Versant Media Group
VSNT Nasdaq Cable & Satellite Financials FY2023–FY2025
Versant Media Group's revenue fell 5.3% to $6.7 billion in fiscal 2025. Its operating margin was 19.0%, down from 26.1% a year earlier. Free cash flow was $1.9 billion, down 14.0%.
What Versant Media Group does
No business description yet.
- Legal name
- Versant Media Group, Inc.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- —
- Accession · CIK
- 0002067876-26-000010
0002067876
Revenue and margins
Versant Media Group had $6.7B of revenue in fiscal 2025, down 5.3% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $1.9B in fiscal 2025, 27.7% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Versant Media Group returned $0.0M to shareholders in fiscal 2025, 0% of free cash flow. The diluted share count rose 0.0%.
Value Versant Media Group yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.
Discounted cash flow
Value per share
—
Adds net cash of −$928M and divides by 0.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Balance sheet
Cash, debt and the ratios that show how comfortably Versant Media Group can carry it.
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $23.0M | $8.0M | $55.0M |
| Debt incl. finance leases | — | $0.0M | $983M |
| Net debt / EBITDA | — | 0.0x | 0.4x |
| Debt / equity | — | 0.0x | 0.1x |
| Interest coverage | — | — | 97.9x |
| Current ratio | — | 2.2x | 4.0x |
| Quick ratio | — | 2.2x | 4.0x |
| Total assets | — | $12.0B | $12.3B |
| Total liabilities | — | $1.1B | $1.9B |
| Shareholders' equity | $11.7B | $10.8B | $10.3B |
| Net debt (− = net cash) | — | −$8.0M | $928M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$6.2M
4 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 13, 2026 | Leonard PotterDirector | Bought | 2,500 | $37.65 | $0.1M | Form 4 |
| Mar 12, 2026 | Leonard PotterDirector | Bought | 5,000 | $37.88 | $0.2M | Form 4 |
| Mar 11, 2026 | Leonard PotterDirector | Bought | 3,000 | $38.34 | $0.1M | Form 4 |
| Mar 10, 2026 | Leonard PotterDirector | Bought | 3,000 | $37.31 | $0.1M | Form 4 |
| Mar 9, 2026 | Gerald L HassellDirector | Bought | 10,000 | $36.07 | $0.4M | Form 4 |
| Mar 9, 2026 | Michael Aaron ConwayDirector | Bought | 1,350 | $36.14 | $0.0M | Form 4 |
| Mar 5, 2026 | David C NovakDirector | Bought | 143,000 | $36.85 | $5.3M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY24 | FY25 |
|---|---|---|
| Net income is positive | — | ✓ |
| Cash from operations is positive | ✓ | ✓ |
| Return on assets rose | — | — |
| Cash from operations exceeds net income | ✓ | ✓ |
| Debt fell relative to assets | — | — |
| Current ratio rose | — | ✓ |
| Share count didn't rise | — | — |
| Gross margin rose | — | — |
| Revenue rose relative to assets | — | — |
| F-score | — / 9 | — / 9 |
| Accruals ratio | — | −9.0% |
| Altman Z'' | — | — |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Versant Media Group VSNT | $4.4B | −5.3% | 19.0% | 27.7% | 8.7% | — | — | |
| Liberty Global LBTYA | $2.7B | 12.4% | −0.5% | −2.7% | −0.1% | — | 5 | Compare → |
| Charter Communications CHTR | $13.2B | −0.6% | 23.6% | 8.1% | 8.7% | 2.8x | 6 | Compare → |
| Comcast CMCSA | $80.8B | −0.0% | 16.7% | 17.7% | 8.9% | 7.2x | 7 | Compare → |
| Warner Music Group WMG | — | 4.4% | 10.4% | 8.0% | 12.2% | — | — | Compare → |
3 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $7.4B | $7.1B | $6.7B |
| Operating income | $2.1B | $1.8B | $1.3B |
| Interest expense | $0.0M | $0.0M | $13.0M |
| Pretax income | $2.1B | $1.8B | $1.2B |
| Income tax | $530M | $478M | $297M |
| Net income | $1.5B | $1.4B | $930M |
| Cash flow | |||
| Cash from operations | $2.4B | $2.2B | $2.0B |
| Capital expenditure | $56.0M | $54.0M | $167M |
| Free cash flow | $2.4B | $2.2B | $1.9B |
| Depreciation and amortization | $991M | $989M | $1.0B |
| Stock-based compensation | $15.0M | $16.0M | $29.0M |
| Acquisitions | $0.0M | $0.0M | $24.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M |
| Dividends paid | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M |
| Balance sheet | |||
| Cash and short-term investments | $23.0M | $8.0M | $55.0M |
| Total debt | — | $0.0M | $983M |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M |
| Current assets | — | $1.3B | $2.5B |
| Current liabilities | — | $590M | $622M |
| Inventory | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | — | $143M | $423M |
| Total assets | — | $12.0B | $12.3B |
| Total liabilities | — | $1.1B | $1.9B |
| Shareholders' equity | $11.7B | $10.8B | $10.3B |
| Margins | |||
| Operating margin | 27.8% | 26.1% | 19.0% |
| EBITDA margin | 41.1% | 40.1% | 34.1% |
| Net margin | 20.7% | 19.3% | 13.9% |
| FCF margin | 31.9% | 30.5% | 27.7% |
| Returns | |||
| Return on capital | — | — | 8.7% |
| Return on capital employed | — | — | 11.0% |
| Return on equity | — | — | 8.8% |
| Return on assets | — | — | 7.6% |
| Growth | |||
| Revenue growth | — | −5.1% | −5.3% |
| Net income growth | — | −11.4% | −31.8% |
| FCF growth | — | −9.1% | −14.0% |
| Financial health | |||
| Net debt / EBITDA | — | 0.0x | 0.4x |
| Debt / equity | — | 0.0x | 0.1x |
| Interest coverage | — | — | 97.9x |
| Current ratio | — | 2.2x | 4.0x |
| Quick ratio | — | 2.2x | 4.0x |
| Capital allocation | |||
| Capex / revenue | 0.8% | 0.8% | 2.5% |
| Stock comp / revenue | 0.2% | 0.2% | 0.4% |
| Payouts / FCF | 0.0% | 0.0% | 0.0% |
| Quality scores | |||
| Accruals ratio | — | — | −9.0% |
Source: SEC EDGAR XBRL filings (CIK 0002067876). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.