Nexstar Media Group, Inc. (NXST) Financial Ratios
27 years of historical data (1999–2025) · Communication Services · Entertainment
EV/EBITDA
↓
7.03
-2% vs avg
5yr avg: 7.20
30Y Low5.7·High33.5
P/FCF
↑
6.75
+7% vs avg
5yr avg: 6.31
30Y Low0.5·High198.7
P/B Ratio
↑
2.44
-3% vs avg
5yr avg: 2.52
30Y Low2.0·High110.2
ROE
↓
5.0%
↑-78% vs avg
5yr avg: 23.1%
30Y Low-316%·High298%
Debt/EBITDA
↓
4.16
+6% vs avg
5yr avg: 3.91
30Y Low3.3·High33.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NXST Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Nexstar Media Group, Inc. trades at 54.7x earnings, 157% above its 5-year average of 21.3x, sitting at the 92nd percentile of its historical range. Compared to the Communication Services sector median P/E of 15.3x, the stock trades at a premium of 258%. On a free-cash-flow basis, the stock trades at 6.7x P/FCF, 7% above the 5-year average of 6.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.0B | $6.2B | $5.2B | $5.6B | $7.0B | $6.6B | $5.1B | $5.6B | $3.7B | $3.6B | $2.0B |
| Enterprise Value | $11.6B | $12.8B | $11.8B | $12.6B | $13.8B | $13.9B | $12.7B | $13.9B | $7.6B | $7.8B | $4.3B |
| P/E Ratio → | 54.72 | 67.68 | 7.38 | 16.23 | 7.24 | 7.95 | 6.29 | 24.43 | 9.58 | 7.77 | 21.90 |
| P/S Ratio | 1.01 | 1.26 | 0.96 | 1.14 | 1.35 | 1.43 | 1.13 | 1.85 | 1.35 | 1.47 | 1.82 |
| P/B Ratio | 2.44 | 3.02 | 2.28 | 2.43 | 2.54 | 2.32 | 2.01 | 2.74 | 1.99 | 2.26 | 7.05 |
| P/FCF | 6.75 | 8.39 | 4.69 | 6.61 | 5.65 | 6.24 | 4.92 | 25.55 | 5.91 | 97.68 | 7.94 |
| P/OCF | 5.63 | 7.00 | 4.14 | 5.62 | 5.01 | 5.47 | 4.07 | 13.46 | 5.06 | 32.80 | 7.05 |
P/E links to full P/E history page with 30-year chart
NXST EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Nexstar Media Group, Inc.'s enterprise value stands at 7.0x EBITDA, roughly in line with its 5-year average of 7.2x. The Communication Services sector median is 9.6x, placing the stock at a 27% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.59 | 2.19 | 2.55 | 2.65 | 2.99 | 2.81 | 4.57 | 2.73 | 3.22 | 3.86 |
| EV / EBITDA | 7.03 | 7.77 | 5.71 | 7.64 | 7.01 | 7.88 | 6.52 | 13.05 | 7.01 | 9.30 | 10.45 |
| EV / EBIT | 13.43 | 24.22 | 8.45 | 14.86 | 8.90 | 10.11 | 8.79 | 20.48 | 10.03 | 16.21 | 13.70 |
| EV / FCF | — | 17.25 | 10.72 | 14.82 | 11.10 | 13.07 | 12.20 | 63.10 | 12.00 | 213.62 | 16.88 |
NXST Profitability
Margins and return-on-capital ratios measuring operating efficiency
Nexstar Media Group, Inc. earns an operating margin of 17.4%, significantly above the Communication Services sector average of 1.6%. Operating margins have expanded from 14.4% to 17.4% over the past 3 years, signaling improving operational efficiency. ROE of 5.0% is modest. ROIC of 7.4% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 39.0% | 39.0% | 58.9% | 56.9% | 61.5% | 59.9% | 61.8% | 55.6% | 59.6% | 57.4% | 62.2% |
