Gray Financial Statements From 2010 to 2026

GTN Stock  USD 4.91  0.11  2.29%   
Gray Television's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Gray Television's valuation are provided below:
Gross Profit
980 M
Profit Margin
0.0281
Market Capitalization
537.3 M
Enterprise Value Revenue
2.0042
Revenue
3.3 B
We have found one hundred twenty available fundamental trends for Gray Television, which can be analyzed and compared to other ratios and to its competitors. Self-guided Investors are advised to confirm Gray Television's regular fundamentals against the trend between 2010 and 2026 to make sure the company can sustain itself down the road. As of the 5th of January 2026, Market Cap is likely to grow to about 779 M. Also, Enterprise Value is likely to grow to about 655.5 M

Gray Television Total Revenue

4.4 Billion

Check Gray Television financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gray Television's main balance sheet or income statement drivers, such as Depreciation And Amortization of 324.8 M, Interest Expense of 585.6 M or Total Revenue of 4.4 B, as well as many indicators such as Price To Sales Ratio of 0.0897, Dividend Yield of 0.27 or PTB Ratio of 0.11. Gray financial statements analysis is a perfect complement when working with Gray Television Valuation or Volatility modules.
  
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Check out the analysis of Gray Television Correlation against competitors.
To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.

Gray Television Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets12.7 B12.1 B5.9 B
Slightly volatile
Short and Long Term Debt Total6.9 B6.5 B3.4 B
Slightly volatile
Other Current Liabilities468.5 M446.2 M172.1 M
Slightly volatile
Total Current Liabilities636.4 M606 M246.5 M
Slightly volatile
Total Stockholder Equity3.5 B3.4 B1.5 B
Slightly volatile
Property Plant And Equipment NetB1.9 B792.3 M
Slightly volatile
Accounts Payable90.6 M86.2 M26.4 M
Slightly volatile
Cash100.9 M155.2 M192.7 M
Pretty Stable
Non Current Assets Total12.1 B11.5 B5.4 B
Slightly volatile
Cash And Short Term Investments101 M155.2 M192.8 M
Pretty Stable
Net Receivables414.2 M394.4 M271.6 M
Slightly volatile
Common Stock Shares Outstanding115.9 M110.4 M79.1 M
Slightly volatile
Liabilities And Stockholders Equity12.7 B12.1 B5.9 B
Slightly volatile
Non Current Liabilities Total8.6 B8.1 B4.2 B
Slightly volatile
Other Current Assets76.1 M72.5 M47.8 M
Slightly volatile
Total Liabilities9.2 B8.8 B4.4 B
Slightly volatile
Property Plant And Equipment Gross3.1 B2.9 BB
Slightly volatile
Total Current Assets653.3 M622.1 M525.8 M
Slightly volatile
Short Term Debt24 M34.5 M33.3 M
Very volatile
Intangible Assets6.8 B6.4 B3.2 B
Slightly volatile
Common Stock1.5 B1.4 B905.1 M
Slightly volatile
Other Liabilities1.8 B1.7 B752.6 M
Slightly volatile
Long Term Debt6.8 B6.4 B3.1 B
Slightly volatile
Good Will3.2 BB1.3 B
Slightly volatile
Property Plant EquipmentB1.9 B781.2 M
Slightly volatile
Current Deferred Revenue35 M33.4 M13.2 M
Slightly volatile
Long Term Debt Total6.8 B6.4 B3.1 B
Slightly volatile
Long Term Investments47.9 M75.9 M42.2 M
Slightly volatile
Non Current Liabilities Other43.9 M82.8 M40.5 M
Slightly volatile
Short and Long Term Debt17.1 M18 M547.7 M
Slightly volatile
Net Invested CapitalB9.1 B5.1 B
Slightly volatile
Net Working Capital12 M12.6 M448.2 M
Slightly volatile
Capital Stock1.9 B2.2 B1.4 B
Slightly volatile
Warrants520 M585 M638.5 M
Slightly volatile
Capital Lease Obligations75.3 M82.8 M60.5 M
Slightly volatile

