Gray Media/$GTN
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Capital at risk
About Gray Media
Gray Media Inc is a multimedia company. The company owns and operates local television stations and digital assets. It also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with digital products and services. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios. The company's segments include Broadcasting and Production Companies. The majority of revenue is derived from broadcast and digital advertising and from retransmission consent fees.
- Ticker
- $GTN
- Sector
- Communication
- Primary listing
- NYSE
- Employees
- 9,374
- Headquarters
- Atlanta, United States
- Website
- graymedia.com
Gray Media Metrics
BasicAdvanced
$487M
-
-$0.59
0.99
$0.32
6.56%
Price and volume
Market cap
$487M
Beta
0.99
52-week high
$6.44
52-week low
$3.55
Average daily volume
941K
Dividend rate
$0.32
Financial strength
Current ratio
0.952
Quick ratio
0.716
Long term debt to equity
2.154
Total debt to equity
2.158
Interest coverage (TTM)
0.96%
Profitability
EBITDA (TTM)
688
Gross margin (TTM)
26.05%
Net profit margin (TTM)
-0.83%
Operating margin (TTM)
14.42%
Effective tax rate (TTM)
58.73%
Revenue per employee (TTM)
$340,000
Management effectiveness
Return on assets (TTM)
2.73%
Return on equity (TTM)
-0.94%
Valuation
Price to revenue (TTM)
0.152
Price to book
0.23
Price to tangible book (TTM)
-0.08
Price to free cash flow (TTM)
5.142
Free cash flow yield (TTM)
19.45%
Free cash flow per share (TTM)
0.949
Dividend yield (TTM)
6.56%
Forward dividend yield
6.56%
Growth
Revenue change (TTM)
-11.30%
Earnings per share change (TTM)
-138.65%
3-year revenue growth (CAGR)
-4.33%
10-year revenue growth (CAGR)
16.37%
3-year earnings per share growth (CAGR)
-36.63%
10-year earnings per share growth (CAGR)
-1.21%
What the Analysts think about Gray Media
Analyst ratings (Buy, Hold, Sell) for Gray Media stock.
Analyst projections of the future price of Gray Media stock.
Bulls say / Bears say
Gray raised its third-quarter political-advertising outlook to $188–195 million, above its earlier $165–185 million range, as spending in competitive races outpaced expectations. Its broad presence in battleground markets gives it strong exposure to this midterm-election spending. (Gray Media)
Gray refinanced more than $1.25 billion of debt, lowering borrowing costs and pushing major maturities beyond the 2026 and 2028 political cycles. That gives the company more time to use election-year cash flow to reduce debt. (Nasdaq)
Digital revenue grew 12% year on year in the second quarter, while new local direct business rose 5%. Continued digital growth could help broaden revenue beyond traditional broadcast advertising. (The Motley Fool)
Core advertising remains weak: Gray reported a 1% second-quarter decline, and its third-quarter outlook was down 1% to flat, with management citing macroeconomic softness. Excluding recent acquisitions, the second-quarter decline was in the mid-single digits. (Gray Media, SEC)
The balance sheet still carries substantial risk: at June-end, total net leverage was 5.73 times and management forecast $440 million of 2026 interest expense. The refinancing extends maturities, but it does not remove the large debt burden ahead of the equity. (The Motley Fool)
Retransmission-consent revenue fell 7% in the first half to $698 million, with Gray citing declining pay-TV subscriptions among the causes. Continued subscriber losses threaten this important recurring revenue stream. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.
Gray Media Financial Performance
Revenues and expenses
Gray Media Earnings Performance
Company profitability
Upcoming events
Funds containing Gray Media
Fund name | Fund size | $GTN weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.01% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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