Gray Television (GTN) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
3.6B
Gross Profit
1.2B
34.14%
Operating Income
871.0M
23.90%
Net Income
375.0M
10.29%
EPS (Diluted)
$3.36
Balance Sheet Metrics
Total Assets
10.5B
Total Liabilities
7.6B
Shareholders Equity
2.9B
Debt to Equity
2.59
Cash Flow Metrics
Operating Cash Flow
769.0M
Free Cash Flow
608.0M
Revenue & Profitability Trend
Gray Television Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 3.6B | 3.3B | 3.7B | 2.4B | 2.4B |
| Cost of Goods Sold | 2.4B | 2.4B | 2.2B | 1.6B | 1.4B |
| Gross Profit | 1.2B | 898.0M | 1.4B | 803.0M | 989.0M |
| Operating Expenses | 104.0M | 112.0M | 104.0M | 159.0M | 65.0M |
| Operating Income | 871.0M | 447.0M | 988.0M | 423.0M | 723.0M |
| Pre-tax Income | 492.0M | -82.0M | 614.0M | 168.0M | 544.0M |
| Income Tax | 117.0M | -6.0M | 159.0M | 78.0M | 134.0M |
| Net Income | 375.0M | -76.0M | 455.0M | 90.0M | 410.0M |
| EPS (Diluted) | $3.36 | -$1.39 | $4.33 | $0.40 | $3.69 |
Income Statement Trend
Gray Television Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 541.0M | 468.0M | 857.0M | 963.0M | 1.3B |
| Non-Current Assets | 10.0B | 10.2B | 10.3B | 10.1B | 6.3B |
| Total Assets | 10.5B | 10.6B | 11.2B | 11.1B | 7.6B |
| Liabilities | |||||
| Current Liabilities | 527.0M | 395.0M | 409.0M | 384.0M | 255.0M |
| Non-Current Liabilities | 7.1B | 7.6B | 8.0B | 8.3B | 5.0B |
| Total Liabilities | 7.6B | 8.0B | 8.4B | 8.7B | 5.2B |
| Equity | |||||
| Total Shareholders Equity | 2.9B | 2.6B | 2.8B | 2.4B | 2.4B |
Balance Sheet Composition
Gray Television Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 375.0M | -76.0M | 455.0M | 90.0M | 410.0M |
| Operating Cash Flow | 769.0M | 555.0M | 794.0M | 279.0M | 655.0M |
| Investing Activities | |||||
| Capital Expenditures | -143.0M | -348.0M | -436.0M | -207.0M | -110.0M |
| Investing Cash Flow | -28.0M | -291.0M | -503.0M | -3.5B | -211.0M |
| Financing Activities | |||||
| Dividends Paid | -84.0M | -82.0M | -82.0M | -83.0M | -52.0M |
| Financing Cash Flow | -609.0M | -397.0M | -454.0M | 2.6B | 120.0M |
| Free Cash Flow | 608.0M | 300.0M | 393.0M | 93.0M | 542.0M |
Cash Flow Trend
Gray Television Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
1.85
Forward P/E
-6.17
Price to Book
0.19
Price to Sales
0.13
PEG Ratio
-6.17
Profitability Ratios
Profit Margin
7.72%
Operating Margin
11.51%
Return on Equity
9.92%
Return on Assets
4.96%
Financial Health
Current Ratio
0.91
Debt to Equity
196.80
Beta
1.18
Per Share Data
EPS (TTM)
$2.34
Book Value per Share
$23.33
Revenue per Share
$37.73
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| gtn | 486.0M | 1.85 | 0.19 | 9.92% | 7.72% | 196.80 |
| Nexstar Media | 5.2B | 8.79 | 2.33 | 26.67% | 12.23% | 301.78 |
| Tegna | 2.7B | 5.96 | 0.89 | 15.93% | 15.29% | 102.14 |
| FuboTV | 1.1B | 15.60 | 2.66 | 21.45% | 4.41% | 96.85 |
| Sinclair | 955.2M | 6.73 | 2.19 | 43.96% | 3.72% | 1,179.08 |
| Gray Television | 474.1M | 3.81 | 0.38 | 9.92% | 7.72% | 196.80 |
Financial data is updated regularly. All figures are in the company's reporting currency.