Nexstar Media Group, Inc. (NXST) Stock Analysis
Communication Services · Broadcasting · NasdaqGS
Nexstar Media Group, Inc. (NXST) posted $4.95B in revenue for fiscal 2025 (down 8.5% year over year), at a 2.2% net margin, and has compounded revenue about 1.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Nexstar Media Group, Inc.
Nexstar Media Group, Inc. has grown revenue from $1.10B to $4.95B over the last 10 fiscal years, compounding about 1.9% a year. The most recent year was down 8.5%, so growth has cooled from its longer-run pace.
Net margin sits at 2.2%, down 11.2 points year over year. It carries about $6.33B of total debt.
At today's valuation the market is pricing in roughly -6.7% annual free-cash-flow growth — versus the -6.5% it actually delivered over the last five years, broadly in line with what it has delivered. The one thing worth a second look in the filings is heavy debt load.
Synthesised from Nexstar Media Group, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Nexstar Media Group, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $91.54M | $475.00M | $389.48M | $230.26M | $811.50M | $834.00M | $971.10M | $346.00M | $722.00M | $109.00M |
| Net margin | 8.3% | 19.5% | 14.1% | 7.6% | 18.0% | 17.9% | 18.6% | 7.0% | 13.4% | 2.2% |
Source: Nexstar Media Group, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Nexstar Media Group, Inc.: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $6555M is 7.4× last year's operating cash flow — it would take years of cash flow to clear.
- Net margin shrinkingNet margin fell from 18.6% to 2.2% over ~3 years — profitability is compressing.
What growth is priced into NXST stock?
At today's market cap of $5.31B, Nexstar Media Group, Inc. is priced for free-cash-flow growth of about -6.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $743.00M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -6.5%/yr over the last five fiscal years and revenue 1.9%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Nexstar Media Group, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
Open the interactive view — freeOr start a 7-day free trial to track NXST in your portfolio →
Nexstar Media Group, Inc. financial history by metric
Compare Nexstar Media Group, Inc. with peers
About Nexstar Media Group, Inc.
Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to power television and radio stations; and provides television programming services. The company offers video and display advertising platforms through its own and various third party websites, mobile and over-the-top applications, digital media solutions to media publishers and advertisers, and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks. Further, its digital assets include 125 local websites, 229 mobile applications, 110 connected television applications, television channels from The CW and The Hill, BestReviews, and advertising solutions. Additionally, the company engages in the digital business. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. Nexstar Media Group, Inc. was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. The company was founded in 1996 and is headquartered in Irving, Texas.
Nexstar Media Group, Inc. — frequently asked questions
What is Nexstar Media Group, Inc.'s revenue?
Nexstar Media Group, Inc. (NXST) reported revenue of $4.95B for fiscal year 2025, down 8.5% from the prior year, according to its SEC filings.
Is Nexstar Media Group, Inc. profitable?
Yes. NXST earned net income of $109.00M in fiscal 2025, a net margin of 2.2%.
What is NXST's P/E ratio?
Nexstar Media Group, Inc. trades at a price-to-earnings ratio of about 36.9 based on the latest data in our nightly-refreshed cache.
How fast is Nexstar Media Group, Inc. growing?
NXST's revenue grew at roughly 1.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Nexstar Media Group, Inc. have?
As of fiscal year 2025, NXST carried roughly $6.33B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Nexstar Media Group, Inc.'s market cap?
Nexstar Media Group, Inc. (NXST) has a market capitalization of about $5.31B, based on the latest data in our nightly-refreshed cache.
When does Nexstar Media Group, Inc.'s fiscal year end?
NXST's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
What growth is priced into NXST stock?
At today's market cap of $5.31B, Nexstar Media Group, Inc. is priced for free-cash-flow growth of about -6.7% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $743.00M from the FY ending 2025-12-31). For comparison, free cash flow actually grew -6.5%/yr over the last five fiscal years and revenue 1.9%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Nexstar Media Group, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.