NXST · Nexstar Media Group, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.40B | - | $1.20B | $1.23B | $1.23B | - | $1.37B | $1.27B | $1.28B | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $327.00M | - | $270.00M | $262.00M | $257.00M | - | $278.00M | $269.00M | $271.00M | - |
| Total Operating Expenses | $1.13B | - | $1.02B | $1.02B | $1.01B | - | $1.03B | $1.03B | $1.01B | - |
| D&A | $121.00M | - | $190.00M | $197.00M | $205.00M | - | $190.00M | $208.00M | $190.00M | - |
| Operating Income | $265.00M | - | $175.00M | $213.00M | $220.00M | - | $335.00M | $240.00M | $275.00M | - |
| Interest Expense | - | - | $113.00M | - | - | - | - | - | - | - |
| Income Tax | ($7.00M) | - | $31.00M | $39.00M | $41.00M | - | $64.00M | $43.00M | $61.00M | - |
| Net Income | $164.00M | - | $70.00M | $97.00M | $108.00M | - | $187.00M | $118.00M | $175.00M | - |
| EPS - Basic | $5.22 | - | $2.16 | $3.09 | $3.41 | - | $5.34 | $3.59 | $5.25 | - |
| EPS - Diluted | $5.09 | - | $2.14 | $3.06 | $3.37 | - | $5.27 | $3.54 | $5.16 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $379.00M | $280.00M | $236.00M | $234.00M | $253.00M | $144.00M | $181.00M | $146.00M | $237.00M | $135.00M |
| Accounts Receivable | $1.66B | $1.07B | $1.01B | $1.02B | $1.03B | $1.03B | $1.02B | $1.05B | $1.05B | $1.09B |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $200.00M | $133.00M | $100.00M | $190.00M | $113.00M | $133.00M | $132.00M | $133.00M | $115.00M | $235.00M |
| Current Assets | $2.28B | $1.47B | $1.39B | $1.39B | $1.40B | $1.30B | $1.42B | $1.47B | $1.49B | $1.47B |
| Total Assets | $18.10B | $10.85B | $11.25B | $11.33B | $11.41B | $11.47B | $11.69B | $11.82B | $11.95B | $12.08B |
| Current Liabilities | $1.30B | $711.00M | $745.00M | $823.00M | $805.00M | $783.00M | $846.00M | $828.00M | $831.00M | $961.00M |
| Long-term Debt | $11.88B | $6.22B | $6.25B | $6.28B | $6.37B | $6.40B | $6.58B | $6.66B | $6.69B | $6.71B |
| Total Liabilities | $15.94B | $8.78B | $8.96B | $9.07B | $9.16B | $9.20B | $9.45B | $9.54B | $9.60B | $9.77B |
| Stockholders' Equity | $2.17B | $2.06B | $2.29B | $2.26B | $2.25B | $2.26B | $2.22B | $2.27B | $2.32B | $2.30B |
| Retained Earnings | $3.64B | $3.54B | $3.77B | $3.75B | $3.72B | $3.67B | $3.48B | $3.37B | $3.31B | $3.19B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $289.00M | - | - | - | $337.00M | - | - | - | $276.00M | - |
| Investing Cash Flow | ($3.31B) | - | - | - | ($61.00M) | - | - | - | ($4.00M) | - |
| Financing Cash Flow | $3.18B | - | - | - | ($167.00M) | - | - | - | ($182.00M) | - |
| CapEx | $22.00M | - | - | - | $35.00M | - | - | - | $44.00M | - |
| Free Cash Flow | $267.00M | - | - | - | $302.00M | - | - | - | $232.00M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 19.0% | - | 14.6% | 17.3% | 17.8% | - | 24.5% | 18.9% | 21.4% | - |
| EBITDA margin | 27.7% | - | 30.5% | 33.4% | 34.4% | - | 38.4% | 35.3% | 36.2% | - |
| Net margin | 11.7% | - | 5.8% | 7.9% | 8.8% | - | 13.7% | 9.3% | 13.6% | - |
| Free cash flow margin | 19.1% | - | - | - | 24.5% | - | - | - | 18.1% | - |
| FCF / Net income | 1.63 | - | - | - | 2.80 | - | - | - | 1.33 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 23.4% | - | 22.5% | 21.3% | 20.8% | - | 20.4% | 21.2% | 21.1% | - |
| Effective tax rate | -4.5% | - | 30.7% | 28.7% | 27.5% | - | 25.5% | 26.7% | 25.8% | - |
| Return on assets | 0.9% | - | 0.6% | 0.9% | 0.9% | - | 1.6% | 1.0% | 1.5% | - |
| Return on equity | 7.6% | - | 3.1% | 4.3% | 4.8% | - | 8.4% | 5.2% | 7.5% | - |
| Return on invested capital | 1.9% | - | 1.4% | 1.8% | 1.9% | - | 2.8% | 2.0% | 2.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.76 | 2.07 | 1.87 | 1.69 | 1.74 | 1.66 | 1.68 | 1.78 | 1.80 | 1.53 |
