GTN-A
Gray Media, Inc.
GTN-A offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
VZ
Verizon Communications Inc.
VZ has the edge over GTN-A overall, supported by stronger valuation and lower modeled downside.
GTN-A Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Stable | |
| Weak |
GTN-A's revenue and profitability are currently healthy, and its cash flow is stable, but its balance sheet is weak.
VZ Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Under pressure |
VZ's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is under pressure.
GTN-A PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.1x | $1.22 | -79% |
| Forward | 4.7x | $5.87 | — |
| Fair | 7.2x | $2.15 | -63% |
| Expensive | 14x | $4.15 | -29% |
| Current | 20x | $5.87 | — |
Historical ranges are pointers, not guarantees.
GTN-A's PE is in its expensive range at 20x. If earnings grow as analysts expect, today's price would be 4.7x next year's earnings, in its cheap range.
VZ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $32.43 | -30% |
| Forward | 9x | $46.55 | — |
| Fair | 11x | $43.63 | -6.3% |
| Current | 12x | $46.55 | — |
| Expensive | 14x | $56.75 | +22% |
Historical ranges are pointers, not guarantees.
VZ has the edge over GTN-A in the historical PE scenario, which offers more potential upside but is not a forecast.
GTN-A Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for GTN-A, with profitability holding steady.
VZ Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| High |
Analysts expect VZ's earnings to grow and its profitability to improve, with its revenue holding steady.
GTN-A Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.26 | +319% |
| Q3 2026 | $0.30 | -32% |
| Q2 2026 | -$0.60 | -139% |
| Q1 2026 | -$1.52 | -165% |
| Q4 2025 | -$1.41 | -142% |
| Q3 2025 | $0.44 | -71% |
| Q2 2025 | $1.54 | +2100% |
| Q1 2025 | $2.34 | +$2.46 |
| Q4 2024 | $3.36 | +$4.75 |
GTN-A's earnings per share have fallen from their peak: $0.30 over the past year, against $4.33 in late 2022.
VZ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.19 | +32% |
| Q3 2026 | $3.93 | -16% |
| Q2 2026 | $3.85 | -10% |
| Q1 2026 | $4.11 | -2.1% |
| Q4 2025 | $4.06 | -1.9% |
| Q3 2025 | $4.68 | +103% |
| Q2 2025 | $4.29 | +61% |
| Q1 2025 | $4.20 | +57% |
| Q4 2024 | $4.14 | +51% |
VZ has the edge over GTN-A on earnings, with more consistent year-over-year improvement.
GTN-A Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $972M | +30% |
| Q2 2026 | $839M | +8.7% |
| Q1 2026 | $768M | -1.8% |
| Q4 2025 | $792M | -24% |
| Q3 2025 | $749M | -21% |
| Q2 2025 | $772M | -6.5% |
| Q1 2025 | $782M | -5% |
| Q4 2024 | $1B | +21% |
GTN-A's revenue has held roughly level: $972M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +14 points |
| Q2 2026 | 16% | +5.6 points |
| Q1 2026 | 11% | -1.2 points |
| Q4 2025 | 15% | -17 points |
| Q3 2025 | 14% | -13 points |
| Q2 2025 | 11% | -7.8 points |
| Q1 2025 | 12% | -3.3 points |
| Q4 2024 | 31% | +18 points |
GTN-A has the edge over VZ on profitability, with a higher operating margin.
VZ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $34.3B | +1.5% |
| Q2 2026 | $34.3B | -0.7% |
| Q1 2026 | $34.4B | +2.9% |
| Q4 2025 | $36.4B | +2% |
| Q3 2025 | $33.8B | +1.5% |
| Q2 2025 | $34.5B | +5.2% |
| Q1 2025 | $33.5B | +1.5% |
| Q4 2024 | $35.7B | +1.6% |
VZ has the edge over GTN-A on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 25% | +1.3 points |
| Q2 2026 | 21% | -2.7 points |
| Q1 2026 | 24% | +0.1 points |
| Q4 2025 | 14% | -7.1 points |
| Q3 2025 | 24% | +6.2 points |
| Q2 2025 | 24% | -0.2 points |
| Q1 2025 | 24% | +1 points |
| Q4 2024 | 21% | +19 points |
VZ's operating margin was 25% last quarter, up 1.3 points from the same quarter a year ago, near the top of its range since 2019.
