GRAY MEDIA, INC
GRAY MEDIA, INC
Insider Sentiment (TTM):
Last Purchase:2025-06-05Last Sale:2026-05-19Shares Purchased (TTM):0Shares Sold (TTM):77,000
Institutional Sentiment:
As of:2026-03-31Institutional Shares Owned:76,753,039Shares Outstanding:97,000,000Institutional Ownership Pct.:79.13%
Earnings Market Reaction:
Filing Date:2026-08-07Price on Filing Date:N/APrevious Close:N/A% Change:N/A
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets Current | 492 | 523 | 656 | 485 | 478 | 483 | 541 | 576 | 538 | 601 | 468 | 495 | |||||
Cash And Cash Equivalents At Carrying Value | 176 | 259 | 368 | 182 | 199 | 210 | 135 | 69 | 75 | 134 | 21 | 21 | |||||
Accounts Receivable Net Current | 193 | 178 | 205 | 204 | 216 | 198 | 337 | 358 | 344 | 362 | 342 | 339 | |||||
Income Taxes Receivable | 1 | 1 | 6 | 6 | 6 | 6 | 6 | 6 | 0 | 21 | 21 | 21 | |||||
Prepaid Taxes | 83 | 43 | 35 | 40 | 25 | 24 | 25 | 67 | 65 | 14 | 18 | 34 | |||||
Prepaid Expense And Other Assets Current | 34 | 31 | 25 | 28 | 27 | 34 | 21 | 51 | 49 | 58 | 48 | 53 | |||||
Property Plant And Equipment Net | 1,522 | 1,504 | 1,509 | 1,532 | 1,542 | 1,552 | 1,577 | 1,583 | 1,582 | 1,590 | 1,601 | 1,610 | |||||
Operating Lease Right Of Use Asset | 76 | 64 | 66 | 68 | 70 | 70 | 69 | 69 | 70 | 71 | 75 | 77 | |||||
Indefinite Lived License Agreements | 5,463 | 5,368 | 5,309 | 5,310 | 5,310 | 5,312 | 5,311 | 5,311 | 5,320 | 5,320 | 5,320 | 5,320 | |||||
Goodwill | 2,693 | 2,651 | 2,642 | 2,642 | 2,642 | 2,642 | 2,642 | 2,642 | 2,643 | 2,643 | 2,643 | 2,643 | |||||
Finite Lived Intangible Assets Net | 109 | 128 | 157 | 180 | 203 | 261 | 290 | 321 | 352 | 384 | 415 | 462 | |||||
Equity Securities Without Readily Determinable Fai… | 32 | 32 | 37 | 56 | 58 | 72 | 66 | 86 | 86 | 86 | 85 | 101 | |||||
Deferred Compensation Plan Assets | 21 | 21 | 21 | 21 | 20 | 20 | 19 | 20 | 19 | 18 | 17 | 9 | |||||
Other Assets Noncurrent | 29 | 28 | 43 | 27 | 29 | 26 | 27 | 23 | 24 | 22 | 16 | 18 | |||||
Assets | 10,437 | 10,319 | 10,440 | 10,321 | 10,352 | 10,438 | 10,542 | 10,631 | 10,634 | 10,735 | 10,640 | 10,640 | |||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 143 | 130 | 144 | 18 | 82 | 72 | 154 | 17 | 32 | 36 | 23 | 26 | |||||
Employee Related Liabilities Current | 95 | 82 | 103 | 95 | 83 | 75 | 111 | 96 | 85 | 77 | 110 | 82 | |||||
Interest Payable Current | 150 | 103 | 151 | 103 | 95 | 97 | 112 | 120 | 49 | 93 | 63 | 92 | |||||
Accrued Liabilities Current | 73 | 60 | 47 | 110 | 121 | 109 | 53 | 63 | 49 | 50 | 57 | 44 | |||||
Accrued Income Taxes Current | 4 | 5 | 5 | 7 | 8 | 6 | 5 | 9 | 11 | 56 | 22 | 12 | |||||
Program Rights Obligations Current | 5 | 11 | 18 | 25 | 5 | 11 | 18 | 25 | 5 | 12 | 20 | 28 | |||||
Contract With Customer Liability Current | 22 | 21 | 20 | 28 | 27 | 21 | 29 | 50 | 23 | 22 | 23 | 51 | |||||
Dividends Payable Current | 14 | 15 | 16 | 16 | 15 | 15 | 15 | 15 | 15 | 14 | 14 | 14 | |||||
Operating Lease Liability Current | 11 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | |||||
