This stock no longer trades (delisted March 20, 2026)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

TEGNA

TGNA

Broadcasting · Communication Services

Price

$20.03

+0.00 (+0.00%)

Market Cap

$3.24B

Winston Score

Historical score — this stock no longer trades, so the score is frozen at the last available data.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Strong

Stability

Good

Valuation

Strong

Dividends

Mixed

Share count falling — buybacks

−26.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 222.5M (2021) → 162.8M (2025)

Winston Score History

The full picture

TEGNA owns and operates local television stations across the United States. It runs about 64 stations in over 50 markets, broadcasting news, weather, and sports to local communities. The company owns affiliates tied to major networks like NBC, CBS, ABC, and Fox, making it one of the largest local TV broadcasters in the country.

TEGNA makes money primarily through two streams: advertising sold to local and national businesses, and retransmission fees paid by cable and satellite providers to carry its channels. It operates entirely within the U.S. and generates roughly $3 billion in annual revenue. Its main competitive advantage is owning stations in large, hard-to-enter local markets, but the business faces a serious long-term risk as more viewers cut cable subscriptions and shift to streaming, which puts pressure on both advertising revenue and the retransmission fees that have historically been a reliable income source.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-18.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-68.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

0.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$-249M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

TEGNA's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale

Gross Margin

37.0%

Modest — 37.0% gross margin

Profit after running costs

Operating Margin

16.9%

Healthy — 16.9% operating margin

Return on the money invested

ROCE

7.8%

Weak — 7.8% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

-12.6%

Shrinking sales (-12.6% YoY)

Profit growth

EPS YoY

-61.7%

Earnings shrinking (-61.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

149%

Turns 149% of profit into real cash

Spare cash per sale

FCF Margin

10.4%

Modest free cash flow (10.4%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

0.81

Moderate — manageable debt (0.81)

Covers its interest

Interest Cover

2.60x

Tight — interest eats into profit (2.6x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

14.7x

Attractive valuation — P/E 14.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+3.1

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (14.7 → 11.6)

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Dividends

Dividend

Dividend Yield

2.50%

Moderate income — 2.50% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+0.0%

Dividend flat

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