Nexstar Media Group Inc (NXST) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NXST SEC filings page.
Nexstar Media Group Inc (NXST) reported $5.9B in revenue over the twelve months to Jun 30, 2026, up 10.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Nexstar converts operating cash into shareholder distributions while leverage amplifies swings in reported earnings.
Cash generation has been steadier than accounting profit: FY2025 net income was$83M while operating cash flow was$891M ; that relationship also held in FY2024, when cash flow remained well above net income. The spread, alongside FY2025 depreciation and amortization of$471M , indicates reported earnings are more exposed to noncash charges than the business’s cash-producing capacity.
Leverage remains structurally important: long-term debt fell to
Capital allocation is supported by internal cash generation: FY2025 free cash flow of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Nexstar Media Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Nexstar Media Group Inc has an operating margin of 17.2%, meaning the company retains $17 of operating profit per $100 of revenue. This strong profitability earns a score of 82/100, reflecting efficient cost management and pricing power. 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 31/100.
Nexstar Media Group Inc has elevated debt relative to equity (D/E of 3.01), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 13/100, reflecting increased financial risk.
Nexstar Media Group Inc's current ratio of 2.07 indicates adequate short-term liquidity, earning a score of 61/100. The company can meet its near-term obligations, though with limited headroom.
Nexstar Media Group Inc converts 15.0% of revenue into free cash flow ($743.0M). This strong cash generation earns a score of 82/100.
Nexstar Media Group Inc earns a strong 4.0% return on equity (ROE), meaning it generates $4 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100. This is down from 30.3% the prior year.
Nexstar Media Group Inc scores 1.61, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Nexstar Media Group Inc passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 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 $10.73 in operating cash flow ($891.0M OCF vs $83.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Nexstar Media Group Inc earns $2.24 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 $2.0B in revenue in Q2 2026. This represents an increase of 62.2% from the same quarter a year earlier. Against the prior quarter it is up 42.8%.
Nexstar Media Group Inc's EBITDA was $520.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 57.1% from the same quarter a year earlier. Against the prior quarter it is up 34.7%.
Nexstar Media Group Inc reported $120.0M in net income in Q2 2026. This represents an increase of 23.7% from the same quarter a year earlier. Against the prior quarter it is down 26.8%.
Nexstar Media Group Inc earned $3.61 per diluted share (EPS) in Q2 2026. This represents an increase of 18.0% from the same quarter a year earlier. Against the prior quarter it is down 29.1%.
Cash & Balance Sheet
Nexstar Media Group Inc generated $253.0M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 16.1% from the same quarter a year earlier. Against the prior quarter it is down 5.2%.
Nexstar Media Group Inc held $218.0M in cash against $11.4B in long-term debt as of Q2 2026.
Nexstar Media Group Inc paid $1.86 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Nexstar Media Group Inc's operating margin was 18.2% in Q2 2026, reflecting core business profitability. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.8 percentage points.
Nexstar Media Group Inc's net profit margin was 6.0% in Q2 2026, showing the share of revenue converted to profit. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.7 percentage points.
Nexstar Media Group Inc's ROE was 5.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.
Not reported for Q2 2026.
Capital Allocation
Nexstar Media Group Inc invested $45.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 55.2% from the same quarter a year earlier. Against the prior quarter it is up 104.5%.
Not reported for Q2 2026.
Not reported for Q2 2026.
