27 years of historical data (1999–2025) · Communication Services · Entertainment
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Nexstar Media Group, Inc. trades at 83.7x earnings, 293% above its 5-year average of 21.3x, sitting at the 100th percentile of its historical range. Compared to the Communication Services sector median P/E of 15.1x, the stock trades at a premium of 453%. On a free-cash-flow basis, the stock trades at 10.2x P/FCF, 62% 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 | $7.6B | $6.2B | $5.2B | $5.6B | $7.0B | $6.6B | $5.1B | $5.6B | $3.7B | $3.6B | $2.0B |
| Enterprise Value | $7.6B | $6.2B | $11.8B | $12.6B | $13.8B | $13.9B | $12.7B | $13.9B | $7.6B | $7.8B | $4.3B |
| P/E Ratio → | 83.67 | 67.68 | 7.38 | 16.23 | 7.24 | 7.95 | 6.29 | 24.43 | 9.58 | 7.77 | 21.90 |
| P/S Ratio | 1.54 | 1.26 | 0.96 | 1.14 | 1.35 | 1.43 | 1.13 | 1.85 | 1.35 | 1.47 | 1.82 |
| P/B Ratio | — | — | 2.28 | 2.43 | 2.54 | 2.32 | 2.01 | 2.74 | 1.99 | 2.26 | 7.05 |
| P/FCF | 10.25 | 8.39 | 4.69 | 6.61 | 5.65 | 6.24 | 4.92 | 25.55 | 5.91 | 97.68 | 7.94 |
| P/OCF | 8.54 | 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
Enterprise-value multiples — capital-structure-neutral measures of total business value
Nexstar Media Group, Inc.'s enterprise value stands at 5.8x EBITDA, 13% below its 5-year average of 6.6x. The Communication Services sector median is 7.5x, placing the stock at a 23% 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 | — | 1.26 | 2.19 | 2.55 | 2.65 | 2.99 | 2.81 | 4.57 | 2.73 | 3.22 | 3.86 |
| EV / EBITDA | 5.77 | 4.72 | 5.71 | 7.64 | 7.01 | 7.88 | 6.52 | 13.05 | 7.01 | 9.30 | 10.45 |
| EV / EBIT | 8.97 | — | 8.45 | 14.86 | 8.90 | 10.11 | 8.79 | 20.48 | 10.03 | 16.21 | 13.70 |
| EV / FCF | — | 8.39 | 10.72 | 14.82 | 11.10 | 13.07 | 12.20 | 63.10 | 12.00 | 213.62 | 16.88 |
Margins and return-on-capital ratios measuring operating efficiency
Nexstar Media Group, Inc. earns an operating margin of 17.2%. Operating margins have expanded from 14.4% to 17.2% over the past 3 years, signaling improving operational efficiency. ROIC of 19.1% represents solid returns on invested capital.
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 | — | — | 58.9% | 56.9% | 61.5% | 59.9% | 61.8% | 55.6% | 59.6% | 57.4% | 62.2% |
| Operating Margin | 17.2% | 17.2% | 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% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | 31.5% | 13.6% | 34.5% | 30.9% | 35.4% | 11.7% | 22.6% | 50.9% | 49.4% |
| ROA | 1.8% | 1.8% | 6.1% | 2.8% | 7.5% | 6.3% | 5.9% | 2.2% | 5.4% | 9.1% | 3.8% |
| ROIC | 19.1% | 19.1% | 10.4% | 5.6% | 10.0% | 8.7% | 10.1% | 6.1% | 9.9% | 9.3% | 10.6% |
| ROCE | 15.3% | 15.3% | 11.6% | 6.2% | 10.8% | 9.3% | 10.7% | 6.7% | 11.3% | 10.8% | 12.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 3.00 | 3.08 | 2.53 | 2.61 | 3.04 | 4.14 | 2.13 | 2.76 | 8.24 |
| Debt / EBITDA | — | — | 3.28 | 4.32 | 3.55 | 4.23 | 3.97 | 7.98 | 3.69 | 5.18 | 5.75 |
| Net Debt / Equity | — | — | 2.94 | 3.02 | 2.45 | 2.54 | 2.98 | 4.02 | 2.05 | 2.69 | 7.93 |
| Net Debt / EBITDA | — | 0.00 | 3.21 | 4.23 | 3.44 | 4.12 | 3.89 | 7.76 | 3.56 | 5.04 | 5.53 |
| Debt / FCF | — | 0.00 | 6.04 | 8.22 | 5.46 | 6.83 | 7.28 | 37.56 | 6.08 | 115.94 | 8.93 |
| Interest Coverage | — | — | 2.86 | 1.58 | 3.89 | 4.15 | 4.10 | 2.15 | 3.43 | 2.15 | 2.48 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio has improved from 1.53x to 1.66x 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 | — | — | 1.66 | 1.53 | 1.81 | 1.79 | 1.66 | 1.43 | 1.90 | 1.57 | 1.92 |
| Quick Ratio | — | — | 1.66 | 1.53 | 1.81 | 1.79 | 1.66 | 1.43 | 1.84 | 1.47 | 1.70 |
| Cash Ratio | — | — | 0.18 | 0.15 | 0.23 | 0.24 | 0.21 | 0.24 | 0.36 | 0.17 | 0.46 |
| Asset Turnover | — | 10.20 | 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 | — | — | 69.40 | 81.02 | 75.65 | 80.18 | 73.37 | 106.15 | 72.20 | 84.49 | 72.15 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Nexstar Media Group, Inc. returns 3.8% to shareholders annually — split between a 2.2% dividend yield and 1.6% 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 1.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
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 | 2.2% | 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% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.2% | 1.5% | 13.6% | 6.2% | 13.8% | 12.6% | 15.9% | 4.1% | 10.4% | 12.9% | 4.6% |
| FCF Yield | 9.8% | 11.9% | 21.3% | 15.1% | 17.7% | 16.0% | 20.3% | 3.9% | 16.9% | 1.0% | 12.6% |
| Buyback Yield | 1.6% | 1.9% | 11.6% | 10.8% | 12.5% | 8.1% | 5.5% | 0.8% | 1.4% | 2.8% | 0.0% |
| Total Shareholder Yield | 3.8% | 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 |
Compare NXST with 3 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| NXSTYou | $8B | 83.7 | 5.8 | 10.2 | — | 17.2% | — | 19.1% | — |
| FOXA | $13B | 11.5 | 4.1 | 4.2 | 33.1% | 19.8% | 19.3% | 16.5% | 2.1 |
| FOX | $12B | 10.5 | 3.9 | 4.1 | 33.1% | 19.8% | 19.3% | 16.5% | 2.1 |
| SBGI | $388M | 3.5 | 5.0 | 27.7 | 51.7% | 15.5% | 84.1% | 10.3% | 5.3 |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 26 years · Updated daily
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Start ComparisonNexstar Media Group, Inc.'s current P/E ratio is 83.7x. The historical average is 17.5x. This places it at the 100th percentile of its historical range.
Nexstar Media Group, Inc.'s current EV/EBITDA is 5.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.9x.
Based on historical data, Nexstar Media Group, Inc. is trading at a P/E of 83.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nexstar Media Group, Inc.'s current dividend yield is 2.19% with a payout ratio of 155.0%.
Nexstar Media Group, Inc. has 17.2% operating margin. Operating margin between 10-20% is typical for established companies.