Saturday 17 October 2026
Export GTN’s income statement to Excel — free account
Gray Media Inc.
GTN Communication Services Broadcasting
Gray Media Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, down 15.1% from fiscal 2024. In the quarter to June 2026, revenue grew 8.68%, EPS grew 120.1%, free cash flow grew 2,750.0% and total debt rose 3.90%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
4.38
0.08
−1.79%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | 7 | 4 | 8 | 4 | 8 | 5 | 5 | 5 | 7 |
P/E ratio |
0.00 | 0.93 | 0.00 | 2.52 | 50.40 | 4.73 | 16.75 | 6.14 | 4.79 | 12.49 |
Altman Z-Score |
0.63 | 0.82 | 0.64 | 0.90 | 0.63 | 1.16 | 0.97 | 1.15 | 1.15 | 0.90 |
P/S ratio |
0.15 | 0.08 | 0.26 | 0.28 | 0.79 | 0.72 | 1.00 | 1.20 | 1.38 | 0.97 |
P/FCF ratio |
2.59 | 0.49 | 2.75 | 2.59 | 3.38 | 3.17 | 4.02 | 4.95 | 8.41 | 4.43 |
Altman Z″-Score (non-manufacturers) |
1.10 | 1.38 | 0.96 | 1.57 | 1.12 | 2.41 | 1.55 | 2.45 | 2.30 | 1.60 |
P/Operating CF |
4.19 | 0.81 | 10.12 | 4.37 | 112.66 | 10.47 | 16.33 | 9.47 | 18.57 | 7.38 |
Beneish M-Score |
(2.90) | (2.71) | (3.06) | (2.45) | (2.25) | (2.60) | (1.44) | (2.62) | (2.08) | (2.60) |
Dividend Safety Score |
37 | — | — | — | — | — | — | — | — | — |
P/B ratio |
0.22 | 0.13 | 0.43 | 0.48 | 1.09 | 0.98 | 1.45 | 1.09 | 1.23 | 1.60 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
1.89 | 1.59 | 2.13 | 2.02 | 3.51 | 2.07 | 2.65 | 2.97 | 2.94 | 2.74 |
EV/EBITDA |
8.33 | 4.97 | 8.57 | 5.25 | 12.75 | 4.84 | 7.60 | 6.48 | 6.47 | 6.84 |
EV/Operating CF |
20.23 | 7.70 | 10.77 | 8.94 | 28.27 | 7.55 | 14.58 | 9.96 | 14.41 | 10.58 |
EV/FCF |
32.30 | 9.52 | 22.81 | 18.86 | 14.98 | 9.09 | 10.63 | 12.28 | 17.89 | 12.51 |
Quick Ratio |
1.12 | 0.91 | 0.97 | 1.79 | 2.17 | 4.78 | 2.53 | 5.67 | 4.83 | 3.95 |
Current Ratio |
1.27 | 1.03 | 1.18 | 2.10 | 2.51 | 5.11 | 2.73 | 5.82 | 5.08 | 4.23 |
Net Debt/EBITDA |
7.66 | 4.72 | 7.54 | 4.53 | 9.87 | 3.15 | 4.72 | 3.79 | 3.43 | 4.40 |
Debt/Assets |
55.02% | 53.32% | 57.89% | 57.88% | 60.81% | 52.09% | 53.11% | 60.50% | 56.35% | 63.82% |
Debt/Equity |
2.05 | 1.92 | 2.35 | 2.33 | 2.81 | 1.66 | 1.75 | 2.15 | 1.85 | 3.56 |
Asset Turnover |
0.30 | 0.34 | 0.30 | 0.33 | 0.26 | 0.33 | 0.38 | 0.29 | 0.29 | 0.33 |
Operating CF/Net income |
(2.11) | 2.33 | (5.06) | 2.06 | 7.89 | 1.82 | 3.03 | 1.53 | 0.69 | 3.37 |
Capex/Depreciation |
(0.35) | (0.46) | (0.79) | (1.04) | 0.94 | (0.41) | 0.55 | (0.57) | (0.32) | (0.36) |
Interest Coverage |
0.83 | 1.75 | 0.87 | 2.80 | 1.86 | 3.94 | 2.11 | 3.64 | 3.05 | 2.41 |
| (6.17%) | 15.19% | (6.26%) | 20.81% | 2.17% | 22.26% | 9.58% | 19.36% | 35.27% | 13.51% | |
| (1.31%) | 3.05% | (1.17%) | 3.62% | 0.41% | 4.90% | 2.27% | 5.65% | 8.71% | 2.55% | |
ROIC |
2.99% | 6.32% | 2.73% | 6.75% | 2.65% | 8.38% | 5.33% | 7.92% | 7.65% | 7.61% |
Return on Tangible Assets |
(8.31%) | 20.30% | (7.65%) | 21.06% | 2.18% | 20.04% | 11.03% | 19.43% | 29.57% | 8.74% |
Average Days of Receivables |
24.88 | 34.36 | 40.38 | 66.72 | 97.57 | 68.37 | 70.70 | 61.96 | 70.78 | 65.95 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
3.65% | 2.85% | 3.41% | 2.83% | 6.59% | 2.73% | 4.90% | 3.78% | 3.62% | 4.96% |
Intangible Assets out of Total Assets |
0.78 | 0.78 | 0.79 | 0.77 | 0.79 | 0.71 | 0.79 | 0.52 | 0.68 | 0.68 |
