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Gray Television GTN Net debt / EBITDA

Net debt / EBITDA at other companies

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8.6×
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0.5×+0.3×
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24×
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1.6×-1.7×
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1.2×+0.3×
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Alphabet Inc.GOOGL

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

Calculated from Gray Television’s reported figures.

Based on the most recent quarter.

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 net debt / EBITDA?
Gray Television (GTN) reported net debt / EBITDA of 9× in Q1 2026.
How has Gray Television's net debt / EBITDA changed year-over-year?
Gray Television's net debt / EBITDA increased by 77.5% year-over-year, from 5× to 9×.
What is the long-term trend for Gray Television's net debt / EBITDA?
Over 5 years (2020 to 2025), Gray Television's net debt / EBITDA has grown at a 20.4% compound annual growth rate (CAGR), from 3.4× to 8.7×.
What does net debt / EBITDA mean?
Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.