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Nexstar Media Group, Inc. NXST Program Rights Obligations Current

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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$5.97B+1.5%
Enterprise value$17.84B+44.7%
P/E13.2×+2.8×
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:ProgramRightsObligationsCurrent.

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 itemJune 30, 2026December 31, 2025
Current liabilities:
Current portion of debt$331$111
Accounts payable162133
Broadcast rights payable5848
Accrued expenses589314
Operating lease liabilities5441
Other current liabilities9064
Total current liabilities1,284711

ITEM 1. Financial Statements

FAQ

What is Nexstar Media Group, Inc.'s program rights obligations current?
Nexstar Media Group, Inc. (NXST) reported program rights obligations current of $58M in Q2 2026.
How has Nexstar Media Group, Inc.'s program rights obligations current changed year-over-year?
Nexstar Media Group, Inc.'s program rights obligations current decreased by 29.3% year-over-year, from $82M to $58M.
What is the long-term trend for Nexstar Media Group, Inc.'s program rights obligations current?
Over 2 years (2023 to 2025), Nexstar Media Group, Inc.'s program rights obligations current has grown at a -40.6% compound annual growth rate (CAGR), from $136M to $48M.
What does program rights obligations current mean?
This metric captures the current portion of contractual liabilities owed to content providers and syndicators for the licensing of broadcast programming. It represents the short-term financial commitment required to maintain the station's content lineup and network affiliations. Analyzing this obligation provides insight into the company's near-term cash outflow requirements and its leverage in negotiating content licensing agreements.

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