Gray Television Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization324.8 M309.4 M151.3 M
Slightly volatile
Interest Expense585.6 M557.8 M215.4 M
Slightly volatile
Total Revenue4.4 B4.2 B1.8 B
Slightly volatile
Gross Profit1.5 B1.4 B650.8 M
Slightly volatile
Other Operating Expenses3.4 B3.2 B1.4 B
Slightly volatile
Operating IncomeB978.6 M433.3 M
Slightly volatile
EBIT1.2 B1.1 B451.9 M
Slightly volatile
EBITDA1.5 B1.4 B603.2 M
Slightly volatile
Cost Of Revenue2.9 B2.8 B1.2 B
Slightly volatile
Total Operating Expenses474.5 M451.9 M226.1 M
Slightly volatile
Selling General Administrative125.6 M119.6 M61.7 M
Slightly volatile
Net Income From Continuing Ops452.8 M431.2 M198.7 M
Slightly volatile
Interest Income585.6 M557.8 M223 M
Slightly volatile
Reconciled Depreciation272.9 M341.6 M193.3 M
Slightly volatile
Extraordinary Items116.8 M131.4 M143.4 M
Slightly volatile
Selling And Marketing Expenses1.6 M1.8 MM
Slightly volatile

Gray Television Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow734.2 M699.2 M265.3 M
Slightly volatile
Begin Period Cash Flow22.9 M24.1 M216.8 M
Pretty Stable
Depreciation358.6 M341.6 M176 M
Slightly volatile
Capital Expenditures172.7 M164.4 M115.9 M
Slightly volatile
Total Cash From Operating Activities906.8 M863.6 M381.1 M
Slightly volatile
End Period Cash Flow124.1 M155.2 M238.3 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.08970.09441.0399
Slightly volatile
Dividend Yield0.270.250.0817
Slightly volatile
PTB Ratio0.110.121.3575
Slightly volatile
Days Sales Outstanding75.539.5164.2198
Pretty Stable
Book Value Per Share29.1827.7916.061
Slightly volatile
Free Cash Flow Yield1.921.830.5013
Slightly volatile
Operating Cash Flow Per Share7.477.114.0653
Slightly volatile
Average Payables4.2 M5.4 M5.8 M
Pretty Stable
Capex To Depreciation0.950.550.6515
Slightly volatile
PB Ratio0.110.121.3575
Slightly volatile
EV To Sales1.761.852.8188
Slightly volatile
Free Cash Flow Per Share6.055.762.805
Slightly volatile
ROIC0.03460.05810.0569
Pretty Stable
Inventory Turnover83.9216257.1237
Slightly volatile
Days Of Inventory On Hand2.212.3311.6102
Slightly volatile
Payables Turnover97.9193.2582.4507
Pretty Stable
Sales General And Administrative To Revenue0.03020.02570.0396
Slightly volatile
Average Inventory1.3 M1.3 M1.1 M
Pretty Stable
Capex To Revenue0.04290.04510.0624
Very volatile
Cash Per Share0.991.282.3068
Very volatile
POCF Ratio0.440.465.0654
Slightly volatile
Interest Coverage1.341.582.0952
Very volatile
Capex To Operating Cash Flow0.210.220.3212
Very volatile
PFCF Ratio0.470.447.9226
Slightly volatile
Days Payables Outstanding17.3313.128.3596
Very volatile
EV To Operating Cash Flow8.528.9714.4706
Slightly volatile
EV To Free Cash Flow16.458.6725.8033
Pretty Stable
Intangibles To Total Assets0.540.70.6879
Pretty Stable
Current Ratio1.80.923.067
Slightly volatile
Receivables Turnover10.049.566.4527
Slightly volatile
Graham Number49.4847.1327.485
Slightly volatile
Shareholders Equity Per Share29.1827.7916.061
Slightly volatile
Debt To Equity3.812.233.0931
Slightly volatile
Capex Per Share1.561.731.2909
Slightly volatile
Average Receivables28.9 M38 M40.5 M
Pretty Stable
Revenue Per Share36.2534.5219.445
Slightly volatile
Interest Debt Per Share61.4558.5338.9194
Slightly volatile
Debt To Assets0.460.490.5508
Very volatile
Enterprise Value Over EBITDA5.145.419.9826
Slightly volatile
Short Term Coverage Ratios20.6222.5361.15
Slightly volatile
Operating Cycle84.7242.4874.5455
Slightly volatile
Price Book Value Ratio0.110.121.3575
Slightly volatile
Days Of Payables Outstanding17.3313.128.3596
Very volatile
Price To Operating Cash Flows Ratio0.440.465.0654
Slightly volatile
Price To Free Cash Flows Ratio0.470.447.9226
Slightly volatile
Operating Profit Margin0.160.210.2483
Slightly volatile
Company Equity Multiplier6.164.135.1021
Slightly volatile
Long Term Debt To Capitalization0.570.590.6749
Very volatile
Total Debt To Capitalization0.580.590.6773
Very volatile
Return On Capital Employed0.07040.09770.0816
Slightly volatile
Debt Equity Ratio3.812.233.0931
Slightly volatile
Ebit Per Revenue0.160.210.2483
Slightly volatile
Quick Ratio1.740.892.9494
Slightly volatile
Dividend Paid And Capex Coverage Ratio1.832.983.0673
Slightly volatile
Net Income Per E B T0.460.690.7004
Pretty Stable
Cash Ratio0.220.231.4325
Slightly volatile
Cash Conversion Cycle21.8322.9863.1305
Slightly volatile
Operating Cash Flow Sales Ratio0.140.190.2052
Pretty Stable
Days Of Inventory Outstanding2.212.3311.6102
Slightly volatile
Days Of Sales Outstanding75.539.5164.2198
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.770.730.6747
Very volatile
Cash Flow Coverage Ratios0.140.150.8542
Slightly volatile
Price To Book Ratio0.110.121.3575
Slightly volatile
Fixed Asset Turnover1.861.992.436
Slightly volatile
Capital Expenditure Coverage Ratio4.964.733.8042
Pretty Stable
Price Cash Flow Ratio0.440.465.0654
Slightly volatile
Enterprise Value Multiple5.145.419.9826
Slightly volatile
Debt Ratio0.460.490.5508
Very volatile
Cash Flow To Debt Ratio0.140.150.8542
Slightly volatile
Price Sales Ratio0.08970.09441.0399
Slightly volatile
Asset Turnover0.360.40.32
Pretty Stable
Gross Profit Margin0.430.390.398
Slightly volatile
Price Fair Value0.110.121.3575
Slightly volatile

