Tearsheet

Nexstar Media (NXST)

Market Price (10/16/2025): $194.03 | Market Cap: $5.9 Bil
Sector: Communication Services | Industry: Movies & Entertainment

Nexstar Media (NXST)

Market Price (10/16/2025): $194.03
Market Cap: $5.9 Bil
Sector: Communication Services
Industry: Movies & Entertainment

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 21%	Weak multi-year price returns 2Y Excs Rtn is -4.8%, 3Y Excs Rtn is -58%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 105%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%		Weak revenue growth Rev Chg QQuarterly Revenue Change % is -3.2%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
3	Low stock price volatility Vol 12M is 35%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 10%, FCF Yield is 21%
1	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 24%
3	Low stock price volatility Vol 12M is 35%
4	Weak multi-year price returns 2Y Excs Rtn is -4.8%, 3Y Excs Rtn is -58%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 105%
6	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -3.2%

Market Valuation & Key Metrics

Valuation
Key Metrics

	10/16/25	2024	2023	2022	2021
Share Price CYE	$194.03	$153.05	$145.71	$157.57	$130.91
Market Cap CYE ($ Bil)	5.9	4.7	4.9	5.9	5.4
Total Debt ($ Bil)	6.4	6.5	6.8	7.0	7.5
Total Cash ($ Bil)	0.2	0.1	0.1	0.2	0.2
Enterprise Value ($ Bil)	12.0	11.2	11.7	12.9	12.9
Valuation Ratios
P/S TTM	1.1	0.9	1.1	1.3	1.4
P/EBIT TTM	4.7	3.6	6.5	4.4	4.6
P/E TTM	9.2	7.1	16.0	7.1	7.6
Sector Ratios
P/S TTM (Sector)	1.1	1.0	1.1	1.2	2.0
P/EBIT TTM (Sector)	1.9	1.3	-0.1	1.0	3.1
P/E TTM (Sector)	-0.7	-0.8	-0.6	-0.3	1.3

	10/16/25	2024	2023
Share Price CYE	$194.03	$153.05	$145.71
Market Cap CYE ($ Bil)	5.9	4.7	4.9
Total Debt ($ Bil)	6.4	6.5	6.8
Total Cash ($ Bil)	0.2	0.1	0.1
Enterprise Value ($ Bil)	12.0	11.2	11.7
Valuation Ratios
P/S TTM	1.1	0.9	1.1
P/EBIT TTM	4.7	3.6	6.5
P/E TTM	9.2	7.1	16.0
Sector Ratios
P/S TTM (Sector)	1.1	1.0	1.1
P/EBIT TTM (Sector)	1.9	1.3	-0.1
P/E TTM (Sector)	-0.7	-0.8	-0.6

	NXST	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	5.3
Rev Chg Q	-3.2%	6.2%
Rev Chg LTM	6.6%	5.2%
Rev Chg 3Y Avg	3.2%	5.4%
PROFITABILITY	GOOD
Op Inc LTM ($ Bil)	1.2
Op Mgn LTM	22.7%	18.6%
CFO LTM ($ Bil)	1.4
CFO/Rev LTM	26.0%	20.3%
Net Inc LTM ($ Bil)	0.6
Net Inc Mgn	11.9%	12.7%
VALUATION	LOW
P/S	1.1	3.3
P/CFO	4.2	15.9
P/FCF	4.7	20.8
P/E	9.2	24.0
STABILITY	POOR
Debt/Equity	1.09	0.21
Cash/Assets	0.02	0.07

NXST Stock

Return (1M):

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
NXST Return	-4%	39%	20%	-8%	5%	27%	96%
Peers Return	19%	9%	-22%	-3%	7%	-12%	-7%
S&P 500 Return	16%	27%	-19%	24%	23%	13%	103%
Monthly Win Rates [3]
NXST Win Rate	67%	58%	25%	50%	50%	67%
Peers Win Rate	53%	50%	40%	52%	43%	50%
S&P 500 Win Rate	58%	75%	42%	67%	75%	67%
Max Drawdowns [4]
NXST Max Drawdown	-60%	-1%	0%	-22%	-2%	-7%
Peers Max Drawdown	-27%	-12%	-34%	-21%	-20%	-27%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NYT, LBTYA, TGNA, CABO, AC. See NXST Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/15/2025 (YTD)

Downturns Compared

Unique Key	Event	NXST	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-37.2%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	59.2%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-64.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	183.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	337 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-25.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	33.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	70 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-96.7%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	2896.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1563 days	1480 days

How Low Can It Go?

Nexstar Media's stock fell -37.2% during the 2022 Inflation Shock from a high on 2/2/2023. A -37.2% loss requires a 59.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Better Bets than Nexstar Media (NXST)

	NXST	Better Performance than NXST
Metric	Value	Industry (Movies & Entertainment)
Rev Chg LTM	6.6%	NFLX (14.8%), TKO (12.1%), ROKU (17.3%), CNK (13.8%), SPHR (20.6%)
Rev Chg 3Y Avg	3.2%	NFLX (10.5%), DIS (5.3%), WMG (3.7%), LYV (29.5%), FWONA (16.2%)
Op Mgn LTM	22.7%	NFLX (29.5%)
CFO/Rev LTM	26.0%	RSVR (26.5%), ZNB (27.9%)
FCF/Rev LTM	23.6%	ZNB (23.7%)
Total Yield	14.6%

	NXST	Better Performance than NXST
Metric	Value	Sector (Communication Services)
Rev Chg LTM	6.6%	GOOGL (13.1%), META (19.4%), NFLX (14.8%), APP (48.2%), SPOT (14.8%)
Rev Chg 3Y Avg	3.2%	GOOGL (10.2%), META (13.0%), NFLX (10.5%), APP (23.7%), DIS (5.3%)
Op Mgn LTM	22.7%	GOOGL (32.7%), META (42.9%), NFLX (29.5%), TMUS (23.1%), APP (55.6%)
CFO/Rev LTM	26.0%	GOOGL (36.0%), META (56.4%), TMUS (30.4%), APP (53.7%), T (33.0%)
FCF/Rev LTM	23.6%	META (30.7%), APP (53.7%), RDDT (23.8%), TTD (27.8%), PINS (26.8%)
Total Yield	14.6%	VZ (17.3%), CMCSA (18.4%), BIDU (67.4%), BCE (16.5%), TGNA (16.7%)

	NXST	Better Performance than NXST
Metric	Value	All Other Sectors
Rev Chg LTM	6.6%	NVDA (71.6%), MSFT (14.9%), AMZN (10.9%), AVGO (28.0%), ORCL (9.7%)
Rev Chg 3Y Avg	3.2%	NVDA (92.0%), MSFT (12.5%), AMZN (11.3%), AVGO (24.0%), TSLA (12.9%)
Op Mgn LTM	22.7%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), AVGO (39.0%), ORCL (31.6%)
CFO/Rev LTM	26.0%	NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), AVGO (42.4%), ORCL (36.5%)
FCF/Rev LTM	23.6%	NVDA (43.6%), MSFT (25.4%), AVGO (41.6%), V (56.8%), MA (49.2%)
Total Yield	14.6%	BABA (38.0%), TM (2152.5%), TD (15.1%), UPS (15.6%), CNQ (20.1%)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Nexstar Media Earnings Notes
2	NXST's 11% One Week Pop Begs The Question: Is IBKR Better Instead?	Counter-Intuitive Comparisons
3	How Does NXST Stack Up Against Its Peers?	Peer Comparison
4	Better Bet Than NXST Stock: Pay Less Than Nexstar Media To Get More From CALM, PTCT
5	NXST Dip Buy Analysis
6	Nexstar Media (NXST) Operating Cash Flow Comparison	Financials
7	Nexstar Media (NXST) Net Income Comparison	Financials
8	Nexstar Media (NXST) Operating Income Comparison	Financials
9	Nexstar Media (NXST) Revenue Comparison	Financials
10	Nexstar Media vs. StoneCo: NXST stock's significantly lower valuation vs. STNE appears counterintuitive	Counter-Intuitive Comparisons
11	ARTICLES
12	Small Cap Stocks Trading At 52-Week High		August 12th, 2025

	Title
0	DASHBOARDS
1	Small Cap Stocks Trading At 52-Week High
2	ARTICLES
3	Nexstar Media Earnings Notes
4	NXST's 11% One Week Pop Begs The Question: Is IBKR Better Instead?
5	How Does NXST Stack Up Against Its Peers?
6	Better Bet Than NXST Stock: Pay Less Than Nexstar Media To Get More From CALM, PTCT
7	NXST Dip Buy Analysis
8	Nexstar Media (NXST) Operating Cash Flow Comparison
9	Nexstar Media (NXST) Net Income Comparison
10	Nexstar Media (NXST) Operating Income Comparison
11	Nexstar Media (NXST) Revenue Comparison
12	Nexstar Media vs. StoneCo: NXST stock's significantly lower valuation vs. STNE appears counterintuitive

