📊 GTN-A Key Takeaways
Is Gray Media, Inc. (GTN-A) a Good Investment?
Gray Media faces structural challenges in a declining broadcasting sector with revenue down 15.1% YoY and interest coverage of 0.8x, meaning operating income fails to cover interest expenses—a critical solvency concern. While positive free cash flow of $181M provides near-term buffer, high leverage (2.65x D/E), persistent net losses, and unsustainable debt service requirements relative to operational earnings signal elevated financial distress risk.
Gray Media shows positive operating profitability and free cash flow, but heavy leverage and sub-1x interest coverage are driving net losses and heighten financial risk. A 15% YoY revenue decline underscores pressure on the core advertising engine. Until interest coverage improves and leverage is reduced, earnings sustainability remains challenged.
Why Buy Gray Media, Inc. Stock? GTN-A Key Strengths
- Positive free cash flow generation of $181M despite net losses, providing debt service capacity
- Operating income positive at $392M with 12.7% operating margin showing underlying business can generate earnings
- Net loss improved 38% YoY, suggesting operational stabilization after significant prior-year deterioration
- Positive free cash flow ($181M, 5.8% margin)
- Solid operating margin (12.7%) despite revenue decline
- Adequate near-term liquidity (current ratio 1.27x, $368M cash)
GTN-A Stock Risks: Gray Media, Inc. Investment Risks
- Critical: Interest coverage ratio of 0.8x—operating income insufficient to cover interest expenses, indicating solvency stress and potential covenant violations
- Revenue declined 15.1% YoY to $3.1B in challenged TV broadcasting sector facing structural headwinds from cord-cutting and digital migration
- High financial leverage (Debt/Equity 2.65x, $5.7B long-term debt vs $2.2B equity) limits flexibility and increases refinancing risk
- High leverage (Debt/Equity 2.65x) with weak 0.8x interest coverage
- Negative net margin (-2.7%) and net loss
- Double-digit revenue decline (-15.1% YoY) indicating demand softness
Key Metrics to Watch
- Interest coverage ratio—must improve to >1.0x for sustainable operations
- Revenue trajectory—requires stabilization or recovery to support debt service
- Free cash flow sustainability—must remain positive to fund operations and service $5.7B debt
- Debt/Equity ratio—monitor deleveraging progress given operational challenges
- Interest coverage (EBIT/interest)
- Free cash flow and FCF margin
Gray Media, Inc. (GTN-A) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Gray Media, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
GTN-A Profit Margin, ROE & Profitability Analysis
GTN-A vs Telecom Sector: How Gray Media, Inc. Compares
How Gray Media, Inc. compares to Telecom sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Gray Media, Inc. Stock Overvalued? GTN-A Valuation Analysis 2026
Based on fundamental analysis, Gray Media, Inc. shows some fundamental concerns relative to the Telecom sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Gray Media, Inc. Balance Sheet: GTN-A Debt, Cash & Liquidity
GTN-A Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Gray Media, Inc.'s revenue has grown significantly by 51% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.39 indicates the company is currently unprofitable.
GTN-A Revenue Growth, EPS Growth & YoY Performance
GTN-A Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $749.0M | -$9.0M | $-0.24 |
| Q2 2025 | $772.0M | -$9.0M | $0.09 |
| Q1 2025 | $782.0M | -$9.0M | $-0.23 |
| Q3 2024 | $803.0M | $4.0M | $-0.57 |
| Q2 2024 | $813.0M | $4.0M | $0.09 |
| Q1 2024 | $801.0M | -$31.0M | $-0.48 |
| Q3 2023 | $803.0M | $4.0M | $-0.57 |
| Q2 2023 | $813.0M | $4.0M | $-0.10 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Gray Media, Inc. Dividends, Buybacks & Capital Allocation
GTN-A SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Gray Media, Inc. (CIK: 0000043196)
📋 Recent SEC Filings
❓ Frequently Asked Questions about GTN-A
What is the AI rating for GTN-A?
Gray Media, Inc. (GTN-A) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 74% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are GTN-A's key strengths?
Claude: Positive free cash flow generation of $181M despite net losses, providing debt service capacity. Operating income positive at $392M with 12.7% operating margin showing underlying business can generate earnings. ChatGPT: Positive free cash flow ($181M, 5.8% margin). Solid operating margin (12.7%) despite revenue decline.
What are the risks of investing in GTN-A?
Claude: Critical: Interest coverage ratio of 0.8x—operating income insufficient to cover interest expenses, indicating solvency stress and potential covenant violations. Revenue declined 15.1% YoY to $3.1B in challenged TV broadcasting sector facing structural headwinds from cord-cutting and digital migration. ChatGPT: High leverage (Debt/Equity 2.65x) with weak 0.8x interest coverage. Negative net margin (-2.7%) and net loss.
What is GTN-A's revenue and growth?
Gray Media, Inc. reported revenue of $3.1B.
Does GTN-A pay dividends?
Gray Media, Inc. pays dividends, with $33.0M distributed to shareholders in the trailing twelve months.
Where can I find GTN-A SEC filings?
Official SEC filings for Gray Media, Inc. (CIK: 0000043196) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is GTN-A's EPS?
Gray Media, Inc. has a diluted EPS of $-1.41.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is GTN-A a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Gray Media, Inc. has a SELL rating with 74% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is GTN-A stock overvalued or undervalued?
Valuation metrics for GTN-A: ROE of -3.9% (sector avg: 15%), net margin of -2.7% (sector avg: 14%). Compare these metrics with sector averages to assess valuation.
Should I buy GTN-A stock in 2026?
Our dual AI analysis gives Gray Media, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is GTN-A's free cash flow?
Gray Media, Inc.'s operating cash flow is $289.0M, with capital expenditures of $108.0M. FCF margin is 5.8%.
How does GTN-A compare to other Telecom stocks?
Vs Telecom sector averages: Net margin -2.7% (avg: 14%), ROE -3.9% (avg: 15%), current ratio 1.27 (avg: 1).
Is Gray Media, Inc. carrying too much debt?
GTN-A has a debt-to-equity ratio of 2.65x, which is above the Telecom sector average of 1.2x. However, the current ratio of 1.27 suggests adequate short-term liquidity.