Gray Media (GTN) EBITDA Margin (2010 - 2026)
Gray Media's (GTN) quarterly EBITDA Margin came in at 20.26% in Q2 2026, up 550.0% year-over-year from 3.12% in Q2 2025, and up 36.5% quarter-over-quarter from 14.84% in Q1 2026.
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Gray Media (GTN) EBITDA Margin (2010 - 2026) Analysis & Trends
Gray Media (GTN) has reported EBITDA Margin for 17 consecutive years, with 20.26% the latest figure, recorded in Q2 2026.
- On a quarterly basis, EBITDA Margin rose 550.0% year-over-year to 20.26% in Q2 2026; TTM through Jun 2026 was 18.07%, a 692.0% decrease from a year earlier, with the FY2025 full-year figure at 16.96%, down 1034.0% from the prior year.
- EBITDA Margin was 20.26% for Q2 2026 at Gray Media, up from 14.84% in the prior quarter.
- Over five years, EBITDA Margin peaked at 36.94% in Q4 2022 and troughed at 12.73% in Q1 2023.
- A 5-year average of 21.88% and a median of 19.19% in 2023 frame the typical range for EBITDA Margin.
- Across the five-year window, EBITDA Margin jumped 1849 bps in 2022 and tumbled 1935 bps in 2023, its largest moves.
- Over 5 years, EBITDA Margin stood at 36.94% in 2022, then slumped by 52 bps to 17.59% in 2023, then surged by 96 bps to 34.55% in 2024, then plunged by 45 bps to 18.94% in 2025, then rose by 7 bps to 20.26% in 2026.
- The last three EBITDA Margin figures came in at 20.26% (Q2 2026), 14.84% (Q1 2026), and 18.94% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 70.82 Bn | 67.45 Bn | 4.10 Bn | 2.72% |
| 2 | Fox | 24.97 Bn | 20.77 Bn | - | 21.87% |
| 3 | Paramount Skydance | 11.50 Bn | 8.23 Bn | -2.08 Bn | - |
| 4 | Versant Media | 5.26 Bn | 3.78 Bn | 994.00 Mn | 22.32% |
| 5 | Nexstar Media | 5.25 Bn | 5.03 Bn | 1.06 Bn | 18.16% |
| 6 | Newsmax | 1.41 Bn | 1.36 Bn | 23.33 Mn | 3.38% |
| 7 | AMC Global Media | 510.60 Mn | 46.60 Mn | 258.71 Mn | 2.90% |
| 8 | Gray Media | 475.79 Mn | 299.79 Mn | 270.00 Mn | 20.26% |
| 9 | Starz Entertainment | 427.39 Mn | 325.29 Mn | - | - |
| 10 | E.W. Scripps | 297.45 Mn | 284.40 Mn | 196.33 Mn | -233.33% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.26% |
| Mar 31, 2026 | 14.84% |
| Dec 31, 2025 | 18.94% |
| Sep 30, 2025 | 18.02% |
| Jun 30, 2025 | 14.77% |
| Mar 31, 2025 | 16.11% |
| Dec 31, 2024 | 34.55% |
| Sep 30, 2024 | 30.11% |
| Jun 30, 2024 | 22.76% |
| Mar 31, 2024 | 19.44% |
| Dec 31, 2023 | 17.59% |
| Sep 30, 2023 | 14.94% |
| Jun 30, 2023 | 18.94% |
| Mar 31, 2023 | 12.73% |
| Dec 31, 2022 | 36.94% |
| Sep 30, 2022 | 30.58% |
| Jun 30, 2022 | 28.69% |
| Mar 31, 2022 | 23.70% |
| Dec 31, 2021 | 18.45% |
| Sep 30, 2021 | 15.47% |