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NMAX NYSE

Newsmax, Inc.
1W: +6.7% 1M: -20.1% 3M: +31.3% YTD: -6.3% 1Y: -67.9%
$7.56
+0.18 (+2.44%)
 
Weekly Expected Move ±21.4%
$4 $6 $7 $9 $10
NYSE · Communication Services · Broadcasting · Alpha Radar Buy · Power 51 · $679.6M mcap · 31M float · 5.14% daily turnover · Short 60% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE
52.4 / 100
NoneWeakNarrowWide
Primary source: Switching Costs  ·  ROIC: -0.0%
Cost Advantage
37
Intangibles
47
Switching Cost
79
Network Effect
50
Scale
40
The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. NMAX shows a Weak competitive edge (52.4/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Switching Costs. Negative ROIC of -0.0% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+
May 22, 2026
DCF
1
ROE
1
ROA
1
D/E
3
P/E
1
P/B
5
The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. NMAX receives an overall rating of C+. Strongest factors: P/B (5/5). Areas of concern: DCF (1/5), ROE (1/5), ROA (1/5), P/E (1/5).
Rating Change History
DateFromTo
2026-05-18 C- C+
2026-05-14 C C-
2026-05-14 C+ C
2026-04-24 C C+
2026-04-01 C+ C
2026-03-30 C- C+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

27 Grade D
Profitability
11
Balance Sheet
0
Earnings Quality
65
Growth
52
Value
59
Momentum
50
Safety
15
Cash Flow
30
The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. NMAX scores highest in Earnings Quality (65/100) and lowest in Balance Sheet (0/100). A grade of D flags significant fundamental concerns across multiple dimensions.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score
0.57
Distress Zone
Piotroski F-Score
4/9
Beneish M-Score
-1.69
Possible Manipulator
Ohlson O-Score
-11.45
Bankruptcy prob: 0.0%
Low Risk
Credit Rating
BB-
Score: 38.9/100
Trend: Improving
Earnings Quality
OCF/NI: 0.85x
Accruals: -0.0%
The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. NMAX scores 0.57, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. NMAX scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. NMAX's score of -1.69 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. NMAX's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. NMAX receives an estimated rating of BB- (score: 38.9/100), with a improving trend.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E
-11.34x
PEG
-0.14x
P/S
3.42x
P/B
0.00x
P/FCF
-9.04x
P/OCF
EV/EBITDA
137675.94x
EV/Revenue
-56628.94x
EV/EBIT
127736.85x
EV/FCF
149305.55x
Earnings Yield
-12.59%
FCF Yield
-11.06%
Shareholder Yield
0.09%
Graham Number
Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. NMAX currently has negative earnings — the P/E ratio is not meaningful.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden
1.000
NI / EBT
×
Interest Burden
0.974
EBT / EBIT
×
EBIT Margin
-0.443
EBIT / Rev
×
Asset Turnover
0.000
Rev / Assets
×
Equity Multiplier
2.262
Assets / Equity
=
ROE
-0.0%
The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. NMAX's ROE of -0.0% is driven by Asset Turnover (0.000), indicating efficient use of assets to generate revenue. A tax burden ratio of 1.00 indicates minimal tax leakage — the company retains over 90% of pre-tax earnings.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate
0.00%
Fair P/E
8.50x
Intrinsic Value
Price/Value
Margin of Safety
Premium
Assessment
Overvalued

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 289 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price
$7.55
Median 1Y
$0.14
5th Pctile
$0.01
95th Pctile
$3.91
Ann. Volatility
193.7%
25th–75th percentile 5th–95th percentile Median path Historical

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

ExecutiveSalaryStockTotal
Darryle Burnham Financial
ancial Officer
$358,250 $— $1,076,825
Christopher Ruddy
Chief Executive Officer
$400,750 $— $894,101
Andrew Brown Operating
rating Officer
$182,692 $— $283,878

CEO Pay Ratio

2:1
CEO-to-Employee Pay Ratio
CEO Total Comp: $894,101
Avg Employee Cost (SGA/emp): $589,125
Employees: 500

