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Gray Media, Inc (GTN) stock

GTNNYSETelevision Broadcasting StationsFiscal year ends December 31Also trades as GTN.A
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 11/3071% below fair value
$5.99+0.18 (+3.10%)

Close on Nov 13, 2026Market cap $615.69MP/E 19.9Yield 5.35%

Gray Media, Inc grew revenue 0.7% to $3.37B over the twelve months to Sep 30, 2026. Operating income fell 0.3% to $599.00M, moving the operating margin from 18.0% to 17.8%. Free cash flow was $256.00M, down 41.8% from a year earlier. At the latest close the market valued the company at $615.69M, 19.9 times its earnings.

Revenue
$3.37B
+0.7% vs. a year earlier
Operating income
$599.00M
-0.3% vs. a year earlier
Free cash flow
$256.00M
-41.8% vs. a year earlier
EPS, diluted
$0.30
-33.3% vs. a year earlier

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$615.69M
P/E ratio
19.9
Price to sales
0.18
Price to book
0.28
Dividend yield
5.35%
Free cash flow yield
41.58%

Fundamentals

Revenue
$3.37B
Net income
$62.00M
EPS, diluted
$0.30
Free cash flow
$256.00M
Book value per share
$21.89
Diluted shares
100M

Trading

Next earnings
Feb 25, 2027 (estimated, before the open)
Previous close
$5.81
Open
$5.90
Day's range
$5.84 – $6.01
Volume
1,410,908
Average volume (20 days)
1,250,602
Index membership
Russell 2000, Russell 3000
Beta (5 years)
0.90
52-week range
$3.55 – $6.43
RSI (14 days)
76.0
Volatility (1 year)
64.5%
Relative volume
1.27×
WACC
7.2%

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2010, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodGTNS&P 500DifferenceGTN per yearS&P 500 per year
1 month+33.1%-3.0%+36.1 pts
3 months+20.6%-2.8%+23.4 pts
Year to date+30.6%+11.5%+19.1 pts
1 year+32.6%+13.5%+19.1 pts
3 years+3.2%+77.7%−74.5 pts+1.1%+21.1%
5 years-66.4%+72.6%−139.0 pts-19.6%+11.5%
10 years-14.8%+308.2%−323.0 pts-1.6%+15.1%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$3.37B+0.7% YoY

Operating income

$599.00M-0.3% YoY

Net income

$62.00M-34.0% YoY

EPS, diluted

$0.30-33.3% YoY

Free cash flow

$256.00M-41.8% YoY
Reported periodTrailing twelve months

Press releases

Releases Gray Media filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Gray Media

Television Broadcasting Stations

Gray Media, Inc. is a multimedia enterprise that operates local television stations and digital media properties across the United States. The company broadcasts primary channels affiliated with major television networks, alongside independent and secondary digital channels. It also manages video production entities such as Raycom Sports, Tupelo Media Group, and PowerNation Studios, and operates studio production facilities including Assembly Atlanta and Third Rail Studios. Gray Media delivers marketing services to national and local clients through its digital agency, Gray Digital Media. Its principal revenue streams include broadcast and digital advertising as well as retransmission consent fees, serving advertisers primarily in the automotive and services industries, such as medical, financial, and legal businesses.

Company profile, executives and history

Gray Media stock: common questions

What is Gray Media's stock price?

GTN closed at $5.99 on Nov 13, 2026, up 3.10% on the day. Over the past 52 weeks it traded between $3.55 and $6.43.

What is Gray Media's market cap?

Gray Media was worth $615.69M at the close on Nov 13, 2026: the share price times the diluted shares outstanding.

What is GTN's P/E ratio?

GTN trades at 19.9 times earnings, based on diluted earnings per share of $0.30 over the twelve months to Sep 30, 2026.

How much revenue does Gray Media make?

Gray Media reported revenue of $3.37B for the twelve months to Sep 30, 2026, up 0.7% from a year earlier.

Does Gray Media pay a dividend?

Yes. Gray Media paid $0.32 per share over the last twelve months, a yield of 5.35% at the latest price.

When does Gray Media report earnings next?

Gray Media is expected to report Q4 FY2026 results on Feb 25, 2027, before the open. The date is estimated from its past reporting pattern until the company confirms it.

How has GTN stock performed over the past year?

Including dividends, GTN returned +32.6% over the past year, against +13.5% for the S&P 500.

Who are Gray Media's competitors?

Companies most similar to Gray Media by business, industry and size include SBGI, NXST, SSP, EVC, FWONA.

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