Trade Ideas

Select past ideas related to NXST. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
TTD_9302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	09302025	TTD	Trade Desk	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	4.3%	4.3%	0.0%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper	07312025	CMCSA	Comcast	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-9.6%	-9.6%	-10.6%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper	05312025	PINS	Pinterest	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	7.1%	7.1%	-2.3%
IRDM_4302025_Dip_Buyer_FCFYield	04302025	IRDM	Iridium Communications	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-19.2%	-19.2%	-27.4%
IAS_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	04302025	IAS	Integral Ad Science	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	44.1%	44.1%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
TTD_9302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	09302025	TTD	Trade Desk	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	4.3%	4.3%	0.0%
CMCSA_7312025_Monopoly_xInd_xCD_Getting_Cheaper	07312025	CMCSA	Comcast	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-9.6%	-9.6%	-10.6%
PINS_5312025_Monopoly_xInd_xCD_Getting_Cheaper	05312025	PINS	Pinterest	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	7.1%	7.1%	-2.3%
IRDM_4302025_Dip_Buyer_FCFYield	04302025	IRDM	Iridium Communications	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-19.2%	-19.2%	-27.4%
IAS_4302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	04302025	IAS	Integral Ad Science	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	44.1%	44.1%	0.0%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	SANA	Sana Biotechnology	33.0%	263.2%
2	BTDR	Bitdeer Technologies	28.7%	19.5%
3	NVTS	Navitas Semiconductor	20.6%	324.6%
4	BETR	Better Home & Finance	19.9%	571.2%
5	KOD	Kodiak Sciences	19.2%	49.5%
6	MVST	Microvast	19.0%	201.9%
7	HI	Hillenbrand	18.2%	4.8%
8	ASM	Avino Silver & Gold Mines	17.5%	638.9%
9	SMR	NuScale Power	16.7%	198.0%
10	FLNC	Fluence Energy	16.2%	35.0%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	AIV	Apartment Investment & Management	-29.0%	-33.8%
2	UAMY	United States Antimony	-21.2%	677.4%
3	SOC	Sable Offshore	-20.1%	-38.3%
4	METC	Ramaco Resources	-12.3%	373.2%
5	EYPT	EyePoint Pharmaceuticals	-10.9%	57.4%
6	METCB	Ramaco Resources	-10.8%	136.4%
7	USAR	USA Rare Earth	-10.3%	112920.1%
8	ASPI	ASP Isotopes	-10.2%	178.6%
9	TMC	TMC The Metals	-10.1%	758.0%
10	FHN	First Horizon	-9.4%	5.9%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NVTS	Navitas Semiconductor	95.9%	324.6%
2	BITF	Bitfarms	61.7%	334.2%
3	UAMY	United States Antimony	44.5%	677.4%
4	GLUE	Monte Rosa Therapeutics	44.1%	60.1%
5	FLNC	Fluence Energy	43.3%	35.0%
6	SMR	NuScale Power	39.9%	198.0%
7	UUUU	Energy Fuels	38.8%	387.1%
8	ASPI	ASP Isotopes	38.5%	178.6%
9	MVST	Microvast	38.3%	201.9%
