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Gray Television GTN Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Operating margin12.7%-10.7pp23.4%+11.7pp11.7%-15.3pp26.9%+11.1pp
Net margin-2.7%-13.0pp10.3%+12.6pp-2.3%-14.7pp12.4%+8.6pp
Returns
Return on equity-3.8%-21.5pp17.6%+21.3pp-3.7%-27.2pp23.5%+18.4pp
Return on invested capital5.1%-3.0pp8.1%+3.5pp4.6%-4.1pp8.6%+5.6pp
Efficiency
Asset turnover0.3×0.0×0.3×0.0×0.3×0.0×0.3×+0.1×
Liquidity
Current ratio1.3×+0.2×-0.2×1.2×-0.9×2.1×-0.4×
Leverage
Debt-to-equity2.7×+0.2×2.5×-0.7×3.2×+0.1×3.1×-0.8×
Net debt / EBITDA8.7×+3.7×-3.7×8.6×+3.7×4.9×-6.1×
Per Share
Book value per share$22.22-6.6%$23.78+11.0%$21.42-5.8%$22.75+23.0%
Valuation
Market capitalization$367.8M-15.6%$313.95M-63.3%$855.28M-17.9%$1.04B-46.1%
Price / sales0.1×0.0×0.1×-0.2×0.3×0.0×0.3×-0.5×
Price / book0.2×0.0×0.1×-0.3×0.4×-0.1×0.5×-0.6×
EV / EBITDA9.6×+4.1×5.2×-4.6×9.8×+4.1×5.7×-8.6×
Dividend yield9.2%+1.9pp10.2%+6.7pp3.5%+0.6pp2.9%+1.3pp

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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.