Gray Media, Inc. (GTN)
NYSE · Television Broadcasting Stations · Transportation, communications and utilities · CIK 43196 · fiscal year ends in Dec
Closing price $4.48 on 30 Oct 2026; 52-week range $3.58 to $6.20.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $3.1B
- Revenue growth
- -11.3%
- Net income, last twelve months
- -$26.0M
- Earnings per share
- -$0.61
- Operating margin
- 13.8%
- Net margin
- -0.8%
- Free cash flow
- $146.0M
- Return on equity
- -1.2%
- Market value
- $461.4M
- Dividend yield
- 7.1%
- Cash
- $176.0M
- Debt
- $5.8B
- Debt to equity
- 2.73
- Shares outstanding
- 103.0M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $3.1B | $392.0M | -$85.0M | -$1.41 | $181.0M | 10-K filed 26 Feb 2026 |
| FY2024 | 31 Dec 2024 | $3.6B | $851.0M | $375.0M | $3.36 | $608.0M | 10-K filed 27 Feb 2025 |
| FY2023 | 31 Dec 2023 | $3.3B | $383.0M | -$76.0M | -$1.39 | $300.0M | 10-K filed 23 Feb 2024 |
| FY2022 | 31 Dec 2022 | $3.7B | $990.0M | $455.0M | $4.33 | $393.0M | 10-K filed 24 Feb 2023 |
| FY2021 | 31 Dec 2021 | $2.4B | $381.0M | $90.0M | $0.40 | $93.0M | 10-K filed 25 Feb 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $839.0M | $14.0M | $0.21 |
| Q1 FY2026 | 31 Mar 2026 | $768.0M | -$20.0M | -$0.34 |
| Q4 FY2025 | 31 Dec 2025 | $792.0M | -$10.0M | -$0.24 |
| Q3 FY2025 | 30 Sep 2025 | $749.0M | -$10.0M | -$0.24 |
| Q2 FY2025 | 30 Jun 2025 | $772.0M | -$56.0M | -$0.71 |
| Q1 FY2025 | 31 Mar 2025 | $782.0M | -$9.0M | -$0.23 |
| Q4 FY2024 | 31 Dec 2024 | $1.0B | $169.0M | $1.59 |
| Q3 FY2024 | 30 Sep 2024 | $950.0M | $96.0M | $0.86 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Broadcasting, Segment | $3.0B | 96.5% |
| Production Companies, Segment | $107.0M | 3.5% |
Company events
The newest 8-K filings of 304 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 9 Oct 2026 | 8-K | Material agreement, New debt, Other events | 1.01, 2.03, 8.01, 9.01 |
| 9 Oct 2026 | 8-K | Material agreement, New debt, Other events | 1.01, 2.03, 8.01, 9.01 |
| 28 Sep 2026 | 8-K | Results | 2.02, 9.01 |
| 21 Aug 2026 | 8-K | Material agreement, New debt, Other events | 1.01, 2.03, 8.01, 9.01 |
| 18 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 17 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 7 Aug 2026 | 8-K | Investor update | 7.01, 9.01 |
| 7 Aug 2026 | 8-K | Other events | 8.01, 9.01 |
| 7 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 21 Jul 2026 | 8-K | Other events | 8.01 |
| 1 Jul 2026 | 8-K | Material agreement, New debt, Investor update, Other events | 1.01, 2.03, 7.01, 8.01, 9.01 |
| 7 May 2026 | 8-K | Deal completed, Investor update | 2.01, 7.01, 9.01 |
Every filing
The newest filings with the SEC of 639 held.
