SuperworthGray Media free cash flow GTN
Cash from operations less capital spending, by quarter and over the last twelve months, from 2010.
- Last 12 months, to Jun 30, 2026
- $146M
- Latest quarter, Q2 FY26
- $106M
- +1667% on a year earlier
- Fiscal year 2025
- $181M
- −70% on the year before
Gray Media's free cash flow was $146M over the twelve months to Jun 30, 2026, down 79% on a year earlier.
In its latest quarter, Q2 FY26, it was $106M, up 1667% on the same quarter a year before.
Over the five fiscal years to FY2025 it shrank 20% a year on average.
Free cash flow over time
Fiscal year by fiscal year
| Fiscal year | Free cash flow | Change |
|---|---|---|
| FY2025 | $181M | −70% |
| FY2024 | $608M | +103% |
| FY2023 | $300M | −24% |
| FY2022 | $393M | +323% |
| FY2021 | $93M | −83% |
| FY2020 | $542M | +97% |
| FY2019 | $275M | +9% |
| FY2018 | $253.3M | +74% |
| FY2017 | $145.5M | −13% |
| FY2016 | $166.5M | +105% |
| FY2015 | $81.4M | −20% |
| FY2014 | $102M | +182% |
| FY2013 | $36.2M | −44% |
| FY2012 | $64.8M | +367% |
| FY2011 | $13.9M | n/a |
Each fiscal year is the twelve months to its fourth quarter.
Quarter by quarter
| Quarter | Ended | Free cash flow | On a year earlier | Last 12 months |
|---|---|---|---|---|
| Q2 FY26 | $106M | +1667% | $146M | |
| Q1 FY26 | −$18M | −115% | $46M | |
| Q4 FY25 | $69M | −79% | $181M | |
| Q3 FY25 | −$11M | −104% | $440M | |
| Q2 FY25 | $6M | n/a | $708M | |
| Q1 FY25 | $117M | +244% | $691M | |
| Q4 FY24 | $328M | +1326% | $608M | |
| Q3 FY24 | $257M | +729% | $303M | |
| Q2 FY24 | −$11M | n/a | $77M | |
| Q1 FY24 | $34M | −89% | $32M | |
| Q4 FY23 | $23M | −76% | $300M | |
| Q3 FY23 | $31M | −76% | $372M |
Against its peers
Companies in Entertainment nearest Gray Media's size, closest first, today.
| Company | Free cash flow yield |
|---|---|
| GTNGray Media | 31.0% |
| RSVRReservoir Media | 6.7% |
| MCSMarcus | 7.7% |
| ACELAccel Entertainment | 8.8% |
| SBGISinclair | 10.6% |
| CURICuriosityStream | 3.2% |
| PRKSUnited Parks & Resorts | 12.0% |
| PRSUPursuit Attractions & Hospitality | −0.4% |
| ADEAAdeia | 8.1% |
| MSGEMadison Square Garden Entertainment | 8.8% |
| RSIRush Street Interactive | 4.9% |
| Peer median | 7.9% |
Where Gray Media ranks
What the free cash flow tells you
Cash from operations minus capital spending. The cash the company could hand back or reinvest.
Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.
More on Gray Media
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.