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MARKETS / NYSE / GTN
NYSE · TELEVISION BROADCASTING STATIONS · MID CAP

Gray Media, Inc. GTN

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$3.1B
▼ 15.1% YoY
$-85.0M
▼ 122.7% YoY
$181.0M
▼ 70.2% YoY
Growth
USD 3.1B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 3.1 · Net income -0.1
2B200920112013201520172019202120232025
Compound annual growth
−5.6%
+5.4%
+17.9%
+15.7%
+0.0%
−25.6%
−15.1%
+5.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.4% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 12.7% · Net -2.7%
10%20%30%-5%200920112013201520172019202120232025
ROE
FY2025 · ROE -3.8%
10%20%30%-10%-20%200920112013201520172019202120232025

Each USD of equity lost 4 cents this year.

Cash & shareholders
USD 33.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 181.0
250.0M500.0M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 33.0 · Net buybacks —
40M-80M-160MDividendsNet buybacks20102014201620182020202220242025

USD 33.0M in dividends went back to shareholders in a year without profit.

Total assetsUSD 10.4B
EquityUSD 2.2B
CashUSD 368.0M
Gross debtUSD 5.7B
Net debtUSD 5.4B
Current ratio1.27×

Net debt stands at 249% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B3.13.63.33.72.42.42.11.10.90.80.60.50.30.40.30.30.3
Operating income $B0.40.90.41.00.40.80.50.40.30.20.10.20.10.20.10.10.0
EBITDA $B0.51.00.51.10.50.80.60.40.30.30.20.20.10.20.10.10.1
Income tax $B−0.00.1−0.00.20.10.10.10.1−0.10.00.00.00.00.00.00.0−0.0
Net income $B−0.10.4−0.10.50.10.40.20.20.30.10.00.00.00.00.00.0−0.0
Free cash flow $B0.20.60.30.40.10.50.30.30.10.20.10.10.00.10.00.00.0
EPS, diluted $−1.413.36−1.394.330.403.691.272.373.550.860.570.820.320.420.030.16−0.83
Dividend / sh $0.320.320.320.320.320.000.000.000.000.000.000.000.000.00···
Payout %−399−3973400·0000··7364·
ROE %−3.817.6−3.723.55.125.513.519.335.213.512.224.611.521.17.220.8−24.6
Shares out B····0.090.010.010.010.010.01·······

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 10 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTelevision Broadcasting Stations
Listed onNYSE
Incorporated inGeorgia
Fiscal year endsDecember 31
Data on record since2009

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