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Nexstar Media Group, Inc. NXST Reportable Broadcast — Direct Operating Costs

Other segment segments

Reportable TEGNA
$379M

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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
Broadcast Segment:
Net revenue$1,236$1,150$2,459$2,319
Programming and related expenses (1)(553)(547)(1,102)(1,090)
Selling, general and administrative expenses (1)(178)(178)(358)(359)
Amortization of broadcast rights (1)(14)(15)(29)(31)
Broadcast segmentʼs profit491410970839
TEGNA Segment:
Net revenue697-803-

ITEM 1. Financial Statements

FAQ

What is Nexstar Media Group, Inc.'s reportable broadcast — direct operating costs?
Nexstar Media Group, Inc. (NXST) reported reportable broadcast — direct operating costs of $553M in Q2 2026.
How has Nexstar Media Group, Inc.'s reportable broadcast — direct operating costs changed year-over-year?
Nexstar Media Group, Inc.'s reportable broadcast — direct operating costs increased by 1.1% year-over-year, from $547M to $553M.
What is the long-term trend for Nexstar Media Group, Inc.'s reportable broadcast — direct operating costs?
Over 3 years (2022 to 2025), Nexstar Media Group, Inc.'s reportable broadcast — direct operating costs has grown at a 4.5% compound annual growth rate (CAGR), from -$1.93B to -$2.2B.
What does reportable broadcast — direct operating costs mean?
The direct expenses incurred to maintain and operate the broadcast segment's television stations, including transmission and production costs. Monitoring these costs is essential for assessing the segment's operational efficiency and cost-to-revenue management.

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