GTN.A (Gray Media) COGS-to-Revenue : 0.76 (As of Mar. 2025)

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What is Gray Media COGS-to-Revenue?

Gray Media's Cost of Goods Sold for the three months ended in Mar. 2025 was $597 Mil. Its Revenue for the three months ended in Mar. 2025 was $782 Mil.

Gray Media's COGS to Revenue for the three months ended in Mar. 2025 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Gray Media's Gross Margin % for the three months ended in Mar. 2025 was 23.66%.

Gray Media COGS-to-Revenue Historical Data

The historical data trend for Gray Media's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gray Media COGS-to-Revenue Chart

Gray Media Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

COGS-to-Revenue

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0.58

0.67

0.61

0.73

0.66

Gray Media Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
COGS-to-Revenue	Get a 7-Day Free Trial															0.73	0.70	0.62	0.60	0.76

Gray Media COGS-to-Revenue Calculation

Gray Media's COGS to Revenue for the fiscal year that ended in Dec. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2400	/	3644
	=	0.66

Gray Media's COGS to Revenue for the quarter that ended in Mar. 2025 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	597	/	782
	=	0.76

Gray Media (NYSE:GTN.A) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Gray Media's Gross Margin % for the three months ended in Mar. 2025 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	597 / 782
	=	23.66 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Gray Media COGS-to-Revenue Related Terms

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Gray Media Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Gray Media Inc (NYSE:GTN.A) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GTN:USA GCZA:Germany GCZB:Germany

Address

4370 Peachtree Road NE, Suite 400, Atlanta, GA, USA, 30319

Website

https://www.gray.tv

Gray Media Inc is a multimedia company. The company owns and operates local television stations and digital assets. It also owns Gray Digital Media, a full-service digital agency offering national and local clients digital marketing strategies with digital products and services. Its additional media properties include video production companies Raycom Sports, Tupelo Media Group, and PowerNation Studios, and studio production facilities Assembly Atlanta and Third Rail Studios.