Gray Media (GTN) Gross Margin (2018 - 2026)
Gray Media's (GTN) quarterly Gross Margin came in at 27.73% in Q1 2026, up 152.0% year-on-year from 11.01% in Q1 2025, and down 6.53% on a QoQ basis from 29.67% in Q4 2025.
Gray Media (GTN) Gross Margin (2018 - 2026) Analysis & Trends
Gray Media (GTN) has 9 years of Gross Margin data on file, last reported at 27.73% in Q1 2026.
- On a quarterly basis, Gross Margin rose 152.0% year-over-year to 27.73% in Q1 2026; TTM through Mar 2026 was 62.54%, a 3532.0% decrease from a year earlier, with the FY2025 full-year figure at 27.66%, down 7006.0% from the prior year.
- Gross Margin for Q1 2026 stood at 27.73%, down from 29.67% in the prior quarter.
- Over the last five years, Gross Margin for GTN reached as high as 256.56% in Q4 2024 and fell as low as 152.31% in Q4 2023.
- Historically, Gross Margin has averaged 47.4% across 5 years, with a median of 35.91% in 2022.
- Across the five-year window, Gross Margin soared 40887 bps in 2024 and slumped 22688 bps in 2025, its largest moves.
- Year by year, Gross Margin stood at 46.83% in 2022, then tumbled by 425 bps to 152.31% in 2023, then jumped by 268 bps to 256.56% in 2024, then slumped by 88 bps to 29.67% in 2025, then fell by 7 bps to 27.73% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 27.73% in Q1 2026, 29.67% in Q4 2025, and 97.06% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.66 Bn | 5.23 Bn | 785.00 Mn | 56.23% |
| 2 | Newsmax | 840.22 Mn | 799.79 Mn | 21.36 Mn | 294.45% |
| 3 | iHeartMedia | 565.51 Mn | 430.46 Mn | 509.13 Mn | 57.58% |
| 4 | Gray Media | 389.45 Mn | 130.45 Mn | 213.00 Mn | 27.73% |
| 5 | E.W. Scripps | 268.40 Mn | 184.68 Mn | 206.07 Mn | 39.87% |
| 6 | FuboTV | 251.35 Mn | -201.06 Mn | 399.10 Mn | 106.36% |
| 7 | CuriosityStream | 140.99 Mn | 107.64 Mn | 11.62 Mn | 60.51% |
| 8 | Mediaco Holding | 83.31 Mn | 80.20 Mn | -3.44 Mn | -10.95% |
| 9 | Saga Communications | 51.99 Mn | 21.56 Mn | 17.72 Mn | 77.48% |
| 10 | Beasley Broadcast | 37.48 Mn | 31.05 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 27.73% |
| Dec 31, 2025 | 29.67% |
| Sep 30, 2025 | 97.06% |
| Jun 30, 2025 | 97.41% |
| Mar 31, 2025 | 26.21% |
| Dec 31, 2024 | 256.56% |
| Sep 30, 2024 | 39.89% |
| Jun 30, 2024 | 31.60% |
| Mar 31, 2024 | 29.16% |
| Dec 31, 2023 | -152.31% |
| Sep 30, 2023 | 30.64% |
| Jun 30, 2023 | 98.65% |
| Mar 31, 2023 | 30.71% |
| Dec 31, 2022 | 46.83% |
| Sep 30, 2022 | 40.92% |
| Jun 30, 2022 | 39.17% |
| Mar 31, 2022 | 35.91% |
| Dec 31, 2021 | 37.73% |
| Sep 30, 2021 | 36.11% |
| Jun 30, 2021 | 98.35% |