GTN-A Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $99M | +$110M |
| Q2 2026 | $106M | +1667% |
| Q1 2026 | -$18M | -115% |
| Q4 2025 | $69M | -79% |
| Q3 2025 | -$11M | -104% |
| Q2 2025 | $6M | +$17M |
| Q1 2025 | $117M | +244% |
| Q4 2024 | $328M | +1326% |
GTN-A still generates free cash flow, though less than at its 2024 peak: $256M over the past year.
VZ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $11.5B | +2.2% |
| Q2 2026 | $10.4B | +16% |
| Q1 2026 | $8B | +2.6% |
| Q4 2025 | $9.1B | -13% |
| Q3 2025 | $11.3B | +14% |
| Q2 2025 | $9B | -5.4% |
| Q1 2025 | $7.8B | +9.9% |
| Q4 2024 | $10.4B | +20% |
VZ has the edge over GTN-A on cash flow, with more consistent year-over-year improvement.
GTN-A Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | +3.1% | +3M shares |
| 3 years | +7.5% | +7M shares |
| 5 years | +5.3% | +5M shares |
| Available history | 0% | -- |
GTN-A has 100M diluted shares, up 3.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q4 2021 | $30M |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
VZ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -10M shares |
| 1 year | -1.7% | -72M shares |
| 3 years | -1.3% | -55M shares |
| 5 years | +0.4% | +17M shares |
| Available history | +0.5% | +21M shares |
VZ has the edge over GTN-A on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $500M |
| Q2 2026 | $1B |
| Q1 2026 | $2.5B |
GTN-A Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.8x | High |
| Q2 2026 | 8.4x | High |
| Q1 2026 | 8.9x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 6.4x | High |
| Q2 2025 | 5.4x | High |
| Q1 2025 | 5.0x | High |
| Q4 2024 | 4.9x | High |
GTN-A's net debt is about 6.8 years of its operating earnings (EBITDA), up from 6.4 years a year ago.
VZ Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.3x | Elevated |
| Q2 2026 | 3.4x | Elevated |
| Q1 2026 | 3.4x | Elevated |
| Q4 2025 | 2.9x | Moderate |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 3.0x | Moderate |
| Q1 2025 | 3.0x | Elevated |
| Q4 2024 | 3.0x | Elevated |
VZ has the edge over GTN-A on leverage, with a lower net debt burden relative to earnings.
GTN-A Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.0 | Neutral |
| Stochastic | 39.1 | Neutral |
GTN-A's weekly RSI is 44 (neutral) and its Stochastic is 39 (neutral).
VZ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 44.6 | Neutral |
VZ's weekly RSI is 51 (neutral) and its Stochastic is 45 (neutral).
GTN-A PE vs Communication Services Sector
| Metric | GTN-A | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 16x | 19% above |
| PE % | 87 | 26 | 61 pts above |
GTN-A is trading at 20x earnings, a 19% premium to the Communication Services sector's median of 16x.
VZ PE vs Communication Services Sector
| Metric | VZ | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 16x | 28% below |
| PE % | 58 | 26 | 32 pts above |
VZ has the edge over GTN-A on valuation relative to its sector.
GTN-A Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $5.84 | 0.5% above |
| 20 week MA | $6.12 | 4.1% below |
| 50 week MA | $8.88 | 34% below |
| 100 week MA | $8.76 | 33% below |
| 200 week MA | $8.64 | 32% below |
GTN-A has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 32% below its 200-week average.
VZ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $45.1 | 3.1% above |
| 20 week MA | $46.3 | 0.5% above |
| 50 week MA | $46.1 | 1.1% above |
| 100 week MA | $44.2 | 5.4% above |
| 200 week MA | $41.4 | 12% above |
VZ has the edge over GTN-A on trend strength, trading above more of its moving averages.
GTN-A Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.4 | $16.1 | -21% |
| 2021 | $16.1 | $18.8 | +17% |
| 2022 | $18.8 | $10.1 | -46% |
| 2023 | $10.1 | $8.57 | -15% |
| 2024 | $8.57 | $6.78 | -21% |
| 2025 | $6.78 | $9.81 | +45% |
| 2026 YTD | $9.81 | $5.87 | -40% |
GTN-A has finished lower in four of the last six years. It's down 40% so far in 2026.
VZ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $61.5 | $58.8 | -4.4% |
| 2021 | $58.8 | $52.7 | -10% |
| 2022 | $52.7 | $38.4 | -27% |
| 2023 | $38.4 | $37.7 | -1.8% |
| 2024 | $37.7 | $39.9 | +5.9% |
| 2025 | $39.9 | $40.5 | +1.4% |
| 2026 YTD | $40.5 | $46.6 | +15% |
VZ has the edge over GTN-A on returns for 2026, with the stronger performance.