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Data as of Q2 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Ranked against 13 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NWS | $17.1B | 30.7× | 12.1× | 1.9× | 6.8% | — | 6.3% | 6.7% | 5.4% | -0.1× | 335 |
| NYT | $10.1B | 30.0× | 19.1× | 3.6× | 9.2% | — | 12.2% | 16.9% | 16.9% | -0.5× | 611 |
| MH | $2.5B | 67.6× | 7.5× | 1.2× | 0.1% | 80.9% | 1.7% | 4.9% | 1.1% | 3.6× | 109 |
| WLY | $2.4B | 11.4× | 7.2× | 1.4× | -0.1% | 74.3% | 13.2% | 26.1% | 14.5% | 1.4× | 256 |
| CMPR | $1.8B | 19.8× | 9.8× | 0.5× | 9.8% | 46.3% | 2.6% | -19.4% | 8.6% | 4.2× | 200 |
| WBTN | $1.4B | — | — | 1.0× | 2.5% | 23.3% | -25.0% | -29.6% | -29.6% | — | 102 |
| DLX | $1.0B | 12.6× | 6.6× | 0.5× | 0.5% | 53.0% | 3.8% | 12.1% | 3.9% | 3.8× | 240 |
| TDAY | $1.0B | — | 13.8× | 0.5× | -8.3% | 38.7% | 0.1% | 1.1% | 0.2% | 6.3× | 220 |
| DJCO | $905M | 8.1× | 90.3× | 10.3× | 25.4% | — | — | 28.7% | 28.7% | -2.1× | 131 |
| SCHL | $666M | 15.5× | 9.7× | 0.4× | -2.7% | 56.4% | 3.6% | 7.6% | 6.9% | -1.0× | 220 |
| EBF | $571M | 13.6× | 8.7× | 1.4× | -0.6% | 30.7% | 10.9% | 13.8% | 13.8% | -0.6× | 161 |
| QUAD | $485M | 17.4× | 4.6× | 0.2× | -9.4% | 21.6% | 1.1% | 21.0% | 5.4% | 1.8× | 140 |
| ACCO | $397M | 9.8× | 10.4× | 0.3× | -8.5% | 32.8% | 2.7% | 6.2% | 2.8% | 7.0× | 195 |
| PMTS | $288M | 19.9× | 7.2× | 0.5× | 13.1% | 31.3% | 2.8% | -86.3% | 5.6% | 3.4× | 76 |
Peers = companies sharing DJCO's sector (Newspapers: Publishing or Publishing & Printing) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2023, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $651.44 today, the market must believe free cash flow compounds 22.1%/yr for a decade (off $14.2M on the 3-yr avg basis).
The market's 22.1% is more conservative than its 6-yr track record.
Default is 9.6% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.00B shares (market data) · net debt -$20.6M
mean -65.9% · volatility σ 149% · implied rate exceeded in 2/4 yrs
Central path = implied 22.1%/yr growth; shaded band = ±1σ (149%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $13.3M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 29%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $20.6M (at 2025-09-30) covers all $47K of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2015-09-30 (10-K). The cash figure is from 2025-09-30, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-05
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $87.7M 100.0% | $69.9M 100.0% | $67.7M 100.0% | $54.0M 100.0% | $49.9M 100.0% | $49.9M 100.0% | $48.7M 100.0% | $40.7M 100.0% | $41.4M 100.0% | $41.6M 100.0% |
| Total Operating Expenses | $78.2M 89.1% | $65.9M 94.2% | $61.1M 90.2% | $52.0M 96.3% | $47.8M 95.7% | $51.2M 102.6% | $66.9M 137.5% | $54.8M 134.5% | $54.6M 131.8% | $48.3M 116.0% |
| Operating Income | $9.5M 10.9% | $4.1M 5.8% | $6.7M 9.8% | $2.0M 3.7% | $2.2M 4.3% | -$1.3M -2.6% | -$18.2M -37.5% | -$14.1M -34.5% | -$13.2M -31.8% | -$6.6M -16.0% |
| Other Income (Expense), net | — | — | — | — | $69K 0.1% | $3K 0.0% | $38K 0.1% | $37K 0.1% | $34K 0.1% | $61K 0.1% |
| Pretax Income | $150.1M 171.1% | $104.3M 149.1% | $28.1M 41.5% | -$102.5M -189.9% | $153.1M 306.6% | $4.2M 8.5% | -$31.5M -64.7% | -$11.3M -27.9% | -$8.1M -19.5% | -$3.0M -7.2% |
| Income Tax Expense | $38.0M 43.3% | $26.2M 37.4% | $6.7M 9.8% | -$26.9M -49.9% | $40.1M 80.4% | $185K 0.4% | -$6.3M -12.9% | -$19.5M -48.0% | -$7.2M -17.3% | -$1.9M -4.7% |
| Net Income | $112.1M 127.9% | $78.1M 111.7% | $21.5M 31.7% | -$21.5M -39.7% | $112.9M 226.1% | $4.0M 8.1% | -$25.2M -51.8% | $8.2M 20.1% | -$918K -2.2% | -$1.0M -2.5% |
| Per Share | ||||||||||
| EPS (Basic) | $81.41 | $56.73 | $15.58 | -$54.81 | $81.77 | — | — | — | — | — |
| EPS (Diluted) | $81.41 | $56.73 | — | — | — | — | — | — | — | — |
| Weighted Avg Shares (Basic) | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | — | — | — | — | — |
| Weighted Avg Shares (Diluted) | 1.4M | 1.4M | — | — | — | — | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-10-05
