TDAY
USA TODAY Co., Inc.
TDAY's fundamentals are mixed, but it looks expensive: trading at 114x earnings, about 11 times its usual 11x. Its downside scenario is about six times its upside.
TDAY Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Stable | |
| Healthy | |
| Weak |
TDAY's cash flow is currently healthy, and its profitability is stable, but its revenue and balance sheet are under pressure.
TDAY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.7x | $0.52 | -92% |
| Fair | 11x | $0.64 | -91% |
| Forward | 35x | $6.86 | — |
| Expensive | 83x | $5.01 | -27% |
| Current | 114x | $6.86 | — |
Historical ranges are pointers, not guarantees.
TDAY's PE is in its expensive range at 114x. If earnings grow as analysts expect, today's price would be 35x next year's earnings, in its fair range.
TDAY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Returning to profit | |
| Decline | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect TDAY to return to profit, with revenue declining. However, they disagree widely on these estimates.
TDAY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.19 | +223% |
| Q3 2026 | $0.06 | -89% |
| Q2 2026 | -$0.18 | -126% |
| Q1 2026 | $0.18 | -51% |
| Q4 2025 | $0.01 | +$0.19 |
| Q3 2025 | $0.57 | +$1.38 |
| Q2 2025 | $0.70 | +$1.39 |
| Q1 2025 | $0.37 | +$1.24 |
| Q4 2024 | -$0.18 | +$0.02 |
TDAY's earnings per share have fallen from their peak: $0.06 over the past year, against $0.70 in mid-2025.
TDAY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $519.2M | -7.4% |
| Q2 2026 | $536.3M | -8.3% |
| Q1 2026 | $548.5M | -4% |
| Q4 2025 | $585M | -5.8% |
| Q3 2025 | $560.8M | -8.4% |
| Q2 2025 | $584.9M | -8.6% |
| Q1 2025 | $571.6M | -10% |
| Q4 2024 | $621.3M | -7.2% |
TDAY's revenue has slid since its 2020 peak: $519M last quarter, down 7.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -1.1% | +2.7 points |
| Q2 2026 | 2.7% | +4.3 points |
| Q1 2026 | 5.6% | +3.9 points |
| Q4 2025 | 7.5% | +6.5 points |
| Q3 2025 | -3.9% | -2.9 points |
| Q2 2025 | -1.6% | -2.6 points |
| Q1 2025 | 1.7% | +9.6 points |
| Q4 2024 | 1% | -1.7 points |
TDAY's operating margin was −1.1% last quarter, up 2.7 points from the same quarter a year ago.
TDAY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.1M | -16% |
| Q2 2026 | $19.6M | +12% |
| Q1 2026 | $6.4M | -35% |
| Q4 2025 | $30.8M | +$34.6M |
| Q3 2025 | $4.9M | -75% |
| Q2 2025 | $17.5M | -31% |
| Q1 2025 | $9.8M | +3.3% |
| Q4 2024 | -$3.8M | -130% |
TDAY still generates free cash flow, though less than at its 2021 peak: $61M over the past year.
TDAY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -24% | -46.5M shares |
| 1 year | +1.1% | +1.6M shares |
| 3 years | +5% | +7.1M shares |
| 5 years | -38% | -90.1M shares |
| Available history | +13% | +16.9M shares |
TDAY has 147M diluted shares, up 1.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $2.7M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $303,000 |
| Q1 2025 | $2.8M |
| Q4 2024 | — |
| Q3 2024 | $38,000 |
TDAY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 4.0x | High |
| Q2 2026 | 4.1x | High |
| Q1 2026 | 4.5x | High |
| Q4 2025 | 4.6x | High |
| Q3 2025 | 5.9x | High |
| Q2 2025 | 5.4x | High |
| Q1 2025 | 5.2x | High |
| Q4 2024 | 8.6x | High |
TDAY's net debt is about 4.0 years of its operating earnings (EBITDA), down from 5.9 years a year ago.
TDAY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.6 | Neutral |
| Stochastic | 32.2 | Neutral |
TDAY's weekly RSI is 50 (neutral) and its Stochastic is 32 (neutral).
TDAY PE vs Communication Services Sector
| Metric | TDAY | Sector median | Relative |
|---|---|---|---|
| PE | 114x | 16x | 593% above |
| PE % | 91 | 26 | 65 pts above |
TDAY is trading at 114x earnings, a 593% premium to the Communication Services sector's median of 16x.
TDAY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.72 | 2.1% above |
| 20 week MA | $7.13 | 3.8% below |
| 50 week MA | $6.84 | 0.3% above |
| 100 week MA | $5.43 | 26% above |
| 200 week MA | $4.27 | 61% above |
TDAY's trend is mixed: it's above four of its five weekly moving averages, and 61% above its 200-week average.
TDAY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $6.20 | $2.75 | -56% |
| 2021 | $2.75 | $5.61 | +104% |
| 2022 | $5.61 | $2.10 | -63% |
| 2023 | $2.10 | $2.30 | +9.5% |
| 2024 | $2.30 | $4.98 | +117% |
| 2025 | $4.98 | $5.42 | +8.8% |
| 2026 YTD | $5.42 | $6.86 | +27% |
TDAY's yearly returns have swung widely, from +117% in 2024 to −63% in 2022. It's up 27% so far in 2026.