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.

Revenue
+78.1%
EPS
+269.0%
Free cash flow
+690.7%
Total debt
+79.4%

Quarter to September 2026, against a year earlier

189.38 1.41 +0.75%
Market cap
$5.8B
P/E
16.8×
Fwd P/E
5.4×
Dividend yield
3.95%
F-score
5/9
Altman Z
1.68
Beneish M
−2.80
Dividend safety
43/100

Nexstar Media Group, Inc. (NXST) Debt to equity

Alert me on Debt to equity

Nexstar Media Group, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 4.7×, up 1.6× from fiscal 2025 (3.1×). Over the past ten years it has ranged from 2.1× (fiscal 2018) to 17.3× (fiscal 2015); the current reading is higher than 73% of that period. That is above the Broadcasting industry median of 0.5× and above the Communication Services sector median of 0.1×.

Debt to equity, annual

Embed this chart

Annual newest first

Period Debt to equity Change
FY2025 3.1× 6.54%
FY2024 2.9× (1.57%)
FY2023 3.0× 17.75%
FY2022 2.5× (3.26%)
FY2021 2.6× (14.15%)
FY2020 3.0× (26.91%)
FY2019 4.1× 94.16%
FY2018 2.1× (22.79%)
FY2017 2.8× (66.74%)
FY2016 8.3× (52.03%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 4.7× (11.07%)
Jun 2026 5.2× (7.45%)
Mar 2026 5.7× 82.67%
Dec 2025 3.1× 10.51%
43 more quarters

Against its own ten years

Low 2.1× High 17.3×
Ten-year median 3.0×
Current reading's percentile 73

Debt to equity against peers

Company Debt to equity
IHRT iHeartMedia, Inc. compare −2.5×
CURI CuriosityStream Inc. compare 0.0×
NMAX Newsmax Inc. compare 0.0×
FUBO fuboTV Inc. compare 0.5×
GTN Gray Media Inc. compare 2.1×
GTN.A Gray Media Inc. compare 2.1×
NXST Nexstar Media Group, Inc. 4.7×
SBGI Sinclair, Inc. compare 12.1×
SSP E.W. Scripps Company (The) compare 24.8×
Broadcasting industry median 0.5×
Communication Services sector median 0.1×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

More on NXST