GRAY MEDIA, INC
GTN-ANYSE
$7.44
↓ -0.5%Jul 15 close · end-of-day
Price
1Y↓ -32.2%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$721.7M
Enterprise Value
$6.2B
P/E
—
P/S
0.2
P/B
0.3
EV/EBITDA
10.0
PEG
—
FCF Yield
6.4%
Dividend Yield
4.3%
Revenue (TTM)
$3.1B
Net Income (TTM)
-$96.0M
Free Cash Flow (TTM)
$46.0M
Gross Margin
—
Operating Margin
12.4%
Net Margin
-3.1%
ROE
-4.5%
ROIC
4.0%
Debt / Equity
2.7
Net Cash
-$5.5B
Return 1Y
-23.0%
Company profile
Gray Television, Inc. owns and/or operates television stations and digital assets in the United States. It broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services. The company was formerly known as Gray Communications Systems.
- CEO
- Hilton H. Howell
- Sector
- Transportation, Communications, Electric, Gas, And Sanitary Services
- Industry
- Communication
- Employees
- 8,610
- Headquarters
- Georgia
- Website
- gray.tv
Management & directors
- Howell Hilton H JrChairman, President & CEO
- Gignac Jeffrey RExecutive Vice President, CFO
- Laplatney D PatrickPresident and Co-CEO
- Latek Kevin PaulEVP Chief L & D Officer
- Mcnamara Sandra BrelandExecutive Vice President, COO
Roles derived from SEC Form 4 filings.
Earnings
GTN-A Q1 2026 Earnings
Period ends 2026-03-31
MetricActualYoY
Revenue$768.0M↓ -1.8%
Diluted EPS-$0.34↑ +47.8%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $2.4B | $2.4B | $3.7B | $3.3B | $3.6B | $3.1B |
| Gross profit | — | — | — | — | — | — |
| Operating income | $752.0M | $381.0M | $990.0M | $383.0M | $851.0M | $392.0M |
| Net income | $410.0M | $90.0M | $455.0M | -$76.0M | $375.0M | -$85.0M |
| Diluted EPS | $3.69 | $0.40 | $4.33 | -$1.39 | $3.36 | -$1.41 |
| Operating cash flow | $652.0M | $300.0M | $829.0M | $648.0M | $751.0M | $289.0M |
| Free cash flow | $542.0M | $93.0M | $393.0M | $300.0M | $608.0M | $181.0M |
| Gross margin | — | — | — | — | — | — |
| Operating margin | 31.6% | 15.8% | 26.9% | 11.7% | 23.4% | 12.7% |
| Net margin | 17.2% | 3.7% | 12.4% | -2.3% | 10.3% | -2.7% |
| Line item | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $826.0M | $950.0M | $1.0B | $782.0M | $772.0M | $749.0M | $792.0M | $768.0M |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | $152.0M | $250.0M | $325.0M | $92.0M | $82.0M | $102.0M | $116.0M | $81.0M |
| Net income | $22.0M | $96.0M | $169.0M | -$9.0M | -$56.0M | -$10.0M | -$10.0M | -$20.0M |
| Diluted EPS | $0.09 | $0.86 | $1.62 | -$0.23 | -$0.71 | -$0.24 | -$0.23 | -$0.34 |
| Operating cash flow | $18.0M | $297.0M | $368.0M | $132.0M | $31.0M | $14.0M | $112.0M | $1.0M |
| Free cash flow | -$11.0M | $257.0M | $328.0M | $117.0M | $6.0M | -$11.0M | $69.0M | -$18.0M |
| Gross margin | — | — | — | — | — | — | — | — |
| Operating margin | 18.4% | 26.3% | 31.1% | 11.8% | 10.6% | 13.6% | 14.6% | 10.5% |
| Net margin | 2.7% | 10.1% | 16.2% | -1.2% | -7.3% | -1.3% | -1.3% | -2.6% |
Company news
Jul 17, 2026
Jul 16, 2026
Jul 15, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-05-19 | BOGER RICHARD LEE | Sale | 55,000 | $4.19 | $230,450.00 | filing |
| 2026-05-19 | BOGER RICHARD LEE | Sale | 2,000 | $10.12 | $20,240.00 | filing |
| 2026-05-06 | HOWELL HILTON H JR· Chairman, President & CEO | Award | 30,741 | $0.00 | $0.00 | filing |
| 2026-05-06 | Spainhour Sterling A Jr. | Award | 30,741 | $0.00 | $0.00 | filing |
| 2026-05-06 | Garcia Luis A. | Award | 30,741 | $0.00 | $0.00 | filing |
| 2026-05-06 | McTear Paul | Award | 30,741 | $0.00 | $0.00 | filing |
| 2026-05-06 | Hare Richard B | Award | 30,741 | $0.00 | $0.00 | filing |
| 2026-05-06 | Howell Robin Robinson | Award | 30,741 | $0.00 | $0.00 | filing |
| 2026-05-06 | McClain Lorri | Award | 30,741 | $0.00 | $0.00 | filing |
| 2026-05-06 | BOGER RICHARD LEE | Award | 30,741 | $0.00 | $0.00 | filing |
| 2026-05-06 | NEWTON HOWELL | Award | 30,741 | $0.00 | $0.00 | filing |
| 2026-04-01 | Gignac Jeffrey R· Executive Vice President, CFO | Tax withholding | 43,434 | $4.40 | $191,109.60 | filing |
| 2026-02-28 | Howell Robin Robinson | Tax withholding | 468,050 | $10.73 | $5.0M | filing |
| 2026-02-28 | HOWELL HILTON H JR· Chairman, President & CEO | Tax withholding | 468,050 | $10.73 | $5.0M | filing |
| 2026-02-28 | Latek Kevin Paul· EVP Chief L & D Officer | Tax withholding | 306,021 | $5.19 | $1.6M | filing |
| 2026-02-28 | LaPlatney D Patrick· President and Co-CEO | Tax withholding | 180,613 | $5.19 | $937,381.47 | filing |
| 2026-02-28 | McNamara Sandra Breland· Executive Vice President, COO | Tax withholding | 124,825 | $5.19 | $647,841.75 | filing |
| 2026-02-28 | Gignac Jeffrey R· Executive Vice President, CFO | Tax withholding | 68,855 | $5.19 | $357,357.45 | filing |
| 2026-02-28 | HOWELL HILTON H JR· Chairman, President & CEO | Award | 124,921 | $0.00 | $0.00 | filing |
| 2026-02-28 | Howell Robin Robinson | Award | 124,921 | $0.00 | $0.00 | filing |
| 2026-02-28 | LaPlatney D Patrick· President and Co-CEO | Award | 51,323 | $0.00 | $0.00 | filing |
| 2026-02-28 | Latek Kevin Paul· EVP Chief L & D Officer | Award | 36,818 | $0.00 | $0.00 | filing |
| 2026-02-28 | McNamara Sandra Breland· Executive Vice President, COO | Award | 18,989 | $0.00 | $0.00 | filing |
| 2026-02-12 | Howell Robin Robinson | Award | 327,303 | $12.16 | $4.0M | filing |
| 2026-02-12 | HOWELL HILTON H JR· Chairman, President & CEO | Award | 327,303 | $12.16 | $4.0M | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.