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Price (delayed)
$5.44
Market cap
$542.19M
P/E Ratio
68
Dividend/share
$0.32
EPS
$0.08
Enterprise value
$6.68B
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 quick ratio has grown by 25% YoY and by 9% from the previous quarter
The company's EPS has surged by 173% QoQ but it has shrunk by 97% YoY
The company's net income has shrunk by 77% YoY but it rose by 42% QoQ
GTN's gross profit is down by 27% year-on-year
The gross margin has contracted by 21% YoY
Key stats
What are the main financial stats of GTN
Market
Valuations
Earnings
Shares outstanding
99.67M
Market cap
$542.19M
Enterprise value
$6.68B
Price to book (P/B)
0.26
Price to sales (P/S)
0.16
EV/EBIT
11.95
EV/EBITDA
7.73
EV/Sales
2.01
Revenue
$3.32B
EBIT
$559M
EBITDA
$864M
Free cash flow
$77M
Per share
Balance sheet
Liquidity
EPS
$0.08
Free cash flow per share
$0.81
Book value per share
$20.73
Revenue per share
$34.91
TBVPS
$24.41
Total assets
$10.63B
Total liabilities
$7.93B
Debt
$6.21B
Equity
$2.06B
Working capital
$207M
Debt to equity
3.02
Current ratio
1.63
Quick ratio
1.27
Net debt/EBITDA
7.1
Margins
Efficiency
Dividend
EBITDA margin
26.1%
Gross margin
28%
Net margin
1.8%
Operating margin
14.3%
Return on assets
0.1%
Return on equity
0.4%
Return on invested capital
6.9%
Return on capital employed
5.4%
Return on sales
16.9%
Dividend yield
5.88%
DPS
$0.32
Payout ratio
400%
GTN stock price
How has the Gray Television stock price performed over time
Intraday
1.87%
1 week
2.45%
1 month
11.93%
1 year
-13.1%
YTD
-39.29%
QTD
1.49%
Financial performance
How have Gray Television's revenue and profit performed over time
Revenue
$3.32B
Gross profit
$927M
Operating income
$473M
Net income
$61M
Gross margin
28%
Net margin
1.8%
The company's net income has shrunk by 77% YoY but it rose by 42% QoQ
GTN's net margin has dropped by 76% year-on-year but it is up by 38% since the previous quarter
The operating income fell by 40% YoY but it rose by 8% QoQ
The operating margin is down by 35% year-on-year but it is up by 8% since the previous quarter
Growth
What is Gray Television's growth rate over time
Valuation
What is Gray Television stock price valuation
P/E
68
P/B
0.26
P/S
0.16
EV/EBIT
11.95
EV/EBITDA
7.73
EV/Sales
2.01
The company's EPS has surged by 173% QoQ but it has shrunk by 97% YoY
The P/B is 68% lower than the 5-year quarterly average of 0.8 and 13% lower than the last 4 quarters average of 0.3
The P/S is 68% lower than the 5-year quarterly average of 0.5 and 20% lower than the last 4 quarters average of 0.2
GTN's revenue is down by 8% year-on-year
Efficiency
How efficient is Gray Television business performance
The return on equity has surged by 200% since the previous quarter but it has dropped by 96% year-on-year
GTN's ROA has soared by 200% QoQ but it has shrunk by 95% YoY
The ROIC has decreased by 25% YoY but it has increased by 6% QoQ
The company's return on sales fell by 21% YoY but it rose by 6% QoQ
Dividends
What is GTN's dividend history
DPS
$0.32
Dividend yield
5.88%
Payout ratio
400%
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 34% greater than its total liabilities
The quick ratio has grown by 25% YoY and by 9% from the previous quarter
GTN's current ratio is up by 15% since the previous quarter and by 14% year-on-year
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.