Townsquare Media, Inc. (TSQ) intrinsic value & 10-year financials
Townsquare Media, Inc. (TSQ) has a Graham intrinsic value of $5.15 per share. At $3.83 on Oct 17, 2026, the stock trades 26% below that value. Over the last 10 fiscal years revenue grew 0.1% a year to $427.4M, with an average return on invested capital of 2.7%.
- Graham intrinsic value
- $5.15
- Share price (Oct 17, 2026)
- $3.83
- Price vs Graham value
- 26% below
- Market cap
- $62.0M
- Revenue (FY2025)
- $427.4M
- Revenue growth (10-yr CAGR)
- 0.1%
- ROIC (10-yr avg)
- 2.7%
- Free cash flow (FY2025)
- $15.4M
TSQ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $427.4M | -$11.5M | — | $15.4M | 10.3% | 10.6% |
| FY2024 | $451.0M | -$12.7M | -$0.81 | $31.3M | 4.8% | 5.1% |
| FY2023 | $454.2M | -$45.0M | -$2.68 | $52.8M | -4.2% | -3.4% |
| FY2022 | $463.1M | $12.3M | — | $34.4M | 12.0% | 10.2% |
| FY2021 | $418.0M | $16.7M | — | $48.7M | 17.8% | 8.4% |
| FY2020 | $371.3M | -$82.5M | — | $16.5M | -20.2% | -9.6% |
| FY2019 | $431.4M | -$67.8M | — | $20.3M | -8.6% | -4.1% |
| FY2018 | $430.6M | -$32.9M | — | $18.5M | 9.4% | 4.7% |
| FY2017 | $411.4M | -$11.2M | -$0.56 | $27.9M | 2.7% | 0.6% |
| FY2016 | $421.6M | $23.1M | $0.85 | $38.9M | 18.4% | 4.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Townsquare Media, Inc. has demonstrated mature, steady growth, with revenue compounding at 0.2% annually over the past decade.
Townsquare Media, Inc. has historically struggled to out-earn its cost of capital, averaging just 2.7% ROIC.
Over the decade, Townsquare Media, Inc. shows that management has aggressively returned capital to shareholders by retiring 40.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Townsquare Media, Inc. is modeled at 0.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.15 per share.