What is E.W. Scripps' operating income?

E.W. Scripps' total operating income in 2025 was $183.99 million, based on the following breakdown: Total Gross Profit: $876.07 million Total Operating Expenses: $692.07 million

E.W. Scripps (SSP) Financials

$3.35 -0.04 (-1.18%)

Closing price 08/13/2026 04:00 PM Eastern

Extended Trading

$3.40 +0.05 (+1.46%)

As of 07:00 AM Eastern

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Annual Income Statements for E.W. Scripps

This table shows E.W. Scripps' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-82	67	-13	20	-18	269	73	146	-998	88	-164
Consolidated Net Income / (Loss)	-82	67	-15	20	-18	269	123	196	-948	146	-101
Net Income / (Loss) Continuing Operations	-74	60	-12	70	-1.91	154	116	196	-948	146	-101
Total Pre-Tax Income	-112	93	-32	93	1.00	209	187	276	-968	210	-120
Total Operating Income	-37	128	-1.90	148	87	303	401	428	-753	412	184
Total Gross Profit	338	531	1,386	781	650	928	1,177	1,219	1,010	1,189	876
Total Revenue	654	874	1,754	1,157	1,351	1,857	2,284	2,453	2,293	2,510	2,151
Operating Revenue	626	874	1,754	1,157	1,351	1,857	2,284	2,453	2,293	2,510	2,151
Total Cost of Revenue	316	344	368	376	702	930	1,106	1,234	1,283	1,321	1,275
Operating Cost of Revenue	316	344	368	376	702	930	1,106	1,234	1,283	1,321	1,275
Total Operating Expenses	374	403	-366	632	562	624	777	788	1,762	776	692
Selling, General & Admin Expense	149	174	186	234	450	498	595	623	615	606	563
Depreciation Expense	33	32	34	34	40	50	58	62	61	62	59
Amortization Expense	17	23	22	26	44	57	104	98	94	93	92
Impairment Charge	25	0.00	36	8.92	-	-	0.00	0.00	952	0.00	0.00
Restructuring Charge	38	0.58	4.42	13	30	19	50	1.64	39	34	9.83
Other Special Charges / (Income)	0.31	0.48	0.17	1.26	-1.69	0.66	-30	5.87	2.34	-18	-32
Total Other Income / (Expense), net	-75	-35	-30	-56	-86	-94	-214	-154	-215	-203	-303
Interest Expense	15	18	27	36	81	93	181	153	214	210	234
Other Income / (Expense), net	-60	-17	-3.48	-20	-5.76	-1.47	-33	-1.95	-1.41	7.16	-70
Income Tax Expense	-38	33	-20	23	2.92	55	71	81	-20	64	-19
Preferred Stock Dividends Declared	-	-	-	-	0.00	0.00	49	50	50	59	64
Basic Earnings per Share	($1.06)	$0.80	($0.16)	$0.25	($0.23)	$3.23	$0.87	$1.71	($11.84)	$1.01	($1.87)
Weighted Average Basic Shares Outstanding	77.37M	83.34M	82.05M	81.37M	80.83M	81.42M	82.33M	83.22M	84.27M	85.74M	88.02M
Diluted Earnings per Share	($1.06)	$0.80	($0.16)	$0.24	($0.23)	$3.21	$0.81	$1.62	($11.84)	$1.01	($1.87)
Weighted Average Diluted Shares Outstanding	77.37M	83.64M	82.05M	81.93M	80.83M	81.83M	87.98M	87.35M	84.27M	86.07M	88.02M
Weighted Average Basic & Diluted Shares Outstanding	77.80M	84M	81.90M	81.50M	80.98M	81.75M	82.65M	83.58M	84.82M	86.70M	89.03M

This table shows E.W. Scripps' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	-268	-13	-13	33	80	-19	-52	-49	-45	-18	-1,168
Consolidated Net Income / (Loss)	-256	1.63	1.43	48	95	-3.46	-36	-33	-29	-1.79	-1,151
Net Income / (Loss) Continuing Operations	-256	1.63	1.43	48	95	-3.46	-36	-33	-29	-1.79	-1,151
Total Pre-Tax Income	-258	5.47	3.34	68	133	-16	-25	-37	-41	-4.45	-1,208
Total Operating Income	-202	43	56	122	192	27	77	38	42	25	-1,158
Total Gross Profit	279	233	247	329	381	207	226	215	228	206	196
Total Revenue	616	561	574	646	728	524	540	526	560	517	490
Operating Revenue	616	561	574	646	728	524	540	526	560	517	490
Total Cost of Revenue	337	329	327	317	348	317	314	311	332	311	294
Operating Cost of Revenue	337	329	327	317	348	317	314	311	332	311	294
Total Operating Expenses	480	190	191	207	189	180	150	177	185	182	1,355
Selling, General & Admin Expense	166	146	152	155	-	137	143	137	145	146	147
Depreciation Expense	15	15	15	16	16	15	15	15	15	13	13
Amortization Expense	24	24	23	23	23	24	23	23	23	22	22
Other Operating Expenses / (Income)	-	-	-	-0.15	-	-	-	-	-	0.73	0.73
Impairment Charge	-	-	-	-	-	-	0.00	-	-	-	1,136
Restructuring Charge	9.40	5.02	0.97	13	15	4.14	0.61	2.72	2.35	0.64	36
Other Special Charges / (Income)	0.02	0.15	-0.16	0.73	-19	-0.08	-31	-0.43	0.34	-0.51	0.06
Total Other Income / (Expense), net	-57	-38	-52	-54	-59	-44	-102	-74	-84	-28	-50
Interest Expense	55	55	52	54	49	44	62	67	62	57	55
Other Income / (Expense), net	-1.79	17	-0.24	0.45	-10	-0.18	-40	-7.63	-22	28	5.03
Income Tax Expense	-2.72	3.84	1.91	20	38	-13	11	-4.23	-12	-2.66	-57
Preferred Stock Dividends Declared	13	14	14	15	15	15	16	16	16	16	17
Basic Earnings per Share	($3.18)	($0.15)	($0.15)	$0.37	$0.94	($0.22)	($0.59)	($0.55)	($0.51)	($0.20)	($12.68)
Weighted Average Basic Shares Outstanding	84.27M	85.39M	86.12M	86.36M	85.74M	87.71M	88.33M	88.80M	88.02M	91.54M	92.67M
Diluted Earnings per Share	($3.18)	($0.15)	($0.15)	$0.37	$0.94	($0.22)	($0.59)	($0.55)	($0.51)	($0.20)	($12.68)
Weighted Average Diluted Shares Outstanding	84.27M	85.39M	86.12M	86.36M	86.07M	87.71M	88.33M	88.80M	88.02M	91.54M	92.67M
Weighted Average Basic & Diluted Shares Outstanding	84.82M	85.39M	86.12M	86.36M	86.70M	87.71M	88.33M	88.80M	89.03M	91.54M	92.67M

