Gray Media (GTN) Capital Expenditures (2010 - 2026)
Gray Media's Capital Expenditures came in at $17 million for Q2 2026, down 32.0% from $25 million a year earlier and down 10.5% from the prior quarter.
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Analysis
Gray Media (GTN) Capital Expenditures (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Gray Media reported Capital Expenditures of $104 million, down 13.3% year-over-year; for FY2025, it came in at $108 million, down 24.5% from FY2024.
- Capital Expenditures has declined in each of the last three years, with a five-year compound annual growth rate of -0.4% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $143 million in FY2024 (-58.9%), $348 million in FY2023 (-20.2%), $436 million in FY2022 (+110.6%) and $207 million in FY2021 (+88.2%).
- The Q2 2026 figure represents the lowest quarterly Capital Expenditures since Q1 2025.
- Year-over-year, Capital Expenditures increased in two of the last eight quarters, with an average decline of 23.1%.
- The fastest year-over-year change in Capital Expenditures over five years came in Q3 2022 (growth of 321.2%), and the weakest in Q2 2024 (a decline of 71.8%).
- Business Quant data shows GTN's Capital Expenditures at $19 million (Q1 2026), $43 million (Q4 2025) and $25 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.70 Bn | 63.36 Bn | 4.10 Bn | 276.00 Mn |
| 2 | Fox | 28.41 Bn | 14.21 Bn | - | 141.00 Mn |
| 3 | Omnicom | 22.53 Bn | 4.62 Bn | 1.30 Bn | 53.90 Mn |
| 4 | News | 16.96 Bn | 8.44 Bn | - | 146.00 Mn |
| 5 | Pearson | 11.84 Bn | 8.95 Bn | - | - |
| 6 | New York Times | 11.16 Bn | 8.64 Bn | 394.61 Mn | 10.11 Mn |
| 7 | Sirius Xm Holdings | 9.11 Bn | 8.68 Bn | 1.44 Bn | 130.00 Mn |
| 8 | Skydance | 7.66 Bn | 5.58 Bn | - | - |
| 9 | Wpp | 5.68 Bn | -6.36 Bn | - | - |
| 10 | Gray Media | 451.29 Mn | -533.71 Mn | 248.00 Mn | 17.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.00 Mn |
| Mar 31, 2026 | 19.00 Mn |
| Dec 31, 2025 | 43.00 Mn |
| Sep 30, 2025 | 25.00 Mn |
| Jun 30, 2025 | 25.00 Mn |
| Mar 31, 2025 | 15.00 Mn |
| Dec 31, 2024 | 40.00 Mn |
| Sep 30, 2024 | 40.00 Mn |
| Jun 30, 2024 | 29.00 Mn |
| Mar 31, 2024 | 34.00 Mn |
| Dec 31, 2023 | 60.00 Mn |
| Sep 30, 2023 | 75.00 Mn |
| Jun 30, 2023 | 103.00 Mn |
| Mar 31, 2023 | 110.00 Mn |
| Dec 31, 2022 | 138.00 Mn |
| Sep 30, 2022 | 139.00 Mn |
| Jun 30, 2022 | 112.00 Mn |
| Mar 31, 2022 | 47.00 Mn |
| Dec 31, 2021 | 53.00 Mn |
| Sep 30, 2021 | 33.00 Mn |
API Access
Gray Media Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GTN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "GTN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=GTN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();