Gannett Co Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Gannett Co has an operating margin of -1.7%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 3.2% the prior year.
Gannett Co's revenue declined 5.8% year-over-year, from $2.7B to $2.5B. This contraction results in a growth score of 12/100.
Gannett Co has elevated debt relative to equity (D/E of 6.57), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Gannett Co's current ratio of 0.78 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 11/100, which could limit financial flexibility.
Gannett Co's free cash flow margin of 2.0% results in a low score of 10/100. Capital expenditures of $49.5M absorb a large share of operating cash flow.
Gannett Co passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Gannett Co generates $-3.81 in operating cash flow ($100.3M OCF vs -$26.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Gannett Co earns $-0.4 in operating income for every $1 of interest expense (-$42.8M vs $104.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Gannett Co (GCI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Gannett Co generated $2.5B in revenue in fiscal year 2024. This represents a decrease of 5.8% from the prior year.
Gannett Co's EBITDA was $113.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 54.4% from the prior year.
Gannett Co generated $50.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 10.1% from the prior year.
Gannett Co reported -$26.4M in net income in fiscal year 2024. This represents an increase of 5.2% from the prior year.
Gannett Co earned $-0.18 per diluted share (EPS) in fiscal year 2024. This represents an increase of 10.0% from the prior year.
Gannett Co held $106.3M in cash against $1.0B in long-term debt as of fiscal year 2024.
Gannett Co had 147M shares outstanding in fiscal year 2024. This represents a decrease of 1.1% from the prior year.
Gannett Co's gross margin was 38.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.9 percentage points from the prior year.
Gannett Co's operating margin was -1.7% in fiscal year 2024, reflecting core business profitability. This is down 5.0 percentage points from the prior year.
Gannett Co's net profit margin was -1.1% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.0 percentage points from the prior year.
Gannett Co spent $3.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 18.9% from the prior year.
Gannett Co invested $49.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 30.0% from the prior year.
GCI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $560.8M-4.1% | $584.9M+2.3% | $571.6M-8.0% | $621.3M-2.9% | $639.8M+0.6% | $635.8M-5.0% | $669.4M+2.5% | $652.9M |
| Cost of Revenue | $352.3M-2.0% | $359.4M+0.8% | $356.6M-5.1% | $375.8M-4.0% | $391.5M-2.7% | $402.4M-4.1% | $419.6M+0.9% | $416.1M |
| Gross Profit | $208.5M-7.5% | $225.4M+4.9% | $215.0M-12.4% | $245.5M-1.2% | $248.4M+6.4% | $233.4M-6.6% | $249.8M+5.5% | $236.8M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $153.7M-6.3% | $164.1M-4.4% | $171.6M-10.2% | $191.2M+7.5% | $177.9M-1.4% | $180.5M-2.9% | $185.9M+0.5% | $184.9M |
| Operating Income | N/A | N/A | $9.8M+60.2% | $6.1M-12.4% | $7.0M+114.0% | -$49.9M-379.3% | $17.9M-48.9% | $34.9M |
| Interest Expense | $23.8M-2.3% | $24.4M-6.5% | $26.1M+0.7% | $25.9M-1.4% | $26.3M-1.1% | $26.6M-1.5% | $27.0M-3.4% | $27.9M |
