NEW YORK TIMES CO

NYT · Newspapers: Publishing or Publishing & Printing · 165.7M shares · -0%/yr ↓ buyback · EDGAR filings ↗

Net buyback after stock comp: -$10M (gross $45M, SBC $55M)

Reference price $74.14 · est. market cap ~$12.3B — last insider sale, 2026-06-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

A85

Dominant general-interest subscription news franchise compounding subscribers, revenue and margins with top-decile returns.

Strengths

Top-decile ROA 11.5% (90.8th pct), FCF margin 19.5% (82nd pct) and expanding operating margin (80th pct)
Revenue +9.2%, ~12.78M subscribers and a durable brand moat (most Pulitzers, recurring bundle revenue)

Risks

Platform/AI shift to contained ecosystems pressures referral traffic
Intense competition for audience attention and ad dollars

Notable findings

Exec changeRecent 8-K item 5.02 8-K ↗
Strong balance sheetStrong balance sheet — $1.2B cash & investments
Revenue declineRevenue -11.2% YoY
Insider sellingInsider selling — 9 open-market sale(s) by 7 insider(s) (cluster of 7 insiders, ~$9M, last 6mo) Form 4 ↗

Quarterly revenue

2025-06-30 · $686M2025-09-30 · $701M2025-12-31 · $802M2026-03-31 · $712M

Last 4 quarters · from SEC filings.

Key metrics

Operating margin

15.3%

Net margin

12.2%

Return on equity

16.9%

Return on assets

11.5%

Revenue growth (QoQ)

