Gray Television

Gray Television is a television broadcast company headquartered in Atlanta, Georgia, that owns and/or operates television stations and leading digital assets in markets throughout the United States. Gray owns and operates television stations in 44 television markets broadcasting 139 program streams including 76 affiliates of the Big Four networks (ABC, CBS, NBC and FOX). Gray's owned and/or operated stations include 26 channels affiliated with the CBS Network, 24 channels affiliated with the NBC Network, 16 channels affiliated with the ABC Network and 10 channels affiliated with the FOX Network. The company owns and operates the number-one ranked television station in 29 of those 44 markets and the number-one or number-two ranked television station operations in 40 of those 44 markets. Gray reaches approximately 8.1 percent of total United States television households.

Company Growth (employees)
Atlanta, US
Size (employees)
3,700 (est)
Gray Television was founded in 1946 and is headquartered in Atlanta, US

Gray Television Office Locations

Gray Television has an office in Atlanta
Atlanta, US (HQ)
400 4370 Peachtree Rd
Show all (1)

Gray Television Financials and Metrics

Gray Television Financials

Gray Television's revenue was reported to be $812.5 m in FY, 2016

Revenue (Q2, 2017)

226.7 m

Net income (Q2, 2017)

70.6 m

EBIT (Q2, 2017)

142.6 m

Market capitalization (16-Feb-2018)

1.1 b

Cash (30-Jun-2017)

42.4 m


2.9 b
Gray Television's current market capitalization is $1.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


346.3 m508.1 m597.4 m812.5 m

Revenue growth, %



83.9 m153.8 m140.1 m234.1 m

EBIT margin, %

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


88.3 m91.3 m107.2 m131.7 m133.3 m143.5 m151 b173.7 m196.6 m204.5 m203.5 m226.7 m


24.2 m17.4 m23.2 m41.2 m28.1 m38.8 m29.3 m36.1 m53.7 m60.5 m43.6 m142.6 m

EBIT margin, %


Interest expense

12.7 m15.3 m15.8 m18.6 m18.5 m18.6 m18.6 m21.3 m24.3 m27.9 m23.2 m23.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


13.5 m30.8 m97.3 m325.2 m

Current Assets

130.6 m168.3 m285.5 m536.3 m


143.6 m221.8 m234.5 m326.1 m


184.4 m374.4 m423.2 m485.3 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017


43.3 m27 m66.1 m79.8 m224.6 m222.2 m81.2 m120.7 m176.3 m230.4 m23.5 m42.4 m

Current Assets

130.9 m147.1 m199 m233.7 m355.8 m360.4 m228.1 m323.2 m397.4 m467.6 m212.2 m329.4 m


135.3 m139.6 m191.4 m217.1 m213.8 m210.2 m229.4 m322.8 m320.7 m328.6 m340 m346.5 m


170.5 m184.4 m320.1 m372 m375 m375 m398.2 m484.7 m485.6 m485.6 m571.7 m610.5 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

18.3 m48.1 m39.3 m62.3 m

Depreciation and Amortization

336 k8.3 m12 b62.5 m

Accounts Receivable

(7.4 m)(17 m)(15 m)(6.1 m)

Accounts Payable

133 k2.2 m(141 k)518 k
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

7.1 m1.3 m1.6 m13.9 m5.6 m17.7 m24.3 m9 b17.7 b(213 m)10.5 m

Depreciation and Amortization

6 m6.7 m8.2 m12.1 m11.6 m23.1 m35.6 m3.9 b4.2 b4.2 b5.6 m

Accounts Payable

2.8 m5.3 m6 m(1.4 m)(233 k)6.1 m3.4 m5.5 m3.4 m

Cash From Operating Activities

32.5 m82.7 m
Y, 2017


20.2 x

Financial Leverage

5.2 x
Show all financial metrics

Gray Television Operating Metrics

Q1, 2014Q2, 2014Q3, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Television Markets


Separate Programming Streams


CBS Network Affiliates


NBC Network Affiliates

Show all operating metrics

Gray Television Market Value History

Gray Television's Web-traffic and Trends

Gray Television Online and Social Media Presence

Gray Television Company Life and Culture

You may also be interested in