Reading the tape
NYSE: GTN
Gray Media, Inc.
Communication Services · Broadcasting
Market Cap
$505.91M
52w High
$6.44
52w Low
$3.50
P/E
-6.21
Volume
96.28K
Outstanding Shares
92.91M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 40.25%Revenue (TTM): -15.07%FCF (TTM): -89.97%P/FCF: 16th pct
What changed
The stock rose 40.25% over the last year. Revenue declined 15.07% over the trailing twelve months. Operating margin moved from 23.35% to 12.67%. Free cash flow declined 89.97% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 12.67%. A decisive move in revenue — currently down 15.07% — would be the clearest signal to resolve the ambiguity.
Company profile
Gray Media, Inc., a television broadcasting company, owns and/or operates television stations and digital assets in the United States.
CEOHilton Hatchett Howell Jr.
SectorCommunication Services
IndustryBroadcasting
Employees9,118
IPO dateAug 30, 2002
Valuation
Forward P/E—
EV/EBITDA9.89
Enterprise value$5.91B
Stock splits
Oct 1, 1998↑ Forward
Every 2 shares became 3
Profitability & growth
Revenue growth-24.21%
Gross margin96.64%▲183.08%vs FY2024
Operating margin12.67%▼45.77%vs FY2024
ROE-3.03%▼123.70%vs FY2024
Analyst consensus
RatingBuy
Target price$8.00▲46.92%
7
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est -$0.32 · Revenue est $768.05M
View
Dividends
$0.32/shareQuarterly7yr growth streakSafeGTN pays a dividend with a 5.88% dividend yield, 7 consecutive years of growth, growing at 3.79% annually, covered 2.1× by free cash flow.
Dividend Yield
5.88%
Annual Div / Share
$0.32
5yr CAGR
+3.79%
Doubles every ~18.6yr
Payout Ratio
—
Safe
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
+3.79%
10yr CAGR
+3.79%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$0.32+0.0%
2024$0.32+0.0%
2023$0.32+0.0%
2022$0.32+0.0%
2021$0.32+88.2%
2008$0.17+41.7%
2007$0.12+0.0%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$59/yr
$5/mo
In 5 yrs
$71/yr+20%
$6/mo
In 10 yrs
$85/yr+45%
$7/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$59/yr $5/mo | $71/yr+20% $6/mo | $85/yr+45% $7/mo |
Yield-on-cost grows from 5.88% → 8.53% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 2.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
No strong risk signal stands out from the latest period pair.