AMC Global Media vs Gray Media
Gray Media is the larger business, with $3.10bn of revenue in fiscal 2025 against $2.31bn for AMC Global Media (1.3 times as much). AMC Global Media grew faster (-4.5% against -15.1%). AMC Global Media kept more of each dollar of sales as profit: a net margin of 3.9% against -2.7%.
| Latest fiscal year | AMC Global MediaAMCX, 2025 | Gray MediaGTN, 2025 |
|---|---|---|
| Revenue | $2.31bn | $3.10bn |
| Revenue growth | -4.5% | -15.1% |
| Net income | $89.4m | −$85.0m |
| Operating margin | — | 12.7% |
| Net margin | 3.9% | -2.7% |
| Return on equity | 9.7% | -3.8% |
| Free cash flow | $272m | $181m |
| Cash | $502m | $368m |
| Total debt | $1.78bn | $5.81bn |
| Debt to equity | — | 269.6% |
| Dividend per share | — | $0.32 |
| Dividend yield | — | 7.3% |
| Share buybacks | $18.0m | — |
| Employees | — | — |
| Market value | $343m | $470m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 65 (Moderate) | 58 (Moderate) |
| Insider trades, 12 months | 0 buys, 4 sales | 0 buys, 2 sales |