Saga Communications, Inc. Class A Common Stock (SGA) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	-$0.18	$0.15	+183.3%	—	$26.4M	—
Q1 26	$0.04	-$1.07	-2775.0%	—	—	—
Q4 25	$0.21	-$0.08	-138.1%	—	—	—
Q3 25	$0.19	$0.18	-5.3%	—	—	—
Q2 25	-$0.33	-$0.25	+24.2%	—	—	—
Q1 25	-$0.12	$0.2	+266.7%	—	—	—
Q4 24	$0.13	$0.2	+53.8%	—	—	—
Q3 24	$0.29	$0.4	+37.9%	—	—	—
Q2 24	—	-$0.25	—	—	—	—
Q1 24	$0.31	$0.37	+19.4%	—	—	—
Q4 23	$0.47	$0.4	-14.9%	—	—	—
Q3 23	$0.48	$0.51	+6.3%	—	—	—
Q2 23	—	$0.15	—	—	—	—
Q1 23	—	$0.7	—	—	—	—
Q4 22	—	$0.62	—	—	—	—
Q3 22	—	$0.63	—	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$1.22	—	—	$107.1M	—
FY24	—	$0.55	—	—	$112.9M	—
FY23	—	$1.52	—	—	$112.8M	—
FY22	—	$1.52	—	—	$114.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$119M	$118.1M	$124.8M	$123.1M	$95.8M	$108.3M	$114.9M	$112.8M	$112.9M	$107.1M
YoY change	+6.41%	-0.68%	+5.65%	-1.41%	-22.1%	+13.1%	+6.05%	-1.85%	+0.13%	-5.14%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	119M	118.1M	124.8M	123.1M	95.8M	108.3M	114.9M	112.8M	112.9M	107.1M
Cost of revenue	86.8M	87.8M	93.7M	92.7M	81.6M	83.2M	87.5M	90.2M	96.9M	91.8M
Gross profit	32.2M	30.4M	31.1M	30.4M	14.2M	25.1M	27.4M	22.6M	16M	15.3M
Gross margin	27%	25.7%	24.9%	24.7%	14.8%	23.2%	23.8%	20%	14.2%	14.3%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	11M	11.7M	11.4M	11.5M	11.6M	10M	14.3M	11M	12.6M	12.3M
Operating expenses	9.6M	11.7M	11.4M	11.6M	10.3M	10M	14.3M	11.1M	13.7M	800K
Operating income	22.5M	18.7M	19.7M	18.8M	3.9M	15.1M	13.1M	11.5M	2.4M	9.4M
Operating margin	18.9%	15.8%	15.8%	15.3%	4.07%	13.9%	11.4%	10.2%	2.09%	8.73%
Non-operating income, net	—	-1.4M	23K	16K	-4.9M	634K	652K	119K	1.5M	-20.3M
Pretax income	21.8M	16.3M	19.4M	18.7M	-1.2M	15.4M	14M	12.9M	4.6M	-10.5M
Income tax	8.9M	-5.9M	5.7M	5.4M	705K	4.3M	4.8M	3.4M	1.1M	-2.6M
Net income	18.2M	54.7M	13.7M	13.3M	-1.9M	11.2M	9.2M	9.5M	3.5M	-7.9M
Net margin	15.3%	46.3%	11%	10.8%	-2%	10.3%	8.01%	8.42%	3.06%	-7.37%
EBITDA	28.4M	24.9M	27.1M	26.4M	10.8M	21.4M	19.3M	18.1M	10.2M	15.5M
EPS	3.1	9.27	2.3	2.23	-0.32	1.85	1.52	1.52	0.55	-1.22
Diluted EPS	3.09	9.27	2.3	2.23	-0.32	1.85	1.52	1.52	0.55	-1.22

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	29.1M	29.1M	24.7M	28.7M	28.1M	31.4M	24.2M	28.2M	28.2M	26.5M	22.9M	26.4M
Cost of revenue	22.8M	23.3M	23M	23.5M	23.5M	26.9M	22M	22.2M	24.7M	22.9M	22M	23.4M
Gross profit	6.4M	5.8M	1.7M	5.2M	4.7M	4.5M	2.2M	6M	3.5M	3.6M	855K	3M
Gross margin	21.9%	20%	6.82%	18.1%	16.6%	14.2%	9.29%	21.3%	12.4%	13.5%	3.74%	11.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	2.9M	3M	3.1M	3M	3M	3.5M	3.2M	3.1M	2.8M	3.3M	3M	2.7M
Operating expenses	2.9M	3M	4.1M	3.1M	3M	3.5M	3.2M	3.3M	2.8M	-8.6M	2.9M	2.7M
Operating income	3.5M	2.8M	-2.4M	2.1M	1.6M	984K	-2.3M	1.4M	-626K	10.9M	-3.3M	-894K
Operating margin	12%	9.59%	-9.8%	7.46%	5.85%	3.13%	-9.49%	4.99%	-2.22%	41%	-14.3%	-3.39%
Non-operating income, net	—	0	—	1.1M	78K	305K	23K	1K	81K	-20.4M	55K	1.5M
Pretax income	3.8M	3.2M	-2.2M	3.5M	1.9M	1.4M	-2.2M	1.5M	-437K	-9.4M	-3.1M	1.1M
Income tax	1.1M	665K	-580K	955K	590K	145K	-585K	385K	95K	-2.5M	-670K	150K
Net income	2.7M	2.5M	-1.6M	2.5M	1.3M	1.3M	-1.6M	1.1M	-532K	-6.9M	-2.4M	960K
Net margin	9.36%	8.58%	-6.39%	8.7%	4.51%	4.04%	-6.51%	4%	-1.89%	-26.1%	-10.5%	3.64%
EBITDA	5.1M	4.5M	-916K	4.8M	3.4M	3M	-727K	2.9M	978K	-8M	-1.8M	869K
EPS	0.45	0.37	-0.25	0.4	0.2	0.2	-0.25	0.18	-0.08	-1.07	-0.38	0.15
Diluted EPS	0.45	0.37	-0.25	0.4	0.2	0.2	-0.25	0.18	-0.08	-1.07	-0.38	0.15

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	289.8M	234.7M	193.7M	177.4M	141M	143.1M	141M	134.6M	67M	70.4M	52.8M
Enterprise value	299.4M	206.7M	169M	143.3M	99.7M	88.3M	94M	94.4M	44.2M	43.6M	37M
Shares outstanding	5.8M	5.8M	5.8M	5.8M	5.9M	5.9M	6M	6M	6.1M	6.2M	6.2M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	15.9	4.29	14.1	13.4	—	12.8	15.3	14.2	19.4	—	226
P/S	2.44	1.99	1.55	1.44	1.47	1.32	1.23	1.19	0.59	0.66	0.53
P/B	2.15	1.31	1.05	0.92	0.74	0.73	0.79	0.79	0.4	0.47	0.37
EV/EBITDA	10.5	8.29	6.23	5.43	9.22	4.12	4.87	5.21	4.33	2.81	-44.4
EV/Sales	2.52	1.75	1.35	1.16	1.04	0.82	0.82	0.84	0.39	0.41	0.36
Earnings yield	6.28%	23.3%	7.07%	7.49%	—	7.8%	6.53%	7.06%	5.16%	—	0.44%
FCF yield	4.31%	-11.4%	5.34%	10.6%	6.8%	10.5%	7.86%	8.19%	6.41%	3.44%	2.97%
PEG	—	—	—	—	—	—	—	—	—	—	-13.6

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	27%	25.7%	24.9%	24.7%	14.8%	23.2%	23.8%	20%	14.2%	14.3%	11.2%
Operating margin	18.9%	15.8%	15.8%	15.3%	4.07%	13.9%	11.4%	10.2%	2.09%	8.73%	-3.39%
Net margin	15.3%	46.3%	11%	10.8%	-2%	10.3%	8.01%	8.42%	3.06%	-7.37%	-8.55%
ROE	13.5%	30.5%	7.4%	6.9%	-1%	5.67%	5.15%	5.57%	2.09%	-5.21%	-5.7%
ROA	8.27%	22%	5.51%	5.26%	-0.78%	4.5%	3.82%	4.09%	1.56%	-3.92%	-1.74%
ROIC	9.23%	12.3%	8.67%	8.44%	2.61%	7.66%	6.53%	6.5%	1.25%	7.5%	4.85%
Return on tangible assets	63.1%	212.9%	92.5%	64.4%	-7.28%	39.6%	44%	75.6%	-174.1%	-41.2%	-165.6%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.29	3.64	2.96	3.81	5.09	3.88	2.31	2.16	2.84	3.04	2.24
Quick ratio	3.29	3.64	2.96	3.81	5.09	3.88	2.31	2.16	2.84	3.04	2.24
Debt / equity	0.27	0.14	0.11	0.05	0.05	—	—	—	0.03	0.03	0.07
Debt / assets	0.17	0.1	0.08	0.04	0.04	—	—	—	0.02	0.02	0.03
Net debt / EBITDA	0.34	-1.12	-0.91	-1.29	-3.83	—	—	—	-2.23	-1.72	2.87
Interest coverage	30.3	19.1	21.5	26.4	-2.55	55.3	108.7	75.4	14.1	-23.1	-28.2
Effective tax rate	40.7%	0%	29.4%	29%	0%	27.6%	34.3%	26.2%	24.3%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	20.6	20.4	21.4	21.1	16.3	18.3	19.2	18.7	18.6	17.4	17
EPS (basic)	3.1	9.27	2.3	2.23	-0.32	1.85	1.52	1.52	0.55	-1.22	-1.22
EPS (diluted)	3.09	9.27	2.3	2.23	-0.32	1.85	1.52	1.52	0.55	-1.22	-1.38
Book value per share	23.4	30.9	31.7	33	32.5	33.3	29.9	28.2	27.3	24.6	23.3
FCF per share	2.17	-4.61	1.78	3.23	1.63	2.53	1.85	1.82	0.71	0.39	-0.16
Cash per share	4.63	9.14	7.67	7.55	8.75	9.25	7.86	6.65	4.57	5.17	4.38
Capex per share	2.92	5.53	2.61	1.11	0.43	0.7	1.01	0.72	1.56	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	14.1%	27.2%	12.2%	5.28%	2.61%	3.8%	5.27%	3.86%	8.39%	—	—
Capex / operating cash flow	74.5%	143.3%	59.7%	25.8%	30.6%	21.6%	35.3%	28.5%	80.7%	—	—
Payout ratio	42%	9.71%	86.7%	64.9%	-194.2%	17.2%	215%	209.2%	650.9%	-81.4%	2K%
Dividend yield	2.63%	2.26%	6.13%	4.86%	2.64%	1.34%	14%	14.8%	33.6%	9.13%	12%

