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

188.48 3.36 +1.82%
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) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Nexstar Media Group, Inc. (NXST) trades at a EV/EBITDA of 8.9×. Over the past ten years it has ranged from 5.1× (May 2025) to 14.1× (March 2017); the current reading is higher than 70% of that period. That is in line with the Broadcasting industry median of 8.6× and in line with the Communication Services sector median of 8.8×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 7.4× 35.67%
FY2024 5.4× (25.37%)
FY2023 7.3× 13.67%
FY2022 6.4× (15.98%)
FY2021 7.6× 20.38%
FY2020 6.3× (47.08%)
FY2019 12.0× 78.54%
FY2018 6.7× (25.84%)
FY2017 9.0× (7.13%)
FY2016 9.7× (2.58%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 8.5× (6.19%)
Jun 2026 9.0× (11.56%)
Mar 2026 10.2× 38.12%
Dec 2025 7.4× 13.89%
43 more quarters

Against its own ten years

Low 5.1× High 14.1×
Ten-year median 7.8×
Current reading's percentile 70

EV/EBITDA against peers

Company EV/EBITDA
NMAX Newsmax Inc. compare n/m
SBGI Sinclair, Inc. compare 8.0×
GTN Gray Media Inc. compare 8.6×
GTN.A Gray Media Inc. compare 8.7×
NXST Nexstar Media Group, Inc. 8.9×
CURI CuriosityStream Inc. compare 9.4×
SSP E.W. Scripps Company (The) compare 12.0×
IHRT iHeartMedia, Inc. compare 14.9×
FUBO fuboTV Inc. compare 39.4×
Broadcasting industry median 8.6×
Communication Services sector median 8.8×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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