GTN · Gray Media, Inc · Financials

$4.70 +0.08 (+1.73%) At close · Oct 22

Russell 2000 member Rebalance outlook locked

Market Cap

$484.03M

102.98M

Volume · Oct 22 677.02K Avg daily vol (3M) 1.06M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$3.1B -15.1%

FY2025

Net Income

-$85M -122.7%

FY2025

Operating Margin

12.67% -10.7pp

FY2025

Diluted EPS

-$1.41 -142%

FY2025

Operating Cash Flow

$289M -61.5%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenue	-5.6%	+5.4%	+17.9%	$3.15B	$3.1B	$3.64B^G	$3.28B^G	$3.68B^G	$2.41B	$2.38B	$2.12B	$1.08B	$883M	$812.47M	$597.36M	$508.13M	$346.3M	$404.83M	$307.13M	$346.06M	$270.37M
Rental Income	+35.1%	—	—	$36M	$37M	$37M	$23M	$15M	—	—	—	—	—	—	—	—	—	—	—	—	—
General & Administrative	—	—	—	—	—	—	—	—	$159M	$65M	$104M	$41M	$32M	$40.32M	$34.34M	$29.2M	$19.81M	$15.93M	$14.17M	$13.55M	$14.17M
Amortization of Intangibles	-20.5%	-0.2%	+24.1%	$21M	$104M	$125M	$194M	$207M	$117M	$105M	$115M	$21M	$25M	$16.6M	$11.98M	$8.3M	$336K	$75K	$125K	$479K	$577K
Depreciation & Amortization	-11.0%	+3.3%	—	$234M	$237M	$269M	$339M	$336M	$221M	$201M	$195M	$75M	—	—	—	—	—	—	—	—	—
Total Operating Expenses	+0.2%	+10.7%	+19.4%	$2.71B	$2.7B	$2.79B	$2.9B	$2.69B	$2.03B	$1.63B	$1.64B	$695M	$593M	$578.16M	$457.3M	$354.36M	$262.42M	$251.39M	$231.78M	$239.1M	$227.3M
Operating Costs & Expenses	—	—	—	—	—	—	—	—	—	—	—	$596.4M	$557.56M	$474.99M	$374.18M	$285.99M	$217.41M	$212.29M	$194.2M	$196.35M	$187.58M
Operating Income	-26.6%	-12.2%	+10.8%	$435M	$392M	$851M	$383M	$990M	$381M	$752M	$478M	$389M	$290M	$234.3M	$140.06M	$153.77M	$83.88M	$153.44M	$75.35M	$106.96M	$43.08M
Operating Margin	—	—	—	—	12.67%	23.35%	11.67%	26.93%	15.79%	31.58%	22.53%	35.89%	32.84%	28.84%	23.45%	30.26%	24.22%	37.9%	24.53%	30.91%	15.93%
EBITDA	-22.0%	-8.0%	—	$669M	$629M	$1.12B	$722M	$1.33B	$602M	$953M	$673M	$464M	—	—	—	—	—	—	—	—	—
Other Non-Operating Income	—	—	—	$6M	-$1M	$117M	$7M	-$4M	-$8M	-$5M	$4M	$6M	$1M	$610K	$103K	$23K	$0	$2000	$3000	$44K	$54K
Pretax Income	—	—	—	-$63M	-$113M	$492M	-$82M	$614M	$168M	$544M	$255M	$288M	$193M	$105.69M	$65.75M	$79.8M	$31.44M	$47.32M	$13.57M	$36.61M	-$34.31M
Income Tax	—	—	—	-$37M	-$28M	$117M	-$6M	$159M	$78M	$134M	$76M	$77M	-$69M	$43.42M	$26.45M	$31.74M	$13.15M	$19.19M	$4.54M	$13.45M	-$11.26M
Net Income	—	—	—	-$26M	-$85M	$375M	-$76M	$455M	$90M	$410M	$179M	$211M	$262M	$62.27M	$39.3M	$48.06M	$18.29M	$28.13M	$9.04M	$23.16M	-$23.05M
Net Margin	—	—	—	—	-2.75%	10.29%	-2.32%	12.38%	3.73%	17.22%	8.44%	19.46%	29.67%	7.66%	6.58%	9.46%	5.28%	6.95%	2.94%	6.69%	-8.52%
Net Income Available to Common Stockholders	—	—	—	-$58M	-$137M	$323M	-$128M	$403M	$38M	$358M	$127M	$211M	$262M	—	—	$48.06M	$18.29M	$24.03M	$1.8M	$8.58M	-$40.17M
Comprehensive Income	—	—	—	$1M	-$59M	$368M	-$87M	$470M	$102M	$402M	$169M	$212M	$258M	$61.91M	$42.83M	$37.66M	$28.05M	$24.36M	$621K	$24.49M	-$7.9M
EPS (Basic) USD/shares	—	—	—	-$0.60	-$1.41	$3.40	-$1.39	$4.38	$0.40	$3.73	$1.28	$2.39	$3.59	$0.87	$0.58	$0.83	$0.32	$0.42	$0.03	$0.16	-$0.83
EPS (Diluted) USD/shares	—	—	—	-$0.60	-$1.41	$3.36	-$1.39	$4.33	$0.40	$3.69	$1.27	$2.37	$3.55	$0.86	$0.57	$0.82	$0.32	$0.42	$0.03	$0.16	-$0.83
Shares Outstanding (Basic Avg) shares	+1.8%	+0.2%	+3.6%	—	97M	95M	92M	92M	95M	96M	99M	88M	73M	71.85M	68.33M	57.86M	57.63M	57.17M	57.12M	54.32M	48.51M
Shares Outstanding (Diluted Avg) shares	+1.4%	0.0%	+3.5%	—	97M	96M	92M	93M	95M	97M	100M	89M	74M	72.76M	68.99M	58.36M	57.97M	57.26M	57.12M	54.32M	48.51M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $212M in buybacks, $177.49M in dividends.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Long-term debt, including current maturities	2026-06-30	USD 5,800,000,000	10-Q filed 2026-08-07
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current portion of long-term debt USD 0 Noncurrent debt carrying amount USD 5,808,000,000
Operating lease liabilities	2026-06-30	USD 78,000,000	10-Q filed 2026-08-07
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current operating lease liabilities USD 11,000,000 Noncurrent operating lease liabilities USD 68,000,000

