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Nexstar Media Group, Inc.

NXST

Nexstar Media Group is a leading diversified media company and the largest local television broadcaster in the United States.

Market cap
$5.67B+0.3%
Revenue$5.1B-4.6%
Net income$439.0M-39.2%
Free cash flow$708.0M-39.7%
EPS (diluted)$13.66-36.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$2.0B
EPS estimate$5.98

Financials

Q1 2026

Income statement

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Revenue$1.4B+13.1%
Operating income$265.0M+20.5%
Net income$164.0M+51.9%
EPS (diluted)$5.09+51.0%

Balance sheet

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Cash & equivalents$379.0M+49.8%
Total debt$12.5B+84.0%
Total equity$2.2B-3.5%
Total assets$18.1B+58.6%

Cash flow

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Operating cash flow$289.0M-14.2%
CapEx$22.0M-37.1%
Free cash flow$267.0M-11.6%

Valuation & ratios

Valuation

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Market cap$5.67B+0.3%
Enterprise value$17.79B+45.7%
P/E12.9×
P/S1.1×0.0×

Profitability

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Operating margin17.5%-5.1pp
FCF margin13.8%-8.1pp

Returns & leverage

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Debt / equity5.8×+2.7×
Current ratio1.8×0.0×

Segments

By segment

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Reportable Broadcast$1.2B+4.6%
All Other Segments$190.0M+147%
Corporate$1.0M-50.0%

By product

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Distribution Service$837.0M+9.8%
Advertising$548.0M+19.1%
Other$11.0M-8.3%

Competitors

Profile

Nexstar Media Group is a leading diversified media company and the largest local television broadcaster in the United States. The company produces and distributes local and national news, sports, and entertainment content across a vast network of owned or operated television stations and national cable and digital platforms. Its core value proposition lies in its ability to deliver scaled local audiences and powerful national reach to advertisers and distribution partners.

Competitive position

Nexstar is the largest local television broadcasting group in the U.S. and a top 10 digital news property, holding a dominant position in local news and political advertising.

GeographiesUnited States
Customer segmentsConsumer, Enterprise, Government and Political
Business modelAdvertising-supported, B2B Distribution Licensing, Affiliate Fees, Content Production
SuppliersBroadcast Network Affiliations (ABC, CBS, NBC, FOX), Syndicated Content Providers, Professional Sports Leagues (NASCAR, WWE, ACC), Broadcast Equipment Manufacturers
CustomersCable and Satellite Operators (MVPDs), Streaming Platforms (vMVPDs), Local and National Advertising Agencies, Direct-to-Consumer Viewers
Listed2003
Employees13.3K
CEOPerry A. Sook
Websitenexstar.tv
FilingsSEC EDGAR

Questions, answered.

What is Nexstar Media Group, Inc.'s market cap?
Nexstar Media Group, Inc. (NXST) has a market capitalization of $5.7B and trades on NASDAQ.
What is Nexstar Media Group, Inc.'s revenue and profitability?
Nexstar Media Group, Inc. generated $5.1B in trailing twelve-month revenue with net income of $439.0M, representing a net margin of 10.0%, with free cash flow of $708.0M. These figures are based on the Q1 2026 filing.
Who are Nexstar Media Group, Inc.'s competitors?
Nexstar Media Group, Inc.'s key competitors include Gray Television, Inc., Sinclair Inc., Fox News, and others. These companies compete in similar markets and product categories.
Who does Nexstar Media Group, Inc. partner with?
Nexstar Media Group, Inc.'s notable partners include Warner Bros. Discovery, Inc., Mission Broadcasting, Inc., Paramount Global, and others.
What subsidiaries does Nexstar Media Group, Inc. have?
Nexstar Media Group, Inc.'s subsidiaries include The CW Network, LLC, The Hill, BestReviews, and others.
Where is Nexstar Media Group, Inc. headquartered?
Nexstar Media Group, Inc. is headquartered in United States of America and employs approximately 13,294 people. It has been publicly traded since 2003.