-11.2%

Net-income growth

17.1%

Current ratio

1.5×

Free cash flow

$551M

EBITDA

$517M

Tangible book value

$1.4B

Cash & investments

$1.2B

Stock comp / revenue

2.6%

Insider transactions · last 18 months

Date	Insider	Type	Shares	Price
2026-06-03	Welch Jacqueline M	Sell	4.0K	$74.14
2026-05-12	KOPIT LEVIEN MEREDITH A.	Sell	9.8K	$78.00
2026-05-12	Bardeen William	Sell	4.1K	$77.85
2026-05-11	Perpich David S.	Sell	9.0K	$77.06
2026-05-11	Perpich David S.	Gift	500	—
2026-04-22	Brooke Beth A.	Grant	2.3K	—
2026-04-22	VAN DYCK REBECCA	Grant	2.3K	—
2026-04-22	Bhutani Amanpal Singh	Grant	2.3K	—
2026-04-22	Glaser Rachel C	Grant	2.3K	—
2026-04-22	GOLDEN MARGOT	Grant	2.3K	—
2026-04-22	GOLDEN ARTHUR S.	Grant	2.3K	—
2026-04-22	MCANDREWS BRIAN P	Grant	2.3K	—
2026-04-22	ROGERS JOHN W JR	Grant	2.3K	—
2026-04-22	Bronstein Manuel	Grant	2.3K	—
2026-04-22	Subramanian Anuradha B.	Grant	2.3K	—
2026-04-16	Bronstein Manuel	Grant	49	—
2026-04-16	Brooke Beth A.	Grant	54	—
2026-04-16	VAN DYCK REBECCA	Grant	151	—
2026-04-16	Bhutani Amanpal Singh	Grant	81	—
2026-04-16	Glaser Rachel C	Grant	92	—
2026-04-16	GOLDEN ARTHUR S.	Grant	56	—
2026-04-16	GOLDEN MARGOT	Grant	21	—
2026-04-16	MCANDREWS BRIAN P	Grant	151	—
2026-04-16	ROGERS JOHN W JR	Grant	88	—
2026-04-16	Subramanian Anuradha B.	Grant	26	—
2026-03-03	KOPIT LEVIEN MEREDITH A.	Sell	52K	$79.70
2026-03-03	Sulzberger Arthur G.	Sell	13K	$79.95
2026-03-03	Bardeen William	Sell	13K	$79.56
2026-02-26	BENTEN R ANTHONY	Tax withheld	121	$77.38
2026-02-26	Brayton Diane	Grant	38K	—
2026-02-26	Bardeen William	Grant	32K	—
2026-02-26	Bardeen William	Tax withheld	16K	$77.38
2026-02-26	Bardeen William	Grant	6.6K	—
2026-02-26	Bardeen William	Tax withheld	746	$77.38
2026-02-26	Welch Jacqueline M	Grant	23K	—
2026-02-26	Welch Jacqueline M	Tax withheld	10K	$77.38
2026-02-26	Welch Jacqueline M	Grant	1.8K	—
2026-02-26	Welch Jacqueline M	Tax withheld	310	$77.38
2026-02-26	Brayton Diane	Tax withheld	20K	$77.38
2026-02-26	Brayton Diane	Grant	6.8K	—
2026-02-26	Brayton Diane	Tax withheld	785	$77.38
2026-02-26	KOPIT LEVIEN MEREDITH A.	Grant	177K	—
2026-02-26	KOPIT LEVIEN MEREDITH A.	Tax withheld	90K	$77.38
2026-02-26	KOPIT LEVIEN MEREDITH A.	Grant	17K	—
2026-02-26	KOPIT LEVIEN MEREDITH A.	Grant	83K	—
2026-02-26	KOPIT LEVIEN MEREDITH A.	Tax withheld	4.0K	$77.38
2026-02-26	Perpich David S.	Tax withheld	319	$77.38
2026-02-26	Perpich David S.	Grant	1.6K	—
2026-02-26	Perpich David S.	Grant	20K	—
2026-02-26	Perpich David S.	Tax withheld	9.6K	$77.38
2026-02-26	Sulzberger Arthur G.	Tax withheld	2.2K	$77.38
2026-02-26	Sulzberger Arthur G.	Grant	11K	—
2026-02-26	Sulzberger Arthur G.	Grant	94K	—
2026-02-26	Sulzberger Arthur G.	Tax withheld	52K	$77.38
2026-02-26	BENTEN R ANTHONY	Grant	7.1K	—
2026-02-26	BENTEN R ANTHONY	Tax withheld	2.9K	$77.38
2026-02-26	BENTEN R ANTHONY	Grant	550	—
2026-02-22	Bardeen William	Tax withheld	256	$77.99
2026-02-22	Welch Jacqueline M	Tax withheld	448	$77.99
2026-02-22	Brayton Diane	Tax withheld	766	$77.99
2026-02-22	KOPIT LEVIEN MEREDITH A.	Tax withheld	3.8K	$77.99
2026-02-22	Sulzberger Arthur G.	Tax withheld	1.9K	$77.99
2026-02-22	Perpich David S.	Tax withheld	343	$77.99
2026-02-22	BENTEN R ANTHONY	Tax withheld	162	$77.99
2026-02-21	Perpich David S.	Tax withheld	393	$77.99
2026-02-21	Brayton Diane	Tax withheld	932	$77.99
2026-02-21	KOPIT LEVIEN MEREDITH A.	Tax withheld	2.9K	$77.99
2026-02-21	Sulzberger Arthur G.	Tax withheld	2.0K	$77.99
2026-02-21	Welch Jacqueline M	Tax withheld	386	$77.99
2026-02-21	Bardeen William	Tax withheld	655	$77.99
2026-02-21	BENTEN R ANTHONY	Tax withheld	131	$77.99
2026-02-20	Brayton Diane	Sell	4.6K	$77.03
2026-02-17	BENTEN R ANTHONY	Sell	1.9K	$73.57
2026-01-16	Brooke Beth A.	Grant	48	—
2026-01-16	Bronstein Manuel	Grant	44	—
2026-01-16	Subramanian Anuradha B.	Grant	23	—
2026-01-16	VAN DYCK REBECCA	Grant	132	—
2026-01-16	Glaser Rachel C	Grant	81	—
2026-01-16	GOLDEN ARTHUR S.	Grant	49	—
2026-01-16	TISHLER MARGOT GOLDEN	Grant	19	—
2026-01-16	MCANDREWS BRIAN P	Grant	132	—
2026-01-16	ROGERS JOHN W JR	Grant	77	—
2026-01-16	Bhutani Amanpal Singh	Grant	71	—
2025-11-06	KOPIT LEVIEN MEREDITH A.	Sell	17K	$59.68
2025-10-23	Bronstein Manuel	Grant	54	—
2025-10-23	Subramanian Anuradha B.	Grant	28	—
2025-10-23	Brooke Beth A.	Grant	59	—
2025-10-23	VAN DYCK REBECCA	Grant	164	—
2025-10-23	Bhutani Amanpal Singh	Grant	89	—
2025-10-23	Glaser Rachel C	Grant	100	—
2025-10-23	GOLDEN ARTHUR S.	Grant	61	—
2025-10-23	TISHLER MARGOT GOLDEN	Grant	23	—
