Newsmax Inc. (NMAX) vs Nexstar Media Group, Inc. (NXST)

Newsmax Inc. and Nexstar Media Group, Inc. are both Broadcasting companies. Nexstar Media Group, Inc. is the larger, with a market value of $5.0B against $1.4B — 3.5× the size. Nexstar Media Group, Inc. trades at the lower P/E: 30.0× against 208×. Newsmax Inc. grew revenue faster over the last twelve months: 11.1% against 10.5%. Nexstar Media Group, Inc. has the higher net margin (2.83% vs −3.15%) and the higher return on invested capital (4.74% vs 0.00%). Across the 18 metrics below, Nexstar Media Group, Inc. leads on 13 and Newsmax Inc. on 5.

Valuation

Metric NMAX NXST Broadcasting median
P/E 208.24 30.02 —
P/S 6.87 0.84 0.14
P/B 12.34 2.21 0.86
Price to free cash flow n/m 6.58 6.42
EV/EBITDA n/m 8.74 8.64
EV/Sales 6.24 2.81 1.31
Earnings yield 0.48% 3.33% (16.05%)
Free cash flow yield (5.13%) 15.19% 0.00%

Profitability

Metric NMAX NXST Broadcasting median
Gross margin 39.64% 100.00% 40.36%
Operating margin (7.40%) 17.75% (12.31%)
Net margin (3.15%) 2.83% (8.55%)
Free cash flow margin (35.23%) 12.83% (0.22%)
Return on equity (5.82%) 7.41% (5.70%)
Return on assets (2.62%) 1.14% (5.59%)
Return on invested capital 0.00% 4.74% (0.41%)

Growth

Metric NMAX NXST Broadcasting median
Revenue growth (TTM) 11.13% 10.49% (11.30%)
EPS growth (last fiscal year) 45.38% (85.99%) —
Revenue growth, 5-year CAGR — 1.91% 1.91%
Net income growth, 5-year CAGR — (35.30%) 0.00%

Health

Metric NMAX NXST Broadcasting median
Debt to equity 0.00 5.24 0.46
Current ratio 2.39 1.56 1.41
Net debt to EBITDA 1.40 3.66 3.66

Dividend

Metric NMAX NXST Broadcasting median
Dividend yield — 3.34% 4.14%
Payout ratio — 0.25 0.00

Size

Metric NMAX NXST Broadcasting median
Market cap 1.43b 4.98b 185.13m

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