TEGNA (TGNA) Financials

$16.71 -0.18 (-1.07%)

Closing price 03:59 PM Eastern

Extended Trading

$16.72 +0.01 (+0.06%)

As of 04:21 PM Eastern

Annual Income Statements for TEGNA

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	600	477	630	477	483	286	406	274	437	460
Consolidated Net Income / (Loss)	599	476	631	478	483	286	406	215	488	523
Net Income / (Loss) Continuing Operations	599	476	631	478	483	286	401	448	309	230
Total Pre-Tax Income	773	607	834	614	637	376	509	311	449	346
Total Operating Income	785	734	991	802	871	559	698	546	708	630
Total Gross Profit	1,346	1,192	1,586	1,392	1,434	1,071	1,141	969	1,209	1,037
Total Revenue	3,102	2,911	3,279	2,991	2,938	2,299	2,207	1,903	2,004	1,765
Operating Revenue	3,102	2,911	3,279	2,991	2,938	2,299	2,207	1,903	2,004	1,765
Total Cost of Revenue	1,756	1,719	1,693	1,599	1,503	1,228	1,066	934	795	728
Operating Cost of Revenue	1,756	1,719	1,693	1,599	1,503	1,228	1,066	934	795	-
Total Operating Expenses	561	459	595	590	564	512	443	423	500	406
Selling, General & Admin Expense	446	478	475	465	439	407	368	342	390	379
Depreciation Expense	60	60	61	65	67	61	56	55	55	62
Amortization Expense	54	53	60	63	68	50	31	22	23	25
Impairment Charge	1.10	3.36	-0.32	-2.31	-	-5.34	-12	4.43	32	-59
Other Special Charges / (Income)	0.00	-136	0.00	0.00	-	-	-	-	-	-
Total Other Income / (Expense), net	-12	-127	-157	-189	-234	-183	-190	-235	-259	-285
Interest Expense	169	173	174	186	210	205	192	210	232	273
Interest & Investment Income	27	29	6.92	-9.71	10	10	14	10	-3.41	-2.80
Other Income / (Expense), net	130	17	10	6.82	-34	12	-11	-35	-23	-8.68
Income Tax Expense	174	130	202	135	154	89	107	-137	140	116
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.78	-0.38	0.73	1.24	-0.02	0.00	0.00	-59	51	63
Basic Earnings per Share	$3.55	$2.29	$2.82	$2.15	$2.20	$1.32	$1.88	$1.27	$2.02	-
Weighted Average Basic Shares Outstanding	168.43M	207.59M	223.65M	221.50M	219.23M	217.14M	216.18M	215.59M	216.36M	224.69M
Diluted Earnings per Share	$3.53	$2.28	$2.81	$2.14	$2.19	$1.31	$1.87	$1.26	$1.99	-
Weighted Average Diluted Shares Outstanding	169.17M	207.95M	224.49M	222.47M	219.73M	217.98M	216.62M	217.48M	219.68M	229.72M
Weighted Average Basic & Diluted Shares Outstanding	159.90M	176.11M	223.55M	221.54M	219.66M	217.82M	215.80M	215.50M	216.20M	225.30M
Cash Dividends to Common per Share	$0.49	$0.42	$0.38	$0.36	$0.28	$0.28	$0.28	$0.35	$0.56	$0.68

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	59	181	147	82	190	76	96	200	104	219	146
Consolidated Net Income / (Loss)	58	181	147	82	189	76	96	200	104	219	146
Net Income / (Loss) Continuing Operations	58	181	147	82	189	76	96	200	104	219	146
Total Pre-Tax Income	73	227	192	103	251	102	124	244	136	289	190
Total Operating Income	109	275	230	142	138	144	135	282	174	328	232
Total Gross Profit	239	415	369	278	284	303	275	301	313	484	374
Total Revenue	680	871	807	710	714	726	713	732	740	917	803
Operating Revenue	680	871	807	710	714	726	713	732	740	917	803
Total Cost of Revenue	441	456	438	432	431	423	438	431	427	433	429
Operating Cost of Revenue	441	456	438	432	431	423	438	431	427	433	429
Total Operating Expenses	130	139	139	136	146	159	140	19	140	156	142
Selling, General & Admin Expense	106	112	110	108	117	131	112	124	111	126	112
Depreciation Expense	15	15	16	15	14	15	15	15	15	15	15
Amortization Expense	8.85	13	13	14	14	13	13	13	14	15	15
Impairment Charge	0.00	-	0.00	0.00	1.10	-	0.00	3.36	0.00	-	-0.16
Total Other Income / (Expense), net	-36	-48	-38	-39	113	-41	-11	-37	-38	-40	-42
Interest Expense	42	43	42	42	42	44	43	43	43	44	43
Interest & Investment Income	8.07	8.52	7.02	5.87	5.57	5.79	7.39	8.54	7.57	11	-0.18
Other Income / (Expense), net	-1.82	-14	-2.70	-2.75	150	-3.38	25	-3.04	-2.40	-6.73	1.31
Income Tax Expense	15	47	45	21	61	26	28	44	32	70	44
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.36	-0.10	-0.26	-0.12	-0.30	-0.14	0.07	-0.01	-0.30	0.21	0.09
Basic Earnings per Share	$0.36	$1.12	$0.89	$0.48	$1.06	$0.43	$0.48	$0.92	$0.46	$0.98	$0.65
Weighted Average Basic Shares Outstanding	160.85M	168.43M	165.19M	169.51M	177.82M	207.59M	200.78M	217.83M	224.54M	223.65M	223.97M
Diluted Earnings per Share	$0.36	$1.10	$0.89	$0.48	$1.06	$0.42	$0.48	$0.92	$0.46	$0.97	$0.65
Weighted Average Diluted Shares Outstanding	161.92M	169.17M	165.75M	169.88M	178.44M	207.95M	201.22M	217.98M	224.84M	224.49M	224.92M
Weighted Average Basic & Diluted Shares Outstanding	160.72M	159.90M	161.12M	165.43M	169.61M	176.11M	196.97M	201.52M	225.03M	223.55M	223.29M
Cash Dividends to Common per Share	$0.13	-	$0.13	$0.13	$0.11	-	$0.11	$0.10	$0.10	-	$0.10

