Revenue growth remains highly episodic, evidenced by the 114.4% year-over-year surge in 2026Q1, while operating margins have historically suffered, reaching a low of -57.5% in 2025Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 |
|---|
| Sales/Revenue | 552.71M | 447.59M | 364.95M | 297.04M | 323.99M | 760.19M | 344.03M | 273.57M | 297.81M | 536.03M | 258.51M | 254.13M | 242.04M | 223.92M | 223.25M | 194.4M | 200.48M | 189.23M | 232.34M | 250.05M | 291.75M | 280.96M | 259.05M | 237.96M | 238.47M | 208.91M | 154.02M | 59M | 44.82M |
| Revenue Growth % | 45.98% | 22.65% | 22.86% | -8.32% | -57.38% | 120.97% | 25.75% | -8.14% | -44.44% | 107.35% | 1.72% | 5% | 8.09% | 0.3% | 14.84% | -3.03% | 5.94% | -18.55% | -7.08% | -14.29% | 3.84% | 8.46% | 8.87% | -0.22% | 14.15% | 35.64% | 161.06% | 31.64% | - |
| Cost of Goods Sold | 386.24M | 353.26M | 238.46M | 190.44M | 179.91M | 582.97M | 211.84M | 156.17M | 170.34M | 163.83M | 122.97M | 117.56M | 110.27M | 103.69M | 92.26M | 88.59M | 84.8M | 83.9M | 100.8M | 99.61M | 123.8M | 120.28M | 112.57M | 106.96M | 113.93M | 100.35M | 56.21M | 24.44M | 15.79M |
| COGS % of Revenue | - | 78.92% | 65.34% | 64.11% | 55.53% | 76.69% | 61.58% | 57.08% | 57.2% | 30.56% | 47.57% | 46.26% | 45.56% | 46.31% | 41.32% | 45.57% | 42.3% | 44.34% | 43.39% | 39.84% | 42.43% | 42.81% | 43.46% | 44.95% | 47.78% | 48.03% | 36.49% | 41.43% | 35.24% |
| Gross Profit | 166.48M | 94.34M | 126.49M | 106.6M | 144.08M | 177.23M | 132.19M | 117.41M | 127.48M | 372.2M | 135.54M | 136.57M | 131.76M | 120.23M | 131M | 105.81M | 115.67M | 105.33M | 131.53M | 150.44M | 167.95M | 160.68M | 146.48M | 131M | 124.54M | 108.56M | 97.81M | 34.56M | 29.03M |
| Gross Margin % | 30.12% | 21.08% | 34.66% | 35.89% | 44.47% | 23.31% | 38.42% | 42.92% | 42.8% | 69.44% | 52.43% | 53.74% | 54.44% | 53.69% | 58.68% | 54.43% | 57.7% | 55.66% | 56.61% | 60.16% | 57.57% | 57.19% | 56.54% | 55.05% | 52.22% | 51.97% | 63.51% | 58.57% | 64.76% |
| Gross Profit Growth % | - | -25.42% | 18.66% | -26.02% | -18.7% | 34.07% | 12.59% | -7.9% | -65.75% | 174.61% | -0.75% | 3.65% | 9.59% | -8.22% | 23.81% | -8.53% | 9.82% | -19.92% | -12.57% | -10.43% | 4.53% | 9.69% | 11.82% | 5.18% | 14.72% | 10.99% | 183.04% | 19.06% | - |
| Operating Expenses | 118.33M | 93.8M | 178.47M | 133.09M | 113.51M | 116.75M | 125.58M | 119.06M | 93.49M | 93.46M | 86.68M | 81.32M | 71.36M | 66.28M | 72.22M | 70.83M | 75.69M | 74.23M | 694.69M | 84.19M | 279.04M | 115.9M | 105.99M | 110.2M | 109.98M | 181.38M | 129.18M | 62.55M | 40.07M |
| OpEx % of Revenue | - | 20.96% | 48.9% | 44.81% | 35.03% | 15.36% | 36.5% | 43.52% | 31.39% | 17.44% | 33.53% | 32% | 29.48% | 29.6% | 32.35% | 36.44% | 37.76% | 39.23% | 299.01% | 33.67% | 95.64% | 41.25% | 40.91% | 46.31% | 46.12% | 86.82% | 83.87% | 106.01% | 89.4% |
