Newsmax

NMAX

Broadcasting · Communication Services

Price

$8.36

-0.15 (-1.76%)

Market Cap

$751.7M

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Share count rising — dilution

+57.2% over 3y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 82.1M (2022) → 129.1M (2025)

Newsmax, Inc. is a American media company that runs a cable and streaming news channel called Newsmax TV, along with a news website and digital content. It targets conservative-leaning viewers in the United States and competes directly with Fox News and other right-leaning news outlets. The company also distributes content through its website, email newsletters, and social media platforms.

Newsmax makes most of its money through advertising sold against its TV and digital audiences, along with some revenue from cable carriage fees paid by distributors. It operates almost entirely in the United States and is significantly smaller than rivals like Fox News, which gives those competitors a large advantage in ad rates and distribution deals. The company is currently losing money at a significant rate, and its main challenge is growing its audience and securing stable carriage agreements with cable and streaming providers to reach a point where revenue covers its costs.

Winston Score History

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

+14.0% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+96.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

65.6%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~17 months

$129M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

Growth context

Newsmax is growing revenue at 14% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

37.5%

Modest — 37.5% gross margin

Operating Margin

-8.7%

Losing money on operations — -8.7%

ROCE

-4.2%

Weak — -4.2% return on capital

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

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+12.7%

Fast-growing sales (12.7% YoY)

EPS YoY

N/A

—

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-37.9%

Burning cash (-37.9%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial