The New York Times (NYT) closed out FY 2025 with Q4 revenue of US$802.3 million and basic EPS of US$0.80, compared with US$719.5 million of revenue and EPS of US$0.75 in the prior year’s Q4, pointing attention squarely to how efficiently the business is turning its top line into profit. Over the past six quarters, the company has seen quarterly revenue move from US$633.6 million in Q3 2024 to US$694.1 million in Q3 2025 and then to US$802.3 million in Q4 2025, while basic EPS ranged from US$0.39 to US$0.80 over the same stretch. This gives investors a clear view of how earnings are tracking alongside sales. With trailing 12 month net profit margin at 12.2% versus 11.5% a year earlier, the latest print will have readers focusing on how durable these margin gains look as the business scales.

See our full analysis for New York Times.

With the headline numbers in hand, the next step is to see how this earnings run rate lines up with the widely held narratives around New York Times, and where the latest margin and growth profile either backs up or challenges those views.

17.1% earnings growth outpaces 6.8% revenue

• Over the last 12 months, revenue grew about 6.8% per year while earnings grew 17.1%, showing profit rising faster than sales in the same period.
• What is interesting for the bullish view is that profit growth of 17.1% over the last year and an average of about 20% per year over five years sits against only 6.8% revenue growth, which suggests:
  • Improving conversion of revenue into profit, with trailing net profit margin at 12.2% versus 11.5% a year earlier.
  • The recent margin profile is consistent with the idea that the business model can support earnings growth even when top line growth is more moderate.

Over the past year of profit and margin improvement, some investors may want to see how this pattern fits into the wider story for the stock before deciding what it really says about long term potential. 📊 Read the full New York Times Consensus Narrative.

12.2% net margin signals stronger profitability mix

• The trailing 12 month net profit margin of 12.2% compared with 11.5% a year earlier means more of the US$2.8b in revenue over that period is landing as net income.
• For a bullish angle that focuses on operating quality, the combination of a 12.2% margin and trailing 12 month net income of US$344.0 million supports the idea of a solid profit engine, yet:
  • Consensus figures also show forecast revenue growth of 6.8% per year and earnings growth of 12.9% per year, which are slower than the US market growth rates cited in the data.
  • That gap between past earnings growth near 20% per year and the slower forecast path is something bullish investors need to reconcile when thinking about how repeatable these recent margins are.

P/E of 32.6x versus DCF fair value of US$110.33

• The shares trade on a P/E of 32.6x compared with peer and US Media industry averages of 16.3x and 14.8x, while a DCF fair value of US$110.33 sits above the current share price of US$69.11 in the data.
• Bears often point to high multiples, and here the 32.6x P/E is well above sector peers, yet the data also show:
  • The stock price cited is about 37.4% below the DCF fair value estimate, which means the valuation discussion is split between a premium P/E and a DCF model that indicates room between price and that estimate.
  • Alongside this, no substantial insider selling over the last three months is recorded in the data, which removes one common bearish talking point about insiders selling into a high multiple.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on New York Times's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

See What Else Is Out There

New York Times combines a relatively high 32.6x P/E with consensus forecasts that point to slower revenue and earnings growth than the broader US market.

If that mix of rich pricing and tempered growth expectations gives you pause, you might prefer ideas flagged in our 55 high quality undervalued stocks that focus on companies the market prices more conservatively.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.