10x Insights
Loading account…
Companies / Communication Services / Nexstar Media Group, Inc.
NXST

Nexstar Media Group, Inc.

Ticker NXSTIRVING, TXFiscal year ends DecemberBook value per share $79.66Diluted shares 31.0M

Nexstar Media Group, Inc. (Nasdaq: NXST) produces and distributes local and national news, sports and entertainment through television stations, networks and digital platforms, serving viewers, advertisers and television distributors. Its stations carry programming from ABC, CBS, FOX, NBC, The CW and MyNetworkTV,… From the company’s description.

Over the twelve months to Sep 30, 2026, Nexstar Media Group, Inc. reported revenue of $6.81B, up 32.3% from a year earlier, and net income of $353.00M. Its operating margin was 20.6%, and operations generated $1.46B in cash. In fiscal 2025, it reported revenue of $4.95B, down 8.5% from fiscal 2024, and net income of $83.00M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$4.95BFY2025
−8.5% year over year
Last 12 mo $6.81B
17.15%FY2025
−6.3 percentage points
Last 12 mo 20.57%
$83.00MFY2025
−87.8% year over year
Last 12 mo $353.00M
5.66%FY2025
−27.1 percentage points
Last 12 mo 15.09%
Cash & financing
$891.00MFY2025
−28.7% year over year
Last 12 mo $1.46B
$743.00MFY2025
−32.8% year over year
Last 12 mo $1.29B
3.07FY2025
Was 2.89× a year earlier
Last 12 mo 4.62
30.7MFY2025
−6.4% year over year
Last 12 mo 31.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Nexstar Media Group, Inc. does

In the company’s own words

Nexstar Media Group, Inc. (Nasdaq: NXST) produces and distributes local and national news, sports and entertainment through television stations, networks and digital platforms, serving viewers, advertisers and television distributors. Its stations carry programming from ABC, CBS, FOX, NBC, The CW and MyNetworkTV, alongside locally produced news and acquired syndicated content. Nexstar also operates The CW, national news network NewsNation, entertainment multicast networks Antenna TV and REWIND TV, and holds a 31.3% interest in TV Food Network. Its digital portfolio includes local station sites and apps, The Hill, BestReviews and NewsNationNow.com. Revenue comes mainly from distribution fees paid by cable, satellite and streaming distributors and from advertising sold across broadcast and digital properties. The company operates as a diversified media business rather than reporting separate operating segments. As of February 2026, it owned, operated, programmed or provided services to 201 full-power television stations in 116 U.S. markets; revenue was $4.9 billion for fiscal 2025. Its website is http://www.nexstar.tv.

Company details
Sector
Communication Services
Industry (SIC)
Communications
Headquarters
IRVING, TX
Fiscal year end
December
CIK
1142417
SIC
4833

Financial performance, year by year

Fiscal 2011–2025 · USD
$-694.18M$1.35B$3.40B$5.45B$7.49B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Nexstar Media Group, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

465
funds hold it
0 of 35
superinvestors hold it
$2.88B
held by funds, at market
50.3%
of shares held by funds
3
bond issues held by funds

Largest fund holders · Nexstar Media Group, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.14%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
—of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.06%of fund net assets
Janus Henderson Contrarian Fund
JSVAX · Janus Investment Fund
2.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Nexstar Media Group, Inc.’s bonds, as funds hold them

Funds report holding 3 issues of Nexstar Media Group, Inc.’s debt, $222.86M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.76%, maturing 2028 to 2034.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Nexstar Media Group, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Nexstar Media Group, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Nexstar Media Group, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.