2025-10-23	MCANDREWS BRIAN P	Grant	164	—
2025-10-23	ROGERS JOHN W JR	Grant	96	—
2025-08-28	Welch Jacqueline M	Sell	5.5K	$60.04
2025-08-12	Bardeen William	Sell	5.0K	$58.04
2025-08-11	Perpich David S.	Tax withheld	131	$57.49
2025-08-11	Bardeen William	Tax withheld	484	$57.49
2025-07-24	VAN DYCK REBECCA	Grant	179	—
2025-07-24	Glaser Rachel C	Grant	110	—
2025-07-24	TISHLER MARGOT GOLDEN	Grant	26	—
2025-07-24	GOLDEN ARTHUR S.	Grant	67	—
2025-07-24	MCANDREWS BRIAN P	Grant	179	—
2025-07-24	ROGERS JOHN W JR	Grant	106	—
2025-07-24	Bhutani Amanpal Singh	Grant	97	—
2025-07-24	Bronstein Manuel	Grant	59	—
2025-07-24	Subramanian Anuradha B.	Grant	32	—
2025-07-24	Brooke Beth A.	Grant	65	—
2025-06-04	Perpich David S.	Gift	1.0K	—
2025-06-03	Perpich David S.	Sell	4.0K	$56.18
2025-06-02	KOPIT LEVIEN MEREDITH A.	Sell	19K	$56.82
2025-06-02	Brayton Diane	Sell	10K	$56.48
2025-05-30	BENTEN R ANTHONY	Sell	2.0K	$56.75
2025-05-30	Bardeen William	Sell	2.5K	$56.83
2025-04-30	Subramanian Anuradha B.	Grant	3.6K	—
2025-04-30	TISHLER MARGOT GOLDEN	Grant	3.6K	—
2025-04-30	GOLDEN ARTHUR S.	Grant	3.6K	—
2025-04-30	Bhutani Amanpal Singh	Grant	3.6K	—
2025-04-30	Bronstein Manuel	Grant	3.6K	—
2025-04-30	Brooke Beth A.	Grant	3.6K	—
2025-04-30	Glaser Rachel C	Grant	3.6K	—
2025-04-30	VAN DYCK REBECCA	Grant	3.6K	—
2025-04-30	ROGERS JOHN W JR	Grant	3.6K	—
2025-04-30	MCANDREWS BRIAN P	Grant	3.6K	—
2025-04-17	TISHLER MARGOT GOLDEN	Grant	14	—
2025-04-17	GOLDEN ARTHUR S.	Grant	58	—
2025-04-17	Bhutani Amanpal Singh	Grant	91	—
2025-04-17	Bronstein Manuel	Grant	50	—
2025-04-17	Brooke Beth A.	Grant	56	—
2025-04-17	Glaser Rachel C	Grant	104	—
2025-04-17	MCANDREWS BRIAN P	Grant	179	—
2025-04-17	Subramanian Anuradha B.	Grant	20	—
2025-04-17	ROGERS JOHN W JR	Grant	100	—
2025-04-17	VAN DYCK REBECCA	Grant	179	—
2025-03-03	Sulzberger Arthur G.	Sell	9.6K	$47.32
2025-02-27	Brayton Diane	Sell	10K	$47.90
2025-02-26	BENTEN R ANTHONY	Grant	793	—
2025-02-26	Sulzberger Arthur G.	Grant	42K	—
2025-02-26	Sulzberger Arthur G.	Tax withheld	22K	$47.88
2025-02-26	Sulzberger Arthur G.	Grant	15K	—
2025-02-26	Perpich David S.	Grant	9.9K	—
2025-02-26	Perpich David S.	Tax withheld	4.0K	$47.88
2025-02-26	Perpich David S.	Grant	2.4K	—
2025-02-26	Brayton Diane	Grant	17K	—
2025-02-26	Brayton Diane	Tax withheld	7.1K	$47.88
2025-02-26	Brayton Diane	Grant	5.8K	—
2025-02-26	Welch Jacqueline M	Grant	11K	—
2025-02-26	Welch Jacqueline M	Tax withheld	4.1K	$47.88
2025-02-26	Welch Jacqueline M	Grant	2.6K	—
2025-02-26	KOPIT LEVIEN MEREDITH A.	Grant	94K	—
2025-02-26	KOPIT LEVIEN MEREDITH A.	Tax withheld	48K	$47.88
2025-02-26	KOPIT LEVIEN MEREDITH A.	Grant	24K	—
2025-02-26	BENTEN R ANTHONY	Grant	4.7K	—
2025-02-26	BENTEN R ANTHONY	Tax withheld	1.9K	$47.88
2025-02-26	Bardeen William	Grant	8.2K	—
2025-02-26	Bardeen William	Tax withheld	3.3K	$47.88
2025-02-26	Bardeen William	Grant	5.5K	—
2025-02-24	KOPIT LEVIEN MEREDITH A.	Tax withheld	3.6K	$48.03
2025-02-24	Perpich David S.	Tax withheld	340	$48.03
2025-02-24	Brayton Diane	Tax withheld	765	$48.03
2025-02-24	BENTEN R ANTHONY	Tax withheld	161	$48.03
2025-02-24	Bardeen William	Tax withheld	256	$48.03
2025-02-24	Welch Jacqueline M	Tax withheld	428	$48.03
2025-02-24	Sulzberger Arthur G.	Tax withheld	1.9K	$48.03
2025-02-21	Welch Jacqueline M	Tax withheld	386	$48.76
2025-02-21	Perpich David S.	Tax withheld	393	$48.76
2025-02-21	Sulzberger Arthur G.	Tax withheld	2.0K	$48.76
2025-02-21	Bardeen William	Tax withheld	655	$48.76
2025-02-21	Brayton Diane	Tax withheld	878	$48.76
2025-02-21	KOPIT LEVIEN MEREDITH A.	Tax withheld	2.9K	$48.76
2025-02-21	BENTEN R ANTHONY	Tax withheld	131	$48.76
2025-02-18	Brayton Diane	Tax withheld	541	$49.75
2025-02-18	Sulzberger Arthur G.	Tax withheld	1.2K	$49.75
2025-02-18	Perpich David S.	Tax withheld	317	$49.75
2025-02-18	Welch Jacqueline M	Tax withheld	294	$49.75
2025-02-18	Bardeen William	Tax withheld	261	$49.75
2025-02-18	KOPIT LEVIEN MEREDITH A.	Tax withheld	2.4K	$49.75
2025-02-18	BENTEN R ANTHONY	Tax withheld	150	$49.75
2025-02-13	KOPIT LEVIEN MEREDITH A.	Sell	20K	$50.53
2025-01-23	GOLDEN ARTHUR S.	Grant	38	—
2025-01-23	TISHLER MARGOT GOLDEN	Grant	9	—
2025-01-23	Subramanian Anuradha B.	Grant	13	—
2025-01-23	Bhutani Amanpal Singh	Grant	59	—
2025-01-23	Brooke Beth A.	Grant	37	—
2025-01-23	Glaser Rachel C	Grant	68	—
2025-01-23	VAN DYCK REBECCA	Grant	117	—
2025-01-23	ROGERS JOHN W JR	Grant	65	—
2025-01-23	MCANDREWS BRIAN P	Grant	117	—
2025-01-23	Bronstein Manuel	Grant	33	—

