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6Apr 2, 2026·SEC
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Nexstar Media Group, Inc. (NXST) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Nexstar Media Group, Inc. (NXST) stock price & volume — 10-year historical chart
Nexstar Media Group, Inc. (NXST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Nexstar Media Group, Inc. (NXST) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $4.30vs $4.01+7.2% | $1.3Bvs $1.3B+3.1% |
| Q4 2025 | Nov 6, 2025 | $2.14vs $2.62-18.3% | $1.2Bvs $1.2B-4.2% |
| Q3 2025 | Aug 7, 2025 | $3.06vs $2.95+3.7% | $1.2Bvs $1.2B+1.4% |
| Q2 2025 | May 8, 2025 | $3.37vs $3.26+3.4% | $1.2Bvs $1.2B+0.6% |
Nexstar Media Group, Inc. (NXST) competitors in Broadcast and Local TV Stations — business model, growth, and fundamentals comparison
Nexstar Media Group, Inc. (NXST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Nexstar Media Group, Inc. (NXST) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 2.43B | 2.77B | 3.04B | 4.5B | 4.65B | 5.21B | 4.93B | 5.41B | 4.95B |
| Revenue Growth % | 120.45% | 13.76% | 9.85% | 48.1% | 3.26% | 12.11% | -5.33% | 9.61% | -8.47% |
| Cost of Goods Sold | 1.04B | 1.12B | 1.35B | 1.72B | 1.86B | 2B | 2.13B | 2.22B | 0 |
| COGS % of Revenue | 42.6% | 40.41% | 44.37% | 38.22% | 40.06% | 38.48% | 43.08% | 41.08% | - |
| Gross Profit | 1.4B▲ 0% | 1.65B▲ 18.1% | 1.69B▲ 2.5% | 2.78B▲ 64.5% | 2.79B▲ 0.2% | 3.21B▲ 15.1% | 2.81B▼ 12.4% | 3.19B▲ 13.5% | 0▼ 100.0% |
| Gross Margin % | 57.4% | 59.59% | 55.63% | 61.78% | 59.94% | 61.52% | 56.92% | 58.92% | - |
| Gross Profit Growth % | 103.36% | 18.1% | 2.54% | 64.48% | 0.19% | 15.08% | -12.41% | 13.46% | -100% |
| Operating Expenses | 915.05M | 900.47M | 1.04B | 1.41B | 1.61B | 1.89B | 2.1B | 1.92B | 4.1B |
| OpEx % of Revenue | 37.63% | 32.55% | 34.07% | 31.22% | 34.66% | 36.35% | 42.57% | 35.47% | 82.84% |
| Selling, General & Admin | 466.71M | 469.01M | 729.98M | 912.1M | 1.02B | 1.1B | 1.1B | 1.09B | 815M |
| SG&A % of Revenue | 19.19% | 16.95% | 24.02% | 20.26% | 22.03% | 21.07% | 22.22% | 20.12% | 16.47% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1.28M | 37.66M | 305.58M | 493.3M | 587M | 796M | 1B | 830M | 3.29B |
| Operating Income | 518.75M▲ 0% | 757.78M▲ 46.1% | 655.13M▼ 13.5% | 1.38B▲ 109.9% | 1.18B▼ 14.6% | 1.31B▲ 11.7% | 708M▼ 46.0% | 1.27B▲ 79.1% | 849M▼ 33.0% |
| Operating Margin % | 21.33% | 27.39% | 21.56% | 30.56% | 25.28% | 25.18% | 14.35% | 23.45% | 17.16% |
| Operating Income Growth % | 80.55% | 46.08% | -13.55% | 109.94% | -14.57% | 11.66% | -46.04% | 79.1% | -33.04% |
| EBITDA | 841.81M | 1.08B | 1.06B | 1.94B | 1.76B | 1.97B | 1.65B | 2.08B | 1.32B |
| EBITDA Margin % | 34.61% | 38.97% | 35% | 43.11% | 37.95% | 37.88% | 33.43% | 38.39% | 26.67% |
| EBITDA Growth % | 106.51% | 28.09% | -1.34% | 82.39% | -9.09% | 11.9% | -16.46% | 25.89% | -36.42% |
