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Price (delayed)
$4.37
Market cap
$435.55M
P/E Ratio
2.88
Dividend/share
$0.32
EPS
$1.52
Enterprise value
$6.33B
Gray Television is a television broadcast company headquartered in Atlanta, Georgia. Gray is the largest owner of top-rated local television stations and digital assets in the United States ("U.S."). Gray
Highlights
The company's EPS has surged by 100% YoY
GTN's P/E is 79% lower than its 5-year quarterly average of 13.9
GTN's gross profit is up by 14% since the previous quarter but it is down by 7% year-on-year
The gross margin has grown by 9% from the previous quarter but it has contracted by 7% YoY
The quick ratio has contracted by 34% from the previous quarter and by 3.4% YoY
Key stats
What are the main financial stats of GTN
Market
Valuations
Earnings
Shares outstanding
99.67M
Market cap
$435.55M
Enterprise value
$6.33B
Price to book (P/B)
0.2
Price to sales (P/S)
0.12
EV/EBIT
8.52
EV/EBITDA
6.14
EV/Sales
1.83
Revenue
$3.46B
EBIT
$743M
EBITDA
$1.03B
Free cash flow
$303M
Per share
Balance sheet
Liquidity
EPS
$1.52
Free cash flow per share
$3.19
Book value per share
$21.37
Revenue per share
$36.45
TBVPS
$24.81
Total assets
$10.63B
Total liabilities
$7.85B
Debt
$5.97B
Equity
$2.13B
Working capital
$68M
Debt to equity
2.8
Current ratio
1.13
Quick ratio
0.84
Net debt/EBITDA
5.72
Margins
Efficiency
Dividend
EBITDA margin
29.8%
Gross margin
30.5%
Net margin
5.7%
Operating margin
18.5%
Return on assets
1.4%
Return on equity
7.1%
Return on invested capital
9.3%
Return on capital employed
7.3%
Return on sales
21.5%
Dividend yield
7.32%
DPS
$0.32
Payout ratio
21.1%
GTN stock price
How has the Gray Television stock price performed over time
Intraday
0.23%
1 week
-6.82%
1 month
-19.96%
1 year
-45.92%
YTD
-51.23%
QTD
-18.47%
Financial performance
How have Gray Television's revenue and profit performed over time
Revenue
$3.46B
Gross profit
$1.06B
Operating income
$639M
Net income
$197M
Gross margin
30.5%
Net margin
5.7%
GTN's net margin has surged by 68% year-on-year
The company's net income has surged by 66% YoY
The operating income rose by 35% QoQ
The operating margin is up by 29% since the previous quarter and by 2.2% year-on-year
Growth
What is Gray Television's growth rate over time
Valuation
What is Gray Television stock price valuation
P/E
2.88
P/B
0.2
P/S
0.12
EV/EBIT
8.52
EV/EBITDA
6.14
EV/Sales
1.83
The company's EPS has surged by 100% YoY
GTN's P/E is 79% lower than its 5-year quarterly average of 13.9
The P/B is 75% lower than the 5-year quarterly average of 0.8 and 33% lower than the last 4 quarters average of 0.3
The company's equity rose by 6% YoY and by 3.6% QoQ
The P/S is 76% lower than the 5-year quarterly average of 0.5 and 40% lower than the last 4 quarters average of 0.2
GTN's revenue is up by 4.4% since the previous quarter
Efficiency
How efficient is Gray Television business performance
GTN's ROA has soared by 133% YoY
The return on equity has surged by 115% year-on-year
The ROIC has increased by 35% QoQ and by 27% YoY
The company's return on sales rose by 27% QoQ and by 26% YoY
Dividends
What is GTN's dividend history
DPS
$0.32
Dividend yield
7.32%
Payout ratio
21.1%
Recent dividends
Special dividends are included in TTM DPS and yield
Financial health
How did Gray Television financials performed over time
GTN's total assets is 35% greater than its total liabilities
The quick ratio has contracted by 34% from the previous quarter and by 3.4% YoY
GTN's current ratio is down by 31% since the previous quarter and by 6% year-on-year
GTN's debt is 180% greater than its equity
Gray Television's debt to equity has decreased by 11% YoY and by 7% from the previous quarter
The company's equity rose by 6% YoY and by 3.6% QoQ
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.