Gannett Co., Inc. (GCI) 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 %
Q3 25	-$0.06	-$0.21	-250.0%	—	$560.8M	—
Q2 25	-$0.06	$0.42	+800.0%	—	$584.9M	—
Q1 25	-$0.02	-$0.05	-150.0%	—	$571.6M	—
Q4 24	-$0.06	$0.11	+283.3%	—	$621.3M	—
Q3 24	-$0.1	-$0.14	-40.0%	—	$612.4M	—
Q2 24	-$0.06	$0.19	+416.7%	—	$639.8M	—
Q1 24	-$0.08	-$0.26	-225.0%	—	$635.8M	—
Q4 23	$0.02	-$0.16	-900.0%	—	$669.4M	—
Q3 23	$0.01	-$0.18	-1900.0%	—	$652.9M	—
Q2 23	-$0.05	-$0.04	+20.0%	—	$672.4M	—
Q1 23	-$0.17	$0.07	+141.2%	—	$668.9M	—
Q4 22	$0.15	$0.17	+13.3%	—	$730.7M	—
Q3 22	-$0.04	$0.35	+975.0%	—	$717.9M	—
Q2 22	$0.03	-$0.2	-766.7%	—	$748.7M	—
Q1 22	-$0.04	-$0.02	+50.0%	—	$748.1M	—
Q4 21	-$0.01	-$0.17	-1600.0%	—	$826.5M	—

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 %
FY24	—	-$0.18	—	—	$2.5B	—
FY23	—	-$0.2	—	—	$2.7B	—
FY22	—	-$0.57	—	—	$2.9B	—
FY21	—	-$1	—	—	$3.2B	—

Total revenue

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

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Revenue	$1.2B	$1.3B	$1.3B	$1.5B	$1.9B	$3.4B	$3.2B	$2.9B	$2.7B	$2.5B
YoY change	+83.3%	+4.98%	+6.9%	+13.7%	+22.4%	+82.3%	-5.8%	-8.19%	-9.57%	-5.79%

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	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Revenue	1.2B	1.3B	1.3B	1.5B	1.9B	3.4B	3.2B	2.9B	2.7B	2.5B
Cost of revenue	656.6M	699.3M	742.8M	865.2M	1.1B	2B	1.9B	1.9B	1.7B	1.5B
Gross profit	539.3M	556M	599.2M	660.8M	788.3M	1.4B	1.3B	1.1B	971.5M	963.7M
Gross margin	45.1%	44.3%	44.6%	43.3%	42.2%	40.3%	40.7%	36.8%	36.5%	38.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	406.3M	415.8M	447.1M	502.6M	602.1M	999.8M	902.1M	852.5M	735.3M	726M
Operating expenses	406.3M	415.8M	447.1M	503.2M	662.7M	1B	923M	854.4M	736.9M	736.4M
Operating income	65.2M	72.5M	77.7M	72.8M	13.7M	96.6M	179.5M	48.5M	72M	71M
Operating margin	5.45%	5.77%	5.79%	4.77%	0.73%	2.84%	5.6%	1.65%	2.7%	2.83%
Non-operating income, net	37.8M	-13.5M	-47.6M	-16.7M	-157.2M	-574M	-131.7M	-17.1M	33.6M	-44M
Pretax income	71M	29.3M	-434K	20M	-207.2M	-705.8M	-87.9M	-76.9M	-6.2M	-77.7M
Income tax	3.4M	-2.3M	481K	1.9M	-86M	-33.5M	48.3M	1.3M	21.7M	-51.3M
Net income	67.6M	31.6M	-915K	18.1M	-121.2M	-672.4M	-136.2M	-78.3M	-27.9M	-26.4M
Net margin	5.65%	2.52%	-0.07%	1.19%	-6.49%	-19.7%	-4.24%	-2.66%	-1.05%	-1.05%
EBITDA	132.6M	138.6M	153M	159M	135.1M	449.1M	497.6M	295.2M	249.4M	241.6M
EPS	1.53	0.7	-0.02	0.31	-1.77	-5.09	-1	-0.57	-0.2	-0.18
Diluted EPS	1.52	0.7	-0.02	0.31	-1.77	-5.09	-1	-0.57	-0.2	-0.18

