Nexstar Media Group (NXST) FY2024 results: revenue $5.4 billion, up 9.6% on the year
Nexstar Media Group, Inc. (NXST) reported revenue of $5.4 billion for fiscal 2024, the year ended 31 December 2024, up 9.6% on the year before. Net income was $722 million, up 108.7%, and diluted earnings per share $21.41. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$5.4 billion
+9.6% on the year
FY2017FY2024
Operating margin
23.5%
14.4% a year earlier
FY2017FY2024
Net income
$722 million
+108.7% on the year
FY2017FY2024
Diluted EPS
$21.41
+122.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,250
999
1,403
+25.1%
Capital expenditure
145
149
157
-2.7%
Free cash flow
1,105
850
1,246
+30.0%
Free cash flow margin
20.4%
17.2%
23.9%
Cash from investing
-102
-173
125
Cash from financing
-1,151
-899
-1,515
Depreciation and amortisation
484
488
662
-0.8%
Share-based compensation
78.0
60.0
62.0
+30.0%
Buybacks
601
605
881
-0.7%
Dividends paid
219
191
142
+14.7%
Dividend per share
$6.76
$5.40
$3.60
+25.2%
Diluted shares, weighted
33m
36m
40m
-8.5%
Shares outstanding at period end
31m
n/a
n/a
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,257
2,299
2,741
-1.8%
Non-controlling interest
-15.0
14.0
28.0
Redeemable equity
n/a
0.0
n/a
Debt
6,523
6,837
6,952
-4.6%
Operating lease liabilities
253
246
238
+2.8%
Other liabilities
2,450
2,682
2,720
-8.7%
Total liabilities and equity
11,468
12,078
12,679
-5.1%
Fixed assets
1,207
1,269
1,262
-4.9%
Goodwill
2,922
2,946
2,961
-0.8%
Intangible assets
1,847
2,124
2,434
-13.0%
Investments
877
958
1,119
-8.5%
Cash and equivalents
144
135
204
+6.7%
Receivables
1,028
1,095
1,079
-6.1%
Other assets
3,443
3,551
3,619
-3.0%
Total assets
11,468
12,078
12,679
-5.1%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.