $1.61B | -1% | -1% | 13% | 11.5× | -7.6% | +4.2% |
| Alma Media ALMA.HE | Finland | $1.27B | +7% | +5% | 26% | 15.8× | 1.1% | +7.3% |
| USA TODAY TDAY | United States | $965M | -14% | -7% | 6% | 39.2× | 9.8% | -7.5% |
| Daily Journal DJCO | United States | $885M | +28% | +23% | 13% | n/a | 22.0% | +11.9% |
| Zhejiang Huamei 000607.SZ | China | $598M | -5% | +3% | -23% | n/a | -1.2% | -5.7% |
| RCS MediaGroup RCS.MI | Italy | $484M | -15% | -3% | 8% | 7.6× | -5.9% | +1.0% |
| Transcontinental TCL-A.TO | Canada | $338M | 0% | -43% | 11% | 5.0× | -12.6% | +1.3% |
| Caltagirone Editore CED.MI | Italy | $309M | +19% | -6% | -19% | n/a | -11.8% | -3.3% |
| Polaris Media POL.OL | Norway | $307M | +4% | 0% | 2% | n/a | 11.5% | +1.2% |
New York Times reported $144M of remaining performance obligations at 30 Sep 2026, up 4% from a year earlier and up 36% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 1.05.