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	332	-191	495	16	12	-106	7.82	23	-57	11
Net Cash From Operating Activities	685	587	812	502	805	297	527	389	679	651
Net Cash From Continuing Operating Activities	685	587	812	502	805	297	527	389	679	651
Net Income / (Loss) Continuing Operations	599	476	631	478	483	286	406	215	488	523
Consolidated Net Income / (Loss)	599	476	631	478	483	286	406	215	488	523
Depreciation Expense	60	60	61	65	67	61	56	75	90	141
Amortization Expense	60	61	67	71	88	62	42	62	115	121
Non-Cash Adjustments To Reconcile Net Income	-86	-112	32	39	28	-7.29	-48	389	70	-167
Changes in Operating Assets and Liabilities, net	52	103	21	-152	139	-104	72	-351	-84	34
Net Cash From Investing Activities	32	-28	-51	-69	-60	-1,563	-374	176	-273	217
Net Cash From Continuing Investing Activities	32	-28	-51	-69	-60	-1,563	-374	176	-273	217
Purchase of Property, Plant & Equipment	-52	-55	-51	-63	-45	-88	-65	-77	-95	-119
Acquisitions	-54	-1.15	0.00	-13	-35	-1,514	-328	0.00	-206	-54
Purchase of Investments	-21	-0.37	-5.69	-1.79	-2.42	-4.99	-12	-6.41	-21	-34
Divestitures	0.26	0.12	0.47	0.30	5.03	22	16	205	8.44	411
Sale and/or Maturity of Investments	159	28	5.00	3.70	5.03	4.70	7.19	38	40	12
Other Investing Activities, net	0.00	0.00	0.32	4.94	13	17	7.40	16	0.00	0.00
Net Cash From Financing Activities	-385	-750	-266	-416	-734	1,160	-145	-543	-462	-858
Net Cash From Continuing Financing Activities	-385	-750	-266	-416	-734	1,160	-145	-543	-462	-858
Repayment of Debt	-6.45	0.00	-166	-338	-2,222	-732	-76	-1,057	-354	-515
Repurchase of Preferred Equity	-17	-13	-15	-	-	-	-	-	-	-
Repurchase of Common Equity	-275	-653	0.00	0.00	-	-	-5.83	-23	-162	-296
Payment of Dividends	-81	-84	-85	-78	-76	-61	-60	-133	-141	-177
Other Financing Activities, net	-4.67	0.00	0.00	-	14	-0.82	-2.44	-3.93	-20	-70
Cash Interest Paid	164	166	168	180	201	186	182	-	-	265
Cash Income Taxes Paid	134	126	171	179	85	84	63	-	-	106

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	23	157	91	15	70	-192	64	-194	131	175	176
Net Cash From Operating Activities	60	250	210	125	100	178	101	137	170	211	209
Net Cash From Continuing Operating Activities	60	250	210	125	100	178	101	137	170	211	209
Net Income / (Loss) Continuing Operations	58	181	147	82	189	76	96	200	104	219	146
Consolidated Net Income / (Loss)	58	181	147	82	189	76	96	200	104	219	146
Depreciation Expense	24	-26	29	29	28	-26	28	28	29	-30	30
Non-Cash Adjustments To Reconcile Net Income	13	24	13	13	-135	15	-14	-125	11	9.63	10
Changes in Operating Assets and Liabilities, net	-36	12	21	0.88	18	52	-9.54	33	27	-54	23
Net Cash From Investing Activities	-6.37	-17	-23	-15	86	-25	13	-12	-4.12	-15	-12
Net Cash From Continuing Investing Activities	-6.37	-17	-23	-15	86	-25	13	-12	-4.12	-15	-12
Purchase of Property, Plant & Equipment	-4.95	-16	-15	-16	-4.91	-25	-15	-12	-2.85	-16	-12
Acquisitions	0.00	-1.45	-	-	-53	-	-	-	-1.15	-	-
Purchase of Investments	-2.44	-1.39	-9.59	-0.80	-8.99	-0.01	-0.03	-0.17	-0.16	-0.98	-0.01
Sale of Property, Plant & Equipment	0.02	-	0.16	0.01	0.05	-	0.03	0.03	0.01	-	0.04
Sale and/or Maturity of Investments	0.99	1.61	2.33	2.17	153	0.46	28	-	0.02	1.55	-
Net Cash From Financing Activities	-30	-75	-97	-95	-117	-346	-51	-319	-35	-21	-21
Net Cash From Continuing Financing Activities	-30	-75	-97	-95	-117	-346	-51	-319	-35	-21	-21
Repayment of Debt	0.00	-	10	-1.90	-15	-	13	0.01	-13	15	-0.00
Repurchase of Common Equity	0.00	-50	-70	-72	-82	-325	-28	-300	0.00	-	-
Payment of Dividends	-20	-20	-20	-21	-20	-20	-23	-19	-21	-21	-21
Other Financing Activities, net	-9.74	12	-	-	-	13	-	-	-	-	-
Cash Interest Paid	73	8.55	73	8.38	74	9.21	74	9.20	74	9.24	74
Cash Income Taxes Paid	44	59	27	47	1.04	25	27	73	0.91	47	44

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,327	7,000	7,329	6,918	6,849	6,954	5,277	4,962	8,543	8,506
Total Current Assets	1,360	1,050	1,304	788	673	707	635	637	791	805
Cash & Equivalents	693	361	552	57	41	29	136	99	16	129
Accounts Receivable	616	634	672	658	565	601	446	439	407	575
Inventories, net	28	32	44	53	47	50	35	38	39	-
Prepaid Expenses	23	24	36	20	20	27	18	61	24	94
Plant, Property, & Equipment, net	444	452	457	467	470	486	375	335	375	458
Plant, Property & Equipment, gross	1,094	1,078	1,067	1,054	1,026	998	858	783	805	984
Accumulated Depreciation	650	626	610	587	556	512	483	447	430	526
Total Noncurrent Assets	5,522	5,498	5,568	5,663	5,706	5,761	4,266	3,990	7,377	7,242
Long-Term Investments	133	114	126	153	136	145	143	137	181	257
Goodwill	3,016	2,982	2,982	2,982	2,969	2,951	2,597	2,579	2,579	3,920
Intangible Assets	2,310	2,329	2,382	2,441	2,504	2,562	1,526	1,273	1,295	3,065
Other Noncurrent Operating Assets	64	73	78	87	97	103	0.00	-	-	-
Total Liabilities & Shareholders' Equity	7,327	7,000	7,329	6,918	6,849	6,954	5,277	4,962	8,543	8,506
Total Liabilities	4,301	4,276	4,240	4,382	4,776	5,364	3,936	3,967	5,943	6,025
Total Current Liabilities	466	423	391	375	424	361	369	325	619	607
Accounts Payable	87	115	76	73	58	52	83	53	66	125
Accrued Expenses	75	83	78	91	78	61	49	58	72	131
Current Deferred & Payable Income Tax Liabilities	51	6.01	23	11	64	3.33	19	0.00	11	16
Current Employee Benefit Liabilities	64	55	50	55	46	64	53	54	54	116
Other Current Liabilities	143	120	118	99	131	120	112	105	65	-
Other Current Nonoperating Liabilities	45	45	45	46	47	46	37	39	319	55
Total Noncurrent Liabilities	3,835	3,853	3,849	4,006	4,351	5,002	3,567	3,642	5,324	5,418
Long-Term Debt	3,076	3,073	3,069	3,232	3,553	4,179	2,944	3,007	4,043	4,169
Noncurrent Deferred & Payable Income Tax Liabilities	579	578	556	548	530	516	397	382	649	883
Noncurrent Employee Benefit Liabilities	66	70	74	58	86	127	139	144	187	179
Other Noncurrent Operating Liabilities	114	131	150	168	182	173	72	88	75	169
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	20	19	17	16	15	0.00	-	-	46	25
Total Equity & Noncontrolling Interests	3,005	2,705	3,072	2,520	2,058	1,590	1,341	995	2,553	2,457
Total Preferred & Common Equity	3,005	2,705	3,072	2,520	2,058	1,590	1,341	995	2,271	2,192
Total Common Equity	3,005	2,705	3,072	2,520	2,058	1,590	1,341	995	2,271	2,192
Common Stock	352	352	352	352	438	572	626	707	798	864
Retained Earnings	8,550	8,091	7,898	7,459	7,076	6,655	6,430	6,063	7,385	7,111
Treasury Stock	-5,791	-5,619	-5,053	-5,195	-5,334	-5,494	-5,578	-5,668	-5,750	-5,652
Accumulated Other Comprehensive Income / (Loss)	-107	-120	-126	-97	-121	-143	-137	-107	-162	-131