This table details how cash moves in and out of E.W. Scripps' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-51	20	14	-42	-74	1,593	-1,526	-82	15	6.96	4.07
Net Cash From Operating Activities	8.87	146	41	141	-27	277	237	311	112	366	53
Net Cash From Continuing Operating Activities	3.03	136	30	146	-4.48	355	231	311	109	384	53
Net Income / (Loss) Continuing Operations	-74	60	-12	70	-1.91	154	116	196	-948	146	-101
Consolidated Net Income / (Loss)	-82	67	-15	20	-18	269	123	196	-948	146	-101
Depreciation Expense	50	55	56	61	84	107	162	160	155	155	151
Non-Cash Adjustments To Reconcile Net Income	93	16	39	17	20	-11	11	-12	990	14	36
Changes in Operating Assets and Liabilities, net	-66	4.50	-53	-1.75	-107	106	-58	-32	-89	69	-33
Net Cash From Investing Activities	-61	-73	-299	-127	-1,265	317	-2,456	-66	-61	-27	-12
Net Cash From Continuing Investing Activities	-57	-71	-297	-201	-1,264	55	-2,466	-66	-61	-27	-12
Purchase of Property, Plant & Equipment	-21	-26	-18	-47	-61	-45	-61	-46	-60	-65	-47
Purchase of Investments	-7.66	-2.13	-0.84	-0.56	-1.64	-8.31	-12	-7.37	-1.00	-1.73	-6.94
Sale of Property, Plant & Equipment	15	-	-	-	-	84	-	0.37	0.02	20	41
Divestitures	-	-	-	0.00	0.00	0.00	225	0.00	0.00	20	0.26
Net Cash From Financing Activities	1.84	-53	273	-55	1,218	998	693	-327	-34	-351	-37
Net Cash From Continuing Financing Activities	1.84	-53	273	-55	1,218	998	693	-327	-34	-351	-37
Repayment of Debt	-125	-11	-406	-5.66	-23	-32	-643	-271	-311	-19	-2,263
Payment of Dividends	-60	0.00	0.00	-16	-16	-17	-45	-48	-48	0.00	0.00
Issuance of Debt	201	0.00	700	1.32	1,261	1,050	800	0.00	330	-330	2,228
Other Financing Activities, net	2.01	1.96	-3.12	-1.94	-3.83	-2.88	-7.17	-8.87	-4.96	-1.88	-1.77
Cash Interest Paid	-	16	19	34	61	83	126	151	196	196	168
Cash Income Taxes Paid	-	1.10	1.76	-3.73	13	-13	102	62	31	72	13

This table details how cash moves in and out of E.W. Scripps' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	17	-5.09	-3.58	7.99	-11	0.11	7.70	23	-27	67	-71
Net Cash From Operating Activities	62	45	26	141	153	-3.31	-11	22	45	3.51	14
Net Cash From Continuing Operating Activities	60	45	26	141	153	-3.31	-11	22	45	3.51	14
Net Income / (Loss) Continuing Operations	-256	1.63	1.43	48	95	-3.46	-36	-33	-29	-1.79	-1,151
Consolidated Net Income / (Loss)	-256	1.63	1.43	48	95	-3.46	-36	-33	-29	-1.79	-1,151
Depreciation Expense	39	39	38	39	39	38	37	37	38	35	35
Non-Cash Adjustments To Reconcile Net Income	271	-11	4.60	4.08	-2.08	-5.49	5.81	9.05	26	-23	1,122
Changes in Operating Assets and Liabilities, net	5.97	16	-18	50	21	-33	-18	8.53	9.28	-6.60	7.45
Net Cash From Investing Activities	-16	-5.09	-24	-13	15	-9.89	26	-15	-14	119	-17
Net Cash From Continuing Investing Activities	-16	-5.09	-24	-13	15	-9.89	26	-15	-14	119	-17
Purchase of Property, Plant & Equipment	-16	-22	-24	-13	-6.40	-5.06	-12	-15	-14	-3.16	-17
Purchase of Investments	-0.06	-1.06	-0.55	-0.08	-0.05	-6.81	-0.12	-0.02	-	-0.42	-0.08
Sale of Property, Plant & Equipment	-	0.01	0.22	0.53	-	1.93	39	0.46	0.00	0.64	0.08
Divestitures	-	18	-	-	1.88	0.04	-	-	0.22	127	-0.44
Net Cash From Financing Activities	-27	-45	-6.05	-120	-179	13	-8.17	16	-58	-56	-67
Net Cash From Continuing Financing Activities	-27	-45	-6.05	-120	-179	13	-8.17	16	-58	-56	-67
Repayment of Debt	-4.93	-4.44	-45	-120	-4.15	-11	-1,291	-814	-147	-119	-155
Issuance of Debt	-10	-40	40	-	-175	25	1,283	831	89	69	88
Other Financing Activities, net	-0.19	-1.00	-0.78	-0.03	-0.07	-0.81	-0.06	-0.47	-0.42	-5.85	-0.07
Cash Interest Paid	34	67	34	68	27	58	24	63	23	81	20
Cash Income Taxes Paid	5.19	0.18	34	17	21	-0.19	13	-0.36	0.95	-6.88	2.12

This table presents E.W. Scripps' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,681	1,736	2,130	2,130	3,562	4,859	6,658	6,431	5,410	5,199	5,009
Total Current Assets	303	346	606	471	644	2,094	702	644	676	630	747
Cash & Equivalents	115	134	149	107	33	576	66	18	35	24	28
Restricted Cash	-	-	-	-	0.00	1,050	34	-	-	-	0.00
Accounts Receivable	172	179	245	281	388	429	573	600	611	568	569
Other Current Assets	11	33	211	83	122	39	29	26	30	38	47
Other Current Nonoperating Assets	-	-	-	-	101	-	-	-	-	0.00	103
Plant, Property, & Equipment, net	271	225	210	238	370	344	457	459	455	454	0.00
Total Noncurrent Assets	1,107	1,165	1,314	1,421	2,548	2,421	5,499	5,328	4,279	4,115	4,261
Long-Term Investments	14	14	7.70	7.16	8.38	14	22	23	23	8.88	14
Goodwill	586	576	756	834	1,225	1,203	2,913	2,921	1,969	1,969	1,918
Intangible Assets	479	413	426	479	1,061	975	1,910	1,821	1,727	1,635	1,518
Other Noncurrent Operating Assets	15	145	104	92	242	228	654	563	560	502	811
Total Liabilities & Shareholders' Equity	1,681	1,736	2,130	2,130	3,562	4,859	6,658	6,431	5,410	5,199	5,009
Total Liabilities	780	790	1,192	1,204	2,664	3,696	4,688	4,300	4,254	3,881	3,763
Total Current Liabilities	120	104	211	198	312	358	512	485	478	482	454
Short-Term Debt	6.66	6.57	5.66	3.00	11	11	19	19	16	16	8.85
Accounts Payable	32	16	24	27	28	68	84	83	76	101	63
Accrued Expenses	25	18	44	43	42	86	51	53	44	36	42
Current Deferred Revenue	8.51	6.41	7.35	11	-	14	20	18	12	18	22
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	36	33	35
Current Employee Benefit Liabilities	34	31	42	45	43	55	69	45	61	81	56
Other Current Liabilities	14	23	68	66	150	108	235	237	201	166	166
Other Current Nonoperating Liabilities	-	2.88	20	2.63	38	17	35	31	32	31	61
Total Noncurrent Liabilities	660	686	981	1,006	2,352	3,338	4,176	3,815	3,776	3,398	3,309
Long-Term Debt	392	387	688	686	1,904	2,923	3,129	2,854	2,897	2,561	2,586
Noncurrent Deferred & Payable Income Tax Liabilities	0.00	-	0.00	26	18	86	357	370	307	294	268
Other Noncurrent Operating Liabilities	268	274	294	295	430	328	690	591	572	544	455
Total Equity & Noncontrolling Interests	901	946	937	926	898	1,163	1,970	2,131	1,156	1,318	1,246
Total Preferred & Common Equity	901	946	937	926	898	1,163	1,970	2,130	1,155	1,318	1,246
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	410	412	415	417	419
Total Common Equity	901	946	937	926	898	1,163	1,560	1,718	741	900	827
Common Stock	1,165	1,133	1,130	1,108	1,118	1,132	1,428	1,445	1,439	1,452	1,468
Retained Earnings	-174	-94	-90	-86	-121	132	205	351	-622	-476	-577
Accumulated Other Comprehensive Income / (Loss)	-90	-93	-103	-95	-99	-100	-74	-77	-76	-75	-64
Other Equity Adjustments	-	-	-	-	0.00	-	0.00	0.00	0.00	0.00	0.00

