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Nexstar Media Group, Inc. NXST Production and delivery

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Segments

By segment

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Reportable Broadcast$553M+1.1%
Reportable TEGNA$379M

Other financials

Income statement

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Revenue$2.0B+62.2%
Operating income$362.0M+70.0%
Net income$120.0M+23.7%
EPS (diluted)$3.61+18.0%

Balance sheet

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Cash & equivalents$218.0M-6.8%
Total debt$12.1B+81.1%
Total equity$2.3B+0.4%
Total assets$17.7B+56.4%

Cash flow

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Operating cash flow$298.0M+20.6%
CapEx$45.0M+55.2%
Free cash flow$253.0M+16.1%

Valuation

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Market cap$5.74B+1.8%
Enterprise value$17.61B+45.8%
P/E12.7×+2.7×
P/S-0.1×

Profitability

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Operating margin17.8%-4.5pp
Net margin10%-1.3pp
FCF margin12.6%-10.9pp

Returns & leverage

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Return on equity23%-3.2pp
Debt / equity5.3×+2.4×
Current ratio1.6×-0.1×

Where this comes from

Reported directly by Nexstar Media Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The source filing: Nexstar Media Group, Inc.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 1:09 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-339827
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Net revenue$1,993$1,229$3,389$2,462
Operating expenses:
Direct operating, excluding depreciation and amortization9295571,5411,108
Selling, general and administrative, excluding depreciation and amortization457262783520
Amortization of broadcast rights8779159168
Depreciation and amortization of intangible assets158118279234
Total operating expenses1,6311,0162,7622,030
Income from operations362213627432

ITEM 1. Financial Statements

FAQ

What is Nexstar Media Group, Inc.'s production and delivery?
Nexstar Media Group, Inc. (NXST) reported production and delivery of $929M in Q2 2026.
How has Nexstar Media Group, Inc.'s production and delivery changed year-over-year?
Nexstar Media Group, Inc.'s production and delivery increased by 66.8% year-over-year, from $557M to $929M.
What is the long-term trend for Nexstar Media Group, Inc.'s production and delivery?
Over 4 years (2021 to 2025), Nexstar Media Group, Inc.'s production and delivery has grown at a 4.7% compound annual growth rate (CAGR), from $1.86B to $2.24B.
What does production and delivery mean?
This represents the direct costs incurred to produce and deliver broadcast content and media services to viewers. It includes expenses such as technical operations, production labor, and transmission costs necessary to maintain station broadcasts. Monitoring this metric helps assess the operational efficiency of the core content delivery infrastructure.

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