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

Nexstar Media Group, Inc. (NXST) reported net debt of $12.11B in Q1 2026.

How has Nexstar Media Group, Inc.'s net debt changed year-over-year?

Nexstar Media Group, Inc.'s net debt increased by 85.3% year-over-year, from $6.54B to $12.11B.

What is the long-term trend for Nexstar Media Group, Inc.'s net debt?

Over 5 years (2020 to 2025), Nexstar Media Group, Inc.'s net debt has grown at a -4.1% compound annual growth rate (CAGR), from $7.8B to $6.34B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Nexstar Media Group, Inc. NXST Net debt

Discontinued — last reported Q1 '26

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Other financials

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

See full

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

See full

Operating cash flow$289.0M-14.2%

CapEx$22.0M-37.1%

Free cash flow$267.0M-11.6%

Valuation

See full

Market cap$5.01B+0.3%

Enterprise value$17.13B+46.6%

P/E11.4×+2.4×

P/S1×0.0×

Profitability

See full

Operating margin17.5%-5.1pp

Net margin10%-1.3pp

FCF margin13.8%-8.1pp

Returns & leverage

See full

Return on equity23%-3.2pp

Debt / equity5.8×+2.7×

Current ratio1.8×0.0×

Where this comes from

Calculated from Nexstar Media Group, Inc.’s reported figures.

$12.5Btotal debt−$379.0Mcash and equivalents=$12.11B

The official record: Nexstar Media Group, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Nexstar Media Group, Inc.'s net debt?: Nexstar Media Group, Inc. (NXST) reported net debt of $12.11B in Q1 2026.
How has Nexstar Media Group, Inc.'s net debt changed year-over-year?: Nexstar Media Group, Inc.'s net debt increased by 85.3% year-over-year, from $6.54B to $12.11B.
What is the long-term trend for Nexstar Media Group, Inc.'s net debt?: Over 5 years (2020 to 2025), Nexstar Media Group, Inc.'s net debt has grown at a -4.1% compound annual growth rate (CAGR), from $7.8B to $6.34B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.