GTN - NYSE

Gray Media, Inc.

GTN·NYSE

$3.85

-5.4%

Communication ServicesBroadcasting

Gray Media, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, the company offers video program production services. It owns and operates television stations and digital assets that serve 113 television markets in the United States. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$395.54M

EPS-0.8800

P/E Ratio-4.38

Earnings Date08/14/2026

10.44B

Assets

-1%

3Y-6.0%

5Y+37.0%

10Y+275.0%

7.63B

Total Liabilities

3Y-9.0%

5Y+46.0%

10Y+233.0%

2.81B

Total Equity

-4%

3Y+1.0%

5Y+17.0%

10Y+469.0%

Gray Media, Inc. Funding & Solvency Profile

GTN · NYSE

Current Assets

Cash & Cash Equivalents368.00M

Net Receivables211.00M

Inventory0.00

Other Current Assets42.00M

Total Current Assets656 M

Non-Current Assets

Property, Plant & Equipment1.57B

Goodwill & Intangible Assets8.11B

Long-Term Investments37.00M

Other Non-Current Assets64.00M

Total Non-Current Assets2 B

Total Assets

10.44B

Financial Health Analysis

Current Ratio

1.27x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

2.72x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

140 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

6% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Gray Media, Inc. Balance Sheet

GTN • NYSE

Gray Media, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	368M	135M	21M	61M	189M	773M	212M	667M	462.4M	325.2M	97.3M	30.8M	13.5M	11.1M	5.2M	5.4M	16M	30.6M	15.3M	4.7M
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.4M	4.2M	0.0
Cash & Short-Term Investments	368M	135M	21M	61M	189M	773M	212M	667M	462.4M	325.2M	97.3M	30.8M	13.5M	11.1M	5.2M	5.4M	16M	32M	19.5M	4.7M
Net Receivables	211M	343M	363M	672M	645M	446M	411M	184M	171.2M	146.8M	121.5M	106.7M	70M	62.5M	62.1M	64.5M	57.2M	54.7M	63.1M	62.1M
Accounts Receivables	205M	337M	342M	650M	624M	425M	411M	184M	171.2M	146.8M	121.5M	106.7M	70M	62.5M	62.1M	64.5M	57.2M	54.7M	63.1M	60.3M
Other Receivables	6M	6M	21M	22M	21M	21M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.7M
Inventory	0.0	0.0	0.0	0.0	0.0	0.0	0.0	7.3M	14.7M	13.7M	10.5M	21.1M	0.0	15.4M	4.7M	5M	3.4M	5M	4.9M	600K
Prepaids	35M	25M	18M	43M	40M	0.0	24M	7M	4.7M	5.1M	6.5M	2.2M	5.3M	2.8M	2M	2.4M	1.8M	3.2M	3.5M	0.0
Other Current Assets	42M	38M	66M	81M	89M	85M	25M	15M	28.4M	28.4M	60.2M	28.6M	41.8M	20M	10.1M	12.4M	11.8M	11.9M	11.9M	13.4M
Total Current Assets	656M	541M	468M	857M	963M	1.3B	672M	872.7M	666.8M	536.3M	285.5M	168.3M	130.6M	96.4M	79.4M	84.7M	86.8M	101.8M	98M	80.2M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	1.6B	1.6B	1.7B	1.5B	1.2B	794M	775M	363.1M	350.7M	326.1M	234.5M	221.8M	143.6M	135.1M	137.1M	137.1M	148.1M	162.9M	173M	187.1M
