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GRAY MEDIA, INC

Data quality: 100%
Also listed as GTN-A NYSE
GTN
NYSE Utilities Communications
$5.27
▲ $0.31 (6.25%)
Mkt Cap: 560.54 M
Price
$4.92
Mkt Cap
560.54 M
Day Range
—
52-Week Range
—
Volume
—
Open —
50D / 200D Avg
—
50D / 200D Avg
—

Quick Summary

Key Takeaways

Revenue grew 6.42% annually over 5 years — modest growth
Earnings declined -122.67% over the past year
Debt/Equity of 2.59 — high leverage
Generating 181.00 M in free cash flow
Revenue growth is decelerating — 1Y growth trails 5Y average by 21.49%
Capital efficient — spends only 3.49% of revenue on capex

Growth

Revenue Growth (5Y)
6.42%
Above sector avg (4.18%)
Revenue (1Y)-15.07%
Earnings (1Y)-122.67%
FCF Growth (3Y)-22.33%

Quality

Return on Equity
-3.92%
Below sector avg (7.86%)
ROIC3.16%
Net Margin-2.75%
Op. Margin12.67%

Safety

Debt / Equity
2.59
Above sector avg (0.99)
Current Ratio0.93
Interest Coverage0.83

Valuation

PE (TTM|2027)
-6.59 | 28.94
Below sector avg (3.70)
P/B Ratio0.26
EV/EBITDA9.50
Dividend YieldN/A

Price History

Financial Trends

Peer Comparison

vs Utilities sector median (448 peers)
Metric Stock Sector Median
P/E -6.6 3.7
P/B 0.3 1.6
ROE % -3.9 7.9
Net Margin % -2.8 6.8
Rev Growth 5Y % 6.4 4.2
D/E 2.6 1.0

Analyst Price Target

5 analysts
Buy
Current
$5.27
+38.5%
Target
$7.30
$4.00
$6.50
$12.00
Forecast
Forward P/E 31.00
Forward EPS $0.17
EPS Growth (est.) -94.9%
Est. Revenue 3.07 B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2027 $0.17
$0.17 – $0.17
 3.07 B 1
FY2026 $3.34
$3.34 – $3.34
 3.50 B 1

Earnings Surprises

Last 4 quarters
Quarter Est. EPS Actual EPS Surprise
Q42025 -$0.11 -$0.15 -32.7%
Q32025 -$0.33 -$0.20 +38.2%
Q22025 -$0.28 -$0.48 -76.2%
Q12025 -$0.48 -$0.24 +50.6%

ETFs Holding This Stock

PSCNX PSCNX
1.21% weight
PSCQX PSCQX
1.21% weight
WEMMX WEMMX
0.64% weight
WMMCX WMMCX
0.64% weight
WMMAX WMMAX
0.64% weight
WEIMX WEIMX
0.64% weight
TSVQX TSVQX
0.51% weight
TSVAX TSVAX
0.51% weight
TRACX TRACX
0.51% weight
TASVX TASVX
0.51% weight

All Fundamental Metrics
Growth
Revenue Growth (1Y) -15.07% Revenue Growth (3Y) -2.88%
Earnings Growth (1Y) -122.67% Earnings Growth (3Y) N/A
Revenue Growth (5Y) 6.42% Earnings Growth (5Y) N/A
Profitability
Revenue (TTM) 3.10 B Net Income (TTM) -85.00 M
ROE -3.92% ROA -0.82%
Gross Margin N/A Operating Margin 12.67%
Net Margin -2.75% Free Cash Flow (TTM) 181.00 M
ROIC 3.16% FCF Growth (3Y) -22.33%
Safety
Debt / Equity 2.59 Current Ratio 0.93
Interest Coverage 0.83 Asset Turnover 0.30
Working Capital -34.00 M Tangible Book Value -664.00 M
Dividends
Dividend Yield N/A Payout Ratio N/A
Dividend Growth (3Y) N/A Dividend Growth (5Y) N/A
Consecutive Div Years N/A
Valuation
P/E Ratio -6.59 Forward P/E N/A
P/B Ratio 0.26 P/S Ratio 0.18
PEG Ratio N/A Forward PEG N/A
EV/EBITDA 9.50 Fwd EV/EBITDA N/A
Forward P/S N/A Fwd Earnings Yield N/A
FCF Yield 32.29%
Market Cap 560.54 M Enterprise Value 5.98 B
Per Share
EPS (Diluted TTM) -1.41 Revenue / Share 27.17
FCF / Share 1.59 OCF / Share 2.54
EPS CAGR (1Y) -141.96% EPS CAGR (5Y) N/A
EPS CAGR (10Y) N/A
Efficiency
CapEx / Revenue 3.49% FCF Conversion -212.94%
SBC-Adj. FCF 159.00 M Growth Momentum -21.49

Income Statement

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 3.10 B 3.64 B 3.28 B 3.68 B 2.41 B
Net Income -85.00 M 375.00 M -76.00 M 455.00 M 90.00 M
EPS (Diluted) -1.41 3.36 -1.39 4.33 0.40
Gross Profit — — — — —
Operating Income 392.00 M 851.00 M 383.00 M 990.00 M 381.00 M
EBITDA — — — — —
R&D Expenses — — — — —
SG&A Expenses — — — — —
D&A 237.00 M 269.00 M 339.00 M 336.00 M 221.00 M
Interest Expense 474.00 M 485.00 M 440.00 M 354.00 M 205.00 M
Income Tax -28.00 M 117.00 M -6.00 M 159.00 M 78.00 M

Balance Sheet

Annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 10.44 B 10.54 B 10.64 B 11.15 B 11.11 B
Total Liabilities 7.64 B 7.61 B 8.02 B 8.39 B 8.70 B
Shareholders' Equity 2.16 B 2.28 B 1.97 B 2.12 B 1.76 B
Total Debt 5.70 B 5.60 B 6.20 B 6.50 B 6.80 B
Cash & Equivalents 368.00 M 135.00 M 21.00 M 61.00 M 189.00 M
Current Assets 656.00 M 541.00 M 468.00 M 857.00 M 963.00 M
Current Liabilities 516.00 M 527.00 M 395.00 M 409.00 M 384.00 M