Yield

12%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Sep 23, 2026

Payout ratio

2000%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 23, 2026	$0.25
May 22, 2026	$0.25
Feb 26, 2026	$0.25
Nov 24, 2025	$0.25
Aug 26, 2025	$0.25

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$29.1M	$29.1M	$24.7M	$28.7M	$28.1M	$31.4M	$24.2M	$28.2M	$28.2M	$26.5M	$22.9M	$26.4M
YoY change	-2.77%	-3.25%	-2.53%	-1.48%	-3.54%	+7.72%	-1.83%	-1.78%	+0.17%	-15.6%	-5.56%	-6.47%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	26.7M	53M	44.7M	44M	51.4M	54.8M	46.9M	40.2M	27.8M	31.8M
Receivables	19.1M	20.6M	21.3M	20.2M	16.6M	17.2M	18.5M	18M	16.7M	14.7M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	52.8M	76.2M	68.6M	66.7M	71M	74.4M	67.9M	60.6M	47.1M	49.2M
Property, plant & equipment	17.1M	21.3M	23.3M	20.7M	16.8M	15.1M	12.4M	10.9M	10.6M	15.2M
Goodwill & intangibles	191.2M	223.1M	233.7M	231.8M	220.2M	219.8M	219.8M	219.6M	223.7M	182.1M
Total assets	220M	248.8M	248.5M	252.4M	246.5M	247.9M	240.8M	232.2M	221.7M	201.3M
Accounts payable	2.9M	3.3M	3.9M	3.3M	3M	3.2M	3.6M	3.7M	4M	3.7M
Short-term debt	1.1M	—	5M	—	—	—	—	—	—	—
Total current liabilities	16M	20.9M	23.2M	17.5M	13.9M	19.2M	29.4M	28M	16.6M	16.2M
Long-term debt	35.3M	25M	15M	10M	10M	—	—	—	5M	5M
Total liabilities	85M	69.3M	63.5M	60M	55.9M	51M	62.2M	61.7M	55.8M	49.8M
Shareholders' equity	135M	179.5M	185M	192.4M	190.5M	196.9M	178.5M	170.5M	165.9M	151.5M
Total debt	36.4M	25M	20M	10M	10M	—	—	—	5M	5M
Net debt	9.7M	-28M	-24.7M	-34M	-41.4M	—	—	—	-13.9M	-17.5M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	41.7M	40.2M	28.8M	24.1M	28.7M	27.8M	27M	24.9M	26.3M	31.8M	30.4M	27.8M
Receivables	17.4M	18M	15.7M	17.8M	16.4M	16.7M	14.6M	16.1M	15.4M	14.7M	13.3M	14.2M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	61.2M	60.6M	47.6M	46M	48.4M	47.1M	45.6M	45.5M	50.3M	49.2M	47.8M	46.2M
Property, plant & equipment	-95.8M	10.9M	-97.1M	-98.2M	-99.1M	10.6M	-100.4M	51.2M	47.2M	15.2M	54.8M	54.9M
Goodwill & intangibles	240.5M	219.6M	238.5M	244.6M	244.2M	223.7M	244.7M	244.2M	241.7M	182.1M	191M	191.4M
Total assets	234.4M	232.2M	218M	221.6M	223.2M	221.7M	219.3M	218.9M	218.4M	201.3M	198M	196.8M
Accounts payable	4.3M	3.7M	4.5M	5.2M	4.4M	4M	4.2M	3.8M	4M	3.7M	4.2M	3.9M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	5M
Total current liabilities	18.2M	28M	20.4M	17.1M	18.4M	16.6M	16.8M	16.5M	18.4M	16.2M	17M	20.6M
Long-term debt	—	—	—	5M	5M	5M	5M	5M	5M	5M	5M	—