| Selling, General & Admin | 75.74M | 66.77M | 106.07M | 49.76M | 46.99M | 56.59M | 76.21M | 82.03M | 78.4M | 77.05M | 71.34M | 65.33M | 56.7M | 51.33M | 55.79M | 52.18M | 56.46M | 53.2M | 60.83M | 61.62M | 70.84M | 69.49M | 66.68M | 65.57M | 68.79M | 61.36M | 57.16M | 11.61M | 8.88M |
| SG&A % of Revenue | - | 14.92% | 29.06% | 16.75% | 14.5% | 7.44% | 22.15% | 29.99% | 26.33% | 14.37% | 27.6% | 25.71% | 23.43% | 22.92% | 24.99% | 26.84% | 28.16% | 28.11% | 26.18% | 24.64% | 24.28% | 24.73% | 25.74% | 27.56% | 28.85% | 29.37% | 37.11% | 19.68% | 19.81% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3M | 27.03M | 72.4M | 83.33M | 66.52M | 60.17M | 49.37M | 37.03M | 15.09M | 262K | 15.34M | 15.99M | 14.66M | 14.95M | 16.43M | 18.65M | 19.23M | 21.03M | 633.87M | 22.57M | 208.19M | 46.41M | 39.31M | 44.63M | 41.19M | 120.02M | 72.02M | 50.93M | 31.19M |
| Operating Income | 25.12M | 542K | -51.98M | -26.5M | 30.58M | 60.47M | 6.61M | -1.65M | 33.58M | 278.39M | 48.86M | 55.24M | 59.67M | 53.95M | 58.78M | 34.97M | 3.87M | -19.55M | -563.16M | 66.25M | -111.08M | 44.78M | 40.49M | 20.8M | 14.56M | -72.82M | -31.37M | -27.99M | 4.75M |
| Operating Margin % | 4.54% | 0.12% | -14.24% | -8.92% | 9.44% | 7.95% | 1.92% | -0.6% | 11.27% | 51.94% | 18.9% | 21.74% | 24.65% | 24.09% | 26.33% | 17.99% | 1.93% | -10.33% | -242.39% | 26.5% | -38.07% | 15.94% | 15.63% | 8.74% | 6.1% | -34.86% | -20.37% | -47.44% | 10.6% |
| Operating Income Growth % | - | 101.04% | -96.18% | -186.65% | -49.43% | 815.12% | 499.76% | -104.92% | -87.94% | 469.82% | -11.56% | -7.41% | 10.6% | -8.21% | 68.06% | 802.76% | 119.82% | 96.53% | -950.01% | 159.64% | -348.08% | 10.59% | 94.71% | 42.86% | 119.99% | -132.15% | -12.08% | -688.95% | - |
| EBITDA | 36.98M | 12.88M | -35.16M | 1.51M | 56.27M | 82.89M | 23.89M | 14.99M | 50.5M | 295.25M | 64.6M | 71.23M | 74.33M | 68.9M | 75.2M | 53.63M | 23.1M | 1.49M | -539.75M | 91.02M | -65.9M | 93.15M | 86.48M | 67.14M | 61.06M | 49.6M | 40.65M | -12.26M | 15.69M |
| EBITDA Margin % | 6.69% | 2.88% | -9.63% | 0.51% | 17.37% | 10.9% | 6.94% | 5.48% | 16.96% | 55.08% | 24.99% | 28.03% | 30.71% | 30.77% | 33.69% | 27.59% | 11.52% | 0.78% | -232.31% | 36.4% | -22.59% | 33.15% | 33.38% | 28.21% | 25.6% | 23.74% | 26.39% | -20.79% | 35% |
| EBITDA Growth % | 146.23% | 136.64% | -2426.87% | -97.31% | -32.11% | 246.97% | 59.32% | -70.31% | -82.9% | 357.08% | -9.32% | -4.16% | 7.87% | -8.38% | 40.24% | 132.12% | 1455.76% | 100.28% | -693% | 238.12% | -170.75% | 7.71% | 28.81% | 9.96% | 23.09% | 22.03% | 431.46% | -178.18% | - |
| D&A (Non-Cash Add-back) | 11.86M | 12.34M | 16.82M | 28.01M | 25.7M | 22.42M | 17.28M | 16.65M | 16.92M | 16.86M | 15.74M | 15.99M | 14.66M | 14.95M | 16.43M | 18.65M | 19.23M | 21.03M | 23.41M | 24.77M | 45.18M | 48.37M | 45.99M | 46.34M | 46.5M | 122.42M | 72.02M | 15.72M | 10.93M |
