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The E.W. Scripps Company (SSP) 10-Year Financial Performance & Capital Metrics

SSP • • Industrial / General
Communication ServicesBroadcastingTelevision BroadcastingLocal TV Station Operators
AboutThe E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. The company operates through Local Media, Scripps Network, and Other segments. The Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations. This segment also runs network, syndicated, and original programming. The Scripps Network segment comprises of national television networks. The Network operates through over-the-air broadcast, cable/satellite, connected TV, and digital distribution. In addition, the company provides content and services through the internet, smartphones, and tablets. Further, the company provides Newsy, a national news network, which provides politics, entertainment, science, and technology news; and Scripps National Spelling Bee, an investigative reporting newsroom in Washington, D.C. Additionally, the company offers ION, a national broadcast television network that delivers popular crime and justice procedural programming through over-the-air broadcast and pay TV platforms. It serves audiences and businesses. The E.W. Scripps Company operates through a network of 61 television stations. The company was founded in 1878 and is headquartered in Cincinnati, Ohio.Show more
  • Revenue $2.51B +9.5%
  • EBITDA $568M +194.9%
  • Net Income $146M +115.4%
  • EPS (Diluted) 1.01 +108.5%
  • Gross Margin 47.37% +7.6%
  • EBITDA Margin 22.62% +186.7%
  • Operating Margin 16.44% +150.0%
  • Net Margin 5.83% +114.1%
  • ROE 11.82% +120.5%
  • ROIC 7.59% +162.4%
  • Debt/Equity 2.04 -22.7%
  • Interest Coverage 1.96 +155.6%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong Piotroski F-Score: 7/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 13.2%
  • ✓Trading at only 0.2x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.0x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.19%
5Y13.18%
3Y3.2%
TTM-3.27%

Profit (Net Income) CAGR

10Y30.1%
5Y-
3Y6.02%
TTM111.23%

EPS CAGR

10Y18.82%
5Y-
3Y10.93%
TTM85.81%

ROCE

10Y Avg2.84%
5Y Avg3.43%
3Y Avg0.6%
Latest8.55%

Peer Comparison

Local TV Station Operators
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Total Return (DRIP)
Technical
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
CCZComcast Holdings Corp.559.44M62.1615.011.78%18.33%23.16%100%0.06
TGNATEGNA Inc.3.05B18.955.376.56%12%11.08%20.72%1.04
SSPThe E.W. Scripps Company281.34M3.663.629.46%0.99%1.83%100%2.04
GTNGray Media, Inc.394.98M4.271.2711.06%2.81%3.35%100%1.94