| Quick ratio | 1.76 | 2.07 | 1.87 | 1.69 | 1.74 | 1.66 | 1.68 | 1.78 | 1.80 | 1.53 |
| Cash ratio | 0.29 | 0.39 | 0.32 | 0.28 | 0.31 | 0.18 | 0.21 | 0.18 | 0.29 | 0.14 |
| Leverage | ||||||||||
| Debt / Equity | 5.48 | 3.01 | 2.73 | 2.78 | 2.84 | 2.84 | 2.96 | 2.94 | 2.88 | 2.92 |
| Debt / Assets | 0.66 | 0.57 | 0.56 | 0.55 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 |
| Debt / EBITDA | 30.77 | - | 17.12 | 15.30 | 14.99 | - | 12.53 | 14.86 | 14.38 | - |
| Interest coverage | - | - | 1.5x | - | - | - | - | - | - | - |
| Equity multiplier | 8.35 | 5.25 | 4.92 | 5.02 | 5.08 | 5.08 | 5.27 | 5.21 | 5.15 | 5.25 |
| Liabilities / Assets | 0.88 | 0.81 | 0.80 | 0.80 | 0.80 | 0.80 | 0.81 | 0.81 | 0.80 | 0.81 |
| Efficiency | ||||||||||
| Asset turnover | 0.08 | - | 0.11 | 0.11 | 0.11 | - | 0.12 | 0.11 | 0.11 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 433d | - | 309d | 304d | 305d | - | 271d | 301d | 299d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 35.5x | - | 92.4x | 56.5x | 53.2x | - | 31.4x | 46.9x | 33.4x | - |
| P / B | 2.6x | - | 2.7x | 2.3x | 2.5x | - | 2.4x | 2.4x | 2.5x | - |
| P / S | 4.0x | - | 5.1x | 4.3x | 4.5x | - | 3.9x | 4.4x | 4.6x | - |
| EV / EBITDA | 44.4x | - | 33.1x | 27.6x | 27.4x | - | 22.4x | 26.9x | 26.5x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.1% | - | -12.3% | -3.2% | -3.9% | - | 20.7% | 2.3% | 2.1% | - |
| Revenue CAGR (3y) | 3.6% | - | -1.9% | -0.4% | 0.7% | - | 5.7% | 3.9% | 4.9% | - |
| Revenue CAGR (5y) | 4.6% | - | 1.4% | 6.1% | 2.5% | - | 15.5% | 14.4% | 15.4% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 20.5% | - | -47.8% | -11.3% | -20.0% | - | 256.4% | 34.1% | 34.8% | - |
| Net income growth (YoY) | 51.9% | - | -62.6% | -17.8% | -38.3% | - | 648.0% | 22.9% | 57.7% | - |
| EPS growth (YoY) | 51.0% | - | -59.4% | -13.6% | -34.7% | - | 652.9% | 34.1% | 73.7% | - |
| EPS CAGR (3y) | 19.7% | - | -33.6% | -18.1% | -17.4% | - | 10.6% | -7.8% | 5.3% | - |
| EPS CAGR (5y) | 2.9% | - | -12.1% | 7.5% | 0.4% | - | - | 20.0% | 35.0% | - |
| FCF growth (YoY) | -11.6% | - | - | - | 30.2% | - | - | - | -49.3% | - |
| FCF CAGR (5y) | -8.5% | - | - | - | -3.2% | - | - | - | 19.3% | - |
| Book value growth (YoY) | -3.5% | -8.6% | 3.0% | -0.5% | -3.2% | -1.8% | -4.8% | -10.9% | -11.5% | -16.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$5.01B totalReportable Broadcast Segment$4.66B · 92.9%
All Other Segments$346.00M · 6.9%
Corporate$10.00M · 0.2%
Product / service
$4.66B totalDistribution Service$2.86B · 61.5%
Advertising$1.75B · 37.6%
Other$42.00M · 0.9%
Peer comparison
Same SIC group: Television Broadcasting Stations
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| PARAA,PARA | - | - | - |
| LSXMA | $4.48B | 12.4% | 7.2% |
| SSP | $2.15B | 6.8% | 11.7% |
| GTN | $3.10B | -2.7% | -3.9% |
| TGNA | $2.71B | 8.1% | 7.0% |
Comparing NEXSTAR MEDIA GROUP against the 5 most active filers in the same SIC group.
Dividends
$7.44/share trailing 12 months · +4.8% YoY
| Ex-date | Per share |
|---|---|
| May 15, 2026 | $1.8600 |
| Feb 13, 2026 | $1.8600 |
| Nov 12, 2025 | $1.8600 |
| Aug 15, 2025 | $1.8600 |
| May 19, 2025 | $1.8600 |
| Feb 12, 2025 | $1.8600 |
| Nov 15, 2024 | $1.6900 |
| Aug 9, 2024 | $1.6900 |
| May 9, 2024 | $1.6900 |
| Feb 8, 2024 | $1.6900 |
| Nov 9, 2023 | $1.3500 |
| Aug 9, 2023 | $1.3500 |
| May 11, 2023 | $1.3500 |
| Feb 9, 2023 | $1.3500 |
| Nov 10, 2022 | $0.9000 |
| Aug 10, 2022 | $0.9000 |
| May 12, 2022 | $0.9000 |
| Feb 10, 2022 | $0.9000 |
| Nov 10, 2021 | $0.7000 |
| Aug 12, 2021 | $0.7000 |
| May 13, 2021 | $0.7000 |
| Feb 11, 2021 | $0.7000 |
| Nov 5, 2020 | $0.5600 |
| Aug 6, 2020 | $0.5600 |