| EBIT | 52.71M | 542K | -49.71M | -24.7M | 32.81M | 60.93M | 8.38M | 2.36M | 37.16M | 275.33M | 48.99M | 55.09M | 59.47M | 24.32M | 55.12M | 35.24M | 3.15M | -23.8M | -551.45M | 53.36M | -92.22M | 63.68M | 40.52M | 20.8M | 12.71M | -72.82M | -31.37M | -27.99M | -11.04M |
| Net Interest Income | -9.78M | -12.84M | -14.01M | -13.43M | -7.8M | -6.78M | -6.52M | -10.33M | -11.77M | -15.94M | -15.17M | -13M | -13.85M | -24.59M | -35.32M | -37.65M | -24.17M | -27.49M | -41.2M | -44.6M | -27.83M | -28.88M | -27.83M | -26.75M | -24.83M | -20.98M | -63.59M | 0 | -8.24M |
| Interest Income | 2.04M | 2.29M | 2.46M | 3.4M | 2.74M | 245K | 1.75M | 3.35M | 3.97M | 774K | 300K | 45K | 50K | 44K | 86K | 3K | 260K | 459K | 1.89M | 4.81M | 1.6M | 966K | 456K | 145K | 153K | 1.29M | 5.92M | 0 | 0 |
| Interest Expense | 8.14M | 15.12M | 16.47M | 16.83M | 10.54M | 7.02M | 8.27M | 13.68M | 15.74M | 16.71M | 15.47M | 13.05M | 13.9M | 24.63M | 35.41M | 37.65M | 24.43M | 27.95M | 43.09M | 49.41M | 29.43M | 29.85M | 28.28M | 26.89M | 24.98M | 22.27M | 69.51M | 0 | 8.24M |
| Other Income/Expense | -47.94M | -96.94M | -14.21M | -15.04M | -8.31M | -6.56M | -6.49M | -9.9M | -12.16M | -18.98M | -15.33M | -13.21M | -14.1M | -54.26M | -39.06M | -37.38M | -25.16M | -32.2M | -31.39M | -44.6M | -46.69M | -37.95M | -27.86M | -26.75M | -24.76M | -16M | -63.81M | -12.09M | -8.24M |
| Pretax Income | -22.82M | -96.4M | -66.19M | -41.54M | 22.27M | 53.91M | 119K | -11.55M | 21.41M | 259.41M | 33.53M | 42.04M | 45.57M | -312K | 19.71M | -2.41M | -21.28M | -51.75M | -594.55M | 21.66M | -138.91M | -12.07M | 12.66M | -5.95M | -10.98M | -88.82M | -95.17M | -40.08M | -3.49M |
| Pretax Margin % | -4.13% | -21.54% | -18.14% | -13.98% | 6.87% | 7.09% | 0.03% | -4.22% | 7.19% | 48.39% | 12.97% | 16.54% | 18.83% | -0.14% | 8.83% | -1.24% | -10.62% | -27.35% | -255.9% | 8.66% | -47.61% | -4.3% | 4.89% | -2.5% | -4.6% | -42.52% | -61.79% | -67.93% | -7.79% |
| Income Tax | -15.34M | -18M | 4.11M | -8.39M | 8.87M | 18.68M | 1.51M | 8.16M | 7.88M | 82.81M | 13.12M | 16.41M | 18.44M | 7.43M | 6.11M | 5.79M | -3.38M | 15.68M | -110.7M | -18.05M | -4.46M | -2.34M | 7.04M | 968K | -122K | -23M | -2.93M | -121K | 210K |
| Effective Tax Rate % | 67.24% | 18.67% | -6.2% | 20.2% | 39.83% | 34.65% | 1265.55% | -70.61% | 36.79% | 31.92% | 39.14% | 39.04% | 40.48% | -2383.01% | 31% | -240.25% | 15.86% | -30.3% | 18.62% | -83.33% | 3.21% | 19.36% | 55.63% | -16.26% | 1.11% | 25.89% | 3.08% | 0.3% | -6.01% |
| Net Income | -18.1M | -78.4M | -148.91M | -15.44M | 18.12M | 29.29M | -3.91M | -19.71M | 12.16M | 176.29M | 20.41M | 25.63M | 27.12M | -7.75M | 13.6M | -8.2M | -18.09M | -67.67M | -487.94M | -43.12M | -134.6M | -9.66M | 6.16M | 2.27M | -10.64M | -65.8M | -92.24M | -39.96M | -3.7M |
| Net Margin % | -3.27% | -17.52% | -40.8% | -5.2% | 5.59% | 3.85% | -1.14% | -7.21% | 4.08% | 32.89% | 7.89% | 10.08% | 11.21% | -3.46% | 6.09% | -4.22% | -9.02% | -35.76% | -210.01% | -17.24% | -46.13% | -3.44% | 2.38% | 0.95% | -4.46% | -31.49% | -59.89% | -67.72% | -8.26% |
| Net Income Growth % | 87.77% | 47.35% | -864.62% | -185.2% | -38.14% | 849.16% | 80.16% | -262.09% | -93.1% | 763.97% | -20.37% | -5.52% | 450.1% | -156.96% | 265.87% | 54.66% | 73.27% | 86.13% | -1031.66% | 67.97% | -1293.8% | -256.67% | 171.9% | 121.3% | 83.82% | 28.67% | -130.85% | -979.34% | - |
| Net Income (Continuing) | -18.26M | -78.4M | -70.29M | -33.15M | 13.4M | 35.23M | -1.39M | -19.71M | 13.54M | 175.7M | 20.41M | 25.63M | 27.12M | 133.82M | 13.6M | -8.2M | -17.91M | -49.84M | -524.63M | 39.7M | -134.45M | -9.8M | 5.62M | -6.6M | -11.72M | -65.8M | -92.24M | -39.96M | -3.7M |
| Discontinued Operations | 163K | 0 | -78.62M | 17.71M | 4.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 43.76M | 14.95M | 0 | 33.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.19 | -0.86 | -1.66 | -0.18 | 0.21 | 0.33 | -0.05 | -0.23 | 0.13 | 1.91 | 0.22 | 0.28 | 0.30 | -0.09 | 0.16 | -0.10 | -0.21 | -0.81 | -5.39 | -0.42 | -1.27 | -0.08 | -0.09 | -0.08 | -0.09 | -0.57 | -0.80 | -0.35 | -0.03 |
| EPS Growth % | 87.12% | 48.19% | -822.22% | -185.71% | -36.36% | 760% | 78.26% | -276.92% | -93.19% | 768.18% | -21.43% | -6.67% | 438.6% | -155.38% | 265.98% | 54.1% | 74.07% | 84.97% | -1183.33% | 66.93% | -1536.6% | 15.56% | -14.88% | 10.51% | 84.32% | 28.75% | -128.57% | -990.34% | - |
| EPS (Basic) | - | -0.86 | -1.66 | -0.18 | 0.21 | 0.34 | -0.05 | -0.23 | 0.14 | 1.95 | 0.23 | 0.29 | 0.31 | -0.09 | 0.16 | -0.10 | -0.21 | -0.81 | -5.39 | -0.42 | -1.27 | -0.08 | -0.09 | -0.08 | -0.09 | -0.57 | -0.80 | -0.35 | -0.03 |
| Diluted Shares Outstanding | 96.42M | 91.14M | 89.88M | 87.9M | 87.77M | 87.91M | 84.23M | 86.22M | 90.33M | 91.89M | 91.3M | 90.3M | 90.94M | 87.4M | 86.31M | 85.05M | 84.49M | 83.97M | 90.56M | 103.02M | 106.08M | 124.48M | 106.11M | 112.61M | 119.11M | 115.22M | 115.29M | 115.29M | 115.29M |
| Basic Shares Outstanding | 91.99M | 91.14M | 89.88M | 87.9M | 85.39M | 85.3M | 84.23M | 85.11M | 89.12M | 90.27M | 89.34M | 87.92M | 88.68M | 87.4M | 85.88M | 85.05M | 84.49M | 83.97M | 90.56M | 102.38M | 106.08M | 124.29M | 105.76M | 112.61M | 119.11M | 115.22M | 115.29M | 115.29M | 115.29M |
| Dividend Payout Ratio | - | - | - | - | 47.13% | 29.12% | - | - | 146.22% | 8.32% | 54.78% | 36.49% | 32.69% | - | 75.83% | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Digital segment margin volatility
As reported in recent financial statements, EVC's revenue trajectory exhibits extreme quarterly variance, highlighted by a 114.4% year-over-year growth spike in 2026Q1, which contrasts sharply with the significant contractions observed throughout 2024, suggesting that top-line performance remains highly sensitive to episodic digital contract wins and political cycles.
The erratic revenue growth suggests that the company's reliance on high-volume, low-margin digital reselling creates a lumpy top-line profile that lacks the predictability of traditional broadcast models. Investors should monitor whether this growth is sustainable or merely a byproduct of aggressive, low-margin customer acquisition strategies that may not translate into long-term value.
Based on EVC's reported figures, consolidated gross margins have fluctuated significantly, bottoming out at 11.4% in 2024Q1 before recovering to 48.2% in 2026Q1, a trend that appears to reflect the company's ongoing struggle to balance high-margin legacy broadcasting with lower-margin, high-volume digital advertising services.
The wide variance in gross margins indicates that the company's profitability is highly dependent on the specific revenue mix within a given quarter. This instability suggests that the firm lacks consistent pricing power, as the digital segment's reliance on third-party platforms forces a pass-through cost structure that leaves little room for margin expansion.
According to recent SEC filings, EVC's operating income has frequently dipped into negative territory, with operating margins reaching a low of -57.5% in 2025Q1, indicating that the company's fixed cost base is currently too heavy to be supported by its volatile and thin-margin revenue streams.
The inability to consistently scale operating income alongside revenue suggests that the company's administrative and overhead expenses are not being managed with sufficient efficiency. This lack of operating leverage implies that any further decline in core broadcast ad-spend could lead to sustained operating losses, necessitating a more aggressive cost-rationalization program.
As indicated by the company's historical income statements, net income has been consistently pressured by significant losses, including a -17.52% net margin in 2025Q4, which appears to be driven by non-operating items and potential asset impairments rather than purely operational performance issues.
The recurring net losses suggest that the company's earnings quality is currently low, as the bottom line is frequently distorted by one-time charges and the amortization of intangible assets. Investors should be wary of these persistent losses, as they may indicate that the carrying value of legacy broadcast assets is increasingly disconnected from their actual cash-generating potential.
Based on the provided data, the primary risk to the current narrative is the high dependency on low-margin digital revenue, which, as evidenced by the 2024Q1 gross margin of 11.4%, may not provide a viable long-term foundation for profitability if platform partnerships are disrupted.
Short-sellers would likely focus on the company's inability to generate consistent positive net income despite significant revenue growth in certain periods. This suggests that the digital pivot may be a value-destructive endeavor if the company cannot transition from a low-margin reseller to a high-margin proprietary ad-tech provider.
Quick answers to the most common questions about buying EVC stock.
For fiscal year 2025, Entravision Communications Corporation (EVC) reported total revenue of $447.6M. This represents a 898.6% increase compared to $44.8M in 1998.
Entravision Communications Corporation (EVC) reported a net loss of $78.4M for the fiscal year ending 2025.
Entravision Communications Corporation (EVC) reported an operating income of $0.5M, resulting in an operating profit margin of 0.1%. This margin reflects the operational efficiency of the business before interest and taxes.
Entravision Communications Corporation (EVC) generated $94.3M in gross profit for the year, representing a gross profit margin of 21.1%. This demonstrates the company's core pricing power and production efficiency.