Long Term Debt Current | 0 | 0 | 2 | 2 | 10 | 20 | 20 | 23 | 13 | 15 | 15 | 15 | |||||
Liabilities Current | 517 | 437 | 516 | 519 | 549 | 533 | 527 | 508 | 331 | 424 | 395 | 414 | |||||
Long Term Debt Noncurrent | 5,808 | 5,746 | 5,742 | 5,608 | 5,580 | 5,589 | 5,601 | 5,870 | 6,125 | 6,139 | 6,145 | 6,171 | |||||
Program Rights Obligations Noncurrent | 1,299 | 1,300 | 1,300 | 1,310 | 1,312 | 1,331 | 1,347 | 1 | 1 | 1 | 1 | 1 | |||||
Operating Lease Liability Noncurrent | 68 | 57 | 59 | 61 | 62 | 63 | 62 | 62 | 64 | 65 | 69 | 70 | |||||
Other Liabilities Noncurrent | 17 | 16 | 18 | 15 | 18 | 18 | 72 | 66 | 59 | 53 | 50 | 30 | |||||
Liabilities | 7,709 | 7,556 | 7,635 | 7,513 | 7,521 | 7,534 | 7,609 | 7,851 | 7,929 | 8,035 | 8,019 | 8,083 | |||||
Deferred Income Tax Liabilities Net | - | - | - | - | - | - | 1,347 | 1,344 | 1,349 | 1,353 | 1,359 | 1,397 | |||||
Temporary Equity Carrying Amount Attributable To P… | 600 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | |||||
Equity | |||||||||||||||||
Stockholders Equity | |||||||||||||||||
Retained Earnings Accumulated Deficit | 1,176 | 1,164 | 1,205 | 1,237 | 1,268 | 1,345 | 1,375 | 1,227 | 1,152 | 1,151 | 1,084 | 1,114 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -4 | -4 | -4 | -28 | -31 | -31 | -30 | -30 | -25 | -23 | -23 | -17 | |||||
Stockholders Equity Before Treasury Stock | 2,460 | 2,445 | 2,478 | 2,481 | 2,504 | 2,576 | 2,600 | 2,447 | 2,372 | 2,367 | 2,285 | 2,315 | |||||
Stockholders Equity | 2,128 | 2,113 | 2,155 | 2,158 | 2,181 | 2,254 | 2,283 | 2,130 | 2,055 | 2,050 | 1,971 | 2,002 | |||||
Liabilities And Stockholders Equity | 10,437 | 10,319 | 10,440 | 10,321 | 10,352 | 10,438 | 10,542 | 10,631 | 10,634 | 10,735 | 10,640 | 10,735 | |||||
Allowance For Doubtful Other Receivables Current | - | - | - | - | - | 14 | 15 | 15 | 16 | 16 | 17 | 31 | |||||
Temporary Equity Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Temporary Equity Shares Authorized | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Temporary Equity Shares Issued | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Temporary Equity Shares Outstanding | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Temporary Equity Liquidation Preference | 650 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | 650 | |||||
Common Stock Shares Authorized | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.28% | -12.24% | -8.54% | - | - | - | - | - | - | - | - | - |
| 2025 | -8.74% | 5.84% | 16.64% | 48.43% | 42.38% | 18.57% | 2.07% | 3.84% | -8.59% | -21.66% | 2.20% | -28.24% |
| 2024 | -6.87% | -21.17% | -1.77% | 13.59% | 20.36% | 25.35% | -0.23% | -28.20% | -11.03% | 30.24% | -12.48% | 5.87% |
| 2023 | - | - | - | - | - | - | 19.36% | 31.67% | 45.77% | -4.59% | -8.22% | 13.23% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.95 | 1.20 | 1.27 | 0.93 | 0.87 | 0.91 | 1.03 | 1.13 | 1.63 | 1.42 | 1.18 | 1.20 | |||||
| Quick Ratio | 0.89 | 1.13 | 1.22 | 0.88 | 0.82 | 0.84 | 0.99 | 1.03 | 1.48 | 1.28 | 1.06 | 1.07 | |||||
