New York Times (NYT) AI Stock Analysis

• Market Cap: $11.82B
• Dividend Yield: 0.95%
• Average Volume (3M): 1.35M
• Price to Earnings (P/E): 35.5
• Beta (1Y): 0.44
• Revenue Growth: 8.43%
• EPS Growth: 21.38%
• Country: US
• Employees: 5,900
• Sector: Communication Services
• Sector Strength: 97
• Industry: Publishing
• EPS (TTM): 0.59
• Shares Outstanding: 161,568,280
• 10 Day Avg. Volume: 1,094,076
• 30 Day Avg. Volume: 1,354,409
• PEG Ratio: 1.08
• Price to Book (P/B): 4.44
• Price to Sales (P/S): 3.31
• P/FCF Ratio: 22.44
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 4.25
• Enterprise Value/Gross Profit: 8.24
• Enterprise Value/Ebitda: 21.94
• 1Y Price Target: $70.17
• Price Target Upside: -3.31% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: $81.00 ▲(11.62% Upside)

The score is driven primarily by strong financial quality (debt-free balance sheet, improving margins, and robust free cash flow). Technicals add support with a positive trend and neutral-to-positive momentum. Offsetting factors are a relatively expensive valuation (high P/E, modest yield), while the latest earnings call reinforces solid operating momentum and guidance; the corporate event is mildly supportive but not a major fundamental catalyst.

Positive Factors

Digital Subscription Growth

The significant increase in digital subscribers indicates strong demand for the company's digital content, supporting long-term revenue growth and market expansion.

Cash Flow Generation

Robust free cash flow generation enhances financial flexibility, allowing for strategic investments and shareholder returns, supporting long-term stability.

Advancements in Video and AI

Investments in video and AI enhance content delivery and personalization, potentially increasing user engagement and competitive advantage in digital media.

Negative Factors

Increased Operating Costs

Rising operating costs, driven by investments, could pressure margins if not offset by revenue growth, impacting long-term profitability.

Volatile Advertising Revenue

Volatility in advertising revenue can lead to unpredictable cash flows, affecting financial planning and potentially hindering long-term growth.

Legal Challenges

Ongoing legal challenges can lead to financial and reputational risks, potentially diverting resources and focus from core business operations.

New York Times Business Overview & Revenue Model

Company Description

The New York Times Company, together with its subsidiaries, provides news and information for readers and viewers across various platforms worldwide. It offers The New York Times (The Times), a daily and Sunday newspaper in the United States, as well as international edition of The Times; and operates the NYTimes.com Website. The company also transmits articles, graphics, and photographs from The Times and other publications to approximately 1,500 newspapers, magazines, and websites; licenses electronic databases to resellers in the business, professional, and library markets; and offers magazine licensing, news digests, book development, and rights and permissions. In addition, it engages in the live events business, which hosts physical and virtual live events to connect audiences with journalists and outside thought leaders; direct-sold website, mobile application, podcast, email, and video advertisements, as well as digital advertising services; operates Wirecutter, a product review and recommendation products; develops mobile applications, including games and cooking products; prints and distributes products for third parties; and offers other products and services. The company was founded in 1851 and is headquartered in New York, New York.

How the Company Makes Money

The New York Times generates revenue through several key streams, primarily focusing on subscription-based models. The company offers digital subscriptions, which have become a significant source of income, allowing readers access to online content, including articles, podcasts, and newsletters. Additionally, NYT generates revenue from print subscriptions and single-copy sales of its newspapers. Advertising is another crucial revenue stream, with the company selling ad space on its digital platforms and in print editions. NYT has also ventured into branded content and partnerships with other organizations, enhancing its revenue through collaborations and sponsored content. Significant factors contributing to its earnings include its strong brand reputation, a loyal subscriber base, and a growing emphasis on digital transformation to capture a wider audience.

New York Times Financial Statement Overview

Summary

High-quality fundamentals: improving profitability (TTM net margin ~11.9%), strong free cash flow generation (~$537M TTM) with solid earnings quality (FCF/net income ~0.93), and an extremely conservative balance sheet (no debt, rising equity). The main limitation is modest recent revenue growth, implying a more mature growth profile.

Income Statement

TTM (Trailing-Twelve-Months) results show steady top-line growth (revenue up 2.3%) and strong profitability for the sector, with a ~50.0% gross margin and ~11.9% net margin. Margins have generally expanded versus prior years (net margin ~7.5% in 2022 to ~11–12% in 2024–TTM), indicating improved operating leverage. The main weakness is that recent revenue growth is modest versus earlier post-2020 growth rates, suggesting a more mature growth profile.