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+715.66M943.05M864.83M1.21B1.35B1.86B2.28B2.45B2.29B2.51B
Revenue Growth %-0.18%0.32%-0.08%0.4%0.12%0.37%0.23%0.07%-0.07%0.09%
Cost of Goods Sold+624.82M742.36M770.07M1B701.84M929.75M1.11B1.23B1.28B1.32B
COGS % of Revenue0.87%0.79%0.89%0.83%0.52%0.5%0.48%0.5%0.56%0.53%
Gross Profit+90.84M200.68M94.76M208.24M649.56M927.73M1.18B1.22B1.01B1.19B
Gross Margin %0.13%0.21%0.11%0.17%0.48%0.5%0.52%0.5%0.44%0.47%
Gross Profit Growth %-0.09%1.21%-0.53%1.2%2.12%0.43%0.27%0.04%-0.17%0.18%
Operating Expenses+110.63M72.91M56.34M63.99M562.21M624.24M776.56M791.1M1.76B776.51M
OpEx % of Revenue0.15%0.08%0.07%0.05%0.42%0.34%0.34%0.32%0.77%0.31%
Selling, General & Admin70.77M27.96M14.11M19.75M449.88M497.75M595.11M623.16M614.77M606.18M
SG&A % of Revenue0.1%0.03%0.02%0.02%0.33%0.27%0.26%0.25%0.27%0.24%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses-1.42M-2.65M-3.48M-19.6M112.33M126.49M181.46M167.94M1.15B170.33M
Operating Income+-82.87M126.65M-1.9M129.96M87.36M303.49M400.75M428.34M-753.24M412.49M
Operating Margin %-0.12%0.13%-0%0.11%0.06%0.16%0.18%0.17%-0.33%0.16%
Operating Income Growth %-3.84%2.53%-1.02%69.29%-0.33%2.47%0.32%0.07%-2.76%1.55%
EBITDA+-30.92M181.85M54.44M193.95M171.7M410.64M562.67M588.78M-598.14M567.72M
EBITDA Margin %-0.04%0.19%0.06%0.16%0.13%0.22%0.25%0.24%-0.26%0.23%
EBITDA Growth %-1.4%6.88%-0.7%2.56%-0.11%1.39%0.37%0.05%-2.02%1.95%
D&A (Non-Cash Add-back)51.95M55.2M56.34M63.99M84.34M107.16M161.92M160.43M155.1M155.23M
EBIT-96.66M114.93M-5.38M110.36M81.6M302.01M352.25M437.59M-754M420.32M
Net Interest Income+-15.1M-18.04M-26.7M-36.18M-80.6M-92.99M-165.16M-161.13M-213.51M-210.34M
Interest Income0000000000
Interest Expense15.1M18.04M26.7M36.18M80.6M92.99M165.16M161.13M213.51M210.34M
Other Income/Expense-16.52M-35.02M-30.17M-55.78M-86.36M-94.47M-213.66M-151.88M-214.27M-202.51M
Pretax Income+-99.39M105.97M-32.08M74.17M1M209.02M187.09M276.46M-967.51M209.98M
Pretax Margin %-0.14%0.11%-0.04%0.06%0%0.11%0.08%0.11%-0.42%0.08%
Income Tax+-32.76M38.73M-20.05M18.1M2.92M55.46M71.19M80.56M-19.73M63.76M
Effective Tax Rate %0.83%0.63%0.41%0.27%-18.3%1.29%0.66%0.71%0.98%0.7%
Net Income+-82.48M67.23M-13.11M20.38M-18.38M269.33M122.71M195.9M-947.78M146.22M
Net Margin %-0.12%0.07%-0.02%0.02%-0.01%0.14%0.05%0.08%-0.41%0.06%
Net Income Growth %-8.83%1.82%-1.19%2.56%-1.9%15.66%-0.54%0.6%-5.84%1.15%
Net Income (Continuing)-73.87M59.92M-12.02M69.89M-1.91M153.56M115.9M195.9M-947.78M146.22M
Discontinued Operations-8.61M7.31M00-16.46M115.77M6.81M000
Minority Interest00632K0000000
EPS (Diluted)+-1.070.80-0.160.25-0.021.010.741.62-11.841.01
EPS Growth %-6.94%1.75%-1.2%2.56%-1.09%43.62%-0.27%1.19%-8.31%1.09%
EPS (Basic)-1.070.80-0.160.25-0.021.020.791.71-11.841.01
Diluted Shares Outstanding77.37M83.64M82.05M81.93M80.83M81.83M87.98M87.35M84.27M86.07M
Basic Shares Outstanding77.37M83.34M80.85M81.37M80.83M81.42M82.33M83.22M84.27M85.74M
Dividend Payout Ratio---0.8%-0.06%-0.25%--

