What is SALEM MEDIA GROUP INC A's earnings per share (EPS)?

SALEM MEDIA GROUP INC A (SALM) reported diluted earnings per share of -$0.12 for fiscal year 2022. This represents a -107.9% 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.

SALEM MEDIA GROUP INC A (SALM) Financials

SALM

Trailing 12 months to September 30, 2023

Revenue $261.6M -2.1% YoY

Net Income -$45.8M -389.4% YoY

EPS (Diluted) -$1.68 -400.0% YoY

Operating Cash Flow -$3.8M -121.1% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2023, ended Sep 30, 2023 Reported Nov 13, 2023 Currency USD FYE December

Newest figures come from the 10-Q for Q3 FY2023, filed Nov 13, 2023. Each column of the statement tables below links to the filing it was taken from.

SALEM MEDIA GROUP INC A (SALM) reported $261.6M in revenue over the twelve months to Sep 30, 2023, down 2.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

Rhea AI SALM FY2022 2026-10-03

Accounting profits are volatile, and the business does not consistently convert revenue into operating cash.

In FY2021, net income reached $41.5M while operating cash flow was only $22.5M. In FY2022, the income statement swung to a net loss of $3.2M as operating cash flow fell to $7.7M, showing that reported earnings have not been a dependable proxy for cash generation.

Long-term debt fell from $170.6M in FY2021 to $150.4M in FY2022, reducing the balance sheet's reliance on borrowing. That deleveraging did not improve near-term flexibility: debt-to-equity was 0.9x while the current ratio was 0.7x in FY2022, leaving short-term obligations larger than current assets.

Revenue was broadly stable across FY2021 and FY2022, yet operating margin fell from 17.9% to 1.9%. With EBITDA also dropping from $59.1M to $17.8M, the near-flat sales base did not carry through to operating profit, pointing to a cost structure or revenue mix that can absorb most of the business's revenue.

Financial Health Signals

Financial health score not available

SALEM MEDIA GROUP INC A does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

0.46

SALEM MEDIA GROUP INC A scores 0.46, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

4/7

SALEM MEDIA GROUP INC A passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

N/A

SALEM MEDIA GROUP INC A reported a net loss of $3.2M while generating $7.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk

0.39x

SALEM MEDIA GROUP INC A earns $0.39 in operating income for every $1 of interest expense ($5.2M vs $13.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$63.5M

YoY-5.0%

QoQ-3.5%

5Y CAGR-0.6%

10Y CAGR+0.8%

SALEM MEDIA GROUP INC A generated $63.5M in revenue in Q3 2023. This represents a decrease of 5.0% from the same quarter a year earlier. Against the prior quarter it is down 3.5%.

EBITDA

-$32.9M

YoY-473.3%

QoQ-5226.3%

SALEM MEDIA GROUP INC A's EBITDA was -$32.9M in Q3 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 473.3% from the same quarter a year earlier. Against the prior quarter it is down 5226.3%.

Net Income

-$31.3M

YoY-163.3%

QoQ-341.2%

SALEM MEDIA GROUP INC A reported -$31.3M in net income in Q3 2023. This represents a decrease of 163.3% from the same quarter a year earlier. Against the prior quarter it is down 341.2%.

EPS (Diluted)

-$1.15

YoY-161.4%

QoQ-342.3%

SALEM MEDIA GROUP INC A earned -$1.15 per diluted share (EPS) in Q3 2023. This represents a decrease of 161.4% from the same quarter a year earlier. Against the prior quarter it is down 342.3%.

Cash & Balance Sheet

Cash & Debt

YoY-100.0%

QoQ-100.0%

SALEM MEDIA GROUP INC A held $0 in cash against $152.6M in long-term debt as of Q3 2023.

Shares Outstanding

Diluted avg 27M

SALEM MEDIA GROUP INC A had a weighted average of 27M diluted shares in Q3 2023; the shares outstanding count is not reported for that period.

Free Cash Flow

Not reported for Q3 2023.

Dividends Per Share

Not reported for Q3 2023.

Margins & Returns

Operating Margin

-57.1%

YoY-44.0pp

QoQ-50.9pp

5Y change-66.7pp

10Y change-72.5pp

SALEM MEDIA GROUP INC A's operating margin was -57.1% in Q3 2023, reflecting core business profitability. This is down 44.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 50.9 percentage points.

