What is Gray Television's operating income?

Gray Television (GTN) reported operating income of $81M in Q1 2026.

How has Gray Television's operating income changed year-over-year?

Gray Television's operating income decreased by 12.0% year-over-year, from $92M to $81M.

What is the long-term trend for Gray Television's operating income?

Over 4 years (2021 to 2025), Gray Television's operating income has grown at a 0.7% compound annual growth rate (CAGR), from $381M to $392M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Gray Television GTN Operating Income

Operating Income at other companies

Nexstar Media Group, Inc.NXST

$265M+20.5%

Meta Platforms, Inc.META

$22.87B+30.3%

iHeartMedia, Inc.IHRT

$1.49M+106%

MGN

MagniteMGNI

$7.72M+666%

Versant Media Group, Inc. VSNT

$442M-11.4%

Alphabet Inc.GOOGL

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Segments

By segment

See full

Broadcasting$125M+2.5%

All Other Segments-$40M-25.0%

Production Companies-$4M-300%

Other financials

Income statement

See full

Revenue$768.0M-1.8%

Net income-$20.0M-122%

EPS (diluted)-$0.34-47.8%

Balance sheet

See full

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

See full

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

See full

Operating margin12.4%-10.4pp

Net margin-3.1%-10.8pp

FCF margin1.9%-17.6pp

Returns & leverage

See full

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:OperatingIncomeLoss.

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 operating income?: Gray Television (GTN) reported operating income of $81M in Q1 2026.
How has Gray Television's operating income changed year-over-year?: Gray Television's operating income decreased by 12.0% year-over-year, from $92M to $81M.
What is the long-term trend for Gray Television's operating income?: Over 4 years (2021 to 2025), Gray Television's operating income has grown at a 0.7% compound annual growth rate (CAGR), from $381M to $392M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.