15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $3.1B | -$85M | 0.0% | 12.7% | $181M | $5.7B | $368M |
| 2024 | $3.6B | $375M | 0.0% | 23.4% | $608M | $5.5B | $135M |
| 2023 | $3.3B | -$76M | 0.0% | 11.7% | $300M | $6.2B | $21M |
| 2022 | $3.7B | $455M | 0.0% | 26.9% | $393M | $6.5B | $61M |
| 2021 | $2.4B | $90M | 0.0% | 15.8% | $93M | $6.8B | $189M |
| 2020 | $2.4B | $410M | 0.0% | 31.6% | $542M | $4.0B | $773M |
| 2019 | $2.1B | $179M | 0.0% | 22.5% | $275M | $3.7B | $212M |
| 2018 | $1.1B | $211M | 0.0% | 35.9% | $253M | $2.5B | $667M |
| 2017 | $883M | $262M | 0.0% | 32.8% | $145M | $1.8B | $462M |
| 2016 | $812M | $62M | 0.0% | 28.8% | $166M | $1.8B | $325M |
| 2015 | — | $39M | — | — | $82M | $1.2B | $97M |
| 2014 | — | $48M | — | — | $102M | $1.2B | $31M |
| 2013 | — | $18M | — | — | $36M | $843M | $13M |
| 2012 | — | $28M | — | — | $65M | $833M | $11M |
| 2011 | — | $9M | — | — | $14M | $832M | $5M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $768M | -$20M | 0.0% | 10.5% | -$18M | $5.7B | $259M |
| Dec '25 | $792M | -$10M | 0.0% | 14.6% | $69M | $5.7B | $368M |
| Sep '25 | $749M | -$10M | 0.0% | 13.6% | -$11M | $5.6B | $182M |
| Jun '25 | $772M | -$56M | 0.0% | 10.6% | $6M | $5.6B | $199M |
| Mar '25 | $782M | -$9M | 0.0% | 11.8% | $117M | $5.6B | $210M |
| Dec '24 | $1.0B | $169M | 0.0% | 31.1% | $328M | $5.5B | $135M |
| Sep '24 | $950M | $96M | 0.0% | 26.3% | $257M | $5.9B | $69M |
| Jun '24 | $826M | $22M | 0.0% | 18.4% | -$11M | $6.1B | $75M |
| Mar '24 | $823M | $88M | 0.0% | 15.1% | $34M | $6.2B | $134M |
| Dec '23 | $864M | -$9M | 0.0% | 13.1% | $23M | $6.2B | $21M |
| Sep '23 | $803M | -$40M | 0.0% | 10.5% | $31M | $6.2B | $21M |
| Jun '23 | $813M | $4M | 0.0% | 14.6% | -$56M | $6.2B | $36M |
| Mar '23 | $801M | -$31M | 0.0% | 8.4% | $302M | $6.2B | $56M |
| Dec '22 | $1.1B | $186M | 0.0% | 33.9% | $95M | $6.5B | $61M |
| Sep '22 | $909M | $108M | 0.0% | 27.0% | $127M | $6.6B | $144M |
| Jun '22 | $868M | $99M | 0.0% | 25.1% | $77M | $6.7B | $162M |
| Mar '22 | $827M | $62M | 0.0% | 19.8% | $94M | $6.8B | $247M |
| Dec '21 | $721M | $29M | 0.0% | 14.6% | -$36M | $6.8B | $189M |
| Sep '21 | $601M | -$17M | 0.0% | 11.1% | $12M | $4.0B | $322M |
| Jun '21 | $547M | $39M | 0.0% | 19.7% | -$17M | $4.0B | $785M |
How the market has priced GTN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, GRAY MEDIA, INC's revenue has grown 5.4% per year. These are computed facts, not advice.
As of FY2025, GRAY MEDIA, INC reported $5.7B of total debt against $368M of cash.
In FY2025, gross margin was —, operating margin 12.7%, and net margin -2.7%.
As of Jun '26, GRAY MEDIA, INC traded at a price-to-earnings ratio of about 1.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.