Also trades as: GTN-A (NYSE) · $vol 0M
GTN NYSE
Gray Media, Inc.
1W: -6.9%
1M: -6.1%
3M: +1.4%
YTD: -10.2%
1Y: -9.4%
3Y: -22.3%
5Y: -77.0%
$4.30
-0.07 (-1.60%)
After Hours: $4.38 (+0.08, +1.74%)
Weekly Expected Move ±5.4%
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Credit Risk of going bust: higher than 90% of companies Debt: 92.9% of company value Bonds: $508.2M held by 415 funds, 486 bp over Treasuries → details ▾
Of US companies ranked in the second-riskiest tenth, about 1 in 87 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.70 (down 60%), Gray Media, Inc. would be worth roughly what it owes.
Total debt $5.89B against a stock market value of $450.0M.
Distance to default 1.59 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.92B (short-term plus half of long-term), stock volatility 61.8%; Altman Z'' 0.84. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.70 (down 60%), Gray Media, Inc. would be worth roughly what it owes.
Total debt $5.89B against a stock market value of $450.0M.
Distance to default 1.59 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $2.92B (short-term plus half of long-term), stock volatility 61.8%; Altman Z'' 0.84. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Balance Sheet Trends
Total Assets
$10.4B
-1.0% ▼
5Y CAGR: +6.4%
Total Liabilities
$7.6B
+0.3% ▲
5Y CAGR: +7.8%
Shareholders Equity
$2.8B
-4.4% ▼
5Y CAGR: +3.1%
Cash & Investments
$368M
+172.6% ▲
5Y CAGR: -13.8%
Total Debt
$5.8B
+2.1% ▲
5Y CAGR: +7.6%
Net Debt
$5.4B
-2.0% ▼
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $189M | $61M | $21M | $135M | $368M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash & ST Investments | $189M | $61M | $21M | $135M | $368M |
| Net Receivables | $645M | $672M | $363M | $343M | $211M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $89M | $81M | $66M | $38M | $77M |
| Total Current Assets | $963M | $857M | $468M | $541M | $656M |
| Property, Plant & Equip. | $1.2B | $1.5B | $1.7B | $1.6B | $1.6B |
| Goodwill & Intangibles | $8.8B | $8.6B | $8.4B | $8.2B | $2.8B |
| Long-Term Investments | $117M | $105M | $85M | $66M | $37M |
| Other Non-Current Assets | $16M | $19M | $33M | $46M | $5.4B |
| Total Non-Current Assets | $10.1B | $10.3B | $10.2B | $10.0B | $9.8B |
| Total Assets | $11.1B | $11.2B | $10.6B | $10.5B | $10.4B |
| — Liabilities — | |||||
| Accounts Payable | $59M | $55M | $23M | $75M | $144M |
| Short-Term Debt | $15M | $15M | $15M | $20M | $2M |
| Deferred Revenue | $14M | $24M | $23M | $29M | $20M |
| Other Current Liabilities | $134M | $127M | $130M | $129M | $319M |
| Total Current Liabilities | $384M | $409M | $395M | $527M | $516M |
| Long-Term Debt | $6.7B | $6.4B | $6.1B | $5.6B | $5.7B |
| Other Non-Current Liab. | $43M | $15M | $51M | $72M | $18M |
| Total Non-Current Liabilities | $8.3B | $8.0B | $7.6B | $7.1B | $7.1B |
| Total Liabilities | $8.7B | $8.4B | $8.0B | $7.6B | $7.6B |
| — Equity — | |||||
| Common Stock | $1.2B | $1.2B | $1.2B | $1.3B | $1.3B |
| Retained Earnings | $869M | $1.2B | $1.1B | $1.4B | $1.2B |
| Accumulated OCI | -$27M | -$12M | -$23M | -$30M | -$4M |
| Total Stockholders Equity | $2.4B | $2.8B | $2.6B | $2.9B | $2.8B |
| Total Liabilities & Equity | $11.1B | $11.2B | $10.6B | $10.5B | $10.6B |
| — Key Metrics — | |||||
| Total Debt | $6.8B | $6.5B | $6.2B | $5.7B | $5.8B |
| Net Debt | $6.6B | $6.5B | $6.2B | $5.6B | $5.4B |
| Total Investments | $117M | $105M | $85M | $66M | $37M |