Gray Media vs E.W. Scripps
Gray Media reported revenue of $3.1 billion in fiscal 2025, 1.4 times E.W. Scripps' $2.2 billion in fiscal 2025. Gray Media's revenue fell 15.1% in its latest year, and E.W. Scripps' fell 14.3%. Gray Media had an operating margin of 12.7%, against 8.6% at E.W. Scripps. Free cash flow was $181 million at Gray Media and $7 million at E.W. Scripps.
Side by side
| Gray Media | E.W. Scripps | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $3.1B | $2.2B |
| Revenue growth | −15.1% | −14.3% |
| Revenue growth a year, last 5 years | 5.4% | 3.0% |
| Gross margin | — | — |
| Operating margin | 12.7% | 8.6% |
| Net margin | −2.8% | −4.7% |
| Free cash flow | $181M | $7M |
| Free cash flow margin | 5.8% | 0.3% |
| Return on capital | 4.1% | 3.7% |
| Net debt to EBITDA | 8.5x | 7.8x |
| Dividends and buybacks | $33M | $0M |
| Change in diluted share count | 1.0% | 2.3% |
| Last close | $4.92 | $3.05 |
| P/E at the last close | 15.9× | — |
| Insider trades, last 12 months | — | — |
| Piotroski F-score | 3 of 8 | 3 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Gray MediaE.W. Scripps
Operating margin
Percent of revenue
Gray MediaE.W. Scripps
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Gray MediaE.W. Scripps
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Gray Media and E.W. Scripps pages.