Gray Media (GTN) Net Margin (2010 - 2026)

Gray Media's (GTN) quarterly Net Margin came in at 4.3% in Q1 2026, down 148.0% year-on-year from 8.95% in Q1 2025, and down 47.96% on a QoQ basis from 2.9% in Q4 2025.

Gray Media (GTN) Net Margin (2010 - 2026) Analysis & Trends

Gray Media (GTN) has 17 years of Net Margin data on file, last reported at 4.3% in Q1 2026.

  • On a quarterly basis, Net Margin fell 148.0% year-over-year to 4.3% in Q1 2026; TTM through Mar 2026 was 4.8%, a 1108.0% decrease from a year earlier, with the FY2025 full-year figure at 4.43%, down 1329.0% from the prior year.
  • Net Margin for Q1 2026 stood at 4.3%, down from 2.9% in the prior quarter.
  • Over the last five years, Net Margin for GTN reached as high as 16.14% in Q4 2022 and fell as low as 8.94% in Q2 2025.
  • Historically, Net Margin has averaged 2.27% across 5 years, with a median of 1.11% in 2023.
  • Across the five-year window, Net Margin sank 1868 bps in 2023 and surged 1747 bps in 2024, its largest moves.
  • Year by year, Net Margin stood at 16.14% in 2022, then tumbled by 116 bps to 2.55% in 2023, then jumped by 686 bps to 14.93% in 2024, then slumped by 119 bps to 2.9% in 2025, then tumbled by 48 bps to 4.3% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 4.3% in Q1 2026, 2.9% in Q4 2025, and 3.07% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Nexstar Media 5.66 Bn 5.23 Bn 785.00 Mn 11.46%
2 Newsmax 840.22 Mn 799.79 Mn 21.36 Mn -40.97%
3 iHeartMedia 565.51 Mn 430.46 Mn 509.13 Mn -10.81%
4 Gray Media 389.45 Mn 130.45 Mn 213.00 Mn -4.30%
5 E.W. Scripps 268.40 Mn 184.68 Mn 206.07 Mn -3.48%
6 FuboTV 251.35 Mn -201.06 Mn 399.10 Mn -48.16%
7 CuriosityStream 140.99 Mn 107.64 Mn 11.62 Mn -18.12%
8 Mediaco Holding 83.31 Mn 80.20 Mn -3.44 Mn -29.85%
9 Saga Communications 51.99 Mn 21.56 Mn 17.72 Mn -10.47%
10 Beasley Broadcast 37.48 Mn 31.05 Mn - 7.55%

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.30%
Dec 31, 2025 -2.90%
Sep 30, 2025 -3.07%
Jun 30, 2025 -8.94%
Mar 31, 2025 -2.81%
Dec 31, 2024 14.93%
Sep 30, 2024 8.74%
Jun 30, 2024 1.09%
Mar 31, 2024 9.11%
Dec 31, 2023 -2.55%
Sep 30, 2023 -6.60%
Jun 30, 2023 -1.11%
Mar 31, 2023 -5.49%
Dec 31, 2022 16.14%
Sep 30, 2022 10.45%
Jun 30, 2022 9.91%
Mar 31, 2022 5.93%
Dec 31, 2021 2.22%
Sep 30, 2021 -4.99%
Jun 30, 2021 4.75%