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Gray Television GTN Free cash flow margin

Free cash flow margin at other companies

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-0.6%
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Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$768.0M-1.8%
Operating income$81.0M-12.0%
Net income-$20.0M-122%
EPS (diluted)-$0.34-47.8%

Balance sheet

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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

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Operating cash flow$1.0M-99.2%
CapEx$19.0M+26.7%
Free cash flow-$18.0M-115%

Valuation

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Market cap$367.8M-15.6%
Enterprise value$5.92B+0.2%
P/S0.1×0.0×

Profitability

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Operating margin12.4%-10.4pp
Net margin-3.1%-10.8pp

Returns & leverage

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Return on equity-4.4%-17.3pp
Debt / equity2.8×+0.2×
Current ratio1.2×+0.3×

Where this comes from

Calculated from Gray Television’s reported figures.

Based on trailing twelve months.

The official record: Gray Television’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Gray Television's free cash flow margin?
Gray Television (GTN) reported free cash flow margin of 1.9% in Q1 2026.
How has Gray Television's free cash flow margin changed year-over-year?
Gray Television's free cash flow margin decreased by 90.5% year-over-year, from 19.5% to 1.9%.
What is the long-term trend for Gray Television's free cash flow margin?
Over 3 years (2020 to 2025), Gray Television's free cash flow margin has grown at a -35.2% compound annual growth rate (CAGR), from 22.8% to 6.2%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.