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
DateValue
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%