TGNA TEGNA INC

Overview and Growth

Fiscal 2025 results for TEGNA INC combined $2.71B of revenue with net income of $219.86M and an operating cash inflow of $326.00M. The $2.71B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 12.6% below fiscal 2024 revenue of $3.10B, marking a top-line contraction. Diluted earnings per share were $1.34, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $3.53 in fiscal 2024, the current result was 62.0% lower. Revenue equaled 0.39x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $981.15M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 36.2% of revenue, showing how much of the top line remained after direct costs. Operating income was $442.97M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 16.3% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $219.86M for the fiscal year. Measured against reported revenue, net income produced a 8.1% margin after operating costs and the remaining recognized items. Income tax expense totaled $69.33M, providing the reported tax component that separates pretax and after-tax earnings. Return on period-end equity was 7.0%, relating annual net income to the equity capital on the balance sheet. Net income represented 3.2% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

The company held $6.87B of assets against $3.72B of liabilities and $3.16B of equity, revealing how the asset base was financed. Current assets were $981.00M against $430.37M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. The current ratio was 2.28x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $291.24M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 67.7%, excluding receivables and other current assets. The company carried $2.53B of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.8x, showing how much debt the company carried for each unit of book equity. Relative to total assets, debt measured 36.8%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 54.1%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 4.2%, comparing reported cash and equivalents with the full positive asset balance. Compared with $7.33B in fiscal 2024, the current asset base moved 6.2% and finished lower.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $326.00M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 1.48x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $43.43M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 13.3% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $282.56M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 10.4%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 4.1% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.