Saturday 17 October 2026 Export NXST’s income statement to Excel — free account

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%

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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.99

Total sells 11.25

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	—	—	—	—	16	—	14	25	—	3	1	—

Insider Ownership 6.35%

Capital & Financial Ratios $m

Market Cap 5,070.00

Revenue 5,875.00

Net Income 168.00

Free Cash Flow 754.00

Net Debt 11,526.00

Current Ratio 1.56

Debt/Equity 5.24

P/E ratio 30.36

Fwd P/E 5.60

P/S ratio 0.85

P/B ratio 2.24

Past 5Y EPS Growth (29.62%)

This Y EPS Growth 948.43%

Next Y EPS Growth (39.43%)

Next Y revenue growth 57.61%

Next 5Y EPS Growth 137.28%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 93.33%

10-year low 10-year high

P/S against its own 10 years 1.81%

10-year low 10-year high

P/B against its own 10 years 26.65%

10-year low 10-year high

EV/Sales against its own 10 years 36.60%

10-year low 10-year high

EV/FCF against its own 10 years 75.41%

10-year low 10-year high

Dividends

Payout Ratio 1.43

Annual Dividend Rate 7.44

Annual Dividend Yield 4.54%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	7.40	1.86 1.86 1.86
2025	7.44	1.86 1.86 1.86 1.86
2024	6.76	1.69 1.69 1.69 1.69
2023	5.40	1.35 1.35 1.35 1.35
2022	3.60	0.90 0.90 0.90 0.90
2021	2.80	0.70 0.70 0.70 0.70
2020	2.24	0.56 0.56 0.56 0.56
2019	1.80	0.45 0.45 0.45 0.45
2018	1.50	0.38 0.38 0.38 0.38
2017	1.20	0.30 0.30 0.30 0.30
2016	0.96	0.24 0.24 0.24 0.24

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	147	144	280	218
Receivables	1,095	1,028	1,075	1,584
Inventory	—	—	—	—
Other	224	84	61	61
	1,466	1,297	1,473	2,005

	2023	2024	2025	Q'26
Payables	235	133	133	162
ST’ Debt	124	124	111	331
Other	116	78	64	90
	961	783	711	1,284

Compound Annual Growth %

	10y	5y	3y
Sales	18.63%	1.91%	(1.70%)
Cash Flow	15.81%	(6.61%)	(14.04%)
Earnings	1.71%	(35.30%)	(54.41%)
Book Value	37.21%	(4.24%)	(9.64%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,396	1,993	—	—	—
’25	1,234	1,229	1,198	1,288	4,949
’24	1,284	1,269	1,366	1,488	5,407
’23	1,257	1,240	1,132	1,304	4,933
’22	1,210	1,245	1,269	1,487	5,211
’21	1,114	1,132	1,157	1,246	4,648
’20	1,092	915	1,118	1,377	4,501

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	289	298	—	—	—
’25	337	247	117	190	891
’24	276	176	387	411	1,250
’23	494	185	138	182	999
’22	519	290	376	218	1,403
’21	448	147	286	333	1,215
’20	415	302	160	377	1,254

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	267	265	—	—	—
’25	302	219	86	136	743
’24	232	139	358	376	1,105
’23	458	144	112	146	860
’22	490	301	352	354	1,497
’21	416	127	260	274	1,077
’20	355	248	106	331	1,040

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	5.09	3.61	—	—	—
’25	3.37	3.06	2.14	(5.63)	3.00
’24	5.16	3.54	5.27	7.56	21.41
’23	2.97	2.64	0.70	3.32	9.64
’22	5.99	5.56	7.30	5.30	24.16
’21	4.42	4.51	3.90	6.19	18.98
’20	3.30	2.13	4.08	7.97	17.37

