What is Gray Television's net margin?

Gray Television (GTN) reported net margin of -3.1% in Q1 2026.

How has Gray Television's net margin changed year-over-year?

Gray Television's net margin decreased by 140.4% year-over-year, from 7.7% to -3.1%.

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

Over 5 years (2020 to 2025), Gray Television's net margin has grown at a -30.3% compound annual growth rate (CAGR), from 16.7% to -2.7%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Gray Television GTN Net margin

Net margin at other companies

Nexstar Media Group, Inc.NXST

10%-1.3pp

Meta Platforms, Inc.META

32.8%-6.3pp

iHeartMedia, Inc.IHRT

-7.3%-3.2pp

MGN

MagniteMGNI

22%+17.4pp

Fox CorporationFOXA

10.8%-1.0pp

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

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.

net income/total revenue=-3.1%

Based on trailing twelve months.

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 margin?: Gray Television (GTN) reported net margin of -3.1% in Q1 2026.
How has Gray Television's net margin changed year-over-year?: Gray Television's net margin decreased by 140.4% year-over-year, from 7.7% to -3.1%.
What is the long-term trend for Gray Television's net margin?: Over 5 years (2020 to 2025), Gray Television's net margin has grown at a -30.3% compound annual growth rate (CAGR), from 16.7% to -2.7%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.