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Gray Media, Inc. logo

Gray Media, Inc.

GTN

NYSECommunication ServicesBroadcasting

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Previous close

$4.94

+$0.03 · +0.61%

Aug 21, 4:00 PM ET

GTN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

70

Undervalued

Momentum

23

Weakening

Sentiment

74

Bullish

Risk resilience

40

Elevated Risk

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AI-generated, informational only, and not investment advice.

Company profile

Industry
Broadcasting
Sector
Communication Services
Headquarters
US

Market position

Day range

Current $4.94

52-week range

Current $4.94

Open
$4.955
Previous close
$4.91
Volume
937.72K
Market cap
482.45M USD
50-day average
$4.198
+17.68% above average
200-day average
$4.6313
+6.67% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.91B USD
EV / EBITDA
9.89×
Earnings yield
-18.11%
Free cash flow yield
38.55%

Profitability & efficiency

Return on equity
-3.03%
Return on assets
-0.81%
Return on invested capital
2.97%

Financial health

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
Gross, operating, and net margin trends107%67%27%-13%Gross margin, FY2021: 33.28%Gross margin, FY2022: 38.85%Gross margin, FY2023: 27.37%Gross margin, FY2024: 34.14%Gross margin, FY2025: 96.64%Operating margin, FY2021: 15.79%Operating margin, FY2022: 26.93%Operating margin, FY2023: 11.67%Operating margin, FY2024: 23.35%Operating margin, FY2025: 12.67%Net margin, FY2021: 3.73%Net margin, FY2022: 12.38%Net margin, FY2023: -2.32%Net margin, FY2024: 10.29%Net margin, FY2025: -2.75%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 33.28%. Gross margin FY2022 38.85%. Gross margin FY2023 27.37%. Gross margin FY2024 34.14%. Gross margin FY2025 96.64%. Operating margin FY2021 15.79%. Operating margin FY2022 26.93%. Operating margin FY2023 11.67%. Operating margin FY2024 23.35%. Operating margin FY2025 12.67%. Net margin FY2021 3.73%. Net margin FY2022 12.38%. Net margin FY2023 -2.32%. Net margin FY2024 10.29%. Net margin FY2025 -2.75%.

Income trends

Revenue

3.1B USD-15.07%

Operating income

392M USD-53.94%

Net income

−85M USD−460M USD
Income trends across reported periods4.05B USD2.55B USD1.04B USD−461.1M USDRevenue, FY2021: 2.41B USDRevenue, FY2022: 3.68B USDRevenue, FY2023: 3.28B USDRevenue, FY2024: 3.64B USDRevenue, FY2025: 3.1B USDOperating income, FY2021: 381M USDOperating income, FY2022: 990M USDOperating income, FY2023: 383M USDOperating income, FY2024: 851M USDOperating income, FY2025: 392M USDNet income, FY2021: 90M USDNet income, FY2022: 455M USDNet income, FY2023: −76M USDNet income, FY2024: 375M USDNet income, FY2025: −85M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.41B USD. Revenue FY2022 3.68B USD. Revenue FY2023 3.28B USD. Revenue FY2024 3.64B USD. Revenue FY2025 3.1B USD. Operating income FY2021 381M USD. Operating income FY2022 990M USD. Operating income FY2023 383M USD. Operating income FY2024 851M USD. Operating income FY2025 392M USD. Net income FY2021 90M USD. Net income FY2022 455M USD. Net income FY2023 −76M USD. Net income FY2024 375M USD. Net income FY2025 −85M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue3.1B USD3.64B USD3.28B USD3.68B USD2.41B USD
Cost of goods sold104M USD2.4B USD2.38B USD2.25B USD1.61B USD
Gross profit2.99B USD1.24B USD898M USD1.43B USD803M USD
Selling, general, and administrative—104M USD112M USD102M USD88M USD
Operating expenses2.6B USD393M USD515M USD438M USD422M USD
Interest expense474M USD485M USD440M USD354M USD205M USD
Depreciation and amortization237M USD269M USD339M USD336M USD221M USD
Operating income392M USD851M USD383M USD990M USD381M USD
Net income−85M USD375M USD−76M USD455M USD90M USD