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	34.65	55.95	60.30	76.60	43.37	106.67	148.10	132.30	147.25	141.66	Analyst estimates 2026–2028 Powerpack
	High	67.20	80.45	89.75	119.93	133.25	171.16	204.62	217.76	191.86	223.36
People
People	Employees	4,527	9,113	8,959	16,193	12,412	12,473	12,971	13,294	13,005	12,832
	Revenue/emp, $m	0.24	0.27	0.31	0.19	0.36	0.37	0.40	0.37	0.42	0.39
Income, $m
Income, $m	Revenue	1,103	2,432	2,767	3,039	4,501	4,648	5,211	4,933	5,407	4,949
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	171	241	533	373	1,105	1,093	1,217	401	959	150
	EBT margin, %	15.47	9.93	19.26	12.28	24.54	23.52	23.35	8.13	17.74	3.03
	Net income	93	475	388	236	808	830	943	270	683	83
	Depreciation	141	354	350	484	582	604	808	987	844	807
Per share, $
Per share, $	Revenue	35.95	53.15	60.52	66.09	100.20	110.32	132.43	139.68	167.34	163.07
	Earnings	2.98	10.38	8.52	5.01	18.06	19.81	24.68	9.78	21.73	3.04
	Cash flow	9.26	2.38	16.12	9.08	27.92	28.84	35.66	28.29	38.69	29.36
	Capex	(1.02)	(1.15)	(2.23)	(4.20)	(4.77)	(3.28)	2.39	(3.94)	(4.49)	(4.88)
	Free cash flow	8.25	1.24	13.89	4.88	23.15	25.56	38.04	24.35	34.20	24.48
	Book value	9.27	34.56	40.88	44.65	56.47	67.82	70.37	65.49	69.39	67.32
	Shares, m	31	46	46	46	45	42	39	35	32	30
Valuation, ×
Valuation, ×	P/E	21.02	7.43	9.22	23.40	6.00	7.61	7.06	16.38	7.23	67.01
	P/S	1.75	1.45	1.30	1.77	1.09	1.37	1.32	1.15	0.94	1.25
	P/B	6.78	2.23	1.92	2.63	1.93	2.23	2.48	2.45	2.28	3.02
	EV/Sales	3.78	3.19	2.69	4.49	2.76	2.92	2.61	2.50	2.12	2.47
	EV/FCF	16.49	137.14	11.70	60.76	11.93	12.60	9.08	14.36	10.39	16.44
Cash, $m
Cash, $m	Operating cash flow	284	109	737	417	1,254	1,215	1,403	999	1,250	891
	Capex	(31)	(52)	(102)	(193)	(214)	(138)	94	(139)	(145)	(148)
	Free cash flow	253	57	635	224	1,040	1,077	1,497	860	1,105	743
Balance, $m
Balance, $m	Working capital	174	386	363	404	479	625	722	505	514	762
	Total debt	2,359	4,362	3,981	8,493	7,668	7,415	6,951	6,837	6,523	6,333
	Net debt	2,245	4,247	3,836	8,244	7,499	7,209	6,731	6,690	6,379	6,053
	Shareholders’ equity	284	1,581	1,869	2,053	2,537	2,858	2,769	2,313	2,242	2,043
Returns, %
Returns, %	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
	ROE	49.38	50.92	22.58	11.74	35.36	30.92	34.52	13.62	30.82	4.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NXST Nexstar Media Group, Inc.	$5.1B	30.4×	5.6×	+62.16% (above 0%: growing)	+18.12% (above 0%: growing)	+21.00% (above 0%: growing)	100.00%	18.16%
NMAX Newsmax Inc.	$1.2B	167×	— (loss-making)	+16.53% (above 0%: growing)	n/m	+94.72% (above 0%: growing)	43.12%	2.41%	Compare
FUBO fuboTV Inc.	$919.4M	— (loss-making)	9.5×	+37.99% (above 0%: growing)	n/m	+83.25% (above 0%: growing)	7.28%	(1.80%)	Compare
SBGI Sinclair, Inc.	$918.4M	16.5×	7.1×	+7.14% (above 0%: growing)	n/m	−56.19% (below 0%: shrinking)	47.98%	5.95%	Compare
GTN.A Gray Media Inc.	$671.6M	— (loss-making)	2.2×	+8.68% (above 0%: growing)	n/m	+2,750.00% (above 0%: growing)	29.56%	16.21%	Compare
GTN Gray Media Inc.	$468.7M	— (loss-making)	2.2×	+8.68% (above 0%: growing)	n/m	+2,750.00% (above 0%: growing)	29.56%	16.21%	Compare
IHRT iHeartMedia, Inc.	$323.0M	— (loss-making)	— (loss-making)	+4.67% (above 0%: growing)	n/m	+448.77% (above 0%: growing)	59.01%	3.63%	Compare
SSP E.W. Scripps Company (The)	$262.3M	— (loss-making)	4.6×	−9.20% (below 0%: shrinking)	n/m	−117.88% (below 0%: shrinking)	40.03%	(236.04%)	Compare
CURI CuriosityStream Inc.	$160.8M	261×	27.8×	+22.26% (above 0%: growing)	+1,002.94% (above 0%: growing)	−249.16% (below 0%: shrinking)	72.84%	39.49%	Compare
Median of peers	$570.1M	167×	5.8×	+8.68%	—	+88.99%	41.58%	4.79%

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