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Side-by-side financial comparison of GRAY MEDIA, INC (GTN) and VISHAY INTERTECHNOLOGY INC (VSH). Click either name above to swap in a different company.

VISHAY INTERTECHNOLOGY INC is the larger business by last-quarter revenue ($800.9M vs $792.0M, roughly 1.0× GRAY MEDIA, INC). VISHAY INTERTECHNOLOGY INC runs the higher net margin — 0.1% vs -1.3%, a 1.4% gap on every dollar of revenue. On growth, VISHAY INTERTECHNOLOGY INC posted the faster year-over-year revenue change (12.1% vs -24.2%). GRAY MEDIA, INC produced more free cash flow last quarter ($69.0M vs $54.6M). Over the past eight quarters, VISHAY INTERTECHNOLOGY INC's revenue compounded faster (3.6% CAGR vs -1.9%).

Gray Media, Inc. is an American publicly traded television broadcasting company based in Atlanta. Founded in 1946 by James Harrison Gray as Gray Communications Systems, the company is the third-largest television station operator in the United States by number of stations, owning or operating 180 stations across the United States in 113 markets. Its station base consists of media markets ranging from as large as Atlanta to one of the smallest markets, North Platte, Nebraska.

Vishay Intertechnology, Inc. is an American manufacturer of discrete semiconductors and passive electronic components founded by Polish-born businessman Felix Zandman. Vishay has manufacturing plants in Israel, Asia, Europe, and the Americas where it produces rectifiers, diodes, MOSFETs, optoelectronics, selected integrated circuits, resistors, capacitors, and inductors. Vishay Intertechnology revenues for 2024 were $2.9 billion. At the end of 2024, Vishay had approximately 22,700 full-time e...

GTN vs VSH — Head-to-Head

Bigger by revenue
VSH
VSH
1.0× larger
VSH
$800.9M
$792.0M
GTN
Growing faster (revenue YoY)
VSH
VSH
+36.3% gap
VSH
12.1%
-24.2%
GTN
Higher net margin
VSH
VSH
1.4% more per $
VSH
0.1%
-1.3%
GTN
More free cash flow
GTN
GTN
$14.4M more FCF
GTN
$69.0M
$54.6M
VSH
Faster 2-yr revenue CAGR
VSH
VSH
Annualised
VSH
3.6%
-1.9%
GTN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GTN
GTN
VSH
VSH
Revenue
$792.0M
$800.9M
Net Profit
$-10.0M
$986.0K
Gross Margin
19.6%
Operating Margin
14.6%
1.8%
Net Margin
-1.3%
0.1%
Revenue YoY
-24.2%
12.1%
Net Profit YoY
-105.9%
101.5%
EPS (diluted)
$-0.23
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
GTN
GTN
VSH
VSH
Q4 25
$792.0M
$800.9M
Q3 25
$749.0M
$790.6M
Q2 25
$772.0M
$762.3M
Q1 25
$782.0M
$715.2M
Q4 24
$1.0B
$714.7M
Q3 24
$950.0M
$735.4M
Q2 24
$826.0M
$741.2M
Q1 24
$823.0M
$746.3M
Net Profit
GTN
GTN
VSH
VSH
Q4 25
$-10.0M
$986.0K
Q3 25
$-10.0M
$-7.9M
Q2 25
$-56.0M
$2.0M
Q1 25
$-9.0M
$-4.1M
Q4 24
$169.0M
$-66.1M
Q3 24
$96.0M
$-19.3M
Q2 24
$22.0M
$23.5M
Q1 24
$88.0M
$30.9M
Gross Margin
GTN
GTN
VSH
VSH
Q4 25
19.6%
Q3 25
19.5%
Q2 25
19.5%
Q1 25
19.0%
Q4 24
19.9%
Q3 24
20.5%
Q2 24
22.0%
Q1 24
22.8%
Operating Margin
GTN
GTN
VSH
VSH
Q4 25
14.6%
1.8%
Q3 25
13.6%
2.4%
Q2 25
10.6%
2.9%
Q1 25
11.8%
0.1%
Q4 24
31.1%
-7.9%
Q3 24
26.3%
-2.5%
Q2 24
18.4%
5.1%
Q1 24
15.1%
5.7%
Net Margin
GTN
GTN
VSH
VSH
Q4 25
-1.3%
0.1%
Q3 25
-1.3%
-1.0%
Q2 25
-7.3%
0.3%
Q1 25
-1.2%
-0.6%
Q4 24
16.2%
-9.2%
Q3 24
10.1%
-2.6%
Q2 24
2.7%
3.2%
Q1 24
10.7%
4.1%
EPS (diluted)
GTN
GTN
VSH
VSH
Q4 25
$-0.23
$0.01
Q3 25
$-0.24
$-0.06
Q2 25
$-0.71
$0.01
Q1 25
$-0.23
$-0.03
Q4 24
$1.62
$-0.48
Q3 24
$0.86
$-0.14
Q2 24
$0.09
$0.17
Q1 24
$0.79
$0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GTN
GTN
VSH
VSH
Cash + ST InvestmentsLiquidity on hand
$368.0M
$515.0M
Total DebtLower is stronger
$5.7B
$950.9M
Stockholders' EquityBook value
$2.2B
$2.1B
Total Assets
$10.4B
$4.2B
Debt / EquityLower = less leverage
2.65×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTN
GTN
VSH
VSH
Q4 25
$368.0M
$515.0M
Q3 25
$182.0M
$443.9M
Q2 25
$199.0M
$473.9M
Q1 25
$210.0M
$609.4M
Q4 24
$135.0M
$590.3M
Q3 24
$69.0M
$643.8M
Q2 24
$75.0M
$672.7M
Q1 24
$134.0M
$796.5M
Total Debt
GTN
GTN
VSH
VSH
Q4 25
$5.7B
$950.9M
Q3 25
$5.6B
$919.7M
Q2 25
$5.6B
$914.5M
Q1 25
$5.6B
$988.2M
Q4 24
$5.5B
$905.0M
Q3 24
$5.9B
$820.8M
Q2 24
$6.1B
$820.6M
Q1 24
$6.2B
$819.4M
Stockholders' Equity
GTN
GTN
VSH
VSH
Q4 25
$2.2B
$2.1B
Q3 25
$2.2B
$2.1B
Q2 25
$2.2B
$2.1B
Q1 25
$2.3B
$2.0B
Q4 24
$2.3B
$2.0B
Q3 24
$2.1B
$2.2B
Q2 24
$2.1B
$2.2B
Q1 24
$2.0B
$2.2B
Total Assets
GTN
GTN
VSH
VSH
Q4 25
$10.4B
$4.2B
Q3 25
$10.3B
$4.2B
Q2 25
$10.4B
$4.2B
Q1 25
$10.4B
$4.2B
Q4 24
$10.5B
$4.1B
Q3 24
$10.6B
$4.2B
Q2 24
$10.6B
$4.2B
Q1 24
$10.7B
$4.3B
Debt / Equity
GTN
GTN
VSH
VSH
Q4 25
2.65×
0.46×
Q3 25
2.59×
0.44×
Q2 25
2.57×
0.44×
Q1 25
2.48×
0.49×
Q4 24
2.41×
0.45×
Q3 24
2.77×
0.38×
Q2 24
2.97×
0.38×
Q1 24
3.02×
0.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GTN
GTN
VSH
VSH
Operating Cash FlowLast quarter
$112.0M
$149.4M
Free Cash FlowOCF − Capex
$69.0M
$54.6M
FCF MarginFCF / Revenue
8.7%
6.8%
Capex IntensityCapex / Revenue
5.4%
11.8%
Cash ConversionOCF / Net Profit
151.48×
TTM Free Cash FlowTrailing 4 quarters
$181.0M
$-89.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTN
GTN
VSH
VSH
Q4 25
$112.0M
$149.4M
Q3 25
$14.0M
$27.6M
Q2 25
$31.0M
$-8.8M
Q1 25
$132.0M
$16.1M
Q4 24
$368.0M
$67.7M
Q3 24
$297.0M
$50.6M
Q2 24
$18.0M
$-24.7M
Q1 24
$68.0M
$80.2M
Free Cash Flow
GTN
GTN
VSH
VSH
Q4 25
$69.0M
$54.6M
Q3 25
$-11.0M
$-24.7M
Q2 25
$6.0M
$-73.4M
Q1 25
$117.0M
$-45.5M
Q4 24
$328.0M
$-77.2M
Q3 24
$257.0M
$-9.0M
Q2 24
$-11.0M
$-87.3M
Q1 24
$34.0M
$27.1M
FCF Margin
GTN
GTN
VSH
VSH
Q4 25
8.7%
6.8%
Q3 25
-1.5%
-3.1%
Q2 25
0.8%
-9.6%
Q1 25
15.0%
-6.4%
Q4 24
31.4%
-10.8%
Q3 24
27.1%
-1.2%
Q2 24
-1.3%
-11.8%
Q1 24
4.1%
3.6%
Capex Intensity
GTN
GTN
VSH
VSH
Q4 25
5.4%
11.8%
Q3 25
3.3%
6.6%
Q2 25
3.2%
8.5%
Q1 25
1.9%
8.6%
Q4 24
3.8%
20.3%
Q3 24
4.2%
8.1%
Q2 24
3.5%
8.4%
Q1 24
4.1%
7.1%
Cash Conversion
GTN
GTN
VSH
VSH
Q4 25
151.48×
Q3 25
Q2 25
-4.39×
Q1 25
Q4 24
2.18×
Q3 24
3.09×
Q2 24
0.82×
-1.05×
Q1 24
0.77×
2.59×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GTN
GTN

Core Advertising$392.0M49%
Retransmission Consent$335.0M42%
Production Companies Segment$37.0M5%
Service Other$16.0M2%
Political Advertising$12.0M2%

VSH
VSH

Resistors Segment$189.4M24%
Diodes Segment$154.2M19%
Capacitors Segment$136.5M17%
Other$126.4M16%
Inductors Segment$92.6M12%
Optoelectronic Components Segment$55.7M7%
EMS Companies$51.6M6%

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