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Stock research / United States / NXST · Television Broadcasting Stations · Nasdaq

Nexstar Media Group, Inc. (NXST)

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Nexstar Media Group, Inc. (NXST) reported revenue of $2.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 62.2% on the same quarter a year earlier. Net income was $120 million, up 23.7% on the year, and diluted earnings per share $3.61. The figures are the company's own, from the 10-Q it filed with the SEC on 7 August 2026.

Revenue$2.0 billionup 62.2%
Net income$120 millionup 23.7%
Diluted EPS$3.61
QuarterQ2 FY2026ended 30 June 2026

Nexstar Media Group (NXST) in brief

Nexstar Media Group (NXST) reported revenue of $4.9 billion for fiscal 2025, the year ended 31 December 2025, down 8.5% on the year before.
Read moreNet income was $109 million and diluted earnings per share $3.00. Revenue was $5.4 billion in fiscal 2024, $4.9 billion in fiscal 2023, $5.2 billion in fiscal 2022 and $4.6 billion in fiscal 2021. Net income in the same years was $722 million, $346 million, $971 million and $835 million. Over the twelve months to 30 June 2026, Nexstar Media Group reported revenue of $5.9 billion and net income of $188 million. Revenue grew 1.9% a year, compounded, over the five years to fiscal 2025. Nexstar Media Group declared $7.44 a share in dividends over the last four quarters and had 31 million shares outstanding at the latest filed count. At 30 June 2026 it carried $11.7 billion of debt and $218 million of cash. At the close of 8 October 2026 the market cap of Nexstar Media Group was $5.0 billion, 31.1 times its earnings over the last twelve months.

Ratios

From the filings

ROE8.3%
ROCE7.4%
Operating margin17.8%
Net margin3.2%
FCF margin12.6%
Interest covern/a
Debt to equity5.18
Cash conversion4.76
Share count, 1 year1.6%
Sales CAGR, 3 years-1.7%
Profit CAGR, 3 years-51.8%
EPS, TTM$5.21

At the close of 8 October 2026

Price$162.11
Market cap$5.0 billion
Stock P/E31.12
Price to book2.20
EV / EBITDAn/a
Dividend yield4.6%
Market cap / sales0.85
52-week high$253.64
52-week low$154.70
Price, 1 year-20.2%
Price CAGR, 3 years5.4%
Price CAGR, 5 years1.1%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Debt to equity here stands on long-term debt as Nexstar Media Group, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
NXSTgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on NXST

Filings24 in twelve months: 16 current reports (8-K), about 5 other events; 4 results of operations; 4 regulation fd disclosure; 3 material agreement; 3 new financial obligation
Planned insider sales64 Form 144 notices in twelve months, $11.5 million; latest 23 September 2026
Options tapeput/call 0.37 by open interest at the 8 October 2026 close; the straddle prices a 4.8% move to 16 October 2026
13F holders9 of the followed funds hold it; largest FMR LLC; 1 Schedule 13D or 13G filing in twelve months
Insider trading61 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest2.5 million shares short, 7.23 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024 †Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,1321,3041,2841,2691,3661,4881,2341,2291,1981,2881,3961,993
SG&A281287272270277270257262270274327457
Operating income94.0231275240335418220213175241265362
Operating margin8%18%21%19%25%28%18%17%15%19%19%18%
Interest expensen/an/an/an/a113n/an/an/a94.0n/an/an/a
Pre-tax income14.014722814924433813813096.0-214153177
Tax rate43%33%27%29%26%32%30%30%32%n/a-5%36%
Net income25.011417511818724210897.070.0-166164120
Net margin2%9%14%9%14%16%9%8%6%-13%12%6%
Diluted EPS$0.70$3.32$5.16$3.54$5.27$7.56$3.37$3.06$2.14-$5.63$5.09$3.61
Operating cash flow138182276176387411337247117190289298
Capital expenditure36.036.044.037.029.035.035.029.030.054.022.045.0
Free cash flow10214623213935837630221887.0136267253
Buybacks19496.011113517717875.050.00.00.0n/an/a
Dividends paid47.046.057.055.055.052.057.056.056.057.056.057.0
Shares outstanding34m33m33m32m31m31m30m30m30m30m31m31m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015FY2016FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue6318961,1032,4322,7673,0394,5014,6485,2114,9335,4074,9495,875
Selling, general and administrative1752322646055807309121,0241,0981,0961,0881,0631,328
Operating income1732062875067586551,3751,1751,3127081,2688491,043
Operating margin27.4%23.0%26.0%20.8%27.4%21.6%30.6%25.3%25.2%14.4%23.5%17.2%17.8%
Interest expense62.080.6117n/an/an/an/an/an/an/an/an/an/a
Pre-tax income1111251712415333731,1051,0931,217401959150212
Income tax46.148.777.6-23414513729726327413127667.044.0
Effective tax rate41.7%38.9%45.5%-96.9%27.1%36.7%26.8%24.0%22.5%32.7%28.8%44.7%20.8%
Net income64.577.791.5475389230811835971346722109188
Net margin10.2%8.7%8.3%19.5%14.1%7.6%18.0%18.0%18.6%7.0%13.4%2.2%3.2%
Diluted EPS$2.02$2.42$2.89$10.07$8.21$4.80$17.37$18.98$24.16$9.64$21.41$3.00$5.21
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Reportable Broadcast Segment4,6115,1344,65792.9%
Other Segments3393173466.9%
Corporate (Unallocated)10.010.010.00.2%
Reportable Broadcast SegmentOther SegmentsCorporate (Unallocated)
4,960FY20235,461FY20245,013FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Distribution2,7272,9282,92459.1%
Advertising2,1212,4151,95939.6%
Other85.064.066.01.3%
DistributionAdvertisingOther
4,933FY20235,407FY20244,949FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015FY2016FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow167n/a2841097374171,2541,2151,4039991,250891894
Capital expenditure20.429.031.972.5106198217151157149145148151
Free cash flow146n/a25236.66312201,0371,0641,2468501,105743743
Free cash flow margin23.1%n/a22.9%1.5%22.8%7.2%23.0%22.9%23.9%17.2%20.4%15.0%12.6%
Cash from investingn/an/a-135-2,066-176-4,702-39.8-232125-173-102-173-3,427
Cash from financingn/an/a8231,057-5324,388-1,294-946-1,515-899-1,151-5822,517
Depreciation and amortisation60.995.797.9260259324565589662488484471n/a
Share-based compensation7.611.411.424.131.338.648.347.062.060.078.078.099.0
Buybacksn/a48.7n/a99.050.545.1282537881605601125n/a
Dividends paid18.423.729.455.968.682.8101118142191219226226
Dividend per share$0.60$0.76$0.96$1.20$1.50$1.80$2.24$2.80$3.60$5.40$6.76$7.44n/a
Diluted shares, weighted32m32m32m47m47m48m47m44m40m36m33m31m31m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/a31m30m31m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015FY2016FY2017 †FY2018FY2019FY2020 †FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity52.580.71691,5711,8532,0312,5182,8502,7412,2992,2572,0642,265
Non-controlling interest4.05.711510.716.222.018.57.128.014.0-15.0-21.0-24.0
Redeemable equityn/an/an/an/an/an/an/an/an/a0.0n/an/an/a
Debt1,2201,4762,3424,3623,9818,4937,6687,4156,9526,8376,5236,33311,744
Operating lease liabilitiesn/an/an/an/an/a186234238238246253242287
Finance lease liabilitiesn/an/an/an/an/a15.214.2n/an/an/an/an/an/a
Other liabilities1372733391,5381,2123,2432,9512,7542,7202,6822,4502,2283,443
Total liabilities and equity1,4141,8352,9667,4827,06213,99013,40413,26412,67912,07811,46810,84617,715
Owned
Fixed assets2382672767347321,2901,6051,5121,2621,2691,2071,1581,849
Goodwill2564524732,1432,1682,9972,9613,0522,9612,9462,9222,9105,033
Intangible assets1943143251,5821,4923,2602,9392,7172,4342,1241,8471,5872,887
Investmentsn/an/an/an/a14.01,4771,3341,2191,119958877396387
Cash and equivalents13243.487.7116145232153191204135144280218
Receivables1281932185635478849051,0211,0791,0951,0281,0751,584
Other assets4665661,5862,3441,9643,8493,5083,5523,6193,5513,4433,4405,757
Total assets1,4141,8352,9667,4827,06213,99013,40413,26412,67912,07811,46810,84617,715
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded18.6%1.9%-1.7%10.5%
Profit growth, compounded3.4%-33.1%-51.8%-70.3%
Return on equity, average26.6%23.4%17.4%5.3%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Communication

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Warner Bros. Discovery, Inc. WBD$77.6 billionn/a-9.6%-3.5%-6.1%0.98n/a
Comcast Corp. CMCSA$75.7 billion6.8612.5%14.7%0.6%0.946.2%
Vodafone Group Public Limited Company VOD *$38.0 billionn/a-0.8%7.0%8.0%1.043.3%
Chunghwa Telecom Co. Ltd. CHT *$35.8 billion29.7010.1%20.6%2.7%0.073.5%
EchoStar Corp. ECHO$32.8 billionn/a-40.1%-112.7%-5.2%1.13n/a
Fox Corp. FOXA$27.5 billion16.3314.5%n/a5.1%0.57n/a
Fox Corp. FOX$25.0 billion14.8414.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$22.7 billion65.7312.6%5.2%18.5%0.00n/a
Charter Communications, Inc. CHTR$13.3 billion2.8529.0%23.3%-1.5%5.54n/a
Tencent Music Entertainment Group TME *$12.5 billionn/a13.8%40.6%15.8%0.042.2%
Skydance Corp. PSKY$10.5 billionn/a-5.3%3.7%1.2%1.232.0%
Nexstar Media Group, Inc. NXST$5.0 billion31.128.3%17.8%10.5%5.184.6%
All 16 in Communication
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Verizon Communications Inc. VZ$192.6 billion12.0715.4%20.5%1.4%1.365.9%
T-Mobile US, Inc. TMUS$184.1 billion17.9418.8%19.8%9.7%1.502.2%
AT&T Inc. T$170.4 billion8.2417.1%20.1%2.6%1.064.5%
Spotify Technology S.A. SPOT *$108.4 billion44.4926.6%12.8%9.7%0.18n/a
Warner Bros. Discovery, Inc. WBD$77.6 billionn/a-9.6%-3.5%-6.1%0.98n/a
Comcast Corp. CMCSA$75.7 billion6.8612.5%14.7%0.6%0.946.2%
Vodafone Group Public Limited Company VOD *$38.0 billionn/a-0.8%7.0%8.0%1.043.3%
Chunghwa Telecom Co. Ltd. CHT *$35.8 billion29.7010.1%20.6%2.7%0.073.5%
EchoStar Corp. ECHO$32.8 billionn/a-40.1%-112.7%-5.2%1.13n/a
Fox Corp. FOXA$27.5 billion16.3314.5%n/a5.1%0.57n/a
Fox Corp. FOX$25.0 billion14.8414.5%n/a5.1%0.57n/a
Roku, Inc. ROKU$22.7 billion65.7312.6%5.2%18.5%0.00n/a
Charter Communications, Inc. CHTR$13.3 billion2.8529.0%23.3%-1.5%5.54n/a
Tencent Music Entertainment Group TME *$12.5 billionn/a13.8%40.6%15.8%0.042.2%
Skydance Corp. PSKY$10.5 billionn/a-5.3%3.7%1.2%1.232.0%
Nexstar Media Group, Inc. NXST$5.0 billion31.128.3%17.8%10.5%5.184.6%
3 companies share its SEC industry code (Television Broadcasting Stations); the rest are the names nearest in size in its wider industry, Communication, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20267 August 2026EDGAR
10-Q31 March 20268 May 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20258 August 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20248 August 2024EDGAR
10-Q31 March 20249 May 2024EDGAR

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