10	TNGX	Tango Therapeutics	37.8%	208.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BNT	Brookfield Wealth Solutions	-33.6%	18.5%
2	BN	Brookfield	-33.4%	18.9%
3	VG	Venture Global	-29.9%
4	SOC	Sable Offshore	-29.1%	-38.3%
5	HELE	Helen Of Troy	-28.5%	-67.0%
6	ALAB	Astera Labs	-26.4%	21.9%
7	AIV	Apartment Investment & Management	-26.1%	-33.8%
8	BBBY	Bed Bath & Beyond	-25.7%
9	USNA	Usana Health Sciences	-22.6%	-42.9%
10	FWRD	Forward Air	-18.0%	-38.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	WOLF	Wolfspeed	1213.0%	386.9%
2	QURE	uniQure	334.2%	255.8%
3	LAC	Lithium Americas	193.2%	217.8%
4	FLNC	Fluence Energy	185.9%	35.0%
5	RGTI	Rigetti Computing	181.7%	269.2%
6	SES	SES AI	176.6%	61.6%
7	UAMY	United States Antimony	158.6%	677.4%
8	NVTS	Navitas Semiconductor	157.4%	324.6%
9	ASTS	AST SpaceMobile	136.7%	353.5%
10	QBTS	D-Wave Quantum	135.9%	433.1%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	ANGX	Angel Studios	-46.4%
2	SOC	Sable Offshore	-37.0%	-38.3%
3	VG	Venture Global	-35.1%
4	USNA	Usana Health Sciences	-32.9%	-42.9%
5	FLY	Firefly Aerospace	-32.5%
6	ALAB	Astera Labs	-32.4%	21.9%
7	FWRD	Forward Air	-31.7%	-38.0%
8	LDI	loanDepot	-29.5%	53.4%
9	AIV	Apartment Investment & Management	-28.4%	-33.8%
10	PGY	Pagaya Technologies	-28.1%	222.0%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	SANA	Sana Biotechnology	33.0%	263.2%
2	BTDR	Bitdeer Technologies	28.7%	19.5%
3	NVTS	Navitas Semiconductor	20.6%	324.6%
4	BETR	Better Home & Finance	19.9%	571.2%
5	KOD	Kodiak Sciences	19.2%	49.5%
6	MVST	Microvast	19.0%	201.9%
7	HI	Hillenbrand	18.2%	4.8%
8	ASM	Avino Silver & Gold Mines	17.5%	638.9%
9	SMR	NuScale Power	16.7%	198.0%
10	FLNC	Fluence Energy	16.2%	35.0%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	AIV	Apartment Investment & Management	-29.0%	-33.8%
2	UAMY	United States Antimony	-21.2%	677.4%
3	SOC	Sable Offshore	-20.1%	-38.3%
4	METC	Ramaco Resources	-12.3%	373.2%
5	EYPT	EyePoint Pharmaceuticals	-10.9%	57.4%
6	METCB	Ramaco Resources	-10.8%	136.4%
7	USAR	USA Rare Earth	-10.3%	112920.1%
8	ASPI	ASP Isotopes	-10.2%	178.6%
9	TMC	TMC The Metals	-10.1%	758.0%
10	FHN	First Horizon	-9.4%	5.9%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	NVTS	Navitas Semiconductor	95.9%	324.6%
2	BITF	Bitfarms	61.7%	334.2%
3	UAMY	United States Antimony	44.5%	677.4%
4	GLUE	Monte Rosa Therapeutics	44.1%	60.1%
5	FLNC	Fluence Energy	43.3%	35.0%
6	SMR	NuScale Power	39.9%	198.0%
7	UUUU	Energy Fuels	38.8%	387.1%
8	ASPI	ASP Isotopes	38.5%	178.6%
9	MVST	Microvast	38.3%	201.9%
10	TNGX	Tango Therapeutics	37.8%	208.1%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	BNT	Brookfield Wealth Solutions	-33.6%	18.5%
2	BN	Brookfield	-33.4%	18.9%
3	VG	Venture Global	-29.9%
4	SOC	Sable Offshore	-29.1%	-38.3%
5	HELE	Helen Of Troy	-28.5%	-67.0%
6	ALAB	Astera Labs	-26.4%	21.9%
7	AIV	Apartment Investment & Management	-26.1%	-33.8%
8	BBBY	Bed Bath & Beyond	-25.7%
9	USNA	Usana Health Sciences	-22.6%	-42.9%
10	FWRD	Forward Air	-18.0%	-38.0%

Peer Comparisons for Nexstar Media

Financials

	NXST	NYT	LBTYA	TGNA	CABO	AC	Median
Name	Nexstar .	New York.	Liberty .	Tegna	Cable One	Marquee
Mkt Price	194.08	54.86	11.07	19.85	161.35	-	54.86
Mkt Cap	5.9	9.0	3.8	3.2	0.9	-	3.8
Rev LTM	5,316	2,689	2,963	3,032	1,542	-	2,963
Op Inc LTM	1,209	406	4	737	421	-	421
FCF LTM	1,254	455	361	576	313	-	455
FCF 3Y Avg	992	343	765	568	319	-	568
CFO LTM	1,382	490	1,520	619	605	-	619
CFO 3Y Avg	1,142	373	1,967	617	658	-	658

Growth & Margins

	NXST	NYT	LBTYA	TGNA	CABO	AC	Median
Name	Nexstar .	New York.	Liberty .	Tegna	Cable One	Marquee
Rev Chg LTM	6.6%	7.8%	16.3%	5.9%	-5.4%	-	6.6%
Rev Chg 3Y Avg	3.2%	7.0%	-22.1%	-0.4%	-3.5%	-	-0.4%
Rev Chg Q	-3.2%	9.7%	20.0%	-5.0%	-3.4%	-	-3.2%
QoQ Delta Rev Chg LTM	-0.7%	2.3%	7.7%	-1.2%	-0.9%	-	-0.7%
Op Mgn LTM	22.7%	15.1%	0.1%	24.3%	27.3%	-	22.7%
Op Mgn 3Y Avg	20.8%	13.0%	-3.5%	23.8%	30.0%	-	20.8%
QoQ Delta Op Mgn LTM	-0.3%	0.7%	2.3%	-0.4%	-0.5%	-	-0.3%
CFO/Rev LTM	26.0%	18.2%	51.3%	20.4%	39.2%	-	26.0%
CFO/Rev 3Y Avg	21.9%	14.7%	62.3%	20.3%	40.5%	-	21.9%
FCF/Rev LTM	23.6%	16.9%	12.2%	19.0%	20.3%	-	19.0%
FCF/Rev 3Y Avg	19.0%	13.5%	24.0%	18.7%	19.7%	-	19.0%

Valuation

	NXST	NYT	LBTYA	TGNA	CABO	AC	Median
Name	Nexstar .	New York.	Liberty .	Tegna	Cable One	Marquee
Mkt Cap	5.9	9.0	3.8	3.2	0.9	-	3.8
P/S	1.1	3.3	1.3	1.1	0.6	-	1.1
P/EBIT	4.7	21.5	-1.3	4.3	-3.7	-	4.3
P/E	9.3	28.0	-1.2	7.0	-1.8	-	7.0
P/CFO	4.2	18.3	2.5	5.2	1.5	-	4.2
Total Yield	14.6%	4.6%	-86.9%	16.7%	-49.0%	-	4.6%
Dividend Yield	3.8%	1.1%	0.0%	2.5%	5.6%	-	2.5%
FCF Yield 3Y Avg	17.9%	4.2%	12.7%	19.8%	21.9%	-	17.9%
D/E	1.1	0.0	2.8	1.0	3.8	-	1.1
Net D/E	1.0	-0.1	1.9	0.7	3.7	-	1.0

Returns

	NXST	NYT	LBTYA	TGNA	CABO	AC	Median
Name	Nexstar .	New York.	Liberty .	Tegna	Cable One	Marquee
1M Rtn	-5.1%	-7.1%	-6.9%	-5.7%	-3.5%	-	-5.7%
3M Rtn	8.9%	2.2%	12.3%	19.0%	35.0%	-	12.3%
6M Rtn	34.4%	13.1%	5.6%	27.7%	-35.0%	-	13.1%
12M Rtn	20.8%	0.3%	2.7%	25.6%	-53.9%	-	2.7%
3Y Rtn	26.6%	93.1%	31.9%	3.9%	-78.1%	-	26.6%
1M Excs Rtn	-5.3%	-6.6%	-7.0%	-6.6%	-6.5%	-	-6.6%
3M Excs Rtn	0.4%	-3.7%	4.8%	11.4%	24.3%	-	4.8%
6M Excs Rtn	6.2%	-10.4%	-19.8%	1.0%	-61.3%	-	-10.4%
12M Excs Rtn	4.6%	-14.5%	-12.5%	12.2%	-66.4%	-	-12.5%
3Y Excs Rtn	-58.2%	10.0%	-52.3%	-79.4%	-163.2%	-	-58.2%

