CluenexVersant VSNT
Versant scores average on business quality (5.2 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Versant does
Versant Media Group operates as a media company, selling advertising and distribution access to its cable and broadcast networks to viewers and brands.
- What it does best
Versant turns revenue into free cash flow with an 81st percentile sector rank, generating $1.7B in free cash flow despite contracting top-line sales. This cash conversion relies on disciplined capital allocation rather than massive scale.
- The main risk
Revenue contraction threatens the core network model, with annual sales sliding from $7.8B in 2022 to $6.6B as cord-cutting accelerates and advertisers pull back budgets from linear TV bundles.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin stands at 17.8% with an FCF margin of 25.9%, reflecting stable core profitability despite declining sales. The business maintains efficient conversion as it scales down.графі
The moat rests on legacy distribution carriage agreements locking in pay-TV households, placing gross margin at the 58th sector percentile. Rivals cannot easily replicate these carriage bundles within years due to entrenched network contracts.
Revenue is shrinking at a 5.3% rate, worsening from previous years as annual sales dropped from $7.1B to $6.6B. The top-line engine is fading across its portfolio without a clear growth offset in sight.
Debt-to-equity sits at 0.1, backed by interest coverage of 10x, leaving debt costs manageable. Free cash flow reached $1.7B while funding $3.2B in buybacks, though cash stands at $55M. Balance-sheet reality is solid.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on VSNT
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Versant scores average on the Cluenex quality check (5.2 of 10), measured against its own industry. Profitability is fair, moat fair, growth slow and financial health strong.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 3, 2026.
See VSNT today
- Today's verdict on VSNT, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Versant (VSNT)”, https://cluenex.com/stocks/vsnt/, data as of Oct 10, 2026.