This table presents E.W. Scripps' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	5,688	5,328	5,281	5,254	5,116	5,088	5,090	4,917	3,646
Total Current Assets	681	639	655	630	598	624	705	665	593
Cash & Equivalents	16	30	27	35	24	32	55	84	13
Restricted Cash	-	-	-	-	-	-	-	11	11
Accounts Receivable	601	567	579	552	521	554	562	527	526
Other Current Assets	64	43	49	43	54	38	52	43	43
Other Current Nonoperating Assets	-	-	-	-	-	-	37	0.00	0.00
Plant, Property, & Equipment, net	451	457	464	460	431	428	417	398	425
Total Noncurrent Assets	4,556	4,231	4,162	4,165	4,087	4,036	3,968	3,854	2,628
Long-Term Investments	23	24	24	24	15	15	15	13	12
Goodwill	2,235	1,969	1,969	1,969	1,969	1,969	1,953	1,918	930
Intangible Assets	1,751	1,705	1,682	1,659	1,613	1,591	1,558	1,508	1,324
Other Noncurrent Operating Assets	547	534	488	513	490	461	441	414	362
Total Liabilities & Shareholders' Equity	5,688	5,328	5,281	5,254	5,116	5,088	5,090	4,917	3,646
Total Liabilities	4,271	4,166	4,113	4,035	3,796	3,798	3,829	3,672	3,545
Total Current Liabilities	443	447	438	471	440	492	437	422	444
Short-Term Debt	16	16	16	16	41	79	8.85	0.00	0.00
Accounts Payable	60	91	86	69	91	67	66	74	66
Accrued Expenses	45	47	48	39	30	31	43	45	46
Current Deferred Revenue	19	14	15	30	12	17	22	25	28
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	33	32	33	48	56
Current Employee Benefit Liabilities	57	44	37	76	48	44	59	45	41
Other Current Liabilities	232	218	205	224	170	185	179	164	157
Other Current Nonoperating Liabilities	14	16	31	15	14	37	25	22	50
Total Noncurrent Liabilities	3,828	3,719	3,675	3,564	3,357	3,306	3,392	3,249	3,101
Long-Term Debt	2,908	2,855	2,854	2,737	2,559	2,545	2,637	2,549	2,494
Noncurrent Deferred & Payable Income Tax Liabilities	357	310	298	293	285	277	284	253	193
Other Noncurrent Operating Liabilities	563	554	524	534	513	484	471	448	414
Total Equity & Noncontrolling Interests	1,417	1,162	1,168	1,219	1,320	1,290	1,260	1,245	101
Total Preferred & Common Equity	1,417	1,161	1,167	1,218	1,320	1,289	1,260	1,245	101
Preferred Stock	414	415	416	416	417	418	419	419	419
Total Common Equity	1,003	746	752	802	902	871	842	825	-319
Common Stock	1,459	1,442	1,446	1,449	1,457	1,462	1,465	1,468	1,474
Retained Earnings	-379	-621	-619	-571	-479	-515	-548	-579	-1,730
Accumulated Other Comprehensive Income / (Loss)	-77	-75	-75	-75	-75	-75	-75	-64	-64
Other Equity Adjustments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

