What is TEGNA Inc.'s earnings per share (EPS)?

TEGNA Inc. (TGNA) reported diluted earnings per share of $1.34 for fiscal year 2025. This represents a -62.0% 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.

TEGNA Inc. (TGNA) Financials

TGNA

FY2025 annual

Revenue $2.7B -12.6% YoY

Net Income $219.9M -63.3% YoY

EPS (Diluted) $1.34 -62.0% YoY

Free Cash Flow $282.6M -55.3% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2025, ended Dec 31, 2025 Reported Mar 2, 2026 Currency USD FYE December

Newest figures come from the 10-K for FY2025, filed Mar 2, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TGNA SEC filings page.

TEGNA Inc. (TGNA) reported $2.7B in revenue for fiscal year 2025, down 12.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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 TGNA FY2025 2026-10-03

Tegna’s 2025 downturn cut profits and cash generation sharply, while debt reduction continued, making the balance sheet less leveraged but operations less productive.

The cash engine remained more dependable than earnings: FY2025 operating cash flow of $326M exceeded net income of $220M, but both fell materially from FY2024, showing that weaker results reflected real operating pressure rather than merely accounting effects.

The smaller 2025 sales base coincided with operating margin falling from 25.3% to 16.3%; costs therefore absorbed more of each sales dollar, indicating negative operating leverage rather than a simple volume dip. Gross margin also compressed from 43.4% to 36.2%, pointing to pressure before overhead and interest were considered.

Debt fell from $3.1B in FY2024 to $2.5B in FY2025, improving the funding mix even as reported liquidity narrowed. The accompanying financing cash outflow and absence of buybacks suggest capital allocation emphasized balance-sheet reduction over repurchases.

Financial Health Signals

Financial Health Score 55/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of TEGNA Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

TEGNA Inc. has an operating margin of 16.3%, meaning the company retains $16 of operating profit per $100 of revenue. This strong profitability earns a score of 84/100, reflecting efficient cost management and pricing power. This is down from 25.3% the prior year.

Growth

TEGNA Inc.'s revenue declined 12.6% year-over-year, from $3.1B to $2.7B. This contraction results in a growth score of 19/100.

Leverage

TEGNA Inc. has elevated debt relative to equity (D/E of 0.80), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 14/100, reflecting increased financial risk.

Liquidity

With a current ratio of 2.28, TEGNA Inc. holds $2.28 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.

Cash Flow

TEGNA Inc. converts 10.4% of revenue into free cash flow ($282.6M). This strong cash generation earns a score of 78/100.

Returns

TEGNA Inc. earns a strong 7.0% return on equity (ROE), meaning it generates $7 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100. This is down from 20.0% the prior year.

Altman Z-Score Grey Zone

1.87

TEGNA Inc. scores 1.87, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

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

Piotroski F-Score Neutral

4/9

TEGNA Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.48x

For every $1 of reported earnings, TEGNA Inc. generates $1.48 in operating cash flow ($326.0M OCF vs $219.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate

2.80x

TEGNA Inc. earns $2.80 in operating income for every $1 of interest expense ($443.0M vs $158.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue

$706.1M

YoY-18.9%

QoQ+8.5%

5Y CAGR-5.5%

TEGNA Inc. generated $706.1M in revenue in Q4 2025. This represents a decrease of 18.9% from the same quarter a year earlier. Against the prior quarter it is up 8.5%.

EBITDA

$143.6M

YoY-52.6%

QoQ+23.9%

5Y CAGR-19.6%

TEGNA Inc.'s EBITDA was $143.6M in Q4 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 52.6% from the same quarter a year earlier. Against the prior quarter it is up 23.9%.

Net Income

$56.1M

YoY-68.9%

QoQ+51.3%

5Y CAGR-25.5%

TEGNA Inc. reported $56.1M in net income in Q4 2025. This represents a decrease of 68.9% from the same quarter a year earlier. Against the prior quarter it is up 51.3%.

EPS (Diluted)

$0.34

YoY-68.8%

QoQ+47.8%

5Y CAGR-21.1%

10Y CAGR-6.0%

TEGNA Inc. earned $0.34 per diluted share (EPS) in Q4 2025. This represents a decrease of 68.8% from the same quarter a year earlier. Against the prior quarter it is up 47.8%.

Cash & Balance Sheet

Free Cash Flow

$86.8M

YoY-62.9%

QoQ+79.3%

5Y CAGR-20.6%

10Y CAGR-1.2%

TEGNA Inc. generated $86.8M in free cash flow in Q4 2025, representing cash available after capex. This represents a decrease of 62.9% from the same quarter a year earlier. Against the prior quarter it is up 79.3%.

