Gray Media (GTN-A) Net Margin (2010 - 2026)

Gray Media (GTN-A) reported Net Margin of 4.3% for Q1 2026, down 148.0% year-over-year from 8.95% in Q1 2025, and down 47.96% quarter-over-quarter from 2.9% in Q4 2025.

Gray Media (GTN-A) Net Margin (2010 - 2026) Analysis & Trends

Gray Media (GTN-A) has 17 years of Net Margin data on file, last reported at 4.3% in Q1 2026.

  • Net Margin for Q1 2026 came in at 4.3%, down 148.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 4.8% (down 1108.0% YoY), and the FY2025 annual result was 4.43%, down 1329.0% from the prior year.
  • Net Margin retreated to 4.3% in Q1 2026 per GTN-A's latest filing, from 2.9% in the prior quarter.
  • Over five years, Net Margin peaked at 16.14% in Q4 2022 and troughed at 8.94% in Q2 2025.
  • A 5-year average of 2.27% and a median of 1.11% in 2023 frame the typical range for Net Margin.
  • The sharpest annual moves came in 2023 and 2024: Net Margin tumbled 1868 bps in 2023, then jumped 1747 bps in 2024.
  • A 5-year view of Net Margin shows it stood at 16.14% in 2022, then slumped by 116 bps to 2.55% in 2023, then jumped by 686 bps to 14.93% in 2024, then sank by 119 bps to 2.9% in 2025, then slumped by 48 bps to 4.3% in 2026.
  • Business Quant data shows GTN-A's Net Margin at 4.3% in Q1 2026, 2.9% in Q4 2025, and 3.07% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Nexstar Media 5.44 Bn 5.04 Bn -505.00 Mn 150.94%
2 FuboTV 3.41 Bn 5.34 Bn 348.72 Mn -48.15%
3 Newsmax 996.58 Mn 956.14 Mn 21.36 Mn -64.52%
4 iHeartMedia 598.23 Mn 466.54 Mn 509.13 Mn -10.81%
5 Gray Media 394.79 Mn 135.79 Mn 213.00 Mn -4.30%
6 E.W. Scripps 304.31 Mn 220.58 Mn 206.07 Mn -3.48%
7 CuriosityStream 163.77 Mn 154.55 Mn 11.62 Mn -18.12%
8 Mediaco Holding 58.80 Mn 58.80 Mn -3.44 Mn -29.85%
9 Saga Communications 54.09 Mn 23.65 Mn 17.72 Mn -13.73%
10 Gray Media - - 213.00 Mn -4.30%

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.30%
Dec 31, 2025 -2.90%
Sep 30, 2025 -3.07%
Jun 30, 2025 -8.94%
Mar 31, 2025 -2.81%
Dec 31, 2024 14.93%
Sep 30, 2024 8.74%
Jun 30, 2024 1.09%
Mar 31, 2024 9.11%
Dec 31, 2023 -2.55%
Sep 30, 2023 -6.60%
Jun 30, 2023 -1.11%
Mar 31, 2023 -5.49%
Dec 31, 2022 16.14%
Sep 30, 2022 10.45%
Jun 30, 2022 9.91%
Mar 31, 2022 5.93%
Dec 31, 2021 2.22%
Sep 30, 2021 -4.99%
Jun 30, 2021 4.75%