Gray Media Inc. (GTN) — RQD Stock Rating Cockpit

Per the Roarable RQD rating, GTN scores 38 out of 100 with a letter grade of D-, labeled "Roarable Sell — Vulnerable Balance Sheet & Flow." The five pillars are: Fundamental Cash Engine at 11/20 (ROIC 4.1%; FCF yield 0%); Whale 13F Flow at 7/20 (institutional accumulation and options positioning); Insider Conviction at 10/20 (SEC Form 4 and Congressional PTR cluster flow); Macro Regime Fit at 4/20 (Beta 1.0; sector sensitivity); and Forensic Balance Sheet at 6/20 (Altman Z 0.63; Piotroski F 4/9; Debt/Equity 2.66). The weakest pillar is Macro Regime Fit, followed by Forensic Balance Sheet. For a prospective investor, the rating points to a leveraged issuer whose reported free cash flow yield is 0% and whose balance-sheet forensic scores sit in weak territory. Upside drivers cited in the source data are limited to the recent price move and the sell-side "Moderate Buy" headline; the rating itself does not identify a fundamental offset to the balance-sheet weakness. Valuation tradeoffs are visible in the Snapshot: the stock carries a 7.17% dividend yield alongside an EV/EBITDA of 12.1 and a negative net margin, so yield and leverage must be weighed together. This analysis is educational and is not personalized financial advice.

Gray Media Inc. (GTN) is a NYSE-listed issuer in the Communication Services sector, operating in the Broadcasting industry. Per the source profile, the company's market capitalization is $0.5B. Per the SEC financials, FY 2025 revenue was $3095.0M, indicating a broadcasting revenue base of that scale. The source data does not describe the specific products, customers, or revenue-generation mix beyond the sector and industry classification.

Per the market data, operating margin is 12.7%, net margin is -2.7%, and gross margin is 0%. ROIC is 4.1%. Per the Roarable RQD rating, the Altman Z-Score is 0.63 and the Piotroski F-Score is 4/9, with Debt/Equity at 2.66. Reported debt of $5742.0M in FY 2025 against cash of $368.0M reflects a leveraged balance sheet, and FY 2025 net income was negative.

Per the recent news feed, six items reference GTN: a Yahoo Finance piece headlined "Gray Media (GTN) Stock Sinks As Market Gains: Here's Why" (GREEN, CATALYST); a Seeking Alpha piece titled "Gray Media: 6.9% Yield Is Not Enough" (YELLOW, MARKET WIRE); a Yahoo Finance item on GTN gaining when the market dipped (GREEN, CATALYST); a MarketBeat item on the stock price breaking above its two hundred day moving average (YELLOW, MARKET WIRE); a Yahoo Finance item on investor attention (YELLOW, MARKET WIRE); and a MarketBeat item stating a "Moderate Buy" rating from sell-side brokerages (YELLOW, MARKET WIRE). The feed headlines describe the 6.9% yield critically and the moving-average break and brokerage rating constructively, but the source data does not provide the underlying figures for these items. Per the Butterfly Supply-Chain Graph, there are no proprietary signals and no supply-chain links recorded. Per the market data, the price is up 4.2% on the day.

• What drove the FY 2025 net loss of $-85.0M despite $392.0M of operating income, and how much of the gap reflects interest or other non-operating items the source does not itemize?
• How does the company plan to service $5742.0M of reported debt given cash of $368.0M and FY 2025 free cash flow of $181.0M?
• What are the terms, maturities, and covenants of the debt, and what is the timing of its refinancing?
• What is the basis for the 7.17% dividend yield, and what is the sustainability of the distribution given negative net income?
• What is the EPS trajectory, since EPS is reported as N/A across all periods and P/E cannot be computed?