Cash & Debt

$291.2M

YoY-58.0%

QoQ+25.1%

5Y CAGR+48.0%

10Y CAGR+27.3%

TEGNA Inc. held $291.2M in cash against $2.5B in long-term debt as of Q4 2025.

Dividends Per Share

$0.13

YoY-1.0%

QoQ0.0%

5Y CAGR+12.3%

10Y CAGR-1.1%

TEGNA Inc. paid $0.13 per share in dividends in Q4 2025. This represents a decrease of 1.0% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

162M

YoY+1.3%

QoQ+0.5%

5Y CAGR-5.9%

10Y CAGR-3.0%

TEGNA Inc. had 162M shares outstanding in Q4 2025. This represents an increase of 1.3% from the same quarter a year earlier. Against the prior quarter it is up 0.5%.

Margins & Returns

Gross Margin

37.0%

YoY-10.7pp

QoQ+1.9pp

5Y change-20.4pp

TEGNA Inc.'s gross margin was 37.0% in Q4 2025, indicating the percentage of revenue retained after direct costs. This is down 10.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.

Operating Margin

16.9%

YoY-14.7pp

QoQ+2.7pp

5Y change-25.1pp

TEGNA Inc.'s operating margin was 16.9% in Q4 2025, reflecting core business profitability. This is down 14.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.7 percentage points.

Net Margin

8.0%

YoY-12.8pp

QoQ+2.3pp

5Y change-18.1pp

TEGNA Inc.'s net profit margin was 8.0% in Q4 2025, showing the share of revenue converted to profit. This is down 12.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.3 percentage points.

Return on Equity

1.8%

YoY-4.2pp

QoQ+0.6pp

5Y change-10.1pp

TEGNA Inc.'s ROE was 1.8% in Q4 2025, measuring profit generated per dollar of shareholder equity. This is down 4.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.

Capital Allocation

Share Buybacks

YoY-100.0%

TEGNA Inc. repurchased no shares in Q4 2025. This represents a decrease of 100.0% from the same quarter a year earlier.

Capital Expenditures

$20.6M

YoY+27.7%

QoQ+91.7%

5Y CAGR+6.7%

10Y CAGR-7.3%

TEGNA Inc. invested $20.6M in capex in Q4 2025, funding long-term assets and infrastructure. This represents an increase of 27.7% from the same quarter a year earlier. Against the prior quarter it is up 91.7%.

R&D Spending

Not reported for Q4 2025.

TGNA 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.

TGNA quarterly income statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$2.7B-12.6%	$3.1B+6.6%	$2.9B-11.2%	$3.3B+9.6%	$3.0B+1.8%	$2.9B+27.8%	$2.3B+4.2%	$2.2B+16.0%	$1.9B-5.0%	$2.0B+13.6%	$1.8B-32.8%	$2.6B+63.8%	$1.6B-70.1%	$5.4B+2.2%	$5.2B
Cost of Revenue	$1.7B-1.4%	$1.8B+2.2%	$1.7B+1.5%	$1.7B+5.9%	$1.6B+6.4%	$1.5B+22.4%	$1.2B+15.2%	$1.1B+14.2%	$933.7M+17.4%	$795.5M+9.2%	$728.1M-23.8%	$955.0M+44.1%	$662.8M-77.5%	$2.9B-0.6%	$3.0B
Gross Profit	$981.2M-27.1%	$1.3B+12.9%	$1.2B-24.8%	$1.6B+13.9%	$1.4B-2.9%	$1.4B+33.9%	$1.1B-6.1%	$1.1B+17.7%	$969.3M-19.8%	$1.2B+16.6%	$1.0B-38.0%	$1.7B+77.7%	$940.4M-61.0%	$2.4B+5.7%	$2.3B
SG&A Expenses	$379.7M-3.8%	$394.6M-4.2%	$412.0M-0.6%	$414.5M+4.6%	$396.4M+8.4%	$365.6M+11.9%	$326.8M+3.6%	$315.3M+9.7%	$287.4M-13.2%	$331.0M+4.1%	$318.1M-58.5%	$766.9M+44.2%	$531.9M-59.2%	$1.3B+6.5%	$1.2B
Operating Income	$443.0M-43.6%	$784.8M+7.0%	$733.5M-26.0%	$990.6M+23.5%	$802.2M-7.9%	$871.0M+55.8%	$559.0M-20.0%	$698.5M+27.9%	$545.9M-22.9%	$708.2M+12.4%	$630.3M-10.9%	$707.5M+127.6%	$310.9M-60.6%	$789.8M-4.9%	$830.8M
EBITDA	$540.0M-39.9%	$898.3M+6.1%	$846.8M-23.8%	$1.1B+19.5%	$930.1M-7.5%	$1.0B+50.2%	$669.6M-14.7%	$785.3M+26.1%	$622.5M-20.9%	$786.8M+9.7%	$717.0M-16.6%	$859.3M+122.8%	$385.7M-60.8%	$983.8M-4.3%	$1.0B
Interest Expense	$158.4M-6.4%	$169.2M-2.1%	$172.9M-0.6%	$174.0M-6.3%	$185.7M-11.7%	$210.3M+2.3%	$205.5M+7.0%	$192.1M-8.7%	$210.3M-9.4%	$232.0M-15.1%	$273.2M+0.2%	$272.7M+56.0%	$174.8M+16.2%	$150.5M-13.1%	$173.1M
Income Tax	$69.3M-60.1%	$173.9M+33.6%	$130.2M-35.7%	$202.4M+49.4%	$135.5M-12.2%	$154.3M+72.5%	$89.4M-16.7%	$107.4M+178.2%	-$137.2M-197.9%	$140.2M+20.8%	$116.1M-50.5%	$234.5M+1686.9%	$13.1M-93.3%	$195.4M+27.9%	$152.8M
Net Income	$219.9M-63.3%	$599.8M+25.8%	$476.7M-24.4%	$630.5M+32.2%	$477.0M-1.2%	$482.8M+68.7%	$286.2M-29.4%	$405.7M+48.2%	$273.7M-37.3%	$436.7M-5.0%	$459.5M-56.7%	$1.1B+173.3%	$388.7M-8.4%	$424.3M-7.5%	$458.7M
EPS (Basic)	$1.36-61.7%	$3.55+55.0%	$2.29-18.8%	$2.82+31.2%	$2.15-2.3%	$2.20+66.7%	$1.32-29.8%	$1.88+48.0%	$1.27-37.1%	$2.02-1.0%	$2.04-56.5%	$4.69+175.9%	$1.70-7.1%	$1.83-4.7%	$1.92
EPS (Diluted)	$1.34-62.0%	$3.53+54.8%	$2.28-18.9%	$2.81+31.3%	$2.14-2.3%	$2.19+67.2%	$1.31-29.9%	$1.87+48.4%	$1.26-36.7%	$1.99-0.5%	$2.00-56.3%	$4.58+175.9%	$1.66-7.3%	$1.79-5.3%	$1.89
Diluted Shares (Avg)	163M-3.8%	169M-18.6%	208M-7.4%	224M+0.9%	222M+1.2%	220M+0.8%	218M+0.6%	217M-0.4%	217M-1.0%	220M-4.4%	230M-0.9%	232M-1.0%	234M-1.1%	237M-2.5%	243M

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Revenue	$706.1M-18.9%	$650.8M-19.3%	$675.0M-5.0%	$680.0M-4.8%	$870.5M+19.9%	$806.8M+13.1%	$710.4M-2.9%	$714.3M-3.5%
Cost of Revenue	$444.8M-2.4%	$422.1M-3.6%	$422.9M-2.1%	$441.0M+2.4%	$455.6M+7.7%	$437.9M-0.1%	$432.0M+0.4%	$430.6M+0.9%
Gross Profit	$261.3M-37.0%	$228.7M-38.0%	$252.1M-9.4%	$239.1M-15.7%	$414.9M+37.1%	$369.0M+34.2%	$278.3M-7.5%	$283.7M-9.5%
SG&A Expenses	$99.3M-1.2%	$89.9M-7.2%	$95.0M+0.1%	$95.5M-6.6%	$100.5M-14.3%	$96.9M-1.5%	$94.9M-2.4%	$102.3M+3.2%
Operating Income	$119.4M-56.7%	$92.1M-59.9%	$122.4M-13.7%	$109.0M-20.7%	$275.5M+91.7%	$229.9M+70.7%	$141.9M-49.6%	$137.6M-20.7%
EBITDA	$143.6M-52.6%	$115.9M-55.2%	$147.0M-13.9%	$133.4M-19.4%	$303.2M+76.6%	$258.9M+58.8%	$170.7M-44.9%	$165.5M-18.1%
Interest Expense	$35.8M-16.5%	$39.0M-7.7%	$41.8M+0.1%	$41.8M-1.3%	$42.8M-2.2%	$42.3M-2.6%	$41.7M-2.5%	$42.4M-1.3%
Income Tax	$17.1M-63.4%	$16.8M-62.4%	$20.3M-4.4%	$15.2M-75.3%	$46.7M+77.2%	$44.7M+60.9%	$21.2M-52.0%	$61.3M+92.5%
Net Income	$56.1M-68.9%	$37.1M-74.8%	$67.9M-17.3%	$58.7M-69.0%	$180.7M+137.3%	$147.4M+53.3%	$82.1M-58.9%	$189.6M+81.7%
EPS (Basic)	$0.35-68.5%	$0.23-74.2%	$0.42-12.5%	$0.36-66.0%	$1.11+158.1%	$0.89+85.4%	$0.48-47.8%	$1.06+130.4%
EPS (Diluted)	$0.34-68.8%	$0.23-74.2%	$0.42-12.5%	$0.36-66.0%	$1.09+159.5%	$0.89+85.4%	$0.48-47.8%	$1.06+130.4%
Diluted Shares (Avg)	N/A	163M-1.6%	163M-4.2%	162M-9.3%	N/A	166M+82272.4%	170M+77834.1%	178M+79262.1%

Not reported in any period shown, so not listed: R&D Expenses.

TGNA Balance Sheet

TGNA quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$6.9B-6.2%	$7.3B+4.7%	$7.0B-4.5%	$7.3B+5.9%	$6.9B+1.0%	$6.8B-1.5%	$7.0B+31.8%	$5.3B+6.3%	$5.0B-41.9%	$8.5B+0.4%	$8.5B-24.3%	$11.2B+21.7%	$9.2B+44.8%	$6.4B-3.6%	$6.6B
Current Assets	$981.0M-27.9%	$1.4B+29.5%	$1.1B-19.4%	$1.3B+65.5%	$787.6M+17.1%	$672.6M-4.9%	$707.3M+11.4%	$635.2M-0.3%	$636.9M-19.4%	$790.7M-1.8%	$805.2M-38.7%	$1.3B-31.7%	$1.9B+79.3%	$1.1B-0.3%	$1.1B
Cash & Equivalents	$291.2M-58.0%	$693.2M+92.0%	$361.0M-34.6%	$551.7M+868.0%	$57.0M+39.1%	$41.0M+39.3%	$29.4M-78.4%	$135.9M+37.5%	$98.8M+522.2%	$15.9M-39.2%	$26.1M-42.2%	$45.2M-90.1%	$455.0M+315.6%	$109.5M-34.4%	$166.9M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$38.9M-22.2%	$50.0M-11.4%	$56.4M+14.8%	$49.1M
Accounts Receivable	$603.5M-0.1%	$604.3M-3.2%	$624.4M-5.1%	$658.3M+2.5%	$642.3M+16.6%	$550.8M-5.3%	$581.8M+36.8%	$425.4M+4.6%	$406.9M+5.4%	$386.1M-30.6%	$556.4M+3.5%	$537.5M-35.6%	$834.1M+22.9%	$678.8M-2.1%	$693.2M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$16.7M-40.4%	$28.1M	$0	$0	$0	$0
Goodwill	$3.0B0.0%	$3.0B+1.2%	$3.0B0.0%	$3.0B0.0%	$3.0B+0.4%	$3.0B+0.6%	$3.0B+13.6%	$2.6B+0.7%	$2.6B0.0%	$2.6B-34.2%	$3.9B+0.1%	$3.9B+23.4%	$3.2B+11.4%	$2.8B-0.6%	$2.9B
Total Liabilities	$3.7B-13.6%	$4.3B+0.6%	$4.3B+0.9%	$4.2B-3.2%	$4.4B-8.3%	$4.8B-11.0%	$5.4B+36.3%	$3.9B-0.8%	$4.0B-33.3%	$5.9B-1.3%	$6.0B-22.1%	$7.7B+22.1%	$6.3B+65.3%	$3.8B-6.7%	$4.1B
Current Liabilities	$430.4M-7.7%	$466.3M+10.1%	$423.4M+8.3%	$391.0M+4.2%	$375.1M-11.6%	$424.2M+17.4%	$361.2M-2.2%	$369.2M+13.5%	$325.4M-47.5%	$619.2M+2.0%	$606.8M-46.5%	$1.1B+12.5%	$1.0B+7.8%	$934.5M+3.6%	$901.9M
Non-Current Liabilities	$3.3B-14.3%	$3.8B-0.5%	$3.9B+0.1%	$3.8B-3.9%	$4.0B-7.9%	$4.4B-13.0%	$5.0B+40.3%	$3.6B-2.1%	$3.6B-31.6%	$5.3B-1.7%	$5.4B-17.9%	$6.6B+23.9%	$5.3B+83.9%	$2.9B-9.6%	$3.2B
Long-Term Debt	$2.5B-17.7%	$3.1B+0.1%	$3.1B+0.1%	$3.1B-5.0%	$3.2B-9.0%	$3.6B-15.0%	$4.2B+41.9%	$2.9B-2.1%	$3.0B-25.6%	$4.0B-3.0%	$4.2B-7.1%	$4.5B+21.1%	$3.7B+158.9%	$1.4B-18.6%	$1.8B
Total Equity	$3.2B+5.0%	$3.0B+11.1%	$2.7B-11.9%	$3.1B+21.9%	$2.5B+22.4%	$2.1B+29.4%	$1.6B+18.6%	$1.3B+34.8%	$995.0M-56.2%	$2.3B+3.6%	$2.2B-32.7%	$3.3B+20.9%	$2.7B+14.6%	$2.4B+1.0%	$2.3B
Retained Earnings	$3.2B-62.9%	$8.5B+5.7%	$8.1B+2.4%	$7.9B+5.9%	$7.5B+5.4%	$7.1B+6.3%	$6.7B+3.5%	$6.4B+6.0%	$6.1B-17.9%	$7.4B+3.8%	$7.1B-17.3%	$8.6B+11.4%	$7.7B+2.7%	$7.5B+3.3%	$7.3B

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Total Assets	$6.9B-6.2%	$6.8B-5.4%	$7.3B+3.1%	$7.3B+2.8%	$7.3B+4.7%	$7.2B0.0%	$7.1B-0.4%	$7.1B-3.9%
Current Assets	$981.0M-27.9%	$896.9M-26.2%	$1.4B+26.6%	$1.4B+24.7%	$1.4B+29.5%	$1.2B-2.1%	$1.1B-3.9%	$1.1B-21.7%
Cash & Equivalents	$291.2M-58.0%	$232.8M-56.6%	$756.5M+69.7%	$716.6M+66.4%	$693.2M+92.0%	$536.3M-3.0%	$445.7M-8.9%	$430.8M-36.9%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$603.5M-0.1%	$576.5M-5.3%	$583.7M-3.6%	$594.8M-1.6%	$604.3M-3.2%	$608.8M+0.2%	$605.2M+2.0%	$604.5M-5.2%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.0B0.0%	$3.0B0.0%	$3.0B0.0%	$3.0B0.0%	$3.0B+1.2%	$3.0B+1.2%	$3.0B+1.2%	$3.0B+1.2%
Total Liabilities	$3.7B-13.6%	$3.7B-14.3%	$4.2B-1.3%	$4.2B-1.1%	$4.3B+0.6%	$4.3B+2.2%	$4.3B+1.8%	$4.3B+1.5%
Current Liabilities	$430.4M-7.7%	$404.3M-13.4%	$944.6M+121.8%	$973.5M+124.3%	$466.3M+10.1%	$466.7M+30.5%	$425.8M+28.0%	$434.0M+14.7%
Non-Current Liabilities	$3.3B-14.3%	$3.3B-14.4%	$3.3B-14.9%	$3.3B-15.2%	$3.8B-0.5%	$3.8B-0.5%	$3.8B-0.4%	$3.9B+0.2%
Long-Term Debt	$2.5B-17.7%	$2.5B-17.7%	$2.5B-17.7%	$2.5B-17.7%	$3.1B+0.1%	$3.1B+0.1%	$3.1B+0.1%	$3.1B+0.1%
Total Equity	$3.2B+5.0%	$3.1B+8.5%	$3.1B+10.4%	$3.0B+8.6%	$3.0B+11.1%	$2.9B-3.0%	$2.8B-3.5%	$2.8B-11.2%
Retained Earnings	$3.2B-62.9%	$8.6B+2.3%	$8.6B+3.5%	$8.5B+3.4%	$8.5B+5.7%	$8.4B+4.1%	$8.3B+3.7%	$8.2B+4.7%

Not reported in any period shown, so not listed: Inventory.

