GTN
Gray Television Inc
NYSE: GTN · COMMUNICATION SERVICES · BROADCASTING
$5.53
-3.99% today
Updated 2026-04-29
Market cap
$581.75M
P/E ratio
—
P/S ratio
0.19x
EPS (TTM)
$-1.41
Dividend yield
5.71%
52W range
$3 – $6
Volume
1.4M
Gray Television Inc (GTN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $332.14M | $307.29M | $327.18M | $270.37M | $346.06M | $307.13M | $404.83M | $346.30M | $508.13M | $597.36M | $812.47M | $882.73M | $1.08B | $2.12B | $2.38B | $2.41B | $3.68B | $3.28B | $3.64B | $3.10B |
| Revenue growth (YoY) | — | -7.5% | +6.5% | -17.4% | +28.0% | -11.2% | +31.8% | -14.5% | +46.7% | +17.6% | +36.0% | +8.6% | +22.8% | +95.7% | +12.2% | +1.3% | +52.3% | -10.7% | +11.1% | -15.1% |
| Cost of revenue | $191.50M | $199.69M | $199.57M | $187.58M | $196.35M | $194.20M | $212.29M | $217.41M | $285.99M | $374.18M | $475.13M | $557.12M | $596.40M | $1.40B | $1.39B | $1.61B | $2.25B | $2.38B | $2.40B | $104.00M |
| Gross profit | $140.63M | $107.60M | $127.60M | $82.79M | $149.71M | $112.94M | $192.54M | $128.89M | $222.14M | $223.17M | $337.33M | $325.61M | $487.73M | $723.00M | $989.00M | $803.00M | $1.43B | $898.00M | $1.24B | $2.99B |
| Gross margin | 42.3% | 35.0% | 39.0% | 30.6% | 43.3% | 36.8% | 47.6% | 37.2% | 43.7% | 37.4% | 41.5% | 36.9% | 45.0% | 34.1% | 41.5% | 33.3% | 38.8% | 27.4% | 34.1% | 96.6% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $15.10M | $15.09M | $14.10M | $14.17M | $13.54M | $14.17M | $15.93M | $19.81M | $29.20M | $34.34M | $40.35M | $31.54M | $40.91M | $104.00M | $65.00M | $88.00M | $102.00M | $112.00M | $104.00M | $113.00M |
| Operating income | $87.99M | $53.38M | $-258.89M | $43.08M | $106.96M | $75.35M | $153.44M | $83.88M | $153.77M | $140.06M | $234.14M | $291.23M | $388.77M | $478.00M | $752.00M | $381.00M | $990.00M | $383.00M | $851.00M | $392.00M |
| Operating margin | 26.5% | 17.4% | -79.1% | 15.9% | 30.9% | 24.5% | 37.9% | 24.2% | 30.3% | 23.4% | 28.8% | 33.0% | 35.9% | 22.5% | 31.6% | 15.8% | 26.9% | 11.7% | 23.4% | 12.7% |
| EBITDA | $124.85M | $70.88M | $-167.53M | $83.08M | $150.04M | $101.66M | $129.97M | $109.08M | $199.14M | $188.93M | $265.45M | $365.58M | $468.73M | $677.00M | $936.00M | $594.00M | $1.33B | $697.00M | $1.25B | $598.00M |
| EBITDA margin | 37.6% | 23.1% | -51.2% | 30.7% | 43.4% | 33.1% | 32.1% | 31.5% | 39.2% | 31.6% | 32.7% | 41.4% | 43.2% | 31.9% | 39.3% | 24.6% | 36.3% | 21.2% | 34.2% | 19.3% |
| EBIT | $70.73M | $14.09M | $-202.89M | $34.78M | $118.94M | $75.35M | $106.76M | $84.64M | $160.60M | $140.24M | $202.93M | $288.54M | $394.28M | $482.00M | $735.00M | $373.00M | $999.00M | $358.00M | $977.00M | $361.00M |
| Interest expense | $66.79M | $67.19M | $54.08M | $69.09M | $70.05M | $61.78M | $59.44M | $52.45M | $68.91M | $74.41M | $97.24M | $95.26M | $106.63M | $227.00M | $191.00M | $205.00M | $354.00M | $440.00M | $485.00M | $474.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $11.71M | $-23.15M | $-202.02M | $-23.05M | $23.16M | $9.04M | $28.13M | $18.29M | $48.06M | $39.30M | $62.27M | $261.95M | $210.80M | $179.00M | $410.00M | $90.00M | $455.00M | $-76.00M | $375.00M | $-85.00M |
| Net income growth (YoY) | — | -297.7% | -772.6% | +88.6% | +200.5% | -61.0% | +211.3% | -35.0% | +162.8% | -18.2% | +58.5% | +320.7% | -19.5% | -15.1% | +129.1% | -78.0% | +405.6% | -116.7% | +593.4% | -122.7% |
| Profit margin | 3.5% | -7.5% | -61.7% | -8.5% | 6.7% | 2.9% | 6.9% | 5.3% | 9.5% | 6.6% | 7.7% | 29.7% | 19.4% | 8.4% | 17.2% | 3.7% | 12.4% | -2.3% | 10.3% | -2.7% |