Stocks › GTN.A
Gray Television-A GTN.A
$5.70 −$0.25 (-4.20%)
Market closed · Nov 7, 9:10 am ET · Last extended-hours $5.70 0.00%
Open$7.88
Prev close$5.95
Day range$5.19 – $8.35
Volume19.3K
Market cap$587.01M
P/E (TTM)–
Dividend yield5.61%
Fundamentals
Latest reported quarter: Q2, ended Jun 2026
Revenue$839.00M+8.7% YoY
Operating profit$156.00M+50.0% YoY
Net profit$14.00M+125.0% YoY
Diluted EPS$0.21+129.6% YoY
Free cash flow$106.00M+1,666.7% YoY
Operating cash flow$123.00M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin26.0%
Operating margin14.4%
Net margin-1.8%
Return on equity-2.7%
Return on assets-0.6%
Return on invested capital2.8%
Current ratio0.95
Liabilities / assets73.9%
Cash & investments$176.00M
Total debt$5.88B
Net cash (debt)-$5.70B
Free cash flow / sales4.6%
Where the revenue comes from
Quarter 2026/Q1
By business line
Income statement
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $839.00M | $768.00M | $3.10B | $792.00M | $749.00M |
| Total Operating Revenue | $839.00M | $768.00M | $3.10B | $792.00M | $749.00M |
| Cost of Revenue | $591.00M | $583.00M | $2.33B | $590.00M | $564.00M |
| Gross Profit | $248.00M | $185.00M | $761.00M | $202.00M | $185.00M |
| Operating Expense | $92.00M | $104.00M | $350.00M | $86.00M | $84.00M |
| Selling and Admin Expenses | $37.00M | $39.00M | $113.00M | $28.00M | $28.00M |
| -General & Admin Expense | $37.00M | $39.00M | $113.00M | $28.00M | $28.00M |
| Depreciation & Amortization & Depletion | $55.00M | $65.00M | $237.00M | $58.00M | $56.00M |
| -Depreciation & Amortization | $55.00M | $65.00M | $237.00M | $58.00M | $56.00M |
| Operating Profit | $156.00M | $81.00M | $411.00M | $116.00M | $101.00M |
| Net Non-Operating Interest Income (Expense) | -$117.00M | -$117.00M | -$474.00M | -$119.00M | -$120.00M |
| Non-Operating Interest Expense | $117.00M | $117.00M | $474.00M | $119.00M | $120.00M |
| Other Income (Expense) | -$20.00M | $8.00M | -$50.00M | -$23.00M | -$9.00M |
| Special Income (Charges) | -$20.00M | $0.00 | -$49.00M | -$24.00M | -$6.00M |
| -Less:Impairment of Capital Assets | $0.00 | – | $30.00M | $2.00M | $0.00 |
| -Gain on Sale of Property/Plant/Equipment | -$20.00M | $0.00 | $11.00M | $2.00M | $1.00M |
| Pretax Profit | $19.00M | -$28.00M | -$113.00M | -$26.00M | -$28.00M |
| Tax | $5.00M | -$8.00M | -$28.00M | -$16.00M | -$18.00M |
| Net Profit | $14.00M | -$20.00M | -$85.00M | -$10.00M | -$10.00M |
| Profit from Continuing Operations | $14.00M | -$20.00M | -$85.00M | -$10.00M | -$10.00M |
| Net Income to Parent Company | $14.00M | -$20.00M | -$85.00M | -$10.00M | -$10.00M |
| Preferred Stock Dividends | -$7.00M | $13.00M | $52.00M | $13.00M | $13.00M |
| Net Income to Common Stockholders | $21.00M | -$33.00M | -$137.00M | -$23.00M | -$23.00M |
| Basic EPS | $0.21 | -$0.34 | -$1.41 | -$0.24 | -$0.24 |
| Diluted EPS | $0.21 | -$0.34 | -$1.41 | -$0.24 | -$0.24 |
| Dividend Per Share | $0.08 | $0.08 | $0.32 | $0.08 | $0.08 |
| Other Non-Operating Income (Expenses) | – | $8.00M | -$1.00M | $1.00M | -$3.00M |
