Gray Media, Inc. (GTN) Stock Price & Analysis
Gray Media, Inc. (GTN) closed at USD 4.7 on Thursday, October 22, 2026, up 1.73% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 4.62; the Oct 22, 2026 session ranged USD 4.64–4.73 on volume of 677,007 shares. Market capitalization is $484.03M, with a 52-week range of USD 3.55–6.44 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/GTN.md
Key facts (GTN)
- Last four reported quarters (through Jun 30, 2026): revenue $3.15B, net income -$26.0M (-0.8% margin), free cash flow $146M (SEC filings).
- 1 of 80 tracked superinvestors hold GTN (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.40 on a 1–5 scale) (5 analysts), mean target USD 6.5 (range 3–11).
- Total return with dividends: 1Y +4.9% vs S&P 500 +14.9%; 5Y -74.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-06, EPS estimate USD 0.97, revenue estimate $962M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (GTN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.41B | $3.68B | $3.28B | $3.64B | $3.10B | $3.15B |
| Operating income | $381M | $990M | $383M | $851M | $392M | $435M |
| Net income | $90.0M | $455M | -$76.0M | $375M | -$85.0M | -$26.0M |
| EPS (diluted) | $0.40 | $4.33 | -$1.39 | $3.36 | -$1.41 | — |
| Free cash flow | $93.0M | $393M | $300M | $608M | $181M | $146M |
| Operating margin | 15.8% | 26.9% | 11.7% | 23.4% | 12.7% | 13.8% |
| Net margin | 3.7% | 12.4% | -2.3% | 10.3% | -2.7% | -0.8% |
| Revenue growth | +1.3% | +52.3% | -10.7% | +11.1% | -15.1% | — |
| Cash + short-term investments | $189M | $61.0M | $21.0M | $135M | $368M | — |
| Total debt | $6.80B | $6.50B | $6.20B | $5.62B | $5.74B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (GTN)
P/S 0.1x · EV/EBITDA 9.8x · EV/Sales 1.9x · P/FCF 3.3x · P/B 0.2x · FCF yield 30.16% · Earnings yield -5.37% · Dividend yield (paid, TTM) 7.02% · Net debt $5.63B · EV $6.12B
P/E at fiscal year-ends: Dec 2024 0.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (GTN)
1 of 80 tracked investors hold GTN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Miller | Miller Value Partners | 6.80% | $28.8M | Added +34.9% |
Analysts (GTN)
Consensus Buy (mean 2.40 on a 1–5 scale), 5 analysts; mean target USD 6.5 (low 3, high 11).
Total return (dividends reinvested) (GTN)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +4.9% | -74.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +4.9% | -23.6% |
| Volatility (annualized) | 61.7% | 63.5% |
| Max drawdown | -41.1% (Apr 2026→Jun 2026) | -85.6% (Mar 2022→Dec 2024) |
Companies that name GTN in their SEC reports
| Relationship to GTN | Company | Filing | Sentence |
|---|---|---|---|
| partner | E.W. SCRIPPS Co (SSP) | 10-K Feb 27, 2026 | “In January 2025, we announced the formation of a joint venture with Gray Media, Nexstar Media Group, Inc. and Sinclair, Inc. Leveraging broadcasters' uniquely efficient network architecture and the ATSC 3.0 transmission standard, EdgeBeam Wireless, LLC will provide expansive, reliable and secure data delivery services.” |
GTN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.97 | $1.04 | -6.7% | $962.0M | 1 |
| Next quarter (ends Dec 2026) | $1.81 | $1.80 | +0.6% | $1.06B | 1 |
| Current fiscal year (ends Dec 2026) | $2.65 | $3.34 | -20.7% | $3.63B | 1 |
| Next fiscal year (ends Dec 2027) | $-0.70 | $0.17 | -511.8% | $3.21B | 1 |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 4.7 |
|---|---|
| Change | ▲ 1.73% (up) |
| Previous Close | USD 4.62 |
| Open | USD 4.59 |
| Day Range | USD 4.64 – 4.73 |
| 52-Week Range | USD 3.55 – 6.44 |