| Operating Margin | 17.4% | 17.4% | 23.5% | 14.4% | 25.2% | 25.3% | 30.6% | 21.6% | 27.4% | 21.3% | 26.0% |
| Net Profit Margin | 2.2% | 2.2% | 13.4% | 7.0% | 18.6% | 17.9% | 18.0% | 7.6% | 14.1% | 19.5% | 8.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.0% | 5.0% | 31.5% | 13.6% | 34.5% | 30.9% | 35.4% | 11.7% | 22.6% | 50.9% | 49.4% |
| ROA | 1.0% | 1.0% | 6.1% | 2.8% | 7.5% | 6.3% | 5.9% | 2.2% | 5.4% | 9.1% | 3.8% |
| ROIC | 7.4% | 7.4% | 10.4% | 5.6% | 10.0% | 8.7% | 10.1% | 6.1% | 9.9% | 9.3% | 10.6% |
| ROCE | 8.2% | 8.2% | 11.6% | 6.2% | 10.8% | 9.3% | 10.7% | 6.7% | 11.3% | 10.8% | 12.9% |
NXST Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Nexstar Media Group, Inc. carries a Debt/EBITDA ratio of 4.2x, which is highly leveraged (15% above the sector average of 3.6x). Net debt stands at $6.6B ($6.9B total debt minus $280M cash). Interest coverage of just 1.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.33 | 3.33 | 3.00 | 3.08 | 2.53 | 2.61 | 3.04 | 4.14 | 2.13 | 2.76 | 8.24 |
| Debt / EBITDA | 4.16 | 4.16 | 3.28 | 4.32 | 3.55 | 4.23 | 3.97 | 7.98 | 3.69 | 5.18 | 5.75 |
| Net Debt / Equity | — | 3.19 | 2.94 | 3.02 | 2.45 | 2.54 | 2.98 | 4.02 | 2.05 | 2.69 | 7.93 |
| Net Debt / EBITDA | 3.99 | 3.99 | 3.21 | 4.23 | 3.44 | 4.12 | 3.89 | 7.76 | 3.56 | 5.04 | 5.53 |
| Debt / FCF | — | 8.85 | 6.04 | 8.22 | 5.46 | 6.83 | 7.28 | 37.56 | 6.08 | 115.94 | 8.93 |
| Interest Coverage | 1.40 | 1.40 | 3.16 | 1.90 | 4.61 | 4.86 | 4.29 | 2.23 | 3.41 | 2.00 | 2.68 |
NXST Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Nexstar Media Group, Inc.'s current ratio of 2.07x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.53x to 2.07x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.07 | 2.07 | 1.66 | 1.53 | 1.81 | 1.79 | 1.66 | 1.43 | 1.90 | 1.57 | 1.92 |
| Quick Ratio | 2.07 | 2.07 | 1.66 | 1.53 | 1.81 | 1.79 | 1.66 | 1.43 | 1.84 | 1.47 | 1.70 |
| Cash Ratio | 0.39 | 0.39 | 0.18 | 0.15 | 0.23 | 0.24 | 0.21 | 0.24 | 0.36 | 0.17 | 0.46 |
| Asset Turnover | — | 0.45 | 0.47 | 0.41 | 0.41 | 0.35 | 0.34 | 0.22 | 0.39 | 0.33 | 0.37 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 49.31 | 14.42 | 9.98 |
| Days Sales Outstanding | — | 79.28 | 69.40 | 81.02 | 75.65 | 80.18 | 73.37 | 106.15 | 72.20 | 84.49 | 72.15 |
NXST Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Nexstar Media Group, Inc. returns 5.7% to shareholders annually — split between a 3.4% dividend yield and 2.4% buyback yield. The payout ratio exceeds 100% at 155.0%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 1.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.4% | 2.7% | 4.2% | 3.4% | 2.0% | 1.8% | 2.0% | 1.5% | 1.8% | 1.6% | 1.5% |