Comparison Analyses

	Title
0	How Does NXST Stack Up Against Its Peers?
1	Nexstar Broadcasting Group vs. World Wrestling Entertainment: With Return Forecast Of 89%, Nexstar Broadcasting Group Is A Better Bet
2	Nexstar Broadcasting Group vs. AMC Networks: With Return Forecast Of 90%, Nexstar Broadcasting Group Is A Better Bet
3	With 18% Gains On The Table, GTN May Outshine NXST
4	With 13% Gains On The Table, SBGI May Outshine NXST
5	Nexstar Broadcasting Group vs. Interpublic Group: With Return Forecast Of 90%, Nexstar Broadcasting Group Is A Better Bet
6	With 19% Gains On The Table, EW May Outshine NXST
7	Nexstar Broadcasting Group vs. Jazz Pharmaceuticals: With Return Forecast Of 84%, Nexstar Broadcasting Group Is A Better Bet
8	Nexstar Broadcasting Group vs. Floor & Decor Holdings: With Return Forecast Of 84%, Nexstar Broadcasting Group Is A Better Bet
9	Nexstar Broadcasting Group vs. Lear: With Return Forecast Of 84%, Nexstar Broadcasting Group Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	8/8/2025	2/27/2025	2/28/2024	2/28/2023	2/28/2022	3/1/2021	3/2/2020
Key Financials
Total Revenue	5,316	5,407	4,933	5,211	4,648	4,501	3,039
EBITDA	2,072	2,211	1,789	2,216	1,965	2,005	1,086
Operating Income	1,209	1,292	743	1,445	1,198	1,365	552
Net Income	634	722	346	971	834	812	230
EPS	19.52	21.73	9.78	24.68	19.81	18.06	5.01
Growth Rates
Total Revenue Growth	6.6%	9.6%	-5.3%	12.1%	3.3%	48.1%	9.9%
EBITDA Growth	13.8%	23.6%	-19.3%	12.8%	-2.0%	84.5%	1.1%
Operating Income Growth	38.2%	73.9%	-48.6%	20.6%	-12.2%	147.2%	-26.2%
Net Income Growth	46.8%	108.7%	-64.4%	16.4%	2.8%	252.4%	-40.9%
Margins
EBITDA Margin	39.0%	40.9%	36.3%	42.5%	42.3%	44.5%	35.7%
Operating Income Margin	22.7%	23.9%	15.1%	27.7%	25.8%	30.3%	18.2%
Net Income Margin	11.9%	13.4%	7.0%	18.6%	17.9%	18.0%	7.6%
Cash & Debt
Total Cash	234	144	135	204	191	153	232
Total Debt	6,383	6,523	6,837	7,001	7,458	7,704	8,493
Net Debt / (Cash)	6,149	6,379	6,702	6,797	7,267	7,551	8,261
Cash Flows
Net Cash from Operations	1,382	1,250	999	1,403	1,215	1,254	417
Free Cash from Operations	1,254	1,105	850	1,246	1,064	1,037	220
Returns to Shareholders
Dividends	220	219	191	142	118	101	83
Share Repurchases	480	601	605	881	537	282	45

