GTN
Gray Media, Inc.
NYSEUSDEQUITY
Communication Services
DELAYED
Last price
4.90
▼ 0.01 (0.20%)
MARKET · —
Price
Open
4.91
Prev close
4.91
Day high
5.04
Day low
4.83
Volume
937.72K
Market cap
$508.74M
P/E (TTM)
—
52W range
3.55 – 6.44
Trailing performance
Returnvs SPY
1W
-5.36%
-4.0%
1M
+26.99%
+23.3%
3M
+19.61%
+16.5%
6M
+1.44%
-9.6%
YTD
+2.07%
-10.2%
1Y
-14.24%
-34.2%
3Y
-39.24%
-113.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$508.74M
Enterprise value$6.80B
Revenue (TTM)$3.15B
Gross profit$820.00M
EBITDA$688.00M
Net income$-58.00M
EPS (TTM)$-0.58
Free cash flow$155.12M
Total cash$176.00M
Total debt$5.89B
Book value / share$21.70
Shares outstanding93.12M
Float82.61M
Short % of float0.00%
Dividend yield6.48%
Beta (5Y)0.96
Valuation & profitability ratios
Trailing P/E—
Forward P/E-7.06
PEG ratio0.12
Price / sales—
Price / book0.23
EV / revenue2.16
EV / EBITDA9.88
Gross margin26.05%
Operating margin18.59%
Profit margin-0.83%
Return on equity-0.94%
Return on assets2.73%
Debt / equity215.80
Current ratio0.95
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $3.10B | $3.64B | $3.28B | $3.68B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$137.00M | $323.00M | -$128.00M | $403.00M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$137.00M | $323.00M | -$128.00M | $403.00M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.25 | 0.26 | +5.0% |
| Mar 2026 | -0.03 | -0.40 | -1,230.3% |
| Dec 2025 | -0.11 | -0.15 | -32.7% |
| Sep 2025 | -0.33 | -0.20 | +38.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.97 | 1 | $951.90M | +27.1% |
| Next quarter | 1.81 | 1 | $1.07B | +34.7% |
| Current year | 2.65 | 1 | $3.63B | +17.2% |
| Next year | -0.70 | 1 | $3.22B | -11.3% |
Analyst targets & ownership
Mean target$6.50
High target$11.00
Low target$3.00
Implied upside32.65%
Analyst count5
ConsensusBUY
Strong buy / Buy1 / 2
Hold1
Sell / Strong sell1 / 0
Held by insiders7.14%
Held by institutions82.78%
Institutions holding242
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+298.06K
Net buying
Buy transactions
11
353.06K shares
Sell transactions
1
55.00K shares
Net transactions
+12
Buys less sells
Sell : buy shares
0.2 : 1
Mixed
Insider-held shares
7.00M
Total on file
Moving averages & technicals
SMA 10
4.95
-1.09% from price
SMA 20
4.63
+6.73% from price
SMA 50
4.20
+17.68% from price
SMA 100
4.49
+9.09% from price
SMA 200
4.63
+6.67% from price
EMA 12
4.84
+1.21% from price
EMA 26
4.60
+6.58% from price
EMA 50
4.44
+10.44% from price
RSI (14)
58.6
Neutral
MACD (12,26,9)
0.24
Hist 0.01
ATR (14)
0.31
6.29% of price
Realised vol 30D
82.1%
Annualised
Bollinger upper
5.48
20, 2σ
Bollinger lower
3.77
20, 2σ
50 / 200 cross
Death
4.20 vs 4.63
Trend bias
Above 200
+6.67%
Risk profile
Beta vs SPY
1.05
More volatile than market
Correlation to SPY
0.21
Largely independent
Realised vol 30D
82.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-42.6%
Peak to trough
Max drawdown 5Y
-88.2%
Peak to trough
ATR 14
0.31
6.29% of price
Beta (reported)
0.96
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
0.11
Call-heavy session
Put / call open interest
1.09
Positioning, not flow
Max pain
5.00
+1.2% from spot
ATM implied vol
50.8%
Nearest strike to spot
Skew (10% OTM)
+12.1%
Puts bid over calls
Call volume
28
Contracts, this expiry
Put volume
3
Contracts, this expiry
Heaviest call OI
7.50
101 contracts
Heaviest put OI
5.00
189 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Gray Media Closes $750 Million Senior Notes Offering
MT Newswires · 22h ago
Gray Announces Closing of Offering of $750 Million of 7.500% Senior Secured First Lien Notes due 2034
GlobeNewswire · 22h ago
Atlanta Braves Games to Air in Spanish on Gray Media’s Telemundo Affiliate Stations Across the Southeast
GlobeNewswire · 1d ago
3 Cash-Producing Stocks with Open Questions
StockStory · 1d ago
3 Hyped Up Stocks We Steer Clear Of
StockStory · 3d ago
Gray Media Prices $750 Million Senior Secured Notes Offering
MT Newswires · 4d ago
Gray Announces Pricing of $750 Million of 7.500% Senior Secured First Lien Notes due 2034
GlobeNewswire · 5d ago
RTDNA Awards More National Edward R. Murrow Awards to Gray Media than Any Other Media Organization
GlobeNewswire · 5d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.