Gray Television Inc (GTN) — Capital Reinvestment Ratio
Latest as of September 2025:
1.79x
Gray Television Inc (GTN) has a Capital Reinvestment Ratio of 1.79x as of September 2025, meaning it reinvests 2% of its operating cash flow ($14.00 Million) in capital expenditures ($25.00 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
1.79x
Capex / Operating Cash Flow
Operating Cash Flow
$14.00 Million
USD
Capital Expenditures
$25.00 Million
USD
Data as of
Sep 2025
Most recent filing
Gray Television Inc Capital Reinvestment Ratio (1990–2024)
This chart tracks Gray Television Inc's Capital Reinvestment Ratio across 35 annual periods.
Annual Capital Reinvestment Ratio for Gray Television Inc (1990–2024)
Year-by-year Capital Reinvestment Ratio for Gray Television Inc from 1990 to 2024. For live market cap and broader valuation context, see GTN market cap overview.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 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