A Business at a Glance
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Company Overview We are a leading diversified media company that produces and distributes engaging local and national news, sports and entertainment content across our television and digital platforms, including more than 317,000 hours of programming produced annually by our business units. Nexstar owns America’s largest local television broadcasting group comprised of top network affiliates, with over 200 owned or partner stations in 116 U.S. markets in 40 states and the District of Columbia reaching over 225 million people. Nexstar’s national television properties include an 80.8% interest in The CW Network, LLC (“The CW”), the fifth major broadcast network in the U.S., NewsNation, a national news network providing “News for All Americans,” two popular entertainment multicast networks, Antenna TV and REWIND TV, and a 31.3% ownership stake in Television Food Network, G.P. (“TV Food Network”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.9B | 4.9B | 5.4B | 4.9B | 5.2B | 4.6B |
| Net Income | 92M | 92M | 702M | 346M | 971M | 834M |
| EPS | $3.00 | $3.00 | $21.41 | $9.64 | $24.16 | $18.98 |
| Free Cash Flow | 743M | 743M | 1.1B | 850M | 1.2B | 1.1B |
| ROIC | 5.8% | 6.0% | 10.1% | 5.1% | 10.2% | 8.8% |
| Gross Margin | 54.8% | 54.8% | 58.9% | 56.4% | 61.5% | 59.9% |
| Debt/Equity | 3.21 | 3.21 | 3.02 | 3.10 | 2.64 | 2.70 |
| Dividends/Share | $7.37 | $7.44 | $6.76 | $5.40 | $3.60 | $2.80 |
| Operating Income | 849M | 849M | 1.3B | 708M | 1.3B | 1.2B |
| Operating Margin | 17.2% | 17.2% | 23.5% | 14.4% | 25.2% | 25.3% |
| ROE | 4.5% | 4.3% | 30.8% | 13.7% | 34.7% | 31.1% |
| Shares Outstanding | 31M | 31M | 33M | 36M | 40M | 44M |
NEXSTAR MEDIA GROUP, INC. passes 4 of 9 quality checks, suggesting mixed fundamentals.
NEXSTAR MEDIA GROUP, INC. trades at 61.4x trailing earnings, compared to its 15-year median P/E of 7.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 7.5x vs a median of 5.8x. The company's 5-year average ROIC is 8.0% with a gross margin of 58.3%. Total shareholder yield (dividends + buybacks) is 6.2%. At current prices, the estimated annualized return to fair value is +21.6%.
NEXSTAR MEDIA GROUP, INC. (NXST) has a current P/E ratio of 61.4, compared to its historical median P/E of 7.3. The stock is currently considered Expensive based on its historical valuation range.
NEXSTAR MEDIA GROUP, INC. (NXST) has a 5-year average return on invested capital (ROIC) of 8.0%. This is below average and may indicate limited pricing power.
NEXSTAR MEDIA GROUP, INC. (NXST) has a market capitalization of $5.7B. It is classified as a mid-cap stock.
Yes, NEXSTAR MEDIA GROUP, INC. (NXST) pays a dividend with a trailing twelve-month yield of 4.00%. The company also returns capital through share buybacks, with a buyback yield of 2.21%.
Based on historical P/E analysis, NEXSTAR MEDIA GROUP, INC. (NXST) appears expensive. The current P/E of 61.4 is 739% above its historical median of 7.3. The estimated fair value CAGR (P/E method) is 7.5%.
NEXSTAR MEDIA GROUP, INC. (NXST) operates in the Television Broadcasting Stations industry, within the Communication Services sector.
NEXSTAR MEDIA GROUP, INC. (NXST) reported annual revenue of $4.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
NEXSTAR MEDIA GROUP, INC. (NXST) has a net profit margin of 1.9%. This is a modest margin.
NEXSTAR MEDIA GROUP, INC. (NXST) generated $743 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
NEXSTAR MEDIA GROUP, INC. (NXST) has a debt-to-equity ratio of 3.21. This indicates higher leverage, which may increase financial risk.
NEXSTAR MEDIA GROUP, INC. (NXST) reported earnings per share (EPS) of $3.00 in its most recent fiscal year.
NEXSTAR MEDIA GROUP, INC. (NXST) has a return on equity (ROE) of 4.3%. This indicates moderate shareholder returns.
NEXSTAR MEDIA GROUP, INC. (NXST) has a 5-year average gross margin of 58.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for NEXSTAR MEDIA GROUP, INC. (NXST), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NEXSTAR MEDIA GROUP, INC. (NXST) has a book value per share of $67.30, based on its most recent annual SEC filing.