| Working Capital | -25.00M | 86.00M | 140.00M | -34.00M | -71.00M | -50.00M | 14.00M | 68.00M | 207.00M | 177.00M | 73.00M | 81.00M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 3.62 | 3.58 | 3.54 | 3.48 | 3.45 | 3.34 | 3.33 | 3.69 | 3.86 | 3.92 | 4.07 | 4.04 | |||||
| Interest Coverage TTM | 0.92 | 0.81 | 0.83 | 1.26 | 1.54 | 1.68 | 1.75 | 1.33 | 1.03 | 0.98 | 0.87 | 1.49 | |||||
| Debt Ratio | 0.74 | 0.73 | 0.73 | 0.73 | 0.73 | 0.72 | 0.72 | 0.74 | 0.75 | 0.75 | 0.75 | 0.76 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.30 | 0.30 | 0.30 | 0.32 | 0.34 | 0.34 | 0.34 | 0.33 | 0.31 | 0.31 | 0.30 | 0.32 | |||||
| Days Sales Outstanding TTM | 23.71 | 22.27 | 31.96 | 30.63 | 28.80 | 28.37 | 34.01 | 36.73 | 37.04 | 38.40 | 55.18 | 49.90 | |||||
| Receivables Turnover TTM | 15.39 | 16.39 | 11.42 | 11.91 | 12.68 | 12.87 | 10.73 | 9.94 | 9.85 | 9.51 | 6.61 | 7.31 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.00 | -0.86 | -0.88 | 0.30 | 1.39 | 2.35 | 3.36 | 1.49 | 0.09 | -0.09 | -1.39 | 0.72 | |||||
| Free Cash Flow Per Share TTM | 1.49 | 0.47 | 1.87 | 4.54 | 7.30 | 7.20 | 6.40 | 3.19 | 0.81 | 0.34 | 3.26 | 4.00 | |||||
| Dividend Per Share TTM | 0.36 | 0.35 | 0.34 | 0.25 | 0.25 | 0.33 | 0.34 | 0.34 | 0.34 | 0.33 | 0.33 | 0.31 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | - | 28.04% | 27.66% | 31.90% | 34.94% | 35.86% | 36.42% | 32.92% | 30.37% | 30.49% | 30.87% | 35.97% | |||||
| Operating Profit Margin TTM | 13.82% | 12.37% | 12.67% | 17.95% | 21.10% | 22.73% | 23.35% | 18.45% | 14.26% | 13.32% | 11.67% | 18.14% | |||||
| Net Profit Margin TTM | 0.00% | -2.69% | -2.75% | 0.87% | 3.80% | 6.27% | 8.86% | 4.19% | 0.27% | -0.27% | -3.90% | 1.92% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -11.30% | -14.49% | -15.07% | -3.32% | 7.03% | 9.08% | 11.06% | -0.75% | -7.76% | -9.51% | -10.75% | 4.93% | |||||
| Net Income Growth (1Y) | -100.00% | -136.73% | -126.32% | -80.00% | 1,400.00% | -2,611.11% | -352.34% | 116.42% | -95.54% | -103.03% | -131.76% | -74.13% | |||||
| EPS Growth (1Y) | -100.00% | -136.35% | -125.77% | -80.41% | 1,369.07% | -2,558.80% | -344.38% | 111.86% | -95.64% | -102.97% | -131.76% | -74.69% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | - | -4.97 | -5.32 | 18.35 | 3.05 | 1.68 | 0.83 | 3.09 | 47.51 | -56.26 | -5.42 | 8.00 | |||||
| P/B TTM | 0.18 | 0.20 | 0.21 | 0.25 | 0.19 | 0.17 | 0.12 | 0.21 | 0.21 | 0.25 | 0.35 | 0.27 | |||||
| P/S TTM | 0.12 | 0.13 | 0.15 | 0.16 | 0.12 | 0.11 | 0.07 | 0.13 | 0.13 | 0.15 | 0.21 | 0.15 | |||||
| Market Cap | 389.06M | 412.39M | 452.30M | 532.03M | 411.28M | 380.23M | 269.15M | 448.59M | 427.61M | 506.31M | 693.19M | 536.07M | |||||
| Enterprise Value | 6.02B | 5.90B | 5.83B | 5.96B | 5.80B | 5.78B | 5.76B | 6.27B | 6.49B | 6.53B | 6.83B | 6.70B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 146.00M | 46.00M | 181.00M | 440.00M | 708.00M | 691.00M | 608.00M | 303.00M | 77.00M | 32.00M | 300.00M | 372.00M | |||||
