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Gray Television GTN Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Operating margin12.4%-0.3pp12.7%-5.3pp18%-3.2pp21.1%-1.6pp22.7%-0.6pp
Net margin-3.1%-0.4pp-2.7%-5.6pp2.8%-2.8pp5.6%-2.1pp7.7%-2.6pp
EBITDA margin20.1%-0.2pp20.3%-5.0pp25.3%-3.0pp28.3%-1.7pp30.1%-0.6pp
Free cash flow margin1.9%-4.4pp6.2%-7.3pp13.5%-6.5pp19.9%+0.5pp19.5%+2.5pp
Returns
Return on equity-4.4%-0.6pp-3.8%-8.2pp4.4%-5.1pp9.4%-3.5pp12.9%-4.7pp
Return on assets-0.9%-0.1pp-0.8%-1.7pp0.9%-1.0pp1.9%-0.7pp2.6%-0.9pp
Return on invested capital5%-0.1pp5.1%-0.5pp5.6%-1.1pp6.6%-1.6pp8.2%+0.1pp
Efficiency
Asset turnover0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×0.3×0.0×
Liquidity
Current ratio1.2×-0.1×1.3×+0.3×0.9×+0.1×0.9×0.0×0.9×-0.1×
Quick ratio1.2×-0.1×1.3×+0.3×0.9×+0.1×0.9×0.0×0.9×-0.1×
Cash ratio0.6×-0.1×0.7×+0.4×0.4×0.0×0.4×0.0×0.4×+0.1×
Leverage
Debt-to-equity2.8×+0.1×2.7×+0.1×2.6×0.0×2.6×+0.1×2.5×0.0×
Debt-to-assets0.6×0.0×0.6×0.0×0.6×0.0×0.5×0.0×0.5×0.0×
Net debt / EBITDA9×+0.3×8.7×+2.2×6.5×+1.1×5.4×+0.4×5×+0.1×
Interest coverage0.8×0.0×0.8×-0.4×1.3×-0.3×1.5×-0.1×1.7×-0.1×
Per Share
Book value per share$21.78-1.9%$22.22-0.1%$22.25-1.1%$22.48-4.2%$23.48-1.3%
Valuation
Market capitalization$367.8M-15.6%$494.1M-16.3%$590.06M+26.6%$466.21M+5.9%$440.1M+40.2%
Enterprise value$5.92B+0.2%$5.94B-2.5%$6.09B+2.7%$5.93B+0.3%$5.91B+0.7%
Price / sales0.1×0.0×0.2×0.0×0.2×0.0×0.1×0.0×0.1×0.0×
Price / book0.2×0.0×0.2×0.0×0.3×+0.1×0.2×0.0×0.2×+0.1×
EV / EBITDA9.6×+4.1×9.4×+2.3×7.2×+1.3×5.9×+0.4×5.5×+0.2×
EV / sales1.9×+0.3×1.9×+0.1×1.8×+0.1×1.7×0.0×1.6×0.0×
Free cash flow yield15.5%-146pp38.9%-37.6pp76.4%-75.4pp151.9%-7.6pp159.5%-37.7pp
Earnings yield-26.1%-89.9pp-17.2%-33.1pp15.9%-27.0pp42.9%-20.3pp63.2%-56.3pp
Dividend yield9.2%+1.9pp6.7%+1.3pp5.4%-1.4pp6.9%-0.4pp7.3%-2.9pp

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Questions, answered.

Where do Gray Television's ratios come from?
Every ratio is computed from Gray Television's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.