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees
500
+25.0% YoY
Revenue / Employee
$378,600
Rev: $189,300,000
Profit / Employee
$-198,990
NI: $-99,495,119
SGA / Employee
$589,125
Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
ROE 1.9% 10.2% 10.6% -0.0% -0.0% -0.00%
ROA -11.8% -63.3% -66.1% -0.0% -0.0% -0.00%
ROIC -0.2% -1.7% -1.9% -0.0% -0.0% -0.00%
ROCE -73.5% -3.9% -4.1% -0.0% -0.0% -0.00%
Gross Margin 47.8% 38.0% 33.7% 40.9% 37.5% 37.48%
Operating Margin -25.5% -1.6% -15.9% -9.0% -8.7% -8.65%
Net Margin -38.0% -1.6% -9.1% -5.7% -4.2% -4.24%
EBITDA Margin -34.7% -1.6% -5.6% -2.5% -5.7% -5.70%
FCF Margin -34.9% -43.2% -50.3% -35.5% -37.9% -37.93%
OCF Margin -34.7% -42.5% -49.0% -34.1% -36.5% -36.49%
ROIC Economic snapshot only -0.00%
Cash ROA snapshot only -0.00%
Cash ROIC snapshot only -0.00%
CROIC snapshot only -0.00%
NOPAT Margin snapshot only -37.46%
Pretax Margin snapshot only -43.18%
R&D / Revenue snapshot only 0.00%
SGA / Revenue snapshot only 84.36%
SBC / Revenue snapshot only 1.75%
Valuation
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
P/E Ratio -217.57 -21.01 -16.51 -10.03 -7.94 -11.335
P/S Ratio 82.76 21.16 11.63 5.27 3.43 3.423
P/B Ratio -413.51 -214.15 -175.71 0.00 0.00 0.000
P/FCF -237.31 -48.99 -23.13 -14.87 -9.04 -9.040
P/OCF
EV/EBITDA -494.17 -66.69 -61.06 118808.12 137675.94 137675.945
EV/Revenue 171.48 64.98 40.96 -58529.29 -56628.94 -56628.944
EV/EBIT -451.09 -64.53 -58.20 111357.59 127736.85 127736.851
EV/FCF -491.71 -150.39 -81.50 165068.06 149305.55 149305.549
Earnings Yield -0.5% -4.8% -6.1% -10.0% -12.6% -12.59%
FCF Yield -0.4% -2.0% -4.3% -6.7% -11.1% -11.06%
Price/Tangible Book snapshot only 0.000
EV/Gross Profit snapshot only -150441.530
Shareholder Yield snapshot only 0.09%
Leverage & Solvency
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Current Ratio 0.96 0.96 0.96 2.40 2.40 2.405
Quick Ratio 0.95 0.95 0.95 2.38 2.38 2.380
Debt/Equity -452.38 -452.38 -452.38 0.09 0.09 0.088
Net Debt/Equity -0.10 -0.10 -0.104
Debt/Assets 28.08 28.08 28.08 0.04 0.04 0.039
Debt/EBITDA -260.91 -45.89 -44.63 -100339.64 -116271.06 -116271.057
Net Debt/EBITDA -255.67 -44.97 -43.73 118818.83 137684.28 137684.281
Interest Coverage -2844.17 -6837.39 -5084.58 -4293.69 -4322.58 -4322.578
Equity Multiplier -16.11 -16.11 -16.11 2.26 2.26 2.262
Cash Ratio snapshot only 0.251
Debt Service Coverage snapshot only -4010.523
Cash to Debt snapshot only 2.184
FCF to Debt snapshot only -0.000
Defensive Interval snapshot only 44824762.4 days
Efficiency & Turnover
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Asset Turnover 0.31 0.63 0.94 0.00 0.00 0.000
Inventory Turnover 13.18 29.25 45.98 0.00 0.00 0.000
Receivables Turnover 1.60 3.25 4.85 5.66 6.34 6.343
Payables Turnover 1.61 3.57 5.62 6.76 7.76 7.759
DSO 228 112 75 64 58 57.5 days
DIO 28 12 8 6529561 3032947 3032946.8 days
DPO 227 102 65 54 47 47.0 days
Cash Conversion Cycle 29 23 18 6529571 3032957 3032957.3 days
Fixed Asset Turnover snapshot only 0.000
Operating Cycle snapshot only 3033004.3 days
Cash Velocity snapshot only 0.000
Capital Intensity snapshot only 1226118.233
Growth (YoY)
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue 3.3% 3.32%
Net Income -3.9% -3.90%