| Filed | Form | Period |
|---|---|---|
| 9 Oct 2026 | 8-K | 9 Oct 2026 |
| 9 Oct 2026 | 8-K | 8 Oct 2026 |
| 28 Sep 2026 | 8-K | 28 Sep 2026 |
| 21 Aug 2026 | 8-K | 21 Aug 2026 |
| 18 Aug 2026 | 8-K | 17 Aug 2026 |
| 17 Aug 2026 | 8-K | 17 Aug 2026 |
| 7 Aug 2026 | 10-Q | 30 Jun 2026 |
| 7 Aug 2026 | 8-K | 7 Aug 2026 |
| 7 Aug 2026 | 8-K | 7 Aug 2026 |
| 7 Aug 2026 | 8-K | 7 Aug 2026 |
| 21 Jul 2026 | 8-K | 21 Jul 2026 |
| 16 Jul 2026 | 8-K/A | 1 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 19 May 2026 | Boger Richard Lee, Director | Sale outside a trading plan | 55,000 | $4.19 | $230.4K | 37,084 | 21 May 2026 |
| 19 May 2026 | Boger Richard Lee, Director | Sale outside a trading plan | 2,000 | $10.12 | $20.2K | 4,591 | 21 May 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 15 May 2026 | BOGER RICHARD LEE, Director | 55,000 | $227.2K | 15 May 2026 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 7 Aug 2026 | Miller Value Partners, LLC | 13G amended | 8.07% | 0 |
| 6 Jul 2026 | The Capital Management Corporation | 13G amended | 7.6% | 7.1M |
| 14 May 2026 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 13G amended | 4.13% | 0 |
| 4 May 2026 | Miller Value Partners, LLC | 13G | 5.779% | 5.4M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 12 Feb 2026 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 13G | 5.6% | 5.2M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 4.3M | +4.42% | 4.43 |
| 30 Sep 2026 | 4.1M | -14.01% | 3.86 |
| 15 Sep 2026 | 4.8M | -6.31% | 5.27 |
| 31 Aug 2026 | 5.1M | -10.46% | 5.32 |
| 14 Aug 2026 | 5.7M | +5.77% | 3.56 |
| 31 Jul 2026 | 5.4M | +0.15% | 5.05 |
| 15 Jul 2026 | 5.4M | -12.1% | 4.14 |
| 30 Jun 2026 | 6.1M | +4.13% | 3.84 |
Funds that hold it
From each fund's latest Form 13F.
211 funds held it at 30 Jun 2026: 68 added and 71 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Miller Value Partners, LLC | 7,243,390 | $28.8M | +1,873,290 |
| Capital Management Corp. | 7,070,669 | $28.1M | +873,151 |
| BlackRock, Inc. | 6,999,842 | $27.8M | +100,703 |
| Dimensional Fund Advisors LP | 4,662,924 | $18.5M | -614,969 |
| Retirement Systems of Alabama | 4,126,750 | $16.4M | 0 |
| Vanguard Capital Management LLC | 3,735,165 | $14.8M | +32,931 |
| Penn Capital Management Company, LLC | 3,503,974 | $13.9M | -112,236 |
| Goldman Sachs Group Inc. | 3,292,829 | $13.1M | +471,923 |
| Charles Schwab Investment Management Inc. | 3,052,792 | $12.1M | -1,242,356 |
| Geode Capital Management, LLC | 2,182,601 | $8.7M | +92,044 |
Peers
Companies in the same industry.
- Fox Corp. (FOXA): revenue $17.1B, market value $27.8B
- Fox Corp. (FOX): revenue $17.1B, market value $24.7B
- Skydance Corp. (SKYD): revenue $43.2B, market value $8.5B
- Skydance Corp. (PSKY): revenue $29.1B, market value $8.3B
- Nexstar Media Group, Inc. (NXST): revenue $5.9B, market value $5.3B
- Versant Media Group, Inc. (VSNT): revenue –, market value $4.4B
- Newsmax Inc. (NMAX): revenue $203.3M, market value $1.0B
- Sinclair, Inc. (SBGI): revenue $3.3B, market value $926.4M
- Entravision Communications Corp. (EVC): revenue $679.9M, market value $561.6M
- E.W. Scripps Co. (SSP): revenue $2.1B, market value $242.8M