Entravision

EVC · NYSE · Communication Services · Financials, fiscal 2016 to 2025

EVC · Last close · November 6, 2026

$8.99

Entravision's revenue rose 22.6% to $448 million in fiscal 2025. Its operating margin was −18.6%, down from −14.2% a year earlier. Free cash flow was $4 million, down 94.7%. It paid out $18 million in dividends and buybacks, 518% of free cash flow. The diluted share count rose 1.3%.

ENTRAVISION COMMUNICATIONS CORPORATION Latest fiscal year ended December 31, 2025 10-K filed March 5, 2026 · 0001193125-26-093993 Updated November 9, 2026

Revenue

$448M

22.6%

Operating margin

−18.6%

4.4 pts

Net income

−$79M

Free cash flow

$4M

94.7%

Return on capital

−33.5%

19.5 pts

Market cap

$939M

Nov 6 close

P/E

30.0x

On $0.30 EPS, 4 qtrs

Operating margin is operating income as a share of revenue. Free cash flow is cash from operations minus capital spending. Return on capital is after-tax operating income as a share of the money invested in the business: debt plus equity, minus cash. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

What Entravision does

Entravision is a media and advertising technology company. Its media business owns and runs Spanish-language television and radio stations in the United States, aimed at Latino audiences, and sells advertising on them. It also provides digital marketing services to local businesses that want to reach Latino consumers.

It reports two segments. Media made up about 39% of revenue and advertising technology and services, which helps advertisers (mostly mobile app developers) buy digital ads, made up about 61%. Total net revenue for 2025 was $447.6 million. The technology business runs two brands: Smadex, an automated ad-buying platform, and Adwake, a performance marketing agency.

Its stations include 47 television and 44 radio stations. It is the largest affiliate group of the Univision and UniMás networks, which TelevisaUnivision owns. It earns advertising revenue, fees that cable and internet distributors pay to carry its stations, and political advertising in even-numbered election years. Its agreements with TelevisaUnivision expire at the end of 2026.

Its biggest risks, as it describes them

Its network agreements with TelevisaUnivision expire at the end of 2026 and may not be renewed on current terms.
Retransmission agreements with distributors may be ended or not extended.
Advertisers do not make long-term commitments, so it may lose or fail to attract them.
It may not be able to renew its FCC broadcast licenses.
Its digital advertising business could suffer if it fails to respond to industry changes or loses access to third-party platforms.

From Entravision's annual report on Form 10-K, filed March 5, 2026, in our words; the 10-K has the full description and every risk factor. Updated with each new annual report.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both.

Revenue (left axis)Net income (right axis)

Gross profit, R&D and operating income

US$ billions, fiscal years. Gross profit is revenue minus the cost of what was sold; research and development is one of the costs paid from it; what remains after all operating costs is operating income. Losses in red.

Gross profitResearch and developmentOperating income

Margins

Percent of revenue

GrossOperatingNetFree cash flow

From fiscal 2016 to 2022, earnings per share fell 0.8% a year and net income 2.0% a year, while buybacks cut the share count by 4%. Entravision then lost money in fiscal 2023, 2024 and 2025.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Returns on capital

Return on capital and on equity

Percent. Return on capital is after-tax operating income over the money invested in the business (debt plus equity, minus cash); return on equity is net income over shareholders' equity. Both use the average of opening and closing balances.

Return on capitalReturn on equity

Balance sheet

Cash and debt

US$ billions, at each fiscal year end. Debt includes finance leases.

Cash and short-term investmentsDebt

Assets, liabilities and equity

US$ billions, at each fiscal year end. Assets equal liabilities plus equity; negative equity in red.

Total assetsTotal liabilitiesShareholders' equity

Debt and liquidity ratios

Times. Debt to equity, current assets over current liabilities, and net debt over EBITDA (a full year's).

Debt to equityCurrent ratioNet debt to EBITDA

Five years at a glance

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Cash and short-term investments	—	125	81	101	63
Debt incl. finance leases	212	214	211	188	168
Net debt (negative means net cash)	—	89	130	87	104
Net debt to EBITDA	—	1.9x	—	—	—
Debt to equity	0.8x	0.8x	0.9x	1.3x	3.0x
Interest coverage	8.6x	2.9x	−1.6x	−3.2x	−5.5x
Current ratio	1.8x	1.6x	1.4x	3.0x	1.5x
Quick ratio	1.8x	1.6x	1.4x	3.0x	1.5x

US$ millions unless stated, at each fiscal year end. Net debt to EBITDA is debt minus cash, divided by operating income before depreciation and amortization: roughly how many years of those earnings the net debt equals. Debt to equity is debt as a multiple of shareholders' equity. Interest coverage is operating income divided by interest expense. The current ratio is current assets over current liabilities; the quick ratio leaves out inventory.

Cash flow

Cash from operations, capital spending and free cash flow

US$ billions, fiscal years. Free cash flow is cash from operations minus capital spending; negative years in red.

Cash from operationsCapital spendingFree cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Entravision's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them, or value it with a discounted cash flow model. Every projected figure is yours: it is not a forecast of ours.

Open Entravision's projections

Insider trades

No officer, director or 10% owner of Entravision reported buying or selling its shares on the open market between November 7, 2025 and November 6, 2026.

