GRAY MEDIA, INC
Company Stats
- Market Cap
- $465.5M
- as of Sep 30, 2026
- Enterprise Value
- $5.9B
- Shares Outstanding
- 103.0M
- Free Float
- 89.7%
Income Statement
- Revenue
- $3.1B
- Operating Income
- $392.0M
- Net Income
- -$85.0M
- EBITDA
- $525.0M
- Revenue Growth, 3Y
- -5.6%
- FCF Margin, 3Y Avg
- 10.6%
- FCF Margin, Worst Year
- 5.8%
Cash Flow
- Free Cash Flow
- $181.0M
- FCF Yield
- 38.9%
- Owner FCF Yield
- 34.2%
Balance Sheet
- Cash & Equivalents
- $368.0M
- Total Debt
- $5.8B
- Net Debt
- $5.4B
- Net Debt / EBITDA
- 10.37x
- EV / EBITDA
- 11.25x
- Net Debt / EBIT
- 13.88x
Returns & Capital
- Dividends Paid
- $33.0M
- Dividend Yield
- 7.1%
- SBC, 3Y Avg
- $21.3M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $3.1B | $181.0M | 5.8% |
| FY2024 | $3.6B | $608.0M | 16.7% |
| FY2023 | $3.3B | $300.0M | 9.1% |
| FY2022 | $3.7B | $393.0M | 10.7% |
| FY2021 | $2.4B | $93.0M | 3.9% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 17, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
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