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

Gray Media (GTN) has 17 years of Operating Margin data on file, last reported at 10.55% in Q1 2026.

• Operating Margin for Q1 2026 came in at 10.55%, down 122.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.37% (down 1036.0% YoY), and the FY2025 annual result was 12.67%, down 1069.0% from the prior year.
• Operating Margin eased to 10.55% in Q1 2026 per GTN's latest filing, from 14.65% in the prior quarter.
• Over five years, Operating Margin peaked at 33.86% in Q4 2022 and troughed at 33.22% in Q4 2023.
• A 5-year average of 15.18% and a median of 14.65% in 2025 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2022 and 2023: Operating Margin surged 6729 bps in 2022, then plunged 6708 bps in 2023.
• A 5-year view of Operating Margin shows it stood at 33.86% in 2022, then plunged by 198 bps to 33.22% in 2023, then jumped by 194 bps to 31.1% in 2024, then sank by 53 bps to 14.65% in 2025, then fell by 28 bps to 10.55% in 2026.
• Business Quant data shows GTN's Operating Margin at 10.55% in Q1 2026, 14.65% in Q4 2025, and 13.62% in Q3 2025.