Nexstar's acquisition of TEGNA has transformed its scale, with revenue surging 150.6% YoY in 2026Q2 to $3.1B, but this growth is debt-funded, pushing debt-to-equity to 5.39 and total debt to $12.1B.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue surged 150.6% YoY in 2026Q2 to $3.1B, but gross margin volatility (64.7% to 37.2%) and a drop in operating margin from 28.0% in 2024Q4 to 11.8% in 2026Q2 indicate cyclical and integration pressures.
The company's robust free cash flow generation supports capital returns and growth initiatives.
Potential mergers and acquisitions driven by regulatory changes could provide significant upside.
Above-consensus political advertising revenue is expected to drive near-term earnings beats.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $7.92-2.0% vs $8.08 | $2.1B+3.1% vs $2.1B |
Q3 2026 Aug 6, 2026 | $3.61-39.6% vs $5.98 | $2.0B+1.1% vs $2.0B |
Q2 2026 May 7, 2026 | $6.15+38.8% vs $4.43 | $1.4B+9.1% vs $1.3B |
Q1 2026 Feb 26, 2026 | $4.30+7.2% vs $4.01 | $1.3B+3.1% vs $1.3B |
Five dividend payers share a cash-in window that closes within days, and one of them pays out more than it earns. Find out which names look bulletproof, which carry heavy debt, and who needs to act before Monday.
Nexstar Media Group NASDAQ: NXST reported record third-quarter revenue of $2.13 billion, as its acquisition of TEGNA and political advertising demand boosted results. The broadcaster also said it had reduced debt by $1.3 billion this year, including payments made after the quarter ended.
Nexstar Media Group, Inc. (NXST) Q3 2026 Earnings Call Transcript
Nexstar's third-quarter revenue nearly doubled thanks to the boom in political advertising. Total revenue reached $2.1 billion, up from $1.2 billion in the year-earlier period. For all of 2026, political ad revenue hit $1.1 billion, a new company record and 31% ahead of the previous midterm cycle in 2022.
Benchmark NXST against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Nexstar Media Group, Inc. (NXST)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $190.02 | $5.8B | 15.80 | -8.47% | 4.72% | 16.68% | 2.9% | |
| $4.92 | $480.5M | 7.78 | -15.07% | 1.84% | 2.37% | 6.91% | |
| $3.05 | $242.8M | -0.25 | -14.31% | -55.74% | -172.2% | — | |
| $13.68 | $956.06M | 10.33 | -10.68% | 2.84% | 27.45% | 7.3% | |
| $59.50 | $26.09B | 12.55 | 5.07% | 11.3% | 17.39% | 1.12% | |
| $66.64 | $29.22B | 14.06 | 5.07% | 11.3% | 17.39% | 1% |
Nexstar Media Group, Inc. (NXST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Nexstar Media Group, Inc. (NXST) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Aug 3, 2026·SEC
Jun 16, 2026·SEC
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Nexstar Media Group, Inc. (NXST) stock FAQ — growth, dividends, profitability & financials explained
Nexstar Media Group, Inc. (NXST) reported $7.90B in revenue over the trailing twelve months. Revenue was $4.95B in fiscal year 2025. That is 3043% more than the $157.5M of fiscal year 1999.
Nexstar Media Group, Inc. (NXST) grew revenue by 53.4% over the trailing twelve months, compared with the twelve months before.
Yes. Nexstar Media Group, Inc. (NXST) earned $373.0M in net income over the trailing twelve months (a 4.7% net margin).
Yes. Nexstar Media Group, Inc. (NXST) pays a dividend that yields 2.90% at the current price, a moderate yield.
Nexstar Media Group, Inc. (NXST) had a return on equity (ROE) of 16.7% over the trailing twelve months. That is above the market's typical 10-15%.
Nexstar Media Group, Inc. (NXST) generated $1.29B in free cash flow over the trailing twelve months.