Gray Television Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap779 M741.9 M1.2 B
Very volatile
Enterprise Value655.5 M624.3 M653 M
Slightly volatile

Gray Fundamental Market Drivers

Forward Price Earnings1.9512
Cash And Short Term Investments135 M

Gray Upcoming Events

23rd of February 2024
Upcoming Quarterly Report
View
3rd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
23rd of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Gray Television Financial Statements

Gray Television investors utilize fundamental indicators, such as revenue or net income, to predict how Gray Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue33.4 M35 M
Total Revenue4.2 B4.4 B
Cost Of Revenue2.8 B2.9 B
Sales General And Administrative To Revenue 0.03  0.03 
Capex To Revenue 0.05  0.04 
Revenue Per Share 34.52  36.25 
Ebit Per Revenue 0.21  0.16 

Pair Trading with Gray Television

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Gray Television position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Gray Television will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Gray Television could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gray Television when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gray Television - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gray Television to buy it.
The correlation of Gray Television is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gray Television moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gray Television moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Gray Television can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Gray Television offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gray Television's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gray Television Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gray Television Stock:
Check out the analysis of Gray Television Correlation against competitors.
To learn how to invest in Gray Stock, please use our How to Invest in Gray Television guide.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Is Broadcasting space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gray Television. If investors know Gray will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gray Television listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
10.164
Dividend Share
0.32
Earnings Share
0.43
Revenue Per Share
34.966
Quarterly Revenue Growth
(0.21)
The market value of Gray Television is measured differently than its book value, which is the value of Gray that is recorded on the company's balance sheet. Investors also form their own opinion of Gray Television's value that differs from its market value or its book value, called intrinsic value, which is Gray Television's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gray Television's market value can be influenced by many factors that don't directly affect Gray Television's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gray Television's value and its price as these two are different measures arrived at by different means. Investors typically determine if Gray Television is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gray Television's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.