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	7,302	7,199	7,089	7,105	7,195	7,115	7,394	7,124
Total Current Assets	1,367	1,216	1,099	1,096	1,242	1,144	1,400	1,071
Cash & Equivalents	717	536	446	431	553	489	683	377
Accounts Receivable	602	616	616	616	616	604	648	599
Inventories, net	20	37	11	21	42	17	33	56
Prepaid Expenses	29	27	26	28	32	33	36	40
Plant, Property, & Equipment, net	434	443	446	443	441	442	445	457
Plant, Property & Equipment, gross	1,098	1,084	1,080	1,083	1,058	1,077	1,069	1,056
Accumulated Depreciation	664	641	634	640	616	635	623	599
Total Noncurrent Assets	5,501	5,540	5,545	5,566	5,511	5,530	5,549	5,597
Long-Term Investments	132	135	125	129	114	119	123	137
Goodwill	3,016	3,016	3,016	3,016	2,982	2,982	2,982	2,982
Intangible Assets	2,301	2,323	2,336	2,350	2,342	2,356	2,369	2,397
Other Noncurrent Operating Assets	52	66	68	71	73	74	76	81
Total Liabilities & Shareholders' Equity	7,302	7,199	7,089	7,105	7,195	7,115	7,394	7,124
Total Liabilities	4,242	4,307	4,269	4,288	4,216	4,193	4,225	4,229
Total Current Liabilities	974	467	426	434	358	333	378	395
Short-Term Debt	548	-	-	-	-	-	-	-
Accounts Payable	89	92	79	80	86	79	88	84
Accrued Expenses	95	96	93	97	75	68	74	110
Current Deferred & Payable Income Tax Liabilities	21	55	44	66	1.94	3.42	52	3.99
Current Employee Benefit Liabilities	56	66	44	48	58	39	41	54
Other Current Liabilities	152	146	122	130	125	100	111	131
Other Current Nonoperating Liabilities	12	12	44	12	12	45	13	12
Total Noncurrent Liabilities	3,269	3,841	3,843	3,854	3,858	3,860	3,847	3,834
Long-Term Debt	2,529	3,076	3,075	3,074	3,072	3,071	3,070	3,068
Noncurrent Deferred & Payable Income Tax Liabilities	581	576	577	578	577	575	557	555
Noncurrent Employee Benefit Liabilities	62	64	68	70	73	73	74	53
Other Noncurrent Operating Liabilities	97	124	123	132	136	141	146	157
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	21	20	20	19	18	18	18	17
Total Equity & Noncontrolling Interests	3,039	2,871	2,801	2,798	2,961	2,904	3,151	2,878
Total Preferred & Common Equity	3,039	2,871	2,801	2,798	2,961	2,904	3,151	2,878
Total Common Equity	3,039	2,871	2,801	2,798	2,961	2,904	3,151	2,878
Common Stock	352	352	352	352	397	352	352	352
Retained Earnings	8,532	8,394	8,281	8,248	8,063	7,989	7,880	7,704
Treasury Stock	-5,740	-5,759	-5,715	-5,684	-5,377	-5,314	-4,956	-5,068
Accumulated Other Comprehensive Income / (Loss)	-106	-116	-117	-118	-122	-123	-124	-110