Company facts updated Aug 24, 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
Quarterly EPS actual values compared with estimates1.770.88-0-0.89Q1 '25MetQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 1.59, estimate 1.59, surprise 0.00%, Met estimate. Q2 2025, reported May 8, 2025: actual -0.23, estimate -0.49, surprise +53.06%, Beat. Q3 2025, reported Aug 8, 2025: actual -0.71, estimate -0.335, surprise -111.94%, Miss. Q4 2025, reported Nov 7, 2025: actual -0.24, estimate -0.41, surprise +41.46%, Beat. Q1 2026, reported Feb 26, 2026: actual -0.22, estimate -0.28, surprise +21.43%, Beat. Q2 2026, reported May 7, 2026: actual -0.34, estimate -0.32, surprise -6.25%, Miss. Q3 2026, reported Aug 7, 2026: actual 0.21, estimate -0.1, surprise +310.00%, Beat. Q4 2026, reported Nov 6, 2026: actual —, estimate 0.81, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.09B960.27M833.73M707.2MQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 27, 2025: actual 1.05B USD, estimate 797.86M USD, surprise +30.98%, Beat. Q2 2025, reported May 8, 2025: actual 782M USD, estimate 789.7M USD, surprise -0.98%, Miss. Q3 2025, reported Aug 8, 2025: actual 772M USD, estimate 769.98M USD, surprise +0.26%, Beat. Q4 2025, reported Nov 7, 2025: actual 749M USD, estimate 799.28M USD, surprise -6.29%, Miss. Q1 2026, reported Feb 26, 2026: actual 792M USD, estimate 780M USD, surprise +1.54%, Beat. Q2 2026, reported May 7, 2026: actual 768M USD, estimate 768.05M USD, surprise -0.01%, Miss. Q3 2026, reported Aug 7, 2026: actual 839M USD, estimate 795.13M USD, surprise +5.52%, Beat. Q4 2026, reported Nov 6, 2026: actual —, estimate 936.5M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

9 ratings
Strong buy00%
Buy778%
Hold222%
Sell00%
Strong sell00%

Recent analyst actions

4 institutions

GTN news

globenewswire.com

Gray Announces Closing of Offering of $750 Million of 7.500% Senior Secured First Lien Notes due 2034

ATLANTA, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today that it has completed its previously announced offering of $750 million aggregate principal amount of 7.500% senior secured…

Read source
globenewswire.com

Atlanta Braves Games to Air in Spanish on Gray Media's Telemundo Affiliate Stations Across the Southeast

ATLANTA, Aug.

Read source
globenewswire.com

Gray Announces Pricing of $750 Million of 7.500% Senior Secured First Lien Notes due 2034

ATLANTA, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray”) (NYSE: GTN) announced today the pricing of its previously announced private offering of $750 million aggregate principal amount of 7.500% senior…

Read source
globenewswire.com

RTDNA Awards More National Edward R. Murrow Awards to Gray Media than Any Other Media Organization

ATLANTA, Aug. 17, 2026 (GLOBE NEWSWIRE) -- The Radio Television Digital News Association (RTDNA) awarded nine National Edward R. Murrow Awards for excellence in journalism to eight Gray Media stations and Gray's national…

Read source
globenewswire.com

Gray Announces Private Offering of Senior Secured First Lien Notes

ATLANTA, Aug. 17, 2026 (GLOBE NEWSWIRE) -- Gray Media, Inc. (“Gray,” “we,” “us” or “our”) (NYSE: GTN) announced today that it intends to offer up to $750 million aggregate principal amount of senior secured first lien…

Read source
zacks.com

How Much Upside is Left in Gray Media (GTN)? Wall Street Analysts Think 51.09%

The mean of analysts' price targets for Gray Media (GTN) points to a 51.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising…

Read source

Corporate actions

Corporate action history

Stock split

Effective Oct 1, 1998

3:2

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ETFs holding GTN

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
11.38M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
10.67M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Schwab Fundamental U.S. Small Company Index ETF logoSchwab Fundamental U.S. Small Company Index ETFFNDA
Market value
9.11M
Weight
0.10%
AUM
9.26B USD
Expense ratio
0.25%
Price / 1D
$37.73+0.75%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
4.09M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
4.02M
Weight
0.03%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Dimensional - US Small Cap Value ETF logoDimensional - US Small Cap Value ETFDFSV
Market value
2.64M
Weight
0.03%
AUM
8.42B USD
Expense ratio
0.30%
Price / 1D
$40.29+0.72%
First Trust Dow Jones Select MicroCap Index Fund logoFirst Trust Dow Jones Select MicroCap Index FundFDM
Market value
2.21M
Weight
0.52%
AUM
423.22M USD
Expense ratio
0.65%
Price / 1D
$92.96+0.50%
WisdomTree U.S. SmallCap Dividend Fund logoWisdomTree U.S. SmallCap Dividend FundDES
Market value
2.12M
Weight
0.10%
AUM
2.24B USD
Expense ratio
0.38%
Price / 1D
$40.83+0.39%

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