| D&A (Non-Cash Add-back) | 323.07M | 320.54M | 408.71M | 564.9M | 589M | 662M | 941M | 808M | 471M |
| EBIT | 482.58M | 753.94M | 677.67M | 1.44B | 1.38B | 1.55B | 848M | 1.4B | 0 |
| Net Interest Income | -241.19M | -220.99M | -304.35M | -335.3M | -283M | -337M | -447M | -444M | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 241.19M | 220.99M | 304.35M | 335.3M | 283M | 337M | 447M | 444M | -379M |
| Other Income/Expense | -264.24M | -224.83M | -281.81M | -270.8M | -82M | -95M | -307M | -309M | -699M |
| Pretax Income | 241.38M▲ 0% | 532.95M▲ 120.8% | 373.32M▼ 30.0% | 1.1B▲ 195.9% | 1.09B▼ 1.1% | 1.22B▲ 11.3% | 401M▼ 67.1% | 959M▲ 139.2% | 150M▼ 84.4% |
| Pretax Margin % | 9.93% | 19.26% | 12.28% | 24.54% | 23.52% | 23.35% | 8.13% | 17.74% | 3.03% |
| Income Tax | -233.94M | 144.68M | 137.03M | 296.5M | 263M | 274M | 131M | 276M | -67M |
| Effective Tax Rate % | -96.92% | 27.15% | 36.7% | 26.84% | 24.06% | 22.51% | 32.67% | 28.78% | -44.67% |
| Net Income | 475M▲ 0% | 389.48M▼ 18.0% | 230.26M▼ 40.9% | 811.5M▲ 252.4% | 834M▲ 2.8% | 971M▲ 16.4% | 346M▼ 64.4% | 722M▲ 108.7% | 109M▼ 84.9% |
| Net Margin % | 19.53% | 14.08% | 7.58% | 18.03% | 17.94% | 18.63% | 7.01% | 13.35% | 2.2% |
| Net Income Growth % | 418.91% | -18% | -40.88% | 252.43% | 2.77% | 16.43% | -64.37% | 108.67% | -84.9% |
| Net Income (Continuing) | 475.33M | 388.26M | 236.29M | 808.1M | 830M | 943M | 270M | 683M | 109M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 10.7M | 16.21M | 22M | 18.48M | 7.1M | 28M | 14M | 11M | 0 |
| EPS (Diluted) | 10.07▲ 0% | 8.21▼ 18.5% | 4.80▼ 41.5% | 17.37▲ 261.9% | 18.98▲ 9.3% | 24.16▲ 27.3% | 9.66▼ 60.0% | 21.41▲ 121.6% | 3.00▼ 86.0% |
| EPS Growth % | 248.44% | -18.47% | -41.53% | 261.88% | 9.27% | 27.29% | -60.02% | 121.64% | -85.99% |
| EPS (Basic) | 10.38 | 8.52 | 5.01 | 18.06 | 19.81 | 24.68 | 9.80 | 21.73 | 3.04 |
| Diluted Shares Outstanding | 45.75M | 47.41M | 47.92M | 46.72M | 43.98M | 40.19M | 35.83M | 32.8M | 30.71M |
| Basic Shares Outstanding | 45.75M | 45.72M | 45.99M | 44.92M | 42.13M | 39.35M | 35.32M | 32.31M | 30.35M |
| Dividend Payout Ratio | 11.77% | 17.62% | 35.97% | 12.45% | 14.15% | 14.62% | 55.2% | 30.33% | 155.05% |
Nexstar Media Group, Inc. (NXST) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.06B | 767.08M | 1.35B | 1.21B | 1.41B | 1.61B | 1.47B | 1.3B | 0 |
| Cash & Short-Term Investments | 115.65M | 145.12M | 232.07M | 152.7M | 190.9M | 204M | 147M | 144M | 0 |
| Cash Only | 115.65M | 145.12M | 232.07M | 152.7M | 190.9M | 204M | 147M | 144M | 0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 562.94M | 547.28M | 883.92M | 904.8M | 1.02B | 1.08B | 1.09B | 1.03B | 0 |
| Days Sales Outstanding | 84.49 | 72.2 | 106.15 | 73.37 | 80.18 | 75.65 | 81.02 | 69.4 | - |
| Inventory | 71.86M | 22.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 25.32 | 7.4 | - | - | - | - | - | - | - |