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	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Revenue	730.7M	668.9M	672.4M	652.9M	669.4M	635.8M	639.8M	612.4M	621.3M	571.6M	584.9M	560.8M
Cost of revenue	455.1M	430.2M	426.1M	416.1M	419.6M	402.4M	391.5M	375.9M	375.8M	356.6M	359.4M	352.3M
Gross profit	275.5M	238.7M	246.3M	236.8M	249.8M	233.4M	248.4M	236.5M	245.5M	215M	225.4M	208.5M
Gross margin	37.7%	35.7%	36.6%	36.3%	37.3%	36.7%	38.8%	38.6%	39.5%	37.6%	38.5%	37.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	190.3M	180.4M	184.1M	184.9M	185.9M	180.5M	183M	183.9M	178.7M	171.6M	164.2M	153.7M
Operating expenses	190.6M	180.6M	184.4M	185.3M	186.6M	180.5M	183.1M	184M	188.8M	171.8M	164.2M	153.7M
Operating income	45M	14.4M	22.1M	10.8M	24.6M	14.5M	27M	12.2M	17.3M	490K	18.5M	11.5M
Operating margin	6.16%	2.15%	3.29%	1.66%	3.68%	2.29%	4.22%	1.98%	2.79%	0.09%	3.17%	2.06%
Non-operating income, net	-15.1M	6.8M	-4.9M	30.7M	1M	-62.7M	-13.8M	-12.3M	44.7M	11.4M	-3.2M	-9.3M
Pretax income	1.4M	-7.1M	-11.4M	13.6M	-1.3M	-74.7M	-13.1M	-26.1M	36.2M	-14.1M	-9.1M	-21.6M
Income tax	-31.3M	-17.3M	1.3M	16.1M	21.6M	10.1M	-26.8M	-6.4M	-28.1M	-6.8M	-87.5M	17.6M
Net income	32.7M	10.3M	-12.7M	-2.6M	-22.9M	-84.8M	13.7M	-19.7M	64.3M	-7.3M	78.4M	-39.2M
Net margin	4.47%	1.53%	-1.89%	-0.39%	-3.42%	-13.3%	2.14%	-3.21%	10.4%	-1.28%	13.4%	-7%
EBITDA	97.5M	58.9M	65.6M	55.3M	69.6M	54M	71.5M	58.6M	57.5M	46.6M	65.3M	61.1M
EPS	0.24	0.07	-0.09	-0.02	—	-0.6	0.1	-0.14	0.45	-0.05	0.54	-0.27
Diluted EPS	0.17	0.07	-0.09	-0.02	—	-0.6	0.09	-0.14	0.11	-0.05	0.42	-0.27

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	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Market cap	—	723.3M	—	671.2M	—	442.6M	719.3M	277.8M	321.2M	740.8M	937.1M
Enterprise value	—	904.3M	—	1.1B	—	2.1B	2.1B	1.6B	1.5B	1.9B	1.7B
Shares outstanding	44.2M	45.2M	53M	58M	129M	131.7M	135M	136.8M	139.6M	146.4M	146.4M

Valuation

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
P/E	—	22.9	—	37.1	—	—	—	—	—	—	6.79
P/S	—	0.58	—	0.44	—	0.13	0.22	0.09	0.12	0.3	0.29
P/B	—	0.96	—	0.93	—	1.22	1.36	0.94	1.01	4.85	3.35
EV/EBITDA	—	6.52	—	6.69	—	4.78	4.17	5.45	6.07	7.95	7.98
EV/Sales	—	0.72	—	0.7	—	0.63	0.65	0.55	0.57	0.77	0.74
Earnings yield	—	4.37%	—	2.7%	—	—	—	—	—	—	14.7%
FCF yield	—	11.6%	—	14.6%	—	4.7%	12.2%	-1.66%	17.6%	6.85%	11.6%
PEG	—	—	—	—	—	—	—	—	—	—	0.07

