CuriosityStream Inc. (CURI) vs Gray Media Inc. (GTN)

CuriosityStream Inc. and Gray Media Inc. are both Broadcasting companies. Gray Media Inc. is the larger, with a market value of $479.3M against $185.1M — 2.6× the size. Gray Media Inc. has negative trailing earnings, so its P/E is not meaningful; CuriosityStream Inc. trades at 310×. CuriosityStream Inc. grew revenue faster over the last twelve months: 24.9% against −11.3%. CuriosityStream Inc. has the higher net margin (0.03% vs −1.84%) and the lower return on invested capital (−0.41% vs 3.25%). Across the 20 metrics below, CuriosityStream Inc. leads on 10 and Gray Media Inc. on 10.

Valuation

Metric CURI GTN Broadcasting median
P/E 310.00 n/m —
P/S 2.42 0.14 0.14
P/B 4.43 0.21 0.86
Price to free cash flow 34.66 3.07 6.42
EV/EBITDA 11.63 8.53 8.64
EV/Sales 2.32 1.93 1.31
Earnings yield 0.32% (14.78%) (16.05%)
Free cash flow yield 2.89% 32.53% 0.00%

Profitability

Metric CURI GTN Broadcasting median
Gross margin 62.96% 26.05% 40.36%
Operating margin (0.30%) 13.82% (12.31%)
Net margin 0.03% (1.84%) (8.55%)
Free cash flow margin 7.10% 4.64% (0.22%)
Return on equity 0.05% (2.69%) (5.70%)
Return on assets 0.03% (0.56%) (5.59%)
Return on invested capital (0.41%) 3.25% (0.41%)

Growth

Metric CURI GTN Broadcasting median
Revenue growth (TTM) 24.86% (11.30%) (11.30%)
EPS growth (last fiscal year) 54.17% (141.96%) —
Revenue growth, 5-year CAGR 0.11% 5.39% 1.91%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CURI GTN Broadcasting median
Debt to equity 0.00 2.13 0.46
Current ratio 0.78 0.95 1.41
Net debt to EBITDA (3.99) 7.66 3.66

Dividend

Metric CURI GTN Broadcasting median
Dividend yield — 4.14% 4.14%
Payout ratio 0.00 0.14 0.00

Size

Metric CURI GTN Broadcasting median
Market cap 185.13m 479.31m 185.13m

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