This page shows Nexstar Media Group Inc (NXST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Nexstar Media Group Inc has an operating margin of 17.2%, meaning the company retains $17 of operating profit per $100 of revenue. This results in a moderate score of 60/100, indicating healthy but not exceptional operating efficiency. This is down from 23.4% the prior year.
Nexstar Media Group Inc's revenue declined 8.5% year-over-year, from $5.4B to $4.9B. This contraction results in a growth score of 19/100.
Nexstar Media Group Inc has a moderate D/E ratio of 3.01. This balance of debt and equity financing earns a leverage score of 41/100.
Nexstar Media Group Inc's current ratio of 2.07 indicates adequate short-term liquidity, earning a score of 38/100. The company can meet its near-term obligations, though with limited headroom.
Nexstar Media Group Inc has a free cash flow margin of 15.0%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.
Nexstar Media Group Inc generates a 5.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is down from 32.0% the prior year.
Nexstar Media Group Inc scores 1.63, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Nexstar Media Group Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Nexstar Media Group Inc generates $8.17 in operating cash flow ($891.0M OCF vs $109.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Nexstar Media Group Inc earns $2.2 in operating income for every $1 of interest expense ($849.0M vs $379.0M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
Nexstar Media Group Inc generated $4.9B in revenue in fiscal year 2025. This represents a decrease of 8.5% from the prior year.
Nexstar Media Group Inc's EBITDA was $1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 24.7% from the prior year.
Nexstar Media Group Inc reported $109.0M in net income in fiscal year 2025. This represents a decrease of 84.9% from the prior year.
Nexstar Media Group Inc earned $3.00 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 86.0% from the prior year.
Cash & Balance Sheet
Nexstar Media Group Inc generated $743.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 32.8% from the prior year.
Nexstar Media Group Inc held $280.0M in cash against $6.2B in long-term debt as of fiscal year 2025.
Nexstar Media Group Inc paid $7.44 per share in dividends in fiscal year 2025. This represents an increase of 10.1% from the prior year.
Nexstar Media Group Inc had 30M shares outstanding in fiscal year 2025. This represents a decrease of 1.0% from the prior year.
Margins & Returns
Nexstar Media Group Inc's operating margin was 17.2% in fiscal year 2025, reflecting core business profitability. This is down 6.3 percentage points from the prior year.
Nexstar Media Group Inc's net profit margin was 2.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 11.2 percentage points from the prior year.
Nexstar Media Group Inc's ROE was 5.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 26.7 percentage points from the prior year.
Capital Allocation
Nexstar Media Group Inc spent $125.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 79.2% from the prior year.
Nexstar Media Group Inc invested $148.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 2.1% from the prior year.
NXST Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3B+7.5% | $1.2B-2.5% | $1.2B-0.4% | $1.2B-17.1% | $1.5B+8.9% | $1.4B+7.6% | $1.3B-1.2% | $1.3B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $274.0M+1.5% | $270.0M+3.1% | $262.0M+1.9% | $257.0M-4.5% | $269.0M-2.9% | $277.0M+2.6% | $270.0M-0.7% | $272.0M |
| Operating Income | $241.0M+37.7% | $175.0M-17.8% | $213.0M-3.2% | $220.0M-47.4% | $418.0M+24.8% | $335.0M+39.6% | $240.0M-12.7% | $275.0M |
| Interest Expense | $479.0M+409.6% | $94.0M+196.9% | -$97.0M0.0% | -$97.0M-117.4% | $558.0M+393.8% | $113.0M+200.0% | -$113.0M+0.9% | -$114.0M |
| Income Tax | -$44.0M-241.9% | $31.0M-20.5% | $39.0M-4.9% | $41.0M-62.0% | $108.0M+68.8% | $64.0M+48.8% | $43.0M-29.5% | $61.0M |
| Net Income | -$166.0M-337.1% | $70.0M-27.8% | $97.0M-10.2% | $108.0M-55.4% | $242.0M+29.4% | $187.0M+58.5% | $118.0M-32.6% | $175.0M |
| EPS (Diluted) | N/A | $2.14-30.1% | $3.06-9.2% | $3.37 | N/A | $5.27+48.9% | $3.54-31.4% | $5.16 |
NXST Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.8B-3.6% | $11.2B-0.7% | $11.3B-0.8% | $11.4B-0.5% | $11.5B-1.9% | $11.7B-1.1% | $11.8B-1.1% | $11.9B |
| Current Assets | $1.5B+5.7% | $1.4B+0.2% | $1.4B-0.9% | $1.4B+8.1% | $1.3B-8.7% | $1.4B-3.5% | $1.5B-1.5% | $1.5B |
| Cash & Equivalents | $280.0M+18.6% | $236.0M+0.9% | $234.0M-7.5% | $253.0M+75.7% | $144.0M-20.4% | $181.0M+24.0% | $146.0M-38.4% | $237.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.1B+6.1% | $1.0B-0.9% | $1.0B-0.8% | $1.0B+0.2% | $1.0B+1.2% | $1.0B-3.1% | $1.0B-0.3% | $1.1B |
| Goodwill | $2.9B-0.5% | $2.9B0.0% | $2.9B0.0% | $2.9B+0.1% | $2.9B-0.8% | $2.9B0.0% | $2.9B0.0% | $2.9B |
| Total Liabilities | $8.8B-2.0% | $9.0B-1.2% | $9.1B-1.0% | $9.2B-0.4% | $9.2B-2.7% | $9.5B-0.9% | $9.5B-0.6% | $9.6B |
| Current Liabilities | $711.0M-4.6% | $745.0M-9.5% | $823.0M+2.2% | $805.0M+2.8% | $783.0M-7.4% | $846.0M+2.2% | $828.0M-0.4% | $831.0M |
| Long-Term Debt | $6.2B-0.4% | $6.2B-0.4% | $6.3B-1.5% | $6.4B-0.4% | $6.4B-2.7% | $6.6B-1.2% | $6.7B-0.4% | $6.7B |
| Total Equity | $2.1B-9.7% | $2.3B+1.3% | $2.3B+0.4% | $2.2B-0.4% | $2.3B+1.7% | $2.2B-2.1% | $2.3B-2.3% | $2.3B |
| Retained Earnings | $3.5B-6.1% | $3.8B+0.3% | $3.8B+1.0% | $3.7B+1.3% | $3.7B+5.3% | $3.5B+3.4% | $3.4B+1.9% | $3.3B |
NXST Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $190.0M+62.4% | $117.0M-52.6% | $247.0M-26.7% | $337.0M-18.0% | $411.0M+6.2% | $387.0M+119.9% | $176.0M-36.2% | $276.0M |
| Capital Expenditures | $54.0M+80.0% | $30.0M+3.4% | $29.0M-17.1% | $35.0M0.0% | $35.0M+20.7% | $29.0M-21.6% | $37.0M-15.9% | $44.0M |
| Free Cash Flow | $136.0M+56.3% | $87.0M-60.1% | $218.0M-27.8% | $302.0M-19.7% | $376.0M+5.0% | $358.0M+157.6% | $139.0M-40.1% | $232.0M |
| Investing Cash Flow | -$55.0M-89.7% | -$29.0M-3.6% | -$28.0M+54.1% | -$61.0M-79.4% | -$34.0M-17.2% | -$29.0M+17.1% | -$35.0M-775.0% | -$4.0M |
| Financing Cash Flow | -$91.0M-5.8% | -$86.0M+63.9% | -$238.0M-42.5% | -$167.0M+59.7% | -$414.0M-28.2% | -$323.0M-39.2% | -$232.0M-27.5% | -$182.0M |
| Dividends Paid | $57.0M+1.8% | $56.0M0.0% | $56.0M-1.8% | $57.0M+9.6% | $52.0M-5.5% | $55.0M0.0% | $55.0M-3.5% | $57.0M |
| Share Buybacks | $0 | $0-100.0% | $50.0M-33.3% | $75.0M-57.9% | $178.0M+0.6% | $177.0M+31.1% | $135.0M+21.6% | $111.0M |
NXST Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 18.7%+4.1pp | 14.6%-2.7pp | 17.3%-0.5pp | 17.8%-10.3pp | 28.1%+3.6pp | 24.5%+5.6pp | 18.9%-2.5pp | 21.4% |
| Net Margin | -12.9%-18.7pp | 5.8%-2.0pp | 7.9%-0.9pp | 8.8%-7.5pp | 16.3%+2.6pp | 13.7%+4.4pp | 9.3%-4.3pp | 13.6% |
| Return on Equity | -8.0%-11.1pp | 3.1%-1.2pp | 4.3%-0.5pp | 4.8%-5.9pp | 10.7%+2.3pp | 8.4%+3.2pp | 5.2%-2.3pp | 7.5% |
| Return on Assets | -1.5%-2.1pp | 0.6%-0.2pp | 0.9%-0.1pp | 0.9%-1.2pp | 2.1%+0.5pp | 1.6%+0.6pp | 1.0%-0.5pp | 1.5% |
| Current Ratio | 2.07+0.2 | 1.87+0.2 | 1.69-0.1 | 1.74+0.1 | 1.66-0.0 | 1.68-0.1 | 1.78-0.0 | 1.80 |
