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Stocks · Communication · Television Broadcasting Stations

NEXSTAR MEDIA GROUP, INC.

NXST Clue Score33
United States Fiscal year ends December CIK 0001142417
$161.45 -0.41% Close, 9 Oct 2026
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Price $161.45 +5.50% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue1.10Operating income0.29Net income0.09EPS, diluted2.89Fiscal year 2017Revenue2.43 +120.4%Operating income0.51Net income0.47 +418.9%EPS, diluted10.07 +248.4%Fiscal year 2018Revenue2.77 +13.8%Operating income0.76Net income0.39 −18.0%EPS, diluted8.21 −18.5%Fiscal year 2019Revenue3.04 +9.9%Operating income0.66Net income0.23 −40.9%EPS, diluted4.80 −41.5%Fiscal year 2020Revenue4.50 +48.1%Operating income1.38Net income0.81 +252.4%EPS, diluted17.37 +261.9%Fiscal year 2021Revenue4.65 +3.3%Operating income1.18Net income0.83 +2.8%EPS, diluted18.98 +9.3%Fiscal year 2022Revenue5.21 +12.1%Operating income1.31Net income0.97 +16.4%EPS, diluted24.16 +27.3%Fiscal year 2023Revenue4.93 −5.3%Operating income0.71Net income0.35 −64.4%EPS, diluted9.64 −60.1%Fiscal year 2024Revenue5.41 +9.6%Operating income1.27Net income0.72 +108.7%EPS, diluted21.41 +122.1%Fiscal year 2025Revenue4.95 −8.5%Operating income0.85Net income0.11 −84.9%EPS, diluted3.00 −86.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 1.10 2.43 2.77 3.04 4.50 4.65 5.21 4.93 5.41 4.95
Growth +120.4% +13.8% +9.9% +48.1% +3.3% +12.1% −5.3% +9.6% −8.5%
Operating income 0.29 0.51 0.76 0.66 1.38 1.18 1.31 0.71 1.27 0.85
Net income 0.09 0.47 0.39 0.23 0.81 0.83 0.97 0.35 0.72 0.11
Growth +418.9% −18.0% −40.9% +252.4% +2.8% +16.4% −64.4% +108.7% −84.9%
EPS, diluted 2.89 10.07 8.21 4.80 17.37 18.98 24.16 9.64 21.41 3.00
Growth +248.4% −18.5% −41.5% +261.9% +9.3% +27.3% −60.1% +122.1% −86.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin26.0%Net margin8.3%Free cash flow margin22.9%Fiscal year 2017Operating margin20.8%Net margin19.5%Free cash flow margin1.5%Fiscal year 2018Operating margin27.4%Net margin14.1%Free cash flow margin22.8%Fiscal year 2019Operating margin21.6%Net margin7.6%Free cash flow margin7.2%Fiscal year 2020Operating margin30.6%Net margin18.0%Free cash flow margin23.0%Fiscal year 2021Operating margin25.3%Net margin17.9%Free cash flow margin22.9%Fiscal year 2022Operating margin25.2%Net margin18.6%Free cash flow margin23.9%Fiscal year 2023Operating margin14.4%Net margin7.0%Free cash flow margin17.2%Fiscal year 2024Operating margin23.5%Net margin13.4%Free cash flow margin20.4%Fiscal year 2025Operating margin17.2%Net margin2.2%Free cash flow margin15.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 26.0% 20.8% 27.4% 21.6% 30.6% 25.3% 25.2% 14.4% 23.5% 17.2%
Net margin 8.3% 19.5% 14.1% 7.6% 18.0% 17.9% 18.6% 7.0% 13.4% 2.2%
Free cash flow margin 22.9% 1.5% 22.8% 7.2% 23.0% 22.9% 23.9% 17.2% 20.4% 15.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.28Capital expenditure−0.03Free cash flow0.25Dividends paid−0.03Fiscal year 2017Operating cash flow0.11Capital expenditure−0.07Free cash flow0.04 −85.5%Buybacks−0.10Dividends paid−0.06Fiscal year 2018Operating cash flow0.74Capital expenditure−0.11Free cash flow0.63 +1,621.6%Buybacks−0.05Dividends paid−0.07Fiscal year 2019Operating cash flow0.42Capital expenditure−0.20Free cash flow0.22 −65.1%Buybacks−0.05Dividends paid−0.08Fiscal year 2020Operating cash flow1.25Capital expenditure−0.22Free cash flow1.04 +371.5%Buybacks−0.28Dividends paid−0.10Fiscal year 2021Operating cash flow1.22Capital expenditure−0.15Free cash flow1.06 +2.6%Buybacks−0.54Dividends paid−0.12Fiscal year 2022Operating cash flow1.40Capital expenditure−0.16Free cash flow1.25 +17.1%Buybacks−0.88Dividends paid−0.14Fiscal year 2023Operating cash flow1.00Capital expenditure−0.15Free cash flow0.85 −31.8%Buybacks−0.61Dividends paid−0.19Fiscal year 2024Operating cash flow1.25Capital expenditure−0.15Free cash flow1.11 +30.0%Buybacks−0.60Dividends paid−0.22Fiscal year 2025Operating cash flow0.89Capital expenditure−0.15Free cash flow0.74 −32.8%Buybacks−0.13Dividends paid−0.23
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.28 0.11 0.74 0.42 1.25 1.22 1.40 1.00 1.25 0.89
Capital expenditure −0.03 −0.07 −0.11 −0.20 −0.22 −0.15 −0.16 −0.15 −0.15 −0.15
Free cash flow 0.25 0.04 0.63 0.22 1.04 1.06 1.25 0.85 1.11 0.74
Growth −85.5% +1,621.6% −65.1% +371.5% +2.6% +17.1% −31.8% +30.0% −32.8%
Buybacks n/a −0.10 −0.05 −0.05 −0.28 −0.54 −0.88 −0.61 −0.60 −0.13
Dividends paid −0.03 −0.06 −0.07 −0.08 −0.10 −0.12 −0.14 −0.19 −0.22 −0.23

