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NYT Stock Analysis: Hold (Score 53.2/100) | Blank Capital Research | Blank Capital Research
NYT
NEW YORK TIMES CO
$79.01
-3.47 (-4.21%)
Score53.2
Data as of Apr 6, 2026
NYT
NEW YORK TIMES CO
Communication ServicesPrinting And Publishing
$79.01
-3.47 (-4.21%)
Open $82.09High $82.47Low $78.77Prev $82.48Vol ---52W: $44.83 – $82.74
Catalyst IntelligenceBearish Factor
Context:Downward pressure following report: "Michael Goodwin: The New York Times' hate-filled agenda drags on". The 4.2% decline indicates institutional rebalancing.
Hold
Composite score
01234567890123456789.0123456789
Global rank
#235
Percentile
Top 5%
Business quality
50th
percentile
Standard operational efficiency. The business maintains stable margins and returns in line with broader market averages.
Relative to Communication Services Sector Median (N=134)
Metric
NYT
Benchmark
P/E Ratio
49.3x
+89%
EV/EBITDA
39.6x
+694%
Price / Book
6.7x
Implied Value Audit
OVERVALUED
Implied Fair Value (vs Sector)
-82.6%
$13.78Spot: $79.01
Spot
Implied
-50% Delta+50% Delta
Relative valuation derived from Communication Services sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 50GRADE C+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
13.6%
Sector: 1.0%
Dividend Analysis audit
GROWTH
1.08%
Trailing Yield
$1.08
Per $100 Invested
Modest dividend — capital prioritized for reinvestment.
Est. Payout Ratio
53%SAFE
Analyst Projections
Analyst Consensus
Unlock Valuation Tools
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Based on our 6-factor quantitative model, NEW YORK TIMES CO (NYT) receives a "Hold" rating with a composite score of 53.2/100, ranked #235 out of 4446 stocks. Key factor scores: Quality 50/100, Value 52/100, Momentum 68/100. This is quantitative analysis only — not investment advice.
NEW YORK TIMES CO (NYT) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does NEW YORK TIMES CO Do?
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. NEW YORK TIMES CO (NYT) is classified as a large-cap stock in the Communication Services sector, specifically within the Printing And Publishing industry. The company is led by CEO Meredith K. Levien and employs approximately 5,800 people, headquartered in NEW YORK, New York. With a market capitalization of $13.8B, NYT is one of the prominent companies in the Communication Services sector.
NEW YORK TIMES CO (NYT) Stock Rating — Hold (April 2026)
As of April 2026, NEW YORK TIMES CO receives a Hold rating with a composite score of 53.2/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.NYT ranks #235 out of 4,446 stocks in our coverage universe. Within the Communication Services sector, NEW YORK TIMES CO ranks #5 of 134 stocks, placing it in the top 10% of its Communication Services peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
NYT Stock Price and 52-Week Range
NEW YORK TIMES CO (NYT) currently trades at $79.01. The stock lost $3.47 (4.2%) in the most recent trading session. The 52-week high for NYT is $82.74, which means the stock is currently trading -4.5% from its annual peak. The 52-week low is $44.83, putting the stock 76.2% above its annual trough. Recent trading volume was 2.7M shares, reflecting moderate market activity.
Is NYT Overvalued or Undervalued? — Valuation Analysis
NEW YORK TIMES CO (NYT) carries a value factor score of 52/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 49.29x, compared to the Communication Services sector average of 26.08x — a premium of 89%. The price-to-book ratio stands at 6.72x, versus the sector average of 1.87x. The price-to-sales ratio is 5.15x, compared to 0.55x for the average Communication Services stock. On an enterprise value basis, NYT trades at 39.56x EV/EBITDA, versus 4.98x for the sector.
Overall, NYT's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
NEW YORK TIMES CO Profitability — ROE, Margins, and Quality Score
NEW YORK TIMES CO (NYT) earns a quality factor score of 50/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 13.6%, compared to the Communication Services sector average of 1.0%, which is within a healthy range. Return on assets (ROA) comes in at 9.3% versus the sector average of -0.0%.