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+302.63M345.89M605.53M471.02M643.92M2.09B702.28M643.94M676.09M630.01M
Cash & Short-Term Investments108.06M134.35M148.7M107.11M32.97M576.02M66.22M18.03M35.32M23.85M
Cash Only108.06M134.35M148.7M107.11M32.97M576.02M66.22M18.03M35.32M23.85M
Short-Term Investments0000000000
Accounts Receivable176.53M178.54M245.37M300.57M417.5M441.38M573.3M600.1M610.54M568.19M
Days Sales Outstanding90.0369.1103.5690.79112.7686.7391.6489.2997.1982.63
Inventory-176.53M-193.03M-109.36M-300.57M000000
Days Inventory Outstanding----------
Other Current Assets11.48M33.01M211.47M63.33M193.45M1.08B62.76M25.82M30.23M37.97M
Total Non-Current Assets+1.38B1.38B1.52B1.66B2.92B2.77B5.96B5.79B4.73B4.57B
Property, Plant & Equipment271.05M260.73M210M237.93M498.57M395.39M581.77M576.47M554.45M544.04M
Fixed Asset Turnover2.64x3.62x4.12x5.08x2.71x4.70x3.93x4.26x4.14x4.61x
Goodwill585.79M616.78M755.95M834.01M1.22B1.2B2.91B2.92B1.97B1.97B
Intangible Assets479.19M467.9M425.98M478.95M1.06B975.44M1.91B1.82B1.73B1.64B
Long-Term Investments13.86M14.22M7.7M7.16M8.38M14.4M21.63M23.14M23.27M8.88M
Other Non-Current Assets14.71M13.78M104.32M91.85M113.33M176.75M528.94M445.62M460.56M411.58M
Total Assets+1.68B1.73B2.13B2.13B3.56B4.86B6.66B6.43B5.41B5.2B
Asset Turnover0.43x0.55x0.41x0.57x0.38x0.38x0.34x0.38x0.42x0.48x
Asset Growth %0.63%0.03%0.23%0%0.67%0.36%0.37%-0.03%-0.16%-0.04%
Total Current Liabilities+119.82M104.13M210.79M198.06M312.03M358.46M511.88M485M477.82M482.39M
Accounts Payable31.61M15.98M23.65M26.92M28.44M68.14M83.93M82.71M76.38M100.67M
Days Payables Outstanding18.467.8611.219.8214.7926.7527.6924.4721.7227.82
Short-Term Debt6.66M6.57M5.66M3M10.61M10.61M18.61M18.61M15.61M15.61M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities47.66M32.1M132.19M111.75M108.55M90.76M123.43M114.39M293.31M107.06M
Current Ratio2.53x3.32x2.87x2.38x2.06x5.84x1.37x1.33x1.41x1.31x
Quick Ratio4.00x5.18x3.39x3.90x2.06x5.84x1.37x1.33x1.41x1.31x
Cash Conversion Cycle----------
Total Non-Current Liabilities+660.05M678.31M981.27M1.01B2.35B3.34B4.18B3.82B3.78B3.4B
Long-Term Debt392.49M386.61M687.62M685.76M1.9B2.92B3.13B2.85B2.9B2.56B
Capital Lease Obligations0000113.65M42.1M113.89M134.93M117.86M110.42M
Deferred Tax Liabilities3.49M17.74M644K25.53M17.88M85.84M356.78M370.46M307.4M293.63M
Other Non-Current Liabilities267.57M281.49M293.66M273.92M279.18M241.42M527.96M409.79M412.17M395.82M
Total Liabilities779.88M782.44M1.19B1.2B2.66B3.7B4.69B4.3B4.25B3.88B
Total Debt+399.14M393.19M693.27M688.76M2.03B2.98B3.26B3.01B3.05B2.69B
Net Debt291.08M258.83M544.58M581.65M2B2.4B3.2B2.99B3.01B2.66B
Debt / Equity0.44x0.42x0.74x0.74x2.26x2.56x1.66x1.41x2.64x2.04x
Debt / EBITDA-2.16x12.73x3.55x11.82x7.25x5.80x5.11x-4.73x
Net Debt / EBITDA-1.42x10.00x3.00x11.62x5.84x5.68x5.08x-4.69x
Interest Coverage-5.49x7.02x-0.07x3.59x1.08x3.26x2.43x2.66x-3.53x1.96x
Total Equity+900.98M945.93M938.12M926.16M897.93M1.16B1.97B2.13B1.16B1.32B
Equity Growth %0.73%0.05%-0.01%-0.01%-0.03%0.3%0.69%0.08%-0.46%0.14%
Book Value per Share11.6411.3111.4311.3011.1114.2222.4024.4013.7215.31
Total Shareholders' Equity900.98M945.93M937.49M926.16M897.93M1.16B1.97B2.13B1.16B1.32B
Common Stock838K819K816K807K810K817K826K836K848K866K
Retained Earnings-174.04M-94.08M-90.06M-86.23M-120.98M131.78M205.12M350.71M-622.22M-476M
Treasury Stock0000000000
Accumulated OCI-89.8M-93.35M-102.92M-95.4M-98.99M-100.12M-73.91M-77.47M-75.51M-75.31M
Minority Interest00632K0000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+8.87M146.49M40.85M140.91M-27.45M277.39M237M311.42M111.6M365.68M
Operating CF Margin %0.01%0.16%0.05%0.12%-0.02%0.15%0.1%0.13%0.05%0.15%
Operating CF Growth %-0.91%15.52%-0.72%2.45%-1.19%11.1%-0.15%0.31%-0.64%2.28%
Net Income-66.64M67.23M-12.02M56.08M-1.91M153.56M115.9M195.9M-947.78M146.22M
Depreciation & Amortization51.95M58.58M56.34M63.99M84.34M107.16M161.92M160.43M155.1M155.23M
Stock-Based Compensation10.13M11.13M15.87M10.74M14.7M17.86M25.96M19.46M25.63M17.99M
Deferred Taxes-26.83M39.27M-16.08M19.35M-5.78M80.64M9.72M12.91M-63.7M-149K
Other Non-Cash Items84.05M6.15M17.25M6.91M-9.27M-115.92M-72.29M-41.49M958.63M-12.51M
Working Capital Changes-43.79M-35.87M-20.51M-16.16M-109.53M34.09M-4.22M-35.8M-16.27M58.9M
Change in Receivables-21.39M-20.63M-22.52M-22.13M-98.71M-40.52M-31.62M-26.88M-10.44M42.35M
Change in Inventory-8.16M-6.41M12.64M-7.73M5.91M0026.88M00
Change in Payables-2.59M-1.55M-7.26M965K1.57M19.52M18.53M2.25M-3.54M13.18M
Cash from Investing+-61.11M-73.43M-299.07M-127.48M-1.26B317.42M-2.46B-66.39M-60.61M-26.54M
Capital Expenditures-23.11M-27.95M-27.68M-60.48M-85.8M-44.95M-60.74M-45.79M-59.63M-65.26M
CapEx % of Revenue0.03%0.03%0.03%0.05%0.06%0.02%0.03%0.02%0.03%0.03%
Acquisitions----------
Investments----------
Other Investing1.83M92K22.63M11.07M38.56M377.78M69.54M569K21K40.36M
Cash from Financing+1.84M-53.33M272.56M-55M1.22B998.18M693.48M-327.48M-33.71M-350.61M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-59.52M00-16.39M-16.37M-16.57M-45.07M-48M-48M0
Share Repurchases----------
Other Financing-5K-2.3M-11.05M-2.48M-13.83M-24.64M-69.35M7.48M-15.84M-3.12M
Net Change in Cash----------
Free Cash Flow+-14.23M118.55M13.18M80.43M-113.25M230.56M175.83M265.63M51.98M300.42M
FCF Margin %-0.02%0.13%0.02%0.07%-0.08%0.12%0.08%0.11%0.02%0.12%
FCF Growth %-1.17%9.33%-0.89%5.1%-2.41%3.04%-0.24%0.51%-0.8%4.78%
FCF per Share-0.181.420.160.98-1.402.822.003.040.623.49
FCF Conversion (FCF/Net Income)-0.11x2.18x-3.12x6.91x1.49x1.03x1.93x1.59x-0.12x2.50x
Interest Paid015.62M18.96M33.67M61.3M82.53M126.26M150.8M195.83M195.86M
Taxes Paid01.1M1.76M3.73M13.18M0102.47M61.74M31.12M71.81M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-11.6%7.28%-1.39%2.19%-2.02%26.13%7.83%9.55%-57.67%11.82%
Return on Invested Capital (ROIC)-7.09%7.93%-0.11%6.52%2.98%7.05%6.89%6.25%-12.16%7.59%
Gross Margin12.69%21.28%10.96%17.23%48.07%49.95%51.56%49.71%44.03%47.37%
Net Margin-11.52%7.13%-1.52%1.69%-1.36%14.5%5.37%7.99%-41.34%5.83%
Debt / Equity0.44x0.42x0.74x0.74x2.26x2.56x1.66x1.41x2.64x2.04x
Interest Coverage-5.49x7.02x-0.07x3.59x1.08x3.26x2.43x2.66x-3.53x1.96x
FCF Conversion-0.11x2.18x-3.12x6.91x1.49x1.03x1.93x1.59x-0.12x2.50x
Revenue Growth-17.65%31.77%-8.29%39.73%11.83%37.45%22.94%7.43%-6.53%9.46%