Net Margin

-49.3%

YoY-31.5pp

QoQ-38.5pp

5Y change-51.1pp

10Y change-58.4pp

SALEM MEDIA GROUP INC A's net profit margin was -49.3% in Q3 2023, showing the share of revenue converted to profit. This is down 31.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 38.5 percentage points.

Return on Equity

-23.7%

YoY-17.0pp

QoQ-19.3pp

5Y change-24.2pp

10Y change-26.4pp

SALEM MEDIA GROUP INC A's ROE was -23.7% in Q3 2023, measuring profit generated per dollar of shareholder equity. This is down 17.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 19.3 percentage points.

Gross Margin

Not reported for Q3 2023.

Capital Allocation

None of these metrics is reported for Q3 2023.

SALM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SALM quarterly income statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K
Revenue	$261.6M	$267.0M+3.4%	$258.2M+9.3%	$236.2M-7.0%	$253.9M-3.4%	$262.8M-0.4%	$263.7M-3.9%	$274.3M+3.2%	$265.8M-0.3%	$266.5M+12.5%	$236.9M+3.4%	$229.2M+5.0%	$218.2M+5.7%	$206.5M+3.6%	$199.2M
SG&A Expenses	$18.3M	$18.6M+6.1%	$17.5M+8.0%	$16.2M+1.6%	$15.9M+1.6%	$15.7M-3.5%	$16.3M+8.4%	$15.0M-1.0%	$15.1M-11.4%	$17.1M+6.3%	$16.1M+11.7%	$14.4M-17.8%	$17.5M+5.4%	$16.6M+18.6%	$14.0M
Operating Income	-$42.9M	$5.2M-88.9%	$46.2M+696.4%	-$7.8M+5.5%	-$8.2M-148.3%	$17.0M-26.2%	$23.0M-18.2%	$28.1M-15.0%	$33.0M+15.4%	$28.6M-17.1%	$34.5M+13.3%	$30.5M-27.4%	$42.0M+14.6%	$36.6M+381.9%	$7.6M
EBITDA	N/A	$17.8M-69.9%	$59.1M+837.1%	$6.3M-18.5%	$7.7M-78.0%	$35.2M-11.9%	$39.9M-11.9%	$45.4M-10.7%	$50.8M+7.0%	$47.4M-4.7%	$49.8M+10.3%	$45.1M-20.8%	$57.0M+11.2%	$51.2M+125.4%	$22.7M
Interest Expense	$13.7M	$13.1M-17.3%	$15.8M-1.7%	$16.1M-8.1%	$17.5M-4.5%	$18.3M+9.7%	$16.7M+11.8%	$14.9M-3.2%	$15.4M-3.5%	$16.0M-5.3%	$16.9M-32.2%	$24.9M-10.0%	$27.7M-8.7%	$30.3M+50.9%	$20.1M
Income Tax	-$10.8M	-$392K+48.4%	-$759K-102.5%	$30.3M+661.2%	$4.0M+60.8%	$2.5M+111.8%	-$20.9M-556.5%	$4.6M-31.7%	$6.7M+40.5%	$4.8M+213.7%	-$4.2M-2839.9%	$153K-97.5%	$6.1M+126.7%	$2.7M+164.0%	-$4.2M
Net Income	-$45.8M	-$3.2M-107.8%	$41.5M+176.8%	-$54.1M-94.2%	-$27.8M-772.1%	-$3.2M-113.0%	$24.6M+177.7%	$8.9M-20.4%	$11.2M+103.7%	$5.5M+300.1%	-$2.7M-161.8%	$4.4M-21.2%	$5.6M+190.8%	$1.9M+123.1%	-$8.3M
EPS (Basic)	N/A	-$0.12-107.8%	$1.54+175.9%	-$2.03-93.3%	-$1.05-775.0%	-$0.12-112.8%	$0.94+176.5%	$0.34-20.9%	$0.43+104.8%	$0.21+290.9%	-$0.11-161.1%	$0.18-21.7%	$0.23+187.5%	$0.08+122.9%	-$0.35
EPS (Diluted)	-$1.68	-$0.12-107.9%	$1.52+174.9%	-$2.03-93.3%	-$1.05-775.0%	-$0.12-112.8%	$0.94+176.5%	$0.34-20.9%	$0.43+104.8%	$0.21+290.9%	-$0.11-161.1%	$0.18-21.7%	$0.23+187.5%	$0.08+122.9%	-$0.35
Diluted Shares (Avg)	N/A	27M-0.3%	27M+2.3%	27M+0.7%	27M+1.2%	26M-1.0%	26M+1.5%	26M+0.6%	26M-0.7%	26M+4.6%	25M-0.2%	25M+1.2%	25M+0.1%	25M+3.6%	24M

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Revenue	$63.5M-5.0%	$65.8M-4.2%	$63.5M+1.4%	$68.8M-0.5%	$66.9M+1.3%	$68.7M+7.7%	$62.6M+5.5%	$69.1M+7.2%
SG&A Expenses	$4.5M-6.7%	$4.7M-2.6%	$5.0M+3.9%	$4.1M-12.6%	$4.8M+13.0%	$4.8M+14.1%	$4.8M+12.2%	$4.7M+10.1%
Operating Income	-$36.3M-313.1%	-$4.1M-156.0%	-$4.2M-184.0%	$1.6M-92.0%	-$8.8M-155.6%	$7.3M+29.9%	$5.0M+14.2%	$20.5M+220.0%
EBITDA	-$32.9M-473.3%	-$617K-105.9%	-$787K-109.5%	$4.7M-79.9%	-$5.7M-130.2%	$10.5M+18.0%	$8.3M+9.6%	$23.6M+143.5%
Interest Expense	$3.6M+15.4%	$3.5M+4.4%	$3.4M+1.1%	$3.1M-19.9%	$3.1M-22.0%	$3.4M-13.9%	$3.4M-13.6%	$3.9M-2.3%
Income Tax	-$8.8M-14984.7%	-$561K+48.2%	-$2.3M-978.7%	$842K+168.0%	$59K-93.0%	-$1.1M-121.7%	-$211K-262.3%	-$1.2M-36.6%
Net Income	-$31.3M-163.3%	-$7.1M-177.8%	-$5.2M-396.4%	-$2.2M-113.1%	-$11.9M-153.8%	$9.1M+303.9%	$1.7M+438.4%	$16.8M+406.0%
EPS (Basic)	-$1.15-161.4%	-$0.26-178.8%	-$0.19-416.7%	-$0.08-112.9%	-$0.44-153.7%	$0.33+312.5%	$0.06+500.0%	$0.62+416.7%
EPS (Diluted)	-$1.15-161.4%	-$0.26-178.8%	-$0.19-416.7%	-$0.08-113.1%	-$0.44-154.3%	$0.33+312.5%	$0.06+500.0%	$0.61+408.3%
Diluted Shares (Avg)	27M0.0%	27M-1.3%	27M-1.4%	N/A	27M-0.2%	28M+1.2%	28M+1.7%	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.

