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GRAY MEDIA, INC（GTN）与纽约时报公司（NYT）财务数据对比。点击上方公司名可切换其他公司
纽约时报公司的季度营收约是GRAY MEDIA, INC的1.0倍（$802.3M vs $792.0M），纽约时报公司净利率更高（16.2% vs -1.3%，领先17.4%），纽约时报公司同比增速更快（10.4% vs -24.2%），纽约时报公司自由现金流更多（$157.6M vs $69.0M），过去两年纽约时报公司的营收复合增速更高（16.2% vs -1.9%）
格雷传媒是总部位于美国亚特兰大的上市电视广播企业，1946年由詹姆斯·哈里森·格雷创立，按电视台数量计算目前是美国第三大电视台运营商，在美国113个传媒市场拥有或运营180家电视台，覆盖范围从亚特兰大这样的大型市场到内布拉斯加州北普拉特这类小型市场。
纽约时报公司是美国知名大众传媒企业，总部位于纽约市曼哈顿的纽约时报大厦，旗下核心出版产品包括《纽约时报》及其国际版等系列刊物，同时运营多元媒体资产，在全球新闻传媒领域拥有较高知名度。
GTN vs NYT — 直观对比
营收规模更大
NYT
是对方的1.0倍
$792.0M
营收增速更快
NYT
高出34.6%
-24.2%
净利率更高
NYT
高出17.4%
-1.3%
自由现金流更多
NYT
多$88.6M
$69.0M
两年增速更快
NYT
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $792.0M | $802.3M |
| 净利润 | $-10.0M | $129.8M |
| 毛利率 | — | — |
| 营业利润率 | 14.6% | 20.1% |
| 净利率 | -1.3% | 16.2% |
| 营收同比 | -24.2% | 10.4% |
| 净利润同比 | -105.9% | 4.9% |
| 每股收益（稀释后） | $-0.23 | $0.79 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收GTNNYT
| Q4 25 | $792.0M | $802.3M | ||
| Q3 25 | $749.0M | $700.8M | ||
| Q2 25 | $772.0M | $685.9M | ||
| Q1 25 | $782.0M | $635.9M | ||
| Q4 24 | $1.0B | $726.6M | ||
| Q3 24 | $950.0M | $640.2M | ||
| Q2 24 | $826.0M | $625.1M | ||
| Q1 24 | $823.0M | $594.0M |
净利润GTNNYT
| Q4 25 | $-10.0M | $129.8M | ||
| Q3 25 | $-10.0M | $81.6M | ||
| Q2 25 | $-56.0M | $82.9M | ||
| Q1 25 | $-9.0M | $49.6M | ||
| Q4 24 | $169.0M | $123.7M | ||
| Q3 24 | $96.0M | $64.1M | ||
| Q2 24 | $22.0M | $65.5M | ||
| Q1 24 | $88.0M | $40.4M |
营业利润率GTNNYT
| Q4 25 | 14.6% | 20.1% | ||
| Q3 25 | 13.6% | 15.0% | ||
| Q2 25 | 10.6% | 15.5% | ||
| Q1 25 | 11.8% | 9.2% | ||
| Q4 24 | 31.1% | 20.2% | ||
| Q3 24 | 26.3% | 12.0% | ||
| Q2 24 | 18.4% | 12.7% | ||
| Q1 24 | 15.1% | 8.1% |
净利率GTNNYT
| Q4 25 | -1.3% | 16.2% | ||
| Q3 25 | -1.3% | 11.7% | ||
| Q2 25 | -7.3% | 12.1% | ||
| Q1 25 | -1.2% | 7.8% | ||
| Q4 24 | 16.2% | 17.0% | ||
| Q3 24 | 10.1% | 10.0% | ||
| Q2 24 | 2.7% | 10.5% | ||
| Q1 24 | 10.7% | 6.8% |
每股收益（稀释后）GTNNYT
| Q4 25 | $-0.23 | $0.79 | ||
| Q3 25 | $-0.24 | $0.50 | ||
| Q2 25 | $-0.71 | $0.50 | ||
| Q1 25 | $-0.23 | $0.30 | ||
| Q4 24 | $1.62 | $0.74 | ||
| Q3 24 | $0.86 | $0.39 | ||
| Q2 24 | $0.09 | $0.40 | ||
| Q1 24 | $0.79 | $0.24 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $368.0M | $642.2M |
| 总债务越低越好 | $5.7B | — |
| 股东权益账面价值 | $2.2B | $2.0B |
| 总资产 | $10.4B | $3.0B |
| 负债/权益比越低杠杆越低 | 2.65× | — |
8季度趋势，按日历期对齐
现金及短期投资GTNNYT
| Q4 25 | $368.0M | $642.2M | ||
| Q3 25 | $182.0M | $617.4M | ||
| Q2 25 | $199.0M | $540.2M | ||
| Q1 25 | $210.0M | $522.1M | ||
| Q4 24 | $135.0M | $565.9M | ||
| Q3 24 | $69.0M | $492.9M | ||
| Q2 24 | $75.0M | $411.4M | ||
| Q1 24 | $134.0M | $379.1M |
总债务GTNNYT
| Q4 25 | $5.7B | — | ||
| Q3 25 | $5.6B | — | ||