| Net Debt | 5.63B | 5.49B | 5.38B | 5.43B | 5.39B | 5.40B | 5.49B | 5.82B | 6.06B | 6.02B | 6.14B | 6.17B | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
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| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
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| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
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| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
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| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
2026-05-19Sale
Owner: Boger, Richard Lee
Title: -
Shares: 57,000
Price/Share: $7.15
Value: $407,550.00
Shares Owned: 4,591
Relationship: Director
Ownership: Direct
2025-09-09Sale
Owner: Boger, Richard Lee
Title: -
Shares: 20,000
Price/Share: $5.82
Value: $116,400.00
Shares Owned: 61,343
Relationship: Director
Ownership: Direct
2025-06-05Purchase
Owner: Gignac, Jeffrey R
Title: Executive Vice President, CFO
Shares: 12,500
Price/Share: $3.68
Value: $46,000.00
Shares Owned: 644,599
Relationship: Officer
Ownership: Direct
2025-02-28Sale
Owner: Boger, Richard Lee
Title: -
Shares: 16,000
Price/Share: $3.85
Value: $61,600.00
Shares Owned: 55,347
Relationship: Director
Ownership: Direct
2024-12-16Sale
Owner: Mctear, Paul
Title: -
Shares: 17,780
Price/Share: $3.77
Value: $67,030.60
Shares Owned: 95,360
Relationship: Director
Ownership: Direct
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Institutional Ownership
No data available for chart
2026-03-31
79.13%
Inst. Shares: 76,753,039
Shares Outstanding: 97,000,000
2025-12-31
81.69%
Inst. Shares: 79,242,630
Shares Outstanding: 97,000,000
2025-09-30
79.35%
Inst. Shares: 76,969,306
Shares Outstanding: 97,000,000
2025-06-30
71.52%
Inst. Shares: 69,372,559
Shares Outstanding: 97,000,000
2025-03-31
67.38%
Inst. Shares: 64,686,922
Shares Outstanding: 96,000,000
GRAY MEDIA, INC (GTN) — SEC Financial Statements & Analysis
GRAY MEDIA, INC (GTN) is a television broadcasting stations company, incorporated in GA. GRAY MEDIA, INC trades on NYSE as: GTN, GTN-A. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), GRAY MEDIA, INC reported a -11.30% year-over-year revenue growth, a Gross Profit Margin of 28.04% (TTM), a Debt-to-Equity ratio of 3.62x, a Price-to-Sales (P/S) ratio of 0.12x (TTM), a Price-to-Book (P/B) ratio of 0.18x (TTM), at a market cap of $389.06M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- -11.30%
- Gross Profit Margin TTM
- 28.04%
- Debt To Equity
- 3.62x
- P/S TTM
- 0.12x
- P/B TTM
- 0.18x
- Market Cap
- $389.06M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is GRAY MEDIA, INC in?
GRAY MEDIA, INC (GTN) operates in the Television Broadcasting Stations industry.
What is GTN's market cap?
GRAY MEDIA, INC (GTN) has a market capitalization of $389.06M as of 2026-06-30.
What exchange does GTN trade on?
GRAY MEDIA, INC (GTN) trades on the NYSE.
Where is GRAY MEDIA, INC incorporated?
GRAY MEDIA, INC is incorporated in GA.