This table displays calculated financial ratios and metrics derived from E.W. Scripps' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	83,869,865.00	82,898,180.00	81,900,211.00	80,672,505.00	80,914,596.00	81,599,635.00	82,524,329.00	83,491,439.00	84,620,400.00	-	88,802,130.00
DEI Adjusted Shares Outstanding	83,869,865.00	82,898,180.00	81,900,211.00	80,672,505.00	80,914,596.00	81,599,635.00	82,524,329.00	83,491,439.00	84,620,400.00	-	88,802,130.00
DEI Earnings Per Adjusted Shares Outstanding	-0.98	0.81	-0.16	0.25	-0.23	3.30	0.89	1.74	-11.79	-	-1.85
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.16%	33.67%	100.58%	-34.01%	16.77%	37.45%	22.94%	7.43%	-6.53%	9.46%	-14.31%
EBITDA Growth	-193.69%	455.12%	-69.38%	271.96%	-12.46%	146.57%	29.41%	10.82%	-202.17%	195.89%	-53.85%
EBIT Growth	-641.80%	215.07%	-104.84%	2,495.50%	-36.67%	270.12%	21.72%	15.99%	-276.99%	155.61%	-72.72%
NOPAT Growth	-199.06%	422.11%	-101.62%	8,506.39%	-248.64%	233.95%	11.34%	22.26%	-273.72%	154.48%	-55.16%
Net Income Growth	-883.33%	181.52%	-121.74%	235.11%	-193.06%	1,565.52%	-54.44%	59.64%	-583.81%	115.43%	-168.99%
EPS Growth	-688.89%	175.47%	-120.00%	250.00%	-195.83%	1,495.65%	-74.77%	100.00%	-830.86%	108.53%	-285.15%
Operating Cash Flow Growth	-91.31%	1,551.56%	-72.11%	244.93%	-119.48%	1,110.47%	-14.56%	31.40%	-64.16%	227.66%	-85.48%
Free Cash Flow Firm Growth	-663.03%	104.34%	-881.89%	137.11%	-1,436.84%	133.40%	-604.22%	114.79%	24.04%	2.98%	-39.16%
Invested Capital Growth	205.99%	4.02%	22.58%	0.63%	80.17%	-8.68%	103.42%	-0.76%	-19.05%	-3.69%	-3.51%
Revenue Q/Q Growth	16.20%	7.47%	114.07%	-41.52%	7.21%	10.94%	1.38%	2.45%	-2.76%	4.70%	-7.25%
EBITDA Q/Q Growth	-637.64%	144.06%	-36.80%	39.24%	-6.00%	42.67%	-7.84%	8.18%	-153.42%	202.47%	-37.98%
EBIT Q/Q Growth	-155.94%	808.20%	-119.14%	72.24%	-21.56%	67.97%	-13.69%	11.46%	-92.30%	1,109.44%	-58.48%
NOPAT Q/Q Growth	-19.50%	40.03%	-102.53%	73.77%	-282.21%	77.74%	-18.14%	10.05%	-94.34%	2,027.85%	-8.52%
Net Income Q/Q Growth	-82.35%	812.65%	-180.05%	511.23%	-163.90%	664.48%	-60.99%	20.07%	-56.28%	171.35%	-538.39%
EPS Q/Q Growth	-120.83%	2,566.67%	-172.73%	500.00%	-187.50%	702.50%	-75.30%	27.56%	-51.02%	132.48%	-345.24%
Operating Cash Flow Q/Q Growth	-45.38%	40.00%	-58.46%	72.25%	-135.14%	128.61%	-13.55%	12.54%	-32.07%	33.04%	-67.07%
Free Cash Flow Firm Q/Q Growth	-29.82%	-4.96%	-431.58%	144.34%	-17.86%	191.93%	-15.84%	26.85%	0.95%	8.84%	8.35%
Invested Capital Q/Q Growth	-1.81%	0.31%	26.16%	1.57%	-0.97%	-8.52%	0.61%	-0.28%	-6.35%	-0.91%	-1.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.63%	60.71%	79.03%	67.47%	48.07%	49.95%	51.56%	49.71%	44.03%	47.37%	40.74%
EBITDA Margin	-7.16%	19.03%	2.91%	16.38%	12.28%	22.03%	23.19%	23.92%	-26.15%	22.91%	12.34%
Operating Margin	-5.59%	14.66%	-0.11%	12.83%	6.46%	16.34%	17.55%	17.46%	-32.85%	16.44%	8.56%
EBIT Margin	-14.78%	12.72%	-0.31%	11.13%	6.04%	16.26%	16.10%	17.38%	-32.91%	16.72%	5.32%
Profit (Net Income) Margin	-12.61%	7.69%	-0.83%	1.71%	-1.36%	14.50%	5.37%	7.99%	-41.34%	5.83%	-4.69%
Tax Burden Percent	73.80%	72.15%	45.57%	21.31%	-1,830.48%	128.86%	65.59%	70.86%	97.96%	69.63%	84.41%
Interest Burden Percent	115.62%	83.78%	596.32%	71.92%	1.23%	69.21%	50.89%	64.84%	128.21%	50.04%	-104.40%
Effective Tax Rate	0.00%	35.70%	0.00%	24.58%	290.54%	26.53%	38.05%	29.14%	0.00%	30.37%	0.00%
Return on Invested Capital (ROIC)	-3.29%	6.90%	-0.10%	7.47%	-7.90%	8.61%	6.62%	6.06%	-11.67%	7.24%	3.37%
ROIC Less NNEP Spread (ROIC-NNEP)	-88.42%	1.30%	-3.30%	-8.80%	4.50%	11.58%	0.87%	2.42%	-26.30%	2.08%	-5.67%
Return on Net Nonoperating Assets (RNNOA)	-8.32%	0.38%	-1.45%	-5.35%	5.89%	17.53%	1.22%	3.50%	-46.00%	4.58%	-11.24%
Return on Equity (ROE)	-11.61%	7.28%	-1.55%	2.12%	-2.02%	26.13%	7.83%	9.55%	-57.67%	11.82%	-7.87%
Cash Return on Invested Capital (CROIC)	-104.77%	2.96%	-20.39%	6.85%	-65.13%	17.68%	-61.55%	6.82%	9.38%	11.00%	6.94%
Operating Return on Assets (OROA)	-7.13%	6.51%	-0.28%	6.05%	2.87%	7.17%	6.38%	6.52%	-12.75%	7.91%	2.24%
Return on Assets (ROA)	-6.08%	3.94%	-0.76%	0.93%	-0.65%	6.40%	2.13%	2.99%	-16.01%	2.76%	-1.98%
Return on Common Equity (ROCE)	-11.60%	7.28%	-1.55%	2.12%	-2.02%	26.13%	6.81%	7.63%	-43.13%	7.84%	-5.30%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	11.10%	0.00%
Net Operating Profit after Tax (NOPAT)	-26	82	-1.33	112	-166	223	248	304	-527	287	129
NOPAT Margin	-3.91%	9.43%	-0.08%	9.68%	-12.32%	12.00%	10.87%	12.37%	-23.00%	11.44%	5.99%
Net Nonoperating Expense Percent (NNEP)	85.13%	5.60%	3.20%	16.27%	-12.40%	-2.97%	5.74%	3.63%	14.63%	5.16%	9.03%
Return On Investment Capital (ROIC_SIMPLE)	-1.97%	6.16%	-0.08%	6.93%	-5.92%	5.44%	4.85%	6.07%	-12.96%	7.38%	3.35%
Cost of Revenue to Revenue	48.37%	39.29%	20.97%	32.53%	51.93%	50.05%	48.44%	50.29%	55.97%	52.63%	59.26%
SG&A Expenses to Revenue	22.85%	19.88%	10.60%	20.21%	33.29%	26.80%	26.06%	25.40%	26.81%	24.15%	26.18%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	57.22%	46.05%	-20.86%	54.65%	41.60%	33.61%	34.01%	32.14%	76.85%	30.91%	32.18%
Earnings before Interest and Taxes (EBIT)	-97	111	-5.38	129	82	302	368	426	-755	420	114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-47	166	51	190	166	409	530	587	-600	575	265
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.69	1.62	1.30	1.33	1.39	1.07	1.02	0.64	0.91	0.21	0.43
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.33	1.75	0.70	1.06	0.92	0.67	0.70	0.45	0.29	0.08	0.16
Price to Earnings (P/E)	0.00	22.76	0.00	60.25	0.00	4.63	21.77	7.56	0.00	2.18	0.00
Dividend Yield	5.67%	0.00%	0.00%	1.31%	1.30%	1.31%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	4.39%	0.00%	1.66%	0.00%	21.59%	4.59%	13.22%	0.00%	45.90%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.53	1.46	1.18	1.20	1.15	1.03	1.00	0.87	0.98	0.81	0.89
Enterprise Value to Revenue (EV/Rev)	2.74	2.03	1.00	1.56	2.31	1.37	2.20	1.77	1.72	1.26	1.55
Enterprise Value to EBITDA (EV/EBITDA)	0.00	10.66	34.53	9.51	18.80	6.21	9.50	7.40	0.00	5.48	12.54
Enterprise Value to EBIT (EV/EBIT)	0.00	15.96	0.00	13.99	38.22	8.41	13.69	10.19	0.00	7.51	29.05
Enterprise Value to NOPAT (EV/NOPAT)	0.00	21.53	0.00	16.10	0.00	11.40	20.27	14.31	0.00	10.97	25.82
Enterprise Value to Operating Cash Flow (EV/OCF)	202.09	12.12	43.08	12.79	0.00	9.16	21.23	13.95	35.34	8.62	62.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	50.19	0.00	17.57	0.00	5.55	0.00	12.72	9.31	7.22	12.52
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.44	0.42	0.74	0.74	2.13	2.52	1.60	1.35	2.52	1.95	2.08
Long-Term Debt to Equity	0.44	0.41	0.73	0.74	2.12	2.51	1.59	1.34	2.51	1.94	2.07
Financial Leverage	0.09	0.29	0.44	0.61	1.31	1.51	1.39	1.44	1.75	2.21	1.98
Leverage Ratio	1.91	1.85	2.05	2.29	3.12	4.09	3.68	3.19	3.60	4.29	3.98
Compound Leverage Factor	2.21	1.55	12.24	1.64	0.04	2.83	1.87	2.07	4.62	2.15	-4.16
Debt to Total Capital	30.70%	29.36%	42.51%	42.65%	68.08%	71.61%	61.50%	57.41%	71.58%	66.15%	67.55%
Short-Term Debt to Total Capital	0.51%	0.49%	0.35%	0.19%	0.38%	0.26%	0.36%	0.37%	0.38%	0.40%	0.23%
Long-Term Debt to Total Capital	30.19%	28.87%	42.17%	42.46%	67.70%	71.35%	61.14%	57.04%	71.20%	65.75%	67.32%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.01%	8.24%	10.19%	10.70%	10.91%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	69.30%	70.64%	57.45%	57.35%	31.92%	28.39%	30.47%	34.33%	18.21%	23.12%	21.53%
Debt to EBITDA	-8.52	2.36	13.60	3.63	11.54	7.17	5.95	4.89	-4.86	4.48	9.78
Net Debt to EBITDA	-5.78	1.47	10.53	3.03	11.29	3.16	5.71	4.82	-4.76	4.42	9.62
Long-Term Debt to EBITDA	-8.37	2.32	13.49	3.62	11.48	7.14	5.91	4.86	-4.83	4.45	9.75
Debt to NOPAT	-15.60	4.77	-520.44	6.15	-11.51	13.16	12.68	9.46	-5.52	8.97	20.14
Net Debt to NOPAT	-10.58	2.97	-403.03	5.13	-11.26	5.80	12.19	9.33	-5.41	8.85	19.82
Long-Term Debt to NOPAT	-15.34	4.69	-516.19	6.12	-11.44	13.11	12.61	9.40	-5.49	8.91	20.07
Altman Z-Score	1.36	1.97	1.59	1.45	0.80	1.26	0.81	0.86	-0.06	0.68	0.47
Noncontrolling Interest Sharing Ratio	0.12%	0.00%	0.03%	0.03%	0.00%	0.00%	13.11%	20.09%	25.20%	33.67%	32.64%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.53	3.32	2.87	2.38	2.06	5.84	1.37	1.33	1.42	1.31	1.65
Quick Ratio	2.39	3.00	1.87	1.96	1.35	2.80	1.25	1.27	1.35	1.23	1.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-814	35	-277	103	-1,372	458	-2,310	342	424	436	266
Operating Cash Flow to CapEx	141.06%	565.37%	227.82%	299.22%	-45.05%	0.00%	390.16%	685.67%	187.24%	816.40%	974.13%
Free Cash Flow to Firm to Interest Expense	-53.93	1.96	-10.36	2.84	-17.02	4.93	-12.80	2.24	1.99	2.07	1.14
