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Gray Media vs Paramount Skydance: revenue, profit, margins and growth compared

Gray Media brought in $3.1B of revenue in fiscal 2025, Paramount Skydance $29.2B in fiscal 2025. Revenue changed by -15.1% at Gray Media and -1.5% at Paramount Skydance on the year before, so Paramount Skydance grew faster. Gray Media kept -2.7% of its revenue as net profit, Paramount Skydance -21.2%. Free cash flow was $181M at Gray Media and $489M at Paramount Skydance.

Side by side, latest fiscal year

GTNPSKY
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2024)
Revenue$3.1B$29.2B
Revenue growth-15.1%-1.5%
Net income-$85M-$6.2B
Net margin-2.7%-21.2%
Free cash flow$181M$489M
Free cash flow margin5.8%1.7%
Earnings per share (diluted)-$1.41-$9.34
Cash$368M$2.7B
Debt$5.7B$14.5B
Price to earningsn/an/a
Market value$471.7M$11.2B
Dividend yield6.99%n/a
Rank by revenue in sector#180 of 451 · Industrials#22 of 451 · Industrials

Over the years

Revenue
GTN FY2018: $1.1BGTN FY2019: $2.1BGTN FY2020: $2.4BGTN FY2021: $2.4BGTN FY2022: $3.7BGTN FY2023: $3.3BGTN FY2024: $3.6BGTN FY2025: $3.1BPSKY FY2023: $29.7BPSKY FY2025: $29.2BFY18FY19FY20FY21FY22FY23FY24FY25
GTN $3.1BPSKY $29.2B
Net income
GTN FY2018: $211MGTN FY2019: $179MGTN FY2020: $410MGTN FY2021: $90MGTN FY2022: $455MGTN FY2023: -$76MGTN FY2024: $375MGTN FY2025: -$85MPSKY FY2023: -$608MPSKY FY2025: -$6.2BFY18FY19FY20FY21FY22FY23FY24FY25
GTN -$85MPSKY -$6.2B
Net margin
GTN FY2018: 19.5%GTN FY2019: 8.4%GTN FY2020: 17.2%GTN FY2021: 3.7%GTN FY2022: 12.4%GTN FY2023: -2.3%GTN FY2024: 10.3%GTN FY2025: -2.7%PSKY FY2023: -2.1%PSKY FY2025: -21.2%FY18FY19FY20FY21FY22FY23FY24FY25
GTN -2.7%PSKY -21.2%
Revenue growth
GTN FY2019: +95.8%GTN FY2020: +12.2%GTN FY2021: +1.3%GTN FY2022: +52.3%GTN FY2023: -10.7%GTN FY2024: +11.1%GTN FY2025: -15.1%PSKY FY2025: -1.5%FY19FY20FY21FY22FY23FY24FY25
GTN -15.1%PSKY -1.5%
Free cash flow
GTN FY2018: $253MGTN FY2019: $275MGTN FY2020: $542MGTN FY2021: $93MGTN FY2022: $393MGTN FY2023: $300MGTN FY2024: $608MGTN FY2025: $181MPSKY FY2023: $147MPSKY FY2025: $489MFY18FY19FY20FY21FY22FY23FY24FY25
GTN $181MPSKY $489M

Fiscal years as each company reports them; the two may end in different months.

Questions about Gray Media and Paramount Skydance

Which is bigger by revenue, Gray Media or Paramount Skydance?

Paramount Skydance is bigger by revenue: $29.2B in fiscal 2025, against $3.1B for Gray Media in fiscal 2025.

Which keeps more of its revenue as profit, Gray Media or Paramount Skydance?

Gray Media had a net margin of -2.7% in fiscal 2025; Paramount Skydance had -21.2% in fiscal 2025.

Which grew revenue faster, Gray Media or Paramount Skydance?

In their latest fiscal years revenue changed by -15.1% at Gray Media and -1.5% at Paramount Skydance.

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.

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