TGNA Cash Flow Statement

TGNA quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$326.0M-52.4%	$685.0M+16.6%	$587.2M-27.7%	$812.2M+61.9%	$501.6M-37.7%	$805.1M+170.7%	$297.5M-43.6%	$527.2M+35.4%	$389.4M-42.6%	$678.7M+4.2%	$651.2M-23.2%	$847.5M+65.7%	$511.5M-32.4%	$756.7M-7.0%	$814.1M
Depreciation & Amortization	$97.0M-14.6%	$113.5M+0.3%	$113.2M-6.5%	$121.1M-5.3%	$127.9M-5.0%	$134.6M+21.6%	$110.6M+27.5%	$86.8M+13.2%	$76.6M-2.5%	$78.6M-9.3%	$86.7M-42.9%	$151.8M+102.9%	$74.8M-61.4%	$194.0M-1.7%	$197.4M
Stock-Based Compensation	$26.2M-32.1%	$38.5M+57.3%	$24.5M-19.6%	$30.5M-3.3%	$31.5M+55.2%	$20.3M+0.8%	$20.1M+60.8%	$12.5M-26.7%	$17.1M-2.8%	$17.6M-33.2%	$26.3M-22.2%	$33.9M+1.3%	$33.4M+25.7%	$26.6M-5.0%	$28.0M
Capital Expenditures	$43.4M-17.2%	$52.4M-4.1%	$54.7M+6.5%	$51.3M-18.6%	$63.1M+38.6%	$45.5M-48.5%	$88.4M+35.5%	$65.2M-15.2%	$76.9M-18.9%	$94.8M-20.2%	$118.8M-21.0%	$150.4M+36.2%	$110.4M+20.2%	$91.9M+26.8%	$72.5M
Free Cash Flow	$282.6M-55.3%	$632.5M+18.8%	$532.6M-30.0%	$760.8M+73.5%	$438.5M-42.3%	$759.6M+263.3%	$209.1M-54.7%	$462.0M+47.8%	$312.5M-46.5%	$583.9M+9.7%	$532.5M-23.6%	$697.2M+73.8%	$401.1M-39.7%	$664.9M-10.4%	$741.7M
Investing Cash Flow	-$45.0M-241.6%	$31.8M+213.5%	-$28.0M+45.4%	-$51.2M+26.0%	-$69.3M-16.4%	-$59.5M+96.2%	-$1.6B-317.6%	-$374.4M-312.5%	$176.2M+164.6%	-$272.8M-225.6%	$217.3M+113.1%	-$1.7B-19.8%	-$1.4B-1495.2%	-$87.0M-249.1%	-$24.9M
Financing Cash Flow	-$683.0M-77.6%	-$384.6M+48.7%	-$749.9M-181.7%	-$266.2M+36.1%	-$416.3M+43.3%	-$734.1M-163.3%	$1.2B+899.8%	-$145.0M+73.3%	-$542.7M-17.4%	-$462.4M+46.1%	-$857.8M-284.8%	$464.1M-60.3%	$1.2B+276.3%	-$663.7M+17.6%	-$805.5M
Dividends Paid	$80.5M-1.1%	$81.4M-2.6%	$83.5M-1.4%	$84.8M+8.0%	$78.5M+2.6%	$76.5M+26.1%	$60.6M+0.6%	$60.3M-33.1%	$90.2M-25.9%	$121.6M-27.4%	$167.5M-7.6%	$181.3M-1.0%	$183.2M+15.4%	$158.8M+231.3%	$47.9M
Share Buybacks	$0-100.0%	$274.8M-57.9%	$652.9M	$0	$0	$0	$0-100.0%	$5.8M-75.2%	$23.5M-85.5%	$161.9M-40.3%	$271.0M+257.5%	$75.8M-35.0%	$116.6M-24.2%	$153.9M+190.3%	$53.0M

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Operating Cash Flow	$107.4M-57.0%	$59.1M-71.8%	$99.9M-20.0%	$59.6M-40.6%	$249.8M+40.0%	$210.1M+107.3%	$124.8M-9.0%	$100.4M-41.1%
Depreciation & Amortization	$24.2M-12.7%	$23.8M-17.9%	$24.6M-14.6%	$24.3M-13.0%	$27.7M-0.8%	$29.0M+2.2%	$28.8M+2.0%	$28.0M-2.3%
Stock-Based Compensation	N/A	N/A	N/A	$7.1M-36.3%	N/A	N/A	N/A	$11.1M+201.8%
Capital Expenditures	$20.6M+27.7%	$10.8M-30.2%	$7.1M-55.5%	$4.9M+0.7%	$16.1M-36.4%	$15.4M+4.1%	$16.0M+37.1%	$4.9M+72.6%
Free Cash Flow	$86.8M-62.9%	$48.4M-75.1%	$92.8M-14.8%	$54.7M-42.7%	$233.6M+52.7%	$194.6M+124.9%	$108.8M-13.3%	$95.5M-43.0%
Investing Cash Flow	-$20.3M-16.9%	-$10.4M+53.7%	-$7.9M+45.8%	-$6.4M-107.4%	-$17.3M+30.4%	-$22.5M-275.8%	-$14.6M-23.8%	$86.2M+2191.8%
Financing Cash Flow	-$28.6M+62.0%	-$572.5M-490.1%	-$52.1M+45.3%	-$29.8M+74.5%	-$75.5M+78.2%	-$97.0M-92.1%	-$95.2M+70.2%	-$116.9M-236.2%
Dividends Paid	$20.1M+0.7%	$20.1M-1.6%	$20.1M-4.3%	$20.1M+1.0%	$20.0M-2.3%	$20.5M-9.4%	$21.0M+9.9%	$19.9M-6.8%
Share Buybacks	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$49.8M-84.7%	$70.3M+151.8%	$72.3M-75.9%	$82.4M

TGNA 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.

