NASDAQ · Financial Statements

Nexstar Media Group, Inc. (NXST) Financial Statements

$167.34 NASDAQ: NXST Market Cap $5.16B

Nexstar Media Group, Inc. most recently reported annual revenue of $4.9B, net profit of $109.0M. Revenue grew at an average annual rate of 1.9% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Nexstar Media Group, Inc.: Revenue rose from $1.1B in 2016 to $4.9B in 2025, a change of +348.7% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 26.0% to 17.4%, a shift of -8.6 percentage points; the most recent year shows net profit of $109.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$1.1B$2.4B$2.8B$3.0B$4.5B$4.6B$5.2B$4.9B$5.4B$4.9B
Operating Expenses$816.0M$1.9B$2.0B$2.4B$3.1B$3.5B$3.9B$4.2B$4.1B$4.1B
Operating Profit$287.0M$519.0M$758.0M$655.0M$1.4B$1.2B$1.3B$708.0M$1.3B$863.0M
Operating Margin26.0%21.3%27.4%21.6%30.6%25.3%25.2%14.3%23.4%17.4%
Other Income$-117.0M$-264.0M$-225.0M$-282.0M$-271.0M$-82.0M$-95.0M$-307.0M$-309.0M$-713.0M
Interest$116.0M$241.0M$221.0M$304.0M$335.0M$283.0M$337.0M$447.0M$444.0M$379.0M
Depreciation$120.0M$323.0M$321.0M$409.0M$565.0M$589.0M$662.0M$941.0M$808.0M$785.0M
Profit Before Tax$171.0M$241.0M$533.0M$373.0M$1.1B$1.1B$1.2B$401.0M$959.0M$150.0M
Tax$45.5M$-96.9M$27.1M$36.7M$26.8M$24.1M$22.5M$32.7M$28.8M$44.7M
Net Profit$92.0M$475.0M$389.0M$230.0M$812.0M$834.0M$971.0M$346.0M$722.0M$109.0M
EPS$2.89$10.07$8.21$4.80$17.37$18.98$24.16$9.66$21.41$3.00
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$1.1B$1.3B$1.3B$1.3B$1.4B$1.5B$1.2B$1.2B$1.2B$1.3B$1.4B$3.1B
Operating Expenses$1.0B$1.1B$1.0B$1.0B$1.0B$1.1B$1.0B$1.0B$1.0B$1.0B$1.1B$2.7B
Operating Profit$94.0M$231.0M$275.0M$240.0M$335.0M$417.0M$220.0M$213.0M$175.0M$256.0M$265.0M$362.0M
Operating Margin8.3%17.7%21.4%18.9%24.5%28.0%17.8%17.3%14.6%19.9%19.0%11.8%
Interest$113.0M$115.0M$114.0M$113.0M$113.0M$104.0M$97.0M$97.0M$94.0M$91.0M$120.0M$190.0M
Profit Before Tax$14.0M$147.0M$228.0M$149.0M$244.0M$337.0M$138.0M$130.0M$96.0M$-214.0M$153.0M$177.0M
Tax$42.9M$32.6M$26.8M$28.9M$26.2M$31.8M$29.7M$30.0M$32.3M$20.6M$-4.6M$36.2M
Net Profit$25.0M$114.0M$175.0M$118.0M$187.0M$242.0M$108.0M$97.0M$70.0M$-166.0M$164.0M$120.0M
EPS$0.71$3.36$5.16$3.54$5.76$7.56$3.37$3.06$2.14$-5.64$5.09$3.66

Over the 10 years reported for Nexstar Media Group, Inc., borrowings increased from $2.3B in 2016 to $6.9B in 2025, cash stood at $280.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.07 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$3.0B$7.5B$7.1B$14.0B$13.4B$13.3B$12.7B$12.1B$11.5B$11.0B
Current Assets$363.0M$1.1B$767.0M$1.4B$1.2B$1.4B$1.6B$1.5B$1.3B$1.5B
Cash$88.0M$116.0M$145.0M$232.0M$153.0M$191.0M$204.0M$147.0M$144.0M$280.0M
Inventory$42.0M$72.0M$23.0M$0$0$0$0$0$0$0
Receivables$218.0M$563.0M$547.0M$884.0M$905.0M$1.0B$1.1B$1.1B$1.0B$1.1B
Fixed Assets$276.0M$734.0M$732.0M$1.3B$1.6B$1.5B$1.3B$1.6B$1.2B$1.4B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$901.0M$0$14.0M$1.5B$1.3B$1.2B$1.1B$958.0M$877.0M$396.0M
Other Assets$473.0M$2.1B$2.2B$3.0B$3.0B$3.1B$3.0B$2.9B$2.9B$2.9B
Total Liabilities$2.7B$5.9B$5.2B$11.9B$10.9B$10.4B$9.9B$9.8B$9.2B$8.9B
Current Liabilities$190.0M$671.0M$404.0M$948.0M$731.0M$787.0M$893.0M$961.0M$783.0M$711.0M
Borrowings$2.3B$4.4B$4.0B$8.5B$7.7B$7.5B$7.0B$7.1B$6.8B$6.9B
Other Liabilities$339.0M$1.5B$1.2B$3.4B$3.2B$2.9B$2.9B$2.6B$2.4B$2.1B
Equity$0$0$0$0$0$1.0M$0$0$0$0
Reserves$169.0M$1.6B$1.9B$2.0B$2.5B$2.9B$2.7B$2.3B$2.3B$2.1B

For Nexstar Media Group, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $743.0M; free cash flow was positive in 10 of 10 years; financing activities used $238.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$284.0M$109.0M$737.0M$417.0M$1.3B$1.2B$1.4B$999.0M$1.3B$891.0M
Investing Cash Flow$-167.0M$-2.1B$-282.0M$-4.9B$-257.0M$-383.0M$-32.0M$-322.0M$-247.0M$-321.0M
Financing Cash Flow$-22.0M$-491.0M$-53.0M$-149.0M$-336.0M$-558.0M$-893.0M$-583.0M$-605.0M$-238.0M
Net Cash Flow$972.0M$-900.0M$29.0M$104.0M$-79.0M$38.0M$13.0M$-73.0M$-3.0M$136.0M
Free Cash Flow$252.0M$37.0M$631.0M$220.0M$1.0B$1.1B$1.2B$850.0M$1.1B$743.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.38
EV / EBITDA9.16
FCF Yield15.65%
Quick Ratio1.56
Interest Coverage2.14
Return 1Y-9.41%
Return 3Y41.07%
Return 5Y41.11%

Nexstar Media Group, Inc. (NXST) financials — frequently asked questions

What is Nexstar Media Group, Inc.'s annual revenue?

Nexstar Media Group, Inc. (NXST) reported annual revenue of $4.9B in its most recent fiscal year.

What is Nexstar Media Group, Inc.'s net profit?

Nexstar Media Group, Inc. (NXST) reported net profit of $109.0M in its most recent fiscal year.

What is NXST EV/EBITDA?

Nexstar Media Group, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 9.16.

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