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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 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
-$12M $3B $5B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 15% 31% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $623M $1B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $4B $8B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$5B -$157M $4B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $4.9B $83M 0.0% 17.2% $743M $6.3B $280M
2024 $5.4B $683M 0.0% 23.5% $1.1B $6.5B $144M
2023 $4.9B $270M 0.0% 14.4% $850M $6.8B $135M
2022 $5.2B $944M 0.0% 25.2% $1.2B $7.0B $204M
2021 $4.6B $830M 0.0% 25.3% $1.1B $7.4B $191M
2020 $4.5B $812M 0.0% 30.6% $1.0B $7.7B $153M
2019 $3.0B $230M 0.0% 21.6% $220M $8.5B $232M
2018 $2.8B $389M 0.0% 27.4% $631M $4.0B $145M
2017 $2.4B $475M 0.0% 20.8% $37M $4.4B $116M
2016 — $92M — — $252M $2.3B $1.0B
2015 — $78M — — — $1.5B $43M
2014 — $65M — — — $1.2B $132M
2013 — -$2M — — $8M $1.1B $40M
2012 — $182M — — $63M $858M $69M
2011 — -$12M — — $27M $640M $8M

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.

Price / earnings (P/E)
0.0 46.2 92.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.8 1.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.4 4.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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?

As of Jun '26, Nexstar Media Group, Inc. traded at a price-to-earnings ratio of about 56.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.