Gray Media, Inc.
GTNCommunication ServicesNASDAQBroadcasting
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Daily timeframeHeadquartered within the communication services sector, Gray Media, Inc. focuses on Broadcasting services and products. Gray Media, Inc., a multimedia company, owns and/or operates local television stations and digital assets in the United States. The $428.4M market capitalization puts GTN squarely in small-cap range for its industry. The company operates through Broadcasting, Production Companies, and Other segments.
Market Cap
$428.4M
Beta
1.07
P/E (TTM)
—
P/E (Fwd)
-17.38
EPS (TTM)
$-1.52
EPS (Fwd)
$-0.24
ROE
-3.4%
ROA
2.4%
Cash
$259.0M
Total Debt
$5.81B
Free CF
$114.6M
52W Change
5.0%
Annual Financials
Cash vs Debt
Gray Media, Inc. carries $5.81B in total debt against $259.0M in cash reserves — debt is roughly 22.4x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $114.6M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of -3.4% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.4% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $3.68B (2022) to $3.10B (2025), a 16% decline worth watching.
The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Gray Media, Inc.'s trajectory.