Nexstar Media Group, Inc. (NXST) Financial Statements
Industry: Television Broadcasting Stations
In fiscal 2025, Nexstar Media reported revenue of $4.95B, down 8.5% from $5.41B the year before. Net income was $109.0M (a 2.2% net margin), or $3.00 per diluted share. Gross margin was 17.2% and operating margin was 17.2%. Operating activities generated $891.0M of cash, leaving $743.0M of free cash flow. At fiscal year end, Nexstar Media held $10.85B in total assets against $8.78B in total liabilities, including $280.0M of cash and equivalents.
Open the full interactive Nexstar Media financials → Quarterly statements, key ratios, valuation history and price charts.
Nexstar Media Key Stats
| Share Price | $160.56 |
|---|---|
| Market Cap | $4.96B |
| P/E Ratio | 53.5 |
| Revenue YoY Growth | -8.5% |
| 52-Week Range | $153.17 – $248.77 |
| Shares Outstanding | 30.6 million (basic, 2026 Q2) |
Nexstar Media Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.50B | $4.65B | $5.21B | $4.93B | $5.41B | $4.95B |
| Cost of Goods Sold | $3.13B | $3.47B | $3.90B | $4.22B | $4.14B | $4.10B |
| Gross Profit | $1.38B | $1.18B | $1.31B | $708.0M | $1.27B | $849.0M |
| Operating Income | $1.38B | $1.18B | $1.31B | $708.0M | $1.27B | $849.0M |
| Pre-Tax Income | $1.10B | $1.09B | $1.22B | $401.0M | $959.0M | $150.0M |
| Income Tax | $296.5M | $262.9M | $273.6M | $131.0M | $276.0M | $67.0M |
| Net Income | $811.4M | $834.6M | $971.1M | $346.0M | $722.0M | $109.0M |
| Diluted EPS | $17.37 | $18.98 | $24.16 | $9.64 | $21.41 | $3.00 |
Nexstar Media Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $1.20B | $1.29B | $1.40B | $1.99B |
| Net Income | $70.0M | -$166.0M | $164.0M | $120.0M |
| Diluted EPS | $2.14 | -$5.41 | $5.09 | $3.61 |
Nexstar Media Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $152.7M | $190.9M | $204.1M | $135.0M | $144.0M | $280.0M |
| Current Assets | $1.21B | $1.41B | $1.61B | $1.47B | $1.30B | $1.47B |
| Total Assets | $13.40B | $13.26B | $12.68B | $12.08B | $11.47B | $10.85B |
| Current Liabilities | $730.9M | $787.3M | $893.2M | $961.0M | $783.0M | $711.0M |
| Total Long-Term Debt | $7.67B | $7.42B | $6.95B | $6.84B | $6.52B | $6.33B |
| Total Liabilities | $10.87B | $10.41B | $9.91B | $9.77B | $9.20B | $8.78B |
| Shareholders' Equity | $2.52B | $2.85B | $2.74B | $2.30B | $2.26B | $2.06B |
Nexstar Media Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $1.25B | $1.21B | $1.40B | $999.0M | $1.25B | $891.0M |
| Cash From Investing | -$39.8M | -$232.1M | $125.2M | -$173.0M | -$102.0M | -$173.0M |
| Cash From Financing | -$1.29B | -$945.6M | -$1.51B | -$899.0M | -$1.15B | -$582.0M |
| Free Cash Flow | $1.04B | $1.06B | $1.25B | $850.0M | $1.10B | $743.0M |
Figures from Nexstar Media's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Nexstar Media financials page for every line item.
Nexstar Media Company Profile
| Ticker | NXST |
|---|---|
| Exchange | Nasdaq |
| Industry | Television Broadcasting Stations |
| Headquarters | Irving, Texas |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001142417 |
Frequently Asked Questions
What was Nexstar Media's revenue in fiscal 2025?
Nexstar Media (NXST) reported revenue of $4.95B for fiscal 2025.
What is Nexstar Media's annual revenue history?
Nexstar Media's annual revenue by fiscal year: 2020: $4.50B; 2021: $4.65B; 2022: $5.21B; 2023: $4.93B; 2024: $5.41B; 2025: $4.95B.
What was Nexstar Media's net income in fiscal 2025?
Nexstar Media reported net income of $109.0M for fiscal 2025.
What was Nexstar Media's earnings per share (EPS) in fiscal 2025?
Nexstar Media's diluted EPS was $3.00 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Nexstar Media generate in fiscal 2025?
Nexstar Media generated $743.0M of free cash flow in fiscal 2025.
What was Nexstar Media's revenue last quarter?
In its most recent reported quarter (2026 Q2), Nexstar Media reported revenue of $1.99B.
How much debt does Nexstar Media have?
Nexstar Media reported $6.33B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Nexstar Media are outstanding?
Nexstar Media reported a weighted average of 30.6 million basic shares outstanding in 2026 Q2.
What is Nexstar Media's market cap?
Based on its latest closing price, Nexstar Media (NXST) has a market capitalization of about $4.96B.
When does Nexstar Media's fiscal year end?
Nexstar Media's fiscal year end, as registered with the SEC, is December 31.
Where is Nexstar Media headquartered?
Nexstar Media lists its business address in Irving, Texas in its SEC filings.