Gray Media (GTN) Gross Margin (2018 - 2026)
Gray Media (GTN) posted quarterly Gross Margin of 27.73% for Q1 2026, up 152.0% year-over-year from 11.01% in Q1 2025, and down 6.53% quarter-over-quarter from 29.67% in Q4 2025.
Gray Media (GTN) Gross Margin (2018 - 2026) Analysis & Trends
Gray Media (GTN) has reported Gross Margin for 9 consecutive years, with 27.73% the latest figure, recorded in Q1 2026.
- In Q1 2026, Gross Margin rose 152.0% year-over-year to 27.73%; the TTM figure through Mar 2026 stood at 62.54% (down 3532.0% YoY), while the FY2025 annual figure was 27.66%, down 7006.0% from the prior year.
- Gross Margin declined to 27.73% in Q1 2026 per GTN's latest filing, from 29.67% in the prior quarter.
- Across five years, Gross Margin topped out at 256.56% in Q4 2024 and bottomed at 152.31% in Q4 2023.
- Historically, Gross Margin has averaged 47.4% across 5 years, with a median of 35.91% in 2022.
- Annual changes were most pronounced in 2024 — Gross Margin surged 40887 bps — and 2025, when it plunged 22688 bps.
- Gray Media's Gross Margin stood at 46.83% in 2022, then tumbled by 425 bps to 152.31% in 2023, then surged by 268 bps to 256.56% in 2024, then slumped by 88 bps to 29.67% in 2025, then dropped by 7 bps to 27.73% in 2026.
- Business Quant data shows GTN's Gross Margin at 27.73% in Q1 2026, 29.67% in Q4 2025, and 97.06% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.70 Bn | 5.49 Bn | 1.06 Bn | 53.39% |
| 2 | Newsmax | 1.42 Bn | 1.37 Bn | 23.33 Mn | 43.12% |
| 3 | Gray Media | 480.69 Mn | 304.69 Mn | 270.00 Mn | 32.18% |
| 4 | iHeartMedia | 451.04 Mn | 276.60 Mn | 576.68 Mn | 59.01% |
| 5 | E.W. Scripps | 305.74 Mn | 292.69 Mn | 196.33 Mn | 40.03% |
| 6 | FuboTV | 303.42 Mn | -148.99 Mn | 399.10 Mn | 106.36% |
| 7 | CuriosityStream | 167.80 Mn | 119.41 Mn | 16.93 Mn | 72.84% |
| 8 | Mediaco Holding | 85.89 Mn | 84.08 Mn | -1.26 Mn | -3.70% |
| 9 | Saga Communications | 56.04 Mn | 28.20 Mn | 20.50 Mn | 77.63% |
| 10 | Beasley Broadcast | 37.30 Mn | 30.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.18% |
| 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% |