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Gray Television GTN Debt-to-equity

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Other financials

Income statement

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Revenue$839.0M+8.7%
Operating income$136.0M+65.9%
Net income$14.0M+125%
EPS (diluted)$0.21+130%

Balance sheet

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Cash & equivalents$176.0M-11.6%
Total debt$5.9B+4.0%
Total equity$2.1B-2.4%
Total assets$10.4B+0.8%

Cash flow

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Operating cash flow$123.0M+297%
CapEx$17.0M-32.0%
Free cash flow$106.0M+1,667%

Valuation

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Market cap$551.71M+6.8%
Enterprise value$6.26B+4.7%
P/S0.2×0.0×

Profitability

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Operating margin13.8%-7.3pp
Net margin-0.8%-6.5pp
FCF margin5%-15.0pp

Returns & leverage

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Return on equity-1.2%-10.6pp
Current ratio+0.1×

Where this comes from

Calculated from Gray Television’s reported figures.

Based on the most recent quarter.

The source filing: Gray Television’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 12:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437749-26-026498

FAQ

What is Gray Television's debt-to-equity?
Gray Television (GTN) reported debt-to-equity of 2.8× in Q2 2026.
How has Gray Television's debt-to-equity changed year-over-year?
Gray Television's debt-to-equity increased by 6.5% year-over-year, from 2.6× to 2.8×.
What is the long-term trend for Gray Television's debt-to-equity?
Over 5 years (2020 to 2025), Gray Television's debt-to-equity has grown at a 3.2% compound annual growth rate (CAGR), from 2.3× to 2.7×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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