Balance Sheet

The balance sheet is very conservative: TTM (Trailing-Twelve-Months) shows no debt, and even in recent annual periods leverage was minimal (debt-to-equity ~0.02–0.04 from 2020–2024). Equity has grown over time (about $1.33B in 2020 to ~$1.98B TTM), supporting financial flexibility. Returns on equity are healthy and improving (about 7.6% in 2020 to ~16.9% TTM). A potential drawback is that with essentially no leverage, future return expansion depends more on operating performance than balance-sheet optimization.

Cash Flow

Cash generation is a clear strength: TTM (Trailing-Twelve-Months) operating cash flow is ~$572M and free cash flow is ~$537M, with free cash flow up ~17.9% versus the prior period. Free cash flow closely tracks earnings (free cash flow to net income ~0.93 TTM), indicating solid earnings quality. The primary watch item is that cash conversion can vary year to year (operating cash flow relative to net income improved from ~0.26 in 2022 to ~0.85 TTM), implying some working-capital or timing volatility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.75B	2.59B	2.43B	2.31B	2.07B	1.78B
Gross Profit	1.42B	1.28B	1.18B	1.10B	1.04B	824.33M
EBITDA	532.63M	476.46M	398.95M	328.58M	358.26M	186.86M
Net Income	337.87M	293.82M	232.39M	173.91M	219.97M	100.10M
Balance Sheet
Total Assets	2.89B	2.84B	2.71B	2.53B	2.56B	2.31B
Cash, Cash Equivalents and Short-Term Investments	617.35M	565.92M	451.57M	347.36M	661.05M	595.16M
Total Debt	0.00	47.77M	42.91M	59.12M	63.61M	52.70M
Total Liabilities	906.87M	914.27M	951.38M	933.78M	1.02B	979.58M
Stockholders Equity	1.98B	1.93B	1.76B	1.60B	1.54B	1.33B
Cash Flow
Free Cash Flow	536.52M	381.34M	337.95M	113.73M	234.46M	263.48M
Operating Cash Flow	572.03M	410.51M	360.62M	150.69M	269.10M	297.93M
Investing Cash Flow	-257.74M	-306.09M	-159.69M	-73.56M	-180.81M	-199.08M
Financing Cash Flow	-268.80M	-192.72M	-132.71M	-174.31M	-54.95M	-44.97M

New York Times Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 72.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NYT, the sentiment is Positive. The current price of 72.57 is above the 20-day moving average (MA) of 71.07, above the 50-day MA of 68.21, and above the 200-day MA of 58.72, indicating a bullish trend. The MACD of 1.23 indicates Positive momentum. The RSI at 65.64 is Neutral, neither overbought nor oversold. The STOCH value of 82.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NYT.

New York Times Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NYT	81 Outperform	$11.82B	35.48	17.63%	0.95%	8.43%	21.38%
PSO	74 Outperform	$8.22B	15.07	11.74%	2.11%	1.93%	34.40%
WLY	69 Neutral	$1.64B	16.45	13.61%	4.48%	-5.33%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
LEE	52 Neutral	$34.96M	-0.87	―	―	-8.02%	-44.34%

New York Times Corporate Events

New York Times Adopts New Executive Severance and Protections

On January 15, 2026, The New York Times Company’s board Compensation Committee approved a new Executive Severance Plan to standardize severance arrangements for senior leaders and better align them with market practice, while also bolstering retention of key executives. The plan covers Executive Committee members and Section 16 officers who sign restrictive covenant agreements and do not already have individual severance contracts, offering structured cash severance, prorated annual incentives, continued health coverage, and outplacement support following qualifying terminations, with enhanced lump-sum payments and COBRA subsidies for senior executives terminated without cause or for good reason within a year of a change in control; it is structured to comply with U.S. tax rules and includes mechanisms to limit excess parachute payments. On the same date, the company amended CEO Meredith Kopit Levien’s employment agreement, extending her post-employment non-solicitation period to 18 months, updating her non-compete to match the current business, and providing richer change-in-control severance protections—larger lump-sum cash payments tied to salary and target bonus plus extended COBRA support—moves that collectively reinforce leadership retention, clarify protections in potential M&A or control-shift scenarios, and tighten post-employment restrictions to protect the company’s talent and competitive position.

The most recent analyst rating on (NYT) stock is a Hold with a $60.00 price target. To see the full list of analyst forecasts on New York Times stock, see the NYT Stock Forecast page.