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NXSTNexstar Media Group, Inc.
$179.42$5.5B
Overview & Verdict
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NXST logoNexstar Media Group, Inc.(NXST)Earnings, Financials & Key Ratios

NXST•NASDAQ
$179.42
59.8× P/E·Price updated Jul 7, 2026
SectorCommunication ServicesIndustryEntertainmentSub-IndustryBroadcast and Local TV Stations
AboutNexstar Media Group, Inc., a television broadcasting and digital media company, focuses on the acquisition, development, and operation of television stations and interactive community websites and digital media services in the United States. The company offers free programming to television viewing audiences. As of December 31, 2020, it provided sales, programming, and other services through various local service agreements to 37 power television stations owned by independent third parties; and owned, operated, programmed, or provided sales and other services to 198 television stations. The company also offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites and mobile applications, as well as owns WGN America, a national general entertainment cable network. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.Show more
  • Revenue$4.95B-8.5%
  • EBITDA$1.65B-20.6%
  • Net Income$109M-84.9%
  • EPS (Diluted)3.00-86.0%
  • Gross Margin38.98%-33.9%
  • EBITDA Margin33.3%-13.3%
  • Operating Margin17.44%-25.6%
  • Net Margin2.2%-83.5%
  • ROE5.03%-84.0%

NXST Price & Volume

Nexstar Media Group, Inc. (NXST) stock price & volume — 10-year historical chart

Loading chart...

Cyclical Revenue Volatility Masks Structural Debt Risks

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Strained
Cash Flow:Stable
Primary Risk:Linear subscriber churn acceleration

Key Thesis Takeaways

  • Nexstar Media Group faces a complex outlook defined by biennial political advertising cycles that drive significant revenue swings, such as the 13.1% growth in 2026Q1 following a 13.3% decline in 2025Q4.
  • While the company maintains consistent cash generation, its aggressive inorganic growth strategy has pushed total debt to $12.3 billion, significantly elevating the company's risk profile.
  • Investors should monitor the sustainability of margins as rising reverse retransmission costs and high leverage continue to constrain long-term financial flexibility.

Verdict Logic

while the forward P/E of 4.87 appears attractive, the elevated debt-to-equity ratio of 5.65 and the inherent volatility of the broadcast advertising model warrant a cautious approach.

NXST Growth Metrics

Nexstar Media Group, Inc. (NXST) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years18.63%
5 Years1.91%
3 Years-1.7%
TTM-4.56%

Profit CAGR

10 Years3.44%
5 Years-33.07%
3 Years-51.76%
TTM-74.81%

EPS CAGR

10 Years2.17%
5 Years-29.62%
3 Years-50.11%
TTM-77.01%

Return on Capital

10 Years9.85%
5 Years9.24%
3 Years8.68%
Last Year8.23%

NXST Recent Earnings

Nexstar Media Group, Inc. (NXST) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$6.15+38.8%
$4.43
Rev
$1.4B+9.1%
$1.3B
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$4.30+7.2%
$4.01
Rev
$1.3B+3.1%
$1.3B
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$2.14-18.3%
$2.62
Rev
$1.2B-4.2%
$1.2B
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$3.06+3.7%
$2.95
Rev
$1.2B+1.4%
$1.2B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$6.15vs $4.43+38.8%
$1.4Bvs $1.3B+9.1%
Q1 2026Feb 26, 2026
$4.30vs $4.01+7.2%
$1.3Bvs $1.3B+3.1%
Q4 2025Nov 6, 2025
$2.14vs $2.62-18.3%
$1.2Bvs $1.2B-4.2%
Q3 2025Aug 7, 2025
$3.06vs $2.95+3.7%
$1.2Bvs $1.2B+1.4%
Based on last 12 quarters of dataView full earnings history →

Latest NXST News

Recent stock market news and headlines for Nexstar Media Group, Inc. (NXST)

Business Wire·1 day ago
Nexstar Media Group to Report 2026 Second Quarter Financial Results, Host Conference Call and Webcast on August 6

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) announced today that it will report its 2026 second quarter financial results on Thursday, August 6, 2026. The Company will host a conference call and webcast at 10:00 a.m. ET that morning to review the results. To access the conference call, interested parties may dial 1-877-407-9208 or 1-201-493-6784, conference ID 13761195 (domestic and international callers). Participants can also listen to a live webcast of the call t.