| Income Tax | $17.6M+120.2% | -$87.5M-1183.7% | -$6.8M+75.8% | -$28.1M-5.0% | -$26.8M-366.0% | $10.1M-53.3% | $21.6M+33.7% | $16.1M |
| Net Income | -$39.2M-150.1% | $78.4M+1169.0% | -$7.3M-111.4% | $64.3M+367.8% | $13.7M+116.2% | -$84.8M-270.3% | -$22.9M-792.1% | -$2.6M |
| EPS (Diluted) | $-0.27-164.3% | $0.42+940.0% | $-0.05-110.6% | $0.47+422.2% | $0.09+115.0% | $-0.60-275.0% | $-0.16-700.0% | $-0.02 |
GCI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B-4.3% | $2.0B+3.0% | $2.0B-4.3% | $2.0B-0.6% | $2.1B-1.7% | $2.1B-4.2% | $2.2B-3.0% | $2.2B |
| Current Assets | $366.1M-6.8% | $392.8M+1.3% | $387.8M-9.0% | $425.9M+1.9% | $418.0M-1.8% | $425.8M-4.2% | $444.2M-4.2% | $463.6M |
| Cash & Equivalents | $75.2M-15.0% | $88.5M+3.1% | $85.9M-19.2% | $106.3M+7.5% | $98.9M+5.9% | $93.3M-6.8% | $100.2M-8.3% | $109.2M |
| Inventory | $13.2M-15.8% | $15.7M-16.1% | $18.7M-10.4% | $20.9M-6.8% | $22.4M-5.1% | $23.6M-11.8% | $26.8M-10.4% | $29.9M |
| Accounts Receivable | $220.1M-2.8% | $226.5M+1.6% | $223.0M-6.9% | $239.6M-0.8% | $241.6M-1.0% | $244.1M-8.3% | $266.1M+3.5% | $257.0M |
| Goodwill | $518.7M-0.1% | $519.0M+0.2% | $518.1M-2.3% | $530.0M-0.7% | $533.7M0.0% | $533.7M0.0% | $533.9M+0.1% | $533.3M |
| Total Liabilities | $1.7B-2.4% | $1.8B-1.6% | $1.8B-4.5% | $1.9B+4.6% | $1.8B-2.8% | $1.9B-0.4% | $1.9B-3.1% | $1.9B |
| Current Liabilities | $528.5M-2.3% | $541.0M+0.9% | $535.9M-1.8% | $545.6M+3.4% | $527.6M-1.7% | $537.0M+0.7% | $533.5M-4.9% | $561.2M |
| Long-Term Debt | $902.5M-1.9% | $919.6M-2.2% | $940.2M-6.5% | $1.0B+5.3% | $954.6M-1.6% | $969.7M-1.1% | $980.8M-1.3% | $993.3M |
| Total Equity | $194.0M-18.2% | $237.1M+57.9% | $150.1M-2.0% | $153.1M-38.7% | $249.8M+7.0% | $233.5M-26.5% | $317.8M-2.7% | $326.5M |
| Retained Earnings | -$1.0B-4.0% | -$982.5M+7.4% | -$1.1B-0.7% | -$1.1B+4.1% | -$1.1B+1.2% | -$1.1B-8.3% | -$1.0B-2.3% | -$1.0B |
GCI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.2M-53.4% | $32.6M+39.7% | $23.3M+159.3% | $9.0M-74.4% | $35.1M+56.5% | $22.5M+6.1% | $21.2M+2.5% | $20.6M |
| Capital Expenditures | $10.3M-31.6% | $15.1M+11.2% | $13.5M+5.6% | $12.8M+31.9% | $9.7M-25.2% | $13.0M+54.6% | $8.4M-36.6% | $13.3M |
| Free Cash Flow | $4.9M-72.2% | $17.5M+79.2% | $9.8M+354.4% | -$3.8M-115.1% | $25.4M+168.7% | $9.5M-25.9% | $12.7M+72.9% | $7.4M |
| Investing Cash Flow | -$10.2M-45.1% | -$7.0M-120.2% | $34.8M+419.9% | -$10.9M-183.5% | -$3.8M+69.1% | -$12.4M-75.3% | -$7.1M-118.1% | $39.1M |
| Financing Cash Flow | -$18.5M+22.1% | -$23.8M+69.6% | -$78.4M-2243.7% | $3.7M+114.5% | -$25.3M-38.6% | -$18.2M+19.2% | -$22.6M+61.3% | -$58.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $303K-89.0% | $2.8M | $0-100.0% | $571K-77.4% | $2.5M | $0-100.0% | $20K |
GCI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.2%-1.4pp | 38.5%+0.9pp | 37.6%-1.9pp | 39.5%+0.7pp | 38.8%+2.1pp | 36.7%-0.6pp | 37.3%+1.0pp | 36.3% |
| Operating Margin | N/A | N/A | 1.7%+0.7pp | 1.0%-0.1pp | 1.1%+8.9pp | -7.8%-10.5pp | 2.7%-2.7pp | 5.3% |
| Net Margin | -7.0%-20.4pp | 13.4%+14.7pp | -1.3%-11.6pp | 10.3%+8.2pp | 2.1%+15.5pp | -13.3%-9.9pp | -3.4%-3.0pp | -0.4% |
| Return on Equity | N/A | 33.1% | N/A | 42.0%+36.5pp | 5.5% | N/A | N/A | N/A |
| Return on Assets | -2.0%-5.9pp | 3.9%+4.3pp | -0.4%-3.5pp | 3.1%+2.5pp | 0.7%+4.7pp | -4.1%-3.0pp | -1.1%-0.9pp | -0.1% |
