Skip to content
Screener

Gray Television GTN Q4 2025 Annual earnings

Reported February 26, 2026 · Before market open

Revenue$792.0MBeat by $12.0M
EPS-$0.22Beat by $0.06
Revenue estimate$780.0M
EPS estimate-$0.28

Next report

Nov 6, 2026 (in 2 months)
Revenue estimate$951.9M
EPS estimate$0.81

Financials

Q4 2025

Income statement

See full
Revenue$792.0M-24.2%
Operating income$116.0M-64.3%
Net income-$10.0M-106%
EPS (diluted)-$0.22-114%

Balance sheet

See full
Cash & equivalents$368.0M+173%
Total debt$5.8B+2.1%
Total equity$2.2B-5.6%
Total assets$10.4B-1.0%

Cash flow

See full
Operating cash flow$112.0M-69.6%
CapEx$43.0M+7.5%
Free cash flow$69.0M-79.0%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$494.1M+57.4%
Enterprise value$5.94B+1.1%
P/S0.2×+0.1×

Profitability

See full
Operating margin12.7%-10.7pp
Net margin-2.7%-13.0pp
FCF margin6.2%-10.8pp

Returns & leverage

See full
Return on equity-3.8%-21.5pp
Debt / equity2.7×+0.2×
Current ratio1.3×+0.2×

Segments

By product

See full
Core Advertising$392.0M+3.2%
Retransmission Consent$335.0M-7.2%
Service Other$16.0M-5.9%
Political Advertising$12.0M-95.2%

By segment

See full
Broadcasting$755.0M-25.1%
Production Companies$37.0M0.0%
All Other Segments-—

FAQ

When did Gray Television report Q4 2025 earnings?
Gray Television (GTN) reported Q4 2025 earnings on February 26, 2026 before market open.
What were Gray Television's Q4 2025 revenue and EPS?
Gray Television reported revenue of $792.0M and eps of $-0.22 for Q4 2025.
Did Gray Television beat estimates in Q4 2025?
Revenue beat the consensus estimate of $780.0M by $12.0M. EPS beat the consensus estimate of $-0.28 by $0.06.
How did Gray Television's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 24.2% from $1.0B a year earlier.
Where can I find Gray Television's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001437749-26-005740) and the 10-K periodic report (0001437749-26-005803) directly on SEC EDGAR. The filing index links above go to sec.gov.