What is Gray Television's goodwill?

Gray Television (GTN) reported goodwill of $2.65B in Q1 2026.

How has Gray Television's goodwill changed year-over-year?

Gray Television's goodwill increased by 0.3% year-over-year, from $2.64B to $2.65B.

What is the long-term trend for Gray Television's goodwill?

Over 5 years (2020 to 2025), Gray Television's goodwill has grown at a 12.6% compound annual growth rate (CAGR), from $1.46B to $2.64B.

What does goodwill mean?

The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

Gray Television GTN Goodwill

Goodwill at other companies

Nexstar Media Group, Inc.NXST

$5.05B+72.6%

Meta Platforms, Inc.META

$24.75B+19.8%

iHeartMedia, Inc.IHRT

$1.11B0.0%

MGN

MagniteMGNI

$983.9M+0.6%

Fox CorporationFOXA

$3.65B+0.2%

Alphabet Inc.GOOGL

——

Segments

By segment

See full

Broadcasting$2.62B+0.3%

Production Companies$28M0.0%

All Other Segments$0—

Other financials

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

See full

Market cap$367.8M-15.6%

Enterprise value$5.92B+0.2%

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×

Where this comes from

Reported directly by Gray Television in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

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 goodwill?: Gray Television (GTN) reported goodwill of $2.65B in Q1 2026.
How has Gray Television's goodwill changed year-over-year?: Gray Television's goodwill increased by 0.3% year-over-year, from $2.64B to $2.65B.
What is the long-term trend for Gray Television's goodwill?: Over 5 years (2020 to 2025), Gray Television's goodwill has grown at a 12.6% compound annual growth rate (CAGR), from $1.46B to $2.64B.
What does goodwill mean?: The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.