Operating Cash Flow to Interest Expense	0.59	8.12	1.53	3.89	-0.34	2.98	1.31	2.04	0.52	1.74	0.23
Operating Cash Flow Less CapEx to Interest Expense	0.17	6.68	0.86	2.59	-1.10	3.40	0.98	1.74	0.24	1.53	0.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.48	0.51	0.91	0.54	0.47	0.44	0.40	0.37	0.39	0.47	0.42
Accounts Receivable Turnover	4.82	4.99	8.28	4.39	4.04	4.55	4.56	4.18	3.79	4.26	3.78
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.05	3.52	8.06	5.17	4.44	5.20	5.70	5.36	5.02	5.52	0.00
Accounts Payable Turnover	13.88	14.44	18.56	14.89	25.36	19.25	14.55	14.81	16.13	14.92	15.53
Days Sales Outstanding (DSO)	75.75	73.14	44.11	83.05	90.37	80.26	80.04	87.23	96.36	85.71	96.53
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	26.30	25.28	19.66	24.51	14.40	18.96	25.09	24.65	22.62	24.46	23.50
Cash Conversion Cycle (CCC)	49.45	47.86	24.44	58.54	75.97	61.30	54.96	62.58	73.73	61.25	73.03
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,172	1,219	1,494	1,503	2,708	2,473	5,031	4,993	4,042	3,893	3,756
Invested Capital Turnover	0.84	0.73	1.29	0.77	0.64	0.72	0.61	0.49	0.51	0.63	0.56
Increase / (Decrease) in Invested Capital	789	47	275	9.38	1,205	-235	2,558	-38	-951	-149	-137
Enterprise Value (EV)	1,793	1,775	1,760	1,802	3,119	2,541	5,033	4,345	3,945	3,151	3,326
Market Capitalization	1,522	1,530	1,223	1,228	1,245	1,248	1,597	1,101	676	191	354
Book Value per Share	$10.74	$11.41	$11.44	$11.48	$11.10	$14.26	$18.90	$20.57	$8.75	$10.42	$9.31
Tangible Book Value per Share	($1.96)	($0.51)	($2.99)	($4.79)	($17.15)	($12.44)	($39.55)	($36.22)	($34.92)	($31.31)	($29.38)
Total Capital	1,300	1,339	1,631	1,615	2,813	4,097	5,118	5,003	4,069	3,894	3,840
Total Debt	399	393	693	689	1,915	2,934	3,148	2,872	2,912	2,576	2,594
Total Long-Term Debt	392	387	688	686	1,904	2,923	3,129	2,854	2,897	2,561	2,586
Net Debt	271	245	537	574	1,874	1,294	3,026	2,831	2,854	2,543	2,552
Capital Expenditures (CapEx)	6.29	26	18	47	61	-39	61	45	60	45	5.45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	75	114	252	169	310	120	109	160	179	139	275
Debt-free Net Working Capital (DFNWC)	189	248	400	276	342	1,746	209	178	214	163	303
Net Working Capital (NWC)	183	242	395	273	332	1,736	190	159	198	148	294
Net Nonoperating Expense (NNE)	57	15	13	92	-148	-46	126	108	421	141	230
Net Nonoperating Obligations (NNO)	271	273	556	577	1,811	1,310	3,061	2,862	2,886	2,575	2,510
Total Depreciation and Amortization (D&A)	50	55	56	61	84	107	162	160	155	155	151
Debt-free, Cash-free Net Working Capital to Revenue	11.44%	13.03%	14.35%	14.59%	22.90%	6.48%	4.75%	6.50%	7.79%	5.55%	12.78%
Debt-free Net Working Capital to Revenue	28.96%	28.40%	22.83%	23.84%	25.34%	94.02%	9.15%	7.24%	9.33%	6.50%	14.07%
Net Working Capital to Revenue	27.94%	27.65%	22.51%	23.58%	24.56%	93.45%	8.34%	6.48%	8.65%	5.88%	13.66%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.06)	$0.80	($0.16)	$0.25	($0.23)	$3.23	$0.87	$1.71	($11.84)	$1.01	($1.87)
Adjusted Weighted Average Basic Shares Outstanding	77.37M	83.34M	82.05M	81.37M	80.83M	81.42M	82.33M	83.22M	84.27M	85.74M	88.02M
Adjusted Diluted Earnings per Share	($1.06)	$0.79	($0.16)	$0.24	($0.23)	$3.21	$0.81	$1.62	($11.84)	$1.01	($1.87)
Adjusted Weighted Average Diluted Shares Outstanding	77.37M	83.64M	82.05M	81.93M	80.83M	81.83M	87.98M	87.35M	84.27M	86.07M	88.02M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	83.92M	81.95M	81.52M	80.66M	80.98M	81.75M	82.65M	83.58M	84.82M	86.70M	89.03M
Normalized Net Operating Profit after Tax (NOPAT)	18	83	27	129	81	237	260	309	168	298	114
Normalized NOPAT Margin	2.82%	9.51%	1.53%	11.19%	5.97%	12.77%	11.40%	12.59%	7.32%	11.86%	5.28%
Pre Tax Income Margin	-17.08%	10.66%	-1.83%	8.01%	0.07%	11.25%	8.19%	11.27%	-42.20%	8.37%	-5.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-6.40	6.17	-0.20	3.56	1.01	3.25	2.04	2.80	-3.53	2.00	0.49
NOPAT to Interest Expense	-1.70	4.57	-0.05	3.09	-2.07	2.40	1.38	1.99	-2.47	1.37	0.55
EBIT Less CapEx to Interest Expense	-6.82	4.73	-0.87	2.26	0.26	3.66	1.70	2.50	-3.81	1.78	0.47
NOPAT Less CapEx to Interest Expense	-2.11	3.13	-0.72	1.79	-2.82	2.81	1.04	1.69	-2.75	1.15	0.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-72.17%	0.00%	0.00%	83.02%	-89.10%	6.15%	36.73%	24.50%	-5.06%	0.00%	0.00%
Augmented Payout Ratio	-91.84%	66.04%	-122.36%	246.69%	-92.27%	6.15%	46.12%	24.50%	-5.06%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from E.W. Scripps' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	84,620,400.00	85,389,965.00	86,117,848.00	86,362,503.00	-	87,710,478.00	88,333,132.00	88,802,130.00	88,802,130.00	91,540,824.00	92,668,991.00
DEI Adjusted Shares Outstanding	84,620,400.00	85,389,965.00	86,117,848.00	86,362,503.00	-	87,710,478.00	88,333,132.00	88,802,130.00	88,802,130.00	91,540,824.00	92,668,991.00
DEI Earnings Per Adjusted Shares Outstanding	-3.17	-0.15	-0.15	0.38	-	-0.21	-0.59	-0.55	-0.51	-0.20	-12.60
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.57%	6.38%	-1.58%	14.08%	18.29%	-6.60%	-5.85%	-18.64%	-23.08%	-1.44%	-9.20%
EBITDA Growth	-182.46%	81.71%	116.10%	72.76%	234.60%	-33.63%	-21.17%	-58.28%	-73.60%	34.73%	-1,615.99%
EBIT Growth	-228.05%	277.91%	108.92%	123.64%	189.28%	-54.80%	-33.56%	-75.46%	-88.80%	95.08%	-3,256.44%
NOPAT Growth	-222.76%	11.81%	105.48%	130.43%	197.22%	49.09%	125.06%	-69.25%	-78.42%	-9.86%	-1,611.07%
Net Income Growth	-398.97%	108.77%	100.21%	1,407.86%	137.30%	-312.48%	-2,616.59%	-168.99%	-129.88%	48.19%	-3,101.30%
EPS Growth	-487.80%	59.46%	98.15%	294.74%	129.56%	-46.67%	-293.33%	-248.65%	-154.26%	9.09%	-2,049.15%
Operating Cash Flow Growth	-45.75%	198.39%	172.38%	480.19%	145.40%	-107.28%	-140.02%	-84.47%	-70.56%	205.95%	228.83%
Free Cash Flow Firm Growth	429.02%	1,061.32%	20.73%	-35.03%	-64.64%	-87.76%	-50.64%	-72.39%	-41.91%	68.84%	189.26%
Invested Capital Growth	-19.05%	-19.52%	-7.29%	-8.98%	-3.69%	-2.53%	-2.84%	-2.65%	-3.51%	-4.77%	-33.19%
Revenue Q/Q Growth	8.69%	-8.82%	2.17%	12.67%	12.70%	-28.01%	2.99%	-2.63%	6.54%	-7.74%	-5.12%
EBITDA Q/Q Growth	-275.92%	160.40%	-5.19%	71.49%	37.06%	-70.22%	12.62%	-9.25%	-13.25%	51.97%	-1,361.37%
EBIT Q/Q Growth	-472.12%	129.69%	-8.15%	120.37%	48.55%	-84.97%	35.02%	-18.61%	-32.22%	161.91%	-2,264.62%
NOPAT Q/Q Growth	-479.69%	109.14%	84.70%	259.44%	60.19%	-85.98%	178.81%	-50.89%	12.41%	-41.44%	-4,774.09%
Net Income Q/Q Growth	-6,901.42%	100.64%	-12.12%	3,243.32%	99.65%	-103.62%	-940.87%	8.35%	13.53%	93.72%	-64,215.64%
EPS Q/Q Growth	-1,573.68%	95.28%	0.00%	346.67%	154.05%	-123.40%	-168.18%	6.78%	7.27%	60.78%	-6,240.00%
Operating Cash Flow Q/Q Growth	157.79%	-27.26%	-41.98%	433.33%	9.03%	-102.16%	-218.80%	306.91%	106.77%	-92.23%	287.62%
Free Cash Flow Firm Q/Q Growth	11.21%	21.26%	-65.38%	39.16%	-39.47%	-58.01%	39.55%	-22.18%	27.36%	22.06%	139.08%
Invested Capital Q/Q Growth	-6.35%	-1.16%	0.58%	-2.23%	-0.91%	0.03%	0.25%	-2.05%	-1.78%	-1.27%	-29.66%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.30%	41.49%	42.98%	50.88%	52.27%	39.52%	41.92%	40.80%	40.68%	39.87%	40.03%
EBITDA Margin	-26.64%	17.65%	16.38%	24.92%	30.31%	12.54%	13.71%	12.78%	10.41%	17.14%	-227.86%
Operating Margin	-32.74%	7.73%	9.71%	18.84%	26.31%	5.24%	14.18%	7.15%	7.55%	4.79%	-236.04%
EBIT Margin	-33.03%	10.76%	9.67%	18.91%	24.93%	5.20%	6.82%	5.70%	3.63%	10.30%	-235.01%
Profit (Net Income) Margin	-41.54%	0.29%	0.25%	7.39%	13.10%	-0.66%	-6.66%	-6.27%	-5.09%	-0.35%	-234.76%
Tax Burden Percent	98.95%	29.73%	42.77%	70.32%	71.59%	20.99%	143.21%	88.63%	69.95%	40.24%	95.28%
Interest Burden Percent	127.09%	9.06%	6.02%	55.58%	73.38%	-60.30%	-68.15%	-123.99%	-200.43%	-8.35%	104.84%
Effective Tax Rate	0.00%	70.27%	57.23%	29.68%	28.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-11.63%	1.19%	2.30%	7.71%	11.91%	2.30%	6.11%	3.00%	2.97%	1.89%	-106.22%
ROIC Less NNEP Spread (ROIC-NNEP)	-15.62%	0.80%	1.53%	6.36%	10.38%	1.46%	2.83%	0.75%	0.69%	1.13%	-119.54%
Return on Net Nonoperating Assets (RNNOA)	-27.32%	1.39%	3.38%	13.52%	22.92%	3.18%	6.30%	1.59%	1.36%	2.22%	-440.25%
Return on Equity (ROE)	-38.95%	2.59%	5.69%	21.23%	34.83%	5.48%	12.42%	4.58%	4.33%	4.11%	-546.47%
Cash Return on Invested Capital (CROIC)	9.38%	10.29%	6.74%	9.73%	11.00%	10.11%	9.73%	6.32%	6.94%	8.22%	17.16%
Operating Return on Assets (OROA)	-12.79%	4.27%	4.08%	8.29%	11.80%	2.46%	3.21%	2.56%	1.53%	4.40%	-112.66%
Return on Assets (ROA)	-16.09%	0.11%	0.11%	3.24%	6.20%	-0.31%	-3.13%	-2.81%	-2.14%	-0.15%	-112.54%