Goodwill	2.6B	2.6B	2.6B	2.7B	2.6B	1.5B	1.4B	612.4M	611.1M	485.3M	423.2M	374.4M	184.4M	170.5M	170.5M	170.5M	170.5M	170.5M	269.1M	269.5M
Intangible Assets	5.5B	5.6B	5.7B	6B	6.1B	4B	4B	1.6B	1.6B	1.4B	1.2B	1.1B	841.6M	819.8M	819.7M	819.8M	820.3M	820.9M	1.1B	1.1B
Goodwill & Intangible Assets	8.1B	8.2B	8.4B	8.6B	8.8B	5.4B	5.5B	2.2B	2.2B	1.9B	1.6B	1.4B	1B	990.3M	990.2M	990.3M	990.8M	991.4M	1.3B	1.3B
Long-Term Investments	37M	66M	85M	105M	117M	72M	17M	16.6M	16.6M	16.6M	13.6M	13.6M	13.6M	13.6M	13.6M	13.6M	13.6M	13.6M	14M	14M
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	0.0	22.5M	28.8M	373.8M	351.5M	292.7M	17.3M	184.4M	157.8M	157.9M	1.6M	144M	262.8M	282.5M
Other Non-Current Assets	64M	46M	33M	19M	16M	39M	29M	743.2M	-17.5M	-351.4M	-333.1M	-270.6M	3.3M	-170.1M	-144.1M	-141.4M	4.8M	-135.4M	-252.7M	-267.6M
Total Non-Current Assets	9.8B	10B	10.2B	10.3B	10.1B	6.3B	6.3B	3.3B	2.6B	2.2B	1.9B	1.7B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.5B	1.5B
Total Assets	10.4B	10.5B	10.6B	11.2B	11.1B	7.6B	7B	4.2B	3.3B	2.8B	2.1B	1.9B	1.3B	1.2B	1.2B	1.2B	1.2B	1.3B	1.6B	1.6B
LIABILITIES
CURRENT LIABILITIES
Total Payables	165M	95M	59M	84M	82M	43M	37M	22.7M	16.6M	8.2M	5.3M	6.5M	3.8M	4.3M	4.8M	9.4M	10.3M	15.9M	11.7M	7.8M
Accounts Payable	144M	75M	23M	55M	59M	10M	11M	8.4M	7.8M	5.3M	4.5M	4.6M	2.3M	2.4M	2M	5.6M	6M	11.5M	8M	7.8M
Other Payables	21M	20M	36M	29M	23M	33M	26M	14.3M	8.8M	2.9M	771K	1.9M	1.6M	1.9M	2.8M	3.8M	4.2M	4.4M	3.8M	0.0
Accrued Expenses	198M	244M	157M	149M	130M	105M	99M	34.8M	30.1M	31.4M	29M	25.2M	16.8M	9.8M	11.6M	12.4M	9.7M	9.6M	11.6M	28.8M
Short Term Debt	2M	20M	15M	15M	15M	0.0	0.0	0.0	6.4M	0.0	0.0	0.0	224K	0.0	4.8M	4.8M	8.1M	8.1M	9.3M	4.5M
Capital Lease Obligations (Current)	10M	10M	11M	10M	9M	7M	6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	35M	5M	22M	15M	10M	20M	13M	14.3M	8.8M	2.9M	771K	1.9M	1.6M	1.9M	2.8M	3.8M	4.2M	4.4M	3.8M	2.6M
Deferred Revenue	20M	29M	23M	24M	14M	22M	9M	3.7M	4M	4.7M	3.5M	7.5M	2.5M	3.2M	3.5M	4.2M	6.2M	10.4M	5.5M	3.8M
Other Current Liabilities	121M	129M	130M	127M	134M	78M	95M	89.2M	74.1M	75.2M	49.8M	40.9M	39.8M	30.4M	24.8M	27.8M	40.8M	38.2M	38M	18.9M
Total Current Liabilities	516M	527M	395M	409M	384M	255M	246M	150.4M	131.3M	119.4M	87.6M	80M	63.1M	47.7M	49.5M	58.5M	75.1M	82.2M	76.1M	63.8M
NON-CURRENT LIABILITIES
Long Term Debt	5.7B	5.6B	6.1B	6.4B	6.7B	4B	3.7B	2.5B	1.8B	1.8B	1.2B	1.2B	842.7M	832.9M	827.4M	821.9M	783.7M	792.3M	915.8M	847.2M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-2.8B	37.8M	34M	36.3M	43.3M	26.9M	450K	1.1M	1.8M	2.6M	3.3M	3.9M	4.2M
Deferred Tax Liabilities (Non-Current)	1.3B	1.3B	1.4B	1.5B	1.5B	885M	810M	284.9M	261.7M	373.8M	351.5M	292.7M	225.4M	184.4M	157.8M	157.9M	142.2M	144M	262.8M	282.5M
Other Non-Current Liabilities	18M	72M	51M	15M	43M	75M	60M	326.6M	305.6M	414.3M	39.2M	46.3M	29.3M	40.4M	75.2M	72.8M	148.5M	139.4M	29.6M	50.8M
Total Non-Current Liabilities	7.1B	7.1B	7.6B	8B	8.3B	5B	4.6B	2.9B	2.1B	2.2B	1.6B	1.6B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B
Capital Lease Obligations	69M	72M	80M	78M	72M	58M	51M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	7.6B	7.6B	8B	8.4B	8.7B	5.2B	4.9B	3B	2.3B	2.3B	1.7B	1.7B	1.2B	1.1B	1.1B	1.1B	1.2B	1.2B	1.3B	1.2B
SHAREHOLDERS' EQUITY
Treasury Stock	-323M	-317M	-314M	-309M	-251M	-214M	-133M	-97.8M	-73.8M	-68M	-64.6M	-63.5M	-63M	-62.7M	-62.5M	-62.5M	-62.5M	-62.5M	-62.3M	-56.8M
Preferred Stock	650M	650M	650M	650M	650M	650M	650M	0.0	0.0	0.0	0.0	1.9B	0.0	1.2B	24.8M	37.2M	93.4M	92.2M	0.0	37.5M
Common Stock	1.3B	1.3B	1.2B	1.2B	1.2B	1.1B	1.1B	933.8M	927.2M	679.9M	674.8M	503.4M	498.4M	496.1M	479.9M	479.7M	453.8M	452.3M	448.5M	443.7M
Additional Paid-In Capital	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	496.1M	495.2M	495M	469.1M	467.6M	463.8M	459M
Retained Earnings	1.2B	1.4B	1.1B	1.2B	869M	862M	504M	372.5M	161.7M	-101.4M	-163.6M	-202.9M	-251M	-269.3M	-293.3M	-295.1M	-303.7M	-263.5M	-50.6M	-20M
Accumulated Other Comprehensive Income/Loss	-4M	-30M	-23M	-12M	-27M	-39M	-31M	-21.4M	-22.2M	-17.6M	-17.3M	-20.8M	-10.4M	-20.2M	-16.4M	-8M	-9.3M	-24.5M	-13M	-2.4M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-496.1M	-479.9M	-37.2M	-93.4M	-92.2M	0.0	-37.5M
Total Stockholders' Equity	2.8B	2.9B	2.6B	2.8B	2.4B	2.4B	2.1B	1.2B	992.9M	492.9M	429.3M	216.2M	174M	143.9M	123M	129.4M	93.6M	117.1M	337.8M	379.8M
Total Equity	2.8B	2.9B	2.6B	2.8B	2.4B	2.4B	2.1B	1.2B	992.9M	492.9M	429.3M	216.2M	174M	143.9M	123M	129.4M	93.6M	117.1M	337.8M	379.8M
SUMMARY
Total Liabilities & Equity	10.4B	10.5B	10.6B	11.2B	11.1B	7.6B	7B	4.2B	3.3B	2.8B	2.1B	1.9B	1.3B	1.2B	1.2B	1.2B	1.2B	1.3B	1.6B	1.6B
Total Investments	37M	66M	85M	105M	117M	72M	17M	16.6M	16.6M	16.6M	13.6M	13.6M	13.6M	13.6M	13.6M	13.6M	13.6M	15M	18.2M	14M
Total Debt	5.8B	5.7B	6.2B	6.5B	6.8B	4B	3.7B	2.5B	1.8B	1.8B	1.2B	1.2B	842.9M	832.9M	832.2M	826.7M	791.8M	800.4M	925M	851.7M
Net Debt	5.4B	5.6B	6.2B	6.5B	6.6B	3.3B	3.5B	1.9B	1.4B	1.4B	1.1B	1.2B	829.4M	821.8M	827M	821.3M	775.8M	769.7M	909.7M	846.9M
Shares Outstanding	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245	92,500,245

SEC Filings

GTN - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 07, 2026	May 01, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 06, 2026	May 06, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 01, 2026	March 31, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	March 26, 2026	May 06, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 26, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 26, 2026	February 26, 2026	2026	View Filing

Showing 1 to 10 of 507 filings

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