Growth Metrics

Gray Media (GTN) Operating Margin (2016 - 2025)

Gray Media (GTN) has disclosed Operating Margin for 16 consecutive years, with 14.65% as the latest value for Q4 2025.

  • On a quarterly basis, Operating Margin rose 5512.0% to 14.65% in Q4 2025 year-over-year; TTM through Dec 2025 was 12.67%, a 984.0% increase, with the full-year FY2025 number at 12.67%, up 984.0% from a year prior.
  • Operating Margin was 14.65% for Q4 2025 at Gray Media, up from 13.62% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 26.95% in Q3 2022 to a low of 46.46% in Q4 2022.
  • A 5-year average of 7.98% and a median of 14.6% in 2023 define the central range for Operating Margin.
  • Peak YoY movement for Operating Margin: tumbled -6102bps in 2022, then soared 5512bps in 2025.
  • Gray Media's Operating Margin stood at 14.56% in 2021, then crashed by -419bps to 46.46% in 2022, then increased by 28bps to 33.22% in 2023, then dropped by -22bps to 40.48% in 2024, then soared by 136bps to 14.65% in 2025.
  • Per Business Quant, the three most recent readings for GTN's Operating Margin are 14.65% (Q4 2025), 13.62% (Q3 2025), and 10.62% (Q2 2025).