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.
Follow GTN
Gray Media Inc. (GTN) P/E ratio
Gray Media Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 81.3× (July 2024) — the current reading is the lowest in ten years.
P/E ratio, daily
Embed this chart
Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 0.9× | — |
| FY2023 | 0.0× | — |
| FY2022 | 2.5× | (94.99%) |
| FY2021 | 50.4× | 964.91% |
| FY2020 | 4.7× | (71.74%) |
| FY2019 | 16.8× | 172.73% |
| FY2018 | 6.1× | 28.35% |
| FY2017 | 4.8× | (61.68%) |
| FY2016 | 12.5× | (56.34%) |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 0.0× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 12.6× | 335.48% |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| GTN.A Gray Media Inc. compare | n/m |
| SSP E.W. Scripps Company (The) compare | n/m |
| IHRT iHeartMedia, Inc. compare | n/m |
| SGA Saga Communications, Inc. compare | n/m |
| FUBO fuboTV Inc. compare | n/m |
| GTN Gray Media Inc. | n/m |
| SBGI Sinclair, Inc. compare | 16.5× |
| NMAX Newsmax Inc. compare | 167× |
| CURI CuriosityStream Inc. compare | 261× |
| Communication Services sector median | 16.7× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)