Gray Television Inc (GTN-A) — Cash Flow Reinvestment Rate

Latest as of March 2026: 19.00x

Gray Television Inc (GTN-A) has a Cash Flow Reinvestment Rate of 19.00x as of March 2026, reinvesting $19.00 Million (capex $19.00 Million ) from operating cash flow of $1.00 Million. Check earnings quality score of Gray Television Inc to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

19.00x
(Capex + Investments) / Operating CF

Total Reinvested

$19.00 Million
Capex + Investments

Operating Cash Flow

$1.00 Million
USD

Capital Expenditures

$19.00 Million
USD

Gray Television Inc Cash Flow Reinvestment Rate (1990–2025)

Historical reinvestment intensity for Gray Television Inc across 36 annual periods. Explore investment intensity of Gray Television Inc to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Gray Television Inc (1990–2025)

Year-by-year capital reinvestment analysis for Gray Television Inc. For live market cap and broader valuation context, see how much is Gray Television Inc worth.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.46x $132.00 Million $289.00 Million $108.00 Million ▲ +100.6%
2024 0.23x $171.00 Million $751.00 Million $143.00 Million ▼ -76.9%
2023 0.99x $639.00 Million $648.00 Million $348.00 Million ▲ +80.9%
2022 0.55x $452.00 Million $829.00 Million $436.00 Million ▼ -36.1%
2021 0.85x $256.00 Million $300.00 Million $207.00 Million ▲ +252.1%
2020 0.24x $158.00 Million $652.00 Million $110.00 Million ▼ -96.6%
2019 7.18x $2.77 Billion $385.00 Million $110.00 Million ▲ +1879.4%
2018 0.36x $117.35 Million $323.32 Million $69.97 Million ▼ -83.0%
2017 2.13x $384.31 Million $180.01 Million $34.52 Million ▼ -15.6%
2016 2.53x $522.94 Million $206.63 Million $43.60 Million ▲ +1003.5%
2015 0.23x $24.22 Million $105.61 Million $24.22 Million ▼ -4.4%
2014 0.24x $32.22 Million $134.22 Million $32.22 Million ▼ -39.9%
2013 0.40x $24.05 Million $60.24 Million $24.05 Million ▲ +45.5%
2012 0.27x $24.52 Million $89.37 Million $24.52 Million ▼ -56.8%
2011 0.64x $24.27 Million $38.17 Million $24.27 Million ▲ +25.0%
2010 0.51x $19.39 Million $38.13 Million $19.39 Million ▼ -45.8%
2009 0.94x $17.76 Million $18.90 Million $17.76 Million ▲ +324.9%
2008 0.22x $16.29 Million $73.67 Million $16.29 Million ▼ -74.8%
2007 0.88x $24.83 Million $28.36 Million $24.83 Million ▲ +70.0%
2006 0.52x $41.14 Million $79.86 Million $41.14 Million ▼ -30.0%
2005 0.74x $37.16 Million $50.48 Million $37.16 Million ▲ +108.4%
2004 0.35x $36.30 Million $102.74 Million $36.30 Million ▼ -1.3%
2003 0.36x $22.31 Million $62.32 Million $22.31 Million ▼ -35.0%
2002 0.55x $14.97 Million $27.17 Million $14.97 Million ▲ +0.3%
2001 0.55x $11.24 Million $20.47 Million $11.24 Million ▲ +119.2%
2000 0.25x $5.70 Million $22.76 Million $5.70 Million ▼ -95.9%
1999 6.08x $126.40 Million $20.80 Million $126.40 Million ▼ -7.3%
1998 6.56x $131.80 Million $20.10 Million $131.80 Million ▲ +511.6%
1997 1.07x $10.40 Million $9.70 Million $10.40 Million ▲ +281.6%
1996 0.28x $3.40 Million $12.10 Million $3.40 Million ▼ -35.3%
1995 0.43x $3.30 Million $7.60 Million $3.30 Million ▲ +68.9%
1994 0.26x $1.80 Million $7.00 Million $1.80 Million ▼ -76.9%
1993 1.11x $1.00 Million $900.00K $1.00 Million ▲ +58.7%
1992 0.70x $2.80 Million $4.00 Million $2.80 Million ▲ +0.0%
1991 0.70x $2.80 Million $4.00 Million $2.80 Million ▲ +198.7%
1990 0.23x $1.50 Million $6.40 Million $1.50 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow