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Gray Television GTN Production Companies — Operating Income

Other segment segments

Broadcasting
$175M+53.5%
All Other Segments
-$37M-42.3%

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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$551.71M-0.7%
Enterprise value$6.26B+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:OperatingIncomeLoss.

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
As of and for the six-months ended June 30, 2026:BroadcastingProduction / CompaniesOtherConsolidated
Programming633-66
Depreciation and amortization108111120
Other segment items(2)2173643296
Segment operating income (loss)$300$(6)$(77)$217
Other income (expense):
Miscellaneous income, net8
Interest expense(234)
Gain on early extinguishment of debt-

Item 1. Financial Statements

FAQ

What is Gray Television's production companies — operating income?
Gray Television (GTN) reported production companies — operating income of -$2M in Q2 2026.
How has Gray Television's production companies — operating income changed year-over-year?
Gray Television's production companies — operating income increased by 66.7% year-over-year, from -$6M to -$2M.
What does production companies — operating income mean?
This measures the profitability of the production segment after deducting operating expenses from its revenue. It is the primary metric for evaluating the operational health and core business performance of the production division independent of corporate financing or tax structures.

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