| Other Current Assets | 305.76M | 52M | 83.78M | 16.61M | 15.63M | 331M | 224M | 125M | 0 |
| Total Non-Current Assets | 6.43B | 6.29B | 12.64B | 12.19B | 11.85B | 11.06B | 10.61B | 10.17B | 485M |
| Property, Plant & Equipment | 734.14M | 731.54M | 1.29B | 1.6B | 1.51B | 1.26B | 1.56B | 1.21B | 0 |
| Fixed Asset Turnover | 3.31x | 3.78x | 2.36x | 2.80x | 3.07x | 4.13x | 3.16x | 4.48x | - |
| Goodwill | 2.14B | 2.17B | 3B | 2.98B | 3.05B | 2.96B | 2.95B | 2.92B | 14M |
| Intangible Assets | 3.35B | 3.27B | 6.18B | 5.85B | 5.63B | 5.34B | 5.05B | 4.78B | 471M |
| Long-Term Investments | 0 | 14M | 1.48B | 1.33B | 1.22B | 1.12B | 958M | 877M | 0 |
| Other Non-Current Assets | 199.18M | 125.27M | 692.23M | 422.72M | 441.5M | 378M | 96M | 389M | 0 |
| Total Assets | 7.48B▲ 0% | 7.06B▼ 5.6% | 13.99B▲ 98.1% | 13.4B▼ 4.2% | 13.26B▼ 1.0% | 12.68B▼ 4.4% | 12.08B▼ 4.7% | 11.47B▼ 5.1% | 485M▼ 95.8% |
| Asset Turnover | 0.33x | 0.39x | 0.22x | 0.34x | 0.35x | 0.41x | 0.41x | 0.47x | 10.20x |
| Asset Growth % | 152.24% | -5.61% | 98.1% | -4.18% | -1.04% | -4.41% | -4.74% | -5.05% | -95.77% |
| Total Current Liabilities | 670.7M | 404.17M | 947.56M | 730.89M | 787.3M | 893M | 961M | 783M | 67M |
| Accounts Payable | 31.14M | 67.83M | 157.37M | 218.42M | 248.2M | 198M | 235M | 133M | 0 |
| Days Payables Outstanding | 10.97 | 22.15 | 42.59 | 46.34 | 48.65 | 36.04 | 40.36 | 21.86 | - |
| Short-Term Debt | 92.81M | 96.09M | 109.31M | 21.43M | 47.2M | 124M | 124M | 124M | 0 |
| Deferred Revenue (Current) | 215.5M | 175.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 501.98M | 90.97M | 226.58M | 146.57M | 176.5M | 164M | 442M | 169M | 67M |
| Current Ratio | 1.57x | 1.90x | 1.43x | 1.66x | 1.79x | 1.81x | 1.53x | 1.66x | - |
| Quick Ratio | 1.47x | 1.84x | 1.43x | 1.66x | 1.79x | 1.81x | 1.53x | 1.66x | - |
| Cash Conversion Cycle | 98.84 | 57.46 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 5.23B | 4.79B | 10.99B | 10.14B | 9.62B | 9.02B | 8.8B | 8.42B | 0 |
| Long-Term Debt | 4.27B | 3.88B | 8.38B | 7.65B | 7.37B | 6.83B | 6.71B | 6.4B | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 246M | 253M | 0 |
| Deferred Tax Liabilities | 619.44M | 633.88M | 1.71B | 1.67B | 1.73B | 1.61B | 1.52B | 1.49B | 0 |
| Other Non-Current Liabilities | 340.54M | 270.08M | 894.75M | 815.93M | 523.3M | 584M | 325M | 278M | 0 |
| Total Liabilities | 5.9B | 5.19B | 11.94B | 10.87B | 10.41B | 9.91B | 9.77B | 9.2B | 0 |
| Total Debt | 4.36B | 3.98B | 8.49B | 7.7B | 7.46B | 7B | 7.13B | 6.81B | 0 |
| Net Debt | 4.25B | 3.84B | 8.26B | 7.55B | 7.27B | 6.8B | 6.98B | 6.67B | 0 |
| Debt / Equity | 2.76x | 2.13x | 4.14x | 3.04x | 2.61x | 2.53x | 3.08x | 3.00x | - |
| Debt / EBITDA | 5.18x | 3.69x | 7.98x | 3.97x | 4.23x | 3.55x | 4.32x | 3.28x | - |
| Net Debt / EBITDA | 5.04x | 3.56x | 7.76x | 3.89x | 4.12x | 3.44x | 4.23x | 3.21x | - |
| Interest Coverage | 2.15x | 3.43x | 2.15x | 4.10x | 4.15x | 3.89x | 1.58x | 2.86x | - |
| Total Equity | 1.58B▲ 0% | 1.87B▲ 18.2% | 2.05B▲ 9.9% | 2.54B▲ 23.5% | 2.86B▲ 12.6% | 2.77B▼ 3.1% | 2.31B▼ 16.5% | 2.27B▼ 1.9% | 0▼ 100.0% |
| Equity Growth % | 456.11% | 18.19% | 9.87% | 23.54% | 12.64% | -3.1% | -16.47% | -1.95% | -100% |
| Book Value per Share | 34.56 | 39.42 | 42.85 | 54.30 | 64.97 | 68.90 | 64.55 | 69.15 | - |
| Total Shareholders' Equity | 1.57B | 1.85B | 2.03B | 2.52B | 2.85B | 2.74B | 2.3B | 2.26B | 0 |
| Common Stock | 473K | 473K | 473K | 473K | 500K | 0 | 0 | 0 | 0 |
| Retained Earnings | 299.52M | 620.37M | 778.83M | 1.49B | 2.2B | 3.03B | 3.19B | 3.67B | 0 |
| Treasury Stock | -78.06M | -105.69M | -121.39M | -367.13M | -807M | -1.61B | -2.17B | -2.72B | 0 |
| Accumulated OCI | 6.14M | -14.32M | 19.85M | 34.51M | 141.6M | 27M | 1M | -1M | 0 |
| Minority Interest | 10.7M | 16.21M | 22M | 18.48M | 7.1M | 28M | 14M | 11M | 0 |
Nexstar Media Group, Inc. (NXST) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 109.09M | 736.87M | 417.47M | 1.25B | 1.22B | 1.4B | 999M | 1.25B | 891M |
| Operating CF Margin % | 4.49% | 26.63% | 13.74% | 27.86% | 26.14% | 26.92% | 20.25% | 23.12% | 18% |
| Operating CF Growth % | -61.62% | 575.46% | -43.35% | 200.43% | -3.13% | 15.47% | -28.8% | 25.13% | -28.72% |
| Net Income | 475.33M | 388.26M | 236.29M | 808.1M | 830M | 943M | 270M | 683M | 362M |
| Depreciation & Amortization | 323.07M | 320.54M | 408.71M | 564.9M | 589M | 662M | 941M | 808M | 592M |
| Stock-Based Compensation | 24.07M | 31.26M | 38.62M | 48.3M | 47M | 62M | 60M | 78M | 58M |
| Deferred Taxes | -463.19M | 12.4M | -4.54M | -43.6M | 5M | -103M | -77M | -33M | -20M |
| Other Non-Cash Items | -49.17M | -33.06M | -167.54M | -41.5M | -43M | -47M | -204M | -235M | -49M |
| Working Capital Changes | -201.02M | 17.46M | -94.07M | -82M | -213M | -114M | 9M | -51M | -52M |
| Change in Receivables | -56.67M | 30.87M | 2.18M | 14M | -109M | -12M | -13M | 68M | 15M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -62.5M | 16.52M | 49.9M | 53.7M | 28M | -50M | 32M | -98M | -30M |
| Cash from Investing | -2.07B | -175.51M | -4.7B | -39.8M | -232M | 125M | -173M | -102M | -173M |
| Capital Expenditures | -72.46M | -106.25M | -197.51M | -217M | -151M | -157M | -149M | -145M | -148M |
| CapEx % of Revenue | 2.98% | 3.84% | 6.5% | 4.82% | 3.25% | 3.01% | 3.02% | 2.68% | 2.99% |
| Acquisitions | -2.49B | -103.98M | -4.53B | -23.6M | -138M | 29M | -38M | 0 | -22M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 499.48M | 34.71M | 28.59M | 207.8M | 57M | 253M | 14M | 3M | -3M |
| Cash from Financing | 1.06B | -531.89M | 4.39B | -1.29B | -945M | -1.51B | -899M | -1.15B | -582M |
| Debt Issued (Net) | 1.6B | -410.47M | 4.62B | -857.2M | -269M | -480M | -125M | -327M | -175M |
| Equity Issued (Net) | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Dividends Paid | -55.89M | -68.63M | -82.82M | -101M | -118M | -142M | -191M | -219M | -169M |
| Share Repurchases | -99.01M | -50.52M | -45.12M | -281.9M | -537M | -881M | -605M | -601M | -120M |
| Other Financing | -392.29M | -2.27M | -104.24M | -53.7M | -21M | -12M | 22M | -4M | -118M |
| Net Change in Cash | -899.83M▲ 0% | 29.46M▲ 103.3% | 103.56M▲ 251.5% | -79.4M▼ 176.7% | 38M▲ 147.9% | 13M▼ 65.8% | -73M▼ 661.5% | -3M▲ 95.9% | 136M▲ 4633.3% |
| Free Cash Flow | 36.63M▲ 0% | 630.62M▲ 1621.6% | 219.96M▼ 65.1% | 1.04B▲ 371.5% | 1.06B▲ 2.6% | 1.25B▲ 17.1% | 850M▼ 31.8% | 1.1B▲ 30.0% | 743M▼ 32.8% |
| FCF Margin % | 1.51% | 22.79% | 7.24% | 23.04% | 22.89% | 23.91% | 17.23% | 20.44% | 15.01% |
| FCF Growth % | -85.49% | 1621.6% | -65.12% | 371.55% | 2.58% | 17.11% | -31.78% | 30% | -32.76% |
| FCF per Share | 0.80 | 13.30 | 4.59 | 22.20 | 24.19 | 31.01 | 23.72 | 33.69 | 24.20 |
| FCF Conversion (FCF/Net Income) | 0.23x | 1.89x | 1.81x | 1.55x | 1.46x | 1.44x | 2.89x | 1.73x | 8.17x |
| Interest Paid | 239.56M | 218.75M | 250.66M | 324.3M | 273M | 330M | 437M | 431M | 328M |
| Taxes Paid | 272.69M | 90.72M | 315.05M | 351.7M | 320M | 370M | 169M | 254M | 175M |
Nexstar Media Group, Inc. (NXST) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 49.38% | 50.92% | 22.58% | 11.74% | 35.36% | 30.92% | 34.52% | 13.62% | 31.52% | - |
| Return on Invested Capital (ROIC) | 10.62% | 9.3% | 9.86% | 6.13% | 10.11% | 8.72% | 9.99% | 5.63% | 10.43% | 19.1% |
| Gross Margin | 62.23% | 57.4% | 59.59% | 55.63% | 61.78% | 59.94% | 61.52% | 56.92% | 58.92% | - |
| Net Margin | 8.3% | 19.53% | 14.08% | 7.58% | 18.03% | 17.94% | 18.63% | 7.01% | 13.35% | 2.2% |
| Debt / Equity | 8.24x | 2.76x | 2.13x | 4.14x | 3.04x | 2.61x | 2.53x | 3.08x | 3.00x | - |
| Interest Coverage | 2.48x | 2.15x | 3.43x | 2.15x | 4.10x | 4.15x | 3.89x | 1.58x | 2.86x | - |
| FCF Conversion | 3.11x | 0.23x | 1.89x | 1.81x | 1.55x | 1.46x | 1.44x | 2.89x | 1.73x | 8.17x |
| Revenue Growth | 23.07% | 120.45% | 13.76% | 9.85% | 48.1% | 3.26% | 12.11% | -5.33% | 9.61% | -8.47% |
Nexstar Media Group, Inc. (NXST) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 2, 2026·SEC
Mar 30, 2026·SEC
Mar 20, 2026·SEC
Nexstar Media Group, Inc. (NXST) stock FAQ — growth, dividends, profitability & financials explained
Nexstar Media Group, Inc. (NXST) reported $4.95B in revenue for fiscal year 2025. This represents a 3044% increase from $157.5M in 1999.
Nexstar Media Group, Inc. (NXST) saw revenue decline by 8.5% over the past year.
Yes, Nexstar Media Group, Inc. (NXST) is profitable, generating $109.0M in net income for fiscal year 2025 (2.2% net margin).
Yes, Nexstar Media Group, Inc. (NXST) pays a dividend with a yield of 2.79%. This makes it attractive for income-focused investors.
Nexstar Media Group, Inc. (NXST) generated $743.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Nexstar Media Group, Inc. (NXST) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates