Nexstar Media Group, Inc.
NASDAQ•NXST
CEO: Mr. Perry A. Sook
Sector: Communication Services
Industry: Entertainment
Listing Date: 2003-11-25
Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services. The company offers video and display advertising platforms that are delivered locally or nationally through its own and various third party websites, mobile and over-the-top applications, other digital media solutions to media publishers, and advertisers and a consumer product reviews platform. In addition, it owns NewsNation, a national cable news network; and WGN-AM, a Chicago radio station, as well as owns and operates digital multicast networks and other multicast network services. Further, its digital assets include local websites, mobile applications, connected television applications, free-ad supported television channels representing products of local television stations, The CW, The Hill and BestReviews, and a suite of advertising solutions. Additionally, the company engages in digital business; and management of real estate assets, including leasing of owned office and production facilities. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. The company was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. Nexstar Media Group, Inc. was founded in 1996 and is headquartered in Irving, Texas.
Contact Information
545 East John Carpenter Freeway, Suite 700, Irving, TX, 75062, United States
972-373-8800
Market Cap
$5.52B
P/E (TTM)
10.7
52.6
Dividend Yield
4.1%
52W High
$223.36
52W Low
$141.66
52W Range
5.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$1.20B-12.30%
4-Quarter Trend
EPS
$2.16-59.55%
4-Quarter Trend
FCF
$87.00M-75.70%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Definitive TEGNA Merger Signed Agreement signed August 18, 2025, to acquire TEGNA for estimated $6.2B cash consideration, expected to close H2 2026.
Senior Credit Facilities Refinanced Refinancing completed June 2025, reducing interest margin and extending maturities; $157M of debt repaid during the nine months.
Shareholder Returns Maintained Quarterly dividend increased 10% to $1.86 per share; $125M in common stock repurchases executed during the nine months.
Cash Position Remains Strong Cash and cash equivalents totaled $236M as of September 30, 2025, representing a net increase of $92M year-to-date.
Risk Factors
Advertising Revenue Drops Nine-month net revenue fell 6.6% to $3.660B, primarily driven by a significant $246M decrease in political advertising sales.
Net Income Significantly Lower Net income attributable to Nexstar fell 42.7% to $275M for nine months ended September 30, 2025, compared to $480M prior.
TEGNA Integration Challenges Realizing anticipated synergies from the $6.2B TEGNA merger depends on successfully managing complex, costly integration processes.
Substantial Debt Load Total outstanding debt stands at $6.359B, requiring substantial portion of cash flow dedication to service principal and interest.
Outlook
Projecting TEGNA Close Acquisition of TEGNA is projected to close by the second half of 2026, contingent upon required regulatory approvals being satisfied.
CW Partnership Extended Extended The CW's broadcast partnership with the Pac-12 Conference through the 2030-31 season, ensuring network stability.
Monitoring New Tax Legislation Evaluating potential impact of new federal tax law (OBBBA) effective in 2025, which may affect the split between current and deferred taxes.
Maintaining Liquidity Compliance Company expects to maintain compliance with all financial covenants governing senior secured facilities for at least the next 12 months.
Peer Comparison
Revenue (TTM)
WPP$37.09B
SIRI$8.55B
$5.63B
Gross Margin (Latest Quarter)
77.0%
SIRI49.1%
27.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| GSAT | $7.98B | -159.7 | -14.0% | 26.1% |
| SIRI | $7.24B | 7.3 | 8.8% | 36.8% |
| NXST | $5.52B | 10.7 | 22.9% | 59.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-7.0%
Growth Under Pressure
4Q Net Income CAGR
-33.9%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $1.20B-12.3%|EPS: $2.16-59.6%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 8, 2025|Revenue: $1.23B-3.2%|EPS: $3.09-13.9%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 8, 2025|Revenue: $1.23B-3.9%|EPS: $3.41-35.0%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 27, 2025|Revenue: $5.41B+9.6%|EPS: $21.73+121.7%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $1.37B+20.7%|EPS: $5.34+641.7%MeetForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $1.27B+2.3%|EPS: $3.59+34.0%MeetForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 9, 2024|Revenue: $1.28B+2.1%|EPS: $5.25+118.8%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 28, 2024|Revenue: $4.93B-5.3%|EPS: $9.80-60.3%Beat