Nexstar Media Group (NXST) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Nexstar Media Group

NasdaqGS•Communication Services•Broadcasting

$163.67-5.13(-0.03%)Pre-market

Market Cap

$4.79B

P/E

25.5x

P/S

0.8x

P/B

2.1x

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes local and national news, sports, and entertainment contents on the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to power television and radio stations; and provides television programming services. The company offers video and display advertising platforms through its own and various third party websites, mobile and over-the-top applications, 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. Further, its digital assets include 125 local websites, 229 mobile applications, 110 connected television applications, television channels from The CW and The Hill, BestReviews, and advertising solutions. Additionally, the company engages in the digital business. Its stations are affiliates of ABC, NBC, FOX, CBS, The CW, MyNetworkTV, and other broadcast television networks. Nexstar Media Group, Inc. was formerly known as Nexstar Broadcasting Group, Inc. and changed its name to Nexstar Media Group, Inc. in January 2017. The company was founded in 1996 and is headquartered in Irving, Texas.

How this company scores

AverageMetricSide Score: 45/100

Strongest: Cash & Earnings Quality (16/25); weakest: Balance Sheet & Red Flags (5/25).

Profitability12/25

Growth12/25

Balance Sheet & Red Flags5/25

Cash & Earnings Quality16/25

Strengths

Strong marginsCash-backed earningsConsistent free cash flowNo share dilution

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 25.5x5y range 6.3x – 57.1x

Currently above its 20-quarter median.

P/S · 0.8x5y range 0.8x – 1.6x

Currently below its 20-quarter median.

P/B · 2.1x5y range 2.1x – 3.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 19.7% — watch for continued compression, which may signal competitive or cost pressure.

Leverage Risk

Red Flag

D/E ratio is 5.1 — heavily leveraged and vulnerable to rising rates or cash flow dips.

Price & Volume

Market Cap $4.79B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.88B
Q. Revenue: $1.99B
TTM EBITDA: $1.39B
TTM Op. Income: $1.04B
Q. Op. Income: $362.00M
TTM Net Income: $188.00M
Q. Net Income: $120.00M
EPS: $3.65
Shares Out.: $30.61M

$5.88B in TTM revenue grew 10.5% YoY, reaching $1.99B last quarter. TTM EBITDA of $1.39B and TTM operating income of $1.04B show growth is flowing through to the bottom line. TTM net income of $188.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 26.1%
Op. Margin: 18.2%
Net Margin: 6.0%

Op. margin of 18.2% is up 0.8% YoY — cost efficiency is improving. Net margin at 6.0% Over the past year, operating margin is up 5% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 25.5x
P/S Ratio: 0.8x
P/B Ratio: 2.1x

At 25.5x P/E, the stock trades within typical market levels. P/S of 0.8x and P/B of 2.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $17.71B
Cash: $218.00M
Long-Term Debt: $11.41B
Book Value: $2.24B
D/E Ratio: 5.1
Debt/EBITDA: 21.9

With $17.71B in assets and $11.41B in long-term debt, D/E is 5.1and book value is $2.24B — elevated leverage, meaning significant financial risk in a downturn. Over the past year, debt/equity is up 82% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $298.00M
TTM Free Cash Flow: $743.00M
FCF Margin: 12.6%
FCF / Net Income: 4.0

TTM FCF of $743.00M on $298.00M in operating cash flow. The FCF / Net Income ratio of 4.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 41% — an improving trend.