Cumulus Media Inc.(CMLS)Earnings, Financials & Key Ratios
CMLS•NASDAQ
$0.01
Price updated Jun 20, 2026
AboutCumulus Media Inc., an audio-first media company, owns and operates radio stations in the United States. It owns and operates 406 stations in 86 markets, as well as approximately 9,500 affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, the AP, the Academy of Country Music Awards, and other partners. It also provides digital marketing services, such as email marketing, geo-targeted display and video solutions, website and microsite building, hosting, social media management, reputation management, and search engine marketing and optimization. The company serves advertisers through broadcast and on-demand digital, mobile, social, and voice-activated platforms. Cumulus Media Inc. was incorporated in 2002 and is based in Atlanta, Georgia.Show more
- Revenue$827M-2.1%
- EBITDA-$181M-1168.4%
- Net Income-$283M-140.3%
- EPS (Diluted)-16.79-145.8%
- Gross Margin60.8%+0.4%
- EBITDA Margin-21.83%-1191.0%
- Operating Margin-28.98%-492.9%
- Net Margin-34.25%-145.4%
- ROE-193%-468.9%
CMLS Price & Volume
Cumulus Media Inc. (CMLS) stock price & volume — 10-year historical chart
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Secular Revenue Contraction Pressures Cumulus Media Solvency
Investment Thesis • Updated 2025Q3
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Secular broadcast revenue decline
Key Thesis Takeaways
- Cumulus Media faces a challenging outlook as persistent secular declines in terrestrial radio advertising drive consistent top-line contraction, evidenced by an 11.5% year-over-year revenue drop in 2025Q3.
- The company's financial position is increasingly precarious, characterized by a shift to negative equity of $56.9 million and significant asset impairments that have reduced goodwill to $64.7 million.
- Investors should remain cautious as the firm struggles to maintain positive operating income, with high fixed costs frequently neutralizing gross profit margins.
Verdict Logic
the company's inability to generate consistent positive free cash flow, coupled with a negative equity position of $56.9 million, suggests a high risk of continued financial distress.
CMLS Growth Metrics
Cumulus Media Inc. (CMLS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-4.15%
5 Years-5.77%
3 Years-3.36%
TTM-6.94%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-97.47%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-92.58%
Return on Capital
10 Years-3.67%
5 Years-3.04%
3 Years-6.25%
Last Year-21.01%
Peers Comparison
Key metrics vs top competitors for Cumulus Media Inc. (CMLS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.01 | $87.2K | -0.00 | -2.07% | -34.25% | -193% | — | |
| $4.03 | $523.92M | -1.32 | 0.27% | -7.28% | — | — | |
| $14.78 | $1.03B | -9.18 | -10.68% | 2% | 19.23% | — | |
| $3.90 | $362.36M | -4.43 | -15.07% | -3.12% | -3.43% | — | |
| $179.42 | $5.48B | 59.81 | -8.47% | 3.23% | 7.53% | — | |
| $99.83 | $9.75B | 12.70 | 57.01% | 24.75% | 10.42% | — |
Compare CMLS vs Peers
Cumulus Media Inc. (CMLS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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CMLS Frequently Asked Questions
Cumulus Media Inc. (CMLS) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Cumulus Media Inc.'s revenue?
Cumulus Media Inc. (CMLS) reported $772.2M in revenue for fiscal year 2024. This represents a 682% increase from $98.8M in 1998.
How fast is Cumulus Media Inc. growing?
Cumulus Media Inc. (CMLS) saw revenue decline by 2.1% over the past year.
Is CMLS profitable?
Cumulus Media Inc. (CMLS) reported a net loss of $296.7M for fiscal year 2024.
Dividend & Returns
What is CMLS's return on equity?
Cumulus Media Inc. (CMLS) has a return on equity (ROE) of -193.0%. Negative ROE indicates the company is unprofitable.
What is Cumulus Media Inc.'s free cash flow?
Cumulus Media Inc. (CMLS) had negative free cash flow of $10.2M in fiscal year 2024, likely due to heavy capital investments.