GTN vs FWONA Stock Comparison

Gray Media and Liberty Media Prices as of Oct 27, 2026 Peers: Industry group
GTN Gray Media, Inc
$4.30 -6.5% 1M -6.5% 1Y
Market cap
$424.18M
P/E
–
Revenue (TTM)
$3.15B
Div. yield
0.08%
Television Broadcasting Communication Services
1 win
FWONA Liberty Media Corp
$81.99 -5.2% 1M -6.4% 1Y
Market cap
$20.98B
P/E
51.4x
Revenue (TTM)
$4.34B
Div. yield
–
Live Entertainment Communication Services
9 wins

Head to Head

10 decided of 12

Liberty Media leads on 9 of the 12 questions below (Liberty Media 9, Gray Media 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionGTNFWONALeader
Larger companyMarket capitalisation $424.18M $20.98B FWONA
Cheaper on earningsLower P/E, profitable companies only -7.3x 51.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 1.8x 44.3x GTN
Faster revenue growthRevenue growth, trailing twelve months -11.3% +12.2% FWONA
More profitableNet margin, trailing twelve months -1.8% 9.4% FWONA
Better return on capitalReturn on invested capital 2.3% 2.9% FWONA
Less leveragedLower net debt / EBITDA 7.2x 3.5x FWONA
Higher dividend yieldTrailing dividend yield 0.08% 0.00% –
Better 1-year returnPrice return, last 12 months -6.5% -6.4% FWONA
Better 5-year returnAnnualised price return, 5 years -28.9%/yr +9.4%/yr FWONA
Less volatileAnnualised volatility, 1 year 62.1% 24.4% FWONA
Higher overall scoreMean of the five percentile scores vs peers 51/100 69/100 FWONA

Percentile Scorecard

GTNFWONA

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisGTNFWONA
Valuation 87 #8 of 53 50 #7 of 13
Growth 9 #40 of 44 80 #3 of 11
Profitability 49 #22 of 42 70 #4 of 11
Financial Health 32 #42 of 61 75 #4 of 13
Shareholder Returns 80 #6 of 26 –
Overall 51 69
  • GTN ranked among 61 companies in Advertising and Media
  • FWONA ranked among 13 companies in Live Venues

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodGTNFWONASPY
1 month -6.5%-5.2% -0.2%
3 months +2.4%-11.7% +3.9%
6 months -25.3%+3.0% +8.2%
Year to date -11.2%-8.3% +12.9%
1 year -6.5%-6.4% +12.3%
3 years -29.2%+44.5% +87.4%
3 years, per year -10.9%+13.1% +23.3%
5 years -81.8%+56.7% +67.9%
5 years, per year -28.9%+9.4% +10.9%
10 years -51.1%+200.9% +261.1%
10 years, per year -6.9%+11.6% +13.7%

Risk

MeasureGTNFWONASPY
Volatility, 1Y 62.1%24.4% 12.7%
Downside volatility, 1Y 62.3%22.5% 12.7%
Beta vs S&P 500, 1Y 0.970.29 1.00
Return / volatility, 1Y -0.10-0.26 0.97
Max drawdown, 5Y -88.2%-25.7% -25.4%
From 52-week high -30.6%-16.5% -1.2%
52-week high $6.20$98.18 $779.14
52-week low $3.58$74.51 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleGTNFWONA
P/E now vs peer median -7.3xmedian 18.4x 50.4xmedian 50.4x
P/S now vs peer median 0.2xmedian 0.6x 4.2xmedian 1.4x
EV/EBITDA now vs peer median 7.8xmedian 10.5x 22.4xmedian 18.0x
P/FCF now vs peer median 3.4xmedian 9.0x 22.3xmedian 17.5x
P/B now vs peer median 0.2xmedian 1.5x 2.4xmedian 2.4x
PEG now vs peer median 0.23median 0.44 -9.84median 0.26

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsGTNFWONA
Revenue $3.15B $4.34B
Gross profit $820.00M $1.22B
Operating income $435.00M $516.00M
Net income -$26.00M $407.00M
Free cash flow $146.00M $823.00M
EPS (diluted) $-0.58 $1.62
Cash & equivalents $176.00M $1.47B
Total debt $5.81B $4.92B
Shares (diluted) 100.00M 252.00M
Enterprise value -$560.82M $15.54B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricGTNFWONA
P/E -7.3x 50.4x
P/FCF 3.4x 22.3x
P/Operating cash flow 2.0x 19.3x
P/S 0.2x 4.2x
P/B 0.2x 2.4x
P/Tangible book -0.1x 6.6x
EV/EBITDA 7.8x 22.4x
EV/EBIT 14.1x 42.3x
EV/Revenue 1.9x 5.0x
EV/FCF 42.0x 26.6x
EV/Operating cash flow 24.5x 23.0x
PEG (3Y EPS CAGR) 0.23 -9.84