Where each multiple sits in its own 14-yr range · 76th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 29% against ROIC 29% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 33.5% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 5.3× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Income | -34.5 | -37.5 | -2.6 | 4.3 | 3.7 | 9.8 | 5.8 | 10.9 |
| Income Tax | -48.0 | -12.9 | 0.4 | 80.4 | -49.9 | 9.8 | 37.4 | 43.3 |
| Net Income | 20.1 | -51.8 | 8.1 | 226.1 | -39.7 | 31.7 | 111.7 | 127.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DJCO: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Earns -7.49pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | -10.6% | 9.6% (today's — no rate published for this year) | -20.1pts |
| FY2020 | -0.8% | 9.6% (today's — no rate published for this year) | -10.4pts |
| FY2021 | 0.7% | 5.7% | -5.0pts |
| FY2022 | 0.9% | 7.7% | -6.8pts |
| FY2023 | 2.8% | 8.7% | -5.9pts |
| FY2024 | 1.1% | 8.4% | -7.3pts |
| FY2025 | 1.9% | 9.5% | -7.5pts |
| Now | 28.7% | 9.6% | 19.1pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | not reported | -16.0% | -2.5% |
| FY2017 | not reported | -31.8% | -2.2% |
| FY2018 | not reported | -34.5% | 20.1% |
| FY2019 | not reported | -37.5% | -51.8% |
| FY2020 | not reported | -2.6% | 8.1% |
| FY2021 | not reported | 4.3% | 226.1% |
| FY2022 | not reported | 3.7% | -39.7% |
| FY2023 | not reported | 9.8% | 31.7% |
| FY2024 | not reported | 5.8% | 111.7% |
| FY2025 | not reported | 10.9% | 127.9% |
Return on equity (29%) and return on invested capital (29%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
The spread has been narrowing over the last three years.
Free cash flow has fallen short of reported profit in 3 of the last three years.
Accruals are 18.03% of assets — profit is running ahead of cash, which is the earliest quality warning available.
No debt, so there is no leverage path to distress.
This schedule comes from a filing dated 2015-09-30, 4023 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2015-09-30 (10-K); cash from the 2025-09-30 balance sheet; FCF from FY2025.
Balance sheet at 2025-09-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
At $656.44, free cash flow must compound 22.25%/yr for 10 years. It has done 44.73%/yr over 6 years, though across a reporting-basis change.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | 48.4% | 22.3% |
| FY2021 | 51.3% | 22.3% |
| FY2022 | −262.6% | 22.3% |
| FY2024 | −100.9% | 22.3% |
The achieved growth rate spans a reporting-basis change in FY2022, so part of it measures the restatement rather than the business.
| Step | Amount | Running total |
|---|---|---|
| Net income | $112M | $112M |
| Share-based comp | $140,000 | $112M |
| Other non-cash & working capital | −$99M | $13M |
| Operating cash flow | $13M | $13M |
| Capex | −$8,000 | $13M |
| Free cash flow | $13M | $13M |
| FCF after SBC | $13M | $13M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 2.6% | -4.4% | -7.0 points |
| FY2021 | -0.0% | 41.6% | 41.6 points |
| FY2022 | 8.2% | 77.8% | 69.6 points |
| FY2023 | 25.4% | 10.4% | -15.0 points |
| FY2024 | 3.3% | 2.9% | -0.4 points |
| FY2025 | 25.4% | 9.3% | -16.1 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 52.8 days | not reported | not reported | not reported |
| FY2020 | 49.2 days | not reported | not reported | not reported |
| FY2021 | 69.6 days | not reported | not reported | not reported |
| FY2022 | 114.4 days | not reported | not reported | not reported |
| FY2023 | 100.7 days | not reported | not reported | not reported |
| FY2024 | 100.3 days | not reported | not reported | not reported |
| FY2025 | 87.4 days | not reported | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -11.3 percent |
| FY2020 | 0.7 percent |
| FY2021 | 28.6 percent |
| FY2022 | -5.1 percent |
| FY2023 | 1.8 percent |
| FY2024 | 19.4 percent |
| FY2025 | 18.0 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.