Gray Media vs E.w. Scripps
Gray Media is the larger business, with $3.10bn of revenue in fiscal 2025 against $2.15bn for E.w. Scripps (1.4 times as much). E.w. Scripps grew faster (-14.3% against -15.1%). Gray Media kept more of each dollar of sales as profit: a net margin of -2.7% against -4.7%. E.w. Scripps carries less debt relative to equity (212.3% against 269.6%).
| Latest fiscal year | Gray MediaGTN, 2025 | E.w. ScrippsSSP, 2025 |
|---|---|---|
| Revenue | $3.10bn | $2.15bn |
| Revenue growth | -15.1% | -14.3% |
| Net income | −$85.0m | −$101m |
| Operating margin | 12.7% | 8.6% |
| Net margin | -2.7% | -4.7% |
| Return on equity | -3.8% | -7.9% |
| Free cash flow | $181m | $6.5m |
| Cash | $368m | $27.9m |
| Total debt | $5.81bn | $2.65bn |
| Debt to equity | 269.6% | 212.3% |
| Dividend per share | $0.32 | — |
| Dividend yield | 7.3% | — |
| Share buybacks | — | — |
| Employees | — | 4,600 |
| Market value | $470m | $247m |
| Price vs our value range | Below our value range | Below our value range |
| Moat score | 58 (Moderate) | 28 (Weak) |
| Insider trades, 12 months | 0 buys, 2 sales | 47 buys, 4 sales |