Return on Common Equity (ROCE)	-29.13%	1.93%	3.87%	14.54%	23.10%	3.64%	8.20%	3.04%	2.92%	2.77%	-216.79%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-141	13	24	86	137	19	54	26	30	17	-810
NOPAT Margin	-22.92%	2.30%	4.15%	13.25%	18.83%	3.67%	9.93%	5.01%	5.28%	3.35%	-165.23%
Net Nonoperating Expense Percent (NNEP)	3.99%	0.40%	0.78%	1.35%	1.53%	0.84%	3.28%	2.25%	2.29%	0.76%	13.31%
Return On Investment Capital (ROIC_SIMPLE)	-3.47%	0.32%	0.59%	2.16%	3.52%	0.49%	1.37%	0.67%	0.77%	0.46%	-31.23%
Cost of Revenue to Revenue	54.70%	58.51%	57.02%	49.12%	47.73%	60.48%	58.08%	59.20%	59.32%	60.13%	59.97%
SG&A Expenses to Revenue	26.92%	25.95%	26.42%	23.95%	0.00%	26.17%	26.55%	26.13%	25.87%	28.21%	29.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	77.98%	33.76%	33.26%	32.01%	25.89%	34.35%	27.73%	33.64%	33.07%	35.22%	276.22%
Earnings before Interest and Taxes (EBIT)	-203	60	55	122	182	27	37	30	20	53	-1,153
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-164	99	94	161	221	66	74	67	58	89	-1,117
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.91	0.45	0.36	0.24	0.21	0.28	0.30	0.26	0.43	0.40	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.29	0.14	0.12	0.08	0.08	0.10	0.11	0.09	0.16	0.15	0.12
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	2.18	3.15	6.02	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	45.90%	31.76%	16.61%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.98	0.89	0.87	0.84	0.81	0.83	0.83	0.84	0.89	0.86	1.20
Enterprise Value to Revenue (EV/Rev)	1.72	1.53	1.51	1.38	1.26	1.31	1.33	1.39	1.55	1.49	1.50
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	28.66	17.38	5.48	5.97	6.23	7.51	12.54	11.08	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	95.22	7.51	8.37	8.84	11.65	29.05	22.73	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	244.75	10.97	10.87	11.99	22.81	25.82	25.15	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	35.34	25.14	22.10	12.02	8.62	10.21	11.62	19.92	62.63	53.26	37.24
Enterprise Value to Free Cash Flow (EV/FCFF)	9.31	7.74	12.44	8.24	7.22	8.11	8.44	13.10	12.52	10.21	5.60
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.52	2.47	2.46	2.26	1.95	1.97	2.03	2.10	2.08	2.05	24.77
Long-Term Debt to Equity	2.51	2.46	2.44	2.25	1.94	1.94	1.97	2.09	2.07	2.05	24.77
Financial Leverage	1.75	1.75	2.22	2.13	2.21	2.18	2.22	2.13	1.98	1.96	3.68
Leverage Ratio	3.60	3.60	4.23	4.15	4.29	4.21	4.22	4.17	3.98	3.91	6.28
Compound Leverage Factor	4.58	0.33	0.25	2.31	3.15	-2.54	-2.87	-5.17	-7.98	-0.33	6.58
Debt to Total Capital	71.58%	71.19%	71.07%	69.30%	66.15%	66.33%	67.04%	67.73%	67.55%	67.18%	96.12%
Short-Term Debt to Total Capital	0.38%	0.39%	0.39%	0.39%	0.40%	1.04%	2.01%	0.23%	0.23%	0.00%	0.00%
Long-Term Debt to Total Capital	71.20%	70.80%	70.68%	68.91%	65.75%	65.29%	65.02%	67.50%	67.32%	67.18%	96.12%
Preferred Equity to Total Capital	10.19%	10.29%	10.30%	10.48%	10.70%	10.65%	10.68%	10.72%	10.91%	11.05%	16.16%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	18.21%	18.50%	18.62%	20.19%	23.12%	23.02%	22.26%	21.55%	21.53%	21.75%	-12.31%
Debt to EBITDA	-4.86	-5.17	23.48	14.48	4.48	4.80	5.03	6.18	9.78	8.85	-2.76
Net Debt to EBITDA	-4.76	-5.08	23.06	14.18	4.42	4.73	4.94	6.02	9.62	8.47	-2.72
Long-Term Debt to EBITDA	-4.83	-5.14	23.35	14.40	4.45	4.73	4.88	6.16	9.75	8.85	-2.76
Debt to NOPAT	-5.52	-5.65	-82.97	203.92	8.97	8.73	9.67	18.79	20.14	20.09	-3.38
Net Debt to NOPAT	-5.41	-5.54	-81.51	199.59	8.85	8.60	9.50	18.29	19.82	19.24	-3.33
Long-Term Debt to NOPAT	-5.49	-5.62	-82.52	202.77	8.91	8.60	9.38	18.73	20.07	20.09	-3.38
Altman Z-Score	0.28	0.40	0.40	0.45	0.53	0.45	0.43	0.42	0.41	0.42	-1.04
Noncontrolling Interest Sharing Ratio	25.20%	25.41%	32.00%	31.53%	33.67%	33.58%	33.99%	33.70%	32.64%	32.65%	60.33%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.42	1.43	1.50	1.34	1.31	1.36	1.27	1.61	1.65	1.58	1.34
Quick Ratio	1.35	1.34	1.38	1.25	1.23	1.24	1.19	1.41	1.32	1.45	1.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	810	982	340	473	286	120	168	131	166	203	485
Operating Cash Flow to CapEx	394.96%	205.24%	112.93%	1,114.04%	2,395.92%	-105.82%	0.00%	145.65%	325.06%	139.07%	82.61%
Free Cash Flow to Firm to Interest Expense	14.60	17.88	6.52	8.69	5.86	2.75	2.72	1.95	2.69	3.56	8.82
Operating Cash Flow to Interest Expense	1.13	0.83	0.51	2.58	3.14	-0.08	-0.17	0.33	0.73	0.06	0.25
Operating Cash Flow Less CapEx to Interest Expense	0.84	0.42	0.06	2.35	3.01	-0.15	0.26	0.10	0.51	0.02	-0.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.40	0.42	0.44	0.47	0.47	0.47	0.45	0.42	0.43	0.48
Accounts Receivable Turnover	3.79	4.09	3.94	4.16	4.26	4.55	4.31	4.17	3.78	4.09	3.88
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	5.02	5.13	5.06	5.26	5.52	5.57	5.46	5.29	0.00	5.17	4.91
Accounts Payable Turnover	16.13	15.41	15.53	20.18	14.92	14.35	16.99	19.01	15.53	15.36	18.78
Days Sales Outstanding (DSO)	96.36	89.27	92.74	87.77	85.71	80.25	84.73	87.62	96.53	89.24	94.18
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	22.62	23.69	23.51	18.08	24.46	25.43	21.49	19.20	23.50	23.77	19.44
Cash Conversion Cycle (CCC)	73.73	65.57	69.24	69.68	61.25	54.82	63.25	68.42	73.03	65.47	74.74
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,042	3,995	4,018	3,929	3,893	3,894	3,904	3,824	3,756	3,708	2,608
Invested Capital Turnover	0.51	0.52	0.55	0.58	0.63	0.63	0.62	0.60	0.56	0.56	0.64
Increase / (Decrease) in Invested Capital	-951	-969	-316	-388	-149	-101	-114	-104	-137	-186	-1,296
Enterprise Value (EV)	3,945	3,565	3,503	3,304	3,151	3,234	3,253	3,212	3,326	3,191	3,130
Market Capitalization	676	333	268	193	191	257	258	217	354	331	254
Book Value per Share	$8.75	$8.74	$8.80	$9.31	$10.42	$10.41	$9.93	$9.53	$9.31	$9.27	($3.49)
Tangible Book Value per Share	($34.92)	($34.28)	($33.94)	($32.81)	($31.31)	($30.90)	($30.65)	($30.22)	($29.38)	($29.22)	($28.11)
Total Capital	4,069	4,033	4,037	3,972	3,894	3,919	3,914	3,906	3,840	3,794	2,595
Total Debt	2,912	2,871	2,869	2,753	2,576	2,600	2,624	2,646	2,594	2,549	2,494
Total Long-Term Debt	2,897	2,855	2,854	2,737	2,561	2,559	2,545	2,637	2,586	2,549	2,494
Net Debt	2,854	2,817	2,819	2,694	2,543	2,560	2,577	2,576	2,552	2,441	2,457
Capital Expenditures (CapEx)	16	22	23	13	6.40	3.13	-27	15	14	2.52	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	179	178	206	140	139	175	179	222	275	148	125
Debt-free Net Working Capital (DFNWC)	214	208	232	175	163	199	211	276	303	243	150
Net Working Capital (NWC)	198	193	217	159	148	158	132	267	294	243	150
Net Nonoperating Expense (NNE)	115	11	22	38	42	23	90	59	58	19	341
Net Nonoperating Obligations (NNO)	2,886	2,833	2,850	2,709	2,575	2,574	2,614	2,564	2,510	2,463	2,508
Total Depreciation and Amortization (D&A)	39	39	38	39	39	38	37	37	38	35	35
Debt-free, Cash-free Net Working Capital to Revenue	7.79%	7.65%	8.88%	5.84%	5.55%	7.08%	7.33%	9.56%	12.78%	6.90%	5.98%
Debt-free Net Working Capital to Revenue	9.33%	8.95%	10.03%	7.28%	6.50%	8.05%	8.63%	11.91%	14.07%	11.34%	7.14%
Net Working Capital to Revenue	8.65%	8.28%	9.36%	6.63%	5.88%	6.41%	5.40%	11.53%	13.66%	11.34%	7.14%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.18)	($0.15)	($0.15)	$0.37	$0.94	($0.22)	($0.59)	($0.55)	($0.51)	($0.20)	($12.68)
Adjusted Weighted Average Basic Shares Outstanding	84.27M	85.39M	86.12M	86.36M	85.74M	87.71M	88.33M	88.80M	88.02M	91.54M	92.67M
Adjusted Diluted Earnings per Share	($3.18)	($0.15)	($0.15)	$0.37	$0.94	($0.22)	($0.59)	($0.55)	($0.51)	($0.20)	($12.68)
Adjusted Weighted Average Diluted Shares Outstanding	84.27M	85.39M	86.12M	86.36M	86.07M	87.71M	88.33M	88.80M	88.02M	91.54M	92.67M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	84.82M	85.39M	86.12M	86.36M	86.70M	87.71M	88.33M	88.80M	89.03M	91.54M	92.67M
Normalized Net Operating Profit after Tax (NOPAT)	-135	34	40	95	134	22	32	28	31	17	9.93
Normalized NOPAT Margin	-21.84%	6.05%	6.90%	14.71%	18.41%	4.21%	5.94%	5.31%	5.62%	3.37%	2.02%
Pre Tax Income Margin	-41.98%	0.97%	0.58%	10.51%	18.29%	-3.14%	-4.65%	-7.07%	-7.27%	-0.86%	-246.38%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.67	1.10	1.06	2.25	3.72	0.62	0.60	0.45	0.33	0.93	-20.95
NOPAT to Interest Expense	-2.54	0.23	0.46	1.57	2.81	0.44	0.87	0.39	0.48	0.30	-14.73
EBIT Less CapEx to Interest Expense	-3.95	0.70	0.62	2.01	3.59	0.55	1.03	0.22	0.10	0.89	-21.25
NOPAT Less CapEx to Interest Expense	-2.83	-0.17	0.01	1.34	2.68	0.37	1.30	0.17	0.25	0.26	-15.03
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-5.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-5.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

E.W. Scripps (NASDAQ: SSP) showed a mixed start to 2026, with improving operating cash flow and a major boost from divestitures, but the core business remains under pressure from losses, heavy interest expense, and a large debt load.

Operating cash flow turned positive in Q1 2026. SSP generated $3.5 million of cash from operations, a notable improvement from the $3.3 million outflow in Q1 2025 and the much stronger $45.1 million in Q4 2025.
Asset sales materially supported liquidity. The company recorded $127.2 million in divestiture-related cash in Q1 2026, helping drive $119.2 million of investing cash inflow for the quarter.
Cash balance improved sharply year over year. Cash and equivalents rose to $83.7 million at March 31, 2026, up from $23.9 million a year earlier.
Gross profit held up better than revenue. Q1 2026 revenue fell to $516.9 million from $524.4 million a year ago, but gross profit was still a healthy $206.1 million, indicating the company retained meaningful margin despite softer sales.
Debt was reduced on a net basis in the quarter. SSP repaid $118.7 million of debt while issuing $68.9 million, suggesting some balance sheet cleanup alongside the divestiture activity.
Revenue trends have been choppy rather than collapsing. Quarterly revenue has mostly stayed in the $516 million to $560 million range over the last five quarters, after a much stronger Q4 2024.
Quarterly operating income has been volatile. SSP posted operating income of $24.8 million in Q1 2026, down from $42.3 million in Q4 2025 but above Q1 2025’s $27.5 million and well below the strong Q3/Q4 2024 periods.
Preferred stock dividends continue to weigh on common shareholders. Q1 2026 net income was a $1.8 million loss, but losses attributable to common shareholders were deeper at $18.0 million after preferred dividends.
Net income remains negative. SSP lost $1.8 million in Q1 2026, following a $28.8 million loss in Q4 2025 and a $3.5 million loss in Q1 2025.
Interest expense is a major drag on earnings. Q1 2026 interest expense was $57.0 million, and cash interest paid was $81.3 million, showing how costly the debt structure remains.