Profitability

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Gross margin	45.1%	44.3%	44.6%	43.3%	42.2%	40.3%	40.7%	36.8%	36.5%	38.4%	37.2%
Operating margin	5.45%	5.77%	5.79%	4.77%	0.73%	2.84%	5.6%	1.65%	2.7%	2.83%	2.06%
Net margin	5.65%	2.52%	-0.07%	1.19%	-6.49%	-19.7%	-4.24%	-2.66%	-1.05%	-1.05%	4.11%
ROE	10.4%	4.19%	-0.14%	2.52%	-12.3%	-185.3%	-25.7%	-26.5%	-8.79%	-17.3%	44.4%
ROA	5.65%	2.37%	-0.07%	1.25%	-3.01%	-21.6%	-4.81%	-3.27%	-1.28%	-1.29%	1.57%
ROIC	7.27%	7.75%	7.83%	5.93%	0.5%	4.68%	9.52%	2.98%	4.76%	5.32%	3.76%
Return on tangible assets	27.3%	17.9%	-26.5%	-12.1%	-72.9%	-171.8%	-40.7%	-77.9%	-43%	-22.1%	55.6%

Financial health

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Current ratio	1.89	1.89	1.29	1.2	1.08	0.86	0.87	0.82	0.83	0.78	0.69
Quick ratio	1.8	1.8	1.2	1.1	1.01	0.81	0.81	0.75	0.78	0.74	0.67
Debt / equity	0.55	0.47	0.53	0.61	1.97	5.16	2.81	4.83	4.08	8.43	5.97
Debt / assets	0.3	0.26	0.28	0.31	0.48	0.6	0.53	0.6	0.59	0.63	0.6
Net debt / EBITDA	1.56	1.31	2.07	2.46	13.2	3.79	2.73	4.51	4.79	4.89	4.69
Interest coverage	3.22	1.99	0.99	1.55	-2.25	-2.09	0.35	0.29	0.94	0.26	0.91
Effective tax rate	4.79%	0%	0%	9.55%	0%	0%	0%	0%	0%	0%	0%

Per share

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Revenue per share	27	27.8	25.3	26.3	14.5	25.9	23.8	21.5	19.1	17.1	16.2
EPS (basic)	1.53	0.7	-0.02	0.31	-1.77	-5.09	-1	-0.57	-0.2	-0.18	-0.18
EPS (diluted)	1.52	0.7	-0.02	0.31	-1.77	-5.09	-1	-0.57	-0.2	-0.18	0.67
Book value per share	14.6	16.7	12.7	12.4	7.62	2.76	3.92	2.16	2.27	1.04	1.36
FCF per share	2.38	1.86	1.88	1.69	0.09	0.16	0.65	-0.03	0.4	0.35	0.19
Cash per share	3.32	3.81	0.81	0.84	1.21	1.3	0.97	0.69	0.72	0.73	0.53
Capex per share	0.23	0.24	0.21	0.2	0.11	0.28	0.29	0.33	0.27	0.34	0.35

Capital allocation

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Capex / revenue	0.85%	0.85%	0.83%	0.76%	0.75%	1.09%	1.23%	1.54%	1.43%	1.97%	2.21%
Capex / operating cash flow	8.13%	9.3%	16%	11.2%	-38.9%	-13.2%	36.1%	30.8%	19%	36.3%	18.4%
Payout ratio	84.8%	188.9%	-8.3K%	481.6%	-75.9%	0%	0%	—	—	—	0%
Dividend yield	—	8.26%	—	13%	—	0%	0%	—	—	—	23.9%

Yield

23.9%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.16

ex-dividend Oct 31, 2019

Payout ratio

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
Oct 31, 2019	$0.16
Aug 19, 2019	$0.38
May 10, 2019	$0.38

Period	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Revenue	$730.7M	$668.9M	$672.4M	$652.9M	$669.4M	$635.8M	$639.8M	$612.4M	$621.3M	$571.6M	$584.9M	$560.8M
YoY change	-11.6%	-10.6%	-10.2%	-9.06%	-8.38%	-4.96%	-4.84%	-6.19%	-7.19%	-10.1%	-8.59%	-8.43%

