NXST Financials Nexstar Media Group, Inc.

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Jun 29, 2026, 13:09 UTC Overview →

Growth & profitability

Revenue has grown 1.9% per year over the past 5 years.
Net income has grown slower than revenue (-36.6% vs 1.9% per year).
Operating margin has contracted, at 17.2% in the latest year.
Free cash flow has declined 6.5% per year over the past 5 years.

Financial health

Total debt ($6.3B) exceeds cash ($280M); net debt is $6.1B.
Total debt has grown slower than revenue (-3.8% vs 1.9% per year).
Total debt is 4.8× EBITDA.

Shareholder returns

Dividends have been paid for 13 consecutive years, consuming 272.3% of earnings and 30.4% of free cash flow.
The dividend has grown 17.5% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
2025	$4.9B	$83M	0.0%	17.2%	4.0%	0.8%	$743M	$6.3B	$280M
2024	$5.4B	$683M	0.0%	23.5%	30.3%	6.0%	$1.1B	$6.5B	$144M
2023	$4.9B	$270M	0.0%	14.4%	11.7%	2.2%	$850M	$6.8B	$135M
2022	$5.2B	$944M	0.0%	25.2%	34.4%	7.4%	$1.2B	$7.0B	$204M
2021	$4.6B	$830M	0.0%	25.3%	29.1%	6.3%	$1.1B	$7.4B	$191M
2020	$4.5B	$812M	0.0%	30.6%	32.2%	6.1%	$1.0B	$7.7B	$153M
2019	$3.0B	$230M	0.0%	21.6%	11.3%	1.6%	$220M	$8.5B	$232M
2018	$2.8B	$389M	0.0%	27.4%	21.0%	5.5%	$631M	$4.0B	$145M
2017	$2.4B	$475M	0.0%	20.8%	30.2%	6.3%	$37M	$4.4B	$116M
2016	—	$92M	—	—	54.1%	3.1%	$252M	$2.3B	$1.0B
2015	—	$78M	—	—	96.3%	4.2%	—	$1.5B	$43M
2014	—	$65M	—	—	122.9%	4.6%	—	$1.2B	$132M
2013	—	-$2M	—	—	13.5%	-0.2%	$8M	$1.1B	$40M
2012	—	$182M	—	—	8150.6%	19.3%	$63M	$858M	$69M
2011	—	-$12M	—	—	6.5%	-2.0%	$27M	$640M	$8M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	ROE	ROA	FCF	Total debt	Cash
Mar '26	$1.4B	$164M	0.0%	19.0%	7.6%	0.9%	$267M	$12.2B	$379M
Dec '25	$1.3B	-$166M	0.0%	18.8%	-8.0%	-1.5%	$136M	$6.3B	$280M
Sep '25	$1.2B	$70M	0.0%	14.6%	3.1%	0.6%	$87M	$6.4B	$236M
Jun '25	$1.2B	$97M	0.0%	17.3%	4.3%	0.9%	$218M	$6.4B	$234M
Mar '25	$1.2B	$108M	0.0%	17.8%	4.8%	0.9%	$302M	$6.5B	$253M
Dec '24	$1.5B	$242M	0.0%	28.0%	10.7%	2.1%	$376M	$6.5B	$144M
Sep '24	$1.4B	$187M	0.0%	24.5%	8.4%	1.6%	$358M	$6.7B	$181M
Jun '24	$1.3B	$118M	0.0%	18.9%	5.2%	1.0%	$139M	$6.8B	$146M
Mar '24	$1.3B	$175M	0.0%	21.4%	7.5%	1.5%	$232M	$6.8B	$237M
Dec '23	$1.3B	$114M	0.0%	17.7%	5.0%	0.9%	$146M	$6.8B	$135M
Sep '23	$1.1B	$25M	0.0%	8.3%	1.1%	0.2%	$102M	$6.9B	$150M
Jun '23	$1.2B	$96M	0.0%	14.4%	3.8%	0.8%	$144M	$6.9B	$346M
Mar '23	$1.3B	$111M	0.0%	16.2%	4.2%	0.9%	$458M	$6.9B	$413M
Dec '22	$1.5B	$203M	0.0%	19.8%	7.4%	1.6%	$161M	$7.0B	$204M
Sep '22	$1.3B	$289M	0.0%	28.1%	9.9%	2.2%	$339M	$7.2B	$347M
Jun '22	$1.2B	$227M	0.0%	26.8%	7.9%	1.8%	$256M	$7.2B	$276M
Mar '22	$1.2B	$252M	0.0%	27.2%	8.6%	1.9%	$490M	$7.3B	$326M
Dec '21	$1.2B	$264M	0.0%	26.1%	9.3%	2.0%	$288M	$7.4B	$191M
Sep '21	$1.2B	$170M	0.0%	24.0%	6.5%	1.3%	$248M	$7.5B	$194M
Jun '21	$1.1B	$200M	0.0%	25.5%	7.7%	1.5%	$113M	$7.6B	$313M

Valuation over time

How the market has priced NXST against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 5.6× (Mar '23) to 65.9× (Nov '26).
The price-to-sales ratio has risen from 1.0× (Mar '23) to 1.1× (Nov '26).
The dividend yield has risen from 2.7% (Mar '23) to 4.1% (Nov '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is NXST growing its revenue and profit?

Over the past 5 years, Nexstar Media Group, Inc.'s revenue has grown 1.9% per year, and net income declined 36.6% per year. These are computed facts, not advice.

How much debt does NXST have?

As of FY2025, Nexstar Media Group, Inc. reported $6.3B of total debt against $280M of cash.

What is NXST's profit margin?

In FY2025, gross margin was —, operating margin 17.2%, and net margin 1.7%.

What is NXST's P/E ratio?

Nexstar Media Group, Inc.'s P/E (TTM) is 29.10 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NXST stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 65.9× as of Nov '26) can differ. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.