Growth Metrics

Gray Media (GTN-A) Operating Margin (2016 - 2025)

Gray Media (GTN-A) has disclosed Operating Margin for 16 consecutive years, with 37.88% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 6898.0% to 37.88% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 0.78% through Dec 2025, down 2413.0% year-over-year, with the annual reading at 0.78% for FY2025, 2413.0% down from the prior year.
  • Operating Margin for Q4 2025 was 37.88% at Gray Media, down from 13.62% in the prior quarter.
  • The five-year high for Operating Margin was 33.86% in Q4 2022, with the low at 37.88% in Q4 2025.
  • Average Operating Margin over 5 years is 15.27%, with a median of 14.85% recorded in 2023.
  • The sharpest move saw Operating Margin surged 1930bps in 2022, then plummeted -6898bps in 2025.
  • Over 5 years, Operating Margin stood at 14.56% in 2021, then skyrocketed by 133bps to 33.86% in 2022, then crashed by -61bps to 13.08% in 2023, then skyrocketed by 138bps to 31.1% in 2024, then tumbled by -222bps to 37.88% in 2025.
  • According to Business Quant data, Operating Margin over the past three periods came in at 37.88%, 13.62%, and 10.62% for Q4 2025, Q3 2025, and Q2 2025 respectively.