GTN - NYSE
Gray Media, Inc.
$3.85
-5.4%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.
At a Glance
Live SnapshotGray Media, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating Margin
Acceptable margins but limited operational leverage. Operating expense control is important.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
Gray Media, Inc. Income Statement
GTN • NYSE
| Gray Media, Inc. Income Statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
3.1B | 3.6B | 3.3B | 3.7B | 2.4B | 2.4B | 2.1B | 1.1B | 882.7M | 812.5M | 597.4M | 508.1M | 346.3M | 404.8M | 307.1M | 346.1M | 270.4M | 327.2M | 307.3M | 332.1M | |
GROSS PROFIT | ||||||||||||||||||||
(104M) | (2.4B) | (2.4B) | (2.2B) | (1.6B) | (1.4B) | (1.4B) | (596.4M) | (557.1M) | (475.1M) | (374.2M) | (286M) | (217.4M) | (212.3M) | (194.2M) | (196.4M) | (187.6M) | (199.6M) | (199.7M) | (191.5M) | |
3B | 1.2B | 898M | 1.4B | 803M | 989M | 723M | 487.7M | 325.6M | 337.3M | 223.2M | 222.1M | 128.9M | 192.5M | 112.9M | 149.7M | 82.8M | 127.6M | 107.6M | 140.6M | |
OPERATING INCOME | ||||||||||||||||||||
(2.6B) | (393M) | (515M) | (438M) | (422M) | (237M) | (299M) | (115.4M) | (108.6M) | (102.9M) | (83M) | (67.7M) | (44.2M) | (39.1M) | (40.5M) | (42.7M) | (47.3M) | (725.2M) | (54.2M) | (52.6M) | |
(0.0) | (104M) | (112M) | (102M) | (88M) | (65M) | (104M) | (40.9M) | (31.5M) | (40.3M) | (34.3M) | (29.2M) | (19.8M) | (15.9M) | (14.2M) | (13.5M) | (14.2M) | (14.1M) | (15.1M) | (15.1M) | |
392M | 851M | 383M | 990M | 381M | 752M | 478M | 388.8M | 291.2M | 234.1M | 140.1M | 153.8M | 83.9M | 153.4M | 75.3M | 107M | 43.1M | -258.9M | 53.4M | 88M | |
PRE-TAX INCOME | ||||||||||||||||||||
(474M) | (485M) | (440M) | (354M) | (205M) | (191M) | (227M) | (106.6M) | (95.3M) | (97.2M) | (74.4M) | (68.9M) | (52.4M) | (59.4M) | (61.8M) | (70M) | (69.1M) | (54.1M) | (67.2M) | (66.8M) | |
-474M | -485M | -440M | -354M | -205M | -191M | -227M | -107M | -95M | -97.2M | -74.4M | -68.9M | -52.4M | -59.4M | -61.8M | -70M | -69.1M | -54.1M | -67.2M | -66.8M | |
(2.6B) | (289M) | (403M) | (336M) | (334M) | (172M) | (195M) | (5.5M) | (162K) | (775K) | (103K) | (23K) | (24.4M) | (2K) | (26.3M) | (31.1M) | (33.2M) | (35.4M) | (39.1M) | (37.5M) | |
-505M | -359M | -465M | -376M | -213M | -208M | -223M | -101.4M | -96.7M | -128.6M | -74.3M | -74M | -52.4M | -106.1M | -61.8M | -70.4M | -77.4M | -54.1M | -89.1M | -66.5M | |
-113M | 492M | -82M | 614M | 168M | 544M | 255M | 287.7M | 193.3M | 105.7M | 65.7M | 79.8M | 31.4M | 47.3M | 13.6M | 36.6M | -34.3M | -313M | -35.7M | 21.5M | |
NET INCOME | ||||||||||||||||||||
-28M | (117M) | -6M | (159M) | (78M) | (134M) | (76M) | (76.8M) | -68.7M | (43.4M) | (26.4M) | (31.7M) | (13.1M) | (19.2M) | (4.5M) | (13.4M) | -11.3M | -111M | -12.5M | (9.8M) | |
-85M | 375M | -76M | 455M | 90M | 410M | 179M | 210.8M | 262M | 62.3M | 39.3M | 48.1M | 18.3M | 28.1M | 9M | 23.2M | -23M | -202M | -23.2M | 11.7M |
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 | |
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 06, 2026 | May 06, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 01, 2026 | March 31, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 26, 2026 | May 06, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 26, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 26, 2026 | February 26, 2026 | 2026 |
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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