NXST Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.0B+62.2% | $1.4B+13.1% | $1.3B-13.4% | $1.2B-12.3% | $1.2B-3.2% | $1.2B-3.9% | $1.5B+14.1% | $1.4B+20.7% |
| SG&A Expenses | $457.0M+74.4% | $327.0M+27.2% | $274.0M+1.9% | $270.0M-2.5% | $262.0M-3.0% | $257.0M-5.5% | $269.0M-6.9% | $277.0M-1.4% |
| Operating Income | $362.0M+70.0% | $265.0M+20.5% | $241.0M-42.3% | $175.0M-47.8% | $213.0M-11.3% | $220.0M-20.0% | $418.0M+81.0% | $335.0M+256.4% |
| EBITDA | $520.0M+57.1% | $386.0M+14.5% | $287.0M-8.6% | $365.0M-30.5% | $331.0M-26.1% | $337.0M-27.5% | $314.0M+2716.7% | $525.0M+67.2% |
| Interest Expense | $190.0M+95.9% | $120.0M+23.7% | $91.0M-83.7% | $94.0M-16.8% | $97.0M+185.8% | $97.0M+185.1% | $558.0M-28.3% | $113.0M+200.0% |
| Income Tax | $64.0M+64.1% | -$7.0M-117.1% | -$44.0M-140.7% | $31.0M-51.6% | $39.0M-9.3% | $41.0M-32.8% | $108.0M+125.0% | $64.0M+966.7% |
| Net Income | $120.0M+23.7% | $164.0M+51.9% | -$192.0M-194.6% | $70.0M-62.6% | $97.0M-17.8% | $108.0M-38.3% | $203.0M+434.2% | $187.0M+648.0% |
| EPS (Basic) | $3.65+18.1% | $5.22+53.1% | -$5.62-174.3% | $2.16-59.6% | $3.09-13.9% | $3.41-35.0% | $7.56+128.4% | $5.34+652.1% |
| EPS (Diluted) | $3.61+18.0% | $5.09+51.0% | -$5.57-174.8% | $2.14-59.4% | $3.06-13.6% | $3.37-34.7% | $7.45 | $5.27+652.9% |
| Diluted Shares (Avg) | 31M+1.3% | 31M+0.8% | N/A | 31M-5.5% | 31M-8.3% | 31M-9.1% | N/A | 32M-8.3% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
NXST Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $17.7B+56.4% | $18.1B+58.6% | $10.8B-5.4% | $11.2B-3.8% | $11.3B-4.2% | $11.4B-4.4% | $11.5B-5.1% | $11.7B-2.9% |
| Current Assets | $2.0B+44.2% | $2.3B+62.8% | $1.5B+13.6% | $1.4B-2.0% | $1.4B-5.6% | $1.4B-6.2% | $1.3B-11.5% | $1.4B+6.0% |
| Cash & Equivalents | $218.0M-6.8% | $379.0M+49.8% | $280.0M+94.4% | $236.0M+30.4% | $234.0M+60.3% | $253.0M+6.8% | $144.0M+6.7% | $181.0M+20.7% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $1.6B+55.0% | $1.7B+60.9% | $1.1B+4.6% | $1.0B-0.3% | $1.0B-2.5% | $1.0B-2.0% | $1.0B-6.1% | $1.0B+14.0% |
| Long-Term Investments | $43.0M+975.0% | $41.0M+925.0% | $6.0M+50.0% | $4.0M0.0% | $4.0M0.0% | $4.0M-20.0% | $4.0M-20.0% | $4.0M0.0% |
| Goodwill | $5.0B+72.1% | $5.0B+72.6% | $2.9B-0.4% | $2.9B-0.7% | $2.9B-0.7% | $2.9B-0.7% | $2.9B-0.8% | $2.9B-0.6% |
| Total Liabilities | $15.5B+70.3% | $15.9B+73.9% | $8.8B-4.5% | $9.0B-5.2% | $9.1B-4.9% | $9.2B-4.5% | $9.2B-5.8% | $9.5B-2.6% |
| Current Liabilities | $1.3B+56.0% | $1.3B+61.4% | $711.0M-9.2% | $745.0M-11.9% | $823.0M-0.6% | $805.0M-3.1% | $783.0M-18.5% | $846.0M-0.7% |
| Non-Current Liabilities | $14.2B+71.7% | $14.6B+75.1% | $8.1B-4.1% | $8.2B-4.5% | $8.2B-5.3% | $8.4B-4.7% | $8.4B-4.4% | $8.6B-2.7% |
| Long-Term Debt | $11.4B+81.9% | $11.9B+86.4% | $6.2B-2.8% | $6.2B-5.0% | $6.3B-5.7% | $6.4B-4.7% | $6.4B-4.7% | $6.6B-2.5% |
| Total Equity | $2.3B+0.4% | $2.2B-3.5% | $2.1B-8.6% | $2.3B+3.0% | $2.3B-0.5% | $2.2B-3.2% | $2.3B-1.8% | $2.2B-4.8% |
| Retained Earnings | $3.7B-1.6% | $3.6B-2.1% | $3.5B-3.7% | $3.8B+8.0% | $3.8B+11.5% | $3.7B+12.5% | $3.7B+15.2% | $3.5B+11.7% |
Not reported in any period shown, so not listed: Inventory.