| Debt-to-Equity | 3.01+0.3 | 2.73-0.0 | 2.78-0.1 | 2.840.0 | 2.84-0.1 | 2.96+0.0 | 2.94+0.1 | 2.88 |
| FCF Margin | 10.6%+3.3pp | 7.3%-10.5pp | 17.7%-6.7pp | 24.5%-0.8pp | 25.3%-0.9pp | 26.2%+15.3pp | 10.9%-7.1pp | 18.1% |
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Frequently Asked Questions
What is Nexstar Media Group Inc's annual revenue?
Nexstar Media Group Inc (NXST) reported $4.9B in total revenue for fiscal year 2025. This represents a -8.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Nexstar Media Group Inc's revenue growing?
Nexstar Media Group Inc (NXST) revenue declined by 8.5% year-over-year, from $5.4B to $4.9B in fiscal year 2025.
Is Nexstar Media Group Inc profitable?
Yes, Nexstar Media Group Inc (NXST) reported a net income of $109.0M in fiscal year 2025, with a net profit margin of 2.2%.
What is Nexstar Media Group Inc's EBITDA?
Nexstar Media Group Inc (NXST) had EBITDA of $1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Nexstar Media Group Inc have?
As of fiscal year 2025, Nexstar Media Group Inc (NXST) had $280.0M in cash and equivalents against $6.2B in long-term debt.
What is Nexstar Media Group Inc's operating margin?
Nexstar Media Group Inc (NXST) had an operating margin of 17.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Nexstar Media Group Inc's net profit margin?
Nexstar Media Group Inc (NXST) had a net profit margin of 2.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Nexstar Media Group Inc pay dividends?
Yes, Nexstar Media Group Inc (NXST) paid $7.44 per share in dividends during fiscal year 2025.
What is Nexstar Media Group Inc's return on equity (ROE)?
Nexstar Media Group Inc (NXST) has a return on equity of 5.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Nexstar Media Group Inc's free cash flow?
Nexstar Media Group Inc (NXST) generated $743.0M in free cash flow during fiscal year 2025. This represents a -32.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Nexstar Media Group Inc's operating cash flow?
Nexstar Media Group Inc (NXST) generated $891.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Nexstar Media Group Inc's total assets?
Nexstar Media Group Inc (NXST) had $10.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Nexstar Media Group Inc's capital expenditures?
Nexstar Media Group Inc (NXST) invested $148.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Nexstar Media Group Inc's current ratio?
Nexstar Media Group Inc (NXST) had a current ratio of 2.07 as of fiscal year 2025, which is generally considered healthy.
What is Nexstar Media Group Inc's debt-to-equity ratio?
Nexstar Media Group Inc (NXST) had a debt-to-equity ratio of 3.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Nexstar Media Group Inc's return on assets (ROA)?
Nexstar Media Group Inc (NXST) had a return on assets of 1.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nexstar Media Group Inc's Altman Z-Score?
Nexstar Media Group Inc (NXST) has an Altman Z-Score of 1.63, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Nexstar Media Group Inc's Piotroski F-Score?
Nexstar Media Group Inc (NXST) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Nexstar Media Group Inc's earnings high quality?
Nexstar Media Group Inc (NXST) has an earnings quality ratio of 8.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Nexstar Media Group Inc cover its interest payments?
Nexstar Media Group Inc (NXST) has an interest coverage ratio of 2.2x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Nexstar Media Group Inc?
Nexstar Media Group Inc (NXST) scores 41 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.