Gray Media, Inc (GTN.A) stock
GTN.ANYSETelevision Broadcasting StationsFiscal year ends December 31Also trades as GTN
$6.74+1.53 (+29.37%)
Close on Oct 29, 2026Market cap $674.00MP/E –Yield 4.75%
Gray Media operating margin
Operating margin is operating income as a percentage of revenue.
Gray Media's operating margin for the twelve months ending Jun 30, 2026 was 13.8%. For fiscal 2025 it was 12.7%, against 23.4% the year before. The highest annual figure on record is 37.9% in fiscal 2012.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 12.7% | −10.7 |
| FY2024 | Dec 31, 2024 | 23.4% | +11.7 |
| FY2023 | Dec 31, 2023 | 11.7% | −15.3 |
| FY2022 | Dec 31, 2022 | 26.9% | +11.1 |
| FY2021 | Dec 31, 2021 | 15.8% | −15.8 |
| FY2020 | Dec 31, 2020 | 31.6% | +9.1 |
| FY2019 | Dec 31, 2019 | 22.5% | −13.4 |
| FY2018 | Dec 31, 2018 | 35.9% | +3.0 |
| FY2017 | Dec 31, 2017 | 32.8% | +4.0 |
| FY2016 | Dec 31, 2016 | 28.8% | +5.4 |
| FY2015 | Dec 31, 2015 | 23.4% | −6.8 |
| FY2014 | Dec 31, 2014 | 30.3% | +6.0 |
| FY2013 | Dec 31, 2013 | 24.2% | −13.7 |
| FY2012 | Dec 31, 2012 | 37.9% | +13.4 |
| FY2011 | Dec 31, 2011 | 24.5% | −6.4 |
| FY2010 | Dec 31, 2010 | 30.9% | +15.0 |
| FY2009 | Dec 31, 2009 | 15.9% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 16.2% | +5.6 |
| Q1 FY2026 | Mar 31, 2026 | 10.5% | −1.2 |
| Q4 FY2025 | Dec 31, 2025 | 14.6% | −16.5 |
| Q3 FY2025 | Sep 30, 2025 | 13.6% | −12.7 |
| Q2 FY2025 | Jun 30, 2025 | 10.6% | −7.8 |
| Q1 FY2025 | Mar 31, 2025 | 11.8% | −3.3 |
| Q4 FY2024 | Dec 31, 2024 | 31.1% | +18.0 |
| Q3 FY2024 | Sep 30, 2024 | 26.3% | +15.9 |
| Q2 FY2024 | Jun 30, 2024 | 18.4% | +3.8 |
| Q1 FY2024 | Mar 31, 2024 | 15.1% | +6.7 |
| Q4 FY2023 | Dec 31, 2023 | 13.1% | −20.8 |
| Q3 FY2023 | Sep 30, 2023 | 10.5% | −16.5 |
| Q2 FY2023 | Jun 30, 2023 | 14.6% | −10.5 |
| Q1 FY2023 | Mar 31, 2023 | 8.4% | −11.5 |
| Q4 FY2022 | Dec 31, 2022 | 33.9% | +19.3 |
| Q3 FY2022 | Sep 30, 2022 | 27.0% | +15.8 |
| Q2 FY2022 | Jun 30, 2022 | 25.1% | +5.4 |
| Q1 FY2022 | Mar 31, 2022 | 19.8% | +1.3 |
| Q4 FY2021 | Dec 31, 2021 | 14.6% | −29.8 |
| Q3 FY2021 | Sep 30, 2021 | 11.1% | −24.0 |
| Q2 FY2021 | Jun 30, 2021 | 19.7% | +5.3 |
| Q1 FY2021 | Mar 31, 2021 | 18.6% | −4.7 |
| Q4 FY2020 | Dec 31, 2020 | 44.3% | +13.2 |
| Q3 FY2020 | Sep 30, 2020 | 35.1% | +8.2 |
| Q2 FY2020 | Jun 30, 2020 | 14.4% | −9.0 |
| Q1 FY2020 | Mar 31, 2020 | 23.2% | +15.5 |
| Q4 FY2019 | Dec 31, 2019 | 31.1% | −14.8 |
| Q3 FY2019 | Sep 30, 2019 | 26.9% | −11.8 |
| Q2 FY2019 | Jun 30, 2019 | 23.4% | −8.6 |
| Q1 FY2019 | Mar 31, 2019 | 7.7% | −14.4 |
| Q4 FY2018 | Dec 31, 2018 | 45.9% | +22.4 |
| Q3 FY2018 | Sep 30, 2018 | 38.7% | +15.9 |
| Q2 FY2018 | Jun 30, 2018 | 32.0% | −30.8 |
| Q1 FY2018 | Mar 31, 2018 | 22.1% | +0.8 |
| Q4 FY2017 | Dec 31, 2017 | 23.5% | −11.8 |
| Q3 FY2017 | Sep 30, 2017 | 22.8% | −6.8 |
| Q2 FY2017 | Jun 30, 2017 | 62.8% | – |
| Q1 FY2017 | Mar 31, 2017 | 21.4% | – |
| Q4 FY2016 | Dec 31, 2016 | 35.3% | – |
| Q3 FY2016 | Sep 30, 2016 | 29.6% | – |