Gray Media, Inc. GTN R2K
Communication Services · Broadcasting · United States
Gray Media, Inc., a multimedia company, owns and/or operates local television stations and digital assets in the United States. The company operates through Broadcasting, Production Companies, and Other segments. It also owns Gray Digital Media, a digital agency that provides clients with digital marketing strategies; and operates video production companies and studio production facilities. The company was formerly known as Gray Television, Inc. and changed its name to Gray Media, Inc. in July 2002. Gray Media, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
READ MORE ›$4.01
+7.92% 1Y
Market & Price
Market Cap
$411.98M
Current Price
$4.01
High / Low (52W)
$6.20 / $3.41
Beta
1.07
Valuation
Stock P/E
-
Industry PE
23.46
Forward P/E
-
PEG Ratio
0.12
Book Value
$21.62
Price to Book
0.19
P/S
0.13
EV/EBITDA
10.29
Dividend Yield
7.98%
Profitability & Returns
ROCE
3.64%
ROE
-3.39%
ROA
2.42%
Profit Margin
-3.12%
Op Margin
10.55%
EPS (Latest Qtr)
$-0.34
EPS (TTM)
$-1.52
Balance Sheet & Liquidity
Debt/Equity
2.10
Quick Ratio
1.00
Current Ratio
1.20
Debt
$5.81B
Total Assets
$10.44B
Current Assets
$656.00M
Working Capital
$140.00M
Ownership
Promoter Holding
7.16%
Chg in Prom Hold
-
FII / Inst Holding
86.36%
Chg in FII Hold
0.01%
Financial Snapshot
Enterprise Value
$6.60B
Total Revenue (TTM)
$3.08B
EBITDA
$641.00M
Free Cash Flow
$114.62M
Operating Cash Flow
$158.00M
Shares Outstanding
92.87M
Gross Margin
24.70%
Payout Ratio
74.42%
Growth (CAGR)
Revenue 5Y
-5.57%
Profit 5Y
-39.56%
Revenue (YoY)
-1.80%
Earnings (YoY)
-
PROS
- Attractive dividend yield of 7.98%.
- Generates positive free cash flow.
CONS
- Revenue declined at -5.6% CAGR over 5 years.
- Earnings shrank at -39.6% CAGR over 5 years.
- Trading 35.3% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | GTN Gray Media, Inc. R2K | 4.01 | - | $411.98M | 7.98% | 3.64% | -3.39% | -5.57% | -39.56% |
| 2 | GOOGL Alphabet Inc. NDXSPXAI | 380.34 | 28.99 | $4.61T | 0.23% | 32.40% | 38.88% | 12.51% | 30.14% |
| 3 | META Meta Platforms, Inc. NDXSPXAI | 632.51 | 22.99 | $1.61T | 0.33% | 26.87% | 32.93% | 19.89% | 37.61% |
| 4 | NFLX Netflix, Inc. NDXSPXAI | 86.02 | 27.75 | $362.21B | - | 30.26% | 48.49% | 12.64% | 34.71% |
| 5 | APP AppLovin Corporation NDXSPXAI | 613.09 | 53.17 | $205.96B | - | 70.20% | - | 24.84% | 609.87% |
| 6 | TMUS T-Mobile US, Inc. NDXSPX | 187.53 | 19.93 | $202.95B | 2.18% | 9.27% | 18.02% | 3.53% | 61.90% |
| 7 | VZ Verizon Communications Inc. SPX | 47.81 | 11.66 | $199.63B | 5.92% | 8.59% | 17.20% | 0.33% | -6.86% |
| 8 | DIS The Walt Disney Company SPX | 101.83 | 16.29 | $176.83B | 1.47% | 8.46% | 11.01% | 4.51% | 58.00% |
| 9 | T AT&T Inc. SPX | 24.80 | 8.16 | $172.32B | 4.48% | 9.23% | 18.37% | 1.34% | 119.18% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | 203.46M | 226.68M | 218.98M | 233.61M | 226.00M | 250.00M | 279.00M | 329.00M | 518.00M | 508.00M | 517.00M | 579.00M | 534.00M | 451.00M | 604.00M | 792.00M | 544.00M | 547.00M | 601.00M | 827.00M | 868.00M | 909.00M | 801.00M | 813.00M | 803.00M | 823.00M | 826.00M | - | - | 782.00M | 772.00M | 749.00M | 792.00M | 768.00M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 597.00M | 583.00M | 564.00M | 590.00M | 583.00M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 185.00M | 189.00M | 185.00M | 202.00M | 185.00M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 95.00M | 85.00M | 84.00M | 86.00M | 104.00M |
| Operating Income | 29.34M | 43.90M | 36.11M | 53.69M | 60.47M | 83.87M | 43.47M | 142.39M | 49.90M | 54.97M | 50.00M | 80.00M | 108.00M | 151.00M | 40.00M | 119.00M | 139.00M | 180.00M | 124.00M | 65.00M | 212.00M | 351.00M | 101.00M | 108.00M | 67.00M | 164.00M | 218.00M | 245.00M | 67.00M | 119.00M | 84.00M | 124.00M | 152.00M | - | - | 90.00M | 104.00M | 101.00M | 116.00M | 81.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 163.00M | 148.00M | 155.00M | 159.00M | 160.00M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 118.00M | 117.00M | 120.00M | 119.00M | 117.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -24.00M | -35.00M | -28.00M | -26.00M | -28.00M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -15.00M | 21.00M | -18.00M | -16.00M | -8.00M |
| Net Income | 6.61M | 14.99M | 8.99M | 17.66M | -213.00K | 35.83M | 10.51M | 70.56M | 15.32M | 165.57M | 20.00M | 41.00M | 62.00M | 88.00M | -18.00M | 44.00M | 59.00M | - | 53.00M | 11.00M | 122.00M | - | 39.00M | 39.00M | -17.00M | 62.00M | 99.00M | 108.00M | -31.00M | 4.00M | -40.00M | 88.00M | 22.00M | - | - | -9.00M | -56.00M | -10.00M | -10.00M | -20.00M |
| Diluted EPS | 0.09 | 0.21 | 0.12 | 0.24 | 0.00 | 0.49 | 0.14 | 0.97 | 0.21 | 2.13 | 0.22 | 0.46 | 0.70 | 1.00 | -0.31 | 0.31 | 0.46 | 0.81 | 0.40 | -0.02 | 1.14 | 2.22 | 0.27 | 0.27 | -0.32 | 0.52 | 0.91 | 1.03 | -0.48 | -0.10 | -0.57 | 0.79 | 0.09 | - | - | -0.23 | -0.71 | -0.24 | -0.24 | -0.34 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 812.47M | 883.00M | 1.08B | 2.12B | 2.38B | 2.41B | 3.68B | 3.28B | 3.64B | 3.10B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.25B | 2.38B | 2.40B | 2.33B |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.43B | 898.00M | 1.24B | 761.00M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 440.00M | 451.00M | 373.00M | 350.00M |
| Operating Income | 43.08M | 106.96M | 75.35M | 153.44M | 83.88M | 153.77M | 140.06M | 234.30M | 290.00M | 389.00M | 478.00M | 752.00M | 381.00M | 988.00M | 447.00M | 871.00M | 411.00M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.35B | 734.00M | 1.27B | 625.00M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | 354.00M | 440.00M | 485.00M | 474.00M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 614.00M | -82.00M | 492.00M | -113.00M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 159.00M | -6.00M | 117.00M | -28.00M |
| Net Income | -23.05M | 23.16M | 9.04M | 28.13M | 18.29M | 48.06M | 39.30M | 62.27M | 262.00M | 211.00M | 179.00M | 410.00M | 90.00M | 455.00M | -76.00M | 375.00M | -85.00M |
| Diluted EPS | -0.83 | 0.16 | 0.03 | 0.42 | 0.32 | 0.82 | 0.57 | 0.86 | 3.55 | 2.37 | 1.27 | 3.69 | 0.40 | 4.33 | -1.39 | 3.36 | -1.41 |
Compounded Sales Growth
| 5 Years: | -5.57% |
| 1 Year: | -1.80% |
Compounded Profit Growth
| 5 Years: | -39.56% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +7.92% |
| 6 Months: | -15.35% |
| 3 Months: | -21.44% |
| 1 Month: | -27.49% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 1.24B | 1.23B | 1.25B | 1.33B | 1.87B | 2.13B | 2.75B | 3.26B | 4.21B | 6.97B | 7.64B | - | 11.15B | 10.64B | 10.54B | 10.44B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 857.00M | 468.00M | 541.00M | 656.00M |
| Cash & Equivalents | 30.65M | 16.00M | 5.43M | 5.19M | 11.07M | 13.48M | 30.77M | 97.32M | 325.19M | 462.40M | 667.00M | 212.00M | 773.00M | - | 61.00M | 21.00M | 135.00M | 368.00M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 650.00M | 342.00M | 337.00M | 205.00M |
