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Gray Television GTN Broadcasting — Cost of Goods Sold

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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$512.86M-0.7%
Enterprise value$6.22B+4.1%
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

Reported directly by Gray Television in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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

Filed
Aug 7, 2026, 12:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437749-26-026498
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Production companies26185545
Total revenue (less agency commissions)8397721,6071,554
Operating expenses before depreciation, amortization, impairment and loss (gain) on disposal of long-lived assets, net:
Broadcasting5695631,1241,140
Production companies22205040
Corporate and administrative37257657
Depreciation34326766
Amortization of intangible assets21285357

Item 1. Financial Statements

FAQ

What is Gray Television's broadcasting — cost of goods sold?
Gray Television (GTN) reported broadcasting — cost of goods sold of $569M in Q2 2026.
How has Gray Television's broadcasting — cost of goods sold changed year-over-year?
Gray Television's broadcasting — cost of goods sold increased by 1.1% year-over-year, from $563M to $569M.
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.

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