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

1.94×

Peer median 1.29×

EV/EBIT

14.06×

P/E (TTM)

—

EV/Adj. EBITDA (FY2025)

9.13×

Peer median 8.15×

Peer medians compare against the 8 similar-size Broadcasting companies (of 17 listed).

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Broadcasting Segment	$2,988,000,000	$3,539,000,000	$3,195,000,000	$3,583,000,000	$2,340,000,000	$2,320,000,000	$2,035,000,000	$1,084,000,000
Production Companies Segment	$107,000,000	$105,000,000	$86,000,000	$93,000,000	$73,000,000	$61,000,000	$87,000,000	$0
All Other Segments	$0	$0	$0	$0	—	—	—	—

By Product & Service (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Core Advertising	$1,452,000,000	$1,490,000,000	$1,514,000,000	$1,496,000,000	—	$969,000,000	—	—
Retransmission Consent	$1,429,000,000	$1,482,000,000	$1,532,000,000	$1,496,000,000	$1,049,000,000	$867,000,000	$796,000,000	$355,000,000
Production Companies	$107,000,000	$105,000,000	$86,000,000	$93,000,000	$73,000,000	$61,000,000	$87,000,000	$0
Service Other	$65,000,000	$70,000,000	$70,000,000	$76,000,000	$57,000,000	$54,000,000	$44,000,000	$17,000,000
Political Advertising	$42,000,000	$497,000,000	$79,000,000	$515,000,000	$44,000,000	$430,000,000	$68,000,000	$155,000,000
Local Advertising	—	—	—	—	$934,000,000	$771,000,000	$898,000,000	$443,000,000
National Advertising	—	—	—	—	$256,000,000	$198,000,000	$229,000,000	$114,000,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Broadcasting Segment	$513,000,000	$956,000,000	$587,000,000	$1,099,000,000	$545,000,000	$825,000,000	$584,000,000	$431,000,000
Production Companies Segment	-$6,000,000	$1,000,000	-$88,000,000	-$2,000,000	-$1,000,000	-$5,000,000	$0	$0
All Other Segments	-$115,000,000	-$106,000,000	-$116,000,000	-$107,000,000	—	—	—	—

Operating Margin by Segment (%)

Component	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Broadcasting Segment	17.2%	27%	18.4%	30.7%	23.3%	35.6%	28.7%	39.8%
Production Companies Segment	-5.6%	1%	-102.3%	-2.2%	-1.4%	-8.2%	0%	—

Key facts CIK 43196 CUSIP 389375106 13F (30d) 18 filings 18 filers Visit website Investor relations