NMAX (Newsmax) EBIT: $-6.4 Mil (TTM As of Jun. 2026)

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NMAX Newsmax Inc NMAX
12 GF Score
Price $10.67
! 3 Warning Signs
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What is Newsmax EBIT?

Newsmax NMAX -1.89% 12 EBIT is $-6.4 Mil as of Jun. 2026. GuruFocus rates NMAX with a GF Score™ of 12/100. The stock has 3 warning signs investors should review.

Newsmax's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2026 was $2.9 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was $-6.4 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Newsmax's annualized ROC % for the quarter that ended in Jun. 2026 was 6.74%. Newsmax's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 69.28%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Newsmax's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -0.51%.

Newsmax  (NYSE:NMAX) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Newsmax's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=5.22 * ( 1 - 0% )/( (75.991 + 78.815)/ 2 )
=5.22/77.403
=6.74 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=226.258 - 36.287 - ( 129.095 - max(0, 86.123 - 200.103+129.095))
=75.991

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=230.28 - 34.324 - ( 128.3 - max(0, 84.542 - 201.683+128.3))
=78.815

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Newsmax's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=11.476/( ( (14.796 + max(-11.471, 0)) + (18.331 + max(-6.893, 0)) )/ 2 )
=11.476/( ( 14.796 + 18.331 )/ 2 )
=11.476/16.5635
=69.28 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.293 + 2.01 + 30.705) - (36.287 + 13.481 + 32.711)
=-11.471

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(41.381 + 1.9 + 30.102) - (34.324 + 11.259 + 34.693)
=-6.893

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Newsmax's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=-6.408/1260.777
=-0.51 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Newsmax EBIT Related Terms

Newsmax EBIT Historical Data

* Premium members only.

The historical data trend for Newsmax's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Newsmax EBIT Chart

Newsmax Annual Data
Trend Dec23 Dec24 Dec25
EBIT
-41.72 -72.08 -99.47

Newsmax Quarterly Data
Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -75.16 -4.05 -3.04 -2.19 2.87

NMAX vs SBGI, IHRT, GTN.A: EBIT Comparison

For the Broadcasting subindustry, Newsmax's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Newsmax EV-to-EBIT vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Newsmax's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Newsmax's EV-to-EBIT falls into.


NMAX
12GF Score
Newsmax Inc NMAX
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Newsmax EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-6.4 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-6.4 Mil mean?
Newsmax (NMAX) has a EBIT of $-6.4 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Newsmax.
Is Newsmax's EBIT too high?
Newsmax's current EBIT is $-6.4 Mil. Overall, Newsmax has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Newsmax's EBIT compare to SBGI and IHRT?
Newsmax's EBIT of $-6.4 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Media - Diversified company?
A good EBIT depends on the Media - Diversified industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Newsmax. Newsmax's current EBIT is $-6.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Newsmax stock overvalued right now?
Newsmax (NMAX) has a current EBIT of $-6.4 Mil. The current EBIT is $-6.4 Mil. Newsmax's overall GF Score™ is 12/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Newsmax (NMAX), the current EBIT is $-6.4 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Newsmax Business Description

Address 750 Park of Commerce Drive, Suite 100, Boca Raton, FL, USA, 33487
Newsmax Inc is a multi-platform media company. The company provides original news and lifestyle updates from its linear cable television and over-the-top (OTT) news channels, websites, proprietary database, publishing products, and e-commerce products. It uses original news and editorial content to draw large numbers of readers to its media outlets to sell advertising, print, and online information products. The company's business operations are conducted through two operating segments: Broadcasting and Digital. Maximum revenue is generated from the Broadcasting segment, which produces and licenses news, business news, and lifestyle content for distribution through cable television systems, direct broadcast satellite operators, and telecommunication companies, mainly in the United States.
12GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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