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Earnings transcript
Read the complete earnings call transcript.
GTN
Gray Media, Inc.
$4.92
-0.1
(-1.99%)
| Exchange: | NYSE |
| Market Cap: | 480.498M |
| Shares Outstanding: | 11.034M |
Delayed data
About The Company
| Sector: | Communication Services | |||||
| Industry: | Broadcasting | |||||
| CEO: | Hilton Hatchett Howell Jr. | |||||
| Full Time Employees: | 9374 | |||||
| Address: |
| |||||
| Website: | https://graymedia.com |
Gray Media, Inc. is a leading television broadcasting entity that manages an extensive portfolio of TV stations and digital assets throughout the United States, reaching 113 distinct television markets. In addition to its primary channels, the company transmits a diverse range of secondary digital networks, including affiliations with major broadcasters like ABC, CBS, NBC, and FOX. Its specialized digital offerings also encompass networks such as CW Plus, MY Network, MeTV, Justice, This TV, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network. The company further provides localized news and weather channels and offers video program production services. Founded in 1891, Gray Media, Inc. is based in Atlanta, Georgia, and was formerly known as Gray Communications Systems, Inc. before being rebranded as Gray Television, Inc. in August 2002.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3,281,000 | 3,644,000 | 3,095,000 |
| Gross Profit | 898,000 | 1,244,000 | 2,991,000 |
| EBITDA | 697,000 | 1,246,000 | 598,000 |
| Operating Income | 383,000 | 851,000 | 392,000 |
| Net Income | -76,000 | 375,000 | -85,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 10,640,000 | 10,542,000 | 10,440,000 |
| Total Liabilities | 8,019,000 | 7,609,000 | 7,635,000 |
| Total Stockholders Equity | 2,621,000 | 2,933,000 | 2,805,000 |
| Total Debt | 6,240,000 | 5,693,000 | 5,813,000 |
| Cash and Cash Equivalents | 21,000 | 135,000 | 368,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 648,000 | 751,000 | 289,000 |
| Capital Expenditure | -348,000 | -143,000 | -108,000 |
| Free Cash Flow | 300,000 | 608,000 | 181,000 |
| Net Income | -76,000 | 375,000 | -85,000 |
| Net Change in Cash | -40,000 | 114,000 | 233,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 3,277,648.090 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 3,305,698.921 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 3,289,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 889,498.051 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 897,110.570 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 892,578.767 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | -81,041.560 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | -80,149.160 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | -80,510 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 83,181.908 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 83,893.797 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 83,470.003 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | -0.830 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | -0.830 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | -0.840 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates GTN intrinsic value between $58.89 – $93.19 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
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Common questions about GTN valuation
Is Gray Media, Inc. (GTN) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Gray Media, Inc. (GTN) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is GTN a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether GTN trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is GTN’s P/E ratio?
You can see GTN’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for GTN?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is GTN a good long-term investment?
Whether GTN fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
GTN
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Daily snapshot
-1.99
Trading Metrics:
| Open: | 4.98 | Previous Close: | 5.02 | |
| Day Low: | 4.86 | Day High: | 4.99 | |
| Year Low: | 3.55 | Year High: | 6.44 | |
| Price Avg 50: | 4.26 | Price Avg 200: | 4.64 | |
| Volume: | 502918 | Average Volume: | 1.33M |
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