Nexstar Media Group, Inc.

NXST Communication Services Broadcasting

Nexstar Media Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.9 billion, down 8.47% from fiscal 2024. In the quarter to June 2026, revenue grew 62.2%, EPS grew 18.1%, free cash flow grew 21.0% and total debt rose 84.0%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

163.95 0.70 −0.43%
Market cap
$5.1B
P/E
30.4×
Fwd P/E
5.6×
Dividend yield
4.54%
F-score
5/9
Altman Z
1.68
Beneish M
−2.80
Dividend safety
43/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
21.02 7.43 9.22 23.40 6.00 7.61 7.06 16.38 7.23 67.01
Piotroski F-Score
5 5 6 3 8 8 8 4 7 5
Altman Z-Score
1.11 1.03 1.35 0.76 1.14 1.30 1.57 1.36 1.67 1.68
P/S ratio
1.75 1.45 1.30 1.77 1.09 1.37 1.32 1.15 0.94 1.25
P/FCF ratio
7.62 62.18 5.66 24.03 4.72 5.91 4.58 6.58 4.62 8.29
Altman Z″-Score (non-manufacturers)
0.95 1.20 1.72 0.87 1.53 1.73 2.14 1.78 2.34 2.29
P/Operating CF
17.89 76.71 14.40 53.13 13.02 19.08 31.45 31.09 12.42 32.43
Beneish M-Score
(2.60) (0.96) (2.65) (2.04) (2.45) (2.52) (2.62) (2.78) (2.72) (2.80)
Dividend Safety Score
— — — — — — — — — 43
P/B ratio
6.78 2.23 1.92 2.63 1.93 2.23 2.48 2.45 2.28 3.02
Price to Tangible BV
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EV/Sales
3.78 3.19 2.69 4.49 2.76 2.92 2.61 2.50 2.12 2.47
EV/EBITDA
9.74 9.04 6.71 11.97 6.34 7.63 6.41 7.29 5.44 7.38
EV/Operating CF
14.68 71.22 10.08 32.66 9.89 11.17 9.68 12.36 9.19 13.71
EV/FCF
16.49 137.14 11.70 60.76 11.93 12.60 9.08 14.36 10.39 16.44
Quick Ratio
1.75 1.01 1.71 1.20 1.47 1.56 1.46 1.29 1.50 1.91
Current Ratio
1.92 1.57 1.90 1.43 1.66 1.79 1.81 1.53 1.66 2.07
Net Debt/EBITDA
5.24 4.94 3.46 7.24 3.83 4.05 3.18 3.95 3.02 3.66
Debt/Assets
79.53% 58.31% 56.37% 60.71% 57.21% 55.90% 54.82% 56.61% 56.88% 58.39%
Debt/Equity
8.30 2.76 2.13 4.14 3.02 2.60 2.51 2.96 2.91 3.10
Asset Turnover
0.46 0.47 0.38 0.29 0.33 0.35 0.40 0.40 0.46 0.44
Operating CF/Net income
3.11 0.23 1.89 1.81 1.55 1.46 1.44 2.89 1.78 9.68
Capex/Depreciation
(0.22) (0.15) (0.29) (0.40) (0.37) (0.23) 0.12 (0.14) (0.17) (0.18)
Interest Coverage
2.48 2.10 3.43 2.15 4.10 4.15 3.89 1.58 2.86 2.24
ROE
49.38% 50.92% 22.58% 11.74% 35.36% 30.92% 34.52% 13.62% 30.82% 4.29%
ROA
3.81% 9.09% 5.36% 2.19% 5.92% 6.25% 7.49% 2.80% 5.96% 0.82%
ROIC
7.10% 5.42% 8.30% 3.98% 8.57% 7.30% 8.63% 4.92% 9.19% 6.55%
Return on Tangible Assets
20.35% 42.42% 35.59% 13.59% 38.94% 39.01% 48.94% 19.50% 40.79% 4.79%
Average Days of Receivables
72.15 84.49 72.20 106.15 73.37 80.18 75.65 81.02 69.40 79.28
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
23.89% 24.88% 20.96% 24.02% 20.26% 22.03% 21.07% 22.26% 20.12% 21.48%
Intangible Assets out of Total Assets
0.45 0.73 0.77 0.66 0.66 0.65 0.66 0.66 0.67 0.69
Share Based Compensation of Revenue
1.03% 0.99% 1.13% 1.27% 1.07% 1.01% 1.19% 1.22% 1.44% 1.58%
Graham Net Nets
(1.20) (1.37) (1.23) (1.96) (1.97) (1.41) (1.21) (1.47) (1.55) (1.19)
Graham Number
24.97 89.76 88.58 70.95 152.03 174.04 197.68 120.05 184.74 67.74
Earnings Yield
4.76% 13.45% 10.85% 4.27% 16.66% 13.15% 14.16% 6.10% 13.84% 1.49%
Free Cash Flow Yield
13.12% 1.61% 17.66% 4.16% 21.20% 16.93% 21.83% 15.20% 21.65% 12.06%
Revenue per Share
35.95 53.15 60.52 66.09 100.20 110.32 132.43 139.68 167.34 163.07
Operating CF per Share
9.26 2.38 16.12 9.08 27.92 28.84 35.66 28.29 38.69 29.36
Capex per Share
(1.02) (1.15) (2.23) (4.20) (4.77) (3.28) 2.39 (3.94) (4.49) (4.88)
Free Cash Flow per Share
8.25 1.24 13.89 4.88 23.15 25.56 38.04 24.35 34.20 24.48
Cash per Share
3.73 2.53 3.17 5.41 3.77 4.90 5.59 4.16 4.46 9.23
Shareholders Equity per Share
9.27 34.56 40.88 44.65 56.47 67.82 70.37 65.49 69.39 67.32
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
9.27 34.56 40.88 44.65 56.47 67.82 70.37 65.49 69.39 67.32
Free Cash Flow
253.10 56.66 634.97 224.41 1,039.80 1,077.00 1,497.00 860.00 1,105.00 743.00
Working Capital
173.64 385.52 362.90 404.21 479.09 625.40 722.00 505.00 514.00 762.00
Capital Expenditures
(31.15) (52.43) (101.90) (193.06) (214.40) (138.00) 94.00 (139.00) (145.00) (148.00)
Net Current Asset Value
(2,318.51) (4,844.12) (4,425.97) (10,584.47) (9,657.42) (8,994.30) (8,295.00) (8,299.00) (7,929.00) (7,330.00)
EV/EBIT
14.53 15.37 9.81 20.81 9.02 11.55 10.36 17.44 9.06 14.39
Capex to Sales
0.03 0.02 0.04 0.06 0.05 0.03 (0.02) 0.03 0.03 0.03
Price to Operating Income
6.71 6.97 4.74 8.23 3.57 5.41 5.23 7.99 4.03 7.26
Other line items
Depreciation/Fixed assets
0.51 0.48 0.48 0.37 0.36 0.40 0.64 0.78 0.70 0.70
Cash ROIC
9.18% 0.94% 10.59% 2.08% 10.02% 10.28% 15.06% 9.25% 12.40% 8.58%
Accounts Receivable Turnover
5.37 6.23 4.98 4.25 5.03 4.83 4.96 4.54 5.09 4.71
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 — — —
Average Days of Payables
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days of Inventory on Hand
10.88 0.00 0.00 0.00 0.00 0.00 0.00 — — —
Average Receivables
205.52 390.50 555.11 715.60 894.36 962.90 1,050.50 1,087.50 1,061.50 1,051.50
Average Payables
22.85 25.45 49.48 112.60 187.89 233.31 223.10 216.50 184.00 133.00
Average Assets
2,400.61 5,223.87 7,271.84 10,525.89 13,697.01 13,334.39 12,971.75 12,378.50 11,773.00 11,157.00
Average Common Equity
185.36 932.83 1,725.15 1,961.24 2,295.18 2,697.19 2,813.25 2,541.00 2,277.50 2,142.50

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