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-05-06	ResultsExhibits	filing ↗
2026-04-23	Shareholder vote	filing ↗
2026-02-04	ResultsExhibits	filing ↗
2026-01-21	Exec/director changeExhibits	filing ↗
2025-11-05	ResultsExhibits	filing ↗
2025-08-06	ResultsExhibits	filing ↗
2025-06-18	Material agreementExhibits	filing ↗
2025-05-07	ResultsExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
10-Q	2026-05-06	2026-03-31	0000071691-26-000025 ↗
8-K	2026-05-06	2026-05-06	0000071691-26-000023 ↗
8-K	2026-04-23	2026-04-22	0000071691-26-000019 ↗
10-K	2026-02-27	2025-12-31	0000071691-26-000011 ↗
8-K	2026-02-04	2026-02-04	0000071691-26-000008 ↗
8-K	2026-01-21	2026-01-15	0000071691-26-000003 ↗
10-Q	2025-11-05	2025-09-30	0000071691-25-000126 ↗
8-K	2025-11-05	2025-11-05	0000071691-25-000124 ↗
8-K	2025-08-06	2025-08-06	0000071691-25-000117 ↗
10-Q	2025-08-06	2025-06-30	0000071691-25-000119 ↗
8-K	2025-06-18	2025-06-13	0001193125-25-142415 ↗
8-K	2025-05-07	2025-05-07	0000071691-25-000098 ↗