Gray Media (GTN) Operating Margin (2010 - 2026)
Gray Media's Operating Margin was 16.21% in Q2 2026, up 5.59 percentage points from 10.62% a year earlier and up 5.66 percentage points from the prior quarter.
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Analysis
Gray Media (GTN) Operating Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Gray Media's Operating Margin was 13.82% through Jun 30, 2026, down 7.29 percentage points year-over-year; for FY2025, it came in at 12.67%, down 10.69 percentage points from FY2024.
- Operating Margin shows a five-year change of -18.92 percentage points (FY2020 to FY2025).
- In earlier years, Operating Margin was 23.35% in FY2024 (+11.68 pp), 11.67% in FY2023 (-15.26 pp), 26.93% in FY2022 (+11.14 pp) and 15.79% in FY2021 (-15.79 pp).
- The Q2 2026 figure marks the highest quarterly Operating Margin since Q4 2024.
- Compared with a year earlier, Operating Margin was higher in three of the last eight quarters, with an average year-over-year change of -0.25 percentage points.
- The best year-over-year quarter for Operating Margin over five years was Q4 2022 (a gain of 19.30 percentage points); the worst was Q4 2021 (a drop of 29.76 percentage points).
- Per Business Quant data, GTN's Operating Margin in the three quarters before Q2 2026 was 10.55% (Q1 2026), 14.65% (Q4 2025) and 13.62% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.70 Bn | 63.36 Bn | 4.10 Bn | 2.72% |
| 2 | Fox | 28.41 Bn | 14.21 Bn | - | - |
| 3 | Omnicom | 22.53 Bn | 4.62 Bn | 1.30 Bn | 14.06% |
| 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 | 15.48% |
| 7 | Sirius Xm Holdings | 9.11 Bn | 8.68 Bn | 1.44 Bn | 21.85% |
| 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 | 16.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.21% |
| Mar 31, 2026 | 10.55% |
| Dec 31, 2025 | 14.65% |
| Sep 30, 2025 | 13.62% |
| Jun 30, 2025 | 10.62% |
| Mar 31, 2025 | 11.76% |
| Dec 31, 2024 | 31.10% |
| Sep 30, 2024 | 26.32% |
| Jun 30, 2024 | 18.40% |
| Mar 31, 2024 | 15.07% |
| Dec 31, 2023 | 13.08% |
| Sep 30, 2023 | 10.46% |
| Jun 30, 2023 | 14.64% |
| Mar 31, 2023 | 8.36% |
| Dec 31, 2022 | 33.86% |
| Sep 30, 2022 | 26.95% |
| Jun 30, 2022 | 25.12% |
| Mar 31, 2022 | 19.83% |
| Dec 31, 2021 | 14.56% |
| Sep 30, 2021 | 11.15% |
API Access
Gray Media Operating 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=operating-margin&ticker=GTN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=GTN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();