| Q2 25 | $5.6B | — | ||
| Q1 25 | $5.6B | — | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $5.9B | — | ||
| Q2 24 | $6.1B | — | ||
| Q1 24 | $6.2B | — |
股东权益GTNNYT
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.2B | $1.9B | ||
| Q1 25 | $2.3B | $1.9B | ||
| Q4 24 | $2.3B | $1.9B | ||
| Q3 24 | $2.1B | $1.9B | ||
| Q2 24 | $2.1B | $1.8B | ||
| Q1 24 | $2.0B | $1.7B |
总资产GTNNYT
| Q4 25 | $10.4B | $3.0B | ||
| Q3 25 | $10.3B | $2.9B | ||
| Q2 25 | $10.4B | $2.8B | ||
| Q1 25 | $10.4B | $2.7B | ||
| Q4 24 | $10.5B | $2.8B | ||
| Q3 24 | $10.6B | $2.8B | ||
| Q2 24 | $10.6B | $2.7B | ||
| Q1 24 | $10.7B | $2.6B |
负债/权益比GTNNYT
| Q4 25 | 2.65× | — | ||
| Q3 25 | 2.59× | — | ||
| Q2 25 | 2.57× | — | ||
| Q1 25 | 2.48× | — | ||
| Q4 24 | 2.41× | — | ||
| Q3 24 | 2.77× | — | ||
| Q2 24 | 2.97× | — | ||
| Q1 24 | 3.02× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $112.0M | $164.2M |
| 自由现金流经营现金流 - 资本支出 | $69.0M | $157.6M |
| 自由现金流率自由现金流/营收 | 8.7% | 19.6% |
| 资本支出强度资本支出/营收 | 5.4% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 1.26× |
| 过去12个月自由现金流最近4个季度 | $181.0M | $550.5M |
8季度趋势，按日历期对齐
经营现金流GTNNYT
| Q4 25 | $112.0M | $164.2M | ||
| Q3 25 | $14.0M | $207.6M | ||
| Q2 25 | $31.0M | $113.6M | ||
| Q1 25 | $132.0M | $99.1M | ||
| Q4 24 | $368.0M | $151.7M | ||
| Q3 24 | $297.0M | $125.5M | ||
| Q2 24 | $18.0M | $80.2M | ||
| Q1 24 | $68.0M | $53.1M |
自由现金流GTNNYT
| Q4 25 | $69.0M | $157.6M | ||
| Q3 25 | $-11.0M | $199.7M | ||
| Q2 25 | $6.0M | $103.3M | ||
| Q1 25 | $117.0M | $89.9M | ||
| Q4 24 | $328.0M | $143.6M | ||
| Q3 24 | $257.0M | $118.4M | ||
| Q2 24 | $-11.0M | $72.6M | ||
| Q1 24 | $34.0M | $46.7M |
自由现金流率GTNNYT
| Q4 25 | 8.7% | 19.6% | ||
| Q3 25 | -1.5% | 28.5% | ||
| Q2 25 | 0.8% | 15.1% | ||
| Q1 25 | 15.0% | 14.1% | ||
| Q4 24 | 31.4% | 19.8% | ||
| Q3 24 | 27.1% | 18.5% | ||
| Q2 24 | -1.3% | 11.6% | ||
| Q1 24 | 4.1% | 7.9% |
资本支出强度GTNNYT
| Q4 25 | 5.4% | 0.8% | ||
| Q3 25 | 3.3% | 1.1% | ||
| Q2 25 | 3.2% | 1.5% | ||
| Q1 25 | 1.9% | 1.5% | ||
| Q4 24 | 3.8% | 1.1% | ||
| Q3 24 | 4.2% | 1.1% | ||
| Q2 24 | 3.5% | 1.2% | ||
| Q1 24 | 4.1% | 1.1% |
现金转化率GTNNYT
| Q4 25 | — | 1.26× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 1.37× | ||
| Q1 25 | — | 2.00× | ||
| Q4 24 | 2.18× | 1.23× | ||
| Q3 24 | 3.09× | 1.96× | ||
| Q2 24 | 0.82× | 1.22× | ||
| Q1 24 | 0.77× | 1.31× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
GTN
| Core Advertising | $392.0M | 49% |
| Retransmission Consent | $335.0M | 42% |
| Production Companies Segment | $37.0M | 5% |
| Service Other | $16.0M | 2% |
| Political Advertising | $12.0M | 2% |
NYT
| Subscription | $510.5M | 64% |
| Advertising | $191.7M | 24% |
| Affiliate Licensing And Other Products And Services | $100.2M | 12% |