TGNA quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	36.2%-7.2pp	43.4%+2.4pp	40.9%-7.4pp	48.4%+1.8pp	46.6%-2.3pp	48.8%+2.2pp	46.6%-5.1pp	51.7%+0.8pp	50.9%-9.4pp	60.3%+1.6pp	58.7%-4.9pp	63.6%+5.0pp	58.7%+13.7pp	45.0%+1.5pp	43.5%
Operating Margin	16.3%-9.0pp	25.3%+0.1pp	25.2%-5.0pp	30.2%+3.4pp	26.8%-2.8pp	29.6%+5.3pp	24.3%-7.3pp	31.6%+3.0pp	28.7%-6.7pp	35.3%-0.4pp	35.7%+8.8pp	26.9%+7.5pp	19.4%+4.6pp	14.8%-1.1pp	15.8%
Net Margin	8.1%-11.2pp	19.3%+3.0pp	16.4%-2.8pp	19.2%+3.3pp	16.0%-0.5pp	16.4%+4.0pp	12.4%-5.9pp	18.4%+4.0pp	14.4%-7.4pp	21.8%-4.3pp	26.0%-14.4pp	40.5%+16.2pp	24.3%+16.3pp	7.9%-0.8pp	8.8%
Return on Equity	7.0%-13.0pp	20.0%+2.3pp	17.6%-2.9pp	20.5%+1.6pp	18.9%-4.5pp	23.5%+5.5pp	18.0%-12.3pp	30.3%+2.7pp	27.5%+8.3pp	19.2%-1.7pp	21.0%-11.7pp	32.6%+18.2pp	14.4%-3.6pp	18.1%-1.7pp	19.7%
Return on Assets	3.2%-5.0pp	8.2%+1.4pp	6.8%-1.8pp	8.6%+1.7pp	6.9%-0.2pp	7.0%+2.9pp	4.1%-3.6pp	7.7%+2.2pp	5.5%+0.4pp	5.1%-0.3pp	5.4%-4.0pp	9.4%+5.2pp	4.2%-2.4pp	6.7%-0.3pp	6.9%
Current Ratio	2.28-0.6x	2.92+0.4x	2.48-0.9x	3.33+1.2x	2.10+0.5x	1.59-0.4x	1.96+0.2x	1.72-0.2x	1.96+0.7x	1.280.0x	1.33+0.2x	1.16-0.8x	1.91+0.8x	1.150.0x	1.19
Debt-to-Equity	0.80-0.2x	1.02-0.1x	1.14+0.1x	1.00-0.3x	1.28-0.4x	1.73-0.9x	2.63+0.4x	2.20-0.8x	3.02+1.2x	1.78-0.1x	1.90+0.5x	1.380.0x	1.38+0.8x	0.61-0.1x	0.76
Asset Turnover	0.390.0x	0.420.0x	0.420.0x	0.450.0x	0.430.0x	0.43+0.1x	0.33-0.1x	0.420.0x	0.38+0.1x	0.230.0x	0.210.0x	0.23+0.1x	0.17-0.7x	0.840.0x	0.79
FCF Margin	10.4%-10.0pp	20.4%+2.1pp	18.3%-4.9pp	23.2%+8.5pp	14.7%-11.2pp	25.9%+16.8pp	9.1%-11.8pp	20.9%+4.5pp	16.4%-12.7pp	29.1%-1.0pp	30.2%+3.6pp	26.6%+1.5pp	25.0%+12.6pp	12.4%-1.7pp	14.1%

Metric	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q	Q2'2410-Q	Q1'2410-Q
Gross Margin	37.0%-10.7pp	35.1%-10.6pp	37.4%-1.8pp	35.1%-4.6pp	47.7%+6.0pp	45.7%+7.2pp	39.2%-2.0pp	39.7%-2.6pp
Operating Margin	16.9%-14.7pp	14.2%-14.3pp	18.1%-1.8pp	16.0%-3.2pp	31.6%+11.8pp	28.5%+9.6pp	20.0%-18.5pp	19.3%-4.2pp
Net Margin	8.0%-12.8pp	5.7%-12.6pp	10.1%-1.5pp	8.6%-17.9pp	20.8%+10.3pp	18.3%+4.8pp	11.6%-15.8pp	26.5%+12.5pp
Return on Equity	1.8%-4.2pp	1.2%-4.0pp	2.2%-0.7pp	1.9%-4.9pp	6.0%+3.2pp	5.1%+1.9pp	2.9%-4.0pp	6.8%+3.5pp
Return on Assets	0.8%-1.7pp	0.5%-1.5pp	0.9%-0.2pp	0.8%-1.9pp	2.5%+1.4pp	2.1%+0.7pp	1.2%-1.7pp	2.7%+1.3pp
Current Ratio	2.28-0.6x	2.22-0.4x	1.47-1.1x	1.40-1.1x	2.92+0.4x	2.60-0.9x	2.58-0.9x	2.53-1.2x
Debt-to-Equity	0.80-0.2x	0.81-0.3x	0.82-0.3x	0.83-0.3x	1.02-0.1x	1.070.0x	1.100.0x	1.10+0.1x
Asset Turnover	0.100.0x	0.100.0x	0.090.0x	0.090.0x	0.120.0x	0.110.0x	0.100.0x	0.100.0x
FCF Margin	12.3%-14.6pp	7.4%-16.7pp	13.7%-1.6pp	8.0%-5.3pp	26.8%+5.8pp	24.1%+12.0pp	15.3%-1.8pp	13.4%-9.3pp

