Gray MediaGTN +0.51%65 Net Margin % is -2.60% as of Mar. 2026. GuruFocus rates GTN with a GF Score™ of 65/100 and a GF Value™ of $3.65 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,024 Media - Diversified companies, Gray Media ranks worse than 61.72% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Gray Media's Net Income for the
three
months ended in Mar. 2026 was $-20 Mil. Gray Media's Revenue for the
three
months ended in Mar. 2026 was $768 Mil. Therefore, Gray Media's net margin for the quarter that ended in Mar. 2026 was -2.60%.
The historical rank and industry rank for Gray Media's Net Margin % or its related term are showing as below:
GTN'
s Net Margin % Range Over the Past 10 Years
Min: -3.12 Med: 9.37 Max: 29.67
Current: -3.12
GTN's Net Margin % is ranked worse than 61.72% of 1024
companies
in the Media - Diversified industry
Industry Median: 1.225
vs GTN: -3.12
Gray Media (NYSE:GTN) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Gray Media Net Margin % Related Terms
Gray Media Net Margin % Historical Data
* Premium members only.
The historical data trend for Gray Media's Net Margin % 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.
For the Broadcasting subindustry, Gray Media's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gray Media Net Margin % vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Gray Media's Net Margin % distribution charts can be found below:
* The bar in red indicates where Gray Media's Net Margin % falls into.
* 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.
Gray Media (GTN) has a Net Margin % of -2.60% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Gray Media and its competitors. According to the industry distribution chart, Gray Media ranks #632 out of 1024 companies in the Media - Diversified industry, placing it in the top 61.7%.
Is Gray Media's Net Margin % too high?
Gray Media's current Net Margin % is -2.60%. Based on the distribution chart, Gray Media ranks #632 out of 1024 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Gray Media has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gray Media's Net Margin % compare to SSP and FUBO?
According to the Media - Diversified industry distribution chart, Gray Media ranks #632 out of 1024 companies for Net Margin %. This places Gray Media in the lower half of its industry. The industry median Net Margin % is 1.23. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Media - Diversified company?
The median Net Margin % among Media - Diversified companies is 1.23, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Gray Media and its competitors. For the Media - Diversified industry, the median Net Margin % is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gray Media's current Net Margin % is -2.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gray Media stock overvalued right now?
Based on GuruFocus' analysis, Gray Media (GTN) is currently considered Fairly Valued. The stock's GF Value™ is $3.65, compared to a current price of $3.95 — trading 8.2% above its estimated fair value. The current Net Margin % is -2.60%. Gray Media's overall GF Score™ is 65/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Gray Media (GTN), the current Net Margin % is -2.60% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Gray Media (GTN) Overvalued in 2026?
Based on GuruFocus' analysis, Gray Media stock appears to be overvalued.
The current stock price of $3.95 is trading 8.2% above its estimated GF Value™ of $3.65.
GuruFocus considers Gray Media to be Fairly Valued.
Key valuation signals for GTN:
Net Margin %: -2.60%
GF Value™: $3.65 vs. price of $3.95 (8.2% above fair value)
No single metric tells the full story. See the GTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The company's segments include Broadcasting and Production Companies. The majority of revenue is derived from broadcast and digital advertising and from retransmission consent fees.
65GF Score
Get the complete analysis for GTN
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GTN has been successfully added to your 