SALM Balance Sheet

SALM quarterly balance sheet

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K
Total Assets	$505.1M-2.1%	$516.1M-1.6%	$524.6M-6.1%	$558.4M-0.1%	$559.0M-2.4%	$572.8M-3.0%	$590.3M-1.0%	$596.2M+2.2%	$583.2M+1.4%	$575.1M+2.3%	$562.2M+0.2%	$561.3M-2.3%	$574.5M	N/A
Current Assets	$45.1M+8.5%	$41.5M-9.4%	$45.8M+9.8%	$41.7M-4.4%	$43.6M-6.6%	$46.7M-14.3%	$54.5M-5.9%	$58.0M+6.6%	$54.4M+6.5%	$51.0M+5.7%	$48.3M+15.1%	$42.0M+2.5%	$41.0M	N/A
Cash & Equivalents	$0-100.0%	$1.8M-71.8%	$6.3M+105316.7%	$6K-94.9%	$117K+3800.0%	$3K-97.7%	$130K+32.7%	$98K+197.0%	$33K-49.2%	$65K-82.9%	$380K+467.2%	$67K-91.9%	$828K-90.7%	$8.9M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.5M+57.6%	$960K+93.9%	$495K-31.0%	$717K+5.9%	$677K-7.3%	$730K+9.0%	$670K-25.0%	$893K+56.1%	$572K	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$30.8M+19.8%	$25.7M+4.9%	$24.5M-20.6%	$30.8M-6.7%	$33.0M+1.5%	$32.5M-12.7%	$37.3M+0.2%	$37.2M+6.9%	$34.8M-7.6%	$37.6M+7.5%	$35.0M+12.9%	$31.0M+6.3%	$29.2M	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$24.1M+0.4%	$24.0M+1.0%	$23.8M-1.0%	$24.0M-10.4%	$26.8M+1.4%	$26.4M+3.2%	$25.6M+4.3%	$24.6M-0.5%	$24.7M+10.3%	$22.4M0.0%	$22.4M+11.4%	$20.1M+11.0%	$18.1M	N/A
Total Liabilities	$329.8M-2.4%	$337.9M-13.2%	$389.3M+5.6%	$368.8M+9.4%	$337.2M-1.3%	$341.5M-9.9%	$379.1M-1.9%	$386.3M+1.9%	$379.2M+1.6%	$373.3M+4.8%	$356.1M-0.6%	$358.3M-5.2%	$378.1M	N/A
Current Liabilities	$64.6M+25.6%	$51.5M+1.2%	$50.9M-4.3%	$53.1M+0.5%	$52.9M+25.5%	$42.1M+7.7%	$39.1M-12.6%	$44.8M+12.7%	$39.8M+25.1%	$31.8M-38.3%	$51.5M+41.0%	$36.5M+60.1%	$22.8M	N/A
Non-Current Liabilities	$265.2M-7.4%	$286.4M-15.4%	$338.4M+7.2%	$315.6M+11.0%	$284.3M-5.0%	$299.4M-11.9%	$339.9M-0.5%	$341.5M+0.6%	$339.4M-0.6%	$341.5M+12.1%	$304.6M-5.3%	$321.7M-9.4%	$355.3M	N/A
Long-Term Debt	$150.4M-11.9%	$170.6M-20.2%	$213.8M-1.2%	$216.5M-7.5%	$234.0M-6.2%	$249.6M-4.4%	$261.1M-3.0%	$269.1M-2.4%	$275.6M-4.2%	$287.7M+15.6%	$248.9M-6.3%	$265.7M-12.7%	$304.4M	N/A
Total Equity	$175.4M-1.6%	$178.2M+31.7%	$135.3M-28.7%	$189.7M-14.5%	$221.9M-4.1%	$231.3M+9.5%	$211.2M+1.9%	$207.2M+2.9%	$201.5M-0.2%	$201.8M-2.1%	$206.1M+1.5%	$203.0M+3.4%	$196.4M-0.4%	$197.2M
Retained Earnings	-$39.7M-8.9%	-$36.5M+53.2%	-$78.0M-434.9%	$23.3M+124.6%	$10.4M-49.1%	$20.4M+709.6%	$2.5M+683.8%	$321K+107.6%	-$4.2M-104.5%	-$2.1M-135.4%	$5.8M+21.1%	$4.8M+700.5%	-$802K	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Total Assets	$471.3M-7.1%	$507.2M-1.6%	$513.3M-2.0%	$505.1M-2.1%	$507.1M-5.8%	$515.3M-3.1%	$523.7M-1.9%	$516.1M-1.6%
Current Assets	$53.8M+14.6%	$46.1M-3.4%	$44.0M+1.4%	$45.1M+8.5%	$47.0M-26.5%	$47.7M-15.5%	$43.3M-25.4%	$41.5M-9.4%
Cash & Equivalents	$0-100.0%	$2K-99.9%	$3K	$0-100.0%	$838K-96.5%	$2.5M-87.2%	$0-100.0%	$1.8M-71.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$1.4M-5.1%	$1.3M-14.4%	$1.7M+24.6%	$1.5M+57.6%	$1.5M+60.6%	$1.5M+112.5%	$1.4M+133.2%	$960K+93.9%
Accounts Receivable	$29.6M-2.8%	$29.5M+0.9%	$28.5M+1.7%	$30.8M+19.8%	$30.4M+24.5%	$29.3M+19.1%	$28.0M+21.9%	$25.7M+4.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$22.8M-4.6%	$23.5M-1.5%	$25.3M+5.7%	$24.1M+0.4%	$23.9M-0.5%	$23.9M+0.3%	$24.0M+1.0%	$24.0M+1.0%
Total Liabilities	$339.1M+2.9%	$343.9M+5.5%	$343.0M-0.1%	$329.8M-2.4%	$329.6M-12.7%	$325.9M-17.2%	$343.5M-13.7%	$337.9M-13.2%
Current Liabilities	$81.4M+36.2%	$77.8M+38.5%	$76.0M+33.3%	$64.6M+25.6%	$59.8M+23.6%	$56.2M+18.6%	$57.0M+15.7%	$51.5M+1.2%
Non-Current Liabilities	$257.7M-4.5%	$266.1M-1.4%	$267.0M-6.8%	$265.2M-7.4%	$269.8M-18.1%	$269.8M-22.1%	$286.5M-17.8%	$286.4M-15.4%
Long-Term Debt	$152.6M-2.0%	$152.3M-2.1%	$152.0M-9.7%	$150.4M-11.9%	$155.8M-25.3%	$155.6M-30.9%	$168.3M-25.2%	$170.6M-20.2%
Total Equity	$132.2M-25.6%	$163.3M-13.7%	$170.3M-5.5%	$175.4M-1.6%	$177.5M+10.5%	$189.3M+36.8%	$180.2M+32.4%	$178.2M+31.7%
Retained Earnings	-$83.3M-121.9%	-$52.0M-102.7%	-$44.9M-29.1%	-$39.7M-8.9%	-$37.5M+29.6%	-$25.7M+66.0%	-$34.8M+55.3%	-$36.5M+53.2%

SALM Cash Flow Statement

SALM quarterly cash flow statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K
Operating Cash Flow	-$3.8M	$7.7M-65.6%	$22.5M-1.6%	$22.9M+34.3%	$17.0M-25.9%	$23.0M-16.0%	$27.3M-29.7%	$38.9M+7.6%	$36.1M-13.8%	$41.9M+45.9%	$28.7M-7.5%	$31.1M-2.1%	$31.8M+39.2%	$22.8M-42.2%	$39.5M
Depreciation & Amortization	N/A	$12.6M-1.7%	$12.8M-8.7%	$14.1M-11.8%	$15.9M-12.6%	$18.2M+7.5%	$17.0M-1.8%	$17.3M-2.6%	$17.7M-5.8%	$18.8M+23.3%	$15.3M+4.2%	$14.6M-2.2%	$15.0M+2.6%	$14.6M-3.5%	$15.1M
Stock-Based Compensation	N/A	$284K-11.0%	$319K-7.5%	$345K-76.4%	$1.5M+168.9%	$543K-68.4%	$1.7M+195.7%	$582K-24.5%	$771K-51.1%	$1.6M-14.8%	$1.8M+35.2%	$1.4M+44.0%	$950K-33.9%	$1.4M+144.4%	$588K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$10.1M-5.3%	$10.6M+24.4%	$8.5M+13.7%	$7.5M-3.8%	$7.8M+109.6%	$3.7M
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$31.9M+76.0%	$18.1M-19.7%	$22.5M-7.0%	$24.2M+61.6%	$15.0M-58.0%	$35.7M
Investing Cash Flow	-$15.5M	-$898K-107.7%	$11.6M+494.4%	-$2.9M-126.9%	$10.9M+201.9%	-$10.7M-3.7%	-$10.3M+33.2%	-$15.5M+46.9%	-$29.2M	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$18.5M	-$8.6M+77.7%	-$38.6M-184.4%	-$13.6M+51.6%	-$28.1M-131.4%	-$12.1M+29.2%	-$17.1M+26.7%	-$23.3M-239.2%	-$6.9M	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	$0-100.0%	$667K-88.6%	$5.8M-14.4%	$6.8M+0.2%	$6.8M+1.7%	$6.7M+1.0%	$6.6M+6.9%	$6.2M+19.9%	$5.2M+51.2%	$3.4M	N/A	$4.8M	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Operating Cash Flow	$2.0M-10.8%	-$2.9M-182.7%	-$570K-113.2%	-$2.3M-129.3%	$2.2M-51.4%	$3.5M+248.7%	$4.3M-53.1%	$7.7M+2734.4%
Depreciation & Amortization	$3.4M+12.3%	$3.5M+9.8%	$3.4M+3.6%	$3.1M-1.5%	$3.1M-4.7%	$3.2M-2.6%	$3.3M+3.3%	$3.2M-6.4%
Stock-Based Compensation	$129K+138.9%	$136K+100.0%	$75K-29.2%	N/A	$54K-30.8%	$68K-19.0%	$106K+35.9%	N/A
Investing Cash Flow	-$1.5M+60.3%	$822K-93.8%	-$9.5M-94.9%	-$5.3M-160.3%	-$3.9M-165.1%	$13.2M+392.8%	-$4.9M-473.9%	$8.8M+952.1%
Financing Cash Flow	-$432K-1500.0%	$2.1M+114.6%	$10.1M+924.5%	$6.8M+117.5%	-$27K+99.6%	-$14.1M-44075.0%	-$1.2M-118.6%	-$38.6M-231.4%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

SALM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SALM quarterly financial ratios

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K	FY0910-K
Operating Margin	1.9%-16.0pp	17.9%+21.2pp	-3.3%-0.1pp	-3.2%-9.7pp	6.5%-2.2pp	8.7%-1.5pp	10.2%-2.2pp	12.4%+1.7pp	10.7%-3.8pp	14.6%+1.3pp	13.3%-5.9pp	19.3%+1.5pp	17.7%+13.9pp	3.8%
Net Margin	-1.2%-17.3pp	16.1%+39.0pp	-22.9%-11.9pp	-11.0%-9.8pp	-1.2%-10.5pp	9.3%+6.1pp	3.2%-1.0pp	4.2%+2.2pp	2.1%+3.2pp	-1.1%-3.1pp	1.9%-0.6pp	2.6%+1.6pp	0.9%+5.1pp	-4.2%
Return on Equity	-1.8%-25.1pp	23.3%+63.3pp	-40.0%-25.3pp	-14.7%-13.2pp	-1.4%-12.1pp	10.7%+6.5pp	4.2%-1.2pp	5.4%+2.7pp	2.7%+4.1pp	-1.4%-3.5pp	2.1%-0.6pp	2.8%+1.8pp	1.0%+5.2pp	-4.2%
Return on Assets	-0.6%-8.7pp	8.0%+18.4pp	-10.3%-5.3pp	-5.0%-4.4pp	-0.6%-4.9pp	4.3%+2.8pp	1.5%-0.4pp	1.9%+0.9pp	0.9%+1.4pp	-0.5%-1.3pp	0.8%-0.2pp	1.0%+0.7pp	0.3%	N/A
Current Ratio	0.70-0.1x	0.81-0.1x	0.90+0.1x	0.790.0x	0.83-0.3x	1.11-0.3x	1.39+0.1x	1.29-0.1x	1.37-0.2x	1.61+0.7x	0.94-0.2x	1.15-0.6x	1.80	N/A
Debt-to-Equity	0.86-0.1x	0.96-0.6x	1.58+0.4x	1.14+0.1x	1.050.0x	1.08-0.2x	1.24-0.1x	1.30-0.1x	1.37-0.1x	1.43+0.2x	1.21-0.1x	1.31-0.2x	1.55	N/A
Asset Turnover	0.530.0x	0.50+0.1x	0.450.0x	0.450.0x	0.470.0x	0.460.0x	0.460.0x	0.450.0x	0.460.0x	0.410.0x	0.410.0x	0.390.0x	0.36	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	11.9%+4.3pp	7.6%-2.2pp	9.8%-1.3pp	11.1%+3.9pp	7.3%-10.7pp	17.9%

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Operating Margin	-57.1%-44.0pp	-6.2%-16.9pp	-6.6%-14.5pp	2.4%-27.2pp	-13.1%-37.1pp	10.7%+1.8pp	7.9%+0.6pp	29.6%+19.7pp
Net Margin	-49.3%-31.5pp	-10.8%-24.1pp	-8.1%-10.9pp	-3.2%-27.6pp	-17.8%-51.3pp	13.3%+9.7pp	2.8%+2.2pp	24.4%+19.2pp
Return on Equity	-23.7%-17.0pp	-4.3%-9.2pp	-3.0%-4.0pp	-1.3%-10.7pp	-6.7%-20.5pp	4.8%+3.2pp	1.0%+0.7pp	9.4%+7.0pp
Return on Assets	-6.6%-4.3pp	-1.4%-3.2pp	-1.0%-1.3pp	-0.4%-3.7pp	-2.3%-6.5pp	1.8%+1.4pp	0.3%+0.3pp	3.3%+2.6pp
Current Ratio	0.66-0.1x	0.59-0.3x	0.58-0.2x	0.70-0.1x	0.79-0.5x	0.85-0.3x	0.76-0.4x	0.81-0.1x
Debt-to-Equity	1.15+0.3x	0.93+0.1x	0.890.0x	0.86-0.1x	0.88-0.4x	0.82-0.8x	0.93-0.7x	0.96-0.6x
Asset Turnover	0.130.0x	0.130.0x	0.120.0x	0.140.0x	0.130.0x	0.130.0x	0.120.0x	0.130.0x

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

Note: The current ratio is below 1.0 (0.70), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
SALEM MEDIA GROUP INC A SALM	FY2022	$267.0M	-$3.2M	-1.2%	$31.7M	—
CUMULUS MEDIA INC A CMLS	FY2025	$741.7M	-$200.7M	-27.1%	$3.6M	—
TRANSGLOBAL MGMT GRP INC TMGI	FY2026	$990K	-$5.8M	N/A	$54K	—
FREEDOM HLDG INC FHLD	FY2025	$541K	-$1.1M	N/A	$1.8M	—

Where SALEM MEDIA GROUP INC A Ranks

Frequently Asked Questions

What is SALEM MEDIA GROUP INC A's annual revenue?

SALEM MEDIA GROUP INC A (SALM) reported $267.0M in total revenue for fiscal year 2022. This represents a 3.4% 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 SALEM MEDIA GROUP INC A's revenue growing?

SALEM MEDIA GROUP INC A (SALM) revenue grew by 3.4% year-over-year, from $258.2M to $267.0M in fiscal year 2022.

Is SALEM MEDIA GROUP INC A profitable?

No, SALEM MEDIA GROUP INC A (SALM) reported a net income of -$3.2M in fiscal year 2022, with a net profit margin of -1.2%.

What is SALEM MEDIA GROUP INC A's EBITDA?

SALEM MEDIA GROUP INC A (SALM) had EBITDA of $17.8M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does SALEM MEDIA GROUP INC A have?

As of fiscal year 2022, SALEM MEDIA GROUP INC A (SALM) had $0 in cash and equivalents against $150.4M in long-term debt.

What is SALEM MEDIA GROUP INC A's operating margin?

SALEM MEDIA GROUP INC A (SALM) had an operating margin of 1.9% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is SALEM MEDIA GROUP INC A's net profit margin?

SALEM MEDIA GROUP INC A (SALM) had a net profit margin of -1.2% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is SALEM MEDIA GROUP INC A's return on equity (ROE)?

SALEM MEDIA GROUP INC A (SALM) has a return on equity of -1.8% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

What is SALEM MEDIA GROUP INC A's operating cash flow?

SALEM MEDIA GROUP INC A (SALM) generated $7.7M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are SALEM MEDIA GROUP INC A's total assets?

SALEM MEDIA GROUP INC A (SALM) had $505.1M in total assets as of fiscal year 2022, including both current and long-term assets.

What is SALEM MEDIA GROUP INC A's current ratio?

SALEM MEDIA GROUP INC A (SALM) had a current ratio of 0.70 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is SALEM MEDIA GROUP INC A's debt-to-equity ratio?

SALEM MEDIA GROUP INC A (SALM) had a debt-to-equity ratio of 0.86 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SALEM MEDIA GROUP INC A's return on assets (ROA)?

SALEM MEDIA GROUP INC A (SALM) had a return on assets of -0.6% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is SALEM MEDIA GROUP INC A's Altman Z-Score?

SALEM MEDIA GROUP INC A (SALM) has an Altman Z-Score of 0.46, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is SALEM MEDIA GROUP INC A's Piotroski F-Score?

SALEM MEDIA GROUP INC A (SALM) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SALEM MEDIA GROUP INC A's earnings high quality?

SALEM MEDIA GROUP INC A (SALM) reported a net loss of $3.2M while generating $7.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 SALEM MEDIA GROUP INC A cover its interest payments?

SALEM MEDIA GROUP INC A (SALM) has an interest coverage ratio of 0.39x, 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.