What is the 13F Pro Quality Score for GTN?

13F Pro ranks GRAY MEDIA, INC (GTN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View GTN's current score at https://13fpro.ai/company/GTN (free sign-up required for the full ranking).

Which hedge funds own the most GTN stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of GTN include MILLER VALUE PARTNERS,, CAPITAL MANAGEMENT /VA, BlackRock,. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/GTN as soon as new 13F filings post.

Where does 13F Pro source GTN data?

All GRAY MEDIA, INC fundamentals and ownership data come directly from SEC EDGAR. GRAY MEDIA, INC files with the SEC under CIK 43196. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is GTN in?

GRAY MEDIA, INC (GTN) is classified in the Communication Services sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/communication-services.

What drives GTN's revenue?

Per GRAY MEDIA, INC's latest 10-Q filed with the SEC on 2026-08-07, the biggest revenue drivers are: Broadcasting ($813M, +8% YoY); Production Companies ($26M, +44% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/GTN.

What are GTN's largest expenses?

GRAY MEDIA, INC's latest 10-Q reports these as the largest expense items: Broadcasting operating expenses (before D&A and disposal gains/losses) ($569M, +1% YoY); Interest expense ($117M, Flat YoY); Corporate and administrative expenses (before D&A and disposal gains/losses) ($37M, +48% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

How often is GTN research updated on 13F Pro?

GTN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

GRAY MEDIA, INC(GTN)Stock Analysis

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Communication Services →NYSEsmall

Institutional-grade research for retail investors

SEC EDGAR: CIK 43196 GTN stock profile & AI dashboard →

13F Pro Quality Score

42.2/100

Rank #2,030 of 2,961 stocks

View Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

19.5/100

Profitability

25.8/100

Balance Sheet

33.4/100

Earnings Quality

90.9/100

Free Cash Flow

41.0/100

Institutional Flow

11.4/100

Revenue Scale

70.6/100

Dilution Risk

66.8/100

Email me the moment this company reports earnings

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Why GTN Scores 42/100

exact factor attribution · 2026-09-11

GTN's composite is driven by earnings quality and scale, held back by revenue growth and profitability. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Earnings quality

+4.1 pts

91th pct

Scale

+3.1 pts

71th pct

Shareholder dilution

+0.8 pts

67th pct

Earnings growth

-1.1 pts

28th pct

Free cash flow

-1.4 pts

41th pct

Capital efficiency

-1.7 pts

33th pct

Institutional flow

-1.9 pts

11th pct

Profitability

-3.6 pts

26th pct

Revenue growth

-6.1 pts

20th pct

Latest change (2026-08-07): 38 → 42 · ↑ Profit margin 24→37

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

GTN Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for GRAY MEDIA, INC (GTN), a Communication Services sector company. 13F Pro's AI-powered ranking engine scores GTN at 42.2/100 on a 32-signal composite quality model, placing it at rank #2,030 of 2,961 stocks — the bottom half of the AI-ranked universe. GTN scores in the top quartile across earnings quality (90.9). Areas of concern include institutional flow (11.4) and revenue growth (19.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), GRAY MEDIA, INC reports quarterly revenue of $839.0M, net income of $14.0M, an operating margin of 16.2%. Top institutional holders of GTN by reported 13-F value include MILLER VALUE PARTNERS, CAPITAL MANAGEMENT, BlackRock, based on the most recent SEC filings. GTN trades on the NYSE exchange and files with the SEC under CIK 43196. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GTN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for GRAY MEDIA, INC directly from SEC EDGAR. GRAY MEDIA, INC's 13F Pro composite quality score has ranged between 37 and 60 since 2024, currently 42.2 — a declining long-term trajectory across 55 quarterly and live scoring snapshots.

What's Driving GTN's Business? Latest 10-Q Breakdown

AI-extracted from GRAY MEDIA, INC's 10-Q filed 2026-08-07 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Gray Media Q2 revenue rose 9% to $839M, driven by $41M from 2026 acquisitions and $74M political advertising surge in even-year election cycle.

Biggest Revenue Drivers

Broadcasting$813M+8% YoY

Political advertising surged $74M in even-year election cycle; core advertising declined $4M from macro softness; retransmission consent down $10M from subscriber losses and satellite dispute.

Production Companies$26M+44% YoY

Increase in sports production contracts.

Biggest Revenue Drivers

Total revenue: $839M+9% YoY

Broadcasting$813M+8% YoY

Political advertising surged $74M in even-year election cycle; core advertising declined $4M from macro softness; retransmission consent down $10M from subscriber losses and satellite dispute.

Production Companies$26M+44% YoY

Increase in sports production contracts.

Largest Expense Items

Broadcasting operating expenses (before D&A and disposal gains/losses)$569M+1% YoY

Payroll increased $18M from 2026 acquisitions staffing; network affiliation fees down offset by software and professional services increases.

Interest expense$117MFlat YoY

No change from prior year quarter.

Corporate and administrative expenses (before D&A and disposal gains/losses)$37M+48% YoY

Transaction-related professional service expenses.

Amortization of intangible assets$21M-25% YoY

Finite-lived intangible assets became fully amortized, offset by amortization of acquired intangibles.

Margins: Operating margin improved to 16% in Q2 2026 from 11% in Q2 2025. Broadcasting margins benefited from operating leverage on higher political and total revenue despite core advertising softness and retransmission headwinds.

Watch Items from the Filing

Retransmission consent revenue declined $10M in Q2 2026 (3% YoY). Satellite TV distributor dispute removed stations from platform March-May 2026; resolved May 1. Further subscriber erosion and distribution disputes could pressure this 43% revenue segment.
Core advertising (44% of revenue) declined $4M YoY in Q2 2026 despite acquisitions. Macro softness evident. Services sector (27%) and automotive (17%) represent largest advertising customer segments and are cyclical.
Total net debt $5.7B as of June 30, 2026; total net leverage ratio 5.73x (max 7.0x permitted). Company remains highly leveraged. Q2 generated only $124M operating cash (down from $163M YoY) while capex and M&A consumed $290M in investing cash.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$839.0M

Net Income

Q2 2026

$14.0M

Free Cash Flow

Q2 2026

$106.0M

Operating Margin

Q2 2026

16.2%

ROIC

Q2 2026

6.9%

D/E Ratio

Q2 2026

2.73

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

-15.1% YoY

$3.10BFY 2025

FY22 $3.68BFY23 $3.28BFY24 $3.64BFY25 $3.10B

Net Income

-122.7% YoY

$-85.0MFY 2025

FY22 $455.0MFY23 $-76.0MFY24 $375.0MFY25 $-85.0M

Operating Income

-53.9% YoY

$392.0MFY 2025

FY22 $990.0MFY23 $383.0MFY24 $851.0MFY25 $392.0M

EPS (Diluted)

-142.0% YoY

$-1.41FY 2025

FY22 $4.33FY23 $-1.39FY24 $3.36FY25 $-1.41

Total Assets

-1.0% YoY

$10.44BFY 2025

FY22 $11.15BFY23 $10.64BFY24 $10.54BFY25 $10.44B

Total Debt

+2.2% YoY

$5.74BFY 2025

FY22 $6.51BFY23 $6.21BFY24 $5.62BFY25 $5.74B

Op. Cash Flow

-61.5% YoY

$289.0MFY 2025

FY22 $829.0MFY23 $648.0MFY24 $751.0MFY25 $289.0M

Free Cash Flow

-70.2% YoY

$181.0MFY 2025

FY22 $393.0MFY23 $300.0MFY24 $608.0MFY25 $181.0M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$3.10B -15.1%	$3.64B +11.1%	$3.28B -10.7%	$3.68B +52.3%	$2.41B +1.3%	$2.38B
Net Income	$-85.0M -122.7%	$375.0M +593.4%	$-76.0M -116.7%	$455.0M +405.6%	$90.0M -78.0%	$410.0M
Operating Income	$392.0M -53.9%	$851.0M +122.2%	$383.0M -61.3%	$990.0M +159.8%	$381.0M -49.3%	$752.0M
EPS (Diluted)	$-1.41 -142.0%	$3.36 +341.7%	$-1.39 -132.1%	$4.33 +982.5%	$0.40 -89.2%	$3.69
Total Assets	$10.44B -1.0%	$10.54B -0.9%	$10.64B -4.6%	$11.15B +0.4%	$11.11B +45.3%	$7.64B
Total Debt	$5.74B +2.2%	$5.62B -9.6%	$6.21B -4.6%	$6.51B -4.4%	$6.82B +70.4%	$4.00B
Operating Cash Flow	$289.0M -61.5%	$751.0M +15.9%	$648.0M -21.8%	$829.0M +176.3%	$300.0M -54.0%	$652.0M
Free Cash Flow	$181.0M -70.2%	$608.0M +102.7%	$300.0M -23.7%	$393.0M +322.6%	$93.0M -82.8%	$542.0M

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13F Pro tracks comprehensive data for GRAY MEDIA, INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of GTN

MILLER VALUE PARTNERS, LLC
$28.8M7,243,390 sh
CAPITAL MANAGEMENT CORP /VA
$28.1M7,070,669 sh
BlackRock, Inc.
$27.8M6,999,842 sh
DIMENSIONAL FUND ADVISORS LP
$18.5M4,662,924 sh
Retirement Systems of Alabama
$16.4M4,126,750 sh
VANGUARD CAPITAL MANAGEMENT LLC
$14.8M3,735,165 sh
Penn Capital Management Company, LLC
$13.9M3,503,974 sh
GOLDMAN SACHS GROUP INC
$13.1M3,292,829 sh
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
$12.1M3,052,792 sh
GEODE CAPITAL MANAGEMENT, LLC
$8.7M2,182,601 sh

Fund	Value	Shares
MILLER VALUE PARTNERS, LLC	$28.8M	7,243,390
CAPITAL MANAGEMENT CORP /VA	$28.1M	7,070,669
BlackRock, Inc.	$27.8M	6,999,842
DIMENSIONAL FUND ADVISORS LP	$18.5M	4,662,924
Retirement Systems of Alabama	$16.4M	4,126,750
VANGUARD CAPITAL MANAGEMENT LLC	$14.8M	3,735,165
Penn Capital Management Company, LLC	$13.9M	3,503,974
GOLDMAN SACHS GROUP INC	$13.1M	3,292,829
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$12.1M	3,052,792
GEODE CAPITAL MANAGEMENT, LLC	$8.7M	2,182,601

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Is GTN a good stock to buy?

13F Pro's AI-powered analysis of GRAY MEDIA, INC (GTN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Communication Services sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for GTN are available on the GTN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. GTN is classified as a small company.

Which hedge funds own GTN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling GTN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of GRAY MEDIA, INC's investment landscape.