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Gray Television GTN Broadcasting — Cost of Goods Sold

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$28M+40.0%

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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
FCF margin1.9%-17.6pp

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

Reported directly by Gray Television in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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 broadcasting — cost of goods sold?
Gray Television (GTN) reported broadcasting — cost of goods sold of $555M in Q1 2026.
How has Gray Television's broadcasting — cost of goods sold changed year-over-year?
Gray Television's broadcasting — cost of goods sold decreased by 3.8% year-over-year, from $577M to $555M.
What is the long-term trend for Gray Television's broadcasting — cost of goods sold?
Over 4 years (2021 to 2025), Gray Television's broadcasting — cost of goods sold has grown at a 9.7% compound annual growth rate (CAGR), from $1.55B to $2.24B.
What does broadcasting — cost of goods sold mean?
Reflects the direct costs associated with producing and delivering broadcast content, including technical operations and programming delivery expenses. This metric is essential for evaluating the direct cost structure of the broadcasting segment. Monitoring this helps assess the efficiency of content delivery and the impact of operational scale on margins.