| Current Ratio | 0.69-0.0 | 0.730.0 | 0.72-0.1 | 0.78-0.0 | 0.790.0 | 0.79-0.0 | 0.830.0 | 0.83 |
| Debt-to-Equity | 4.65+0.8 | 3.88-2.4 | 6.26-0.3 | 6.57+2.7 | 3.82-0.3 | 4.15+1.1 | 3.09+0.0 | 3.04 |
| FCF Margin | 0.9%-2.1pp | 3.0%+1.3pp | 1.7%+2.3pp | -0.6%-4.6pp | 4.0%+2.5pp | 1.5%-0.4pp | 1.9%+0.8pp | 1.1% |
Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Gannett Co's annual revenue?
Gannett Co (GCI) reported $2.5B in total revenue for fiscal year 2024. This represents a -5.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Gannett Co's revenue growing?
Gannett Co (GCI) revenue declined by 5.8% year-over-year, from $2.7B to $2.5B in fiscal year 2024.
Is Gannett Co profitable?
No, Gannett Co (GCI) reported a net income of -$26.4M in fiscal year 2024, with a net profit margin of -1.1%.
What is Gannett Co's earnings per share (EPS)?
Gannett Co (GCI) reported diluted earnings per share of $-0.18 for fiscal year 2024. This represents a 10.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Gannett Co's EBITDA?
Gannett Co (GCI) had EBITDA of $113.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Gannett Co have?
As of fiscal year 2024, Gannett Co (GCI) had $106.3M in cash and equivalents against $1.0B in long-term debt.
What is Gannett Co's gross margin?
Gannett Co (GCI) had a gross margin of 38.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Gannett Co's operating margin?
Gannett Co (GCI) had an operating margin of -1.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Gannett Co's net profit margin?
Gannett Co (GCI) had a net profit margin of -1.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Gannett Co's free cash flow?
Gannett Co (GCI) generated $50.8M in free cash flow during fiscal year 2024. This represents a -10.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Gannett Co's operating cash flow?
Gannett Co (GCI) generated $100.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Gannett Co's total assets?
Gannett Co (GCI) had $2.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Gannett Co's capital expenditures?
Gannett Co (GCI) invested $49.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Gannett Co buy back shares?
Yes, Gannett Co (GCI) spent $3.1M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Gannett Co have outstanding?
Gannett Co (GCI) had 147M shares outstanding as of fiscal year 2024.
What is Gannett Co's current ratio?
Gannett Co (GCI) had a current ratio of 0.78 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Gannett Co's debt-to-equity ratio?
Gannett Co (GCI) had a debt-to-equity ratio of 6.57 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Gannett Co's return on assets (ROA)?
Gannett Co (GCI) had a return on assets of -1.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Gannett Co's Piotroski F-Score?
Gannett Co (GCI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Gannett Co's earnings high quality?
Gannett Co (GCI) has an earnings quality ratio of -3.81x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Gannett Co cover its interest payments?
Gannett Co (GCI) has an interest coverage ratio of -0.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Gannett Co?
Gannett Co (GCI) scores 7 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.