| -Less:Other Special Charges | – | – | $10.00M | $4.00M | $7.00M |
| -Less:Write Off | – | – | $20.00M | – | – |
Balance sheet
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Total Assets | $10.44B | $10.32B | $10.44B | $10.44B | $10.32B |
| Total Current Assets | $492.00M | $523.00M | $656.00M | $656.00M | $485.00M |
| Cash and Cash Equivalents & Short-Term Investments | $176.00M | $259.00M | $368.00M | $368.00M | $182.00M |
| -Cash and Cash Equivalents | $176.00M | $259.00M | $368.00M | $368.00M | $182.00M |
| Receivables | $194.00M | $179.00M | $211.00M | $211.00M | $210.00M |
| -Accounts Receivable | $193.00M | $178.00M | $205.00M | $205.00M | $204.00M |
| -Taxes Receivable | $1.00M | $1.00M | $6.00M | $6.00M | $6.00M |
| Prepaid Assets | $83.00M | $43.00M | $35.00M | $35.00M | $40.00M |
| Other Current Assets | $39.00M | $42.00M | $42.00M | $42.00M | $53.00M |
| Total Non-Current Assets | $9.95B | $9.80B | $9.78B | $9.78B | $9.84B |
| Net PPE | $1.60B | $1.57B | $1.58B | $1.58B | $1.60B |
| -Gross PPE | $2.64B | $2.60B | $2.58B | $2.58B | $2.58B |
| -Accumulated Depreciation | -$1.05B | -$1.03B | -$1.00B | -$1.00B | -$981.00M |
| Investments and Advances | $32.00M | $32.00M | $37.00M | $37.00M | $56.00M |
| Goodwill and Other Intangible Assets | $8.27B | $8.15B | $8.11B | $8.11B | $8.13B |
| -Goodwill | $2.69B | $2.65B | $2.64B | $2.64B | $2.64B |
| -Other Intangible Assets | $5.57B | $5.50B | $5.47B | $5.47B | $5.49B |
| Non-Current Deferred Assets | $21.00M | $21.00M | $21.00M | $21.00M | $21.00M |
| Other Non-Current Assets | $29.00M | $28.00M | $43.00M | $43.00M | $27.00M |
| Total Liabilities | $7.71B | $7.56B | $7.64B | $7.64B | $7.51B |
| Total Current Liabilities | $517.00M | $437.00M | $516.00M | $516.00M | $519.00M |
| Payables | $161.00M | $150.00M | $165.00M | $165.00M | $41.00M |
| -Accounts Payable | $143.00M | $130.00M | $144.00M | $144.00M | $18.00M |
| -Total Tax Payable | $4.00M | $5.00M | $5.00M | $5.00M | $7.00M |
| -Dividends Payable | $14.00M | $15.00M | $16.00M | $16.00M | $16.00M |
| Current Accrued Expenses | $223.00M | $163.00M | $198.00M | $198.00M | $318.00M |
| Short-Term Debt and Capital Lease Obligation | $11.00M | $10.00M | $12.00M | $12.00M | $12.00M |
| -Current Capital Lease Obligation | $11.00M | $10.00M | $10.00M | $10.00M | $10.00M |
| Current Deferred Liabilities | $22.00M | $21.00M | $20.00M | $20.00M | $28.00M |
| Other Current Liabilities | $5.00M | $11.00M | $18.00M | $18.00M | $25.00M |
| Total Non-Current Liabilities | $7.19B | $7.12B | $7.12B | $7.12B | $6.99B |
| Long Term Debt and Capital Lease Obligation | $5.88B | $5.80B | $5.80B | $5.80B | $5.67B |
| -Long Term Debt | $5.81B | $5.75B | $5.74B | $5.74B | $5.61B |
| -Long Term Capital Lease Obligation | $68.00M | $57.00M | $59.00M | $59.00M | $61.00M |
| Non-Current Deferred Liabilities | $1.30B | $1.30B | $1.30B | $1.30B | $1.31B |
| Other Non-Current Liabilities | $17.00M | $16.00M | $18.00M | $18.00M | $15.00M |
| Total Equity | $2.73B | $2.76B | $2.81B | $2.81B | $2.81B |
