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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:ShareBasedCompensation.

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 itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of broadcast rights159168
Depreciation and amortization of intangible assets279234
Stock-based compensation expense6039
Amortization of debt financing costs, debt discounts and premium55
Loss on extinguishment of debt105
Deferred income taxes(46)(24)
Payments for broadcast rights(147)(161)

ITEM 1. Financial Statements

FAQ

What is Nexstar Media Group, Inc.'s stock-based comp?
Nexstar Media Group, Inc. (NXST) reported stock-based comp of $40M in Q2 2026.
How has Nexstar Media Group, Inc.'s stock-based comp changed year-over-year?
Nexstar Media Group, Inc.'s stock-based comp increased by 90.5% year-over-year, from $21M to $40M.
What is the long-term trend for Nexstar Media Group, Inc.'s stock-based comp?
Over 4 years (2021 to 2025), Nexstar Media Group, Inc.'s stock-based comp has grown at a 13.5% compound annual growth rate (CAGR), from $47M to $78M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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