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	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Cash & short-term investments	146.6M	172.2M	43.1M	48.7M	156M	170.7M	130.8M	94.3M	100.2M	106.3M
Receivables	136.2M	138.1M	151.7M	174.3M	438.5M	314.3M	328.7M	289.4M	266.1M	239.6M
Inventory	15.7M	18.2M	18.7M	25M	55.1M	35.1M	37.7M	45.2M	26.8M	20.9M
Total current assets	331.9M	370.3M	263.2M	297.6M	779.1M	636.7M	577.3M	507.8M	444.2M	425.9M
Property, plant & equipment	215.1M	191.6M	168.9M	134.9M	708.4M	531.2M	447.9M	359.7M	313.6M	261.5M
Goodwill & intangibles	949.4M	1.2B	1.3B	1.6B	3.9B	2.7B	2.5B	2.3B	2.1B	1.9B
Total assets	1.2B	1.3B	1.3B	1.4B	4B	3.1B	2.8B	2.4B	2.2B	2B
Accounts payable	9.6M	19.1M	15.8M	16.6M	147M	131.8M	157.3M	189.1M	142.2M	154.2M
Short-term debt	3.5M	14.4M	2.7M	12.4M	3.3M	128.4M	69.5M	105.3M	109.5M	114.1M
Total current liabilities	175.5M	195.9M	203.7M	247.8M	718.5M	741.3M	662.5M	617M	533.5M	545.6M
Long-term debt	350.3M	338.9M	357.2M	428.2M	1.9B	1.7B	1.4B	1.3B	1.2B	1.2B
Total liabilities	550M	581.1M	609.2M	725.1M	3B	2.7B	2.3B	2.1B	1.9B	1.9B
Shareholders' equity	647.1M	755M	674.4M	718.8M	983.2M	363M	529.6M	295.4M	317.3M	152.6M
Total debt	353.8M	353.2M	359.9M	440.6M	1.9B	1.9B	1.5B	1.4B	1.3B	1.3B
Net debt	207.1M	181M	316.9M	391.9M	1.8B	1.7B	1.4B	1.3B	1.2B	1.2B

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	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Cash & short-term investments	94.3M	83.1M	106.6M	109.2M	100.2M	93.3M	98.9M	101.8M	106.3M	85.9M	88.5M	75.2M
Receivables	289.4M	256.5M	250.2M	257M	266.1M	244.1M	241.6M	244M	239.6M	223M	226.5M	220.1M
Inventory	45.2M	41.9M	29.4M	29.9M	26.8M	23.6M	22.4M	22.4M	20.9M	18.7M	15.7M	13.2M
Total current assets	507.8M	450.9M	481.8M	463.6M	444.2M	425.8M	418M	432.7M	425.9M	387.8M	392.8M	366.1M
Property, plant & equipment	359.7M	523.7M	477.6M	477.2M	313.6M	405.8M	391.9M	399.3M	261.5M	361.6M	344.9M	321.5M
Goodwill & intangibles	2.3B	2.3B	2.2B	2.2B	2.1B	2.1B	2B	2B	1.9B	1.8B	1.8B	1.8B
Total assets	2.4B	2.3B	2.3B	2.2B	2.2B	2.1B	2.1B	2.1B	2B	2B	2B	1.9B
Accounts payable	189.1M	154.9M	159.2M	159.3M	142.2M	151.2M	154.4M	161.6M	154.2M	153.7M	155.2M	154.6M
Short-term debt	105.3M	106.7M	110.3M	116.3M	109.5M	107.8M	102.1M	100.9M	114.1M	105.9M	106.1M	104.4M
Total current liabilities	617M	559.6M	555.7M	561.2M	533.5M	537M	527.6M	551.2M	545.6M	535.9M	541M	528.5M
Long-term debt	1.3B	1.3B	1.3B	1.2B	1.2B	1.2B	1.1B	1.1B	1.2B	1.1B	1.1B	1.1B
Total liabilities	2.1B	2B	2B	1.9B	1.9B	1.9B	1.8B	1.8B	1.9B	1.8B	1.8B	1.7B
Shareholders' equity	295.4M	320.6M	326.9M	326.1M	317.3M	233M	249.3M	239.9M	152.6M	149.6M	236.6M	193.5M
Total debt	1.4B	1.4B	1.4B	1.3B	1.3B	1.3B	1.2B	1.2B	1.3B	1.2B	1.2B	1.2B
Net debt	1.3B	1.3B	1.3B	1.2B	1.2B	1.2B	1.1B	1.1B	1.2B	1.1B	1.1B	1.1B

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	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Net income	67.6M	31.6M	-915K	18.1M	-121.2M	-672.4M	-136.2M	-78.3M	-27.9M	-26.4M
Depreciation & amortization	67.8M	67.8M	74.4M	84.8M	111.9M	263.8M	204M	182M	162.6M	156.3M
Stock-based compensation	1.3M	2.4M	3.1M	3.2M	11.3M	26.4M	18.4M	16.8M	16.6M	12.5M
Change in working capital	-15.7M	12.5M	-9.8M	-4M	19.6M	109M	-47M	3.1M	16.2M	20.7M
Operating cash flow	125M	114.3M	69.5M	104.3M	-35.9M	-279.3M	109.7M	147.4M	200.2M	136.4M
Capital expenditure	-10.2M	-10.6M	-11.1M	-11.6M	-14M	-37M	-39.6M	-45.4M	-38.1M	-49.5M
Investing cash flow	-298.7M	-144.8M	-160.3M	-201.5M	-785.1M	-36.2M	-41.1M	-61.4M	-38.3M	-48.9M
Dividends paid	-57.4M	-59.8M	-75.6M	-87.2M	-91.9M	0	0	—	—	—
Share repurchases	0	-417K	-5.7M	-792K	-1M	-2M	-3.2M	-6.6M	-2.6M	—
Financing cash flow	102.3M	72.1M	-79.7M	77.7M	744M	-201.3M	-261.2M	-102.9M	-135.5M	-65.7M
Net change in cash	-71.4M	41.5M	-170.5M	-19.5M	-77M	-516.8M	-192.6M	-16.8M	26.3M	21.8M
Free cash flow	105.2M	84.2M	99.4M	97.9M	11.6M	20.8M	87.9M	-4.6M	56.5M	50.8M

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	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Net income	32.7M	10.3M	-12.7M	-2.6M	-22.9M	-84.8M	13.7M	-19.7M	64.3M	-7.3M	78.4M	-39.2M
Depreciation & amortization	39.9M	43.7M	39.8M	40.6M	38.5M	38.3M	38.3M	40.4M	39.3M	42.6M	42.6M	43.2M
Stock-based compensation	3.5M	3.7M	5M	3.9M	3.8M	2.8M	3.5M	2.9M	3.3M	2.9M	2.1M	1.9M
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	81.4M	63M	37.4M	47.4M	24.7M	-38.4M	60.7M	29M	109.1M	39.8M	124.6M	7.3M
Capital expenditure	-9.4M	-8.8M	-7.7M	-13.3M	-8.4M	-13M	-9.7M	-14M	-12.8M	-13.5M	-15.1M	-10.3M
Investing cash flow	-9.5M	-8.8M	-7.7M	-13.3M	-8.6M	-13M	-9.3M	-13.4M	-12.6M	-13.5M	-15.1M	-10.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-26K	-2.1M	-483K	-20K	0	-2.5M	-571K	-38K	—	—	—	—
Financing cash flow	-44.8M	-38.6M	-15.9M	-58.4M	-22.6M	-18.2M	-25.3M	-29M	-834.1M	-75.6M	-38.5M	-18.5M
Net change in cash	27.1M	15.5M	13.9M	-24.3M	-6.5M	-69.6M	26.1M	-13.3M	-737.6M	-49.4M	71.1M	-21.5M
Free cash flow	-1.6M	-2.1M	38.4M	7.4M	12.7M	9.5M	25.4M	19.8M	-3.8M	9.8M	17.5M	4.9M

Gannett Co., Inc. 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