Fox vs Gray Media: revenue, profit, margins and growth compared
Fox brought in $17.1B of revenue in fiscal 2026, Gray Media $3.1B in fiscal 2025. Revenue changed by +5.1% at Fox and -15.1% at Gray Media on the year before, so Fox grew faster. Fox kept 9.8% of its revenue as net profit, Gray Media -2.7%. Free cash flow was $1.5B at Fox and $181M at Gray Media.
Fiscal years as each company reports them; the two may end in different months.
Questions about Fox and Gray Media
Which is bigger by revenue, Fox or Gray Media?
Fox is bigger by revenue: $17.1B in fiscal 2026, against $3.1B for Gray Media in fiscal 2025.
Which keeps more of its revenue as profit, Fox or Gray Media?
Fox had a net margin of 9.8% in fiscal 2026; Gray Media had -2.7% in fiscal 2025.
Which grew revenue faster, Fox or Gray Media?
In their latest fiscal years revenue changed by +5.1% at Fox and -15.1% at Gray Media.
Where do these numbers come from?
From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.