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May 7, 2026·SEC
Material company update
May 7, 2026·SEC
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Saga Communications, Inc.(SGA)Earnings, Financials & Key Ratios
SGA•NASDAQ
$8.90
Price updated Jul 6, 2026
AboutSaga Communications, Inc., a broadcast company, acquires, develops, and operates broadcast properties in the United States. The company's radio stations employ various programming formats, including classic hits, adult hits, top 40, country, country legends, mainstream/hot/soft adult contemporary, pure oldies, classic rock, and news/talk. As of February 28, 2022, it owned seventy-nine FM, thirty- four AM radio stations, and seventy-nine metro signals serving twenty-seven markets. The company was founded in 1986 and is headquartered in Grosse Pointe Farms, Michigan.Show more
- Revenue$107M-5.1%
- EBITDA$3M-60.6%
- Net Income-$8M-328.3%
- EPS (Diluted)-1.28-332.7%
- Gross Margin9.48%-33.2%
- EBITDA Margin2.81%-58.5%
- Operating Margin-2.02%-197.1%
- Net Margin-7.37%-340.7%
- ROE-4.98%-342.0%
SGA Price & Volume
Saga Communications, Inc. (SGA) stock price & volume — 10-year historical chart
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Persistent Revenue Erosion Challenges Saga Communications Outlook
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Fortress
Cash Flow:Deteriorating
Primary Risk:Secular Terrestrial Radio Decline
Key Thesis Takeaways
- Saga Communications faces significant structural headwinds as its core terrestrial radio business experiences persistent top-line contraction, evidenced by a 5.6% year-over-year revenue decline in 2026Q1.
- While the company maintains a fortress balance sheet with a negligible 0.07 debt-to-equity ratio, the inability to convert revenue into positive operating margins—which reached -14.4% in 2026Q1—suggests long-term operational insolvency risks.
- Investors should remain cautious as the company continues to prioritize dividend payments despite failing to generate consistent free cash flow, which turned negative at -1.6% of revenue in the most recent quarter.
Verdict Logic
the company's core business model is failing to generate sustainable profitability, as evidenced by a -10.5% net margin and a 12.0% dividend yield that appears increasingly disconnected from the underlying negative free cash flow of -$372,000 recorded in 2026Q1.
SGA Growth Metrics
Saga Communications, Inc. (SGA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-2.13%
5 Years2.25%
3 Years-2.31%
TTM-5.96%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-351.82%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-359.33%
Return on Capital
10 Years5.82%
5 Years3.61%
3 Years1.86%
Last Year-1.11%
SGA Recent Earnings
Saga Communications, Inc. (SGA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (70%)●Beat Revenue 8/12 qtrs (73%)
Q2 2026Latest
May 7, 2026Metric
Actual
Est
EPS
$0.38
—
Rev
$23M
—
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$1.27+3075.0%
$0.04
Rev
$27M-4.3%
$28M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$0.08-138.1%
$0.21
Rev
$28M+1.7%
$28M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.18-5.3%
$0.19
Rev
$28M-3.5%
$29M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 7, 2026 | $0.38 | $23M |
| Q2 2026 | Mar 12, 2026 | $1.27vs $0.04+3075.0% | $27Mvs $28M-4.3% |
| Q4 2025 | Nov 6, 2025 | $0.08vs $0.21-138.1% | $28Mvs $28M+1.7% |
| Q3 2025 | Aug 7, 2025 | $0.18vs $0.19-5.3% | $28Mvs $29M-3.5% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Saga Communications, Inc. (SGA)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $8.90 | $56.71M | -6.95 | -5.14% | -7.37% | -4.98% | 11.75% | |
| $23.74 | $42.88M | -0.22 | -14.3% | -95.51% | -401.05% | — | |
| $182.78 | $5.58B | 60.93 | -8.47% | 3.23% | 7.53% | — | |
| $4.01 | $372.58M | -4.56 | -15.07% | -3.12% | -3.43% | — | |
| $100.84 | $9.85B | 12.83 | 57.01% | 24.75% | 10.42% | — | |
| $15.14 | $1.06B | -9.40 | -10.68% | 2% | 19.23% | — |
Compare SGA vs Peers
Saga Communications, Inc. (SGA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SGA SEC Filings & Documents
Saga Communications, Inc. (SGA) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SGA Frequently Asked Questions
Saga Communications, Inc. (SGA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Saga Communications, Inc.'s revenue?
Saga Communications, Inc. (SGA) reported $105.8M in revenue for fiscal year 2025. This represents a 88% increase from $56.2M in 1996.
How fast is Saga Communications, Inc. growing?
Saga Communications, Inc. (SGA) saw revenue decline by 5.1% over the past year.
Is SGA profitable?
Saga Communications, Inc. (SGA) reported a net loss of $8.7M for fiscal year 2025.
Dividend & Returns
Does SGA pay dividends?
Yes, Saga Communications, Inc. (SGA) pays a dividend with a yield of 11.75%. This makes it attractive for income-focused investors.
What is SGA's return on equity?
Saga Communications, Inc. (SGA) has a return on equity (ROE) of -5.0%. Negative ROE indicates the company is unprofitable.
What is Saga Communications, Inc.'s free cash flow?
Saga Communications, Inc. (SGA) generated $3.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.