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Gray Media vs E.W. SCRIPPS: revenue, profit, margins and growth compared

Gray Media brought in $3.1B of revenue in fiscal 2025, E.W. SCRIPPS $2.2B in fiscal 2025. Revenue changed by -15.1% at Gray Media and -14.3% at E.W. SCRIPPS on the year before, so E.W. SCRIPPS grew faster. Gray Media kept -2.7% of its revenue as net profit, E.W. SCRIPPS -4.7%. Free cash flow was $181M at Gray Media and $6.5M at E.W. SCRIPPS.

Side by side, latest fiscal year

GTNSSP
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$3.1B$2.2B
Revenue growth-15.1%-14.3%
Net income-$85M-$100.9M
Net margin-2.7%-4.7%
Free cash flow$181M$6.5M
Free cash flow margin5.8%0.3%
Earnings per share (diluted)-$1.41-$1.87
Cash$368M$27.9M
Debt$5.7B$2.6B
Price to earningsn/an/a
Market value$471.7M$255.8M
Dividend yield6.99%n/a
Rank by revenue in sector#180 of 451 · Industrials#215 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: $3.1BSSP FY2018: $1.2BSSP FY2019: $1.4BSSP FY2020: $1.9BSSP FY2021: $2.3BSSP FY2022: $2.5BSSP FY2023: $2.3BSSP FY2024: $2.5BSSP FY2025: $2.2BFY18FY19FY20FY21FY22FY23FY24FY25
GTN $3.1BSSP $2.2B
Net income
GTN FY2018: $211MGTN FY2019: $179MGTN FY2020: $410MGTN FY2021: $90MGTN FY2022: $455MGTN FY2023: -$76MGTN FY2024: $375MGTN FY2025: -$85MSSP FY2018: $20.4MSSP FY2019: -$18.4MSSP FY2020: $269.3MSSP FY2021: $73.3MSSP FY2022: $145.6MSSP FY2023: -$947.8MSSP FY2024: $146.2MSSP FY2025: -$100.9MFY18FY19FY20FY21FY22FY23FY24FY25
GTN -$85MSSP -$100.9M
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%SSP FY2018: 1.8%SSP FY2019: -1.4%SSP FY2020: 14.5%SSP FY2021: 3.2%SSP FY2022: 5.9%SSP FY2023: -41.3%SSP FY2024: 5.8%SSP FY2025: -4.7%FY18FY19FY20FY21FY22FY23FY24FY25
GTN -2.7%SSP -4.7%
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%SSP FY2019: +16.8%SSP FY2020: +37.4%SSP FY2021: +22.9%SSP FY2022: +7.4%SSP FY2023: -6.5%SSP FY2024: +9.5%SSP FY2025: -14.3%FY19FY20FY21FY22FY23FY24FY25
GTN -15.1%SSP -14.3%
Free cash flow
GTN FY2018: $253MGTN FY2019: $275MGTN FY2020: $542MGTN FY2021: $93MGTN FY2022: $393MGTN FY2023: $300MGTN FY2024: $608MGTN FY2025: $181MSSP FY2018: $93.8MSSP FY2019: -$88.4MSSP FY2020: $232.4MSSP FY2021: $176.3MSSP FY2022: $265.6MSSP FY2023: $52MSSP FY2024: $300.4MSSP FY2025: $6.5MFY18FY19FY20FY21FY22FY23FY24FY25
GTN $181MSSP $6.5M

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

Questions about Gray Media and E.W. SCRIPPS

Which is bigger by revenue, Gray Media or E.W. SCRIPPS?

Gray Media is bigger by revenue: $3.1B in fiscal 2025, against $2.2B for E.W. SCRIPPS in fiscal 2025.

Which keeps more of its revenue as profit, Gray Media or E.W. SCRIPPS?

Gray Media had a net margin of -2.7% in fiscal 2025; E.W. SCRIPPS had -4.7% in fiscal 2025.

Which grew revenue faster, Gray Media or E.W. SCRIPPS?

In their latest fiscal years revenue changed by -15.1% at Gray Media and -14.3% at E.W. SCRIPPS.

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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