Gray Media, Inc.

NYSE:GTN.A Stock Report

Market Cap: US$415.5m

Gray Media Past Earnings Performance

Past criteria checks 0/6

Gray Media's earnings have been declining at an average annual rate of -31.7%, while the Media industry saw earnings growing at 5.4% annually. Revenues have been growing at an average rate of 5.6% per year.

Key information

-31.70%

Earnings growth rate

-31.65%

EPS growth rate

Media Industry Growth13.17%
Revenue growth rate5.59%
Return on equity-3.47%
Net Margin-4.80%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Seeking Alpha • Nov 30

Gray Television: Divesting But Appears Undervalued

Summary Gray Television is reshaping its balance sheet through recent acquisitions and divestitures, potentially leading to improved cash flow and stock valuation. In my view, the recent acquisitions of the television station WPGA in Macon, Georgia market, and the divestiture of KNIN may bring cash in hand and incoming FCF growth from new synergies. GTN's experienced management team and expertise in M&A suggest further inorganic growth and higher free cash flow margins in the future. Read the full article on Seeking Alpha
Seeking Alpha • Jun 09

Gray Television: A Promising Picture

Gray Television has done well to grow its top line in recent years and the general trend for cash flows has been positive as well. Some uncertainty exists, but the overall trajectory of the company is promising. Add in how shares are priced today, and it looks to offer some upside potential moving forward.
Analysis Article • May 27

Gray Television (NYSE:GTN.A) Has Re-Affirmed Its Dividend Of US$0.08

The board of Gray Television, Inc. ( NYSE:GTN.A ) has announced that it will pay a dividend on the 30th of June, with...

Revenue & Expenses Breakdown

How Gray Media makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:GTN.A Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 263,081-1481200
31 Dec 253,095-1371130
30 Sep 253,348421090
30 Jun 253,5491481050
31 Mar 253,6032261080
31 Dec 243,6443231040
30 Sep 243,4631451130
30 Jun 243,31691120
31 Mar 243,303-91140
31 Dec 233,281-1281120
30 Sep 233,48967980
30 Jun 233,5952151020
31 Mar 233,650310970
31 Dec 223,6764031040
30 Sep 223,3252461100
30 Jun 223,0171211040
31 Mar 222,69661970
31 Dec 212,41338860
30 Sep 212,484233730
30 Jun 212,487372670
31 Mar 212,391344660
31 Dec 202,381358630
30 Sep 202,168228310
30 Jun 202,081165660
31 Mar 202,138198370
31 Dec 192,122127700
30 Sep 191,871134880
30 Jun 191,633150490
31 Mar 191,376160720
31 Dec 181,084211400
30 Sep 18990289360
30 Jun 18930242330
31 Mar 18905271310
31 Dec 17883262320
30 Sep 17887132260
30 Jun 17872117250
31 Mar 1784264250
31 Dec 1681262330
30 Sep 1674441360
30 Jun 1669148390
31 Mar 1663843370
31 Dec 1559739280
30 Sep 1560656250
30 Jun 1558663200

Quality Earnings: GTN.A is currently unprofitable.

Growing Profit Margin: GTN.A is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GTN.A is unprofitable, and losses have increased over the past 5 years at a rate of 31.7% per year.

Accelerating Growth: Unable to compare GTN.A's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GTN.A is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (5%).

Return on Equity

High ROE: GTN.A has a negative Return on Equity (-3.47%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 12:02
End of Day Share Price 2026/05/20 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Gray Media, Inc. is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick ShollBarrington Research Associates, Inc.
Daniel KurnosBenchmark Company
Curry BakerGuggenheim Securities, LLC