On a margin basis, NEW YORK TIMES CO reports gross margins of 50.2%, compared to 56.4% for the sector. The operating margin is 12.9% (sector: 0.4%). Net profit margin stands at 10.4%, versus -0.9% for the average Communication Services stock. Revenue growth is running at 12.1% on a trailing basis, compared to 3.0% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
NYT Debt, Balance Sheet, and Financial Health
NEW YORK TIMES CO has a debt-to-equity ratio of 47.0%, compared to the Communication Services sector average of 82.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.54x, suggesting adequate working capital coverage. Cash and equivalents stand at $249M.
NYT has a beta of 0.55, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for NEW YORK TIMES CO is 89/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
NEW YORK TIMES CO Revenue and Earnings History — Quarterly Trend
In TTM 2026, NEW YORK TIMES CO reported revenue of $2.66B and earnings per share (EPS) of $2.11. Net income for the quarter was $278M. Operating income came in at $347M.
In FY 2025, NEW YORK TIMES CO reported revenue of $2.82B and earnings per share (EPS) of $2.11. Net income for the quarter was $344M. Revenue grew 9.2% year-over-year compared to FY 2024. Operating income came in at $432M.
In Q3 2025, NEW YORK TIMES CO reported revenue of $701M and earnings per share (EPS) of $0.50. Net income for the quarter was $82M. Revenue grew 9.5% year-over-year compared to Q3 2024. Operating income came in at $105M.
In Q2 2025, NEW YORK TIMES CO reported revenue of $686M and earnings per share (EPS) of $0.51. Net income for the quarter was $83M. Revenue grew 9.7% year-over-year compared to Q2 2024. Operating income came in at $107M.
Over the past 8 quarters, NEW YORK TIMES CO has demonstrated a growth trajectory, with revenue expanding from $625M to $2.66B. Investors analyzing NYT stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
NYT Dividend Yield and Income Analysis
NEW YORK TIMES CO (NYT) currently pays a dividend yield of 1.1%. At this yield, a $10,000 investment in NYT stock would generate approximately $$108.00 in annual dividend income. The net margin of 10.4% provides reasonable coverage for the dividend, though investors should monitor payout sustainability.
NYT Momentum and Technical Analysis Profile
NEW YORK TIMES CO (NYT) has a momentum factor score of 68/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 28/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 16/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
NYT vs Competitors — Communication Services Sector Ranking and Peer Comparison
Comparing NYT against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full NYT vs S&P 500 (SPY) comparison to assess how NEW YORK TIMES CO stacks up against the broader market across all factor dimensions.
NYT Next Earnings Date
No upcoming earnings date has been announced for NEW YORK TIMES CO (NYT) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy NYT? — Investment Thesis Summary
NEW YORK TIMES CO presents a balanced picture with arguments on both sides. Price momentum is positive at 68/100, suggesting the trend favors buyers. Low volatility (stability score 89/100) reduces downside risk.
In summary, NEW YORK TIMES CO (NYT) earns a Hold rating with a composite score of 53.2/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on NYT stock.
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Institutional Research Dossier
NEW YORK TIMES CO (NYT) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
We maintain a Hold rating on The New York Times Company (NYT). While the company's transition to a digital subscription model has been largely successful, driving consistent revenue growth and improved profitability, the current valuation appears stretched relative to its growth prospects and sector peers. The company's strong brand and increasing digital subscriber base provide a solid foundation, but the high P/E ratio and EV/EBITDA multiple suggest limited upside potential at the current price.
The key takeaway is that while NYT is a well-managed company with a clear strategic direction, the market has already priced in much of the expected future growth. Investors should remain cautious and consider alternative opportunities with more attractive valuations within the Communication Services sector.
Business Strategy & Overview
The New York Times Company operates as a provider of news and information, primarily through its flagship publication, The New York Times. The company's core strategy revolves around a digital-first approach, focusing on growing its digital subscription base while managing the decline of its print business. This involves investing in high-quality journalism, expanding its product offerings (such as games and cooking), and leveraging technology to enhance the user experience across various platforms, including its website, mobile apps, and podcasts.
NYT generates revenue through a combination of digital subscriptions, print subscriptions, advertising (both digital and print), and other sources such as licensing, live events, and affiliate revenue from Wirecutter. The company's strategic positioning emphasizes its commitment to independent journalism and its ability to attract a loyal and engaged audience willing to pay for quality content. This is reflected in its premium pricing strategy and its focus on building a strong brand reputation.
The company's product pipeline includes ongoing enhancements to its existing digital offerings, as well as the development of new products and services aimed at expanding its reach and attracting new subscribers. This includes investments in areas such as audio journalism, visual storytelling, and interactive features. NYT also actively explores strategic acquisitions to complement its existing business and accelerate its growth in key areas.
In the context of the broader media industry, NYT faces competition from other news organizations, as well as from a wide range of digital content providers. However, the company's strong brand, its commitment to quality journalism, and its successful transition to a digital subscription model have allowed it to differentiate itself from its competitors and maintain a leading position in the market. The company's ability to adapt to changing consumer preferences and technological advancements will be crucial to its long-term success.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
12.1%
Sector: 3.0%
+308% VS SCTR
Economic Moat Analysis
The New York Times Company possesses a Narrow economic moat, primarily derived from its intangible assets, specifically its brand reputation and the quality of its journalism. The New York Times has cultivated a strong brand over its long history, associated with credibility, in-depth reporting, and journalistic integrity. This brand recognition allows the company to command a premium price for its subscriptions and attract a loyal subscriber base.
While the brand is a significant asset, the moat is considered narrow due to the increasing competition in the digital news landscape. The proliferation of online news sources and the rise of social media have lowered the barriers to entry for new competitors, making it more challenging for NYT to maintain its dominant position. Furthermore, the ease with which consumers can access news from multiple sources reduces the switching costs associated with subscribing to The New York Times.
The company's investment in high-quality journalism is another key component of its moat. By consistently producing original and insightful reporting, NYT attracts and retains subscribers who value in-depth analysis and investigative journalism. However, maintaining this level of quality requires significant investment in editorial resources, which can be a costly endeavor.
While NYT benefits from some network effects, particularly through its online community and interactive features, these effects are not strong enough to create a wide moat. The company's ability to leverage its brand and journalism to attract and retain subscribers will be crucial to defending its competitive position in the years ahead. However, the increasing competition and the evolving media landscape suggest that the moat is unlikely to widen significantly.
Financial Health & Profitability
The New York Times Company demonstrates solid financial health, characterized by consistent revenue growth and improving profitability. The company's transition to a digital subscription model has been a key driver of its financial performance, with digital subscriptions now accounting for a significant portion of its revenue. The company's revenue has grown steadily over the past few years, from $2.43 billion in FY2023 to $2.82 billion in FY2025, representing a compound annual growth rate (CAGR) of approximately 7.7%. This growth is significantly higher than the sector average of 3.1%.
The company's margins have also improved in recent years, reflecting the benefits of its digital transformation. The operating margin has increased from 11.4% in FY2023 to 15.3% in FY2025, indicating improved efficiency and cost management. The net margin has also shown improvement, from 9.6% in FY2023 to 12.2% in FY2025. Compared to the sector averages, NYT's operating and net margins are significantly higher, indicating superior profitability.
The company's balance sheet is relatively strong, with a current ratio of 1.54, indicating sufficient liquidity to meet its short-term obligations. While specific free cash flow data is unavailable, the company's consistent profitability suggests that it is generating healthy cash flow from operations. The company's debt-to-equity ratio of 47.00 is lower than the sector average of 80.00, indicating a conservative capital structure.