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
TEGNA Inc. TGNA	FY2025	$2.7B	$219.9M	8.1%	$3.2B	55/100
Nexstar Media Group, Inc. NXST	FY2025	$4.9B	$83.0M	1.7%	$4.8B	56/100
Sinclair, Inc. SBGI	FY2025	$3.2B	-$99.0M	-3.1%	$898.9M	37/100
FuboTV Inc. FUBO	FY2024	$402.3M	-$172.3M	-42.8%	$261.6M	14/100
Gray Media, Inc. GTN	FY2025	$3.1B	-$85.0M	-2.8%	$467.5M	42/100
iHeartMedia, Inc. IHRT	FY2025	$3.9B	-$472.9M	-12.2%	$300.3M	25/100

Where TEGNA Inc. Ranks

Frequently Asked Questions

What is TEGNA Inc.'s annual revenue?

TEGNA Inc. (TGNA) reported $2.7B in total revenue for fiscal year 2025. This represents a -12.6% 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 TEGNA Inc.'s revenue growing?

TEGNA Inc. (TGNA) revenue declined by 12.6% year-over-year, from $3.1B to $2.7B in fiscal year 2025.

Is TEGNA Inc. profitable?

Yes, TEGNA Inc. (TGNA) reported a net income of $219.9M in fiscal year 2025, with a net profit margin of 8.1%.

What is TEGNA Inc.'s EBITDA?

TEGNA Inc. (TGNA) had EBITDA of $540.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does TEGNA Inc. have?

As of fiscal year 2025, TEGNA Inc. (TGNA) had $291.2M in cash and equivalents against $2.5B in long-term debt.

What is TEGNA Inc.'s gross margin?

TEGNA Inc. (TGNA) had a gross margin of 36.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is TEGNA Inc.'s operating margin?

TEGNA Inc. (TGNA) had an operating margin of 16.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is TEGNA Inc.'s net profit margin?

TEGNA Inc. (TGNA) had a net profit margin of 8.1% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does TEGNA Inc. pay dividends?

Yes, TEGNA Inc. (TGNA) paid $0.50 per share in dividends during fiscal year 2025.

What is TEGNA Inc.'s return on equity (ROE)?

TEGNA Inc. (TGNA) has a return on equity of 7.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is TEGNA Inc.'s free cash flow?

TEGNA Inc. (TGNA) generated $282.6M in free cash flow during fiscal year 2025. This represents a -55.3% 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 TEGNA Inc.'s operating cash flow?

TEGNA Inc. (TGNA) generated $326.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are TEGNA Inc.'s total assets?

TEGNA Inc. (TGNA) had $6.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are TEGNA Inc.'s capital expenditures?

TEGNA Inc. (TGNA) invested $43.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does TEGNA Inc. have outstanding?

TEGNA Inc. (TGNA) had 162M shares outstanding as of fiscal year 2025.

What is TEGNA Inc.'s current ratio?

TEGNA Inc. (TGNA) had a current ratio of 2.28 as of fiscal year 2025, which is generally considered healthy.

What is TEGNA Inc.'s debt-to-equity ratio?

TEGNA Inc. (TGNA) had a debt-to-equity ratio of 0.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is TEGNA Inc.'s return on assets (ROA)?

TEGNA Inc. (TGNA) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is TEGNA Inc.'s Altman Z-Score?

TEGNA Inc. (TGNA) has an Altman Z-Score of 1.87, placing it in the Grey Zone (moderate 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 TEGNA Inc.'s Piotroski F-Score?

TEGNA Inc. (TGNA) has a Piotroski F-Score of 4 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are TEGNA Inc.'s earnings high quality?

TEGNA Inc. (TGNA) has an earnings quality ratio of 1.48x, considered cash-backed (high 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 TEGNA Inc. cover its interest payments?

TEGNA Inc. (TGNA) has an interest coverage ratio of 2.80x, meaning it can adequately 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 TEGNA Inc.?

TEGNA Inc. (TGNA) scores 55 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.