Total liabilities	52.4M	61.7M	53.7M	55.8M	57.2M	55.8M	55.7M	55.2M	56.3M	49.8M	49.7M	48.6M
Shareholders' equity	181.9M	170.5M	164.4M	165.8M	166M	165.9M	163.6M	163.7M	162.1M	151.5M	148.3M	148.2M
Total debt	—	—	—	5M	5M	5M	5M	5M	5M	5M	5M	5M
Net debt	—	—	—	-10.4M	-14.9M	-13.9M	-12.9M	-10.8M	-12.1M	-17.5M	-16.1M	-13.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	12.9M	22.2M	13.7M	13.3M	-1.9M	11.2M	9.2M	9.5M	3.5M	-7.9M
Depreciation & amortization	5.9M	6.3M	6.8M	6.9M	6.5M	5.7M	5.2M	5.1M	5.3M	5.2M
Stock-based compensation	2.1M	2.3M	2.2M	2.1M	2.2M	1.3M	1.9M	1.1M	1.9M	2.1M
Change in working capital	-393K	377K	-36K	2.2M	1.8M	1.5M	-856K	-664K	2.8M	915K
Operating cash flow	22.6M	22.4M	25.5M	25.2M	8.2M	19.1M	17.1M	15.3M	11.7M	5.5M
Capital expenditure	-16.8M	-32.1M	-15.2M	-6.5M	-2.5M	-4.1M	-6.1M	-4.4M	-9.5M	—
Investing cash flow	-15.1M	-31.7M	-14.9M	-6.2M	-604K	-3.3M	-15M	-2.5M	-6.7M	10.2M
Dividends paid	-7.6M	-5.3M	-11.9M	-8.6M	-3.7M	-1.9M	-19.8M	-19.9M	-22.5M	-6.4M
Share repurchases	-746K	-946K	-2M	-1.2M	-449K	-435K	-147K	-227K	-290K	-2.5M
Financing cash flow	-9.1M	-17.5M	-19M	-19.8M	-4.2M	-12.3M	-20.1M	-20.1M	-17.8M	-9M
Net change in cash	-1.7M	-26.8M	-8.4M	-807K	3.4M	3.4M	-17.9M	-7.3M	-12.8M	6.7M
Free cash flow	12.5M	-26.7M	10.3M	18.8M	9.6M	15M	11.1M	11M	4.3M	2.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	2.7M	2.5M	-1.6M	2.5M	1.3M	1.3M	-1.6M	1.1M	-532K	-6.9M	-2.4M	960K
Depreciation & amortization	1.3M	1.3M	1.2M	1.3M	1.4M	1.4M	1.3M	1.3M	1.3M	1.3M	1.2M	1.2M
Stock-based compensation	250K	373K	453K	520K	474K	503K	527K	603K	518K	484K	518K	548K
Change in working capital	3.3M	-2.6M	2.8M	-1.6M	2.5M	35K	869K	-2.7M	2.9M	92K	1.8M	-2.9M
Operating cash flow	7.8M	1.5M	2.8M	1.6M	5.6M	2.6M	1.1M	755K	3.4M	-18K	407K	-1.7M
Capital expenditure	0	-4.4M	—	—	-6K	-3.8M	—	-1.3M	-590K	—	-779K	-1.3M
Investing cash flow	5K	-3.2M	1.9M	1.5M	67K	-4.5M	23K	-1.3M	-485K	10M	-261K	599K
Dividends paid	0	-3.1M	-14.1M	-5.3M	0	-3.1M	-1.6M	-1.6M	-1.6M	-1.6M	-1.6M	-1.6M
Share repurchases	—	-227K	—	—	—	-279K	—	—	0	-2.5M	-13K	0
Financing cash flow	0	-3.3M	-14.1M	-5.3M	0	-3.4M	-1.6M	-1.6M	-1.6M	-4.1M	-1.6M	-1.6M
Net change in cash	7.8M	-5.1M	-9.3M	-2.2M	5.7M	-5.3M	-445K	-2.2M	1.3M	5.9M	-1.5M	-2.7M
Free cash flow	7.1M	499K	2.8M	-6M	4.5M	3.1M	668K	-559K	2.8M	-459K	-372K	-2.9M

Date	Ratio
Jan 17, 2013	4:3
Jan 29, 2009	1:4
Jun 17, 2002	5:4
Dec 16, 1999	5:4
Jun 1, 1998	5:4
Apr 2, 1997	5:4
May 1, 1996	5:4
Aug 1, 1995	5:4

Saga Communications, Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history