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Gray Television GTN Free cash flow

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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%

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
Debt / equity2.8×+0.2×
Current ratio+0.1×

Where this comes from

Calculated from Gray Television’s reported figures.

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 free cash flow?
Gray Television (GTN) reported free cash flow of $106M in Q2 2026.
How has Gray Television's free cash flow changed year-over-year?
Gray Television's free cash flow increased by 1666.7% year-over-year, from $6M to $106M.
What is the long-term trend for Gray Television's free cash flow?
Over 2 years (2022 to 2025), Gray Television's free cash flow has grown at a -30.1% compound annual growth rate (CAGR), from $393M to $192M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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