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Gray Media, Inc (GTN)

Also trades as GTN-A. Every security a company lists rests on one set of financial statements, so these figures cover the whole company.

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SEC name GRAY MEDIA, INC · CIK 0000043196 · NYSE · Television Broadcasting Stations

  • Sector Transportation & Utilities
  • Incorporated GA
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Gray Media, Inc reported revenue of $3.10B. Revenue fell 15.1% from the prior annual period. Over the twelve months to 2026-06-30, revenue was $3.15B.

Key ratios (year ended 2025-12-31)

12.7%
Operating margin
-2.7%
Net margin
-3.9%
Return on year-end equity
-15.1%
Revenue growth (YoY)

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Latest selected filing: Form 8-K (current report) · 2026-10-09

Headquarters locality: Atlanta · View on map

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

The first column covers the twelve months to 2026-06-30 from the latest quarterly report: flows are the last fiscal year plus this year to date minus the same months a year earlier, and balances are as of that date. Per-share figures are annual only.

Period endedTTM to
2026-06-30		2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$3.15B$3.10B$3.64B$3.28B$3.68B$2.41B$2.38B$2.12B$1.08B$883.00M$812.47M
Operating Income$435.00M$392.00M$851.00M$383.00M$990.00M$381.00M$752.00M$478.00M$389.00M$290.00M$234.30M
Depreciation & Amortization$234.00M$237.00M$269.00M$339.00M$336.00M$221.00M$201.00M$195.00M$75.00Mn/an/a
EBITDA$669.00M$629.00M$1.12B$722.00M$1.33B$602.00M$953.00M$673.00M$464.00Mn/an/a
Net Income-$26.00M-$85.00M$375.00M-$76.00M$455.00M$90.00M$410.00M$179.00M$211.00M$262.00M$62.27M
EPS (Diluted)n/a-$1.41$3.36-$1.39$4.33$0.40$3.69$1.27$2.37$3.55$0.86
Total Assets$10.44B$10.44B$10.54B$10.64B$11.15B$11.11B$7.64B$6.97B$4.21B$3.26B$2.75B
Total Liabilities$7.71B$7.63B$7.61B$8.02B$8.39B$8.70B$5.24B$4.86B$3.03B$2.27B$2.26B
Long-Term Debt$5.80B$5.70B$5.50B$6.20B$6.50B$6.80B$4.00B$3.70B$2.55B$1.80B$1.80B
Shareholders' Equity$2.13B$2.15B$2.28B$1.97B$2.12B$1.76B$1.75B$1.46B$1.19B$994.00M$492.86M
Cash & Equivalents$176.00M$368.00M$135.00M$21.00M$61.00M$189.00M$773.00M$212.00M$667.00M$462.40M$325.19M
Operating Cash Flow$250.00M$289.00M$751.00M$648.00M$829.00M$300.00M$652.00M$385.00M$323.00M$180.00M$210.09M
Capital Expenditures$104.00M$108.00M$143.00M$348.00M$436.00M$207.00M$110.00M$110.00M$70.00M$35.00M$43.60M
Free Cash Flow$146.00M$181.00M$608.00M$300.00M$393.00M$93.00M$542.00M$275.00M$253.00M$145.00M$166.48M
Share Repurchasesn/an/a$0$0$50.00M$30.00M$75.00M$32.00M$19.00M$4.00M$2.00M
Dividends Paid$34.00M$33.00M$32.00M$30.00M$30.00M$31.00M$0$0n/an/an/a
Shares Outstandingn/an/an/an/an/a87.54M88.14M92.66M82.02M83.25M66.09M
Dividends Per Sharen/a$0.32$0.32$0.32$0.32$0.32$0.00$0.00$0.00$0.00$0.00
Weighted Average Diluted Sharesn/a97.00M96.00M92.00M93.00M95.00M97.00M100.00M89.00M74.00M72.76M
EPS (Basic)n/a-$1.41$3.40-$1.39$4.38$0.40$3.73$1.28$2.39$3.59$0.87

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