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

Nexstar Media Group, Inc. (NXST) reported net debt / EBITDA of 8.6× in Q1 2026.

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

Over 3 years (2020 to 2025), Nexstar Media Group, Inc.'s net debt / EBITDA has grown at a 5.2% compound annual growth rate (CAGR), from 4× to 4.7×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

Nexstar Media Group, Inc. NXST Net debt / EBITDA

Net debt / EBITDA at other companies

NetflixNFLX

0.3×-0.6×

Meta Platforms, Inc.META

0.5×+0.3×

Warner Bros. Discovery, Inc.WBD

-0.5×—

Fox CorporationFOXA

1.2×+0.3×

Sphere EntertainmentSPHR

1.7×—

Alphabet Inc.GOOGL

——

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

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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

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Market cap$5.01B+0.3%

Enterprise value$17.13B+46.6%

P/E11.4×+2.4×

P/S1×0.0×

Profitability

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Operating margin17.5%-5.1pp

Net margin10%-1.3pp

FCF margin13.8%-8.1pp

Returns & leverage

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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.

net debt/ebitda=8.6×

Based on the most recent quarter.

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 / EBITDA?: Nexstar Media Group, Inc. (NXST) reported net debt / EBITDA of 8.6× in Q1 2026.
What is the long-term trend for Nexstar Media Group, Inc.'s net debt / EBITDA?: Over 3 years (2020 to 2025), Nexstar Media Group, Inc.'s net debt / EBITDA has grown at a 5.2% compound annual growth rate (CAGR), from 4× to 4.7×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.