Gray Media (GTN) Gross Margin (2018 - 2026)
Gray Media's Gross Margin came in at 29.56% for Q2 2026, up 5.08 percentage points from 24.48% a year earlier and up 5.47 percentage points from the prior quarter.
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Analysis
Gray Media (GTN) Gross Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Gray Media reported Gross Margin of 26.05%, down 6.41 percentage points year-over-year; for FY2025, it was 24.59%, down 9.55 percentage points from FY2024.
- Gross Margin carries a five-year change of -16.95 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 34.14% in FY2024 (+6.77 pp), 27.37% in FY2023 (-11.48 pp), 38.85% in FY2022 (+5.57 pp) and 33.28% in FY2021 (-8.26 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q4 2024.
- Year-over-year, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of -1.00 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q4 2024 (a gain of 13.32 percentage points), and the weakest in Q4 2021 (a drop of 18.12 percentage points).
- Business Quant data shows GTN's Gross Margin at 24.09% (Q1 2026), 25.51% (Q4 2025) and 24.70% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.70 Bn | 63.36 Bn | 4.10 Bn | 46.99% |
| 2 | Fox | 28.41 Bn | 14.21 Bn | - | - |
| 3 | Omnicom | 22.53 Bn | 4.62 Bn | 1.30 Bn | 19.78% |
| 4 | News | 16.96 Bn | 8.44 Bn | - | - |
| 5 | Pearson | 11.84 Bn | 8.95 Bn | - | - |
| 6 | New York Times | 11.16 Bn | 8.64 Bn | 394.61 Mn | 51.76% |
| 7 | Sirius Xm Holdings | 9.11 Bn | 8.68 Bn | 1.44 Bn | 66.57% |
| 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 | 29.56% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.56% |
| Mar 31, 2026 | 24.09% |
| Dec 31, 2025 | 25.51% |
| Sep 30, 2025 | 24.70% |
| Jun 30, 2025 | 24.48% |
| Mar 31, 2025 | 23.66% |
| Dec 31, 2024 | 40.29% |
| Sep 30, 2024 | 37.58% |
| Jun 30, 2024 | 29.90% |
| Mar 31, 2024 | 26.61% |
| Dec 31, 2023 | 26.97% |
| Sep 30, 2023 | 28.39% |
| Jun 30, 2023 | 30.75% |
| Mar 31, 2023 | 23.35% |
| Dec 31, 2022 | 44.31% |
| Sep 30, 2022 | 39.16% |
| Jun 30, 2022 | 37.56% |
| Mar 31, 2022 | 32.77% |
| Dec 31, 2021 | 34.54% |
| Sep 30, 2021 | 33.94% |
API Access
Gray Media Gross Margin 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=gross-margin&ticker=GTN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=GTN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();