From Form 4 filings with the SEC. Grants, option exercises and shares withheld for tax aren't counted. Insider trades at all companies

Indicators

Four widely used measures, worked out from the company's filings. The cutoffs are the ones their authors or users go by, not a verdict of ours.

Indicator	FY23	FY24	FY25
Piotroski F-score	3 of 9	4 of 9	4 of 9
Rule of 40	7.8%	41.0%	23.4%
Altman Z''	−0.91	−3.06	−6.51
Accruals ratio	−10.4%	−33.0%	−20.5%

Piotroski F-score: how many of nine simple tests of profitability, funding and efficiency the company passed in the year (Piotroski, 2000); 8 or 9 is strong, 0 to 2 weak. Rule of 40: revenue growth plus free cash flow margin; software investors treat 40% or more as the bar. Altman Z'': working capital, retained earnings, operating income and equity weighed against assets and liabilities (Altman, 1995); Altman puts above 2.6 in the safe zone and below 1.1 in the distress zone. Accruals ratio: net income minus cash from operations, over average total assets; lower means profit is backed by cash.

The nine F-score tests

Test	FY23	FY24	FY25
Net income is positive	Fail	Fail	Fail
Cash from operations is positive	Pass	Pass	Pass
Return on assets rose	Fail	Fail	Pass
Cash from operations exceeds net income	Pass	Pass	Pass
Debt fell relative to assets	Pass	Fail	Fail
Current ratio rose	Fail	Pass	Fail
Share count didn't rise	Fail	Fail	Fail
Gross margin rose	Fail	Fail	Fail
Revenue rose relative to assets	Fail	Pass	Pass
F-score	3 of 9	4 of 9	4 of 9

Companies that report no gross profit are scored on the other eight.

Compare

Put Entravision side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Operating margin	Free cash flow margin	Return on capital	Net debt to EBITDA	F-score	Compare
Entravision	FY25	22.6%	−18.6%	0.8%	−33.5%	—	4
TechTarget	FY25	70.9%	−210.7%	3.3%	—	—	—	Compare
Ibotta	FY25	−6.8%	−0.2%	21.9%	−0.4%	−24.9x	3	Compare
MNTN	FY25	28.6%	8.3%	15.2%	—	—	—	Compare
PubMatic	FY25	−2.9%	−6.1%	23.6%	—	—	—	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly. Free cash flow margin is free cash flow as a share of revenue. Net debt to EBITDA is explained under the balance sheet, and the F-score under Indicators.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	258	536	298	274	344	760	324	297	365	448
Revenue growth	1.7%	107.3%	−44.4%	−8.1%	25.8%	121.0%	−57.4%	−8.3%	22.9%	22.6%
Gross profit	249	—	—	237	237	294	253	220	263	264
Research and development	—	—	—	—	—	—	—	—	—	—
Operating income	49	278	34	−2	7	60	31	−26	−52	−83
Net income	20	176	12	−20	−1	35	18	−15	−149	−79
Diluted EPS (US$)	0.22	1.91	0.13	−0.23	−0.05	0.33	0.21	−0.18	−1.66	−0.87
Diluted shares (millions)	91	92	90	85	84	88	88	88	90	91
Cash flow
Cash from operations	57	302	34	32	63	65	79	75	75	11
Capital expenditure	9	12	17	25	9	6	12	27	8	7
Free cash flow	48	289	17	6	54	59	67	48	66	4
Dividends paid	11	15	18	17	10	8	8	18	18	18
Share buybacks	0	5	14	13	0	0	11	0	0	0
Acquisitions	0	29	4	0	21	14	0	7	0	0
Stock-based compensation	5	6	6	4	5	10	20	24	14	11
Balance sheet at fiscal year end
Cash and short-term investments	62	40	179	125	147	—	125	81	101	63
Debt incl. finance leases	293	299	246	218	215	212	214	211	188	168
Total assets	518	766	690	656	747	851	881	866	487	388
Total liabilities	334	418	358	368	438	594	596	600	341	332
Shareholders' equity	184	348	333	288	276	257	270	222	146	55
Margins and ratios
Gross margin	96.3%	—	—	86.6%	68.9%	38.6%	78.2%	74.0%	72.0%	58.9%
Operating margin	18.9%	51.8%	11.3%	−0.6%	1.9%	8.0%	9.4%	−8.9%	−14.2%	−18.6%
Net margin	7.9%	32.8%	4.1%	−7.2%	−0.4%	4.6%	5.6%	−5.2%	−40.8%	−17.7%
Free cash flow margin	18.7%	54.0%	5.6%	2.3%	15.8%	7.8%	20.8%	16.1%	18.1%	0.8%
Rule of 40 (growth + FCF margin)	20.4%	161.3%	−38.8%	−5.8%	41.6%	128.8%	−36.6%	7.8%	41.0%	23.4%
Return on capital	7.0%	37.0%	4.2%	−0.3%	0.9%	—	—	−5.8%	−14.0%	−33.5%
Return on equity	11.6%	66.1%	3.6%	−6.3%	−0.5%	13.2%	6.9%	−6.3%	−80.8%	−78.6%
Return on assets	3.9%	27.4%	1.7%	−2.9%	−0.2%	4.4%	2.1%	−1.8%	−22.0%	−18.1%
Net debt to EBITDA	3.6x	0.9x	1.3x	6.2x	2.9x	—	1.9x	—	—	—

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Entravision's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Entravision.