NEXSTAR MEDIA GROUP, INC. NXST

Communication services SIC 4833 - Television Broadcasting Stations NAICS Information › Broadcasting and Content Providers › Radio and Television Broadcasting Stations › Television Broadcasting Stations derived Nasdaq

We are a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across our television and digital platforms, including more than 317,000 hours of programming produced annually by our business units. Nexstar owns America's largest local television broadcasting group comprised of top network affiliates, with over 200 owned or partner stations in 116 U.S. markets in 40 states and the District of Columbia reaching over 225 million people. Nexstar's national television properties include an 80.8% interest in The CW Network, LLC ("The CW"), the fifth major broadcast network in the U.S., NewsNation, a national news network providing "News for All Americans," two popular entertainment multicast networks, Antenna TV and REWIND TV, and a 31.3% ownership stake in Television Food Network, G.P. ("TV Food Network"). The Company's portfolio of digital assets, including its local TV station apps and websites, The Hill and NewsNationNow.com, is collectively a Top 10 U.S. digital news and information property, attracting over 90 million monthly unique users on average during 2025 according to Comscore.

Last close 167.34 2026-10-23
Market cap $5.16B 2026-06-30 share count
52-week range 153.17 - 254.30

Valuation FY2025 figures against the last close

P/S1.0x
P/E55.8x
P/FCF6.9x
EV/EBITDA8.5x
Dividend yield4.4%
Diluted EPS3.00

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.95B$5.41B$4.93B$5.21B$4.65B$4.50B$3.04B$2.77B$2.43B$1.10B
SG&A $1.06B$1.09B$1.10B$1.10B$1.02B$912.1M$730.0M$579.9M$605.1M$263.6M
Total operating expenses $4.10B$4.14B$4.22B$3.90B$3.47B$3.13B$2.38B$2.01B$1.93B$815.9M
Operating income $849.0M$1.27B$708.0M$1.31B$1.18B$1.38B$655.1M$757.8M$505.6M$287.3M
Interest expense —$444.0M$447.0M$337.0M$283.0M$335.3M$304.4M$221.0M$241.2M$116.1M
Pre-tax income $150.0M$959.0M$401.0M$1.22B$1.09B$1.10B$373.3M$532.9M$241.4M$170.7M
Income tax $67.0M$276.0M$131.0M$274.0M$263.0M$296.5M$137.0M$144.7M$233.9M$77.6M
Net income $83.0M$683.0M$270.0M$944.0M$830.0M$811.5M$230.3M$389.5M$475.0M$91.5M
EPS, basic 3.0421.739.7824.6819.8118.065.018.5210.382.98
EPS, diluted 3.0021.419.6424.1618.9817.374.808.2110.072.89
Shares, diluted (wtd. avg.) 30.7M32.8M35.8M40.2M44.0M46.7M47.9M47.4M47.1M31.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $280.0M$144.0M$147.0M$220.0M$207.0M$169.0M$248.7M$145.1M$115.7M$1.02B
Receivables $1.07B$1.03B$1.09B$1.08B$1.02B$904.8M$883.9M$547.3M$562.9M$218.1M
Total current assets $1.47B$1.30B$1.47B$1.61B$1.41B$1.21B$1.35B$767.1M$1.06B$363.2M
Property, plant and equipment $1.16B$1.21B$1.27B$1.26B$1.51B$1.60B$1.29B$731.5M$734.1M$276.2M
Goodwill $2.91B$2.92B$2.95B$2.96B$3.05B$2.96B$3.00B$2.17B$2.14B$473.3M
Other intangibles $1.59B$1.85B$2.12B$2.43B$2.72B$2.94B$3.26B$1.49B$1.58B$324.7M
Total assets $10.85B$11.47B$12.08B$12.68B$13.26B$13.40B$13.99B$7.06B$7.48B$2.97B
Accounts payable $133.0M$133.0M$235.0M$198.0M$248.2M$218.4M$157.4M$67.8M$31.1M$19.8M
Short-term debt $111.0M$124.0M$124.0M$124.0M$47.2M$21.4M$109.3M$96.1M$92.8M$28.1M
Total current liabilities $711.0M$783.0M$961.0M$893.0M$787.3M$730.9M$947.6M$404.2M$670.7M$189.6M
Long-term debt $6.22B$6.40B$6.71B$6.83B$7.37B$7.65B$8.38B$3.88B$4.27B$2.31B
Total liabilities $8.78B$9.20B$9.77B$9.91B$10.41B$10.87B$11.94B$5.19B$5.90B$2.68B
Retained earnings $3.54B$3.67B$3.19B$3.03B$2.20B$1.49B$778.8M$620.4M$299.5M-$176.6M
Total equity $2.06B$2.26B$2.31B$2.77B$2.86B$2.54B$2.05B$1.87B$1.58B$284.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $891.0M$1.25B$999.0M$1.40B$1.22B$1.25B$417.5M$736.9M$109.1M$284.3M
Depreciation and amortisation $471.0M$484.0M$488.0M$662.0M$589.0M$564.9M$123.4M$109.8M$100.7M$51.3M
Stock-based compensation $78.0M$78.0M$60.0M$62.0M$47.0M$48.3M$38.6M$31.3M$24.1M$11.4M
Capital expenditure $148.0M$145.0M$149.0M$157.0M$151.0M$217.0M$197.5M$106.2M$72.5M$31.9M
Investing cash flow -$173.0M-$102.0M-$173.0M$125.0M-$232.0M-$39.8M-$4.70B-$175.5M-$2.07B-$135.1M
Financing cash flow -$582.0M-$1.15B-$899.0M-$1.51B-$945.0M-$1.29B$4.39B-$531.9M$1.06B$822.9M
Dividends paid $226.0M$219.0M$191.0M$142.0M$118.0M$101.0M$82.8M$68.6M$55.9M$29.4M
Buybacks $125.0M$601.0M$605.0M$881.0M$537.0M$281.9M$45.1M$50.5M$99.0M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001142417-26-000016.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 1.1B Net income, FY2016: 91.5M Revenue, FY2017: 2.4B Net income, FY2017: 475M Revenue, FY2018: 2.8B Net income, FY2018: 389.5M Revenue, FY2019: 3B Net income, FY2019: 230.3M Revenue, FY2020: 4.5B Net income, FY2020: 811.5M Revenue, FY2021: 4.6B Net income, FY2021: 830M Revenue, FY2022: 5.2B Net income, FY2022: 944M Revenue, FY2023: 4.9B Net income, FY2023: 270M Revenue, FY2024: 5.4B Net income, FY2024: 683M Revenue, FY2025: 4.9B Net income, FY2025: 83M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.10B $2.43B $2.77B $3.04B $4.50B $4.65B $5.21B $4.93B $5.41B $4.95B
Gross profit — — — — — — — — — —
Net income $91.5M $475.0M $389.5M $230.3M $811.5M $830.0M $944.0M $270.0M $683.0M $83.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Material agreement signed Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation Item 2.03
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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EVC ENTRAVISION COMMUNICATIONS CORP $573.9M — 22.6%
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SSP E.W. SCRIPPS Co $198.9M — -14.3%