GTN vs NXST

For growth investors, Nexstar Media Group, Inc.

(NXST) is the stronger pick with -8. 5% revenue growth year-over-year, versus -15. 1% for Gray Media, Inc. (GTN). Nexstar Media Group, Inc. (NXST) offers the better valuation at 65. 7x trailing P/E (8. 0x forward), making it the more compelling value choice. Analysts rate Gray Media, Inc. (GTN) a "Buy" — based on 9 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On forward P/E, Gray Media, Inc.

is actually cheaper at 2. 3x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, Nexstar Media Group, Inc.

(NXST) delivered a total return of +50. 3%, compared to -67. 8% for Gray Media, Inc. (GTN). Over 10 years, the gap is even starker: NXST returned +335. 9% versus GTN's -47. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Nexstar Media Group, Inc.

(NXST) is the lower-risk stock at 0. 73β versus Gray Media, Inc. 's 1. 54β — meaning GTN is approximately 112% more volatile than NXST relative to the S&P 500.

By revenue growth (latest reported year), Nexstar Media Group, Inc.

(NXST) is pulling ahead at -8. 5% versus -15. 1% for Gray Media, Inc. (GTN). On earnings-per-share growth, the picture is similar: Nexstar Media Group, Inc. grew EPS -86. 0% year-over-year, compared to -126. 2% for Gray Media, Inc.. Over a 3-year CAGR, NXST leads at -1. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Nexstar Media Group, Inc.

(NXST) is the more profitable company, earning 2. 2% net margin versus -2. 7% for Gray Media, Inc. — meaning it keeps 2. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NXST leads at 17. 2% versus 12. 7% for GTN. At the gross margin level — before operating expenses — GTN leads at 96. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Gray Media, Inc.

(GTN) trades at 2. 3x forward P/E versus 8. 0x for Nexstar Media Group, Inc. — 5. 7x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for GTN: 44. 7% to $8. 00.

All stocks in this comparison pay dividends.

Gray Media, Inc. (GTN) offers the highest yield at 6. 2%, versus 2. 8% for Nexstar Media Group, Inc. (NXST).

For long-horizon retirement investors, Nexstar Media Group, Inc.

(NXST) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 73), 2. 8% yield, +335. 9% 10Y return). Gray Media, Inc. (GTN) carries a higher beta of 1. 54 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (NXST: +335. 9%, GTN: -47. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: GTN is a small-cap income-oriented stock; NXST is a small-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.