This table displays calculated financial ratios and metrics derived from TEGNA's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.56%	-11.23%	9.63%	1.81%	27.76%	4.18%	15.99%	-5.04%	13.56%	-32.80%
EBITDA Growth	18.90%	-22.88%	19.41%	-4.69%	42.99%	-11.63%	21.30%	-27.23%	0.60%	-35.84%
EBIT Growth	22.01%	-25.03%	23.69%	-3.34%	46.58%	-16.89%	34.54%	-25.43%	10.15%	-44.09%
NOPAT Growth	5.57%	-23.20%	20.00%	-5.29%	54.96%	-22.70%	-29.98%	61.53%	16.37%	-22.48%
Net Income Growth	25.76%	-24.53%	32.00%	-0.95%	68.66%	-29.44%	88.64%	-55.93%	-6.64%	-53.76%
EPS Growth	54.82%	-18.86%	31.31%	-2.28%	67.18%	-29.95%	48.41%	-36.68%	0.00%	0.00%
Operating Cash Flow Growth	16.64%	-27.69%	61.91%	-37.70%	170.66%	-43.58%	35.38%	-42.62%	4.22%	-23.16%
Free Cash Flow Firm Growth	-10.88%	-11.34%	60.30%	-36.94%	169.98%	-473.65%	-34.81%	-85.49%	281.02%	212.48%
Invested Capital Growth	-0.87%	-2.87%	-1.40%	1.97%	-2.83%	39.36%	6.22%	8.71%	-44.59%	-6.65%
Revenue Q/Q Growth	4.89%	-6.17%	4.54%	-5.17%	9.04%	2.31%	7.39%	16.15%	54.46%	33.02%
EBITDA Q/Q Growth	21.03%	-12.19%	18.67%	-8.80%	36.75%	-2.68%	30.58%	13.82%	35.91%	-32.93%
EBIT Q/Q Growth	15.14%	-19.83%	12.30%	-16.94%	30.41%	-11.31%	18.48%	-0.75%	19.26%	-43.56%
NOPAT Q/Q Growth	22.06%	-19.65%	12.16%	-16.54%	34.26%	-14.83%	-30.29%	103.92%	19.34%	-20.36%
Net Income Q/Q Growth	21.15%	-23.07%	16.42%	-19.37%	49.93%	-21.17%	-26.04%	286.33%	-2.74%	-50.68%
EPS Q/Q Growth	23.86%	-19.43%	16.60%	-20.15%	50.00%	-21.56%	-26.38%	162.50%	-2.74%	0.00%
Operating Cash Flow Q/Q Growth	11.63%	-5.33%	6.90%	-20.63%	34.49%	-27.29%	42.35%	-32.35%	13.80%	-16.99%
Free Cash Flow Firm Q/Q Growth	11.54%	-6.22%	9.32%	-18.63%	21.90%	-13.18%	67.89%	-85.66%	593.30%	291.07%
Invested Capital Q/Q Growth	0.25%	-0.54%	1.16%	0.95%	1.07%	0.66%	-0.62%	9.79%	-45.48%	-2.67%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.39%	40.95%	48.37%	46.55%	48.83%	46.59%	51.71%	50.94%	60.31%	58.74%
EBITDA Margin	33.36%	29.90%	34.42%	31.60%	33.76%	30.16%	35.56%	34.00%	44.37%	50.08%
Operating Margin	25.30%	25.20%	30.21%	26.82%	29.65%	24.31%	31.64%	28.69%	35.34%	35.71%
EBIT Margin	29.50%	25.77%	30.52%	27.05%	28.49%	24.83%	31.12%	26.83%	34.17%	35.22%
Profit (Net Income) Margin	19.31%	16.36%	19.25%	15.99%	16.43%	12.45%	18.38%	11.30%	24.35%	29.62%
Tax Burden Percent	77.50%	78.53%	75.72%	77.92%	75.78%	76.20%	79.74%	69.21%	108.62%	151.21%
Interest Burden Percent	84.46%	80.86%	83.30%	75.85%	76.12%	65.79%	74.05%	60.85%	65.62%	55.61%
Effective Tax Rate	22.50%	21.47%	24.28%	22.08%	24.22%	23.80%	21.11%	-44.17%	31.20%	33.58%
Return on Invested Capital (ROIC)	11.38%	10.58%	13.48%	11.26%	11.84%	8.77%	13.99%	21.46%	9.88%	6.37%
ROIC Less NNEP Spread (ROIC-NNEP)	11.01%	6.65%	9.16%	6.74%	7.10%	4.65%	8.74%	-9.12%	9.92%	9.28%
Return on Net Nonoperating Assets (RNNOA)	9.46%	5.81%	8.96%	9.49%	14.52%	10.76%	20.75%	-9.49%	9.33%	11.08%
Return on Equity (ROE)	20.84%	16.39%	22.44%	20.75%	26.36%	19.53%	34.73%	11.97%	19.21%	17.45%
Cash Return on Invested Capital (CROIC)	12.25%	13.49%	14.89%	9.31%	14.70%	-24.12%	7.96%	13.11%	67.27%	13.25%
Operating Return on Assets (OROA)	12.78%	10.47%	14.05%	11.75%	12.13%	9.34%	13.42%	7.56%	8.03%	6.30%
Return on Assets (ROA)	8.36%	6.65%	8.86%	6.95%	7.00%	4.68%	7.92%	3.18%	5.72%	5.29%
Return on Common Equity (ROCE)	20.70%	16.29%	22.31%	20.61%	26.25%	19.53%	34.73%	10.87%	16.88%	15.86%
Return on Equity Simple (ROE_SIMPLE)	19.94%	17.61%	20.55%	18.98%	23.46%	18.00%	30.25%	21.61%	21.48%	23.85%
Net Operating Profit after Tax (NOPAT)	608	576	750	625	660	426	551	787	487	419
NOPAT Margin	19.61%	19.79%	22.88%	20.90%	22.47%	18.52%	24.97%	41.36%	24.31%	23.72%
Net Nonoperating Expense Percent (NNEP)	0.37%	3.93%	4.32%	4.53%	4.73%	4.12%	5.25%	30.57%	-0.03%	-2.91%
Return On Investment Capital (ROIC_SIMPLE)	10.00%	9.97%	12.22%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	56.61%	59.05%	51.63%	53.45%	51.17%	53.41%	48.29%	49.06%	39.69%	41.26%
SG&A Expenses to Revenue	14.39%	16.42%	14.47%	15.53%	14.94%	17.70%	16.66%	17.99%	19.45%	21.48%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.09%	15.75%	18.16%	19.73%	19.18%	22.28%	20.06%	22.25%	24.97%	23.03%
Earnings before Interest and Taxes (EBIT)	915	750	1,001	809	837	571	687	511	685	622
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,035	870	1,129	945	992	694	785	647	889	884
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.98	1.08	1.46	1.55	1.38	2.07	1.56	2.66	1.73	2.15
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
Price to Revenue (P/Rev)	0.95	1.00	1.37	1.30	0.97	1.43	0.95	1.39	1.96	2.67
Price to Earnings (P/E)	4.91	6.12	7.13	8.16	5.89	11.52	5.16	9.67	8.98	10.27
Dividend Yield	2.67%	2.69%	1.89%	2.02%	2.16%	1.84%	2.88%	2.42%	3.06%	58.16%
Earnings Yield	20.35%	16.35%	14.03%	12.25%	16.97%	8.68%	19.38%	10.34%	11.13%	9.74%
Enterprise Value to Invested Capital (EV/IC)	0.98	1.03	1.25	1.24	1.13	1.29	1.17	1.42	2.30	1.39
Enterprise Value to Revenue (EV/Rev)	1.68	1.90	2.11	2.32	2.12	3.18	2.16	2.85	4.04	4.98
Enterprise Value to EBITDA (EV/EBITDA)	5.04	6.36	6.12	7.33	6.29	10.53	6.06	8.37	9.11	9.95
Enterprise Value to EBIT (EV/EBIT)	5.70	7.38	6.90	8.57	7.45	12.79	6.93	10.61	11.83	14.14
Enterprise Value to NOPAT (EV/NOPAT)	8.58	9.61	9.20	11.09	9.45	17.14	8.63	6.88	16.62	21.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.62	9.42	8.50	13.82	7.75	24.55	9.02	13.91	11.93	13.50
Enterprise Value to Free Cash Flow (EV/FCFF)	7.97	7.53	8.33	13.41	7.61	0.00	15.18	11.26	2.44	10.10
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	1.13	0.99	1.27	1.71	2.63	2.20	3.02	1.56	1.68
Long-Term Debt to Equity	1.02	1.13	0.99	1.27	1.71	2.63	2.20	3.02	1.56	1.68
Financial Leverage	0.86	0.87	0.98	1.41	2.04	2.31	2.37	1.04	0.94	1.19
Leverage Ratio	2.49	2.47	2.53	2.99	3.77	4.17	4.38	3.76	3.36	3.30
Compound Leverage Factor	2.10	1.99	2.11	2.27	2.87	2.75	3.25	2.29	2.20	1.83
Debt to Total Capital	50.42%	53.01%	49.84%	56.03%	63.15%	72.44%	68.71%	75.14%	60.87%	62.69%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.01%	0.01%
Long-Term Debt to Total Capital	50.42%	53.01%	49.84%	56.03%	63.15%	72.44%	68.71%	75.12%	60.86%	62.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.33%	0.32%	0.28%	0.28%	0.27%	0.00%	0.00%	0.00%	4.94%	4.35%
Common Equity to Total Capital	49.25%	46.66%	49.88%	43.69%	36.58%	27.56%	31.29%	24.86%	34.19%	32.96%
Debt to EBITDA	2.97	3.53	2.72	3.42	3.58	6.03	3.75	4.65	4.55	4.72
Net Debt to EBITDA	2.17	2.98	2.12	3.20	3.40	5.77	3.40	4.28	4.33	4.28
Long-Term Debt to EBITDA	2.97	3.53	2.72	3.42	3.58	6.03	3.75	4.65	4.55	4.72
Debt to NOPAT	5.06	5.33	4.09	5.17	5.38	9.81	5.34	3.82	8.30	9.96
Net Debt to NOPAT	3.70	4.51	3.19	4.84	5.11	9.40	4.84	3.52	7.90	9.04
Long-Term Debt to NOPAT	5.06	5.33	4.09	5.17	5.38	9.81	5.34	3.82	8.30	9.96
Altman Z-Score	3.03	2.90	3.19	2.93	2.68	2.37	2.93	2.91	2.13	2.12
Noncontrolling Interest Sharing Ratio	0.68%	0.62%	0.60%	0.67%	0.41%	0.00%	0.00%	9.12%	12.15%	9.08%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.92	2.48	3.33	2.10	1.59	1.96	1.72	1.96	1.28	1.33
Quick Ratio	2.81	2.35	3.13	1.91	1.43	1.75	1.58	1.65	0.68	1.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	655	735	829	517	820	-1,172	314	481	3,316	870
Operating Cash Flow to CapEx	1,306.19%	1,073.70%	1,582.12%	795.25%	1,769.57%	336.68%	808.23%	506.50%	715.96%	548.33%
Free Cash Flow to Firm to Interest Expense	3.87	4.25	4.76	2.78	3.90	-5.70	1.63	2.29	14.29	3.19
Operating Cash Flow to Interest Expense	4.05	3.40	4.67	2.70	3.83	1.45	2.75	1.85	2.93	2.38
Operating Cash Flow Less CapEx to Interest Expense	3.74	3.08	4.37	2.36	3.61	1.02	2.41	1.49	2.52	1.95
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.41	0.46	0.43	0.43	0.38	0.43	0.28	0.24	0.18
Accounts Receivable Turnover	4.96	4.46	4.93	4.89	5.04	4.39	4.98	4.50	4.08	3.02
Inventory Turnover	58.90	45.48	34.85	31.84	31.01	28.94	29.20	24.46	0.00	0.00
Fixed Asset Turnover	6.92	6.40	7.10	6.38	6.15	5.34	6.21	5.36	4.81	3.14
Accounts Payable Turnover	17.36	17.98	22.70	24.40	27.35	18.18	15.65	15.68	8.34	5.32
Days Sales Outstanding (DSO)	73.53	81.85	74.00	74.59	72.45	83.16	73.23	81.14	89.41	120.74
Days Inventory Outstanding (DIO)	6.20	8.03	10.47	11.46	11.77	12.61	12.50	14.92	0.00	0.00
Days Payable Outstanding (DPO)	21.02	20.30	16.08	14.96	13.35	20.08	23.32	23.28	43.77	68.66
Cash Conversion Cycle (CCC)	58.70	69.58	68.39	71.10	70.87	75.69	62.41	72.78	45.65	52.08
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,320	5,367	5,526	5,604	5,496	5,656	4,059	3,821	3,515	6,344
Invested Capital Turnover	0.58	0.53	0.59	0.54	0.53	0.47	0.56	0.52	0.41	0.27
Increase / (Decrease) in Invested Capital	-47	-159	-79	108	-160	1,597	238	306	-2,829	-452
Enterprise Value (EV)	5,218	5,533	6,903	6,932	6,236	7,303	4,758	5,418	8,097	8,792
Market Capitalization	2,947	2,916	4,494	3,893	2,845	3,298	2,093	2,647	3,922	4,719
Book Value per Share	$18.65	$13.73	$13.76	$11.39	$9.39	$7.33	$6.23	$4.62	$10.59	$9.89
Tangible Book Value per Share	($14.41)	($13.23)	($10.26)	($13.12)	($15.57)	($18.08)	($12.92)	($13.28)	($7.48)	($21.62)
Total Capital	6,101	5,796	6,158	5,768	5,626	5,770	4,285	4,003	6,643	6,651
Total Debt	3,076	3,073	3,069	3,232	3,553	4,179	2,944	3,008	4,043	4,170
Total Long-Term Debt	3,076	3,073	3,069	3,232	3,553	4,179	2,944	3,007	4,043	4,169
Net Debt	2,251	2,598	2,391	3,022	3,376	4,005	2,665	2,772	3,847	3,783
Capital Expenditures (CapEx)	52	55	51	63	45	88	65	77	95	119
Debt-free, Cash-free Net Working Capital (DFCFNWC)	201	266	361	355	207	317	130	213	156	70
Debt-free Net Working Capital (DFNWC)	894	627	913	412	248	346	266	312	172	199
Net Working Capital (NWC)	894	627	913	412	248	346	266	312	172	198
Net Nonoperating Expense (NNE)	9.14	100	119	147	177	140	145	572	-0.78	-104
Net Nonoperating Obligations (NNO)	2,295	2,643	2,437	3,068	3,423	4,066	2,718	2,826	916	3,862
Total Depreciation and Amortization (D&A)	120	120	128	136	155	123	98	137	204	262
Debt-free, Cash-free Net Working Capital to Revenue	6.48%	9.13%	11.01%	11.88%	7.06%	13.78%	5.90%	11.21%	7.80%	3.96%
Debt-free Net Working Capital to Revenue	28.82%	21.54%	27.83%	13.79%	8.46%	15.05%	12.05%	16.41%	8.59%	11.28%
Net Working Capital to Revenue	28.82%	21.54%	27.83%	13.79%	8.46%	15.05%	12.05%	16.37%	8.56%	11.24%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.55	$2.29	$2.82	$2.15	$2.20	$1.32	$1.88	$0.00	$0.00	$1.27
Adjusted Weighted Average Basic Shares Outstanding	168.43M	207.59M	223.65M	221.50M	219.23M	217.14M	216.18M	215.59M	346.97M	360.33M
Adjusted Diluted Earnings per Share	$3.53	$2.28	$2.81	$2.14	$2.19	$1.31	$1.87	$0.00	$0.00	$1.25
Adjusted Weighted Average Diluted Shares Outstanding	169.17M	207.95M	224.49M	222.47M	219.73M	217.98M	216.62M	217.48M	352.30M	368.40M
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
Adjusted Weighted Average Basic & Diluted Shares Outstanding	159.90M	176.11M	223.55M	221.54M	219.66M	217.82M	215.80M	215.60M	344.34M	352.36M
Normalized Net Operating Profit after Tax (NOPAT)	609	472	750	623	660	422	542	385	509	379
Normalized NOPAT Margin	19.63%	16.21%	22.87%	20.84%	22.47%	18.35%	24.55%	20.24%	25.41%	21.49%
Pre Tax Income Margin	24.92%	20.84%	25.42%	20.52%	21.68%	16.34%	23.05%	16.33%	22.42%	19.59%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.41	4.34	5.75	4.36	3.98	2.78	3.58	2.43	2.95	2.28
NOPAT to Interest Expense	3.59	3.33	4.31	3.37	3.14	2.07	2.87	3.74	2.10	1.53
EBIT Less CapEx to Interest Expense	5.10	4.02	5.46	4.02	3.76	2.35	3.24	2.06	2.54	1.84
NOPAT Less CapEx to Interest Expense	3.28	3.02	4.02	3.03	2.92	1.64	2.53	3.38	1.69	1.10
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	13.58%	17.54%	13.43%	16.41%	15.84%	21.18%	14.86%	61.98%	28.88%	33.80%
Augmented Payout Ratio	59.46%	154.60%	13.43%	16.41%	15.84%	21.18%	16.30%	72.90%	62.05%	90.39%

