📊 GTN-A Key Takeaways
Is GTN-A a Good Investment? Thesis Analysis
Gray Media faces structural challenges in a declining broadcasting sector with revenue down 15.1% YoY and interest coverage of 0.8x, meaning operating income fails to cover interest expenses—a critical solvency concern. While positive free cash flow of $181M provides near-term buffer, high leverage (2.65x D/E), persistent net losses, and unsustainable debt service requirements relative to operational earnings signal elevated financial distress risk.
Why Buy GTN-A? Key Strengths
- Positive free cash flow generation of $181M despite net losses, providing debt service capacity
- Operating income positive at $392M with 12.7% operating margin showing underlying business can generate earnings
- Net loss improved 38% YoY, suggesting operational stabilization after significant prior-year deterioration
GTN-A Investment Risks to Consider
- Critical: Interest coverage ratio of 0.8x—operating income insufficient to cover interest expenses, indicating solvency stress and potential covenant violations
- Revenue declined 15.1% YoY to $3.1B in challenged TV broadcasting sector facing structural headwinds from cord-cutting and digital migration
- High financial leverage (Debt/Equity 2.65x, $5.7B long-term debt vs $2.2B equity) limits flexibility and increases refinancing risk
Key Metrics to Watch
- Interest coverage ratio—must improve to >1.0x for sustainable operations
- Revenue trajectory—requires stabilization or recovery to support debt service
- Free cash flow sustainability—must remain positive to fund operations and service $5.7B debt
- Debt/Equity ratio—monitor deleveraging progress given operational challenges
GTN-A Financial Metrics
💡 AI Analyst Insight
GRAY MEDIA, INC presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
GTN-A Profitability Ratios
GTN-A vs Default Sector
How GRAY MEDIA, INC compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is GTN-A Overvalued or Undervalued?
Based on fundamental analysis, GRAY MEDIA, INC shows some fundamental concerns relative to the Default sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
GTN-A Balance Sheet & Liquidity
GTN-A 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: GRAY MEDIA, INC's revenue has grown significantly by 51% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.39 indicates the company is currently unprofitable.
GTN-A Growth Metrics (YoY)
GTN-A Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $749.0M | -$9.0M | $-0.24 |
| Q2 2025 | $772.0M | -$9.0M | $0.09 |
| Q1 2025 | $782.0M | -$9.0M | $-0.23 |
| Q3 2024 | $803.0M | $4.0M | $-0.57 |
| Q2 2024 | $813.0M | $4.0M | $0.09 |
| Q1 2024 | $801.0M | -$31.0M | $-0.48 |
| Q3 2023 | $803.0M | $4.0M | $-0.57 |
| Q2 2023 | $813.0M | $4.0M | $-0.10 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
GTN-A Capital Allocation
GTN-A SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for GRAY MEDIA, INC (CIK: 0000043196)
📋 Recent SEC Filings
❓ Frequently Asked Questions about GTN-A
What is the AI rating for GTN-A?
GRAY MEDIA, INC (GTN-A) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are GTN-A's key strengths?
Claude: Positive free cash flow generation of $181M despite net losses, providing debt service capacity. Operating income positive at $392M with 12.7% operating margin showing underlying business can generate earnings.
What are the risks of investing in GTN-A?
Claude: Critical: Interest coverage ratio of 0.8x—operating income insufficient to cover interest expenses, indicating solvency stress and potential covenant violations. Revenue declined 15.1% YoY to $3.1B in challenged TV broadcasting sector facing structural headwinds from cord-cutting and digital migration.
What is GTN-A's revenue and growth?
GRAY MEDIA, INC reported revenue of $3.1B.
Does GTN-A pay dividends?
GRAY MEDIA, INC pays dividends, with $33.0M distributed to shareholders in the trailing twelve months.
Where can I find GTN-A SEC filings?
Official SEC filings for GRAY MEDIA, INC (CIK: 0000043196) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is GTN-A's EPS?
GRAY MEDIA, INC has a diluted EPS of $-1.41.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is GTN-A a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, GRAY MEDIA, INC has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is GTN-A stock overvalued or undervalued?
Valuation metrics for GTN-A: ROE of -3.9% (sector avg: 15%), net margin of -2.7% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy GTN-A stock in 2026?
Our dual AI analysis gives GRAY MEDIA, INC a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is GTN-A's free cash flow?
GRAY MEDIA, INC's operating cash flow is $289.0M, with capital expenditures of $108.0M. FCF margin is 5.8%.
How does GTN-A compare to other Default stocks?
Vs Default sector averages: Net margin -2.7% (avg: 12%), ROE -3.9% (avg: 15%), current ratio 1.27 (avg: 1.8).