| Total Liabilities | - | - | 1.08B | 1.09B | 1.11B | 1.16B | 1.66B | 1.70B | 2.26B | 2.27B | 3.03B | 4.86B | 5.24B | - | 8.39B | 8.02B | 7.61B | 7.63B |
| Current Liabilities | - | - | 58.55M | 49.54M | 47.72M | 63.09M | 80.02M | 87.62M | 119.41M | 131.31M | 150.00M | 246.00M | 255.00M | - | 409.00M | 395.00M | 527.00M | 516.00M |
| Long Term Debt | - | - | 821.88M | 827.41M | 832.87M | 842.65M | 1.24B | 1.22B | 1.76B | 1.83B | 2.55B | 3.70B | 3.97B | - | 6.44B | 6.14B | 5.60B | 5.74B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.53B | 6.24B | 5.69B | 5.81B |
| Total Equity | 117.11M | 93.62M | 129.41M | 122.95M | 143.94M | 174.01M | 216.19M | 429.27M | 493.00M | 994.00M | 1.19B | 1.46B | 1.75B | - | 2.77B | 2.62B | 2.93B | 2.81B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 114.78M | 117.59M | 122.40M | 125.98M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 18.90M | 38.13M | 38.17M | 89.37M | 60.24M | 134.22M | 106.72M | 210.09M | 180.00M | 323.00M | 385.00M | 652.00M | - | 829.00M | 648.00M | 751.00M | 289.00M |
| Investing Cash Flow | -17.53M | -19.51M | -21.87M | -23.31M | -60.53M | -501.89M | -206.38M | -479.33M | -350.00M | -47.00M | -2.66B | -211.00M | - | -503.00M | -291.00M | -28.00M | -63.00M |
| Financing Cash Flow | -16.02M | -29.19M | -16.55M | -60.19M | 2.70M | 384.96M | 166.21M | 497.12M | 307.00M | 681.00M | 1.06B | 120.00M | - | -454.00M | -397.00M | -609.00M | 7.00M |
| Capital Expenditure | -17.76M | -19.39M | -24.27M | -24.52M | -24.05M | -32.22M | -24.22M | -43.60M | -35.00M | -70.00M | -110.00M | -110.00M | - | -436.00M | -348.00M | -143.00M | -108.00M |
| Free Cash Flow | 1.15M | 18.73M | 13.90M | 64.85M | 36.19M | 102.00M | 82.50M | 166.48M | 145.00M | 253.00M | 275.00M | 542.00M | - | 393.00M | 300.00M | 608.00M | 181.00M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | -128.00M | -40.00M | 114.00M | 233.00M |
| Share Buybacks | - | - | - | - | - | - | 0 | 2.00M | 4.00M | 19.00M | 32.00M | 75.00M | 30.00M | 50.00M | 0 | 0 | - |
| Dividends Paid | - | 14.89M | 6.60M | - | - | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | 38.8% | 27.4% | 34.1% | 24.6% |
| Operating Margin % | - | - | - | - | - | - | - | 28.8% | 32.8% | 35.9% | 22.5% | 31.6% | 15.8% | 26.9% | 13.6% | 23.9% | 13.3% |
| Net Margin % | - | - | - | - | - | - | - | 7.7% | 29.7% | 19.5% | 8.4% | 17.2% | 3.7% | 12.4% | -2.3% | 10.3% | -2.7% |
| ROE % | -24.6% | 17.9% | 7.3% | 19.5% | 10.5% | 22.2% | 9.2% | 12.6% | 26.4% | 17.8% | 12.2% | 23.4% | - | 16.4% | -2.9% | 12.8% | -3.0% |
| ROCE % | - | 9.0% | 6.4% | 12.8% | 6.6% | 8.6% | 6.9% | 8.9% | 9.3% | 9.6% | 7.1% | 10.2% | - | 9.2% | 4.4% | 8.7% | 4.1% |
Shareholding Pattern
Insiders
7.16%
Institutions
86.36%
Public Float
93.01%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 7.43% | 6.90M | $27.67M |
| 2 | Capital Management Corporation | 6.67% | 6.20M | $24.85M |
| 3 | Miller Value Partners, LLC | 5.78% | 5.37M | $21.53M |
| 4 | Dimensional Fund Advisors LP | 5.68% | 5.28M | $21.16M |
| 5 | Charles Schwab Investment Management, Inc. | 4.62% | 4.30M | $17.22M |
| 6 | Retirement Systems of Alabama | 4.44% | 4.13M | $16.55M |
| 7 | Vanguard Capital Management LLC | 3.99% | 3.70M | $14.85M |
| 8 | Penn Capital Management Company LLC | 3.89% | 3.62M | $14.50M |
| 9 | Goldman Sachs Group Inc | 3.04% | 2.82M | $11.31M |
| 10 | New York State Common Retirement Fund | 2.28% | 2.12M | $8.48M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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