Gray Television Inc (GTNA) Income Statement
GTNA 2024 at a glance
Fiscal year ended December 31, 2024 · U.S. dollarsGTNA revenue and net income
Where GTNA's revenue goes
2024Each bar shows an amount and its share of revenue. GTNA kept 10.3% of revenue as net income.
GTNA profit margins
GTNA growth rates
to 2024| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.1% | +14.7% | +11.4% | +21.8% |
| Gross profit | +22.7% | +15.7% | +9.3% | +18.8% |
| Operating income | +145.0% | +31.2% | +12.5% | +18.8% |
| Net income | — | +60.9% | +15.9% | +22.8% |
| EPS (diluted) | — | +104.4% | +21.5% | +15.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GTNA quarterly EPS vs estimates
Gray Television beat the analyst EPS estimate in 7 of the last 8 quarters.
GTNA income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.64B | $3.28B | $3.68B | $2.41B | $2.38B | $2.12B | $1.08B | $882.7M | $812.5M | $597.4M |
| Cost of revenue | $2.40B | $2.27B | $2.24B | $1.61B | $1.31B | $1.32B | $596.4M | $557.1M | $475.1M | $374.2M |
| Gross profit | $1.24B | $1.01B | $1.43B | $803.0M | $1.07B | $797.0M | $487.7M | $325.6M | $337.3M | $223.2M |
| Sales, general & admin | $104.0M | $227.0M | $102.0M | $159.0M | $65.0M | $104.0M | $40.9M | $31.5M | $40.3M | $34.3M |
| Total operating expenses | — | — | — | — | — | $1.64B | $695.4M | $591.5M | $578.3M | $457.3M |
| Operating income | $860.0M | $351.0M | $972.0M | $381.0M | $740.0M | $478.0M | $388.8M | $291.2M | $234.1M | $140.1M |
| Interest income | $485.0M | $440.0M | $354.0M | $205.0M | $191.0M | $227.0M | $106.6M | $95.3M | $97.2M | $74.4M |
| Interest expense | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income before taxes | $492.0M | −$82.0M | $614.0M | $168.0M | $544.0M | $255.0M | $287.6M | $193.3M | $105.7M | $65.7M |
| Income taxes | — | — | — | — | — | $76.0M | $76.8M | −$68.7M | $43.4M | $26.4M |
| Net income | $375.0M | −$76.0M | $455.0M | $90.0M | $410.0M | $179.0M | $210.8M | $262.0M | $62.3M | $39.3M |
| EBITDA | — | — | — | — | — | $500.0M | $387.5M | $295.4M | $191.3M | $131.7M |
| EPS (diluted) | $3.33 | −$1.39 | $4.34 | $0.39 | $3.70 | $1.26 | $2.38 | $3.46 | $0.86 | $0.56 |
| Gross margin | 34.1% | 30.9% | 39.0% | 33.3% | 44.9% | 37.6% | 45.0% | 36.9% | 41.5% | 37.4% |
| Operating margin | 23.6% | 10.7% | 26.4% | 15.8% | 31.1% | 22.5% | 35.9% | 33.0% | 28.8% | 23.4% |
| Net margin | 10.3% | −2.3% | 12.4% | 3.7% | 17.2% | 8.4% | 19.4% | 29.7% | 7.7% | 6.6% |
| Mar '25 | Dec '24 | Sep '24 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $782.0M | $1.04B | $950.0M | $803.0M | $813.0M | $801.0M | $1.07B | $909.0M | $868.0M | $827.0M | $721.0M | $601.0M |
| Cost of revenue | $597.0M | $624.0M | $593.0M | $575.0M | $563.0M | $614.0M | $596.0M | $552.0M | $540.0M | $554.0M | $472.0M | $397.0M |
| Gross profit | $185.0M | $421.0M | $357.0M | $228.0M | $250.0M | $187.0M | $476.0M | $357.0M | $328.0M | $273.0M | $249.0M | $204.0M |
| Sales, general & admin | $32.0M | $24.0M | $24.0M | $23.0M | $30.0M | $26.0M | $23.0M | $27.0M | $25.0M | $27.0M | $84.0M | $32.0M |
| Operating income | $93.0M | $335.0M | $256.0M | $84.0M | $119.0M | $64.0M | $345.0M | $245.0M | $218.0M | $164.0M | $105.0M | $67.0M |
| Interest income | $118.0M | $122.0M | $130.0M | $111.0M | $109.0M | $104.0M | $100.0M | $94.0M | $81.0M | $79.0M | $62.0M | $48.0M |
| Income before taxes | −$24.0M | $216.0M | $128.0M | −$37.0M | $9.0M | −$42.0M | $244.0M | $150.0M | $137.0M | $83.0M | $42.0M | $18.0M |
| Net income | −$9.0M | $169.0M | $96.0M | −$40.0M | $4.0M | −$31.0M | $186.0M | $108.0M | $99.0M | $62.0M | $29.0M | −$17.0M |
| EPS (diluted) | −$0.23 | $1.59 | $0.86 | −$0.57 | −$0.10 | −$0.48 | $1.88 | $1.03 | $0.91 | $0.52 | $0.17 | −$0.32 |
| Gross margin | 23.7% | 40.3% | 37.6% | 28.4% | 30.8% | 23.3% | 44.4% | 39.3% | 37.8% | 33.0% | 34.5% | 33.9% |
| Operating margin | 11.9% | 32.1% | 26.9% | 10.5% | 14.6% | 8.0% | 32.2% | 27.0% | 25.1% | 19.8% | 14.6% | 11.1% |
| Net margin | −1.2% | 16.2% | 10.1% | −5.0% | 0.5% | −3.9% | 17.4% | 11.9% | 11.4% | 7.5% | 4.0% | −2.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GTNA's financial statements (latest annual report filed —); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GTNA financial results
In fiscal year 2024 (ended December 31, 2024), Gray Television reported revenue of $3.6 billion, up 11.1% from the year before. It had net income of $375.0 million, a net profit margin of 10.3%. Diluted earnings per share came to $3.33. Over five years revenue grew at an average rate of 11.4% a year.
See the GTNA stock overview for the latest quote and news, or the GTNA chart for price history and technical indicators.
GTNA income statement FAQ
What is Gray Television's annual revenue?
Gray Television reported total revenue of $3.6 billion for fiscal year 2024, which ended on December 31, 2024. That was up 11.1% from $3.3 billion the previous year.
Is Gray Television profitable?
Yes. Gray Television reported net income of $375.0 million in fiscal 2024, a net profit margin of 10.3%; its operating margin was 23.6%.
What is Gray Television's gross margin?
Gray Television's gross margin was 34.1% in fiscal 2024: for every $100 of revenue, Gray Television kept $34 after the direct cost of its products and services.
How fast is Gray Television growing?
Revenue grew 11.4% a year on average over the last five fiscal years, from $2.1 billion to $3.6 billion.
What are Gray Television's earnings per share?
Gray Television earned $3.33 per diluted share in fiscal 2024, compared with $-1.39 a year earlier.
When does Gray Television's fiscal year end?
Gray Television's fiscal year ends in December. The latest annual report covers the year ended December 31, 2024.