Share Based Compensation of Revenue |
0.71% | 0.60% | 0.91% | 0.24% | 0.33% | 0.25% | 0.19% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(14.87) | (23.62) | (8.99) | (7.39) | (4.04) | (2.29) | (1.97) | (1.66) | (1.31) | (2.23) |
Graham Number |
0.00 | 42.88 | 0.00 | 47.66 | 12.90 | 39.41 | 20.64 | 26.99 | 32.68 | 11.63 |
Earnings Yield |
(29.34%) | 107.94% | (15.22%) | 39.62% | 1.98% | 21.13% | 5.97% | 16.28% | 20.90% | 8.01% |
Free Cash Flow Yield |
38.55% | 203.17% | 36.43% | 38.55% | 29.55% | 31.56% | 24.88% | 20.20% | 11.89% | 22.58% |
Revenue per Share |
31.91 | 38.36 | 35.66 | 39.96 | 25.40 | 24.80 | 21.43 | 12.32 | 12.10 | 11.31 |
Operating CF per Share |
2.98 | 7.91 | 7.04 | 9.01 | 3.16 | 6.79 | 3.89 | 3.67 | 2.47 | 2.92 |
Capex per Share |
(1.11) | (1.51) | (3.72) | (4.74) | 2.80 | (1.15) | 1.44 | (0.69) | (0.48) | (0.45) |
Free Cash Flow per Share |
1.87 | 6.40 | 3.33 | 4.27 | 5.96 | 5.65 | 5.33 | 2.98 | 1.99 | 2.47 |
Cash per Share |
3.79 | 1.42 | 0.23 | 0.66 | 1.99 | 8.05 | 2.14 | 7.58 | 6.33 | 4.53 |
Shareholders Equity per Share |
28.92 | 30.87 | 28.49 | 30.07 | 25.34 | 25.03 | 21.35 | 13.49 | 13.60 | 6.86 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
28.92 | 30.87 | 28.49 | 30.07 | 25.34 | 25.03 | 21.35 | 13.49 | 13.60 | 6.86 |
Free Cash Flow |
181.00 | 608.00 | 306.00 | 393.00 | 566.00 | 542.00 | 528.00 | 262.00 | 145.00 | 177.68 |
Working Capital |
140.00 | 14.00 | 73.00 | 448.00 | 579.00 | 1,049.00 | 426.00 | 723.00 | 535.45 | 386.08 |
Capital Expenditures |
(108.00) | (143.00) | (342.00) | (436.00) | 266.00 | (110.00) | 143.00 | (61.00) | (35.00) | (32.40) |
Net Current Asset Value |
(6,979.00) | (7,068.00) | (7,551.00) | (7,529.00) | (7,738.00) | (3,936.00) | (4,186.00) | (2,153.00) | (1,601.20) | (1,754.16) |
EV/EBIT |
14.91 | 6.80 | 18.22 | 7.49 | 22.26 | 6.55 | 11.74 | 8.27 | 8.95 | 9.49 |
Capex to Sales |
0.03 | 0.04 | 0.10 | 0.12 | (0.11) | 0.05 | (0.07) | 0.06 | 0.04 | 0.04 |
Price to Operating Income |
1.20 | 0.35 | 2.19 | 1.03 | 5.03 | 2.28 | 4.44 | 3.33 | 4.20 | 3.36 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.21 | 0.20 | 0.27 | 0.29 | 0.24 | 0.36 | 0.36 | 0.29 | 0.32 | 0.28 |
Cash ROIC |
2.03% | 7.00% | 3.48% | 4.23% | 6.05% | 7.57% | 8.76% | 5.95% | 4.40% | 6.90% |
Accounts Receivable Turnover |
11.17 | 10.32 | 6.34 | 5.58 | 4.42 | 5.56 | 7.13 | 6.10 | 5.55 | 6.06 |
Accounts Payable Turnover |
15.66 | 27.12 | 61.10 | 39.44 | 46.67 | 132.57 | 147.26 | 75.25 | 85.21 | 97.05 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 72.52 | 54.58 | 56.82 | 69.95 | 39.73 | 38.48 | 32.76 |
Average Days of Payables |
22.52 | 23.42 | 3.52 | 8.93 | 13.38 | 2.62 | 2.87 | 4.90 | 5.13 | 4.04 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
277.00 | 353.00 | 517.50 | 658.50 | 545.50 | 428.50 | 297.50 | 177.62 | 159.02 | 134.14 |
Average Payables |
149.00 | 88.50 | 39.00 | 57.00 | 34.50 | 10.50 | 9.50 | 7.92 | 6.55 | 4.89 |
Average Inventory |
— | — | — | 31.00 | 29.50 | 24.50 | 20.00 | 15.00 | 14.50 | 14.50 |
Average Assets |
10,491.00 | 10,591.00 | 10,896.00 | 11,130.00 | 9,375.50 | 7,307.50 | 5,592.50 | 3,736.93 | 3,006.68 | 2,440.11 |
Average Common Equity |
2,219.00 | 2,127.00 | 2,043.50 | 1,936.50 | 1,755.00 | 1,608.50 | 1,325.50 | 1,089.95 | 742.88 | 461.07 |
Columns are period end dates