Gray Media, Inc. (GTN) stock price, financials & research

Regular session · ET · Market data may be delayed.

GoAI snapshot

Jul 10, 2026

50/ 100

GoAI Score

Hold

Valuation

70

Undervalued

Sentiment

74

Bullish

Risk

60

Elevated Risk

Momentum

23

Weakening

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Thesis, catalysts, evidence, and risk analysis.

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Company profile

Company website

Gray Media, Inc. is a leading television broadcasting entity that manages an extensive portfolio of TV stations and digital assets throughout the United States, reaching 113 distinct television markets. In addition to its primary channels, the company transmits a diverse range of secondary digital networks, including affiliations with major broadcasters like ABC, CBS, NBC, and FOX. Its specialized digital offerings also encompass networks such as CW Plus, MY Network, MeTV, Justice, This TV, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network. The company further provides localized news and weather channels and offers video program production services. Founded in 1891, Gray Media, Inc. is based in Atlanta, Georgia, and was formerly known as Gray Communications Systems, Inc. before being rebranded as Gray Television, Inc. in August 2002.

Industry: Broadcasting
Sector: Communication Services
Headquarters: US
CEO: Hilton Hatchett Howell Jr.
Listed since: Aug 30, 2002
Employees: 9,374

Market position

Day range

Current $4.77

$4.55$4.78

52-week range

Current $4.77

$3.55$6.44

Open: $4.61
Previous close: $4.65
Volume: 780.64K; 0.65× average
Average volume: 1.2M; Average daily volume
Market cap: 465.85M USD
Beta: 1.03; Market reference 1
50-day average: $4.7054; +1.37% above average
200-day average: $4.6111; +3.45% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value: 5.91B USD
P/E (TTM): -10.15×
P/B (TTM): 0.17×
P/S (TTM): 0.15×
EV / EBITDA: 9.89×
Earnings yield: -18.11%
Free cash flow yield: 38.55%
Dividend yield: 6.71%

Profitability & efficiency

Gross margin: 94.82%
Operating margin: 13.82%
Net margin: -0.83%
Return on equity: -3.03%
Return on assets: -0.81%
Return on invested capital: 2.97%

Financial health

Debt / equity: 2.16×
Current ratio: 1.27×
Altman Z-score: 0.55
Piotroski F-score: 4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin

Income trends

Revenue

3.1B USD-15.07%

Operating income

392M USD-53.94%

Net income

−85M USD−460M USD

Financial statements: Income statement
Metric (USD)	FY2025	FY2024	FY2023	FY2022	FY2021
Revenue	3.1B USD	3.64B USD	3.28B USD	3.68B USD	2.41B USD
Cost of goods sold	104M USD	2.4B USD	2.38B USD	2.25B USD	1.61B USD
Gross profit	2.99B USD	1.24B USD	898M USD	1.43B USD	803M USD
Selling, general, and administrative	—	104M USD	112M USD	102M USD	88M USD
Operating expenses	2.6B USD	393M USD	515M USD	438M USD	422M USD
Interest expense	474M USD	485M USD	440M USD	354M USD	205M USD
Depreciation and amortization	237M USD	269M USD	376M USD	384M USD	259M USD
Operating income	392M USD	851M USD	383M USD	990M USD	381M USD
Net income	−85M USD	375M USD	−76M USD	455M USD	90M USD

Company facts updated Oct 8, 2026.

Earnings

EPS beat rate: 45%; 5 beats, 5 misses, 1 met estimate
Average EPS surprise: +56.99%; 11 comparable reports
Latest EPS result: 0.21; Estimate -0.1 · Beat by 310.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate

Latest fiscal-year EPS: -0.88; FY2025 · -126.19% year over year
Latest fiscal-year revenue: 3.1B USD; FY2025 · -15.07% year over year
Next fiscal-year EPS consensus: 2.3; FY2026 · 2 analysts
Next fiscal-year revenue consensus: 3.63B USD; FY2026 · 2 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$7.00

46.75% upside

Past 12 months12-month forecastHigh $7.00Average $7.00Low $7.00

Rating distribution

9 ratings

Strong buy00%

Buy778%

Hold222%

Sell00%

Strong sell00%

Recent analyst actions

4 institutions

GTN news

zacks.comOct 8, 2026

Best Income Stocks to Buy for October 8th

INSW, GTN, SM made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 8th, 2026.

Read source

seekingalpha.comOct 7, 2026

Gray Media: 6.9% Yield Is Not Enough

Gray Media rated Hold; political ad revenue upside appears fully priced in, limiting near-term catalysts. Core advertising revenue declined in 2Q26, and post-election, growth drivers are limited aside from the 6.9%…

Read source

zacks.comOct 7, 2026

Why the Market Dipped But Gray Media (GTN) Gained Today

In the most recent trading session, Gray Media (GTN) closed at $4.77, indicating a +2.58% shift from the previous trading day.

Read source

zacks.comOct 6, 2026

Wall Street Analysts Think Gray Media (GTN) Is a Good Investment: Is It?

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side)…

Read source

defenseworld.netOct 3, 2026

Head-To-Head Comparison: PubMatic (NASDAQ:PUBM) & Gray Media (NYSE:GTN)

Gray Media (NYSE: GTN - Get Free Report) and PubMatic (NASDAQ: PUBM - Get Free Report) are both small-cap communication services companies, but which is the superior business? We will compare the two companies based on…

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globenewswire.comOct 2, 2026

Gray Sets Date for Third Quarter Earnings Release and Earnings Conference Call

ATLANTA, Oct. 02, 2026 (GLOBE NEWSWIRE) -- Gray Media, Inc. (NYSE: GTN) today announced that it will release its earnings results for the quarter ending September 30, 2026, on Friday, November 6, 2026.

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Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.32

2025 complete year0.0% since 2021

2026 partial: $0.24

$0.32

2,021

$0.32

2,022

$0.32

2,023

$0.32

2,024

$0.32

2,025

$0.24

2,026*

* Partial calendar year in the available dividend history.

Corporate action history

Action	Ex-dividend date	Details	Record date	Payment date
Dividend	Sep 15, 2026	$0.08Quarterly	Sep 15, 2026	Sep 30, 2026
Dividend	Jun 15, 2026	$0.08Quarterly	Jun 15, 2026	Jun 30, 2026
Dividend	Mar 13, 2026	$0.08Quarterly	Mar 13, 2026	Mar 31, 2026
Dividend	Dec 15, 2025	$0.08Quarterly	Dec 15, 2025	Dec 31, 2025
Dividend	Sep 15, 2025	$0.08Quarterly	Sep 15, 2025	Sep 30, 2025
Dividend	Jun 13, 2025	$0.08Quarterly	Jun 13, 2025	Jun 30, 2025