NXST Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $298.0M+20.6% | $289.0M-14.2% | $190.0M-53.8% | $117.0M-69.8% | $247.0M+40.3% | $337.0M+22.1% | $411.0M+125.8% | $387.0M+180.4% |
| Depreciation & Amortization | $158.0M+33.9% | $121.0M+3.4% | -$121.0M-16.3% | $190.0M0.0% | $118.0M-43.3% | $117.0M-38.4% | -$104.0M+57.2% | $190.0M-13.6% |
| Stock-Based Compensation | N/A | $20.0M+11.1% | N/A | N/A | N/A | $18.0M0.0% | N/A | N/A |
| Capital Expenditures | $45.0M+55.2% | $22.0M-37.1% | $54.0M+54.3% | $30.0M+3.4% | $29.0M-21.6% | $35.0M-20.5% | $35.0M-2.8% | $29.0M-19.4% |
| Free Cash Flow | $253.0M+16.1% | $267.0M-11.6% | $136.0M-63.8% | $87.0M-75.7% | $218.0M+56.8% | $302.0M+30.2% | $376.0M+157.5% | $358.0M+251.0% |
| Investing Cash Flow | -$30.0M-7.1% | -$3.3B-5331.1% | -$55.0M-61.8% | -$29.0M0.0% | -$28.0M+20.0% | -$61.0M-1425.0% | -$34.0M+5.6% | -$29.0M+54.7% |
| Financing Cash Flow | -$486.0M-104.2% | $3.2B+2004.2% | -$91.0M+78.0% | -$86.0M+73.4% | -$238.0M-2.6% | -$167.0M+8.2% | -$414.0M-154.0% | -$323.0M-19.6% |
| Dividends Paid | $57.0M+1.8% | $56.0M-1.8% | $57.0M+9.6% | $56.0M+1.8% | $56.0M+1.8% | $57.0M0.0% | $52.0M+13.0% | $55.0M+17.0% |
| Share Buybacks | N/A | N/A | $0-100.0% | $0-100.0% | $50.0M-63.0% | $75.0M-32.4% | $178.0M+85.4% | $177.0M-8.8% |
NXST Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 18.2%+0.8pp | 19.0%+1.2pp | 18.7%-9.4pp | 14.6%-9.9pp | 17.3%-1.6pp | 17.8%-3.6pp | 28.1%+10.4pp | 24.5%+16.2pp |
| Net Margin | 6.0%-1.9pp | 11.8%+3.0pp | -14.9%-28.5pp | 5.8%-7.8pp | 7.9%-1.4pp | 8.8%-4.9pp | 13.6%+10.7pp | 13.7%+11.5pp |
| Return on Equity | 5.3%+1.0pp | 7.6%+2.8pp | -9.3%-18.3pp | 3.1%-5.4pp | 4.3%-0.9pp | 4.8%-2.7pp | 9.0%+7.3pp | 8.4%+7.4pp |
| Return on Assets | 0.7%-0.2pp | 0.9%0.0pp | -1.8%-3.5pp | 0.6%-1.0pp | 0.9%-0.1pp | 0.9%-0.5pp | 1.8%+1.5pp | 1.6%+1.4pp |
| Current Ratio | 1.56-0.1x | 1.760.0x | 2.07+0.4x | 1.87+0.2x | 1.69-0.1x | 1.74-0.1x | 1.66+0.1x | 1.68+0.1x |
| Debt-to-Equity | 5.04+2.3x | 5.48+2.6x | 3.01+0.2x | 2.73-0.2x | 2.78-0.2x | 2.840.0x | 2.84-0.1x | 2.96+0.1x |
| Asset Turnover | 0.110.0x | 0.080.0x | 0.120.0x | 0.110.0x | 0.110.0x | 0.110.0x | 0.130.0x | 0.120.0x |
| FCF Margin | 12.7%-5.0pp | 19.1%-5.3pp | 10.6%-14.7pp | 7.3%-18.9pp | 17.7%+6.8pp | 24.5%+6.4pp | 25.3%+14.1pp | 26.2%+17.2pp |
Not reported in any period shown, so not listed: Gross Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Nexstar Media Group Inc NXST | FY2025 | $4.9B | $83.0M | 1.7% | $5.2B | 56/100 |
| Tegna Inc TGNA | FY2025 | $2.7B | $219.9M | 8.1% | $3.2B | 55/100 |
| Sinclair SBGI | FY2025 | $3.2B | -$99.0M | -3.1% | $999.4M | 37/100 |
| Fubotv Inc. FUBO | FY2024 | $402.3M | -$172.3M | -42.8% | $344.6M | 14/100 |
| Gray Television Inc GTN | FY2025 | $3.1B | -$85.0M | -2.8% | $501.5M | 42/100 |
| Iheartmedia Inc IHRT | FY2025 | $3.9B | -$472.9M | -12.2% | $421.0M | 25/100 |
Where Nexstar Media Group Inc Ranks
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 $83.0M in fiscal year 2025, with a net profit margin of 1.7%.
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 1.7% 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 4.0% 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 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Nexstar Media Group Inc's P/E ratio?
Nexstar Media Group Inc (NXST) trades at 32.3x earnings, its market capitalization divided by net income of $162.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $5.2B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nexstar Media Group Inc's price-to-sales ratio?
Nexstar Media Group Inc (NXST) trades at 0.9x sales, its market capitalization divided by revenue of $5.9B revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.2B as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Nexstar Media Group Inc's Altman Z-Score?
Nexstar Media Group Inc (NXST) has an Altman Z-Score of 1.61, 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 10.73x, 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 2.24x, 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 56 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.