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Townsquare Media

TSQ
21
Broadcasting · Communication Services
Price
$5.93
+0.17 (+2.95%)
Market Cap
$98.7M
Winston Score
21
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available
Dividends
Good

Share count falling — buybacks

23.8% over 4y

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

Diluted shares outstanding: 21.2M (2021) → 16.2M (2025)

Winston Score History

The full picture

Townsquare Media is a media and entertainment company that owns and operates radio stations and local news websites across small and mid-sized towns in the United States. Its main products are local radio broadcasts, digital advertising, and live events. The company serves local businesses that want to reach audiences in smaller communities outside of major cities.

Townsquare makes money in two main ways: selling advertising on its radio stations and selling digital advertising through its websites and programmatic ad platform called Townsquare Interactive. It operates in roughly 70 small and mid-sized U.S. markets, making it one of the larger local media companies focused specifically on non-top-50 cities. The company's digital advertising segment has been growing and provides some offset to the long-term decline in traditional radio listening, but shrinking radio audiences and advertiser shifts toward national digital platforms remain the key risks to its business.

Growth Profile

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

Revenue Growth

-0.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

<−1,000% 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

11.2%ownership

Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

$2M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

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

Revenue declining

Townsquare Media'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
26.7%
Modest — 26.7% gross margin
Profit after running costs
Operating Margin
-10.7%
Losing money on operations — -10.7%
Return on the money invested
ROCE
-3.4%
Weak — -3.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
-4.9%
Shrinking sales (-4.9% YoY)
Profit growth
EPS YoY
-226.1%
Earnings shrinking (-226.1% YoY)

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

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
3.4%
Thin free cash flow (3.4%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
0.52x
Dangerous — barely covers interest (0.5x)

Interest coverage below 1. Their profits don't cover the interest bill.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
13.79%
Healthy income — 13.79% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+0.3%
Dividend flat

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