Companies / GTN Gray Media, Inc (GTN)
Gray Media, Inc., a multimedia company, owns and/or operates local television stations and digital assets in the United States. The company operates through Broadcasting, Production Companies, and Other segments. It also owns Gray Digital Media, a digital agency that provides clients with digital marketing strategies; and operates video production companies and studio production facilities. The company was formerly known as Gray Television, Inc. and changed its name to Gray Media, Inc. in July 2002. Gray Media, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
Ticker GTN Exchange NYSE Sector Communication Services Industry Broadcasting Market cap $506.68M 52-week range $3.55 - $6.44 Valuation Share price $4.92 (close of Nov 6, 2026) P/E (TTM) 15.87x Price to book 0.23x Price to free cash flow 1.98x Enterprise value $6.20B Book value per share $21.26 Price performance Period Change 1 day +0.82% 5 days +9.58% 1 month +5.81% 3 months +14.95% 6 months -11.03% Year to date +1.65% 1 year +6.96% 3 years -34.83% 5 years -78.92% 10 years -39.26% All time -58.13%
Short interest As of Oct 15, 2026 Short % of float 5.13% Shares short 4.27M Days to cover 4.43 Change since prior report +4.42% Source FINRA consolidated short interest Profitability and growth Return on equity -3.94% Return on invested capital 4.92% Return on assets -0.81% Return on capital employed 3.95% Net margin -2.75% EBITDA margin 20.32% Revenue growth -15.07% Net income growth -122.67% Free cash flow growth -70.23% Cash flow and balance sheet Free cash flow yield (TTM) 50.52% Current ratio 0.92x Net debt to EBITDA 6.84x Latest reported year Period end Dec 31, 2025 Fiscal year 2025 Revenue $3.10B EBITDA $629.00M Net income -$85.00M Earnings per share $-1.41 Shares outstanding 97.00M Income statement by year Period end Revenue Gross profit Net income EPS 2025-12-31 $3.10B - -$85.00M -$1.41 2024-12-31 $3.64B - $375.00M $3.40 2023-12-31 $3.28B - -$76.00M -$1.39 2022-12-31 $3.68B - $455.00M $4.38 2021-12-31 $2.41B $540.00M $90.00M $0.40 2020-12-31 $2.38B $817.00M $410.00M $3.73 2019-12-31 $2.12B $582.00M $179.00M $1.28 2018-12-31 $1.08B $430.00M $211.00M $2.39 2017-12-31 $883.00M $322.00M $262.00M $3.59 2016-12-31 $812.47M $274.62M $62.27M $0.87
Margins and returns by year Period end Gross margin Net margin Return on equity Return on capital 2025-12-31 - -2.75% -3.94% 4.92% 2024-12-31 - 10.29% 16.43% 9.20% 2023-12-31 - -2.32% -3.86% 4.66% 2022-12-31 - 12.38% 21.50% 9.61% 2021-12-31 22.38% 3.73% 5.12% 3.53% 2020-12-31 34.31% 17.22% 23.39% 10.68% 2019-12-31 27.43% 8.44% 12.23% 7.71% 2018-12-31 39.67% 19.46% 17.78% 8.35% 2017-12-31 36.47% 29.67% 26.36% 10.24% 2016-12-31 33.80% 7.66% 12.63% 8.48%
Cash and debt by year Period end Cash Debt 2025-12-31 $368.00M $5.74B 2024-12-31 $135.00M $5.60B 2023-12-31 $21.00M $6.14B 2022-12-31 $61.00M $6.44B 2021-12-31 $189.00M $6.74B 2020-12-31 $773.00M $3.97B 2019-12-31 $212.00M $3.70B 2018-12-31 $667.00M $2.55B 2017-12-31 $462.40M $1.83B 2016-12-31 $325.19M $1.76B
Free cash flow by year Period end Free cash flow Stock-based compensation 2025-12-31 $181.00M $22.00M 2024-12-31 $608.00M $22.00M 2023-12-31 $300.00M $20.00M 2022-12-31 $393.00M $22.00M 2021-12-31 $93.00M $14.00M 2020-12-31 $542.00M $16.00M 2019-12-31 $275.00M $16.00M 2018-12-31 $253.00M $7.00M 2017-12-31 $145.00M $9.00M 2016-12-31 $166.48M $5.10M
Dividend history Most recent payment Sep 15, 2026 Paid in the last twelve months $0.32 Payment date Dividend per share 2026-09-15 $0.08 2026-06-15 $0.08 2026-03-13 $0.08 2025-12-15 $0.08 2025-09-15 $0.08 2025-06-13 $0.08 2025-03-14 $0.08 2024-12-13 $0.08
Investor relations Past earnings dates Reported Fiscal period EPS estimate 2026-11-06 Sep 2026 $0.84 2026-08-07 Jun 2026 -$0.08 2026-05-07 Mar 2026 -$0.32 2026-02-26 Dec 2025 -$0.28 2025-11-07 Sep 2025 -$0.41 2025-08-08 Jun 2025 -$0.23 2025-05-08 Mar 2025 -$0.49 2025-02-27 Dec 2024 $1.59
Filings and sources Company website graymedia.com SEC filings 10-K, 10-Q and 8-K on EDGAR Earnings calendar All upcoming reports Similar companies Verizon Communications Inc (VZ) · T-Mobile US, Inc. (TMUS) · AT&T Inc. (T) · Comcast Corp (CMCSA) · Charter Communications, Inc. (CHTR) · Netflix Inc (NFLX) · Walt Disney Co (DIS) · Live Nation Entertainment, Inc. (LYV)
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