This table displays calculated financial ratios and metrics derived from TEGNA's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-4.79%	19.93%	13.12%	-2.89%	-3.52%	-20.86%	-11.19%	-6.80%	-4.37%	18.39%	6.16%
EBITDA Growth	-58.28%	105.28%	35.94%	-45.27%	57.81%	-60.63%	-28.54%	22.89%	-22.19%	61.23%	7.04%
EBIT Growth	-62.69%	86.39%	41.92%	-50.06%	67.87%	-56.34%	-31.46%	27.11%	-24.42%	51.72%	9.23%
NOPAT Growth	-16.74%	105.08%	68.74%	-51.13%	-21.80%	-57.12%	-41.53%	39.18%	-15.28%	48.14%	8.76%
Net Income Growth	-69.19%	137.60%	52.92%	-59.00%	81.98%	-65.27%	-34.14%	51.65%	-22.55%	68.56%	13.57%
EPS Growth	-66.04%	161.90%	85.42%	-47.83%	130.43%	-56.70%	-26.15%	55.93%	-23.33%	70.18%	12.07%
Operating Cash Flow Growth	-40.60%	39.99%	107.25%	-8.99%	-41.09%	-15.62%	-51.58%	-29.74%	-13.18%	32.98%	43.26%
Free Cash Flow Firm Growth	-37.92%	0.02%	55.05%	-47.02%	-6.95%	-18.97%	-36.22%	44.75%	19.37%	446.89%	428.79%
Invested Capital Growth	-0.79%	-0.87%	-1.65%	-1.12%	-1.90%	-2.87%	-1.22%	-1.75%	-1.63%	-1.40%	-1.61%
Revenue Q/Q Growth	-21.88%	7.90%	13.58%	-0.54%	-1.60%	1.77%	-2.50%	-1.19%	-19.28%	14.20%	2.32%
EBITDA Q/Q Growth	-44.20%	-7.99%	52.55%	-46.73%	191.76%	-39.07%	-38.58%	53.59%	-32.54%	10.59%	5.63%
EBIT Q/Q Growth	-59.02%	15.15%	63.32%	-51.58%	115.08%	-12.32%	-42.53%	62.75%	-47.49%	37.64%	6.58%
NOPAT Q/Q Growth	-60.46%	24.13%	56.41%	8.46%	-2.61%	2.13%	-54.70%	73.55%	-46.60%	39.28%	7.82%
Net Income Q/Q Growth	-67.71%	22.68%	79.43%	-56.66%	149.04%	-21.05%	-51.90%	92.39%	-52.47%	49.71%	10.78%
EPS Q/Q Growth	-67.27%	23.60%	85.42%	-54.72%	152.38%	-12.50%	-47.83%	100.00%	-52.58%	49.23%	10.17%
Operating Cash Flow Q/Q Growth	-76.12%	18.90%	68.34%	24.31%	-43.74%	76.03%	-26.07%	-19.54%	-19.42%	1.02%	7.27%
Free Cash Flow Firm Q/Q Growth	-51.44%	0.15%	52.74%	-16.42%	-21.76%	55.24%	-47.81%	46.79%	-31.87%	22.19%	18.44%
Invested Capital Q/Q Growth	-0.38%	0.25%	-1.15%	0.49%	-0.46%	-0.54%	-0.62%	-0.30%	-1.44%	1.16%	-1.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.15%	47.66%	45.73%	39.18%	39.72%	41.70%	38.55%	41.15%	42.33%	52.83%	46.60%
EBITDA Margin	19.34%	27.08%	31.75%	23.64%	44.14%	15.82%	26.42%	41.95%	26.99%	31.80%	32.84%
Operating Margin	16.03%	31.64%	28.49%	19.97%	19.26%	19.80%	18.88%	38.50%	23.44%	35.79%	28.92%
EBIT Margin	15.76%	30.05%	28.16%	19.58%	40.23%	19.34%	22.44%	38.08%	23.12%	35.05%	29.08%
Profit (Net Income) Margin	8.57%	20.74%	18.24%	11.55%	26.50%	10.47%	13.50%	27.35%	14.05%	23.86%	18.20%
Tax Burden Percent	79.36%	79.44%	76.69%	79.46%	75.55%	74.24%	77.59%	81.90%	76.57%	75.82%	76.93%
Interest Burden Percent	68.53%	86.88%	84.48%	74.21%	87.19%	72.93%	77.49%	87.70%	79.36%	89.77%	81.34%
Effective Tax Rate	20.64%	20.56%	23.31%	20.54%	24.45%	25.76%	22.41%	18.10%	23.43%	24.18%	23.07%
Return on Invested Capital (ROIC)	7.34%	14.59%	12.07%	8.42%	7.78%	7.86%	8.37%	18.37%	10.61%	15.99%	12.67%
ROIC Less NNEP Spread (ROIC-NNEP)	6.15%	13.04%	10.87%	7.20%	11.34%	6.65%	8.04%	17.21%	9.49%	14.90%	11.53%
Return on Net Nonoperating Assets (RNNOA)	4.99%	11.21%	8.95%	6.34%	9.09%	5.81%	6.82%	15.99%	8.47%	14.58%	12.29%
Return on Equity (ROE)	12.32%	25.80%	21.02%	14.76%	16.88%	13.67%	15.19%	34.36%	19.08%	30.57%	24.96%
Cash Return on Invested Capital (CROIC)	11.96%	12.25%	10.97%	9.02%	11.99%	13.49%	14.43%	16.21%	14.87%	14.89%	13.77%
Operating Return on Assets (OROA)	6.71%	13.01%	11.57%	7.90%	16.01%	7.86%	9.73%	17.27%	10.53%	16.14%	12.98%
Return on Assets (ROA)	3.65%	8.98%	7.50%	4.66%	10.54%	4.25%	5.85%	12.40%	6.40%	10.98%	8.12%
Return on Common Equity (ROCE)	12.24%	25.62%	20.89%	14.66%	16.77%	13.58%	15.10%	34.15%	18.97%	30.39%	24.81%
Return on Equity Simple (ROE_SIMPLE)	15.40%	0.00%	17.22%	15.83%	20.07%	0.00%	20.91%	23.04%	19.07%	0.00%	18.84%
Net Operating Profit after Tax (NOPAT)	87	219	176	113	104	107	104	231	133	249	179
NOPAT Margin	12.72%	25.14%	21.85%	15.87%	14.55%	14.70%	14.65%	31.53%	17.95%	27.13%	22.25%
Net Nonoperating Expense Percent (NNEP)	1.18%	1.55%	1.20%	1.21%	-3.55%	1.21%	0.33%	1.16%	1.12%	1.09%	1.14%
Return On Investment Capital (ROIC_SIMPLE)	1.41%	3.60%	-	-	-	1.85%	-	-	-	4.05%	-
Cost of Revenue to Revenue	64.85%	52.34%	54.27%	60.82%	60.28%	58.30%	61.45%	58.86%	57.67%	47.17%	53.40%
SG&A Expenses to Revenue	15.54%	12.83%	13.64%	15.15%	16.39%	18.05%	15.70%	16.92%	15.02%	13.76%	13.94%
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	19.12%	16.01%	17.24%	19.21%	20.46%	21.90%	19.67%	2.65%	18.89%	17.04%	17.68%
Earnings before Interest and Taxes (EBIT)	107	262	227	139	287	140	160	279	171	321	234
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	132	236	256	168	315	115	188	307	200	292	264
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.96	0.98	0.91	0.84	0.93	1.08	0.97	1.23	1.16	1.46	1.54
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)	0.95	0.95	0.88	0.83	0.90	1.00	0.92	1.12	1.13	1.37	1.41
Price to Earnings (P/E)	6.21	4.91	5.27	5.32	4.64	6.12	4.62	5.33	6.11	7.13	8.19
Dividend Yield	2.74%	2.67%	2.31%	2.53%	2.18%	2.69%	2.81%	2.40%	2.32%	1.89%	1.91%
Earnings Yield	16.10%	20.35%	18.97%	18.78%	21.55%	16.35%	21.65%	18.76%	16.37%	14.03%	12.22%
Enterprise Value to Invested Capital (EV/IC)	0.97	0.98	0.95	0.91	0.96	1.03	0.98	1.11	1.09	1.25	1.28
Enterprise Value to Revenue (EV/Rev)	1.68	1.68	1.70	1.71	1.78	1.90	1.70	1.89	1.83	2.11	2.23
Enterprise Value to EBITDA (EV/EBITDA)	6.52	5.04	5.89	6.21	5.55	6.36	5.33	5.67	5.90	6.12	7.36
Enterprise Value to EBIT (EV/EBIT)	7.02	5.70	6.33	6.72	5.93	7.38	5.65	5.99	6.27	6.90	7.86
Enterprise Value to NOPAT (EV/NOPAT)	8.69	8.58	10.10	11.46	9.46	9.61	7.37	7.64	8.20	9.20	10.47
Enterprise Value to Operating Cash Flow (EV/OCF)	8.01	7.62	8.20	9.68	9.94	9.42	8.52	8.30	7.57	8.50	9.22
Enterprise Value to Free Cash Flow (EV/FCFF)	8.11	7.97	8.58	10.03	7.95	7.53	6.74	6.81	7.29	8.33	9.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.01	1.02	1.06	1.09	1.09	1.13	1.03	1.05	0.97	0.99	1.06
Long-Term Debt to Equity	0.83	1.02	1.06	1.09	1.09	1.13	1.03	1.05	0.97	0.99	1.06
Financial Leverage	0.81	0.86	0.82	0.88	0.80	0.87	0.85	0.93	0.89	0.98	1.07
Leverage Ratio	2.45	2.49	2.45	2.47	2.42	2.47	2.44	2.48	2.45	2.53	2.64
Compound Leverage Factor	1.68	2.17	2.07	1.84	2.11	1.80	1.89	2.17	1.95	2.27	2.14
Debt to Total Capital	50.15%	50.42%	51.54%	52.15%	52.18%	53.01%	50.77%	51.24%	49.21%	49.84%	51.45%
Short-Term Debt to Total Capital	8.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	41.21%	50.42%	51.54%	52.15%	52.18%	53.01%	50.77%	51.24%	49.21%	49.84%	51.45%
Preferred Equity 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%
Noncontrolling Interests to Total Capital	0.34%	0.33%	0.33%	0.33%	0.33%	0.32%	0.31%	0.30%	0.28%	0.28%	0.29%
Common Equity to Total Capital	49.52%	49.25%	48.12%	47.51%	47.50%	46.66%	48.93%	48.46%	50.51%	49.88%	48.26%
Debt to EBITDA	3.89	2.97	3.60	3.90	3.32	3.53	3.10	2.88	3.04	2.72	3.23
Net Debt to EBITDA	2.82	2.17	2.81	3.18	2.71	2.98	2.43	2.31	2.24	2.12	2.69
Long-Term Debt to EBITDA	3.20	2.97	3.60	3.90	3.32	3.53	3.10	2.88	3.04	2.72	3.23
Debt to NOPAT	5.18	5.06	6.17	7.21	5.66	5.33	4.28	3.88	4.23	4.09	4.59
Net Debt to NOPAT	3.75	3.70	4.83	5.87	4.63	4.51	3.35	3.11	3.12	3.19	3.82
Long-Term Debt to NOPAT	4.26	5.06	6.17	7.21	5.66	5.33	4.28	3.88	4.23	4.09	4.59
Altman Z-Score	2.58	2.73	2.64	2.55	2.64	2.62	2.63	2.80	2.69	2.89	2.81
Noncontrolling Interest Sharing Ratio	0.68%	0.68%	0.65%	0.66%	0.62%	0.62%	0.61%	0.61%	0.59%	0.60%	0.62%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.40	2.92	2.60	2.58	2.53	2.48	3.47	3.44	3.70	3.33	2.71
Quick Ratio	1.35	2.81	2.47	2.49	2.41	2.35	3.27	3.29	3.52	3.13	2.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	129	265	265	174	208	265	171	328	223	328	268
Operating Cash Flow to CapEx	1,210.74%	1,547.12%	1,376.70%	781.82%	2,065.86%	702.60%	685.80%	1,179.85%	6,016.49%	1,337.76%	1,689.00%
Free Cash Flow to Firm to Interest Expense	3.08	6.20	6.27	4.16	4.90	6.06	3.94	7.65	5.20	7.44	6.18
Operating Cash Flow to Interest Expense	1.43	5.83	4.97	2.99	2.37	4.07	2.33	3.20	3.97	4.80	4.82
Operating Cash Flow Less CapEx to Interest Expense	1.31	5.45	4.61	2.61	2.25	3.49	1.99	2.93	3.91	4.44	4.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.43	0.41	0.40	0.40	0.41	0.43	0.45	0.46	0.46	0.45
Accounts Receivable Turnover	5.04	4.96	4.80	4.69	4.57	4.46	5.11	5.20	4.98	4.93	5.16
Inventory Turnover	86.58	58.90	43.70	121.86	63.96	45.48	35.53	82.96	47.49	34.85	27.01
Fixed Asset Turnover	7.00	6.92	6.69	6.45	6.50	6.40	6.91	7.08	7.19	7.10	6.85
Accounts Payable Turnover	20.93	17.36	19.38	21.83	20.47	17.98	20.37	20.82	19.50	22.70	25.63
Days Sales Outstanding (DSO)	72.42	73.53	75.97	77.75	79.96	81.85	71.45	70.18	73.32	74.00	70.70
Days Inventory Outstanding (DIO)	4.22	6.20	8.35	3.00	5.71	8.03	10.27	4.40	7.69	10.47	13.51
Days Payable Outstanding (DPO)	17.44	21.02	18.83	16.72	17.83	20.30	17.92	17.54	18.72	16.08	14.24
Cash Conversion Cycle (CCC)	59.19	58.70	65.49	64.03	67.83	69.58	63.80	57.05	62.28	68.39	69.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,300	5,320	5,307	5,369	5,342	5,367	5,396	5,430	5,446	5,526	5,463
Invested Capital Turnover	0.58	0.58	0.55	0.53	0.53	0.53	0.57	0.58	0.59	0.59	0.57
Increase / (Decrease) in Invested Capital	-42	-47	-89	-61	-104	-159	-66	-97	-90	-79	-89
Enterprise Value (EV)	5,163	5,218	5,035	4,888	5,141	5,533	5,284	6,048	5,951	6,903	7,003
Market Capitalization	2,913	2,947	2,611	2,364	2,608	2,916	2,861	3,567	3,669	4,494	4,431
Book Value per Share	$19.01	$18.65	$17.36	$16.52	$15.89	$13.73	$14.69	$12.91	$14.10	$13.76	$12.90
Tangible Book Value per Share	($14.25)	($14.41)	($14.91)	($15.04)	($14.58)	($13.23)	($11.73)	($10.81)	($9.84)	($10.26)	($11.20)
Total Capital	6,137	6,101	5,967	5,895	5,891	5,796	6,051	5,993	6,239	6,158	5,964
Total Debt	3,077	3,076	3,076	3,075	3,074	3,073	3,072	3,071	3,070	3,069	3,068
Total Long-Term Debt	2,529	3,076	3,076	3,075	3,074	3,073	3,072	3,071	3,070	3,069	3,068
Net Debt	2,228	2,251	2,404	2,504	2,514	2,598	2,405	2,463	2,264	2,391	2,555
Capital Expenditures (CapEx)	4.93	16	15	16	4.86	25	15	12	2.83	16	12
Debt-free, Cash-free Net Working Capital (DFCFNWC)	225	201	213	228	231	266	332	322	339	361	299
Debt-free Net Working Capital (DFNWC)	942	894	749	673	662	627	885	811	1,022	913	676
Net Working Capital (NWC)	393	894	749	673	662	627	885	811	1,022	913	676
Net Nonoperating Expense (NNE)	28	38	29	31	-85	31	8.23	31	29	30	33
Net Nonoperating Obligations (NNO)	2,241	2,295	2,416	2,548	2,525	2,643	2,417	2,507	2,277	2,437	2,567
Total Depreciation and Amortization (D&A)	24	-26	29	29	28	-26	28	28	29	-30	30
Debt-free, Cash-free Net Working Capital to Revenue	7.34%	6.48%	7.20%	7.94%	8.02%	9.13%	10.69%	10.08%	10.43%	11.01%	9.54%
Debt-free Net Working Capital to Revenue	30.70%	28.82%	25.33%	23.51%	22.95%	21.54%	28.52%	25.41%	31.48%	27.83%	21.55%
Net Working Capital to Revenue	12.82%	28.82%	25.33%	23.51%	22.95%	21.54%	28.52%	25.41%	31.48%	27.83%	21.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.36	$1.12	$0.89	$0.48	$1.06	$0.43	$0.48	$0.92	$0.46	$0.98	$0.65
Adjusted Weighted Average Basic Shares Outstanding	160.85M	168.43M	165.19M	169.51M	177.82M	207.59M	200.78M	217.83M	224.54M	223.65M	223.97M
Adjusted Diluted Earnings per Share	$0.36	$1.10	$0.89	$0.48	$1.06	$0.42	$0.48	$0.92	$0.46	$0.97	$0.65
Adjusted Weighted Average Diluted Shares Outstanding	161.92M	169.17M	165.75M	169.88M	178.44M	207.95M	201.22M	217.98M	224.84M	224.49M	224.92M
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	160.72M	159.90M	161.12M	165.43M	169.61M	176.11M	196.97M	201.52M	225.03M	223.55M	223.29M
Normalized Net Operating Profit after Tax (NOPAT)	87	219	176	113	105	107	104	122	133	249	179
Normalized NOPAT Margin	12.72%	25.14%	21.85%	15.87%	14.67%	14.70%	14.65%	16.68%	17.95%	27.13%	22.23%
Pre Tax Income Margin	10.80%	26.11%	23.79%	14.53%	35.07%	14.10%	17.39%	33.40%	18.35%	31.47%	23.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.56	6.11	5.37	3.33	6.78	3.21	3.69	6.51	3.99	7.30	5.38
NOPAT to Interest Expense	2.07	5.11	4.17	2.70	2.45	2.44	2.41	5.39	3.10	5.65	4.12
EBIT Less CapEx to Interest Expense	2.45	5.73	5.01	2.95	6.67	2.63	3.35	6.24	3.92	6.94	5.10
NOPAT Less CapEx to Interest Expense	1.95	4.73	3.81	2.32	2.34	1.86	2.07	5.12	3.03	5.29	3.83
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	17.42%	13.58%	16.55%	18.93%	14.61%	17.54%	13.62%	12.39%	14.14%	13.43%	15.60%
Augmented Payout Ratio	58.53%	59.46%	127.78%	133.37%	145.54%	154.60%	66.58%	57.23%	14.14%	13.43%	15.60%

Frequently Asked Questions About TEGNA's Financials

When does TEGNA's financial year end?

According to the most recent income statement we have on file, TEGNA's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has TEGNA's net income changed over the last 9 years?

TEGNA's net income appears to be on an upward trend, with a most recent value of $599.04 million in 2024, rising from $522.69 million in 2015. The previous period was $476.35 million in 2023. See TEGNA's forecast for analyst expectations on what’s next for the company.

What is TEGNA's operating income?

TEGNA's total operating income in 2024 was $784.78 million, based on the following breakdown:

Total Gross Profit: $1.35 billion
Total Operating Expenses: $561.07 million

How has TEGNA revenue changed over the last 9 years?

Over the last 9 years, TEGNA's total revenue changed from $1.76 billion in 2015 to $3.10 billion in 2024, a change of 75.8%.

How much debt does TEGNA have?

TEGNA's total liabilities were at $4.30 billion at the end of 2024, a 0.6% increase from 2023, and a 28.6% decrease since 2015.

How much cash does TEGNA have?

In the past 9 years, TEGNA's cash and equivalents has ranged from $15.88 million in 2016 to $693.21 million in 2024, and is currently $693.21 million as of their latest financial filing in 2024.

How has TEGNA's book value per share changed over the last 9 years?

Over the last 9 years, TEGNA's book value per share changed from 9.89 in 2015 to 18.65 in 2024, a change of 88.6%.

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This page (NYSE:TGNA) was last updated on 5/30/2025 by MarketBeat.com Staff

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TEGNA (TGNA) Financials

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TEGNA (TGNA) Financials

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