Gray Media annual free cash flow
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2025
Gray Media Free Cash Flow (FCF) History (GTN)
Gray Media reported $181.0M in free cash flow for fiscal 2025, a decrease of 70.23% from the previous fiscal year, with a free cash flow margin of 5.85%.
View full Gray Media company overviewGray Media free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $181.0M | −$427.0M | −70.23% | +5.85% |
| 2024 | 2024-12-31 | $608.0M | $308.0M | +102.67% | +16.68% |
| 2023 | 2023-12-31 | $300.0M | −$93.0M | −23.66% | +9.14% |
| 2022 | 2022-12-31 | $393.0M | $300.0M | +322.58% | +10.69% |
| 2021 | 2021-12-31 | $93.0M | −$449.0M | −82.84% | +3.85% |
| 2020 | 2020-12-31 | $542.0M | $267.0M | +97.09% | +22.76% |
| 2019 | 2019-12-31 | $275.0M | $22.0M | +8.70% | +12.96% |
| 2018 | 2018-12-31 | $253.0M | $108.0M | +74.48% | +23.34% |
| 2017 | 2017-12-31 | $145.0M | −$21.5M | −12.90% | +16.42% |
| 2016 | 2016-12-31 | $166.5M | $84.0M | +101.80% | +20.49% |
| 2015 | 2015-12-31 | $82.5M | −$19.5M | −19.12% | +13.81% |
| 2014 | 2014-12-31 | $102.0M | $65.8M | +181.89% | +20.07% |
| 2013 | 2013-12-31 | $36.2M | −$28.7M | −44.20% | +10.45% |
| 2012 | 2012-12-31 | $64.8M | $51.0M | +366.57% | +16.02% |
| 2011 | 2011-12-31 | $13.9M | −$4.8M | −25.80% | +4.53% |
| 2010 | 2010-12-31 | $18.7M | $17.6M | +1533.04% | +5.41% |
| 2009 | 2009-12-31 | $1.1M | — | — | +0.42% |
Gray Media quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $106.0M | $100.0M | +1666.67% | +12.63% |
| Q1 2026 | 2026-03-31 | −$18.0M | −$135.0M | — | −2.34% |
| Q4 2025 | 2025-12-31 | $69.0M | −$259.0M | −78.96% | +8.71% |
| Q3 2025 | 2025-09-30 | −$11.0M | −$268.0M | — | −1.47% |
| Q2 2025 | 2025-06-30 | $6.0M | $17.0M | — | +0.78% |
| Q1 2025 | 2025-03-31 | $117.0M | $83.0M | +244.12% | +14.96% |
| Q4 2024 | 2024-12-31 | $328.0M | $305.0M | +1326.09% | +31.39% |
| Q3 2024 | 2024-09-30 | $257.0M | $226.0M | +729.03% | +27.05% |
| Q2 2024 | 2024-06-30 | −$11.0M | $45.0M | — | −1.33% |
| Q1 2024 | 2024-03-31 | $34.0M | −$268.0M | −88.74% | +4.13% |
| Q4 2023 | 2023-12-31 | $23.0M | −$72.0M | −75.79% | +2.66% |
| Q3 2023 | 2023-09-30 | $31.0M | −$96.0M | −75.59% | +3.86% |
| Q2 2023 | 2023-06-30 | −$56.0M | −$133.0M | — | −6.89% |
| Q1 2023 | 2023-03-31 | $302.0M | $208.0M | +221.28% | +37.70% |
| Q4 2022 | 2022-12-31 | $95.0M | $131.0M | — | +8.86% |
| Q3 2022 | 2022-09-30 | $127.0M | $115.0M | +958.33% | +13.97% |
| Q2 2022 | 2022-06-30 | $77.0M | $94.0M | — | +8.87% |
| Q1 2022 | 2022-03-31 | $94.0M | −$40.0M | −29.85% | +11.37% |
| Q4 2021 | 2021-12-31 | −$36.0M | −$160.0M | — | −4.99% |
| Q3 2021 | 2021-09-30 | $12.0M | −$150.0M | −92.59% | +2.00% |
| Q2 2021 | 2021-06-30 | −$17.0M | −$169.0M | — | −3.11% |
| Q1 2021 | 2021-03-31 | $134.0M | $30.0M | +28.85% | +24.63% |
| Q4 2020 | 2020-12-31 | $124.0M | $31.0M | +33.33% | +15.66% |
| Q3 2020 | 2020-09-30 | $162.0M | $41.0M | +33.88% | +26.82% |
| Q2 2020 | 2020-06-30 | $152.0M | $97.0M | +176.36% | +33.70% |
| Q1 2020 | 2020-03-31 | $104.0M | $98.0M | +1633.33% | +19.48% |
| Q4 2019 | 2019-12-31 | $93.0M | −$9.0M | −8.82% | +16.06% |
| Q3 2019 | 2019-09-30 | $121.0M | $48.0M | +65.75% | +23.40% |
| Q2 2019 | 2019-06-30 | $55.0M | −$14.0M | −20.29% | +10.83% |
| Q1 2019 | 2019-03-31 | $6.0M | −$3.0M | −33.33% | +1.16% |
| Q4 2018 | 2018-12-31 | $102.0M | $49.9M | +95.85% | +31.00% |
| Q3 2018 | 2018-09-30 | $73.0M | $28.8M | +65.19% | +26.16% |
| Q2 2018 | 2018-06-30 | $69.0M | $15.8M | +29.73% | +27.60% |
| Q1 2018 | 2018-03-31 | $9.0M | $13.5M | — | +3.98% |
| Q4 2017 | 2017-12-31 | $52.1M | −$44.2M | −45.92% | +22.27% |
| Q3 2017 | 2017-09-30 | $44.2M | $6.0M | +15.74% | +20.18% |
| Q2 2017 | 2017-06-30 | $53.2M | $45.0M | +547.15% | +23.46% |
| Q1 2017 | 2017-03-31 | −$4.5M | −$28.2M | — | −2.19% |
| Q4 2016 | 2016-12-31 | $96.3M | $81.3M | +540.76% | +40.53% |
| Q3 2016 | 2016-09-30 | $38.2M | −$5.2M | −12.01% | +18.67% |
| Q2 2016 | 2016-06-30 | $8.2M | $10.5M | — | +4.18% |
| Q1 2016 | 2016-03-31 | $23.8M | −$2.6M | −9.90% | +13.69% |
| Q4 2015 | 2015-12-31 | $15.0M | −$19.0M | −55.86% | +8.87% |
| Q3 2015 | 2015-09-30 | $43.4M | −$5.7M | −11.57% | +28.72% |
| Q2 2015 | 2015-06-30 | −$2.3M | −$8.6M | — | −1.62% |
| Q1 2015 | 2015-03-31 | $26.4M | $13.8M | +108.86% | +19.80% |
| Q4 2014 | 2014-12-31 | $34.1M | $31.0M | +1021.24% | +19.14% |
| Q3 2014 | 2014-09-30 | $49.1M | $29.4M | +148.85% | +37.26% |
| Q2 2014 | 2014-06-30 | $6.2M | $3.9M | +167.15% | +5.82% |
| Q1 2014 | 2014-03-31 | $12.6M | $1.5M | +13.92% | +13.84% |
| Q4 2013 | 2013-12-31 | $3.0M | $10.9M | — | +3.18% |
| Q3 2013 | 2013-09-30 | $19.7M | −$19.4M | −49.61% | +22.33% |
| Q2 2013 | 2013-06-30 | $2.3M | −$11.1M | −82.54% | +2.77% |
| Q1 2013 | 2013-03-31 | $11.1M | −$9.1M | −44.97% | +14.19% |
| Q4 2012 | 2012-12-31 | −$7.8M | −$5.5M | — | −6.18% |
| Q3 2012 | 2012-09-30 | $39.1M | $23.5M | +149.97% | +38.04% |
| Q2 2012 | 2012-06-30 | $13.4M | $18.4M | — | +14.14% |
| Q1 2012 | 2012-03-31 | $20.2M | $14.5M | +256.00% | +24.99% |
| Q4 2011 | 2011-12-31 | −$2.4M | −$8.8M | — | −2.79% |
| Q3 2011 | 2011-09-30 | $15.7M | — | — | +20.46% |
| Q2 2011 | 2011-06-30 | −$5.1M | — | — | −6.63% |
| Q1 2011 | 2011-03-31 | $5.7M | — | — | +8.12% |
| Q3 2010 | 2010-09-30 | $6.5M | — | — | +7.56% |
Gray Media free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $542.0M to $181.0M, a compound annual decline of 19.70%. Gray Media's latest reported quarter, Q2 2026, generated $106.0M in free cash flow, an increase of 1666.67% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Gray Media filings at SEC.gov ↗