| Payout Ratio | 155.0% | 155.0% | 30.3% | 55.2% | 14.6% | 14.1% | 12.4% | 36.0% | 17.6% | 11.8% | 32.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.8% | 1.5% | 13.6% | 6.2% | 13.8% | 12.6% | 15.9% | 4.1% | 10.4% | 12.9% | 4.6% |
| FCF Yield | 14.8% | 11.9% | 21.3% | 15.1% | 17.7% | 16.0% | 20.3% | 3.9% | 16.9% | 1.0% | 12.6% |
| Buyback Yield | 2.4% | 1.9% | 11.6% | 10.8% | 12.5% | 8.1% | 5.5% | 0.8% | 1.4% | 2.8% | 0.0% |
| Total Shareholder Yield | 5.7% | 4.6% | 15.8% | 14.2% | 14.5% | 9.9% | 7.5% | 2.3% | 3.2% | 4.3% | 1.5% |
| Shares Outstanding | — | $31M | $33M | $36M | $40M | $44M | $47M | $48M | $47M | $46M | $32M |
Peer Comparison
Compare NXST with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NXSTYou | $5B | 54.7 | 7.0 | 6.7 | 39.0% | 17.4% | 5.0% | 7.4% | 4.2 |
 GTN | $352M | -4.3 | 9.2 | 1.9 | 96.6% | 12.7% | -3.0% | 3.5% | 9.2 |
 SSP | $325M | -1.5 | 265.5 | 49.8 | 33.7% | 7.5% | -7.9% | 3.1% | 239.5 |
 SBGI | $955M | -8.5 | 9.7 | 8.3 | 36.1% | 4.9% | -25.3% | 2.8% | 9.5 |
 TGNA | $3B | 14.9 | 11.3 | 11.4 | 36.2% | 16.3% | 7.1% | 5.8% | 4.8 |
 FOX | $21B | 9.6 | 6.3 | 6.9 | 33.1% | 19.8% | 19.3% | 16.5% | 2.1 |
 FOXA | $23B | 10.6 | 6.9 | 7.7 | 33.1% | 19.8% | 19.3% | 16.5% | 2.1 |
 WBD | $66B | 90.3 | 13.4 | 21.3 | 28.2% | 3.5% | 2.0% | 1.5% | 4.7 |
 CMCSA | $82B | 4.2 | 5.0 | 3.7 | 60.1% | 16.7% | 21.6% | 8.2% | 3.0 |
 CHTR | $16B | 3.5 | 5.1 | 3.6 | 46.3% | 24.3% | 24.8% | 8.6% | 4.4 |
 T | $154B | 7.2 | 6.9 | 7.9 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
| Communication Services Median | — | 15.3 | 9.6 | 11.4 | 48.5% | 1.6% | 2.0% | 2.6% | 3.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 26 years · Updated daily
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NXST — Frequently Asked Questions
Quick answers to the most common questions about buying NXST stock.
What is Nexstar Media Group, Inc.'s P/E ratio?
Nexstar Media Group, Inc.'s current P/E ratio is 54.7x. The historical average is 17.5x. This places it at the 92th percentile of its historical range.
What is Nexstar Media Group, Inc.'s EV/EBITDA?
Nexstar Media Group, Inc.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.0x.
What is Nexstar Media Group, Inc.'s ROE?
Nexstar Media Group, Inc.'s return on equity (ROE) is 5.0%. The historical average is 16.0%.
Is NXST stock overvalued?
Based on historical data, Nexstar Media Group, Inc. is trading at a P/E of 54.7x. This is at the 92th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Nexstar Media Group, Inc.'s dividend yield?
Nexstar Media Group, Inc.'s current dividend yield is 3.35% with a payout ratio of 155.0%.
What are Nexstar Media Group, Inc.'s profit margins?
Nexstar Media Group, Inc. has 39.0% gross margin and 17.4% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Nexstar Media Group, Inc. have?
Nexstar Media Group, Inc.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.