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.09Total debt2.34Net cash (debt)−2.25Shareholders’ equity0.17Debt to equity13.85Fiscal year 2017Cash0.12Total debt4.36Net cash (debt)−4.25Shareholders’ equity1.57Debt to equity2.78Fiscal year 2018Cash0.15Total debt3.98Net cash (debt)−3.84Shareholders’ equity1.85Debt to equity2.15Fiscal year 2019Cash0.23Total debt8.49Net cash (debt)−8.26Shareholders’ equity2.03Debt to equity4.18Fiscal year 2020Cash0.15Total debt7.67Net cash (debt)−7.52Shareholders’ equity2.52Debt to equity3.04Fiscal year 2021Cash0.19Total debt7.42Net cash (debt)−7.22Shareholders’ equity2.85Debt to equity2.60Fiscal year 2022Cash0.20Total debt6.95Net cash (debt)−6.75Shareholders’ equity2.74Debt to equity2.54Fiscal year 2023Cash0.14Total debt6.84Net cash (debt)−6.70Shareholders’ equity2.30Debt to equity2.97Fiscal year 2024Cash0.14Total debt6.52Net cash (debt)−6.38Shareholders’ equity2.26Debt to equity2.89Fiscal year 2025Cash0.28Total debt6.33Net cash (debt)−6.05Shareholders’ equity2.06Debt to equity3.07
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.09 0.12 0.15 0.23 0.15 0.19 0.20 0.14 0.14 0.28
Total debt 2.34 4.36 3.98 8.49 7.67 7.42 6.95 6.84 6.52 6.33
Net cash (debt) −2.25 −4.25 −3.84 −8.26 −7.52 −7.22 −6.75 −6.70 −6.38 −6.05
Shareholders’ equity 0.17 1.57 1.85 2.03 2.52 2.85 2.74 2.30 2.26 2.06
Debt to equity 13.85 2.78 2.15 4.18 3.04 2.60 2.54 2.97 2.89 3.07

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1.10 2.43 2.77 3.04 4.50 4.65 5.21 4.93 5.41 4.95
Growth +120.4% +13.8% +9.9% +48.1% +3.3% +12.1% −5.3% +9.6% −8.5%
0.26 0.61 0.58 0.73 0.91 1.02 1.10 1.10 1.09 1.06
0.29 0.51 0.76 0.66 1.38 1.18 1.31 0.71 1.27 0.85
Growth +76.0% +49.9% −13.5% +109.9% −14.6% +11.7% −46.0% +79.1% −33.0%
0.17 0.24 0.53 0.37 1.10 1.09 1.22 0.40 0.96 0.15
0.08 −0.23 0.14 0.14 0.30 0.26 0.27 0.13 0.28 0.07
0.09 0.47 0.39 0.23 0.81 0.83 0.97 0.35 0.72 0.11
Growth +418.9% −18.0% −40.9% +252.4% +2.8% +16.4% −64.4% +108.7% −84.9%
Per share
2.98 10.38 8.52 5.01 18.06 19.81 24.68 9.78 21.73 3.04
2.89 10.07 8.21 4.80 17.37 18.98 24.16 9.64 21.41 3.00
Growth +248.4% −18.5% −41.5% +261.9% +9.3% +27.3% −60.1% +122.1% −86.0%
30.7 45.8 45.7 46.0 44.9 42.1 39.3 35.3 32.3 30.3
31.7 47.1 47.4 47.9 46.7 44.0 40.2 35.8 32.8 30.7
Growth +48.9% +0.6% +1.1% −2.5% −5.9% −8.6% −10.8% −8.5% −6.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 1.9% a year over five years, and earnings per share fell 29.6% a year.
  • The diluted share count fell 34.3% in five years, so buybacks did some of the work per share.
  • Operating margin is down 13.4 points on five years ago, at 17.2%.
  • Profitable in every one of the 10 years on file.