Growth

14 metrics
MetricGTNFWONA
Revenue growth (1Y) -11.3% 12.2%
Revenue CAGR (3Y) -4.3% 75.9%
Gross profit growth (1Y) -28.8% 1,012%
Gross profit CAGR (3Y) -13.5% 29.5%
Operating income growth (1Y) -41.9% 49.1%
Operating income CAGR (3Y) -18.2% 37.8%
Net income growth (1Y) -113.0% 113.5%
Net income CAGR (3Y) -28.0% -34.0%
EPS growth (1Y) -138.0% 122.2%
EPS CAGR (3Y) -31.1% -5.1%
Operating cash flow growth (1Y) -69.8% 18.7%
Operating cash flow CAGR (3Y) -36.1% 19.7%
Free cash flow growth (1Y) -79.4% 15.6%
Free cash flow CAGR (3Y) -32.2% 73.7%

Profitability

14 metrics
MetricGTNFWONA
Gross margin 26.0% 28.2%
EBITDA margin 24.9% 22.5%
Operating margin 13.8% 11.9%
Pretax margin -2.0% 14.3%
Net margin -1.8% 9.4%
FCF margin 4.6% 19.0%
Operating cash flow margin 7.9% 21.9%
Return on equity -1.2% 5.3%
Return on assets -0.3% 2.6%
Return on invested capital 2.3% 2.9%
Return on capital employed 4.4% 3.6%
Asset turnover 0.3x 0.3x
Cash conversion (OCF / net income) -9.6x 2.3x
Stock comp / revenue 0.7% 0.6%

Financial Health

11 metrics
MetricGTNFWONA
Debt / assets 55.6% 31.0%
Debt / equity 2.7x 0.6x
Net debt / EBITDA 7.2x 3.5x
Debt / FCF 39.8x 6.0x
Liabilities / assets 79.6% 52.0%
Equity / assets 20.4% 48.0%
Interest coverage 0.9x 1.9x
Current ratio 1.0x 1.3x
Quick ratio 0.7x 1.1x
Cash ratio 0.3x 0.9x
Altman Z-score 0.63 2.43

Shareholder Returns

7 metrics
MetricGTNFWONA
Dividend yield 7.4% –
Net buyback yield – –
Shareholder yield 7.4% –
Payout ratio (earnings) -130.8% –
Payout ratio (FCF) 23.3% –
Dividend growth (1Y) 6.3% –
Dividend CAGR (3Y) 6.7% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusGTNFWONA
Forward P/E 1.8xFY2026 44.3xFY2026
EPS, next fiscal year $2.43FY2026 $1.85FY2026
EPS growth, next FY – -16.3%FY2026
EPS growth, the year after -130.0% +14.6%
Revenue, next fiscal year $3.39BFY2026 $4.97BFY2026
Revenue growth, next FY +9.5%FY2026 +10.9%FY2026
Revenue growth, the year after +0.3% -0.7%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersGTNFWONA
Held by institutions 80.6% 9.3%
Institutions holding 176 300
Change in shares held, QoQ -2.7% +10.2%
Institutions buying 72 154
Institutions selling 70 77
Buyers to sellers 1.03 2.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

GTNFWONA
GTN 1.00 0.07
FWONA 0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, GTN and FWONA?

Liberty Media (FWONA) is the largest by market capitalisation: Gray Media (GTN) $424.18M, Liberty Media (FWONA) $20.98B.

Which company is growing faster?

Liberty Media (FWONA) grew revenue fastest over the trailing twelve months: Gray Media (GTN) -11.3%, Liberty Media (FWONA) +12.2%.

Which company is more profitable?

Liberty Media (FWONA) has the highest net margin (Gray Media (GTN) -1.8%, Liberty Media (FWONA) 9.4%). On return on invested capital, Liberty Media (FWONA) leads (Gray Media (GTN) 2.3%, Liberty Media (FWONA) 2.9%).

Which stock has performed better?

Over the past year Liberty Media (FWONA) returned the most: Gray Media (GTN) -6.5%, Liberty Media (FWONA) -6.4%. Over five years, Liberty Media (FWONA) compounded fastest (Gray Media (GTN) -28.9%/yr, Liberty Media (FWONA) +9.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Gray Media (GTN) 0.08%, Liberty Media (FWONA) 0.00%. Liberty Media (FWONA) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Liberty Media (FWONA) has been the steadiest (Gray Media (GTN) 62.1%, Liberty Media (FWONA) 24.4%). Volatility measures how widely the price swings, not the risk of the business.

Do GTN and FWONA move together?

Their daily returns over the past year have a correlation of 0.07, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, GTN and FWONA?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Liberty Media (FWONA) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.