Gray Media, Inc. Class A (GTN.A) AI Stock Analysis

Gray Media, Inc. Class A

(NYSE:GTN.A)

Select Model

Rating:59Neutral

Price Target:$8.00▲(3.63% Upside)

Action:reiterated

Date:10/31/26

The score is held back primarily by financial risk: high leverage and volatile/weak net profitability despite positive free cash flow. Offsetting this, technical indicators show strong upward momentum, and the earnings call was notably constructive on political advertising upside and debt-reduction actions. Valuation is mixed—an appealing dividend yield, but a negative P/E tied to losses.

Positive Factors

Retransmission RevenueNet retransmission provides a relatively durable revenue stream with margins above 40% and contracts secured through 2027. Expected organic growth and acquired-station contributions could support recurring cash generation and reduce dependence on more volatile advertising demand.

Negative Factors

High LeverageLeverage remains a major structural constraint for a cyclical, advertising-driven broadcaster. High debt increases interest obligations and limits flexibility for acquisitions, investment, or downturn protection, while the 5.73x net leverage ratio leaves execution dependent on sustained cash generation.

Gray Media, Inc. Class A (GTN.A) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $429.88M
Dividend Yield: 3.95%
Average Volume (3M): 5,461
Price to Earnings (P/E): -9.6
Beta (1Y): -0.79
Revenue Growth: -11.30%
EPS Growth: -138.09%
Country: US
Employees: 9,582
Sector: Communication Services
Sector Strength: 60
Industry: Broadcasting

Gray Media, Inc. Class A Business Overview & Revenue Model

Company Description

Gray Television, Inc., a broadcasting powerhouse headquartered in Atlanta, Georgia since its establishment in 1891, stands as a key player in the United States' television landscape. This entity, which adopted its current name in August 2002 (previou...

Gray Media, Inc. Class A Financial Statement Overview

Summary

Overall financial quality is constrained by inconsistent profitability and heavy leverage. Despite a sharp TTM revenue rebound (+217.5%), net income is slightly negative (-$26M) with a -0.8% net margin, and the balance sheet is debt-loaded (debt-to-equity ~2.16x). Positive TTM free cash flow (~$146M) provides support, but operating cash flow coverage is modest (~0.48x) versus stronger prior years.

Income Statement

44Neutral

Balance Sheet

38Negative

Cash Flow

56Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.15B	3.10B	3.64B	3.28B	3.68B	2.41B
Gross Profit	820.00M	761.00M	1.24B	898.00M	1.43B	803.00M
EBITDA	438.00M	598.00M	1.25B	734.00M	1.38B	632.00M
Net Income	-26.00M	-85.00M	375.00M	-76.00M	455.00M	90.00M
Balance Sheet
Total Assets	10.44B	10.44B	10.54B	10.64B	11.15B	11.11B
Cash, Cash Equivalents and Short-Term Investments	176.00M	368.00M	135.00M	21.00M	61.00M	189.00M
Total Debt	5.89B	5.81B	5.69B	6.24B	6.53B	6.83B
Total Liabilities	7.71B	7.63B	7.61B	8.02B	8.39B	8.70B
Stockholders Equity	2.73B	2.81B	2.93B	2.62B	2.77B	2.41B
Cash Flow
Free Cash Flow	146.00M	181.00M	608.00M	300.00M	393.00M	93.00M
Operating Cash Flow	250.00M	289.00M	751.00M	648.00M	829.00M	300.00M
Investing Cash Flow	-339.00M	-63.00M	-28.00M	-291.00M	-503.00M	-3.53B
Financing Cash Flow	66.00M	7.00M	-609.00M	-397.00M	-454.00M	2.65B

Gray Media, Inc. Class A Technical Analysis

Technical Analysis SentimentPositive

Last Price7.72

Price Trends

50DMA5.66Positive

100DMA6.29Positive

200DMA8.58Negative

Market Momentum

MACD0.33Negative

RSI64.92Neutral

STOCH61.07Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTN.A, the sentiment is Positive. The current price of 7.72 is above the 20-day moving average (MA) of 5.78, above the 50-day MA of 5.66, and below the 200-day MA of 8.58, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 64.92 is Neutral, neither overbought nor oversold. The STOCH value of 61.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GTN.A.

Gray Media, Inc. Class A Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

GTN.A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
GTN.A	59Neutral	$494.28M	-9.55	-0.94%	3.95%	-11.30%	-138.09%

* Communication Services Sector Average

Performance Comparison

GTN.A and its peers over the selected period
Show on chart	Ticker	Company Name	Price	Change	% Change
	GTN.A	Gray Media, Inc. Class A	7.72	-1.23	-13.72%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 31, 2026

Gray Media, Inc. Class A AI Stock Analysis