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

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