GlobeNewsWire·Jun 25, 2026
TEGNA Celebrates Hometown Heroes with America's 250: Red, White & YOU

Year-long local journalism initiative culminates with one-hour national special beginning June 29 MCLEAN, Va., June 25, 2026 (GLOBE NEWSWIRE) -- As America marks its historic 250th birthday, TEGNA Inc. (NASDAQ: NXST) is telling the story of the nation through the people who shape it every day.

247 Wallst·Jun 25, 2026
66 Years Old With $1.3 Million. Here Are 3 Hidden Gems to Buy

A 66-year-old with $1.3 million can't afford a dividend cut. The hunt for yield often pushes retirees into mega-caps, but I think the real income value sits in mid-caps whose GAAP earnings are masked by non-cash charges or sector stigma. Here's my dividend safety read on three overlooked names. Nexstar: Cash Flow Hides Behind a... 66 Years Old With $1.3 Million. Here Are 3 Hidden Gems to Buy

Business Wire·Jun 16, 2026
Nexstar Media Group Shareholders Approve All Proposals at 2026 Annual Shareholder Meeting

IRVING, Texas--(BUSINESS WIRE)--Nexstar Media Group, Inc. (NASDAQ: NXST) (“Nexstar” or “the Company”) announced that at its 2026 Annual Shareholders' Meeting shareholders voted to: Elect all nominees to Nexstar's Board of Directors; Affirm the executive compensation of the Company's Named Executive Officers; Ratify the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026; and, Approve the 2026 Long-Term Omni.

GlobeNewsWire·Jun 16, 2026
Locked On Podcast Network Approaches One Billion Listens, Views and Social Engagements

MCLEAN, Va., June 16, 2026 (GLOBE NEWSWIRE) --  TEGNA Inc. (NASDAQ: NXST) announced today that the Locked On Podcast Network is on track to reach one billion listens, views and social engagements by the end of 2026.

Peers Comparison

Key metrics vs top competitors for Nexstar Media Group, Inc. (NXST)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NXST logoNXSTNexstar Media Group, Inc.Current
$179.42$5.48B59.81-8.47%2.2%5.03%3.07%
GTN logoGTNGray Media, Inc.
$3.90$362.36M-4.43-15.07%-3.12%-3.43%—
SSP logoSSPThe E.W. Scripps Company
$3.15$371.78M-1.68-14.31%-4.63%-7.87%—
SBGI logoSBGISinclair, Inc.
$14.78$1.03B-9.18-10.68%2%19.23%—
TGNA logoTGNATEGNA Inc.
$20.03$3.23B14.95-12.57%8.07%7.05%—
FOX logoFOXFox Corporation
$49.20$21.57B10.0216.6%10.56%14.58%—

Compare NXST vs Peers

Nexstar Media Group, Inc. (NXST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs GTN

Most directly comparable listed peer for NXST.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare NXST against a more recognizable public peer.

Peer Set

Compare Top 5

vs GTN, SSP, SBGI, TGNA

NXST SEC Filings & Documents

Nexstar Media Group, Inc. (NXST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

May 1, 2026·SEC

Material company update

Apr 2, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 8, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 8, 2025·SEC

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NXST Frequently Asked Questions

Nexstar Media Group, Inc. (NXST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Nexstar Media Group, Inc.'s revenue?

Nexstar Media Group, Inc. (NXST) reported $5.11B in revenue for fiscal year 2025. This represents a 3147% increase from $157.5M in 1999.

How fast is Nexstar Media Group, Inc. growing?

Nexstar Media Group, Inc. (NXST) saw revenue decline by 8.5% over the past year.

Is NXST profitable?

Yes, Nexstar Media Group, Inc. (NXST) is profitable, generating $165.0M in net income for fiscal year 2025 (2.2% net margin).

Dividend & Returns
Does NXST pay dividends?

Yes, Nexstar Media Group, Inc. (NXST) pays a dividend with a yield of 3.07%. This makes it attractive for income-focused investors.

What is NXST's return on equity?

Nexstar Media Group, Inc. (NXST) has a return on equity (ROE) of 5.0%. This is below average, suggesting room for improvement.

What is Nexstar Media Group, Inc.'s free cash flow?

Nexstar Media Group, Inc. (NXST) generated $708.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in NXST back in 1999?

Total return calculator · dividends reinvested · 27+ years of data

See returns →