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) Operating margin

Alert me on Operating margin

Nexstar Media Group, Inc.'s operating margin over the twelve months to 30 September 2026 was 20.6%, up 3.4 percentage points from fiscal 2025 (17.2%). Over the past ten years it has ranged from 14.4% (fiscal 2023) to 30.6% (fiscal 2020); the current reading is higher than 18% of that period. That is above the Broadcasting industry median of −12.3% and above the Communication Services sector median of 0.94%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 17.2% (6.30)
FY2024 23.5% 9.10
FY2023 14.4% (10.83)
FY2022 25.2% (0.10)
FY2021 25.3% (5.28)
FY2020 30.6% 9.00
FY2019 21.6% (5.83)
FY2018 27.4% 6.60
FY2017 20.8% (5.25)
FY2016 26.0% 3.05

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 24.9% 6.78
Jun 2026 18.2% (0.82)
Mar 2026 19.0% 0.27
Dec 2025 18.7% 4.10
43 more quarters

Against its own ten years

Low 14.4% High 30.6%
Ten-year median 23.5%
Current reading's percentile 23

Operating margin against peers

Company Operating margin
NXST Nexstar Media Group, Inc. 20.6%
GTN.A Gray Media Inc. compare 13.8%
GTN Gray Media Inc. compare 13.8%
SBGI Sinclair, Inc. compare 8.62%
IHRT iHeartMedia, Inc. compare 0.16%
CURI CuriosityStream Inc. compare −0.30%
FUBO fuboTV Inc. compare −1.53%
NMAX Newsmax Inc. compare −7.40%
SSP E.W. Scripps Company (The) compare −50.3%
Broadcasting industry median −12.3%
Communication Services sector median 0.94%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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