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Filing Date	8/8/2025	5/8/2025	2/27/2025	11/7/2024	8/8/2024	5/9/2024	2/28/2024	11/8/2023	8/8/2023	5/9/2023	2/28/2023	11/9/2022
Key Financials Quarterly
Total Revenue	1,229	1,234	1,487	1,366	1,269	1,284	1,304	1,132	1,240	1,257	1,487	1,269
Ebitda	424	440	661	547	470	532	472	347	483	486	580	602
Operating Income	213	220	441	335	240	275	266	94	179	204	427	356
Net Income	97	108	242	187	118	175	114	25	96	111	203	289
EPS	3.09	3.41	7.68	5.34	3.59	5.25	3.31	0.71	2.68	3.03	5.42	7.45
Key Financials TTM
Total Revenue TTM	5,316	5,356	5,406	5,223	4,989	4,960	4,933	5,116	5,253	5,258	5,211	4,970
Ebitda TTM	2,072	2,118	2,210	2,021	1,821	1,834	1,788	1,896	2,151	2,185	2,217	2,189
Operating Income TTM	1,209	1,236	1,291	1,116	875	814	743	904	1,166	1,321	1,446	1,366
Net Income TTM	634	655	722	594	432	410	346	435	699	830	971	1,031
Growth Rates Quarterly
Total Revenue Growth	-3.2%	-3.9%	14.0%	20.7%	2.3%	2.1%	-12.3%	-10.8%	-0.4%	3.9%	19.4%	9.7%
EBITDA Growth	-9.8%	-17.3%	40.0%	57.6%	-2.7%	9.5%	-18.6%	-42.4%	-6.6%	-6.2%	5.1%	33.1%
Operating Income Growth	-11.2%	-20.0%	65.8%	256.4%	34.1%	34.8%	-37.7%	-73.6%	-46.4%	-38.0%	22.9%	28.3%
Net Income Growth	-17.8%	-38.3%	112.3%	648.0%	22.9%	57.7%	-43.8%	-91.3%	-57.7%	-56.0%	-22.9%	70.4%
Margins Quarterly
EBITDA Margin	34.5%	35.7%	44.5%	40.0%	37.0%	41.4%	36.2%	30.7%	39.0%	38.7%	39.0%	47.4%
Operating Income Margin	17.3%	17.8%	29.7%	24.5%	18.9%	21.4%	20.4%	8.3%	14.4%	16.2%	28.7%	28.1%
Net Income Margin	7.9%	8.8%	16.3%	13.7%	9.3%	13.6%	8.7%	2.2%	7.7%	8.8%	13.7%	22.8%
Cash & Debt
Total Cash	234	253	144	181	146	237	135	150	346	413	204	347
Total Debt	6,383	6,536	6,523	6,741	6,823	6,853	6,837	6,914	6,944	6,973	7,001	7,224
Net Debt / (Cash)	6,149	6,283	6,379	6,560	6,677	6,616	6,702	6,764	6,598	6,560	6,797	6,877
Cash Flows Quarterly
FCF from Operations	247	337	411	387	176	276	182	138	185	494	218	376
Cash Flows TTM
FCF from Operations TTM	1,382	1,311	1,250	1,021	772	781	999	1,035	1,273	1,378	1,403	1,518
Returns to Shareholders Quarterly
Dividends	56	57	52	55	55	57	46	47	48	50	34	35
Share Repurchases	50	75	178	177	135	111	96	194	139	176	260	215
Return on Invested Capital (ROIC) Quarterly
ROIC	9.7%	9.8%	18.9%	15.1%	10.2%	12.2%	10.7%	3.2%	7.4%	8.4%	18.2%	16.1%
Return on Invested Capital (ROIC) TTM
ROIC TTM	13.8%	13.9%	14.4%	12.2%	9.3%	8.6%	7.5%	9.3%	13.0%	15.0%	16.5%	15.7%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Broadcast	4,611	5,033	4,534	4,411	2,929
Other	339	173		91	110
Corporate (unallocated)	10	9
Eliminations	-27	-4
Corporate (unallocated) and Other			114
The CW Network, LLC (CW)			0
Total	4,933	5,211	4,648	4,501	3,039

Operating Income by Segment

$ Mil	2024	2023	2022	2021	2020
Broadcast	708	1,312	1,742	1,824	948
Corporate (unallocated) and Other			-153
Depreciation and amortization expense			-589	-427
Goodwill and other long-lived asset impairments			-23
Miscellaneous, net			11	0
Payments for broadcast rights			167	56
Reimbursement from the Federal Communications Commission’s (“FCC”) related to station repack			20	57
Corporate (unallocated)				-142
Gain on disposal of stations and business units, net				7
Other					-293
Total	708	1,312	1,175	1,375	655

Price Behavior

Price Behavior

Market Price	$194.08
Market Cap ($ Bil)	5.9
First Trading Date	11/25/2003
Distance from 52W High	-7.3%
	50 Days	200 Days
DMA Price	$201.48	$172.96
DMA Trend	up	up
Distance from DMA	-3.7%	12.2%
	3M	1YR
Volatility	28.1%	35.0%
Downside Capture	30.04	71.53
Upside Capture	65.99	79.89
Correlation (SPY)	39.2%	50.1%

NXST Betas & Captures as of 9/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.78	0.86	1.20	1.01	0.88	0.97
Up Beta	4.81	2.15	2.01	0.83	0.88	0.90
Down Beta	1.69	0.72	1.70	1.41	1.04	1.05
Up Capture	-38%	59%	101%	81%	74%	74%
Bmk +ve Days	13	23	35	74	144	420
Stock +ve Days	10	22	34	67	132	391
Down Capture	41%	18%	37%	95%	80%	101%
Bmk -ve Days	8	19	29	52	107	330
Stock -ve Days	11	20	30	59	118	359

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	9302025
Short Interest: Shares Quantity	2,138,304
Short Interest: % Change Since 9152025	0.9%
Average Daily Volume	362,575
Days-to-Cover Short Interest	5.90
Basic Shares Quantity	30,221,000
Short % of Basic Shares	7.1%

Returns Analyses

	Title
0	Will You Be Comfortable Buying Nexstar Media Stock?
1	Nexstar Media Stock Return Comparison
2	Nexstar Broadcasting Group (NXST) Stock Return: AI Predicts NXST Average and Excess Return After a Fall or Rise

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/7/2025	-1.3%	12.3%	12.4%
5/8/2025	5.4%	12.0%	9.6%
2/27/2025	11.1%	15.9%	22.7%
11/7/2024	2.9%	-9.4%	-6.2%
8/8/2024	-4.9%	-6.6%	-5.1%
5/9/2024	6.9%	4.5%	-6.0%
2/28/2024	1.5%	-3.1%	5.8%
11/8/2023	-2.7%	-0.7%	-5.1%
...
SUMMARY STATS
# Positive	15	15	17
# Negative	9	9	7
Median Positive	5.4%	10.0%	9.6%
Median Negative	-3.3%	-4.2%	-6.2%
Max Positive	32.1%	34.6%	45.2%
Max Negative	-6.0%	-11.3%	-44.2%

	Forward Returns
8/7/2025	-1.3%	12.3%	12.4%
5/8/2025	5.4%	12.0%	9.6%
2/27/2025	11.1%	15.9%	22.7%
11/7/2024	2.9%	-9.4%	-6.2%
8/8/2024	-4.9%	-6.6%	-5.1%
5/9/2024	6.9%	4.5%	-6.0%
2/28/2024	1.5%	-3.1%	5.8%
11/8/2023	-2.7%	-0.7%	-5.1%
8/8/2023	-4.0%	-11.3%	-22.9%
5/9/2023	-1.1%	-1.9%	1.2%
2/28/2023	-3.3%	-6.7%	-13.7%
11/8/2022	8.0%	9.8%	18.7%
8/4/2022	32.1%	34.6%	29.8%
5/10/2022	0.0%	0.0%	0.0%
2/22/2022	0.0%	0.0%	0.0%
11/2/2021	0.0%	0.0%	0.0%
8/4/2021	-0.6%	1.6%	1.4%
5/4/2021	0.5%	-0.2%	2.0%
2/23/2021	9.2%	12.2%	16.2%
11/5/2020	5.4%	17.6%	36.3%
8/5/2020	-3.4%	4.0%	9.2%
5/6/2020	10.3%	14.9%	45.2%
2/26/2020	-6.0%	-4.2%	-44.2%
11/6/2019	2.1%	10.0%	11.4%
SUMMARY STATS
# Positive	15	15	17
# Negative	9	9	7
Median Positive	5.4%	10.0%	9.6%
Median Negative	-3.3%	-4.2%	-6.2%
Max Positive	32.1%	34.6%	45.2%
Max Negative	-6.0%	-11.3%	-44.2%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
6302025	8082025	10-Q 6/30/2025
3312025	5082025	10-Q 3/31/2025
12312024	2272025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	2282024	10-K 12/31/2023
9302023	11082023	10-Q 9/30/2023
6302023	8082023	10-Q 6/30/2023
3312023	5092023	10-Q 3/31/2023
12312022	2282023	10-K 12/31/2022
9302022	11092022	10-Q 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5102022	10-Q 3/31/2022
12312021	2282022	10-K 12/31/2021
9302021	11032021	10-Q 9/30/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	McMillen Charles Thomas		3282025	Sell	151.73	1,000	151,735	839,852	Form
1	ALFORD ANDREW	President, Broadcasting	3272025	Sell	181.98	3,768	685,716	983,624	Form
2	Jenkins Brett	See Remarks	3192025	Sell	176.75	3,785	668,987	3,845,131	Form
3	ZIMMER DANA	See Remarks	3112025	Sell	177.68	4,846	861,021	318,397	Form
4	WEITMAN GARY	See Remarks	3072025	Sell	177.21	1,241	219,918	704,410	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Nexstar Media (NXST)

Market Price (10/16/2025): $194.03 | Market Cap: $5.9 BilSector: Communication Services | Industry: Movies & Entertainment

Nexstar Media (NXST)

Market Price (10/16/2025): $194.03Market Cap: $5.9 BilSector: Communication ServicesIndustry: Movies & Entertainment

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Market Price (10/16/2025): $194.03 | Market Cap: $5.9 Bil
Sector: Communication Services | Industry: Movies & Entertainment

Market Price (10/16/2025): $194.03
Market Cap: $5.9 Bil
Sector: Communication Services
Industry: Movies & Entertainment