Saga Communications Inc. (SGA) Financial Analysis and Rating

Comparison Analysis Based on SEC Data

Company Name Saga Communications Inc.
Industry (SIC) 4832 - Radio Broadcasting Stations
Revenue in 2025 $107,112 thousand
Assets as of 12/31/2025 $201,322 thousand
Market Cap $58,176 thousand (Sep 14, 2026)
Analyzed report 12/31/2023 (filed 3/15/2024)

Year:
20232024

Financial Position and Performance
Annual | Quarterly

Compared with 2023 industry ratios Change during the year

much better
improved
Compared with all listed companies

much better

Compare with a competitor

Financial Ratios Benchmarking

Financial Ratio Comparison of company ratios for 2023
with industry ratios
(48 - Communications) 		with all listed companies
Solvency Ratios
Debt ratio 
0.27
0.68
0.27
0.61
Debt-to-equity ratio 
0.36
1.89
0.36
1.32
Interest coverage ratio 
75.42
-0.57
75.42
1.62
Liquidity Ratios
Current Ratio 
2.16
1.33
2.16
1.72
Quick Ratio 
2.05
0.96
2.05
1.04
Cash Ratio 
1.43
0.32
1.43
0.53
Profitability Ratios
Profit margin 
8.4%
-2.1%
8.4%
2%
ROE (Return on equity), after tax 
5.4%
-3.2%
5.4%
4%
ROA (Return on assets) 
4%
-1.3%
4%
0.6%
Activity Ratios
Asset turnover (days) 
765
916
765
786
Receivables turnover (days) 
56
56
56
49
Resulting score +1,6 +1,2

Year:
20232024

Additional Ratios (not used in score calculation)

Financial Ratio Comparison of company ratios for 2023
with industry ratios
(48 - Communications) 		with all listed companies
Profitability Ratios
Operating margin (Return on sales) 
11.6%
-0.8%
11.6%
6.6%
Activity Ratios
EBIT  $13M
EBITDA  $18M
Price Ratios
Earnings per Share (basic)  $1.55
Earnings per Share (diluted)  $1.55

Auditor's Conclusion

We have performed a comparative analysis of the balance sheet and income statement of Saga Communications Inc. (hereafter – the "Company") for the year 2023 as filed with the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Radio Broadcasting Stations" (SIC code 4832). In our analysis, we compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the Company's specific industry sector and for all companies. The averages were calculated using data from 2023 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By