Gray Media annual return on equity
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2025
Gray Media Return on Equity (ROE) Growth & History (GTN)
Gray Media's return on equity was −3.83% for fiscal 2025.
View full Gray Media company overviewGray Media annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −3.83% | −21.46 pp |
| 2024 | 2024-12-31 | 17.63% | +21.35 pp |
| 2023 | 2023-12-31 | −3.72% | −27.22 pp |
| 2022 | 2022-12-31 | 23.50% | +18.37 pp |
| 2021 | 2021-12-31 | 5.13% | −20.36 pp |
| 2020 | 2020-12-31 | 25.49% | +11.99 pp |
| 2019 | 2019-12-31 | 13.50% | −5.84 pp |
| 2018 | 2018-12-31 | 19.35% | −15.89 pp |
| 2017 | 2017-12-31 | 35.24% | +21.73 pp |
| 2016 | 2016-12-31 | 13.50% | +1.33 pp |
| 2015 | 2015-12-31 | 12.18% | −12.46 pp |
| 2014 | 2014-12-31 | 24.63% | +13.13 pp |
| 2013 | 2013-12-31 | 11.50% | −9.58 pp |
| 2012 | 2012-12-31 | 21.08% | +13.92 pp |
| 2011 | 2011-12-31 | 7.16% | −13.61 pp |
| 2010 | 2010-12-31 | 20.77% | — |
Gray Media quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.66% | +3.19 pp |
| Q1 2026 | 2026-03-31 | −0.94% | −0.54 pp |
| Q4 2025 | 2025-12-31 | −0.46% | −8.12 pp |
| Q3 2025 | 2025-09-30 | −0.46% | −5.05 pp |
| Q2 2025 | 2025-06-30 | −2.53% | — |
| Q1 2025 | 2025-03-31 | −0.40% | −4.77 pp |
| Q4 2024 | 2024-12-31 | 7.66% | +8.11 pp |
| Q3 2024 | 2024-09-30 | 4.59% | +6.56 pp |
| Q1 2024 | 2024-03-31 | 4.38% | +5.86 pp |
| Q4 2023 | 2023-12-31 | −0.45% | −9.64 pp |
| Q3 2023 | 2023-09-30 | −1.97% | −7.70 pp |
| Q2 2023 | 2023-06-30 | 0.19% | −5.24 pp |
| Q1 2023 | 2023-03-31 | −1.48% | −4.97 pp |
| Q4 2022 | 2022-12-31 | 9.19% | +7.54 pp |
| Q3 2022 | 2022-09-30 | 5.73% | +6.68 pp |
| Q2 2022 | 2022-06-30 | 5.44% | +3.25 pp |
| Q1 2022 | 2022-03-31 | 3.48% | +1.27 pp |
| Q4 2021 | 2021-12-31 | 1.65% | −11.87 pp |
| Q3 2021 | 2021-09-30 | −0.96% | −9.03 pp |
| Q2 2021 | 2021-06-30 | 2.18% | +1.44 pp |
| Q1 2021 | 2021-03-31 | 2.21% | −1.36 pp |
| Q4 2020 | 2020-12-31 | 13.51% | +6.96 pp |
| Q3 2020 | 2020-09-30 | 8.08% | +3.81 pp |
| Q2 2020 | 2020-06-30 | 0.74% | −2.53 pp |
| Q1 2020 | 2020-03-31 | 3.57% | +5.00 pp |
| Q4 2019 | 2019-12-31 | 6.56% | −1.15 pp |
| Q3 2019 | 2019-09-30 | 4.27% | −1.56 pp |
| Q2 2019 | 2019-06-30 | 3.27% | −0.78 pp |
| Q1 2019 | 2019-03-31 | −1.43% | −3.45 pp |
| Q4 2018 | 2018-12-31 | 7.71% | −13.21 pp |
| Q3 2018 | 2018-09-30 | 5.82% | +3.19 pp |
| Q2 2018 | 2018-06-30 | 4.05% | −9.06 pp |
| Q1 2018 | 2018-03-31 | 2.02% | −0.09 pp |
| Q4 2017 | 2017-12-31 | 20.92% | +13.38 pp |
| Q3 2017 | 2017-09-30 | 2.64% | +2.69 pp |
| Q2 2017 | 2017-06-30 | 13.11% | +9.17 pp |
| Q1 2017 | 2017-03-31 | 2.11% | +0.03 pp |
| Q4 2016 | 2016-12-31 | 7.54% | +3.99 pp |
| Q3 2016 | 2016-09-30 | −0.05% | −1.65 pp |
| Q2 2016 | 2016-06-30 | 3.95% | +0.91 pp |
| Q1 2016 | 2016-03-31 | 2.07% | +0.22 pp |
| Q4 2015 | 2015-12-31 | 3.54% | −11.68 pp |
| Q3 2015 | 2015-09-30 | 1.60% | −5.85 pp |
| Q2 2015 | 2015-06-30 | 3.03% | +2.14 pp |
| Q1 2015 | 2015-03-31 | 1.85% | +1.12 pp |
| Q4 2014 | 2014-12-31 | 15.22% | +12.09 pp |
| Q3 2014 | 2014-09-30 | 7.45% | +2.89 pp |
| Q2 2014 | 2014-06-30 | 0.89% | −2.58 pp |
| Q1 2014 | 2014-03-31 | 0.73% | +0.13 pp |
| Q4 2013 | 2013-12-31 | 3.13% | +4.56 pp |
| Q3 2013 | 2013-09-30 | 4.56% | −6.58 pp |
| Q2 2013 | 2013-06-30 | 3.47% | −4.98 pp |
| Q1 2013 | 2013-03-31 | 0.60% | −2.12 pp |
| Q4 2012 | 2012-12-31 | −1.44% | −7.53 pp |
| Q3 2012 | 2012-09-30 | 11.14% | +9.55 pp |
| Q2 2012 | 2012-06-30 | 8.45% | +6.44 pp |
| Q1 2012 | 2012-03-31 | 2.72% | — |
| Q4 2011 | 2011-12-31 | 6.10% | — |
| Q3 2011 | 2011-09-30 | 1.58% | — |
| Q2 2011 | 2011-06-30 | 2.01% | — |
Gray Media return on equity trends
Over the last five fiscal years, Gray Media's return on equity decreased from 25.49% to −3.83%, a change of −29.32 percentage points. The latest reported quarter, Q2 2026, shows 0.66%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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