Gray Television Inc (GTN-A) — Capital Reinvestment Ratio
Latest as of March 2026:
19.00x
Gray Television Inc (GTN-A) has a Capital Reinvestment Ratio of 19.00x as of March 2026, meaning it reinvests 19% of its operating cash flow ($1.00 Million) in capital expenditures ($19.00 Million). See how much free cash does Gray Television Inc generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
19.00x
Capex / Operating Cash Flow
Operating Cash Flow
$1.00 Million
USD
Capital Expenditures
$19.00 Million
USD
Data as of
Mar 2026
Most recent filing
Gray Television Inc Capital Reinvestment Ratio (1990–2025)
This chart tracks Gray Television Inc's Capital Reinvestment Ratio across 36 annual periods.
Annual Capital Reinvestment Ratio for Gray Television Inc (1990–2025)
Year-by-year Capital Reinvestment Ratio for Gray Television Inc from 1990 to 2025. For live market cap and broader valuation context, see GTN-A market cap overview.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.37x | $289.00 Million | $108.00 Million | ▲ +96.3% |
| 2024 | 0.19x | $751.00 Million | $143.00 Million | ▼ -64.5% |
| 2023 | 0.54x | $648.00 Million | $348.00 Million | ▲ +2.1% |
| 2022 | 0.53x | $829.00 Million | $436.00 Million | ▼ -23.8% |
| 2021 | 0.69x | $300.00 Million | $207.00 Million | ▲ +309.0% |
| 2020 | 0.17x | $652.00 Million | $110.00 Million | ▼ -41.0% |
| 2019 | 0.29x | $385.00 Million | $110.00 Million | ▲ +32.0% |
| 2018 | 0.22x | $323.32 Million | $69.97 Million | ▲ +12.9% |
| 2017 | 0.19x | $180.01 Million | $34.52 Million | ▼ -9.1% |
| 2016 | 0.21x | $206.63 Million | $43.60 Million | ▼ -8.0% |
| 2015 | 0.23x | $105.61 Million | $24.22 Million | ▼ -4.4% |
| 2014 | 0.24x | $134.22 Million | $32.22 Million | ▼ -39.9% |
| 2013 | 0.40x | $60.24 Million | $24.05 Million | ▲ +45.5% |
| 2012 | 0.27x | $89.37 Million | $24.52 Million | ▼ -56.8% |
| 2011 | 0.64x | $38.17 Million | $24.27 Million | ▲ +25.0% |
| 2010 | 0.51x | $38.13 Million | $19.39 Million | ▼ -45.8% |
| 2009 | 0.94x | $18.90 Million | $17.76 Million | ▲ +324.9% |
| 2008 | 0.22x | $73.67 Million | $16.29 Million | ▼ -74.8% |
| 2007 | 0.88x | $28.36 Million | $24.83 Million | ▲ +70.0% |
| 2006 | 0.52x | $79.86 Million | $41.14 Million | ▼ -30.0% |
| 2005 | 0.74x | $50.48 Million | $37.16 Million | ▲ +108.4% |
| 2004 | 0.35x | $102.74 Million | $36.30 Million | ▼ -1.3% |
| 2003 | 0.36x | $62.32 Million | $22.31 Million | ▼ -35.0% |
| 2002 | 0.55x | $27.17 Million | $14.97 Million | ▲ +0.3% |
| 2001 | 0.55x | $20.47 Million | $11.24 Million | ▲ +119.2% |
| 2000 | 0.25x | $22.76 Million | $5.70 Million | ▼ -95.9% |
| 1999 | 6.08x | $20.80 Million | $126.40 Million | ▼ -7.3% |
| 1998 | 6.56x | $20.10 Million | $131.80 Million | ▲ +511.6% |
| 1997 | 1.07x | $9.70 Million | $10.40 Million | ▲ +281.6% |
| 1996 | 0.28x | $12.10 Million | $3.40 Million | ▼ -35.3% |
| 1995 | 0.43x | $7.60 Million | $3.30 Million | ▲ +68.9% |
| 1994 | 0.26x | $7.00 Million | $1.80 Million | ▼ -76.9% |
| 1993 | 1.11x | $900.00K | $1.00 Million | ▲ +58.7% |
| 1992 | 0.70x | $4.00 Million | $2.80 Million | ▲ +0.0% |
| 1991 | 0.70x | $4.00 Million | $2.80 Million | ▲ +198.7% |
| 1990 | 0.23x | $6.40 Million | $1.50 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow