Gray Media (GTN) Net Margin (2010 - 2026)
Gray Media (GTN) posted quarterly Net Margin of 4.3% for Q1 2026, down 148.0% year-over-year from 8.95% in Q1 2025, and down 47.96% quarter-over-quarter from 2.9% in Q4 2025.
Gray Media (GTN) Net Margin (2010 - 2026) Analysis & Trends
Gray Media (GTN) has reported Net Margin for 17 consecutive years, with 4.3% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 148.0% year-over-year to 4.3%; the TTM figure through Mar 2026 stood at 4.8% (down 1108.0% YoY), while the FY2025 annual figure was 4.43%, down 1329.0% from the prior year.
- Net Margin declined to 4.3% in Q1 2026 per GTN's latest filing, from 2.9% in the prior quarter.
- Across five years, Net Margin topped out at 16.14% in Q4 2022 and bottomed at 8.94% in Q2 2025.
- Historically, Net Margin has averaged 2.27% across 5 years, with a median of 1.11% in 2023.
- Annual changes were most pronounced in 2023 — Net Margin tumbled 1868 bps — and 2024, when it jumped 1747 bps.
- Gray Media's Net Margin stood at 16.14% in 2022, then tumbled by 116 bps to 2.55% in 2023, then surged 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.
- Business Quant data shows GTN's Net Margin at 4.3% in Q1 2026, 2.9% in Q4 2025, and 3.07% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Nexstar Media | 5.70 Bn | 5.48 Bn | 1.06 Bn | 5.67% |
| 2 | Newsmax | 1.40 Bn | 1.35 Bn | 23.33 Mn | 5.30% |
| 3 | Gray Media | 482.16 Mn | 306.16 Mn | 270.00 Mn | 2.50% |
| 4 | iHeartMedia | 440.79 Mn | 266.35 Mn | 576.68 Mn | -8.45% |
| 5 | E.W. Scripps | 300.67 Mn | 287.63 Mn | 196.33 Mn | -238.13% |
| 6 | FuboTV | 298.77 Mn | -153.64 Mn | 399.10 Mn | -48.15% |
| 7 | CuriosityStream | 164.84 Mn | 116.45 Mn | 16.93 Mn | 38.21% |
| 8 | Mediaco Holding | 88.37 Mn | 86.56 Mn | -1.26 Mn | -25.36% |
| 9 | Saga Communications | 55.91 Mn | 28.06 Mn | 20.50 Mn | 3.64% |
| 10 | Beasley Broadcast | 37.55 Mn | 30.85 Mn | - | 191.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.50% |
| 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% |