| Stockholders' Equity | $2.73B | $2.76B | $2.81B | $2.81B | $2.81B |
| Capital Stock | $1.89B | $1.94B | $1.93B | $1.93B | $1.92B |
| -Common Stock | $1.29B | $1.29B | $1.28B | $1.28B | $1.27B |
| -Preferred Stock | $600.00M | $650.00M | $650.00M | $650.00M | $650.00M |
| Retained Earnings | $1.18B | $1.16B | $1.21B | $1.21B | $1.24B |
| Less: Treasury Stock | $332.00M | $332.00M | $323.00M | $323.00M | $323.00M |
| Gains/Losses Not Affecting Retained Earnings | -$4.00M | -$4.00M | -$4.00M | -$4.00M | -$28.00M |
| -Current Debt | – | – | $2.00M | $2.00M | $2.00M |
Cash flow
| Line item | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 | 2025 Q3 |
|---|---|---|---|---|---|
| Operating Cash Flow | $123.00M | $1.00M | $289.00M | $112.00M | $14.00M |
| Net cash flow from continuing operations | $123.00M | $1.00M | $289.00M | $112.00M | $14.00M |
| Net Income from Continuing Operations | $14.00M | -$20.00M | -$85.00M | -$10.00M | -$10.00M |
| Gain/Loss from Continuing Operations | $20.00M | -$8.00M | -$1.00M | $2.00M | $6.00M |
| Depreciation & Depletion & Amortization | $62.00M | $71.00M | $264.00M | $66.00M | $63.00M |
| Deferred Tax | -$1.00M | $0.00 | -$56.00M | -$19.00M | -$2.00M |
| Other Non-Cash Items | -$5.00M | -$2.00M | $4.00M | $1.00M | $2.00M |
| Change in Working Capital | $30.00M | -$48.00M | $91.00M | $45.00M | -$50.00M |
| -Change in Receivables | -$55.00M | $26.00M | $122.00M | $4.00M | -$2.00M |
| -Change in Payables and Accrued Expense | $73.00M | -$48.00M | -$9.00M | $38.00M | -$59.00M |
| -Change in Other Current Assets | -$1.00M | -$5.00M | -$6.00M | $3.00M | -$3.00M |
| -Change In Other Working Capital | $13.00M | -$21.00M | -$16.00M | $0.00 | $14.00M |
| Net cash flow from investing | -$213.00M | -$77.00M | -$63.00M | -$29.00M | -$20.00M |
| Net Cash Flow from Continuing Investing Activities | -$213.00M | -$77.00M | -$63.00M | -$29.00M | -$20.00M |
| Net PPE Purchase and Sale | -$17.00M | -$19.00M | -$108.00M | -$43.00M | -$25.00M |
| Net Business Purchase and Sale | -$196.00M | -$68.00M | -$8.00M | $0.00 | $0.00 |
| Net Investment Purchase and Sale | $0.00 | $10.00M | $24.00M | $0.00 | $2.00M |
| Financing Cash Flow | $7.00M | -$33.00M | $7.00M | $103.00M | -$11.00M |
| Net Cash Flow from Continuing Financing Activities | $7.00M | -$33.00M | $7.00M | $103.00M | -$11.00M |
| Net Issuance Payments Of Debt | $59.00M | -$2.00M | $123.00M | $126.00M | $35.00M |
| Cash Dividends Paid | -$22.00M | -$22.00M | -$85.00M | -$22.00M | -$21.00M |
| Net Other Financing Charges | $0.00 | -$9.00M | -$31.00M | -$1.00M | -$25.00M |
| Ending Cash Balance | $176.00M | $259.00M | $368.00M | $368.00M | $182.00M |
| Net Change in Cash | -$83.00M | -$109.00M | $233.00M | $186.00M | -$17.00M |
| Beginning Cash Balance | $259.00M | $368.00M | $135.00M | $182.00M | $199.00M |
| Free Cash Flow | $106.00M | -$18.00M | $181.00M | $69.00M | -$11.00M |
| Net Other Investing Changes | – | – | $29.00M | $14.00M | $3.00M |
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