What is Gray Television's market cap?

Gray Television (GTN) has a market capitalization of $408.9M and trades on NYSE.

What is Gray Television's revenue and profitability?

Gray Television generated $3.1B in trailing twelve-month revenue with a net loss of $96.0M, representing a net margin of -3.1%, with free cash flow of $57.0M. These figures are based on the Q1 2026 filing.

Who are Gray Television's competitors?

Gray Television's key competitors include Nexstar Media Group, Sinclair, Inc., Alphabet Inc., and others. These companies compete in similar markets and product categories.

Who does Gray Television partner with?

Gray Television's notable partners include Nielsen, Comscore, Paramount Global, and others.

What subsidiaries does Gray Television have?

Gray Television's subsidiaries include Raycom Sports, Tupelo Media Group, PowerNation Studios, and others.

Where is Gray Television headquartered?

Gray Television is headquartered in United States of America and employs approximately 9,394 people. It has been publicly traded since 1996.

Gray Television

GTN and GTN.A

Gray Media, Inc. is a leading multimedia company and the largest owner of top-rated local television stations in the United States.

Market cap

$408.9M-15.1%

Revenue$3.1B-14.5%

Net income-$96.0M-135%

Free cash flow$57.0M-91.9%

EPS (diluted)-$1.51-165%

Trailing twelve months · change vs. prior year

Table of contents

Earnings

Q1 2026 report

May 7, 2026

Revenue$768.0MIn line EPS-$0.34Miss by $0.02

Read the full report

Next report

Aug 7, 2026 (In 1 week)

Revenue estimate$794.1M

EPS estimate-$0.08

Financials

Q1 2026

Income statement

See full

Revenue$768.0M-1.8%

Operating income$81.0M-12.0%

Net income-$20.0M-122%

EPS (diluted)-$0.34-47.8%

Balance sheet

See full

Cash & equivalents$259.0M+23.3%

Total debt$5.8B+2.3%

Total equity$2.1B-6.3%

Total assets$10.3B-1.1%

Cash flow

See full

Operating cash flow$1.0M-99.2%

CapEx$19.0M+26.7%

Free cash flow-$18.0M-115%

Valuation & ratios

Valuation

See full

Market cap$408.9M-15.1%

Enterprise value$5.96B+0.1%

P/S0.1×0.0×

Profitability

See full

Operating margin12.4%-10.4pp

Net margin-3.1%-10.8pp

FCF margin1.9%-17.6pp

Returns & leverage

See full

Return on equity-4.4%-17.3pp

Debt / equity2.8×+0.2×

Current ratio1.2×+0.3×

Segments

By product

See full

Advertising$382.0M+7.0%

Core Advertising$352.0M+2.3%

Retransmission Consent$339.0M-10.6%

Political Advertising$30.0M+131%

Service Other$18.0M-5.3%

By segment

See full

Broadcasting$739.0M-2.1%

Production Companies$29.0M+7.4%

All Other Segments-—

Competitors

By market cap

Alphabet Inc.$3.99T+70.7%

Meta Platforms, Inc.$1.51T-16.5%

Fox Corporation$23.8B-6.2%

PSK

Paramount Skydance Corporation Class B Common Stock$9.0B—

Nexstar Media Group, Inc.$5.7B-1.7%

NMA

Newsmax, Inc.$998.4M-44.6%

Sinclair, Inc.$973.5M-5.3%

Gray Television$408.9M-17.5%

By revenue growth

PSK

Paramount Skydance Corporation Class B Common Stock+65.4%

Meta Platforms, Inc.+27.7%

Alphabet Inc.+20.1%

Fox Corporation+0.6%

Nexstar Media Group, Inc.-4.6%

Gray Television-14.5%

By net margin

Alphabet Inc.54.77%+23.7pp

Meta Platforms, Inc.29.84%-10.2pp

Fox Corporation10.8%-1.0pp

Nexstar Media Group, Inc.10.04%-4.9pp

PSK

Paramount Skydance Corporation Class B Common Stock-1.25%-0.9pp

Gray Television-3.12%-10.8pp

Profile

Gray Media, Inc. is a leading multimedia company and the largest owner of top-rated local television stations in the United States. The company operates a vast portfolio of broadcast and digital assets, focusing on high-quality local news and information programming across over 100 markets. Its core value proposition lies in its market leadership, with a significant majority of its stations ranking first or second in their respective regions.

Competitive position

Gray Media is the nation's largest owner of top-rated local television stations, maintaining a dominant audience share in 114 markets. It holds a leading position in the Hispanic market through the largest Telemundo Affiliate group.

GeographiesUnited States

Customer segmentsAdvertisers, Multichannel Video Programming Distributors, Political Campaigns

Business modelAd-supported, Licensing, B2B Service

SuppliersBroadcast Networks, Syndicated Program Distributors, FCC Licensing, Equipment Manufacturers

CustomersCable System Operators, Direct Broadcast Satellite Operators, Local and National Advertisers, Streaming Service Providers

CountryUnited States of America

Listed1996

Employees9.4K

CEOHilton Hatchett Howell Jr.

SectorCommunication Services

IndustryBroadcasting

Websitegray.tv

FilingsSEC EDGAR

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Questions, answered.

What is Gray Television's market cap?: Gray Television (GTN) has a market capitalization of $408.9M and trades on NYSE.
What is Gray Television's revenue and profitability?: Gray Television generated $3.1B in trailing twelve-month revenue with a net loss of $96.0M, representing a net margin of -3.1%, with free cash flow of $57.0M. These figures are based on the Q1 2026 filing.
Who are Gray Television's competitors?: Gray Television's key competitors include Nexstar Media Group, Sinclair, Inc., Alphabet Inc., and others. These companies compete in similar markets and product categories.
Who does Gray Television partner with?: Gray Television's notable partners include Nielsen, Comscore, Paramount Global, and others.
What subsidiaries does Gray Television have?: Gray Television's subsidiaries include Raycom Sports, Tupelo Media Group, PowerNation Studios, and others.
Where is Gray Television headquartered?: Gray Television is headquartered in United States of America and employs approximately 9,394 people. It has been publicly traded since 1996.