Looking at the broader trend, SSP’s balance sheet is still highly leveraged. Long-term debt stood at $2.55 billion at the end of Q1 2026, versus total equity of $1.25 billion. That means the company is still carrying a heavy debt burden relative to its equity base, which limits flexibility and keeps pressure on profits.

One encouraging sign is that liquidity improved and cash generation is no longer uniformly weak. Over the last several quarters, operating cash flow has swung between losses and solid positive quarters, and the latest period was positive despite the net loss. However, the improvement was aided by non-core divestitures, so investors should watch whether core operations can sustain cash flow without asset sales.

Bottom line: SSP is making progress on liquidity and portfolio simplification, but the underlying business still faces margin pressure, high interest costs, and leverage. The stock likely remains a turnaround story rather than a clean fundamental recovery.

08/14/26 05:28 AM ETAI Generated. May Contain Errors.

E.W. Scripps Financials - Frequently Asked Questions

According to the most recent income statement we have on file, E.W. Scripps' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

E.W. Scripps' net income appears to be on an upward trend, with a most recent value of -$100.88 million in 2025, rising from -$82.48 million in 2015. The previous period was $146.22 million in 2024. Find out what analysts predict for E.W. Scripps in the coming months.

E.W. Scripps' total operating income in 2025 was $183.99 million, based on the following breakdown:

Total Gross Profit: $876.07 million
Total Operating Expenses: $692.07 million

Over the last 10 years, E.W. Scripps' total revenue changed from $654.18 million in 2015 to $2.15 billion in 2025, a change of 228.7%.

E.W. Scripps' total liabilities were at $3.76 billion at the end of 2025, a 3.0% decrease from 2024, and a 382.5% increase since 2015.

In the past 10 years, E.W. Scripps' cash and equivalents has ranged from $18.03 million in 2022 to $576.02 million in 2020, and is currently $27.92 million as of their latest financial filing in 2025.

Over the last 10 years, E.W. Scripps' book value per share changed from 10.74 in 2015 to 9.31 in 2025, a change of -13.3%.

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Financial statements for NASDAQ:SSP last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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E.W. Scripps (SSP) Financials

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E.W. Scripps (SSP) Financials

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E.W. Scripps Financials - Frequently Asked Questions

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How has E.W. Scripps' revenue changed over the last 10 years?

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