Looking at the quarterly financial history, the company has consistently generated positive net income and EPS. The revenue has shown a steady upward trend, with each quarter generally exceeding the corresponding quarter in the previous year. The operating margin has also remained relatively stable, indicating consistent profitability. Overall, the company's financial health appears to be strong, supported by its successful digital transformation and its ability to generate consistent revenue and profits.
Valuation Assessment
The New York Times Company's valuation appears stretched relative to its growth prospects and sector peers. The company's P/E ratio of 38.4x is significantly higher than the sector average of 26.0x, suggesting that the market has high expectations for future earnings growth. Similarly, the company's EV/EBITDA multiple of 7.6x is also higher than the sector average of 5.0x, indicating that the company is trading at a premium to its peers.
While the company has demonstrated strong revenue growth and improving profitability, the current valuation may already reflect much of the expected future growth. The company's digital subscription model has been successful in driving revenue growth, but the rate of subscriber growth may slow down in the future as the market becomes more saturated. Furthermore, the company faces increasing competition from other news organizations and digital content providers, which could put pressure on its pricing and margins.
Given the high valuation multiples, the stock may be considered overvalued at the current price. While the company's strong brand and loyal subscriber base provide a solid foundation, the limited upside potential suggests that investors should remain cautious. A more attractive entry point may be warranted if the stock price declines or if the company's growth prospects improve significantly.
A discounted cash flow (DCF) analysis, if free cash flow data were available, would provide a more comprehensive assessment of the company's intrinsic value. However, based on the available data, the current valuation appears to be pricing in a significant amount of future growth, which may not be sustainable in the long run.
Risk & Uncertainty
The New York Times Company faces several specific risks that could impact its future performance. One key risk is the increasing competition in the digital news landscape. The proliferation of online news sources and the rise of social media have made it more challenging for NYT to attract and retain subscribers. The company must continue to invest in high-quality journalism and innovative product offerings to differentiate itself from its competitors.
Another risk is the potential for a slowdown in subscriber growth. While the company has been successful in growing its digital subscription base, the rate of growth may slow down in the future as the market becomes more saturated. The company must find new ways to attract and retain subscribers, such as expanding its product offerings or targeting new markets.
The company also faces risks related to its brand reputation. Any negative publicity or ethical lapses could damage the company's brand and erode subscriber trust. The company must maintain its commitment to journalistic integrity and ethical standards to protect its brand reputation.
Finally, the company faces risks related to its cost structure. The company must manage its costs effectively to maintain its profitability. This includes controlling its editorial costs, as well as its marketing and technology expenses. Any significant increase in costs could put pressure on the company's margins.
Bulls Say / Bears Say
The Bull Case
BULL VIEWThe New York Times' successful transition to a digital subscription model has created a recurring revenue stream and positioned the company for long-term growth.
BULL VIEWThe company's strong brand and commitment to quality journalism provide a competitive advantage and allow it to command a premium price for its subscriptions.
BULL VIEWNYT's expansion into adjacent markets like games and cooking diversifies revenue streams and attracts new subscribers, enhancing its overall growth potential.
The Bear Case
BEAR VIEWThe New York Times' high valuation multiples suggest that the market has already priced in much of the expected future growth, limiting upside potential.
BEAR VIEWIncreasing competition in the digital news landscape could put pressure on the company's pricing and margins, making it difficult to sustain its current growth rate.
BEAR VIEWA slowdown in subscriber growth or a decline in advertising revenue could negatively impact the company's financial performance and lead to a re-rating of the stock.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score NYT and 4,400+ other equities.
NEW YORK TIMES CO exhibits a 470% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
9.3%
Sector: -0.0%
Gross Margin
Pricing power and cost efficiency
50.2%
Sector: 56.4%
Operating Margin
Core business profitability
12.9%
Sector: 0.4%
Net Margin
Bottom-line profitability
10.4%
Sector: -0.9%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield0.00%
Yield Delta—
Income Projection audit
A $10,000 investment would generate approximately $108 annually in dividends at the current trailing rate.