EPS -71.2% -71.23%
FCF -3.7% -3.70%
EBITDA -4.1% -4.12%
Op. Income -7.0% -7.01%
OCF Growth snapshot only -3.54%
Asset Growth snapshot only 1641940.38%
Debt Growth snapshot only 2279.83%
Shares Change snapshot only 1.86%
Dividend Growth snapshot only 1.00%
Growth Quality
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Revenue Stability
Earnings Stability
Margin Stability
Rev. Growth Consistency 0.00 0.00 0.00 0.00 0.50 0.500
Earn. Growth Consistency 0.00 0.00 0.00 0.00 0.00 0.000
FCF Positive Streak 0 0 0 0 0 0
Earnings Persistence
Earnings Smoothness
ROE Trend
Gross Margin Trend
FCF Margin Trend
Sustainable Growth Rate
Internal Growth Rate
Cash Flow Quality
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
OCF/Net Income 0.91 0.42 0.69 0.65 0.85 0.845
FCF/OCF 1.00 1.02 1.03 1.04 1.04 1.040
FCF/Net Income snapshot only 0.879
CapEx/Revenue 0.2% 0.8% 1.3% 1.4% 1.4% 1.44%
CapEx/Depreciation snapshot only 0.450
Accruals Ratio -0.01 -0.37 -0.20 -0.00 -0.00 -0.000
Sloan Accruals snapshot only 0.952
Cash Flow Adequacy snapshot only -20.805
Dividends & Buybacks
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Dividend Yield 0.0% 0.0% 0.1% 0.1% 0.1% 0.00%
Dividend/Share $0.01 $0.01 $0.01 $0.01 $0.00 $0.00
Payout Ratio
FCF Payout Ratio
Total Payout Ratio
Div. Increase Streak 0 0 0 0 1 0
Chowder Number 1.00 1.002
Buyback Yield 0.0% 0.0% 0.0% 0.0% 0.0% 0.00%
Net Buyback Yield -2.0% -3.4% -4.2% -6.8% -1.0% -0.98%
Total Shareholder Return -2.0% -3.4% -4.2% -6.7% -0.9% -0.89%
DuPont Factors
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Tax Burden (NI/EBT) 1.00 1.00 1.00 1.00 1.00 1.000
Interest Burden (EBT/EBIT) 1.00 1.00 1.00 1.00 0.97 0.974
EBIT Margin -0.38 -1.01 -0.70 -0.53 -0.44 -0.443
Asset Turnover 0.31 0.63 0.94 0.00 0.00 0.000
Equity Multiplier -16.11 -16.11 -16.11 2.26 2.26 2.262
Per Share
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
EPS (Diluted TTM) $-0.38 $-0.72 $-0.75 $-0.77 $-0.66 $-0.66
Book Value/Share $-0.20 $-0.07 $-0.07 $821259.78 $825334.53 $832932.26
Tangible Book/Share $-0.20 $-0.07 $-0.07 $821259.78 $825334.53 $825334.53
Revenue/Share $1.01 $0.71 $1.07 $1.47 $1.52 $1.52
FCF/Share $-0.35 $-0.31 $-0.54 $-0.52 $-0.58 $-0.58
OCF/Share $-0.35 $-0.30 $-0.52 $-0.50 $-0.56 $-0.56
Cash/Share $1.83 $0.64 $0.64 $158237.13 $159022.24 $133851.24
EBITDA/Share $-0.35 $-0.70 $-0.72 $-0.72 $-0.63 $-0.63
Debt/Share $91.36 $31.96 $31.92 $72447.38 $72806.83 $72806.83
Net Debt/Share $89.52 $31.32 $31.28 $-85789.75 $-86215.40 $-86215.40
Academic Models
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Altman Z-Score 0.571
Altman Z-Prime snapshot only 3.123
Piotroski F-Score 2 2 2 2 4 4
Beneish M-Score -1.69 -1.689
Ohlson O-Score snapshot only -11.452
ROIC (Greenblatt) snapshot only -0.00%
Net-Net WC snapshot only $479924.62
EVA snapshot only $-9497132973189.67
Credit
Metric Trend Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Current
Credit Rating snapshot only BB-
Credit Score 20.00 20.00 20.00 39.29 38.93 38.932
Credit Grade snapshot only 13
Credit Trend snapshot only 18.932
Implied Spread (bps) snapshot only 550.000
Industry Credit Rank snapshot only 41
Sector Credit Rank snapshot only 31

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms