NYSE: GTN
Gray Media, Inc.
Communication Services · Broadcasting
Market Cap
$409.20M
52w High
$6.44
52w Low
$3.50
P/E
-3.01
Volume
1.10M
Outstanding Shares
97.66M
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock fell 6.79% over the last year. Revenue declined 14.49% over the trailing twelve months. Operating margin moved from 22.73% to 12.37%. Free cash flow declined 93.34% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower 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 12.37%. A decisive move in revenue — currently down 14.49% — would be the clearest signal to resolve the ambiguity.
Company profile
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.
Valuation
Stock splits
Every 2 shares became 3
Profitability & growth
Analyst consensus
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
Aug 7, 2026
Q3 FY26 · EPS est -$0.08 · Revenue est $795.13M
View
Dividends
$0.32/shareQuarterly5yr growth streakSafeGTN pays a dividend with a 7.64% dividend yield, 5 consecutive years of growth, growing at 7.75% annually, covered 2.1× by free cash flow.
Dividend Yield
7.64%
Annual Div / Share
$0.32
5yr CAGR
+7.75%
Doubles every ~9.3yr
Payout Ratio
—
Safe
Dividend Growth Rate
3yr CAGR
+0%
5yr CAGR
+7.75%
10yr CAGR
+7.75%
Dividend History
Annual dividends paid per share
Income Projection
Today
$6/mo
In 5 yrs
$9/mo
In 10 yrs
$13/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$76/yr $6/mo | $111/yr+45% $9/mo | $161/yr+111% $13/mo |
Yield-on-cost grows from 7.64% → 16.11% 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.
Strong dividend growth rate
The 5-year CAGR of 7.75% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.