Nexstar Media Group, Inc. (NXST) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
Revenue Growth Metrics
Revenue Breakdown (FY 2025)
NXST's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
NXST Revenue Analysis (2014–2025)
As of March 2, 2026, Nexstar Media Group, Inc. (NXST) generated trailing twelve-month (TTM) revenue of $4.95 billion, reflecting significant decline in growth of -13.3% year-over-year. The most recent quarter (Q4 2025) recorded $1.29 billion in revenue, up 7.6% sequentially.
Looking at the longer-term picture, NXST's 5-year compound annual growth rate (CAGR) stands at +1.9%, indicating moderate growth over time. The company achieved its highest annual revenue of $5.41 billion in 2024.
Revenue diversification analysis shows NXST's business is primarily driven by Distribution Service (59%), Advertising (40%), and Other (1%). With over half of revenue concentrated in Distribution Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Communication Services sector peers including FOXA (+9.2% YoY), FOX (+9.2% YoY), and SBGI (-1.0% YoY), NXST has underperformed the peer group in terms of revenue growth. Compare NXST vs FOXA →
Peer Comparison
Compare NXST's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| NXSTCurrent | $5.0B | -13.3% | +1.9% | 17.2% | |
| FOXA | $16.3B | +9.2% | +5.8% | 19.8% | |
| FOX | $16.3B | +9.2% | +5.8% | 19.8% | |
| SBGI | $3.5B | -1.0% | -3.5% | 15.5% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.95B | -8.5% | $0 | - | $849.0M | 17.2% |
| 2024 | $5.41B | +9.6% | $3.19B | 58.9% | $1.27B | 23.5% |
| 2023 | $4.93B | -5.3% | $2.81B | 56.9% | $708.0M | 14.4% |
| 2022 | $5.21B | +12.1% | $3.21B | 61.5% | $1.31B | 25.2% |
| 2021 | $4.65B | +3.3% | $2.79B | 59.9% | $1.18B | 25.3% |
| 2020 | $4.50B | +48.1% | $2.78B | 61.8% | $1.38B | 30.6% |
| 2019 | $3.04B | +9.9% | $1.69B | 55.6% | $655.1M | 21.6% |
| 2018 | $2.77B | +13.8% | $1.65B | 59.6% | $757.8M | 27.4% |
| 2017 | $2.43B | +120.4% | $1.40B | 57.4% | $518.7M | 21.3% |
| 2016 | $1.10B | +23.1% | $686.5M | 62.2% | $287.3M | 26.0% |
See NXST's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs NXST Undervalued?
See our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationCompare NXST vs NFLX
See how NXST stacks up against sector leader Netflix, Inc..
Start ComparisonFrequently Asked Questions
Is NXST's revenue growth accelerating or slowing?
NXST revenue declined -13.3% year-over-year, contrasting with the 5-year CAGR of +1.9%. TTM revenue fell to $5.0B. This reverses the prior growth trend.
What is NXST's long-term revenue growth rate?
Nexstar Media Group, Inc.'s 5-year revenue CAGR of +1.9% reflects the variable expansion pattern. Current YoY growth of -13.3% is below this long-term average.
How is NXST's revenue distributed by segment?
NXST reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.