Gray Media, Inc.

NYSE:GTN Stock Report

Market Cap: US$496.0m

Gray Media Past Earnings Performance

Past criteria checks 1/6

Gray Media's earnings have been declining at an average annual rate of -14%, while the Media industry saw earnings growing at 6.4% annually. Revenues have been growing at an average rate of 11.4% per year. Gray Media's return on equity is 9.6%, and it has net margins of 6.3%.

Key information

-13.96%

Earnings growth rate

-13.37%

EPS growth rate

Media Industry Growth13.17%
Revenue growth rate11.36%
Return on equity9.57%
Net Margin6.27%
Next Earnings Update08 Aug 2025

Recent past performance updates

Gray Media's (NYSE:GTN) Earnings May Just Be The Starting Point

May 15
Gray Media's (NYSE:GTN) Earnings May Just Be The Starting Point

Recent updates

Gray Media: 2026 Shaping Up To Be A Massive Year

Jul 10

Gray Media, Inc. (NYSE:GTN) Stock Catapults 35% Though Its Price And Business Still Lag The Industry

Jul 05
Gray Media, Inc. (NYSE:GTN) Stock Catapults 35% Though Its Price And Business Still Lag The Industry

Gray Media's (NYSE:GTN) Earnings May Just Be The Starting Point

May 15
Gray Media's (NYSE:GTN) Earnings May Just Be The Starting Point

Gray Media, Inc. (NYSE:GTN) Held Back By Insufficient Growth Even After Shares Climb 29%

May 09
Gray Media, Inc. (NYSE:GTN) Held Back By Insufficient Growth Even After Shares Climb 29%

Gray Media: A Value Play On A Highly Anticipated 2026 Midterm Election Season

Apr 18

Gray Media, Inc.'s (NYSE:GTN) Share Price Boosted 25% But Its Business Prospects Need A Lift Too

Mar 19
Gray Media, Inc.'s (NYSE:GTN) Share Price Boosted 25% But Its Business Prospects Need A Lift Too

Gray Media: Free Cash Flow Potential, Reorganization Efforts In 2025, And Undervalued

Jan 29

Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

Dec 24
Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

Gray Television, Inc. (NYSE:GTN) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough

Dec 04
Gray Television, Inc. (NYSE:GTN) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough

Gray Television: Still A Value Trap

Nov 19

Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08

Nov 12
Gray Television (NYSE:GTN) Has Affirmed Its Dividend Of $0.08

Gray Television: Dead Money (Rating Downgrade)

Nov 10

Improved Revenues Required Before Gray Television, Inc. (NYSE:GTN) Shares Find Their Feet

Oct 17
Improved Revenues Required Before Gray Television, Inc. (NYSE:GTN) Shares Find Their Feet
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Leveraging Local Content And Digital Expansion To Spur Revenue And Profit Growth

Gray's focus on local content and digital expansion efforts aims at revenue growth and viewer engagement, even amidst industry challenges.

Gray Television (NYSE:GTN) Seems To Be Using A Lot Of Debt

Sep 10
Gray Television (NYSE:GTN) Seems To Be Using A Lot Of Debt

Gray Television's (NYSE:GTN) Dividend Will Be $0.08

Aug 20
Gray Television's (NYSE:GTN) Dividend Will Be $0.08

Gray Television: Bumpy Ride But Thesis Intact

Aug 10

Is Now An Opportune Moment To Examine Gray Television, Inc. (NYSE:GTN)?

Aug 05
Is Now An Opportune Moment To Examine Gray Television, Inc. (NYSE:GTN)?

Estimating The Intrinsic Value Of Gray Television, Inc. (NYSE:GTN)

Jul 15
Estimating The Intrinsic Value Of Gray Television, Inc. (NYSE:GTN)

Taking A (Speculative) Position In Gray Television

Jul 10

Gray Television, Inc. (NYSE:GTN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Jun 19
Gray Television, Inc. (NYSE:GTN) Stock's 26% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

Jun 01
Gray Television (NYSE:GTN) Use Of Debt Could Be Considered Risky

Gray Television: Tune In To The Main Event

Apr 02

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 Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 253,6032261050
31 Dec 243,6443231010
30 Sep 243,4631451110
30 Jun 243,31691100
31 Mar 243,303-91120
31 Dec 233,281-1281100
30 Sep 233,48967980
30 Jun 233,5952151020
31 Mar 233,650310970
31 Dec 223,6764031010
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
31 Mar 1555052230
31 Dec 1450848230
30 Sep 1442622270

Quality Earnings: GTN has a large one-off loss of $119.0M impacting its last 12 months of financial results to 31st March, 2025.

Growing Profit Margin: GTN became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GTN's earnings have declined by 14% per year over the past 5 years.

Accelerating Growth: GTN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GTN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (1.9%).

Return on Equity

High ROE: GTN's Return on Equity (9.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/30 05:15
End of Day Share Price 2025/07/30 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James GossBarrington Research Associates, Inc.
Patrick ShollBarrington Research Associates, Inc.
Daniel KurnosBenchmark Company