Revenue by Segment

2015201620172018201920202021202220232024
Core Advertising Revenue---696.45M879.63M915.51M1.59B1.55B1.44B1.33B
Core Advertising Revenue Growth----26.30%4.08%73.90%-2.69%-6.76%-7.92%
Distribution Revenue-------660.32M779.22M784.57M
Distribution Revenue Growth--------18.01%0.69%
Political Advertising Revenue---139.6M23.26M272.07M22.69M208.11M33.46M362.52M
Political Advertising Revenue Growth-----83.34%1069.52%-91.66%817.08%-83.92%983.45%
Other Revenue---67.97M130.9M81.01M53.83M35.51M35.7M32.48M
Other Revenue Growth----92.58%-38.11%-33.56%-34.03%0.53%-9.00%
Retransmission Revenue---304.4M390.04M588.89M614.89M---
Retransmission Revenue Growth----28.13%50.98%4.42%---
Advertising---836.05M------
Advertising Growth----------
Retransmission And Carriage---304.4M------
Retransmission And Carriage Growth----------
Product and Service, Other---67.97M------
Product and Service, Other Growth----------
Local Media--779.21M-------
Local Media Growth----------
National Media--80.17M-------
National Media Growth----------
Others--5.46M-------
Others Growth----------
Television609.55M802.13M--------
Television Growth-31.59%--------
Radio58.88M70.86M--------
Radio Growth-20.34%--------
Digital38.93M62.08M--------
Digital Growth-59.46%--------
Syndication and Other8.3M7.98M--------
Syndication and Other Growth--3.85%--------

Frequently Asked Questions

Valuation & Price

The E.W. Scripps Company (SSP) has a price-to-earnings (P/E) ratio of 3.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

The E.W. Scripps Company (SSP) reported $2.32B in revenue for fiscal year 2024. This represents a 218% increase from $728.7M in 2011.

The E.W. Scripps Company (SSP) grew revenue by 9.5% over the past year. This is steady growth.

Yes, The E.W. Scripps Company (SSP) is profitable, generating $23.0M in net income for fiscal year 2024 (5.8% net margin).

Dividend & Returns

The E.W. Scripps Company (SSP) has a return on equity (ROE) of 11.8%. This is reasonable for most industries.

The E.W. Scripps Company (SSP) generated $122.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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