| Volume | 677,007 shares |
| Market Cap | $484.03M |
| Exchange | NYQ |
Technical Analysis (GTN)
Nexqual's technical model rates GTN "NEUTRAL" based on 3 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 52.31 (neutral) |
| vs SMA50 | Below (USD 4.73) |
| MACD | -0.02 (negative) |
Analyst Ratings (GTN)
Wall Street analysts rate GTN "Buy" based on 5 analysts, with a mean price target of USD 6.5 (range USD 3–11), per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 6.5 |
| High Target | USD 11 |
| Low Target | USD 3 |
| Buy / Hold / Sell | 3 / 1 / 1 |
Earnings (GTN)
| Next Earnings Date | 2026-11-06 |
|---|---|
| EPS Estimate | USD 0.97 |
| Revenue Estimate | $962.00M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.26 vs est 0.25 ▲ beat |
| 2026-03-31 | USD -0.4 vs est -0.03 ▼ miss |
| 2025-12-31 | USD -0.15 vs est -0.11 ▼ miss |
| 2025-09-30 | USD -0.2 vs est -0.33 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (GTN)
| Total Revenue | $3.15B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +8.70% |
| Gross Margin | +26.05% |
| Operating Margin | +18.59% |
| Profit Margin | -0.83% |
| ROE | -0.94% |
| Debt / Equity | 2.16 |
| Current Ratio | 0.95 |
| Total Cash | $176.00M |
| Total Debt | $5.89B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $146.00M (4.6% of revenue) |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (GTN)
Nexqual rates Gray Media, Inc.'s overall financial health "Weak" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Critical — Revenue -15% YoY (annual), sharp decline |
|---|---|
| Profitability | Solid — Gross margin 26%, operating 19% (last 12 months) |
| Balance Sheet | Critical — $176M cash and investments vs $5.81B debt (Jun 2026, SEC) |
| Cash Flow | Mixed — FCF $146M (last 4 quarters to Jun 2026, SEC), slim 4.6% margin |
| Efficiency | Critical — ROE -1%, ROA 2.7% |
Ownership (GTN)
| Insider Ownership | +7.14% |
|---|---|
| Institutional Ownership | +82.65% |
| Shares Outstanding | 93.12M |
| Float | 83.29M |
| Short % of Float | +4.64% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Leadership (GTN)
Gray Media, Inc. is led by Hilton Hatchett Howell, Executive Chairman & CEO, per Nexqual as of October 23, 2026 at 10:12 UTC.
| Executive Chairman & CEO | Hilton Hatchett Howell |
|---|---|
| President, Co-CEO & Director | Donald Patrick LaPlatney |
| Executive VP & CFO | Jeffrey R. Gignac |
| Executive VP & COO | McNamara Sandra Breland |
| Chief Technology Officer | Bob Kroeger |
Major Backers & Investors (GTN)
Notable institutional backers of Gray Media, Inc. include Miller Value Partners, LLC, Capital Management Corporation, Retirement Systems of Alabama, according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Miller Value Partners, LLC | 7.78% |
| Capital Management Corporation | 7.59% |
| Retirement Systems of Alabama | 4.43% |
| Penn Capital Management Company LLC | 3.76% |
| Goldman Sachs | 3.54% |
| Charles Schwab Investment Management, Inc. | 3.28% |
| Charles Schwab | 2.59% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 7.52% |
| Dimensional Fund Advisors | 5.01% |
| Vanguard Group | 4.01% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| SBGI | Sinclair, Inc. | USD 12.8 | ▲ 0.95% |
| NMAX | Newsmax, Inc. | USD 8.17 | ▼ 2.51% |
| NXST | Nexstar Media Group, Inc. | USD 168.76 | ▲ 2.38% |
| BIDU | Baidu, Inc. | USD 77.98 | ▼ 1.07% |
| FOXA | Fox Corporation | USD 68.27 | ▲ 3.69% |
| RDDT | Reddit, Inc. | USD 150.26 | ▼ 1.97% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
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